Month: September 2013

The payment of import bills increased significantly in July, the first month of the current financial year, due to a rise in payment of bills for food products. According to the latest BB data, the settlement of letters of credit, or import bill payment, registered a growth of 12.09 per cent in July compared with ... Read more

Global Competitive Index Bangladesh improves, but corruption remains concern Bangladesh showed an upward move by eight positions to 110 in the Global Competitive Index in 2013 from 118 compared to the previous year among 148 countries. Despite having positive changes as regards some issues, key corruption related concerns have remained at the same state, the ... Read more

Dhaka stocks declined for the third trading session on Monday as large capitalised companies saw fall in their share prices. The benchmark general index of Dhaka Stock Exchange, DSEX, dropped to 4,071.16 points, shedding 0.15 per cent or 6.20 points. DS30, the blue-chip index of the bourse,

The country’s leading mobile phone operator Grameenphone on Monday said it would launch the 3G service in specific areas of the Dhaka and Chittagong cities by October. The GP announcement came after the Bangladesh Telecommunication Regulatory Commission had held the 3G spectrum auction on Sunday where four

Peaking Power Plants Project cost revised down to Tk 6,123.37cr The cost of 820MW Peaking Power Plants project under the Power Development Board has been revised down to Tk 6,123.37 crore from original estimation of Tk 6,959.86 crore. The revised project is likely to be placed in the meeting of the Executive Committee of the ... Read more

Claiming that the 3G mobile auction held on Sunday was virtually competition free, a rights group has demanded full disclosure of its process and a parliamentary debate on it. In a statement on Monday, EquityBD (Equity and Justice Working Group Bangladesh) condemned the approach of multinational mobile phone companies

The Dhaka Chamber of Commerce and Industry on Monday launched an initiative to develop 2,000 young entrepreneurs in the country. The DCCI, incorporating with Bangladesh Bank, held a motivational workshop in the Dhaka University’s business faculty auditorium, inaugurated by

President Abdul Hamid on Monday called upon the business leaders to use newer business ideas for generating more and more jobs and thus spur economic activities. Hamid said this when a delegation of the Dhaka Chamber of Commerce and Industry, led by its president M Sabur Khan, met him at Bangabhaban.

Bangladesh Bank has started holding meetings of bank officials and depositors to create awareness about Deposit Insurance Scheme, which is designed to minimise the risk that the depositors suffer for placing funds with a bank. As part of this move, the central bank held meetings of bank officials and depositors in Chittagong and Khulna regions. It ... Read more

Foreign minister Dipu Moni on Monday formally inaugurated the operation of the newly-established NRB Global Bank at a function at Westin Hotel in the city. Speaking as the chief guest, she said that a long standing demand of the non-resident Bangladeshis had been met by establishing the NRB Bank.

Mehboob Chowdhury, chief executive officer of Citycell (Pacific Bangladesh Telecom Ltd), has become co-convener of FIPS 2013, a forum for financial inclusion and payment system, said a news release. The FIPS is a platform whose focus is on understanding the best practices worldwide and implementing them to achieve 100 per cent financial inclusion