Luxury or bust for foreign automakers in Japan
Tokyo businessman Randal Furudera isn’t about to swap his German-made BMW M5 for a “boring” Japanese car, although he’ll give them some grudging respect for their ho-hum dependability.
Deep-pocketed buyers like Furudera are driving sales in Japan of high-end foreign brands, which dominate the niche sector in a car market long seen as all but shuttered to overseas automakers, AFP reports.
“Most Japanese cars these days are sort of becoming moving appliances,” the 54-year-old told AFP.
“They’re very reliable, they’re good quality, they never break and all that, but they’re not very 
Stocks close week mixed
Stock market closed week mixed when the broader price indices at the country’s twin bourses finished up, but transaction fell on cautious participation today.
DSEX, the broader index of Dhaka Stock Exchange (DSE), ended flat in green at 4408.64, with the blue-chip DS30 following it to end at 1683.35. The Shariah DSES, however, closed flat in green at 1065.98, reports BSS.
Chittagong Stock Exchange (CSE) also ended the week up, with its major CSCX index finishing 13.64 points higher at 8246.60.
The daily transaction declined...
Chittagong Stock Exchange (CSE) also ended the week up, with its major CSCX index finishing 13.64 points higher at 8246.60.
The daily transaction declined...
Nation set to celebrate Pahela Baishakh
The nation is set to celebrate “Pahela Baishakh”, Bengali New Year, 1423 amid much enthusiasm and traditional gaiety as tens of thousands of people are expected to join the “Nabo Barsho” festivities across the country.
Different socio-cultural organizations and government institutions have drawn up elaborate programmes like musical functions, colourful marches and street side Baishakhi fairs in the capital as elsewhere across the country to welcome the Bengali New Year, said a press release.
However, business communities, especially in the rural areas are ready to open their traditional ‘Halkhata’, new account books to welcome the Bengali New year, reports BSS.
IBBL agrees wit Ria for remittance service
Islami Bank Bangladesh Limited (IBBL) signed an agreement with Ria Money Transfer (Ria) to provide remittance payout services in Bangladesh at a function held recently at Islami Bank Tower.
Mohammad Abdul Mannan, Managing Director of Islami Bank, Abdus Sadeque Bhuiyan, Deputy Managing Director of Islami Bank and Mr. Suhail Shamsi, Business Development Director, South Asia for Ria, along with other senior officials of Islami Bank, attended the function.
The new service allows cash payout at any Islami Bank branch across Ba...
Mohammad Abdul Mannan, Managing Director of Islami Bank, Abdus Sadeque Bhuiyan, Deputy Managing Director of Islami Bank and Mr. Suhail Shamsi, Business Development Director, South Asia for Ria, along with other senior officials of Islami Bank, attended the function.
The new service allows cash payout at any Islami Bank branch across Ba...
ULFA threatens to blow up Bibiyana gas transmission line
The anti-talk faction of separatist outfit United Liberation Front of Asom (ULFA) has threatened to blow up Bangladesh’s largest gas transmission pipeline, prompting authorities to order an intensified security vigil, a media report said on Wednesday citing an Indian intelligence tip-off.
The Paresh Barua-led faction of the United Liberation Front of Assam (ULFA) recently issued the threat to blow up the transmission line of the Bibiyana gas field, which supplies 45 per cent of the gas, the mass circulation Samakal newspaper in a lead story, basing it on information given by Indian intelligence agencies.
IMF lowers forecast for global economy
The International Monetary Fund (IMF) on Tuesday stepped up its warning of weakness in the global economy ahead of a gathering this week of the world’s top economic policymakers in Washington.
The IMF said it anticipates the global economy would expand by 3.2 percent this year, down 0.2 percentage points from its forecast just three months ago. And the fund candidly admitted that even that projection could easily prove too optimistic amid upheaval in emerging markets, slowdown in China and fraying political and economic ties in Europe.
