Month: October 2013

The Bangladesh Bank board on Monday approved contingency planning guideline, prescribed by the International Monetary Fund, in a bid to take precautionary measures to ‘protect’ the banking sector from any unexpected crisis, said BB officials. They said implementation of the guideline

The commerce ministry officials at a meeting with parliamentary standing committee on Monday claimed that the reduction of onion price in the country would result in smuggling of the product to India. The standing committee on the ministry, however, did not raise any question about the controversial comment of the ministry officials. Bangladesh meets 25 ... Read more

Economists and development activists on Monday said that the wage rate of the country’s RMG workers was not increasing in tandem with the increase in production and export earning in the sector. They said that an increase in wage of the workers would ultimately result in higher productivity and sustainability of the sector. ‘Although the ... Read more

Bangladesh needs to ensure fair wages and other rights to workers to safeguard the market access for its textile products to Europe in the coming days, European Union ambassador to Bangladesh William Hanna told a national dialogue in the city on Monday. European citizens are closely watching the

he present government will not be able to pass the proposed Financial Reporting Act-2013 in the Parliament ‘due to time constraint’. The act will, however, be approved by the cabinet, finance minister AMA Muhith told reporters after a meeting with representatives of Institute of Cost and Management Accountants of Bangladesh at his secretariat office on ... Read more

Dhaka stocks declined for the second trading session on Monday as the turnover of the Dhaka Stock Exchange fell short of Tk 300 crore after 32 trading sessions with the investors apprehending unrest on the political front. The turnover of the DSE declined to Tk 271.99 crore on the day from the previous session’s Tk ... Read more

The government on Monday signed an agreement with the World Bank for $10 million grant to introduce solar irrigation pumps for farmers. Arastoo Khan, additional secretary, Economic Relations Division and Christine Kimes, acting head, World Bank in Bangladesh signed the

Singer Bangladesh recently launched smart/LED TVs from the European home appliances makers Grundig in Bangladesh. ‘Built on German technology, the Grundig LED TVs are available at a very competitive price,’ said a press release. Initially 32, 40 and 46 inches Grundig LED

Shehzad Munim joins BAT Bangladesh as its managing director today as he becomes the first ever Bangladeshi to take the position in over 100 years of BAT’s operation in Bangladesh, said a press release. Prior to this appointment, Shehzad worked as the marketing director of the company’s South Asia Area. Shehzad joined BATB right after ... Read more