Business

DSEX lowest since August 5 Dhaka stocks declined for the third trading session on Monday with a decreased turnover as the unease prevailing in the political frontier dejected the investors. DSEX, the benchmark general index of Dhaka Stock Exchange, lost 0.64 per cent, or 25.07 points, to close at 3,857.25 points, lowest since

The Institute of Chartered Accountants of Bangladesh on Monday said the National Board of Revenue should be more careful in promulgating any provision under its act or ordinance so that it would not contradict the financial reporting framework. The ICAB made the plea at its members’

The International Monetary Fund on Sunday said that Bangladesh’s GDP growth would be less than 6 per cent in the current fiscal year 2013-2014 because of the unrest and political uncertainty ahead of national elections. ‘Unrest and political uncertainty in the run-up to the elections are affecting economic activity by disrupting supply and curbing

The Bangladesh Telecommunication Regulatory Commission has recently changed the broadband wireless access service guideline after Bangladesh Internet Exchange Limited, an internet service provider, applied to the commission for a WiMax licence, said commission officials. BIEL, a subsidiary of Russian company Multinet,

South Korea has offered duty concession for 13 products of Bangladesh in entering its market under Asia Pacific Trade Agreement, commerce ministry officials said on Sunday. In exchange, the country has sought duty benefits for its eight products in entering the Bangladesh’s market, they said. The 42th meeting of standing

Nobel laureates sometimes display as much ingenuity when deciding how to spend their prize money as they did on the work that won them the award in the first place. When Paul Nurse won the Nobel Prize for Medicine in 2001, he decided to upgrade his motorbike. A fellow winner in 1993, Richard Roberts, installed

Bangladesh Garments Manufacturers and Exporters Association leaders on Sunday expressed their concern over shifting of orders to India and Vietnam. India is the giant competitor of Bangladesh and the country (India) is getting benefit of 27.91 per cent currency devaluation which is one of the big challenges

The Bangladesh Securities and Exchange Commission has rejected the rights share offers of Aramit Cement and Republic Insurance as the companies failed to comply with the rules. According to the Dhaka Stock Exchange’s web posts on Sunday, the BSEC did not approve the rights offers of Aramit Cement and Republic Insurance as

Dhaka stocks declined for the second trading session on Sunday with the benchmark general index DSEX plummeting to a two-month low as fear of political unrest demoralised the investors. The DSEX lost 1.67 per cent, or 66.11 points, to finish at 3,882.33 points, which was the lowest since 3891.97 points recorded on August 5.

There are 33,57,519 individuals and business establishments using Tax Identification Number as of September 30. Finance minister Abul Maal Abdul Muhith on Sunday said this at the Jatiya Sangsad while replying to a question of treasury bench member Moazzem Hossain Ratan. The minister informed the House that some

ONE Bank has launched its OK mobile banking service for Grameenphone customers to facilitate mobile banking. ONE Bank chairman Sayeed Hossain Chowdhury and GP chief executive officer Vivek Sood jointly inaugurated the service at GP House in the city recently, said a press release. An OK Mobile Banking customer with

The two-day ‘Entrepreneurs’ Haat (market place)’ organised by Bangladesh Open Source Network and Bangladesh Association of Software and Information Services began at the Women Voluntary Association auditorium at Dhanmondi in Dhaka on Sunday. Dhaka Chamber of Commerce and Industry

Local manufacturers worried Local garment manufacturers are worried as the apparel export of India has surged in the last few months as the competitiveness of manufacturers of the neighbouring country increased due to depreciation of the Indian rupee and Bangladesh factory safety concerns. India exported garment products worth $6 billion

The Bangladesh Bank’s project of the National Payment Switch is hanging in the balance due to a dispute between the central bank and the system implementing company Singapore-based Infotech Global Pte. Due to the dispute, 11 commercial banks, which have completed all preparations to be included in the NPSB, are yet to join with the ... Read more

The Bangladesh Telecommunication Regulatory Commission has initiated a move to introduce revenue sharing for the internet service providers which have spectrum allocation. At present 11 ISP operators have around 75MHz of spectrum allocation, mostly in 3500MHz band, but those only pay licence renewal fees to the BTRC,

Organises expect more int’l buyers this year The three-day Bangladesh Apparel and Textile Exposition-2013 will begin on October 10 in Dhaka against the backdrop of two apparel factory disasters — Tazreen Fashions fire last year and Rana Plaza collapse this year. Organisers of the fair, however, expect that more international buyers would attend the exposition ... Read more

“Our currency Taka is the big symbol of our Independence. It reminds the Language Movement and the War of Liberation,” the Speaker of the Jatiya Sangsad Dr Shirin Sharmin Chowdhury  said while inaugurating a new museum “Taka Jadughor” as chief guest  at the Bangladesh Bank Training Academy (BBTA),

Dhaka stocks declined last week, second week in a row, with a significant decrease in turnover as investors preferred a ‘wait-and-see’ policy amid unease on the political front. The benchmark general index of Dhaka Stock Exchange, DSEX, closed at 3,948.44 points on Thursday, shedding 1.62 per cent or 64.93 points in the week.

The Export Promotion Bureau’s annual showcase, the month-long Dhaka International Trade Fair, will kick off on January 1 next year bringing a host of local and international manufacturers and retailers under a single roof, or in this case the same patch of open sky. The 19th edition of the fair organised by the commerce

The price of soya bean oil decreased by Tk 20 a litre in last three months but most of the consumers are not getting this facility as the tagged prices, in most cases, remain high. Most of the small shop owners, even some of the mega shops, have been ignoring the decreasing price and retailing ... Read more