Business

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

Reuters/Bdnews24.com . 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

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

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

Asif Showkat The government has decided to take initiatives to keep the remittance inflow stable in this stormy time of global financial turmoil, sources in Bangladesh Bank said. ‘We will take several plans for increasing remittance inflow, including asking the banks to reduce their charges on remitted money; as a result, more remittance will come ... Read more

Turnover drops to 9-month low Staff Correspondent Dhaka stocks finished lower on Sunday amid thin participation of investors as the bourse returned to trading after a nine-day closure, market operators said. The Dhaka Stock Exchange remained closed from December 5 to 13 on the occasion of Eid-ul-Azha and the weekly holidays. The DSE general index ... Read more

Kazi Azizul Islam Documents submitted to a US court in a case disclose that German industrial conglomerate Siemens bribed the authorities concerned to gain a telecom infrastructure contract in Bangladesh as it did at least in two other countries. The case documents were submitted on Friday to a US court, which is scheduled to hear ... Read more

Md Hasan State-run mobile operator TeleTalk seeks to get $221 million loans from the Chinese government, mainly to expand its network to provide third-generation technology (3G). The operator said its board had accepted the loan proposal, now pending with the Economic Relations Division (ERD) for further processing. “The telecommunication ministry is in talks over the ... Read more

PROPOSAL FOR SEPARATE PAY STRUCTURE BB asked to seek recommendation of national pay commission Staff Correspondent. The finance ministry has asked Bangladesh Bank to seek recommendation of the National Pay Commission on its proposed separate pay scale for the officials and employees, official said. ‘If the government allows the central bank to have a separate ... Read more