Business

Finds DSE investigation CVO Petrochemical Refinery Limited, previously known as Chittagong Vegetable, has awarded illegally at least 1.40 lakh bonus shares worth around Tk 12.27 crore to an individual, a Dhaka Stock Exchange investigation found. Delower Hossain, a client of Lanakabangla Securities under client code G1823, in 2011 and 2012 got 1.40 lakh bonus shares of ... Read more

Dhaka stocks advanced on Sunday, the first trading session of the week, after a two-day fall amid optimism that the United Nations assistant secretary general’s moves might break the current political stalemate. DSEX, the benchmark general index of Dhaka Stock Exchange, finished at 4,302.56 points, adding 0.58 per cent or 25.17 points. DS30, the blue-chip

Michael Kuehner, the outgoing chief executive of Robi, said the voice market in Bangladesh is stagnating while the data market is booming. “Voice revenue is flattening out whereas data market growth is really fast in Bangladesh, although the use of data is still very low.” Kuehner,

Urges Milk Vita Milk Vita has urged the opposition alliance to keep milk carrying vehicles free from general strike and transport blockade programmes. In a news release on Saturday, Milk Vita managing director Mohammad Munir Chowdhury said, ‘Despite the obstacles [caused by the ongoing blockade] initiatives have been taken to continue milk supply considering

The inauguration ceremony of Walton’s mobile phone distributor showroom named ‘Walton Mobile Smart Zone’ with the utmost collection or Walton smartphones and feature phones took place at Baitul View Tower, Pallan in the city recently. Ilias Kanchan, famed celebrity, and executive director of Walton inaugurated the showroom by cutting a ribbon. In

Meghalaya is keen to set up 22 more border ‘haats’ (markets) along the India-Bangladesh border to create economic opportunities for the people living along it, reports Times of India. The haats, once thriving centres of trade and commerce, were shut down after the creation of Bangladesh in 1971. Meghalaya chief minister Mukul Sangma said: ‘We have

Disbursement falls Defaulted loans in the industrial sector increased by 51.55 per cent in the first quarter of this fiscal year from that of the same period of the FY 2012-13. According to the BB data, the defaulted industrial loans stood at Tk 16,008.46 crore in July-September of the FY14 against Tk 10,562.89 crore

4 private-owned jute mills closed down The country’s jute industries, specially the private sector jute mills, are passing through a crucial juncture mainly due to frequent hartal, blockade and political instability which are seriously affecting productions in mills and factories. According to industry sources, about four private jute mills have already closed down their operations ... Read more

Scientists at the Bangladesh Agriculture Research Institute (Bari) claim that the adoption of organic farming can become the major solution to improve the soil alongside ensuring the farmholders with better profit margin and consumers with the quality food. Began in 2006, a field trial of organic farming over 33 decimal land at Bari has led ... Read more

The price of onion hit Tk 120 a kilogram again on the retail markets in the city due to a supply chain disruption across the country amid non-stop blockade enforced by the opposition political parties. After a month-long volatile situation in the onion market, the price of the item had showed a downtrend two weeks ago ... Read more

Protest Against Political Unrest Business leaders to join human chain today In a rare move, top business leaders will join today a human chain in front of Karwan Bazar office of the BGMEA at 11:00am, calling the country’s politicians to end the conflicting politics to save the economy. ‘We’ll give a strong signal to our politicians ... Read more

Finds CSE investigation Bangladesh Building Systems, which has recently been listed with the Dhaka and Chittagong stock exchanges, has violated rules in using its initial public offering proceeds of Tk 14 crore, a Chittagong Stock Exchange investigation found. The CSE probe report submitted recently to the Bangladesh Securities and Exchange Commission said that Bangladesh

Twitter Inc is tying up with a Singapore-based startup to make its 140-character messaging service available to users in emerging markets who have entry-level mobile phones which cannot access the internet, reports Reuters. U2opia Mobile, which has a similar tie-up with Facebook Inc, will launch its Twitter service in the first quarter of next year, chief

The overall point-to-point inflation in all indexes rose significantly in November than that of October due mainly to nonstop blockade and frequent hartals enforced by opposition parties and the ongoing political unrest in the country, officials of Bangladesh Bureau of Statistics said on Thursday. They said that point-to-point inflation, food inflation

Despite special police protection only 30 per cent export goods have been carried from Dhaka to Chittagong port for shipment as most exporters showed little interest to send their products in fear of arson attacks on the highway during the 131-hour blockade. Exporters, mainly garment manufacturers, said they were not fully confident on the law enforcement ... Read more

Labour Unrest In Rmg Sector US, EU retailers diverting orders from B’desh to India: report The labour unrest in the readymade garments sector in Bangladesh has put Indian apparel exporters in an advantageous position, reports Times of India. The US and EU are diverting orders from Bangladesh to India to meet their apparel requirements for ... Read more

Bangladesh Bank on Thursday asked scheduled banks to keep open all their branches today (Friday) as they were facing a severe problem to conduct their regular banking operation due to staggering blockades in the last five working days. BB officials told New Age that the central bank had taken the decision so that the banks would ... Read more

The Dhaka Stock Exchange on Thursday extended the suspension of trading of shares of CVO Petrochemical Refinery for the fifth time as the Bangladesh Securities and Exchange Commission is yet to take any action against the manipulators behind the recent unusual price hike of the company’s shares. ‘The suspension has been extended by

Demutualisation DSE distributes shares to member-brokers Keeps 108 crore shares for IPO The members of the Dhaka Stock Exchange, who turned into shareholders of the bourse after its demutualisation, has received 40 per cent or 72.15 crore shares of the bourse as per the demutualisation scheme and the rest 60 per cent or 108.22 crore ... Read more

Dhaka stocks declined for the second trading session on Thursday, the last trading session of the week, as the uncertain political situation and violence surrounding the next polls dejected investors. The benchmark general index of Dhaka Stock Exchange, DSEX, declined to 4,277.39 points, shedding 0.39 per cent or 16.83 points. DS30, the blue-chip index of the DSE, ... Read more