Business

The Planning Commission has issued guidelines on the revised annual development programme for the current fiscal year aimed at strict adherence to projects seeking enhanced resources. The latest regulations, issued past week also focused on the priority sectors in the economy to be considered favourably in the RADP. Original allocations from the slow performing projects

The contrary’s exports to India in the first half of the current financial year 2014-15 increased by 41.10 per cent to $257.48 million from $182 million in the corresponding period of the FY14 riding on jute and jute goods. According to Export Promotion Bureau data, the exports of jute and jute goods to India in July-December ... Read more

Bangladesh Bank has said the scheduled banks will not require taking prior permission from the central bank to set up electronic booths including automated teller machines. The BB on Tuesday issued a circular to managing directors and chief executive officers of all banks asking them to take prior approval from their respective board

The Bangladesh Securities and Exchange Commission on Tuesday formed two committees to investigate the unusual price hike of shares of Alltex Industries and Northern Jute Manufacturing Company. Both the committees were asked to submit reports within 15 working days, said a BSEC press release. A commission meeting led by its chairman M Khairul Hossain made

The Bangladesh Securities and Exchange Commission on Tuesday fined two brokerage firms of the Chittagong Stock Exchange Tk 7 lakh each for violating securities rules. The decision was taken in a regular commission meeting headed by the BSEC chairman M Khairul Hossain, said a BSEC press release. The BSEC fined Hillcity

HATIL, a leading furniture brand of the country, has introduced a wide range of designs on the occasion of Dhaka International Trade Fair 2015, said a news release. HATIL has introduced a number of new designs in all categories of home furniture like sofa, dining set, bedroom set etc which ensure optimum utilisation of space,

RMG exports plummet by 3.5pc in Jan-Nov The country’s apparel exports to the US market in the 11 months of 2014 fell by 3.50 per cent to $4.48 billion against $4.65 billion in the same period of 2013 due to sluggish demand for apparel in the market and compliance issue in Bangladesh. In the period, Vietnam ... Read more

The government’s net borrowing from the banking sector turned negative in the first half of this financial year because of surge in the net investment in the national savings certificates and bonds. According to the Bangladesh Bank data released on Sunday, the government made no net borrowing from the banking sources in the July-December period of ... Read more

Large Taxpayer Unit (value-added tax) of the National Board of Revenue has sought instructions from Attorney General Office on realising additional Tk 49.53 crore accrued as interest of unpaid VAT from the mobile phone operator Grameenphone, officials said. In mid-December, the LTU sought suggestions from

The Bangladesh Bank will from now on publish information on service charge, fee and commission to be charged by banks, on its website, to check the practice of banks overcharging customers. A BB official told New Age on Thursday that the central bank had recently received a large number of complaints from clients of a number ... Read more

The prices of rice and edible oil increased in the city’s retail markets over the week ending Friday due to a supply shortage amid a nonstop countrywide blockade being enforced by the Bangladesh Nationalist Party, traders said. The prices of BR-28, miniket and najirshail increased by Tk 1 a kilogram in the capital’s retail markets in ... Read more

The Food and Agriculture Organisation’s food price index declined in December after three months of stability, showing the third consecutive year of falling prices in all commodities, except for meat. ‘Cereal, vegetable oil, dairy and sugar all dropped in 2014, due to continuing large supplies and record stocks combined with a stronger US dollar and falling ... Read more

A 14-per cent gain in the benchmark index of the Dhaka Stock Exchange in the just concluded year was not significant enough considering the increase in the number of tradable securities at the bourse in the period, capital market experts said. The DSEX advanced by 14 per cent over the year to finish at 4,865 points ... Read more

Says CPD, apprehends capital flight going on in various forms The Centre for Policy Dialogue on Saturday said that the private investment in the country did not pick up to the expected level in the first post-election year because of infrastructure shortage and political uncertainty. At a press briefing on its first report on the state ... Read more

The Bangladesh Telecommunication Regulatory Commission has finalised a guideline to protect the consumer rights in telecom services and bar operators from running irrational and aggressive promotions. BTRC officials said that the guideline was finalised at a regular meeting of the commission on Monday presided over by BTRC chairman Sunil Kanti Bose. They said the

Tax Return Submission NBR asks field offices to strengthen monitoring on time-seekers The National Board of Revenue has instructed its field offices to strengthen monitoring on time-petitioners so that all of them submit income tax returns by extended time, officials said. Every year a significant numbers of taxpayers’ identification number holders, being failed to submit ... Read more

The Centre for Policy Dialogue on Saturday suggested that the government should not increase the prices of electricity and gas right now considering probable negative impact on production and investment in the country. ‘We are not in favour of raising prices of electricity and gas right now as there are no reasons to do so,’ CPD ... Read more

Increased trend raises suspicion of money laundering The country’s capital machinery imports registered a 21.29 per cent increase in the first five months of the current financial year 2014-15 compared with the corresponding period of the FY14. The increased trend has raised a suspicion of money laundering as the country has been experiencing a dull business ... Read more

Foreign investors’ participation at the Dhaka Stock Exchange increased to an all-time high in 2014 as their turnover at the bourse rose by 84.56 per cent during the year compared with that in the previous year. In 2014, the overseas investors bought shares worth Tk 4,406 crore against their Tk 1,798 crore sales, which were Tk 2,652 ... Read more

The prices of onion and garlic went up in the capital’s kitchen market over the week ending Friday due to off-seasonal supply shortage, traders said. Prices of onion increased by Tk 5 a kg and the item was selling at Tk 35-Tk 45 a kg while the imported one was selling at Tk 40-Tk 45 a ... Read more