Business

The 24th Bangladesh Apparel and Textile Exposition-2013 ended on Saturday with spot order falling as global buyers gave the textile exposition the cold shoulder. Organisers and participants of the three-day event said the turnout of global buyers was thin this year amid political uncertainty and ahead of Durga Puja

The growth of share of the struggling industrial sector in the gross domestic product would decline in the current fiscal year reducing the GDP growth, said a local think-tank Unnayan Onneshan on Saturday. In the September issue of Bangladesh Economic Update, the UO predicted that the growth of manufacturing might decelerate further to 9.22 per ... Read more

The government should improve the quality of public expenditure and ensure equitable distribution of such expenditure among the different income groups of the society for gaining better results, said speakers in a dialogue in Dhaka on Saturday. In the dialogue on ‘Public expenditure accountability

Dhaka stocks decline for three weeks in a row Dhaka stocks declined last week, for three weeks in a row, with decline in turnover as no significant improvement took place in the political frontier which made investors panicky. The benchmark general index of Dhaka Stock Exchange, DSEX, declined by 2.66 per cent or 104.89 points, ... Read more

The prices of onion and green chilli increased on the retail markets in the city last week ahead of Eid-ul-Azha. Traders said the prices of the items rose as the demand for onion increased significantly and the supply of green chilli dropped. Onion price rose by Tk 20 a kilogram over the week ending Friday ... Read more

School banking is gaining popularity in the country as the number of bank accounts opened by the school going children and the outstanding deposit in the accounts increased significantly in the last one year, said officials of the Bangladesh Bank. According to the latest BB data, the number of school

The government plans to bring over one lakh information technology learners under certification by introducing recognition of prior learning, a method of assessment practiced in many countries of the world. The government’s move came at a time when over one lakh IT literate persons especially youths across the country are involved in work with various ... Read more

The government put a ban on catching, transporting and hoarding of hilsa fish for 11 days from October 13 to October 23 across the country to boost its production through protection of mother fish. The government has also decided to curtail the vacation of the fisheries department officials during the hilsa ban period to make ... Read more

The City Bank on Friday launched internet banking service, Citytouch, to facilitate its customers in home and abroad to perform online banking activities without any extra charge. The bank’s chairman, Rubel Aziz, inaugurated the service at the bank’s head office in the city at Gulshan in Dhaka. City Bank managing director and

Unrest In The Run Up To Polls Pvt sector credit growth slows again in Aug Credit growth in the private sector plunged again in August as the businesspeople continued to show a reluctant attitude to expanding their business by taking finance from banks due to the ongoing political unrest, said officials of the Bangladesh Bank. ... Read more

A meeting between the commerce ministry officials and onion traders on Thursday failed to find any solution to stop the soaring prices of onion before the Eid-ul-Azha. The meeting at the ministry also could not come to a conclusion as to why the onion prices were skyrocketing in the local market despite having enough supplies.

The price of onion on Thursday further shot up to Tk 110 a kg on the retail market in the city ahead of Eid-ul-Azha. Traders said that the price of the item has been increasing due to excessive demand for Eid. ‘A supply shortage of onion has taken place in last couple of months as ... Read more

Export Development Fund BB allows textile mills to take up to $12m Bangladesh Bank on Thursday said that member mills of Bangladesh Textile Mills Association and manufacturer-exporters in the garment industrial sector would be able to borrow up to $12 million a year instead of $10 million from the $300 million export development fund of ... Read more

The government has reinstated 10 per cent cash incentive for shrimp export after reducing it to 7.5 per cent in July for the current financial year 2013-2014. A Bangladesh Bank circular issued on Thursday said that the cash incentive against shrimp export would be 10 per cent. In July, the government also

Amnesty deadline expires on Nov 3 About 3.5 lakh Bangladeshi workers in Saudi Arabia have been legalised up to October 10 by taking their passports and other documents from the embassy, according to Bangladesh embassy in Riyadh. The undocumented Bangladeshi workers were in a rush to the embassy in Riyadh to get legalised after the ... Read more

DSE goes into 9-day vacation Dhaka stocks advanced for the second trading session on Thursday, the last trading session before the Eid-Ul-Azha closing, as the sale of shares by retail investors reduced since there was no scope to withdraw funds before the Eid vacation. However, the turnover of the bourse declined

Borrows Tk 9,634cr from commercial banks in 3 months The government has borrowed Tk 9,634.11 crore from the commercial banks in just three months of the current fiscal year keeping an eye on the next national elections, said bankers on Wednesday. According to the latest Bangladesh Bank data, the government’s net borrowing in July-September stood ... Read more

Ranked 135 among 157 countries Bangladesh has been ranked 135 in the ICT Development Index 2012 among the 157 countries hitting the lowest value in the Asia Pacific region, said a report of International Telecommunication Union on Monday. The report titled ‘Measuring the Information Society 2013’ said although Bangladesh moved up by four ranks in ... Read more

The prices of onion on Wednesday witnessed a fresh rise on both retail and wholesale markets in the city due to the sudden increase of demand of the item ahead of Eid-ul-Azha. The retail prices of onion increased by Tk 10-Tk 15 a kg while the wholesale prices increased by Tk 10 a kg. Traders ... Read more

Assisting Jute Sector Businesses BB to launch Tk 100cr refinance scheme The Bangladesh Bank on Wednesday said it would introduce a refinance scheme of Tk 100 crore for giving financial assistance to the jute sector businesspeople in a bid to boost the country’s jute industry. ‘The businesspeople in the jute sector including owners of jute ... Read more