Business

Staff Correspondent The volatility in share prices of low-profile companies continued on Wednesday at the Dhaka Stock Exchange as retailers chased shares of ‘Z’ category companies to make some quick cash, market operators said. Dhaka stocks, however, finished downbeat on Wednesday for the third consecutive day in volatile trading. The DSE general index lost 1.46 ... Read more

Staff Correspondent The 6th Dhaka International Textile and Garments Machinery Exhibition is set to start on February 8 with suppliers from 30 countries participating in this top textile technology event in Asia. Some 600 suppliers or their local representatives will showcase their products at around 800 booths at the Bangladesh-China Friendship Conference Centre, organised by ... Read more

Sohel Parvez UAE-based carrier RAK Airways has shut down its operation in Bangladesh as global financial meltdown is causing a drop in demand for air travel, officials said yesterday. The closure of operation has forced about around 15 employees of the Dhaka office of the airline out of job. However, the carrier’s General Sales Agent ... Read more

United News of Bangladesh . Dhaka Finance minister AMA Muhith Sunday apprehended that it might not be possible to keep the exchange rate of taka against US dollar at current level due to the sharp devaluation of the currencies of major trading partners. ‘We want to keep the value of taka [at the current level]. ... Read more

Economists say Star Business Report Empowerment of the poor, mainstreaming informal economy and developing the agricultural sector are keys to poverty reduction through trade in South Asia. The observation came at a session of a seminar, chaired by Executive Director of the Centre for Policy Dialogue Professor Mustafizur Rahman. The session, “Future Work on Globalisation ... Read more

Staff Correspondent Dhaka stocks gained on Sunday in volatile trading despite the downtrend at the market persisting for the last four weeks. The general index of Dhaka Stock Exchange gained 12.20 points, or 0.46 per cent, to close at 2661.69, while its blue chips index, DSE20, advanced by 12.97 points, or 0.60 per cent, to ... Read more

Nur Uddin Alamgir, Ctg A three-day housing fair organised by REHAB concluded here in the port city on Saturday making a business of Tk 200 crore, with the organisers and participants expecting an additional Tk 100 crore from the intended

Staff Correspondent Theme Solution and Bangladesh Mobile Phone Business Association are going to organise International Telecom Fair 2009 in Sylhet in April 1-9 aiming to increase the number of cellphone users and businesspeople in the region, the organisers said on Sunday. ‘This is the first time such a fair will be held in Sylhet. Our ... Read more

Asif Showkat The finance ministry has given its consent to seek $75 million loan for fuel import from the Jeddah–based Islamic Development Bank with a six per cent mark-up rate, officials said on Thursday. The ministry has also suggested more negotiations with the IDB for reduction of the mark-up rate. The government will seek the ... Read more

Alpha Arzu The country’s largest software and information technology exhibition of the year, BASIS SoftExpo 2009, concludes today, with a target to increase the income from IT-enabled services to $150 million from the present $7 million by 2011, software and information service leaders said. Bangladesh Association of Software and Information Services coordinator of events Nurul ... Read more

Sliding pound, additional NTBs blamed Sohel Parvez Fresh vegetables exports dipped 25 percent in the July-November period of the current fiscal year against the same period last fiscal, thanks to a sliding pound sterling and additional non-tariff barriers (NTBs) imposed on some items to enter one of the key markets — United Kingdom. “We are ... Read more

Kazi Azizul Islam Bangladesh is becoming the ‘Trousers Island’, if not the Treasure Island, for global apparel importers as local manufacturers are sourcing jeans and other cotton trousers at the cheapest prices and maintaining admirable quality, industry people said. The industry’s strength has weighed up with Bangladeshi exporters occupying the number-one position in the US ... Read more

NATION BUSINESS REPORT ‘The positive side is that the government has started with a lower inflation rate in the domestic front and downward trend in international oil and commodity prices. ‘The government should utilise this advantage in a prudent manner,’ said the International Chamber of Commerce-Bangladesh (ICCB) in an editorial of its quarterly news bulletin ... Read more

Sajjadur Rahman Bicycle exports have marked a sharp drop in recent months due to the ongoing global financial meltdown that rocked the developed countries since mid-last year, said government data and industry people. Western countries, especially the European Union, are

Staff Correspondent Dhaka stocks witnessed a downtrend last week for the straight third week amid volatile trading with the investors’ participation shrinking, market operators said. The general index of Dhaka Stock Exchange lost 24.52 points, or 0.91 per cent, in the week to close at 2,671.06 on Thursday, while its blue chips index, DSE20, shed ... Read more

The government has vested the responsibility of a research work on basic commodity market upon the Bangladesh Foreign Trade Institute to prepare an effective market intervention guideline. Commerce Minister Faruk Khan made this announcement at a press briefing at the institute in Dhaka yesterday. “It’s an additional responsibility for the BFTI to make research on ... Read more

NATION BUSINESS REPORT South Korea has expanded its zero-tariff facility for Bangladeshi products from this year. Under the scheme, 34 additional Bangladeshi items including RMG, ceramic tableware and jute carpet will receive duty-free access to Korean market. South Korea has already provided duty-free treatment for many items from LDCs. However, their duty-free programme did not ... Read more

Staff Correspondent The Real Estate and Housing Association of Bangladesh is going to organise a three-day housing fair in the port city of Chittagong starting from January 29 with a heightened expectation of a brisk business. The announcement came at a news conference held by the real estate and housing association at the National Press ... Read more

NATION BUSINESS REPORT Grameenphone Ltd is the 1st operator in Bangladesh to launch GSM roaming with AeroMobile. AeroMobile AS provides roaming facility onboard aircrafts, providing global coverage. It is a safe, cost effective solution allowing passengers to use their mobile phones and PDA’s whilst in flight. From now on, Grameenphone subscribers with international roaming facility ... Read more

Finds current account balance, customs revenue poor Asif Showkat A finance ministry technical committee dealing with the shocks from the global economic meltdown in its second meeting on Thursday expressed satisfaction with the country’s economic indicators except the current account balance and customs revenue. The technical committee of the coordination council on monetary and exchange ... Read more