Month: November 2013

Economists, businesses express deep concern Economists and business leaders have expressed their deep concern over the ongoing political instability and feared that the investment and economic growth will be hampered largely as they see no immediate solution to the ongoing political crisis. The ongoing violence surrounding the elections

The government is not ready right now to settle a South Korea’s proposal for duty concessions for its eight products in the Bangladesh’s market because of time constraints on the current cabinet, commerce ministry officials said. They said the government had already conveyed its inability to settle the issue to South Korea, saying that a decision ... Read more

India’s apparel exports are rising by snatching orders that would otherwise have gone to China and Bangladesh, said a Business Standard report. The report said exports were already up driven by demand coming in from major textile importing countries like the US and the eurozone. For

Civil Aviation Authority of Bangladesh is yet to introduce its own organogram which is the main condition set by US Federal Aviation Administration for the CAAB to be upgraded to category-1. As the CAAB has been certified as category-2 by the FAA for the last four years, airlines registered with the civil aviation authority can ... Read more

Dse Weekly Review Upbeat bank shares keep stocks up for 2nd week Dhaka stocks advanced last week, the second week in a row, after a four-week bear run as heavyweight bank shares maintained gains. In the week from November 3 to 7, the bank sector gained 9.95 per cent after rising by 6.61 per cent in ... Read more

For technology executives weighing market flotations for Silicon Valley startups, this week’s gangbusters Twitter Inc initial public offering sent a powerful signal: full speed ahead. About a dozen private companies are valued at more than $1 billion, and many of them have already been holding informal talks with bankers. Now,

10 banks fail to keep required provision in Q3 The overall shortfalls in provision against defaulted loans in the banking sector increased by Tk 819.06 crore or 33.25 per cent in the third quarter of this year with 10 banks failing to keep required provision in the period. According to the latest BB data, the shortfalls ... Read more

Factory Inspection Accord, Alliance suggest some modifications of common checklist The government, the EU Accord and the North American Alliance have identified some points that would require modification after the three parties reached almost a consensus on their respective recommendations on a common checklist for garment factory inspection. Their observations came at a two-day