The Securities and Exchange Commission on Monday halved the limit of circuit breaker on individual stock in a bid to tighten the price fluctuation of shares of the company. ‘The new circuit breaker will come into effect on Tuesday (today),’ said an SEC official. If a company’s share price is Tk 200, then its share ... Read more
Business
Trading at bourses resumes today
Finance ministry finalises 14 decisions to stablise market Trading at the Dhaka and Chittagong stock exchanges will resume today with the circuit breaker on general indices withdrawn after a two-day trade suspension following a share market debacle and subsequent violent protests by small investors. The market regulators, as per the directive of the government, had ... Read more
Investors worried about Tk 3,969cr investment in 2 suspended IPOs
Thousands of investors, who have deposited around Tk 3,969 crore for purchasing initial public offerings of Mobil Jamuna Limited Bangladesh and MI Cement, are in agony over the fate of their investments after the government suspended the IPO procedures of the two companies under the book-building method. Analysts said that the market regulators should immediately ... Read more
Biman, GMG raise ticket prices
Cite fuel oil price hike as reason The state-run Biman Bangladesh Airlines and private GMG Airlines last week raised their ticket prices on a number of local and international routes by $5 to $100. Officials of the airliners said the ticket prices were increased as they raised fuel surcharge following recent hike in jet fuel ... Read more
Bangkok Airways to operate flights to Dhaka
Thai private owned airline Bangkok Airways will start flights on Dhaka-Bangkok route very soon, the localrepresentatives of the airline on Monday said. A senior official of Jupiter Logistics, the Bangladesh representative of the airline, said that they were expecting the launching of the flights by the end of
77 candidates file nominations
A total of 77 candidates vying for the posts of director of the executive board of Bangladesh Garment Manufacturers and Exporters Association filed their nomination papers on Monday. The contestants are mainly grouped in two panels— one led by the incumbent vice-president Shafiul Islam Mohiuddin and the other by former BGMEA president Anwar-Ul-Alam Chowdhury Parvez
Mohabbat, Faruque become NCC Bank DMDs
Mohabbat Khan and TM Faruque Chowdhury have recently been promoted to the posts of deputy managing director of NCC Bank Ltd. Prior to the promotion, they were senior executive vice-presidents of the bank, said a news release. Mohabbat started his banking career in 1977 and Faruque in 1978 as probithonary
Nokia launches X2 Qwerty
Nokia yesterday launched its new X2 QWERTY, an social networking device offering full blown music and networking experience, at The Westin in Dhaka. The new X2 device enables access to social networks directly on home screen. It allows people to chat, send emails, comment, and update pictures via their preferred network sites such as
Banglabandha port opens to trade with India
Bangladesh and India yesterday started their long-awaited trade through Banglabandha port in a major bilateral decision. From now, goods from both countries can pass through the land port. Agriculture Minister Matia Chowdhury formally opened trade through the land port in Tentulia upazila in the northernmost district of Panchagarh, while Indian Finance Minister
Investors’ confidence hits lowest ebb as stocks keep collapsing
Share market investors’ confidence hit the lowest ebb last week as Dhaka stocks kept on plunging in every trading session, prompting the market regulators to halt trading for three consecutive days amid violent street protests by small investors. The benchmark general index of Dhaka Stock Exchange last week lost a massive 1249.54
Etihad, Emirates win awards
Frequent flyers have recognised Etihad Airways as the best airline, Emirates the best cargo airline and Kuala Lumpur the most popular destination for tourists. The awards organised by travel trade publication The Bangladesh Monitor were announced at the Airline of the Year 2009-10 ceremony at The Westin in
CAPAXPO concludes in Ctg
The three-day Chittagong Apparel, Fabrics and Accessories Exposition organized by Bangladesh Garment Manufacturers and Exporters Association concluded at CJKS indoor stadium on Saturday. Former commerce minister Amir Khashru Mahmud Chowdhury was the chief guest at the concluding session of the exposition while former state minister for forest Jafrul Islam Chowdhury was specia
Local organic soaps go fashion shops in Japan
A number of selected Japanese retail shops are set to start selling organic soaps made by underprivileged women in Bangladesh within the next few months. Around 100 village women in Mymensingh district employed by Shapla Neer, a Japanese-funded non-governmental organisation, are producing export-quality soaps with locally-procured
DSE’s market capitalisation declines by Tk 84,460cr
The market capitalisation of Dhaka Stock Exchange has declined by Tk 84,460 crore over the past one and a half months, with its general index losing 2,592 points due to the ongoing volatility in the country’s securities market. The market capitalisation of the country’s premier bourse came down to Tk 2,83,611 crore on
All ends in the blink of an eye
Every one was waiting for the trading to begin. The trading was slated to start at 1:00pm instead of the usual 11:00am. The bourse authorities curtailed the trading time by two hours fearing that more trading would mean a greater fall. Investors at a brokerage house at Motijheel were watching the DSE president’s press
DSE ignores members despite continuous crisis
The authorities of the Dhaka Stock Exchange have not solicited any advice or suggestions from the exchange’s members and concerned quarters although the volatility in the capital market has been continuing for one and a half month. A number of stockbrokers, who are the members of DSE, said that they were neither consulted
DSE requests probe into market manipulation
Authorities of the Dhaka Stock Exchange on Thursday requested the government to find market manipulators and take actions against them. ‘The government should find market manipulators and punish them,’ said Shakil Rizvi, president of the DSE, at a press briefing at Sheraton Hotel in
Yunus signs clothing deal with French company
Yunus Centre and ID Group, a French company, yesterday signed a deal to produce functional clothing for children of 0-5 years under social business in Bangladesh. The business will also provide technical training to the rural poor and generate employment. It plans to start production by the
Carat wins Global Media Network
Carat has been awarded Campaign’s 2010 Global Media Network of the year award for the third time in five years, said a recent statement of media and market research company Aegis Group. The award reflects several important management appointments and a strong new business performance in the US and Asia Pacific, supporting Carat’s global position ... Read more
Olitalia launches olive oil
Italy-based Olitalia Corporation launched its olive oil products in the Banlgadesh market recently. Local company Fair Distribution will distribute the product. Olitalia, an ISO certified company, is one of the world’s leading edible oil producer and its business expands over 130 countries in the