Business

The defaulted loans in banks increased by around Tk 1,289 crore in the second quarter of this year to stand at Tk 52,309 crore at the end of June. The defaulted loans during April-June increased slightly compared to Tk 8,293 crore rise in the previous quarter because of higher

The Bangladesh Telecommunication Regulatory Commission on Monday issued no objection certificate for nine new firms to provide international recharge service which allows loading mobile balance from abroad. Earlier there were four firms providing the service — Ezetop Limited, Firefly, ValuePlus Computer System and E-Blink Solution. The BTRC Monday’s notice also named nine other firms for ... Read more

Bangladesh Securities and Exchange Commission on Monday issued a show cause notice to Familytex (BD) as the company violated listing condition by taking a decision on dividend declaration before listing. ‘The commission on the day issued a show cause notice to Familytex and it also asked the company to reply within three working days,’ BSEC ... Read more

Major General Mohd Habibur Rahman Khan on Thursday joined the Bangladesh Export Processing Zones Authority as its executive chairman, said a press release. Before joining BEPZA, Habib was the commandant of MIST. He was also the Engineer in Chief of Bangladesh Army. An officer of the Corps of Engineers

Hartal, Political Unrest Tourism industry fears loss during Eid holidays Tourism industry people in Cox’s Bazar, Chittagong and the three hill districts feared a slump in their business due to declining number of tourists caused by ongoing political unrest, including frequent hartals. They said that the industry had been passing through tough times due to ... Read more

Sim Registration Verification BTRC to get NID database access from EC The Bangladesh Telecommunication Regulatory Commission has got green signal from the Election Commission for accessing the national ID database to verify users’ data given by the mobile phone operators, said BTRC officials. According to the BTRC officials, the commission initiated the move as mobile ... Read more

Take a chance over govt decision banning vehicular movement on highways Rice, sugar and edible oil prices increased in retail markets in last two days due to stocking by wholesalers after the government’s announcement that plying of trucks, covered vans and lorries on highways would remain halted for seven days starting three days before Eid-ul-Fitr. ... Read more

The government will allow private entrepreneurs to import diesel and furnace oil for their own consumption, particularly to run their power plants, from next year, officials said. On Sunday, power, energy and mineral resources ministry came up with the decision at a meeting held at the secretariat chaired by prime minister’s energy adviser

The Dhaka Stock Exchange on Sunday placed the shares of Familytex (BD) Limited under ‘Z’ category from ‘N’ category only one and a half months after its listing as the company failed to declare any dividend for the financial year ended on December 31, 2012. Familytex raised Tk 34 crore by offloading 3.40 crore shares ... Read more

3,500 Imported Cars NBR set to provide depreciation benefit bypassing law The National Board of Revenue is set to provide 45 per cent depreciation benefits for around 3,500 reconditioned cars imported before June this year though the cars are supposed to get 35 per cent depreciation under the law, officials of the NBR said. NBR ... Read more

Investors remain off-floor due to unrest fear: traders Dhaka stocks dropped for the fourth trading session on Sunday with a sharp fall in turnover as investors kept them off the trading floor, anticipating political unrest after Eid-ul-Fitr, market operators said. The benchmark general index of Dhaka Stock Exchange, DSEX, declined to 3,833.53 points, shedding 1.99 ... Read more

Farm Loan NGOs request BB to slash interest rate Three non-government organisations on Sunday urged the Bangladesh Bank to reduce the farm loan interest rate to single digit. They also proposed the BB to increase the amount for farm loans. Coastal Association for Social Transformation Trust, Credit and Development Forum and

Biman Bangladesh Airlines, the national flag carrier, has started to accept both local and international Visa and Mastercard credit cards for booking seats through the website. The airline will also accept Nexus Debit Card issued by local Dutch-Bangla Bank in its web-booking integration, said a press release on Sunday

Bangladesh has sought GSP facility for its 89 products, mostly readymade garment items, in the markets of Russia, Belarus and Kazakhstan, commerce ministry officials said. The commerce ministry has requested the Eurasian Customs Union, a common customs platform of the three countries, to give generalised system of preferences to the

Purchase of 2 Boeing Aircraft Biman gets sovereign guarantee to take $338m loan The government has granted with eight conditions the sovereign guarantee to Biman Bangladesh Airlines to take a $338.49-million credit from the Export-Import Bank of the US for purchasing two new Boeing aircraft. The finance ministry has recently gave the approval to take ... Read more

2G Renewal Fees Three telcos pay final instalment, Citycell fails Three mobile phone companies — Grameenphone, Banglalink and Robi — paid Tk 1.658 crore in the final instalment of the 2G licence renewal fees to the Bangladesh Telecommunication Regulatory Commission on Thursday. Citycell, however, failed to pay the dues. BTRC officials said Grameenphone paid Tk ... Read more

Mobile Cos’ Syndication Foreign firm unlikely to take part in 3G auction Bangladesh Telecommunication Regulatory Commission chairman Sunil Kanti Bose has said they are yet to get any assurance from the new firms for 3G auction, although three foreign companies showed interest. ‘It seems to us that no foreign operator would take part in the ... Read more

Dhaka stocks slid for the third week on Thursday with a decreased turnover as investors refrained from trading, anticipating political unrest after Eid-ul-Fitr, market operators said. DSEX, the benchmark general index of Dhaka Stock Exchange, declined by 1.69 per cent, or 67.44 points, to close at 3,911.75 points

Bangladesh Submarine Cable Company is a core telecommunications service provider and international submarine cable operator of Bangladesh. The service provided by BSCC represents the long-haul communication between Bangladesh and the rest of the world. Emerging in July 2008 as a public limited company under the Ministry of Posts and Telecommunications

The Bangladesh Bank purchased dollars worth $34.90 crore in the first 25 days of the current fiscal year as most of the scheduled banks are now holding good amount of dollars amid stagnant business situation in the country due to the ongoing political unrest, said BB officials. A BB official told New Age on Thursday ... Read more