The central bank has partly freed up foreign exchange transactions by approving online transfer of funds for academic purposes by credit card. Also, foreign professionals and scientific institutions here will be able to remit “membership fees” abroad online, Bangladesh Bank said in a statement
Business
Turnover hits multi-month high
Turnover on Dhaka Stock Exchange rose to its highest since December 30 after investors bought heavily into the market hoping that stocks will continue to gain. Turnover on the country’s premier bourse stood at Tk 1,683 crore, up from the previous day’s Tk 1,480. DSE had its previous best transaction of shares worth Tk 1,783 ... Read more
Stocks rise for seventh day
Stocks gained for a seventh day as investors went on a buying spree to cash in on the lower price earnings ratio of individual sectors. The benchmark general index of Dhaka Stock Exchange, DGEN, rose 48 points or 0.78 percent to 6,562. On the port city’s bourse, the selective categories index of Chittagong Stock Exchange, ... Read more
Export earning target set at $26.36b
The target of the country’s export earnings for the current fiscal year has been set at $26.36 billion which is 15 per cent higher than the export earnings in the just concluded 2010-2011 financial year. A meeting at the commerce ministry on Tuesday set higher export target for the current financial year of 2011-2012 at ... Read more
Social business for solving others’ problems: Yunus
Nobel Laureate Muhmmad Yunus said on Tuesday that social business was aimed at solving others’ problems by investing funds and getting back the capital without any profits. The people involved in the traditional business are for only making profits but the social business is driven by social consciousness for solving others’ problems, said Yunus at ... Read more
Stocks gain for sixth day
Stocks gained for a sixth day as buyers went on a buying spree as the market has been showing signs of recovery for the last few days. The benchmark general index of Dhaka Stock Exchange, DGEN, went up 56 points or 0.87 percent, to end the day at 6,514
Exports hit fast lane
Bangladesh bagged $22.93 billion from its overseas trade with 41.47 percent growth in the just concluded fiscal year, according to the latest Export Promotion Bureau data released yesterday. The export earnings surpassed the yearly target of $18.5 billion, buoyed by shipments of readymade garments and jute and jute
Stocks continue gaining streak
Stocks gained yesterday for a fifth day with a significant turnover as investor confidence was boosted by the recent government initiatives despite a shutdown until noon. The benchmark general index of the Dhaka Stock Exchange, DGEN, went up 20 points or 0.32 percent, to end the day at 6,458. The selective categories index of the ... Read more
Stock turnover hits six-month high
Stocks gained for a fourth day with a high turnover as investors went for fresh buying of shares hopping that the market will gain gradually despite a 30-hour countrywide shutdown. The turnover on the premier bourse rose to Tk 1,646 crore, a six-month high. That was a 22.1 percent rise from the previous day’s Tk ... Read more
Stocks gain for third week
Stocks gained for a third week as the general index of Dhaka Stock Exchange hit a three-month high following the news of undisclosed funds flowing into the capital market. The benchmark general index, DGEN, gained 3.18 percent or 194 points, to end the week at 6,311. The yardstick of DSE gained 9.27 percent or 535 ... Read more
Qubee expands in Chittagong
WiMAX service provider Qubee is going to expand it operation in Chittagong following its business success in Dhaka. The officials of Qubee announced its full-scale operation in Chittangong city through a press conference, said a press release
Biman banks on Boeing
Two new aircraft to join its ageing fleet by November Biman Bangladesh Airlines may get two new Boeing aircraft by November this year as part of plans to ease pressure on its ageing fleet. The two wide-body aircraft will improve Biman’s chaotic flight schedule, said Biman officials. Nine of the national carrier’s 11 aircraft have ... Read more
DSE turnover hits three-and-a-half-month high
Dhaka stocks on Thursday maintained heavy gains for the third consecutive day with the bourse’s turnover hitting a three-and-a-half-month high of Tk 1,348.33 crore as the investors continued with post-budget buying spree. The benchmark general index of Dhaka Stocks Exchange, or DGEN, on Thursday gained 68.47 points, or 1.09 per cent, to close at 6,311.80
Traders increase rice price citing excuse of rain
Traders increased the retail prices of all varieties of rice in the capital this week citing the excuse of supply shortage because of recent rainfall. They claimed that the ceaseless rainfall and cloudy weather that had persisted for more than a week decreased the supply of rice
Wave-based power plant takes shape in Bangladesh
A Malaysia-based company will build the plant in Ctg Techknow Industrial SDN Bhd, a Malaysia-based company, plans to establish a sea wave-based power plant in north Chittagong, said its Chief Executive Officer Richard Shie yesterday. Shie came to the port city to sign a land procurement deal for the factory at Kumira in Sitakunda, says ... Read more
NBR earnings shoot past target
Revenue earnings of the National Board of Revenue increased by Tk 16,650 crore or 26.84 percent last fiscal year, beating the target for the year, said its Chairman Nasiruddin Ahmed yesterday. He said the taxpayers’ increasing trust in democratic government and intensified monitoring at the field level contributed to the high
Investors must keep it in stocks till June ’13: NBR
The National Board of Revenue on Tuesday said the investors must keep the undisclosed money invested in stocks till June 2013 to avail the opportunity of legalising it by paying 10 per cent tax. The board in an order issued on Tuesday said the holders of undisclosed money would have to invest it in the ... Read more
High vegetable prices aggravate consumers’ suffering
The continued price hike of vegetables on the city market in the last two weeks has aggravated the sufferings of consumers, who are already affected by the high prices of other essential commodities. Many consumers at different retail markets said on Tuesday that greengrocers had increased further the prices of vegetables, like green papaya, bitter ... Read more
Lotkan cultivation gains popularity
Cultivation of Lotkan a delicious fruit has gained popularity among people of Narsingdi district. A large number of marginal farmers mainly in the reddish lands of Shibpur and Belabo upazilas of the district have been able to change their fate in the past few years by cultivating Lotkan. Department of Agriculture Extension (DAE) officials sources ... Read more
Nokia shows its new strategy
In an event webcast around the world, Nokia’s CEO Stephen Elop demonstrated how the company is making significant progress on the new strategy it laid out earlier this year. From smartphones to mobile phones, from services to user interface design, and from improved device experiences to developer tools, Nokia outlined concrete actions for growth and ... Read more