Business

The Dhaka Stock Exchange on Wednesday suspended trading of Imam Button and Meghna Pet Industries for unusual price hike of their shares. The price of Imam Button’s shares rose to Tk 13.4 on Wednesday, whereas it was Tk 7.2 on September 23. On the other hand, the price of Meghna Pet’s

Mobile phone operator Airtel on Wednesday launched 3G service on test-run basis in its Gulshan and Banani offices for the customers to experience the performance of the service. Posts and telecommunications minister Sahara Khatun launched the service at Airtel’s Banani office on the day. Later she used the video call service

After being rejected by Bangladesh Bank (BB), an inter-ministerial meeting on Tuesday decided to allow the proposed Palli Shanchaya Bank (Rural Savings Bank) to function as a Micro-Finance Institution (MFI) to cater to the needs of rural people and their development. The decision has been taken, given the

The parliamentary standing committee on telecom ministry on Tuesday witnessed a heated debate over a proposal to slash the rate of international incoming calls to 1.5 US cents from 3 US cents for gateway operators as some members backed the proposal despite opposition from the ministry. The Bangladesh Telecommunication Regulatory Commission in July

The country’s rawhide traders expect to collect at least 70 lakh pieces of raw hides of sacrificial animals in the coming Eid-ul-Azha which is 15 per cent higher than the last year. They said that that the collection of rawhide may increase by 30 per cent as the general election would be held in a ... Read more

Four state-owned commercial banks have signed revised memorandums of understanding with the Bangladesh Bank in a bid to improve their financial health through mitigating the risks of fraud, said officials of the central bank. A BB official said that the SCBs had submitted the revised MoUs to the BB on September 30 after they were ... Read more

Foreign investment in the Dhaka Stock Exchange declined by 45.53 per cent in September compared with the previous month due to uncertain political situation, market operators said. Net foreign investment in September stood at Tk 84.64 crore as overseas investors bought shares worth Tk 167.54 crore while sold shares worth

Dhaka stocks inched down on Tuesday for the fourth trading session as the turnover declined further amid fears of fresh unrest on the political front after the international crimes tribunal on the day handed BNP lawmaker Salauddin Quader Chowdhury death sentence in the case of crimes against humanity committed during the War of Liberation in ... Read more

Bangladesh Securities and Exchange Commission on Tuesday issued a directive to the Dhaka Stock Exchanges asking the bourse to implement the demutualisation schemes as per the Demutualisation Act. Now the bourse has to publish the demutualisation scheme on its website and in newspapers, distribute the scheme among its member-brokers and publish it as

The Taka Jadughar (currency museum), set up on the second floor of the Bangladesh Bank Training Academy, will be inaugurated on October 5. Speakers of the Parliament Shirin Sharmin Chowdhury will inaugurate the museum. Old currencies starting from the Uari Batesh

The Bangladesh Bank board on Monday approved contingency planning guideline, prescribed by the International Monetary Fund, in a bid to take precautionary measures to ‘protect’ the banking sector from any unexpected crisis, said BB officials. They said implementation of the guideline

The commerce ministry officials at a meeting with parliamentary standing committee on Monday claimed that the reduction of onion price in the country would result in smuggling of the product to India. The standing committee on the ministry, however, did not raise any question about the controversial comment of the ministry officials. Bangladesh meets 25 ... Read more

Economists and development activists on Monday said that the wage rate of the country’s RMG workers was not increasing in tandem with the increase in production and export earning in the sector. They said that an increase in wage of the workers would ultimately result in higher productivity and sustainability of the sector. ‘Although the ... Read more

Bangladesh needs to ensure fair wages and other rights to workers to safeguard the market access for its textile products to Europe in the coming days, European Union ambassador to Bangladesh William Hanna told a national dialogue in the city on Monday. European citizens are closely watching the

he present government will not be able to pass the proposed Financial Reporting Act-2013 in the Parliament ‘due to time constraint’. The act will, however, be approved by the cabinet, finance minister AMA Muhith told reporters after a meeting with representatives of Institute of Cost and Management Accountants of Bangladesh at his secretariat office on ... Read more

Dhaka stocks declined for the second trading session on Monday as the turnover of the Dhaka Stock Exchange fell short of Tk 300 crore after 32 trading sessions with the investors apprehending unrest on the political front. The turnover of the DSE declined to Tk 271.99 crore on the day from the previous session’s Tk ... Read more

The government on Monday signed an agreement with the World Bank for $10 million grant to introduce solar irrigation pumps for farmers. Arastoo Khan, additional secretary, Economic Relations Division and Christine Kimes, acting head, World Bank in Bangladesh signed the

Singer Bangladesh recently launched smart/LED TVs from the European home appliances makers Grundig in Bangladesh. ‘Built on German technology, the Grundig LED TVs are available at a very competitive price,’ said a press release. Initially 32, 40 and 46 inches Grundig LED

Shehzad Munim joins BAT Bangladesh as its managing director today as he becomes the first ever Bangladeshi to take the position in over 100 years of BAT’s operation in Bangladesh, said a press release. Prior to this appointment, Shehzad worked as the marketing director of the company’s South Asia Area. Shehzad joined BATB right after ... Read more

The revised GSP scheme of the European Union which will come into force on January 1, 2014 may create a favourable competitive environment for Bangladeshi exports to the region due to reduction of the number of beneficiary countries and product coverage, a government study revealed. ‘The revised generalised system of preferences scheme may not be ... Read more