Month: February 2014

23 banks fail to keep the gap at required level Interest spread rate in the banking sector crossed five percentage points in December last year as 23 scheduled banks failed to maintain the rate in accordance with the central bank’s directions. According to the latest BB data, the overall interest spread, the gap between the ... Read more

The prices of egg and edible oil increased on the retail markets in the capital over the week ending Friday. Traders said the price of egg increased by Tk 2 a hali (four pieces) due to a supply shortage and that of palm oil rose by Tk 3 a litre as mill owners raised the price ... Read more

The first demutualised board of Dhaka Stock Exchange on Friday elected former justice Siddiqur Rahman Miah as chairman of the bourse for a three-year term, DSE officials said. Siddiqur is an independent director of the DSE. The 12-member board on the day elected

India may allow vehicles from Bangladesh to enter and ply its territory when they bring goods, to improve bilateral ties and facilitate trade by reducing freight costs and decongesting borders. Indian commerce department has now proposed a unilateral offer, government officials said, reports the Economic Times. The commerce department

The government has decided to bring its 18,000 offices at upazila and district levels under a single internet network by June next year, using fibre optic and microwave connectivity of Bangladesh Telecommunications Company Limited. Officials said that the decision came at a meeting of the steering committee of Infosarkar project held at the conference room of

Misuse Of Transfer Pricing NBR forms cell to stop capital flight by MNCs After 18 months of incorporation of transfer pricing provision in the law, the National Board of Revenue has at last taken a move to make the provision operational as it has formed a cell to prevent tax evasion and capital flight mainly ... Read more

Drops CPD’s Mustafiz from DSE list The Bangladesh Securities and Exchange Commission on Thursday selected seven independent directors to form first demutualised board of the Dhaka Stock Exchange from the list of 14 submitted by the bourse, dropping the name of Centre for Policy Dialogue executive director Mustafizur Rahman. The BSEC made the decision at an ... Read more

The National Board of Revenue has found gross irregularities in documentations for replacing SIM by the country’s four major mobile phone operators. An investigation of a committee of the country’s revenue authorities revealed around 79 per cent of the documents submitted for replacing SIM do not

Many of the customers of the mobile financial service provider, bKash, across the country faced trouble in the last two days as they failed to transfer money using its service after the company started upgrading its network without giving any prior notice. bKash customers and agents alleged that they could not transfer money on Wednesday and ... Read more

The Bangladesh Bank on Thursday said that all scheduled banks will keep open their branches at 83 upazilas under 42 districts on Saturday for elections purposes. The central bank issued a circular on the day directing the banks to keep the branches open in those selected areas with proper security for receiving

Dhaka stocks ended flat for the second trading session on Thursday, the last trading session of the week, with a decreased turnover due to a lower participation of institutional investors. The benchmark general index of Dhaka Stock Exchange, DSEX, finished at 4,759.32 points, shedding 0.09 per cent or 4.38 points. DS30, the