Month: September 2013

BB tightens security steps, puts cap on transaction amount Bangladesh Bank on Sunday asked the banks not to allow money transactions through mobile banking without the clients’ mobile account. The BB also tightened the security steps for mobile banking, asking the banks to implement fully ‘know your client’ system by December and imposing a cap on ... Read more

GSP suspension comes into effect from tomorrow Implementation of the action plan taken for retaining GSP status in the US market has made little progress despite the fact that the time of review hearing on reinstatement of the benefits for the Bangladeshi products is nearing. The suspension of the generalised system of preferences benefits will come ... Read more

ADP Spending Ministries to set autonomous bodies’ target based on capacity The planning ministry on Sunday decided to ask all ministries to approve allocation for the autonomous wings based on their capacity of spending against the backdrop of dismal performance of autonomous bodies in implementation of self-financed development projects in the financial year 2012-2013. The ... Read more

Biman Bangladesh Airlines incurred losses of $25 million in the last fiscal year 2012-2013, but made improvement from the FY 2011-2012 when it had sustained losses of $75 million. ‘Biman has gradually been slashing its financial losses and is going for breakeven,’ said Biman managing director Kevin Steele at a press briefing at the Biman ... Read more

Mobile phone service quality falling: Inu Posts and telecommunications minister Sahara Khatun on Sunday said allowing mobile phone operators to use the 3G spectrum to launch their 3G services on easy conditions will enable the government to hold the shares of ‘huge revenue’. ‘The government is not doing auction business by conceding the 3G spectrum to ... Read more

Volatile political situation and concerns over the next poll-time government have dejected the foreign investors, which resulted in 21.33 per cent fall in net foreign investment in the Dhaka Stock Exchange in the month of August, market operators said. According to data released by the DSE on Sunday, foreign

Dhaka stocks inched up on Sunday, the first trading session of the week, riding on investors’ optimism regarding the government fund for the affected small investors. The benchmark general index of the Dhaka Stock Exchange, DSEX, finished at 4,140.30 points on the day, adding 0.31 per cent or 12.82 points.

Low-cost Malindo Air, which has recently launched its daily flight on Dhaka-Kuala Lumpur route as part of its international route expansion, aims at attracting Bangladeshi labours working in Malaysia and the tourists visiting both the countries, its executives said. ‘One of our priorities is to provide low-cost transportation

Etihad Airways, the national airline of the United Arab Emirates, has extended BusinessConnect, its loyalty programme for businesses, to 11 new markets, including Bahrain, Belarus, Kuwait, Lebanon, Malaysia, Nepal, the Netherlands, Oman, the Philippines, Qatar and Thailand. The mileage earning programme is targeted at the small