Business

Per capita debt burden of the country increased by Tk 407.65 to Tk 3,389.84 in the last fiscal year from that in the previous fiscal year, local think-tank Unnayan Onneshan said. In its August issue of Bangladesh Economic Update released on Saturday, the research organisation observed that every citizen of the country was

Bangladesh has urged India to remove para-tariff and non-tariff barriers to improve the trade balance between the two neighbouring countries. Bangladesh commerce secretary Mahbub Ahmed has raised the issue with his Indian counterpart SR Rao and revenue secretary Sumit Bose during

Dse Weekly Review Dhaka stocks end dull for second week Dhaka stocks ended flat for the second week last week as the investors continued with the wait-and-see policy with a fear that the country’s political situation might turn unstable ahead of the next national election. DSEX, the benchmark general index of the Dhaka Stock Exchange, lost ... Read more

The finance minister, Abul Maal Abdul Muhith, on Saturday rejected a proposal for an aviation university as an aviation faculty under any of the universities could be opened. Muhith made the comment addressing a seminar on ‘Sustainable development of the aviation sector in Bangladesh,’ organised by the Civil Aviation Authority

Dhaka Chamber of Commerce and Industry and Bangladesh Association of Software and Information Services held a workshop for 200 IT freelancers in the city on Saturday to bring them under the DCCI’s project of creating 2,000 entrepreneurs. Information and communication technology

Local onion retails at Tk 70-75 a kg, imported one at Tk 80 The price of onion made a fresh jump in the city’s retail markets over the week ending Friday. Traders said the stock of local onion was going to finish as its season ended and the import of the spice also decreased in ... Read more

Falling Investment Banks’ ADR drops below 74pc The credit or advance-deposit ratio in the banking sector declined below 74 per cent in August as credit demand in the private sector continued to drop in the current fiscal year 2012-13 due to dull business situation in the country amid political unrest. Eight banks and 10 Islamic ... Read more

Annuls DSE decision on Nikunja building allocation to members The Bangladesh Securities and Exchange Commission has approved the demutualisation schemes of the Dhaka and Chittagong stock exchanges, revoking DSE’s decision on allocation of spaces of its Nikunja Bhaban to member-brokers. After holding two separate meetings with the Dhaka Stock Exchange and the Chittagong Stock Exchange, the ... Read more

12 ministries, divisions make zero progress All the government ministries and divisions implemented only 3 per cent of the annual development programme in July, the first month of the current 2013-2014 financial year. The Implementation, Monitoring and Evaluation Division data released on Thursday showed that in July ministries and divisions could spend only 3 per ... Read more

Three mobile phone companies— Grameenphone, Robi and Airtel— got the 3G license on Thursday for providing 3G cellular services while two other operators, including state-run Teletalk, were yet to clear the payment. BTRC officials said the mobile phone companies also got 4G and LTE licenses with the 3G license and they would be able to

Bangladesh Rmg Safety Alliance unveils standards, names rights expert Krilla as president The alliance of 20 North American buyers of Bangladesh garment products has appointed human rights expert and attorney Jeffrey Krilla as president of the coalition. The Alliance for Bangladesh Worker Safety on Wednesday announced the appointment of Krilla and four other steps it ... Read more

The Dhaka Chamber of Commerce and Industry president M Sabur Khan on Thursday invited the Dutch investors to invest in pharmaceuticals, ceramics, light engineering, plastic, and agriculture sector of Bangladesh. ‘Bangladesh government provides various incentives and packages to the foreign investors. Dutch businessmen can invest in Bangladesh

Dhaka stocks ended flat for the third straight day on Thursday, the last trading session of the week, as shares prices of large capitalised companies plunged late in the trading session. The benchmark general index of the Dhaka Stock Exchange, DSEX, finished at 4,077.94 points, adding 0.02 per cent or 0.98 points. DS30,

A few months ago when phone analysts started talking about a ‘cheap iPhone’, there was an indication that Apple would finally launch an affordable iPhone for price-sensitive markets in countries like China and India. Apple did launch a ‘cheaper’ phone on Tuesday night. But this cheaper phone, called iPhone 5C, is hardly affordable. The basic model ... Read more

Ghulam Rahman has been co-opted as an executive vice-chairman of Eastland Insurance Co recently, said a press release. Prior to this assignment, he served the company as director planning and lately as executive director for more than 18 years. He had started his 33-year banking

India’s inclusion in popular government bond indexes such as the JP Morgan’s Government Bond-Emerging Markets-Global Diversified index could attract about $20 billion-$40 billion in over a year, Standard Chartered Bank writes in a note on Thursday. India will, however, have to do away

State-run Pragati Industries Limited has been forced to suspend assembling Pajero CR45 jeeps as Mitsubishi Motors Corporation, the Japanese manufacturers, is not accepting letters of credit issued through Sonali Bank for the import of vehicle components. Pragati officials told New Age that Mitsubishi

Nikunja Building Allocation BSEC to ask DSE to revoke decision or face asset devaluation Bangladesh Securities and Exchange Commission is likely to ask the Dhaka Stock Exchange today to revoke its decision to allocate building spaces of its Nikunja Bhaban, worth Tk 627 crore, to its members. If the bourse leaders refuse to accept the commission’s ... Read more

Industrial Term Loan SoB defaulted loan up by 94pc Industrial term loan disbursement by the four state-owned commercial banks and four specialised banks posted a negative growth in the recently concluded financial year although their defaulted loan increased by 94.31 per cent in the period. BB officials told New Age on Tuesday that the state-owned banks ... Read more

Bangladesh Bank on Wednesday asked the scheduled banks to disburse SME loans to persons with disabilities at 10 per cent interest under the central bank’s refinance fund. To this end, the BB issued a circular to the managing directors and chief executive officers of all the banks saying that the persons with disabilities, including