Month: January 2014

Social Business Initiative Draft policy eyes govt stake in all projects The Board of Investment has finalised a draft of social business policy with a provision for participation of the government as a shareholder in any social business initiative, officials said. The draft framed to facilitate social businesses in the country has already been sent ... Read more

No timeframe, format set for performance report disclosure to users The Bangladesh Telecommunication Regulatory Commission on Wednesday issued a directive setting service quality standard for the mobile phone operators. The telecom regulator asked the telcos to ensure call success rate at 95-97 per cent with a maximum call drop rate at 2- 3 per cent. It ... Read more

Bharti Airtel has put the company’s Bangladesh tower assets on its divestiture list as the world’s fourth largest mobile telephony firm seeks to raise more than $2 billion from selling its infra networks to bolster cash reserves, reports The Times of India, quoting people directly aware of the matter. The Sunil Mittal-led Bharti has received offers ... Read more

Import Payment Thru Tt Banks can pay up to $5,000 in advance without BB nod Bangladesh Bank has said authorised dealer branches of scheduled banks will not require prior approval from the central bank to make advance payment for import through telegraphic transfer up to $5,000 against foreign suppliers. To this end, the BB on Wednesday ... Read more

Indian high commissioner in Dhaka Pankaj Saran on Wednesday urged the government of Bangladesh to lift the ban imposed on hilsa export to India. The Indian diplomat conveyed the request to fisheries and livestock minister M Sayedul Haq during a meeting held at the latter’s secretariat office.

Govt Securities Banks, NBFIs asked to extend support to individual investors Bangladesh Bank on Wednesday asked the scheduled banks and non-bank financial institutions to extend sufficient cooperation to the individuals willing to invest in the government securities. To this end, the BB issued a circular to managing directors and chief executive officers of all banks ... Read more

DSE Polls 8 member-shareholders submit nomination papers Eight member-turned-shareholders of the Dhaka Stock Exchange have submitted their nomination papers to the election commission of the bourse to vie for four director posts. DSE officials said the polls would be held on February 12. The successful candidates with nine other directors — seven

Turnover rises to 2-month high Dhaka stocks continued to rise on Wednesday with turnover rising to a two-month high and the DSE’s key index climbing to its fresh high at 4,640.55 points since its inception last year as the recent upward trend lured the investors who were inactive for a long time. The benchmark general ... Read more

Facebook’s growth will eventually come to a quick end, much like an infectious disease that spreads rapidly and suddenly dies, say Princeton researchers who are using diseases to model the life cycles of social media, reports US-based Time magazine’s web site. Disease models can be used to understand