Business

Public Procurement Process to engage citizens in monitoring lingers The Public Procurement Stakeholders Committee could not come into a conclusion on engaging citizens in the monitoring of the public procurement in its eighth meeting on Wednesday, although the issue has been in discussion for the last two years. The stakeholders including government officials,

Demutualisation Scheme DSE, CSE must include strategic partner in board Bangladesh Securities and Exchange Commission is likely to finalise the demutualisation schemes of the Dhaka and Chittagong bourses including a provision that a strategic partner of the bourse will be on the board, which will be a 12-member body. The commission will also empower

Dhaka stocks fell flat on Wednesday but most of the shares prices went up as the regulator on the day before had allowed converting a close-ended mutual fund into an open-ended one, delighting the investors. The benchmark general index of the Dhaka Stock Exchange finished at 4,076.96 points, adding 0.08 per cent or 3.32 points. DS30, the ... Read more

The Dhaka Stock Exchange on Wednesday signed an agreement with the NASDAQ under which the US stock exchange will study the technical requirement of the DSE for the next 10 years. The DSE chief executive officer Swapan Kumar Bala and NASDAQ OMX South-East Asia and Pacific region managing director Robert Frojd signed the agreement on

The government has lifted ban on salt import till September 22. Each mill owner is allowed open letter of credit for the import of up to 10,000 tonnes of crude salt, said an recent order of the Office of the Chief Controller of Imports and Exports. The importers will have to ensure the shipping

Export earning growth in August, the second month of the current financial year, hit the lowest in twelve months to 3.18 per cent due to negative impact of two worst factory incidents in the garment sector, exporters said. The export earnings in the first two months of the current financial year fell by 3.86 per cent ... Read more

Revenue collection by the National Board of Revenue fell short of the target for the first two months of the current fiscal year by Tk 1,537.03 crore as its all three wings—income tax, customs and value-added tax—failed to achieve their targets, provisional data of the NBR showed. According to the data, the revenue board collected Tk ... Read more

The much-talked-about 3G technology for high speed internet and data transfer will not be able to bring expected result if the bandwidth price is not reduced, said experts. The mobile operators are selling bandwidth at higher price compared to their purchase price, the experts said. Four mobile phone companies — Grameenphone,

Rmg Victims’ Compensation Most brands staying away as meeting begins in Geneva today More than twenty clothing brands have refused to discuss with Clean Clothes Campaign and IndustriALL Global Union, two largest global alliances of labour unions in the clothing sector, over setting compensation package for the victims of Tazreen Fashions fire and Rana Plaza ... Read more

Mobile phone operator Robi on Tuesday said the 5MHz spectrum, which Robi won through an auction on Sunday for 3G service, will not be a barrier for ensuring service quality. Robi made the comment against the backdrop of Bangladesh Telecommunication Regulatory Commission chairman Sunil Kanti Bose observation that the companies

The Bangladesh Securities and Exchange Commission on Tuesday approved a guideline for its market surveillance system in a bid to make quick decision in capital market surveillance-related matters. The capital market regulator made the decision in a regular commission meeting presided over by its chairman M Khairul Hossain. The BSEC on December 17,

Dhaka stocks rebounded on Tuesday after a three-day fall with an increase in turnover as tension in the market eased following the Dhaka Stock Exchange’s withdrawal of a letter that asked 50 brokerage houses to give all the trading details of their clients. DSEX, the benchmark general index of the DSE,

The payment of import bills increased significantly in July, the first month of the current financial year, due to a rise in payment of bills for food products. According to the latest BB data, the settlement of letters of credit, or import bill payment, registered a growth of 12.09 per cent in July compared with ... Read more

Global Competitive Index Bangladesh improves, but corruption remains concern Bangladesh showed an upward move by eight positions to 110 in the Global Competitive Index in 2013 from 118 compared to the previous year among 148 countries. Despite having positive changes as regards some issues, key corruption related concerns have remained at the same state, the ... Read more

Dhaka stocks declined for the third trading session on Monday as large capitalised companies saw fall in their share prices. The benchmark general index of Dhaka Stock Exchange, DSEX, dropped to 4,071.16 points, shedding 0.15 per cent or 6.20 points. DS30, the blue-chip index of the bourse,

The country’s leading mobile phone operator Grameenphone on Monday said it would launch the 3G service in specific areas of the Dhaka and Chittagong cities by October. The GP announcement came after the Bangladesh Telecommunication Regulatory Commission had held the 3G spectrum auction on Sunday where four

Peaking Power Plants Project cost revised down to Tk 6,123.37cr The cost of 820MW Peaking Power Plants project under the Power Development Board has been revised down to Tk 6,123.37 crore from original estimation of Tk 6,959.86 crore. The revised project is likely to be placed in the meeting of the Executive Committee of the ... Read more

Claiming that the 3G mobile auction held on Sunday was virtually competition free, a rights group has demanded full disclosure of its process and a parliamentary debate on it. In a statement on Monday, EquityBD (Equity and Justice Working Group Bangladesh) condemned the approach of multinational mobile phone companies

The Dhaka Chamber of Commerce and Industry on Monday launched an initiative to develop 2,000 young entrepreneurs in the country. The DCCI, incorporating with Bangladesh Bank, held a motivational workshop in the Dhaka University’s business faculty auditorium, inaugurated by

President Abdul Hamid on Monday called upon the business leaders to use newer business ideas for generating more and more jobs and thus spur economic activities. Hamid said this when a delegation of the Dhaka Chamber of Commerce and Industry, led by its president M Sabur Khan, met him at Bangabhaban.