Business

No consensus on long-term deal yet India has ‘promised’ to supply Bangladesh up to 20 lakh bales of cotton every year irrespective of any future ban on its exports but differences between the two countries over the mode of agreement remained, reports Indian newspaper The Hindu on Monday. The two countries discussed the finer details ... Read more

The cabinet on Monday approved in principle the draft Financial Reporting Bill-2013 that aims at bringing the preparation of financial statements in the corporate sector under a regulatory body and also setting a uniform standard for audit practices. The finance division placed the draft at the weekly cabinet

Political parties should include specific agenda in the election manifesto for the next general elections to facilitate business and ensure economic growth of the country, business leaders and academics said on Monday. At a stakeholders’ meeting on upcoming election manifesto of the political parties, they said a set of issues including reduction of cost of ... Read more

Price Spiral TCB to import 5,000 tonnes of onion The government is going to import at least 5,000 tonnes of onion on emergency basis in its bid to ease the soaring price of the essential commodity in the country’s kitchen market. The government’s trading arm, the Trading Corporation of Bangladesh, will initially import at least ... Read more

3g Auction On Sept 8 BTRC yet to finalise draft process as operators pressing for change The Bangladesh Telecommunication Regulatory Commission is yet to finalise the draft process for the 3G auction scheduled for September 8 as the mobile phone companies are pressing for a change in the draft. BTRC officials said the mobile phone ... Read more

Dhaka stocks advanced for the straight sixth trading session on Monday with a higher turnover as investors remained positive after the opposition party on the day announced that it would go for peaceful protest demanding a polls-time non-party neutral government. The benchmark general index of Dhaka Stock Exchange,

The Centre for Policy Dialogue will observe its 20th anniversary by the end of November through a number of activities including public lectures, research colloquium, and outreach events with the participation of its alumnus and well-wishers, it said in a press release. CPD, the country’s leading independent think-tank and

The telecom regulator will soon ask the inactive landline operators to return their licences and spectrum if they fail to resume operations within a certain period. The regulator took the decision last week as a huge amount of spectrum in different bands remains unused with the inactive private operators.

Economists say falling imports no positive sign for economy The country’s trade deficit declined to $7.01 billion in the recently concluded financial year 2012-2013 from $9.32 billion recorded in the FY 2011-12. Economists and Bangladesh Bank officials told New Age on Sunday that the narrowed trade gap would not put any positive impact on the ... Read more

Gas Shortage Govt asks businesses to find alternatives Prime minister’s energy adviser Tawfiq-E-Elahi Chowdhury on Sunday suggested the entrepreneurs to explore alternate sources of primary fuel for industries as the government cannot ensure gas supply to keep up with the demand. Despite several government initiatives, it is not possible to supply gas to all industries ... Read more

Maritime Labour Convention Bangladesh set to miss ratification deadline Bangladesh is set to miss an August 20 deadline by the International Labour Organisation to ratify the Maritime Labour Convention of the UN body risking the restriction on entry of vessels carrying Bangladeshi flag in overseas ports. Officials of the labour ministry said the Convention would ... Read more

Bangladesh Telecommunication Regulatory Commission on Monday cleared all five mobile phone companies to participate in the 3G spectrum auction scheduled for September 8. The BTRC on the day also asked the operators —Grameenphone, Banglalink, Robi, Airtel and Citycell — to comply with the 3G auction guideline and auction

The government will provide importers with necessary assistance to import onion from countries particularly from Myanmar to ease the soaring price of the essential commodity in the country’s kitchen market, commerce secretary Mahbub Ahmed said. ‘The ministry will facilitate onion import by businesses

The government intends to complete the relocation of the hazardous tanneries from Hazaribagh to Savar by 2016, now that the dispute over who would bear the lion’s share of the project cost has finally been resolved. “I hope the tanneries will now speed up the relocation process,” Industries Minister Dilip Barua told reporters yesterday. “The ... Read more

NASDAQ Stock Exchange will present a demonstration on upgraded trading technology, which they had been using for doing transactions, at the Dhaka Stock Exchange today. NASDAQ stock market, also known simply as the NASDAQ, is an American stock exchange. ‘NASDAQ’ originally stood for National Association of Securities

The National Board of Revenue on Sunday decided to seek opinion from the law ministry on applications made by a section of reconditioned car importers requesting the revenue board for allowing 45 per cent depreciation for around 3,500 cars, imported before June, which were supposed to get 35 per cent depreciation, officials of the NBR ... Read more

Dhaka stocks gained for the straight fifth trading session on Sunday as investors went for buying after the opposition party in the previous day announced that it would not go for tough action against the government at the moment. According to media reports, the Bangladesh Nationalist Party

Rmg Factory US buyers arrive in mid-Sept to prepare safety framework   A team of North American buyers who formed Alliance for Bangladesh Worker Safety Initiative is likely to visit Bangladesh in mid September to prepare the detailed framework of the safety programme in the RMG factories under a five-year plan. Before visiting Bangladesh the Alliance ... Read more

The commerce ministry is going to conduct an impact assessment study on the probable impact of the imminent free trade agreements between the European Union and some ASEAN countries on Bangladesh’s export, ministry officials said. After getting request from the Bangladesh ambassador in Belgium,

BTRC to announce list today The telecom regulator would announce today the names of eligible cellular phone operators for 3G auction after scrutinising the applications, said officials. Country’s six cellular phone operators — Grameenphone, Banglalink, Robi, Airtel, Citycell and state-owned Teletalk — on August 12 applied