Business

Dhaka stocks fell on Thursday after a two-day surge as investors went for profit-taking selling to minimise their loss in the recent share market crash, said market operators. The benchmark general index of Dhaka Stock Exchange shed 114.80 points, or 1.49 per cent, to close at 7,575.89 points, ending an eventful

Axiata, a telecommunication company, has recently entered into an agreement with mobile data solutions provider Motricity to launch a new mobile data service by enhancing users’ mobile internet experience. The agreement stipulates mobile data service to Axiata subsidiaries in the region including Robi in Bangladesh, said a news release. The other subsidiaries are Celcom in ... Read more

Dhaka stocks sustained the gaining streak for the second day on Wednesday as investors continued to bulk purchase, buoyed by a number of government steps taken in their favour after six days of heavy fall and rowdy protests. The benchmark general index of Dhaka Stock Exchange advanced by 178.59 points, or 2.38

Securities and Exchange Commission member Mansur Alam on Wednesday resigned in the wake of his alleged roles in circulating two directives without the consent of the full commission. Farhad Ahmed, executive director of the commission, said, ‘Mansur Alam submitted his resignation to the SEC chairman Ziaul Haque Khandkar on

Garmentech Bangladesh 2011 kicks off The apparel sector leader has called upon foreign entrepreneurs to invest in the backward linkage segment of the sector. “Bangladesh’s backward linkage segment has tremendous growth prospect,” Abdus Salam Murshedy, president of Bangladesh Garment Manufacturers and Exporters Association, told the inaugural

The visiting United Nations Department of Economic and Social Affairs senior economic affairs officer Nazrul Islam on Wednesday suggested bringing the country’s state-owned enterprises out of government’s control to achieve a sustainable economic reform. He was speaking in a seminar titled ‘Was the Gradual approach not possible in the

Will be lenient on banks’  capital market investment The Bangladesh Bank on Monday asked the commercial banks to purchase shares and assured them that it would be soft on the banks which have invested more than their allowable limit. The central bank’s governor, Atiur Rahman, issued the directive at an emergency meeting with commercial bankers ... Read more

The Securities and Exchange Commission on Monday took a number of measures, including increasing the margin loan ratio for investors, to stop the massive slide of share prices. The SEC raised the margin loan ratio to 1:2 from 1:1.50 in a bid to increase the purchasing power of the share investors who have sustained heavy ... Read more

Social enterprises need financing from ‘impact investors’ that include a heterogeneous group like foundations, family offices, banks, pension funds and social investment to scale up their efforts, a discussion in Dhaka was told yesterday. Impact investors are a group that eyes a social goal beyond merely returns in terms of

Nokia Emerging Asia appointed Abu Daud Khan as country manager to lead Nokia operations in Bangladesh and Nepal, said a statement. Khan joined Nokia in 2010 and prior to the current assignment, he worked with Sony Ericsson Mobile Communications and British American Tobacco. Daud obtained his MBA from

The 10th edition of Garmentech starts tomorrow at Bangabandhu International Conference Centre in Dhaka to exhibit the latest technologies and machinery of the garment sector. Zakaria Trade and Fair International and ASK Trade and Exhibitions Ltd jointly organise the event that ends on Saturday, said the organisers at a press meet at Dhaka Reporters Unity

The police were in full gear, ready to pounce on the agitating investors on the road in front of the Dhaka Stock Exchange. Investors were ready to throw brickbats on the police as they could not curb their anger after the losses they had borne. Suddenly the police went into action and started to beat ... Read more

Growth in international call traffic has slumped while international traffic routed via Skype, the largest provider of internet-based voice communications, continues to accelerate, data showed. International phone traffic grew an estimated 4 percent in 2010 to 41,300 crore minutes, down from 5 percent growth in 2009, which is a far cry from the

Research organisation Centre for Policy Dialogue (CPD) yesterday said a game of ‘windfall gain’ is going on in the country’s stockmarket and some people are manipulating the prices. Irregularities, anomalies, oversight and poor policy framework have led to the bubble market, the private think tank said in its interim analysis on the state of the ... Read more

The introduction of book building system has turned out to be a tool for manipulating market prices, the Centre for Policy Dialogue has observed. Instead of ensuring competition among big investors at the ‘price discovery’ stage, the market syndicates are abusing it for placement shares at an artificially high price, the CPD

Says Barua as he narrates success stories The government is set to manufacture CNG three-wheelers through state-run Atlas Bangladesh, said Industries Minister Dilip Barua yesterday. “We are looking for prospective investors from India and China,” said Barua in his ministry’s annual performance report

Monomi Begum, a Shewrapara slum-dweller, had to return home empty-handed after waiting for around one and a half hours on Sunday to buy rice from the Open Market Sales point in that city area. ‘My husband is a rickshaw-puller. His earns so little with which it is really hard to buy rice from the market, ... Read more

manpower needs new markets: BB Expatriate Bangladeshi workers sent home remittances of around $11 billion in the just concluded year of 2010, only around 2 per cent more than $10.76 billion in 2009. The monthly remittance inflow declined to $963.53 million in December from $998.60 million in November as the country’s manpower exports continued to ... Read more

A three-day laptop fair will start on Wednesday at Dhaka Hotel Sheraton. Thirty-nine companies will showcase products at 18 pavilions and 21 stalls at the Qubee Laptop Fair 2011, organised by Maker Communication. The fair will remain open from 10am to 8pm with an entry fee of Tk 20. “The objective of the fair is ... Read more

The Bangladesh Association of International Recruiting Agencies on Monday blamed diplomatic failure of the government for the decreasing manpower exports in recent years. The government’s initiative to export manpower by itself was but a part of an international conspiracy, BAIRA president Abul Bashar alleged in a written statement made at a