Business

Dhaka stocks inched up on Sunday, the first trading session of the week, riding on investors’ optimism regarding the government fund for the affected small investors. The benchmark general index of the Dhaka Stock Exchange, DSEX, finished at 4,140.30 points on the day, adding 0.31 per cent or 12.82 points.

Low-cost Malindo Air, which has recently launched its daily flight on Dhaka-Kuala Lumpur route as part of its international route expansion, aims at attracting Bangladeshi labours working in Malaysia and the tourists visiting both the countries, its executives said. ‘One of our priorities is to provide low-cost transportation

Etihad Airways, the national airline of the United Arab Emirates, has extended BusinessConnect, its loyalty programme for businesses, to 11 new markets, including Bahrain, Belarus, Kuwait, Lebanon, Malaysia, Nepal, the Netherlands, Oman, the Philippines, Qatar and Thailand. The mileage earning programme is targeted at the small

Bangladesh Bank counted Tk 5,519.11 crore in losses from its foreign currency, gold and silver reserve in the past financial year 2012-2013, according to latest BB data. The BB made a profit of Tk 3,952.27 crore in the FY12 by investing in currencies, gold and silver. BB officials told New Age on Thursday that the central ... Read more

The Dhaka Stock Exchange has moved to scrap its faulty online-based trading software MSA Plus and install a new one following a Bangladesh Securities and Exchange Commission’s directive, DSE officials said. To this end the bourse last week arranged a programme where the NASDAQ Stock Exchange, a US bourse, gave a demonstration on an upgraded ... Read more

Three micro entrepreneurs and two microfinance institutions on Saturday received the 8th Citi Microentrepreneurship Awards-2013 for their work in poverty reduction and socio-economic development in the country. Rabeya Begum from Kishoreganj as the best micro entrepreneur, Shahida Begum from Jhenaidah as the best women micro entrepreneur, Najma Begum from Tangail

Canadian High Commissioner in Dhaka Heather Cruden on Saturday said that Bangladesh would not be affected by the Canadian government’s move for revising the General Preferential Tariff scheme as the country was eligible for duty-free access as a least developed country. At a seminar on ‘Bangladesh-Canada Trade and

Dhaka stocks ended flat last week after two weeks on the up while the turnover increased thanks to the investors’ profit-taking moves. The benchmark general index of the Dhaka Stock Exchange, DSEX, ended flat at 4,127.48 points, gaining 0.05 per cent, or 2.21 points. The blue chip index of the DSE, DS30, lost 1.35 per cent,

The country’s ICT software exporters have aimed to attain $1 billion software export landmark within five year, as the country has already achieved $100 million milestone. To reach the goal, Bangladesh needs to develop 1.5 to 2 lakh IT graduates with global standard skill and expertise, they said. Their optimism came at a discussion that organised

A three-day trade fair titled ‘Trade in Bangladesh’ ended on Saturday at Putra World Trade Centre with displaying of hundreds of Bangladeshi products. Former prime minister of Malaysia Tun Abdullah bin Haji Ahmad Badawi inaugurated the fair on August 29. Headmaster Events in collaboration with the Bangladesh Garment

ONE Bank celebrated its 14th founding anniversary at the Pan Pacific Sonargaon Dhaka recently, said a press release. Chairman Sayeed H Chowdhury, vice-chairman Asoke Das Gupta and managing director M Fakhrul Alam spoke on the occasion attended by the bank’s clients and dignitaries. To mark the occasion, ONE Bank also launched Prepaid Card,

Citi Asia Pacific chief executive officer Stephen Bird arrived in Dhaka Saturday on an official visit. During his visit, Stephen is scheduled to attend the final awards ceremony of the Citi Microentrepreneurship Awards programme, currently into its 8th year, inaugurate Citi Bangladesh’s new corporate office in Dhaka, and meet key clients, stakeholders, regulators and Citi employees. A ... Read more

The prices of rice on the city’s retail markets are maintaining an upward trend, despite decrease of wholesale prices. Wholesalers and traders are blaming each others for the higher prices of rice. Mill owners urged the government to find out those who are behind the price hike of rice on the city’s markets. The prices of ... Read more

The prices of vegetables increased on the city’s kitchen markets due to supply shortage over the week ending Friday. Though the prices of onion decreased a bit, the item is still selling at higher prices. Traders said that the prices of most of the vegetables increased by Tk 5-Tk 10 a kg as the downpour ... Read more

The Institute of Chartered Accountants of Bangladesh on Friday opposed the proposed Financial Reporting Act stating that it would restrict the freedom of auditors and make obstacle in auditing profession. The ICAB expressed their stand regarding the FRA at a news briefing held at the National Press Club presided over by its president Abdus Salam.

4 cos to vie for 4 licences, BTRC to hold closed door bidding There will virtually be no competition in the auction for four licences for 3G mobile services as four operators — Grameenphone, Banglalink, Robi and Airtel — on Thursday submitted bid earnest money while Citycell dropped out of the race. The Bangladesh Telecommunication Regulatory ... Read more

Private sector credit growth hit a 13-year low of 11.04 per cent in the recently concluded fiscal year 2012-13 due to political instability, higher interest rate on lending and bank scams, said economists and business leaders. According to the Bangladesh Bank data released on Thursday, the credit growth in the private sector slumped to 11.04 ... Read more

Bangladesh on Thursday signed an air service agreement with Myanmar to reinstate air connectivity aimed at boosting bilateral trade and tourism relations. Deputy director general of Myanmar civil aviation Win Swe Tun and Civil Aviation Authority of Bangladesh chairman Mahmud Hossain signed the deal in

Misses target by Tk 122cr despite 21pc growth The National Board of Revenue collected Tk 7,772.64 crore in revenue in July, the first month of the current fiscal year, posting a Tk 1,341-crore or 20.84 per cent increase from the amount collected in the same month of the last fiscal year, the NBR data released ... Read more

The estimated project cost for connectivity with the second submarine cable has been set at Tk 500 crore, according to a telecommunications ministry report submitted to the parliamentary standing committee meeting on the ministry on Thursday. Bangladesh is one of the 21 countries that have failed to complete the process for the connectivity to the SEA-ME-WE-5 ... Read more