Business

Owners of the poultry farms on Thursday gave away 25,000 one-day old chicks to people and broke around 5,000 eggs on the street in front of the National Press Club in the capital in protest at the losses they have incurred due to the ongoing political unrest. Bangladesh Poultry Industries Coordination Committee,

Dhaka stocks declined for the third trading session on Thursday, the last trading session of the week, with declining turnover as investors anticipated further deterioration in political situation ahead of the election. The benchmark general index of Dhaka Stock Exchange, DSEX, declined to 4,200.96 points, shedding 0.66 per cent or 27.94 points. DS30, the blue-chip

Banglalink, one of the leading mobile telecom operators in the country, launched commercially 3G services in Khulna on Wednesday. The announcement came at a press conference ogranised by the company at City inn Hotel in Khulna, said a news release. Khulna City Corporation mayor Moniruzzman Moni

Experts, exporters fear Experts and exporters fear that the European Union might take negative decision on the trade facilities Bangladesh is enjoying now in the European market in the review in July next year due to the ongoing political violence and threat to democratic process in the country. Besides, experts said, the persistent political

Farm loan performance to be brought under CAMELS ratings Bangladesh Bank has warned eight private commercial banks for their worst performance in disbursing farm loans in the first five months of the current fiscal year, said officials of the central bank. The eight banks disbursed below 10 per cent farm loan of their targeted programme ... Read more

Bangladesh Honda Private Ltd, a joint venture of Japan’s biggest motorcycle manufacturer Honda Motor Company and Bangladesh Steel and Engineering Corporation, has lowered its target of motorbike assembling in the first year by 70 per cent due to ongoing political turmoil, officials said. At a board meeting of the company held on December 23, the

The GSM Association, an international alliance of mobile phone operators, has recently urged the Bangladesh government to reconsider the amendment to broadband wireless access guideline saying it opened 4G technologies to the WiMAX operators in a non-transparent and discriminatory process. In a letter to posts and telecommunications secretary

Stock Market Refinance Scheme Loan approval committee sanctions Tk 65cr The loan approval committee for government refinance scheme of Tk 900 crore for the affected small investors has sanctioned around Tk 65 crore loans for investors, while 99 per cent or 9,41,952 investors are yet to file applications before December 31 deadline. Investment Corporation of Bangladesh ... Read more

Multinational consultancy firm Fernhill Consulting House has recently signed an agreement with Watermark Communication in a city hotel. As per the agreement, Watermark will provide all types of public relation support for Fernhill in Bangladesh and abroad, said a news release.

Shortfall in revenue collection by the National Board of Revenue has reached to a new height of Tk 5,331 crore in the first five months of the current fiscal year due mainly to prolonged political unrest in the country, officials of the National Board of Revenue said. They apprehended that the revenue collection

Bangladesh Telecommunication Regulatory Commission on Sunday introduced slab-based maximum charges for different mobile banking services offered by the mobile phone companies. The BTRC issued a directive which introduced slab-based charging rates for cash-in and cash-out, person to person fund transfer [P2P] and utility bill

The Dhaka International Trade Fair 2014 will begin on January 11 instead of January 1 as it usually happens, a commerce ministry statement said on Tuesday. The Export Promotion Bureau and the commerce ministry jointly organises the fair at Sher-e-Bangla Nagar. The EPB secretary, AFM Manzur Kadir,

The Bangladesh Securities and Exchange Commission on Tuesday approved the initial public offering of Hwa Well Textiles (BD) Ltd to raise fund worth Tk 20 crore for the company’s business expansion. The BSEC issued approval in a regular commission meeting presided over by its chairman M Khairul Hossain. Hwa Well Textiles will float 2 crore ordinary shares

Bangladesh Telecommunication Regulatory Commission on Tuesday blocked operation of four international gateway companies for non-payment of their outstanding dues worth around Tk 100 crore. BTRC officials said the companies are Mos5 Tel Limited, First Communications Limited, SM Communication and Cell Telecom. The BTRC on December 1 had asked

BSEC backtracks on its previous decision The Bangladesh Securities and Exchange Commission backtracking on its previous decision on Tuesday extended tenure for eight mutual funds of the Investment Corporation of Bangladesh by another year to December 31, 2014. Earlier on November 4, the BSEC had allowed ICB to convert the eight mutual funds — First ICB ... Read more

Green Banking Banks asked to form body comprising risk management committee Bangladesh Bank on Tuesday asked scheduled banks to form a high-powered committee comprising risk management committee of directors from the board to review the banks’ environmental policies and strategies for governing the green banking activities. To this end, the BB issued a circular to ... Read more

Dhaka stocks declined for the second trading session on Tuesday amid technical glitch in trading with declining turnover due to investors’ deteriorating confidence in the market, market operators said. ‘We have received several complaints regarding technical problem in trading from different brokerage houses,’ said an official of the Dhaka Stock Exchange.

A government committee on Tuesday approved proposals of 12 private companies to take $85.5 million in loan from foreign sources. Board of Investment Scrutiny Committee for approval of Private Sector foreign borrowing, headed by Bangladesh Bank governor Atiur Rahman, approved

Mobile phone operator Grameenphone on Tuesday launched 3G service for its customers on commercial basis in Barisal. The inauguration programme was held at GP regional office. Barisal city mayor Md Ahsan Habib Kamal was present, said a press release. The 3G coverage are now available at Kashipur Bus Stand,

Bangladesh Bank on Monday relaxed rescheduling policy for all kinds of loans of the businesses who have suffered losses due to the current political unrest for the next six months. The central bank’s move came after the country’s major trade bodies demanded for the support as the businesspeople are now facing dull