Business

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

Interest spread rate in the banking sector continued to decline as the most of the scheduled banks are now enjoying balanced deposit against a lower loan disbursement amid dull business situation in the private sector, said officials of Bangladesh Bank. According to the latest BB data, the overall interest

Potato traders and growers have been facing an embarrassing situation with their huge unsold potato due to less market price in Rajshahi. According to the traders, the huge potato remained stockpiled in 26 cold storages as the owners didn’t lift those due to dull market price and supposed

12 Cos’ Unusual Price Hike DSE asked to submit probe report in 15 days The Bangladesh Securities and Exchange Commission has directed the Dhaka Stock Exchange to investigate within 15 working days the unusual price hike of 12 companies with low capital that witnessed 50 per cent to 150 per cent price hike during September. ... Read more

The Kingdom of Saudi Arabia will recruit maids and drivers from 12 Asian countries, including Bangladesh, as it has been facing shortage of those types of workers recently. The other Asian countries are Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Vietnam, Cambodia, Nepal, Laos and India.