Business

The government has formed an 18-member high-powered delegation to attend the upcoming 9th WTO (World Trade Organisation) Ministerial Conference to be held in Indonesian resort city Bali on December 3-6. Commerce Minister GM Kader will lead the delegation at the multilateral trade talks. Prime Minister Sheikh Hasina has approved the composition

The National Board of Revenue on Thursday extended the deadline for submission of income tax returns by individual taxpayers by one more month to December 1 due mainly to poor response from the taxpayers in filing the returns within the time limit. The NBR in its decision, however, said that

Dhaka stocks advanced on Thursday, the last trading session of the week, after just a day in the red as a number of institutional investors kept the market afloat. The benchmark general index of Dhaka Stock Exchange, DSEX, finished at 3,967.72 points, adding 0.55 per cent, or 21.71 points. DS30,

Demutualisation DSE holds postponed EGM tomorrow The Dhaka Stock Exchange on Thursday announced that the postponed extraordinary general meeting for passing the bourse’s demutualisation scheme would be held tomorrow. On Tuesday the DSE called off the EGM scheduled to be held on the day following a stay order from the High Court on Monday. The High ... Read more

Unilever has been ranked as the Number 1 Employer of Choice in the FMCG sector by an independent survey conducted by LinkedIn, said a press release. In the overall, cross-industry race, Unilever emerged third, right after tech giants Google and Apple; beating last year’s favourites Facebook and Microsoft.

The shipbuilding industry is anticipating a pick-up in fortunes as interests from international buyers have resumed after several years with the recovery of global economy. “Interested parties are communicating with us, which is always a good sign. We are expecting orders in the first quarter of next year,” said Md Sakhawat Hossain,

The government is going to start negotiations with Turkey soon for signing a free trade agreement with the country, commerce ministry officials said. In this regard, the ministry on Wednesday finalised the draft framework of the agreement for carrying out negotiations with Turkey on the proposed FTA,

Online Transaction Banks must give clients instant SMS, email Bangladesh Bank is going to make mandatory for the scheduled banks to provide the clients with instant alert service with short text message and email on every online transaction, said officials of the central bank. The BB has already asked the banks to take necessary measures in ... Read more

The securities regulator has plans to introduce measures including KYC (Know-Your-Client) criteria for share investors, getting access to their bank accounts by the regulator and establishing a Clearing and Settlement Organisation to comply with the international best practices. The planned move, despite being sensitive in

Rights activists and labour leaders yesterday called for trade unions at all garment factories to give the workers a platform to ensure their rights. They also favoured a system of determining the minimum wages for garments workers by considering the cost of living, and not just by taking food

Mobile operator Robi Axiata yesterday announced the launch of its 3.5G services for its customers at select areas in Dhaka, Chittagong and Sylhet. Robi customers can now enjoy much faster online services like viewing multimedia content, playing games and downloading files with the 3.5G technology,

Many of the factory owners in Bangladesh do not want trade union and they even create obstacles so that trade union rights cannot be established, US ambassador in Dhaka Dan W Mozena said on Wednesday. Trade union rights have to be established if the country wants to regain the Generalised System of Preferences in the ... Read more

Dhaka stocks declined on Wednesday after three sessions on the up as the investors opted to sell shares amid uncertainty over a consensus between the ruling party and the opposition. The benchmark general index of Dhaka Stock Exchange, DSEX, slid to 3,946.01 points, shedding 1.08 per cent, or 43.12 points. DS30, the blue-chip

The bourse to set fresh date today The High Court on Wednesday withdrew its order of injunction on the holding of the Dhaka Stock Exchange’s extraordinary general meeting scheduled for Tuesday last. The bench of Justice Mamnoon Rahman passed the order after accepting the prayer of DSE member Ahmed Iqbal Hasan for withdrawing

Banglalink Digital Communications and Mercantile Bank recently signed an agreement to jointly launch MY CASH, a mobile banking service through the Banglalink network, said a press release. The commercial launch of MY CASH service is expected very soon, it added. This will enable Banglalink subscribers with

Mohammad Masoom has recently joined Mercantile Bank as its deputy managing director, said a press release. Prior to this appointment, he was a senior executive vice-president at National Bank. A former student of University of Dhaka, he started his career with AB Bank in 1985. He has also worked for Southeast Bank and Trust Bank.

Implementation of the annual development programme was tardy as the government ministries and agencies could spend only 11 per cent of the programme in the first quarter of the current fiscal year, according to data released on Tuesday by the Implementation, Monitoring and Evaluation Division of the planning ministry. The ADP implementation rate declined

An Indian company, appointed by the Power Development Board, has found little potential for tapping wind power for electricity generation at two important locations alongside the sea shore, officials said. Regent Powertech found an average wind flow with less than 5 kilometres per hour speed at Muhuri Dam point of Shonagazi in Feni and at Mognama ... Read more

Export to India declined by 29.42 per cent to $91.75 million in the first quarter of the current fiscal year from that of $129.99 million in the same period of the FY 2012-13 due to deprecation of the rupee against the US dollar, exporters and experts said. The Export Promotion Bureau data showed that the export ... Read more

Bangladesh Bank on Tuesday introduced a school banking policy in a bid to disseminate financial inclusion across the country and encourage the students to develop a habit of saving money. To this end, the BB on the day issued a circular to managing directors and chief executive officers of all the scheduled banks saying that ... Read more