Sunday, December 10, 2023

Next economic policy paper under way

Asif Showkat The outgoing interim government is preparing a policy-options paper focusing on fiscal and monetary measures for the newly elected government to attain their expected strategic targets, official sources said. ‘We are preparing a paper on fiscal polices for achieving the short- and long-term targets, like poverty alleviation, for the elected government,’ said a ... Read more

Dhaka stocks extend bull run for 2nd week

Staff Correspondent Dhaka stocks saw a bullish trend for the second consecutive week that ended Thursday, thanks to an increased participation of investors, market operators said. The general index of Dhaka Stock Exchange gained 177.47 points, or 6.75 per cent, to close at 2,807.61, while its blue chips index, DSE20, advanced by 120.39 points, or ... Read more

ECR yet to begin in most Barisal shops

Anisur Rahman . Barisal Most of the shops in the Barisal City Corporation areas are yet to start using electronic cash registers two days into the deadline. The system is currently applicable for 10 selected sectors, including hotels, restaurants and fast food shops, sweetmeat shops, furniture sales centres, beauty parlours, all sales outlets of luxurious ... Read more

Natore Sugar Mills set to fall short of production target

Our Correspondent . Natore Natore Sugar Mills is set to fall short of achieving its target for the current fiscal year as more than 900 illegal power crushers are producing crude sugar or gur in the mill area. Two Sugar Mills had been constructed in Natore to use the main cash-crop of the district, sugarcane,

GMG to add new aircraft to its fleet

Kazi Azizul Islam Country’s largest private-sector airline GMG is adding a new aircraft to its fleet today as it is preparing to resume flights on several international routes. A senior GMG official told New Age on Friday that decline in fuel prices inspired GMG to resume the flights. On domestic routes GMP presently operates flights ... Read more

Banks make record operating profit despite global recession

NATION BUSINESS REPORT In spite of the collapse of many banks in the United States and Europe amid global financial meltdown, the country’s private commercial banks (PCBs) attained higher operating profit in 2008. The initial figures of operating profit of at least 10 PCBs indicated that they have earned profits in 2008 following higher import ... Read more

RMG breezes past 2008

Looking Back 2008 RMG breezes past 2008 Refayet Ullah Mirdha Bangladesh’s ready-made garment (RMG) business was well in 2008, although some national and international anti-business issues marked the year as a turbulent one. However, on the onset of the year, the country was faced with a severe competition in the global RMG

Asia’s stocks end painful year

Afp, Hong Kong Asia’s markets closed Wednesday to bring down the curtain on a miserable year that saw them lose half their worth in the wake of the global financial meltdown. Despite a number of bourses gaining some ground over the past few days, the overall picture for 2008 has been one of gloom as ... Read more

Capital market ends a topsy-turvy year

Sadat Sayem Heavy inflow of liquidity and entry of fresh investors in the first half of 2008 helped Bangladesh’s stock market sustain the bull run it witnessed in 2007, surpassing all the records in market indicators made during a boom from January 14 in the previous

Electronic cash registration at shops begins today

Khawaza Main Uddin The National Board of Revenue starts enforcing compulsory use of electronic cash registers in big and medium sized shops in the six city corporations from today to strengthen collection of value added tax as a major source of revenue earning. The revenue board, which took the decision to introduce the system following ... Read more

BTRC takes steps to make internet service available

NATION BUSINESS REPORT Bangladesh Telecommunication Regulatory Commission (BTRC) has taken different steps for expansion of internet system in the country. As part of the measures, the commission has decided to give three categories of Internet Service including Cyber Cafe Service License on thana basis with a view to making the internet service available and reaching ... Read more

Dhaka int’l trade fair kicks off today

Spot orders likely to cross Tk 50cr Staff Correspondent A month-long 14th Dhaka International Trade Fair (DITF)-2009 kicks off from today (Thursday) with the aim of giving a boost to country’s trade and commerce. Organizers expect the participating companies will get above Tk50 crore spot orders from the month-long gathering for local and foreign traders. ... Read more

DSE marks rise

Staff Reporter The Dhaka Stock Exchange (DSE) registered remarkable gains after a day of the national election as investors’ hoped that the peaceful election and its results would help boost the market. The investors yesterday placed huge buying orders to get profit, pushing up the day’s turnover to Tk 4.31 billion on yesterday from Tk ... Read more

RMG exports to Canada rise well

Kazi Azizul Islam Although Canadian import of apparels slowed down this year, Bangladesh’s garment export to that North American country has posted a satisfactory growth rate, say officials at the exporters’ associations. Diversion of a portion of Canadian apparel imports from China to Bangladesh in the past few months helped the exporters, they pointed out. ... Read more

Massive layoffs expected in UAE

AFP, Dubai Up to 45 percent of the construction workforce in the United Arab Emirates could be laid off, with thousands already having lost their jobs due to the global financial crisis, a report said yesterday. The Khaleej Times newspaper quoted Khalfan Al-Kaabi, a member of the board of directors at Abu Dhabi Chamber of ... Read more

JETRO inks deal with BASIS: Promote Bangladesh’s software in Japan

NATION BUSINESS REPORT Japan External Trade Organisation (JETRO) has inked a deal with Bangladesh Association of Software and Information Services (BASIS) to promote Bangladesh’s software and IT enabled services (ITES) industry in Japanese market. JETRO has signed a memorandum of understanding (MoU) with BASIS in this regard on December 15 last at the BASIS Secretariat ... Read more

Privatisation Commission won’t offload Rupali stake

Staff Correspondent The advisory council committee on economic affairs in a meeting on Tuesday rejected the finance ministry’s proposal to assign the Privatisation Commission again to offload government’s shares in the Rupali Bank Ltd. ‘We have decided not to task the Privatisation Commission again with offloading government’s shares in Rupali Bank as the bank is ... Read more

Recession shattering global confidence

Reuters/ . New York The financial crisis is shattering global confidence, with three quarters of households cutting spending and consumers in emerging countries feeling especially squeezed, a survey showed on Tuesday. While countries like China, India and Russia have helped fuel world growth in recent years, the survey of 22 states in November found consumer ... Read more

Export earnings fall 8pc in Oct

Kazi Azizul Islam The ongoing global economic recession has finally rung alarm bells for Bangladesh garment industry as latest official data reveals that the country’s export earnings in October was $868 million, posting nearly 8 per cent decline from that in the same month of 2007. The monthly data released by the Export Promotion Bureau ... Read more

Dhaka stocks jump

United News of Bangladesh . Dhaka The Dhaka Stock Exchange recorded significant rise on Sunday amid increased turnover, helping stocks to gain across the board. The DSE General Index, the benchmark index, rose 73 points or 2.89 per cent to close at 2,591 from 2,518 points on Thursday while the All Shares Price Index increased ... Read more