Business

Jobs In Malaysia Workers need to pay Tk 5,000 more for airline change The migration cost of a Malaysia bound worker will increase by Tk 5000 due to change of airliners in February, according to Bureau of Manpower, Employment and Training. The BMET has recently taken a decision in principle that Bangladeshi workers would be ... Read more

Stock Market Manipulation Judge appointment to special tribunal awaits SC nod The appointment of the judge to the first-ever special tribunal to deal with the cases for stock market manipulation is awaiting Supreme Court approval. The law ministry in January sent a proposal to the Supreme Court for appointing Mustafizur Rahman, a district judge now ... Read more

The country’s trade deficit decreased by 58.28 per cent in the first half of the current financial year compared with that of 34.13 per cent fall in the same period of the FY13 due to a rise in exports against negative growth in imports. According to the latest BB data, the deficit narrowed to $1.53 billion ... Read more

Worker leaders welcome the move, owners concerned The government is going to set up a hotline soon for factory workers so that they can inform it any concern about possible fire, building safety and worker rights. The government says it has taken the initiative as per the requirement set by the international buyers but factory ... Read more

The National Board of Revenue has lowered tariff value of machine-made bricks by more than 33 per cent in a bid to encourage production of environment friendly bricks in the country, officials of the revenue board said. They said that the revenue board took the decision to discourage production of bricks in traditional brick kilns which ... Read more

Lack of strong policy and surveillance as well as earning of huge amount of illegal money in short time are responsible for illegal call termination, said telecom experts at a discussion in Dhaka on Saturday. In addition, unhappy politics and dishonest employees of the government are also contributing to increasing illegal use of call termination, commonly ... Read more

Dhaka stocks advanced last week, six weeks in a row, with the DSE’s key index hitting another fresh high of 4,845.09 points since its launch as investors continued to inject fresh funds, anticipating further rise in share prices amid increased foreign investments. The key index of the bourse, DSEX, increased by 1.93 per cent, or 91.92 ... Read more

The US Chamber of Commerce on Friday called on the government to ratchet up pressure on India over intellectual property rights, in a move that could help prevent Indian companies from producing cheap generic versions of medicines still under patent protection, reports Reuters. In a submission to the Office of US Trade Representative, the Chamber of ... Read more

To also direct NBFIs, money changers to get ready by Dec All branches of scheduled banks, non-bank financial institutions and money changers will have to complete preparation by this year in submitting their monthly financial data to Bangladesh Bank in a bid to avoid financial scams and corruption, said officials of the central bank. As ... Read more

Stocks Refinance Scheme Supervision body to seek MoF nod for waiver of 2 conditions The supervision committee for Tk 900-crore government refinance scheme for the affected small investors has decided to seek permission from the Ministry of Finance for waiver of two conditions applicable for release of loans. The conditions are: all sponsor-directors personal guarantee against ... Read more

The Dhaka International Trade Fair 2014, which began on January 11, drew a large number of visitors on Friday, the last weekend before the end of the country’s biggest trade fair. The month-long trade fair ends on February 11 (Tuesday). Visitors, particularly youths, flocked the ticket

The prices of mutton, broiler and vegetables increased on the retail markets in the city over the week ending Friday due to supply shortage, traders said. The price of mutton increased by Tk 30-Tk 50 a kg and was selling at Tk 480-Tk 500 a kg over the week in the city. ‘The the price of ... Read more

Qatar Airways recently welcomed the Airbus A350 XWB as it made its first-ever landing at Qatar’s Hamad International Airport before departing for its next stop, the Singapore Airshow. Qatar Airways chief executive officer Akbar Al Baker welcomed Didier Evrard, executive vice-president of Airbus A350 XWB Programme, and Phil Harris,

Private sector credit growth hit a 14-and-a-half-year low at 10.60 per cent in December last year due to political unrest, poor infrastructure and unfriendly policies, said experts. According to the Bangladesh Bank data released on Thursday, the credit growth in the private sector slumped to 10.60 per cent in December 2013

Revises GDP growth at 6.5pc in FY14 The government is going to compromise with the development budget as it has decided to cut the annual development programme by 16.5 per cent in the current fiscal year, officials said. A meeting of the coordination council on the country’s macro-economy and budget took the decision on Thursday, ... Read more

She says food security comes first The government has decided that it would not go for coal extraction from any new field. Officials of power, energy and mineral resources ministry said that prime minister Sheikh Hasina at a meeting with the senior officials of the ministry at its conference room on Thursday gave the instruction. Sheikh Hasina, ... Read more

Dhaka stocks advanced on Thursday, the last trading session of the week, following media reports that the overseas investors increased their participation in the trading which made investors optimistic. The key index of Dhaka Stock Exchange, DSEX, advanced by 0.69 per cent, or 33.59 points, to close at 4,845.08 points on the day. DS30, the blue-chip index ... Read more

Another brand new Boeing aircraft of Biman Bangladesh Airlines will arrive in Dhaka today. The new guest to the fleet of the national flag carrier, Boeing 777-300ER left for Dhaka from Seattle of the US Thursday and will reach Hazrat Shahjalal International Airport at 12 noon today, said a press release. The new Boeing will operate under ... Read more

The overall point-to-point inflation increased for the third month in January by 0.15 percentage points to 7.50 per cent from December due mainly to a hike in house rent in the first month of the new year. Officials of Bangladesh Bureau of Statistics on Wednesday said although food inflation declined in January, rise in the prices ... Read more

Sim Replacement Tax Dispute NBR blames telcos, BTRC for non-coop in report finalising The National Board of Revenue has blamed four mobile phone operators and the telecom regulator for non-cooperation in preparing the final report on settling the Tk 3,062-crore SIM replacement tax claimed from the operators.m The NBR said the four mobile operators and the ... Read more