Business

Upcoming Wto Ministerial Experts seek time line for full DF-QF facility for LDCs Trade expert from across the globe on Saturday demanded that the ninth WTO ministerial meeting should stipulate a specific time line for full implementation of duty- and quota-free facility for the least developed countries in the market of the developed countries. At ... Read more

The country’s terms of trade have deteriorated and likely to worsen further if radical actions are not taken, local think-tank Unnayan Onneshan has said. The value of exports relative to that of imports reached at 70.1 per cent in the financial year 2011-12 from 70.8 per cent in the FY11, it said in an economic ... Read more

The central bank has introduced a new tool with which both policymakers and consumers will be able to get information on the financial services available in different parts of the country. Bangladesh Bank Governor Atiur Rahman yesterday launched the web portal, Digital Map of Financial Services in Bangladesh, at a function at

M bankers, stockbrokers say tough conditions hold them back Only one stockbroker of the Dhaka Stock Exchange, Greenland Equities Ltd, has applied to the Investment Corporation of Bangladesh for loans under the government’s capital market refinance scheme after two months of invitation for applications because of tough loan approval conditions. The ICB in September 3 formed ... Read more

Country’s leading mobile phone company Grameenphone is getting around 1,000-1,200 3G customers a day since the commercial launch of the third-generation services in some areas of Dhaka and Chittagong on October 8, said GP chief executive officer Vivek Sood. ‘We did not expect many 3G subscriber initially

Dhaka stocks declined last week, for the fourth week in a row, with a plummeting turnover as intense political tension drove the panicked investors to sell-off shares. The benchmark general index of Dhaka Stock Exchange, DSEX, lost 1.15 per cent, or 44.28 points, to finish at 3,799.27 points last week.

City Bank and American Express on Saturday announced the launch of the City Bank American Express Platinum Credit Card. The Card, issued by City Bank, will bring with it a whole array of services and benefits for the affluent and high net worth individual customers in Bangladesh, said a press release. The benefits of the card include ... Read more

Accord, Alliance, National Committee to hold meeting Nov 6-8 Readymade garment factory inspection by three parties — the European Accord, North American Alliance and National Tripartite Committee — could not be started yet as the parties could not agree on a common checklist on fire and building safety six months after the Rana Plaza collapse. ... Read more

The country’s overall import increased significantly in September over the corresponding month of 2012 mainly due to higher import of foodgains—particularly rice and wheat. According to the latest data of Bangladesh Bank, the settlement of letters of credit, generally known as actual import, registered a growth of 8.37 per cent

The prices of vegetables went up on the capital’s kitchen markets over the week ending Friday due to lower supply after Eid-ul-Azha. Onion price remained high but the price of green chilli decreased on the kitchen markets. The early harvested winter vegetables have started to come in the market with high prices. Besides, the prices of most ... Read more

The profit of Grameenphone, the country’s leading mobile phone operator, declined by Tk 210.86 crore or 16.44 per cent in January-September period of the present year compared to the same period of the previous year. The profit declined as the company made a large amount of payment to the government during the period, GP officials said. A ... Read more

The government has taken an initiative to enhance the fertiliser storage capacity of the godowns of the Bangladesh Agricultural Development Corporation through renovating the existing ones alongside building some more steel godowns. The Executive Committee of the National Economic Council recently approved a project to this end titled

Finance ministry revises regulations governing NSCs The finance ministry has revised existing regulations governing the national savings certificates through lifting the current investment limits in the national savings tools and accepting those as collaterals against bank loans. Finance Minister AMA Muhith approved the new rules on Sunday to attract savers and boost the sales of savings ... Read more

CPD, ICTSD discussion told Economists and businesspeople on Thursday demanded that the international lenders and development partners should provide unconditional assistance under ‘aid for trade’ initiative as such aid tagged with different conditions had made almost no impact on improvement in the Bangladesh’s trade capacity. At a dialogue on ‘aid for trade: second generation

Dhaka stocks plunged on Thursday, last trading session of the week, because of panic selling amid intensified tension on the political front. DSEX, the benchmark general index of Dhaka Stock Exchange, declined to 3,799.27 points, shedding 2.17 per cent or 84.59 points. The blue-chip index

About seven lakh Bangladeshi workers in Saudi Arabia were brought under the legalisation process during amnesty period that will end on November 3, expatriates welfare and overseas employment minister Khandker Mosharraf Hossain said on Thursday. About 40,000 Bangladeshi workers who

The Bangladesh Securities and Exchange Commission on Thursday decided to issue a fresh circular to remind the listed companies that they were not allowed to offer cash or kind to its shareholders in the annual general meeting but cash dividend or stock dividend, a BSEC release said. During or after the AGM, many listed companies

Envoy Textiles Limited, a listed company on the stock exchanges, has overstated its earning and assets by deviating from different accounting standards, said a Dhaka Stock Exchange report. The DSE management prepared the report on the basis of audited financial statement of Envoy Textiles for the year ended on September 2012.

The 17th general meeting of the Asia Pacific Central Securities Depository Group was held in the city on Monday with the theme ‘Market Booms and Busts Experiences’ focusing on the role of central depositories. Bangladesh Securities and Exchange Commission chairman M Khairul Hossain inaugurated the session where 73 foreign delegates from 16 central securities

Clothing retailer Primark on Thursday announced that it was to provide further compensation to victims of the Rana Plaza collapse that had killed more than 1,000 people in April. Primark, one of many international retailers that were supplied by factories housed within the Rana Plaza complex, said it would pay an extra three months’