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Eid ul-Fitr tomorrow

Eid ul-Fitr, the biggest festival of the Muslim community of Bangladesh will be observed tomorrow. Muslims across country thus observed the last Friday prayers of the month of Ramadan. Despite the rain, malls were packed — men, women and children, all were finishing last-minute shopping. Tailors’ machines still sew new clothes frenetically in order to deliver them by Friday night. Eid mubarakA tailor master in a mall in capital Dhaka, Abdul Halim, says: “Most of the pressure we face is in the last week of Ramadan and especially the last da...

Malaysia mulling sourcing maids from Bangladesh

There appears to be no end to the problems surrounding the shortage of foreign maids in Malaysia. Currently, there are some 150,000 foreign domestic helpers working legally in this country, most of them Indonesians and Filipinas. With the two source nations – Indonesia and the Philippines – having declared their intentions to cease supplying maids to Malaysia, it is high time the government weaned itself off its dependence on those two countries. maids from BDWith Malaysians generally shunning employment in the domestic help sector, the g...

Siemens inches up securing order in Bangladesh

Siemens rose 0.79% to Rs 1,486.15 at 12:35 IST on BSE after the company said it has won a crucial turnkey order worth approximately Rs 123 crore from Power Grid Company of Bangladesh, the country’s leading transmission utility. The announcement was made during market hours today, 16 July 2015. Siemens-Meanwhile, the S&P BSE Sensex was up 150.56 points or 0.53% at 28,348.85. On BSE, so far 14,000 shares were traded in the counter as against average daily volume of 36,308 shares in the past one quarter. The stock was volatile. The stock ros...

Muhith praises BHBFC

Presided over by Finance Minister Abul Mal Abdul Muhith, a meeting on refinancing of Bangladesh House Building Finance Corporation (BHBFC) was held at Bank and Financial Institution Auditorium in the city recently. image003Among others, Chairman to the Board of Directors Sheikh Aminuddin Ahmed, Managing Director Dr. Md. Nurul Alam Talukder, Director Md. Jalal Uddin and Bhobesh Chandra Podder, Addition Secretary of Finance Ministry Jalal Ahmed and Additional Secretary of Bank and Financial Institution Gokul Chand Dash & Md. Fazlul Haque were presen...

Lafarge merges with Holcim

LafargeHolcim yesterday (July 15, 2015) officially launched the new Group around the world and announced key elements of its ambitions for the future. Following the successful completion of the merger between Lafarge and Holcim and the listing of the new LafargeHolcim shares in Zurich and Paris, the new Group will now work towards creating the highest performing company in the building materials industry. LafargeHolcim CEO Eric Olsen says: “Now as LafargeHolcim, we will step into LSC Logothe next phase of our transformation to become the leader in eve...

Tea prices snap 2-week run of gains

Tea prices in Bangladesh edged down at the weekly auction on Tuesday, snapping a two-week run of gains, on higher supplies and tepid demand from local buyers ahead of the Muslim festival, brokers said. Bangladeshi tea fetched an average 198.97 taka ($2.5) per kg at the auction, the 11th of the new marketing season, compared with 199.33 taka at the previous sale, an executive with National Brokers said. tea“There was less demand from local buyers ahead of the Eid holidays,” he said referring to the Eid al-Fitr celebrations, due on Saturday on sightin...
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