Business

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

Bangladesh’s export to Turkey crossed $1 billion in 2013, said a Turkish government report on Wednesday although Bangladesh Export Promotion Bureau’s data showed that the export earning was about $800 million during the period. A Turkish Statistical Institute report, circulated by the Bangladesh foreign ministry, showed that Bangladesh’s export to Turkey

The government on Wednesday appointed the Bureau of Research, Testing and Consultation to supervise the construction works of the effluent treatment plant and dumping yard at the proposed new tannery estate at Savar. The BRTC under the Bangladesh University of Engineering and Technologies was appointed by the cabinet committee on economic affairs.

The National Board of Revenue has said interest generated from the wage earners development bonds purchased before July 2011would not be taxable. Officials of the NBR said investors would get the waiver irrespective of their date of cashing. The revenue board on Tuesday issued a clarification in

Factory Inspection Standard RMG makers unhappy over buyers’ new conditions Garment sector leaders are concerned over the imposition of new conditions in factory inspection standards by the EU and North American retailers’ groups bypassing the decision of the National Tripartite Committee (NTC). Earlier, the two platforms of EU Accord and North American Alliance agreed to adopt ... Read more

The ministry of finance estimated that the growth of the country’s gross domestic product would not drop below 6.5 per cent in the current fiscal year, said the ministry officials. The macro wing under the ministry was going to submit the provisional assessment before the coordination committee on macro-economy and budget