Business

Dhaka stocks advanced last week, four weeks in a row, with a sharp increase in the turnover because of an increased participation of foreign investors. The daily average turnover of Dhaka Stock Exchange increased to Tk 696.79 crore from that of Tk 474.32 crore in the previous week. Market

United Commercial Bank Saturday launched UCash, a mobile financial service of the bank aiming to provide the unbanked population of the country with banking service and facilities. UCB chairman MA Hashem inaugurated the service at a programme held at the Pan Pacific Sonargaon Hotel in Dhaka, said a press release. The

A significant amount of over Tk 112.68 crore in outstanding dues remain unrealised in the Dhaka zone and Tk 3.56 crore in Chittagong and Sylhet zones, over Tk 2.12 crore in Rajshahi zone, and Tk 3.12 crore in Khulna and Barisal zone Dhaka, Nov 22: The government is likely to lose revenue of nearly Tk 1.22 ... Read more

Farm Loan Disbursement 11 banks cut a sorry figure in 4 months Eleven commercial banks distributed less than 10 per cent of their annual targets of agricultural loan disbursement in the first four months of the current fiscal year. According to the Bangladesh Bank data released last week, the 11 banks are Citibank NA that ... Read more

Three companies listed with the stock exchanges have failed to submit their quarterly reports in stipulated time, violating a Bangladesh Securities and Exchange Commission’s notification. A BSEC notification issued on September 2009 asked the listed companies to submit third quarterly report with next 30 days of the period.

Vegetable prices remain high in Ctg The prices of broiler and garlic increased on the kitchen markets in the Dhaka city over the week ending Friday. Traders said that the price of broiler went up due to an increased demand and that of garlic due to an off-seasonal supply shortage. The price of broiler increased by ... Read more

Rmg Factory Inspection American, European retailers agree on common standards EU Accord, North American Alliance and National Tripartite Committee, the three initiatives to ensure fire and building safety in the readymade garment sector in Bangladesh, on Thursday signed an agreement on common standards for the safety assessment in the garment factories. After completing some minor modifications ... Read more

The government found it difficult to get foreign loans and grants as both commitments and disbursement by the international lenders and development partners showed a declining trend over the months of the current fiscal year of 2013-14, officials of the Economic Relation Division said. They said that commitments to provide loans and grants to Bangladesh and

They have to form first board within 90 days The Dhaka and Chittagong stock exchanges on Thursday turned into demutualised bodies as the bourses on the day received their amended memorandum and articles of association certified by the Registrar of Joint Stock Companies and Firms. According to the Demutualisation Act 2013 passed by the parliament on ... Read more

Bangladesh Bank has asked the non-government and non-profit organisations to send suspicious transaction reports to the central bank to prevent money laundering and terrorist financing. To this end, the BB issued a guidelines and a circular to chief executives of all NGOs and NPOs on Wednesday in accordance with the Money

The government is going to start formally inspection to the readymade garment factories, which are not to be inspected by the American and European retailers’ groups, from today to ensure fire, electrical and building safety in the industrial units. The International Labour Organisation

Electronic payments in Bangladesh may increase 20-fold over the next five years following increasing trisection through mobile phones and the government effort to include people into formal financial system, said the MasterCard Inc on Thursday. ‘Mobile may actually be the place where payments take over in Bangladesh. Enabling mobile payment solutions is what

The commerce ministry on Thursday sought police protection for transporting essential commodities across the country amid political unrest and vandalism of goods carrying vehicles in recent days, officials said. They said that the ministry requested the home ministry for arranging police protection for trucks carrying essential products to different parts

Bangladesh Bank on Thursday expressed dissatisfaction over the increase in defaulted loans at the BASIC Bank in July-September quarter even after the bank had signed a deal with the central bank to reduce the non-performing loans in July. The BB also asked the state-owned bank

Dhaka stocks declined on Thursday after gains in the previous six trading sessions as investors, fearing fresh political unrest in the next week, went for profit-taking sell-offs. The benchmark general index of Dhaka Stock Exchange, DSEX, dropped to 4,395.93 points, shedding 0.98 per cent or 43.66 points. The

The government will send chief executive officers and chief administrative officers (of some leading IT companies to Hong Kong to develop their skills on conducting business and managing human resources of IT industry. A group of 25 CEOs and CAs will leave Dhaka for Hong Kong to participate in a 12-day-long training programme on Strategic Thinking ... Read more

The finance ministry is set to inject Tk 4,100 crore soon into four state-owned commercial banks to make up their soaring capital shortfall, a top finance official said. The SCBs would be liable to carry a string of operational measures to improve their financial portfolios as a pre-condition to have the fund disbursed

Economic growth not backed by job scenario: UNCTAD The country’s employment shifting from agriculture to industry and service sectors fails to ensure quality job which is a drawback to sustainable economic growth, said the Centre for Policy Dialogue on Wednesday in Dhaka while presenting the UNCTAD report 2013 on the least developed countries. The LDCs, including ... Read more

46 enterprises get Nat’l Export Trophy Prime minister Sheikh Hasina has asked the RMG factory owners to consider what the labour leaders want that will stop the ongoing anarchy in the sector. ‘Some labour leaders are fuelling the agitation from behind. I will request you (RMG owners) to consider what the labour leaders want to ... Read more

Says the move to help clients select better banks Bangladesh Bank will rate the customer services of the scheduled banks to help clients’ select better banks in getting banking services, said officials of the central bank, said officials of the central bank. The BB asked the banks to make separate customer service guidelines in a bid ... Read more