Staff Reporter :Mozaffar Hossain Paltu re-elected as the Chairman of Union Insurance at its 22nd Virtual Annual General Meeting held on Monday. The AGM is presided over by the Founder Chairman of the Company Mozaffar Hossain Paltu. The Shareholders express their satisfaction with the overall performance of the Company. The AGM is followed by the Board of Directors Meeting. In the Board of Directors Meeting, Mozaffar Hossain Paltu unanimously re-elected as Chairman of the Company and Mohammed Hasmot Ali re-elected...
Reuters :Indonesian palm oil producers are whittling down their hefty inventory overhang with discounts versus rivals and aggressive sales to India, where demand is picking up for next month’s Diwali festival, industry officials said.Backed by Jakarta’s waiver of palm oil export levies, which was recently extended to Oct. 31 and reversed course from an export ban in May that had shut them out of global trade, producers are moving in to lighten up their stocks at tempting prices....
Staff Reporter :Turnover of the Dhaka Stock Exchange (DSE) turned one year-high on Tuesday.Experts said that the record has been happened though the index of the bourse dropped.The turnover rose around 43 per cent to Tk 2,832 crore, which was the highest since September 7 last year when it was Tk 2,866 crore. However, the turnover was Tk 1,989 crore on Monday.The DSEX, the benchmark index of the DSE, fell 4 points, or 0.06 per cent, to 6,596 at the...
Business Desk :Sending out a clear message to hoarders and rumour mongers, Food Minister Sadhan Chandra Majumder Tuesday said that strict legal action would be initiated against anyone trying to create an artificial fertiliser crisis in Bangladesh.“Fertiliser supplies in Bangladesh have not declined even by a single tonne over that of the previous year. The number of agricultural lands has decreased instead. So, there is no chance of a fertiliser crisis,” Sadhan told reporters after visiting the under-construction rice silo...
Staff Reporter :State Minister for Power, Energy and Mineral Resources Nasrul Hamid urged the World Bank to accelerate its funding in the country’s power and energy sector.The state minister urged it during a bilateral meeting with visiting World Bank Vice-President for South Asia Region, Martin Raiser, at the ministry in Dhaka.Two projects for gas meter installation have been approved by the World Bank in the meeting sources said. It said that the implementation of those projects will begin from January...
Reuters, Singapore :Oil prices steadied on Tuesday on concerns that further US interest rate hikes this week to tame inflation will curb economic growth and fuel demand in the world’s biggest oil consumer.Brent crude futures for November settlement fell 7 cents, or 0.1 per cent, to $91.93 a barrel by 0659 GMT.For all latest news, follow The Daily Star’s Google News channel.US West Texas Intermediate crude for October delivery was at $85.60 a barrel, down 13 cents, or 0.2 per...
Business Desk :Stocks extended their gaining streak for the third consecutive session Monday, with the key index of the Dhaka Stock Exchange (DSE), crossing the 6,600-mark after four months.DSEX, the key index of the DSE (DSE), went up by 65.74 points or 1.0 per cent to settle at 6,600.88. DSEX added 113 points in the past three trading days.Turnover, a crucial indicator of the market, jumped to Tk 19.90 billion on the premier bourse, which was 10 per cent higher...
Business Desk :The Bangladesh Securities and Exchange Commission (BSEC) sought access to the database of the Registrar of Joint Stock Companies and Firms (RJSC) so that it can easily verify information of companies which want to raise funds from the capital market.The securities regulator recently sent a letter to the RJSC to this end, in which it also expressed interest to provide technical support if necessary.The commission officials said they often struggle to verify the authenticity of information submitted by...