Business

The income of the country’s real estate sector rose by 13 per cent to Tk 15,608 crore in the financial year 2010-2011 from that of Tk 13,820 crore a year ago, according to a survey of the Bangladesh Bureau of Statistics. The main source of income of the companies was construction of buildings and flats followed ... Read more

The Bangladesh Securities and Exchange Commission on Tuesday sent the shares of Shahjibazar Power Company to spot market making them non-marginable in line with the regulator’s move to contain abnormal price hike. The capital market regulator took the decision at an emergency meeting, led by BSEC chairman M Khairul Hossain, after its previous actions failed to

Dhaka stocks declined for the fourth trading session on Tuesday due to investors’ focus on newly-listed companies amid some panic-driven share sell-offs, market operators said. The key index of Dhaka Stock Exchange, DSEX, declined to 4,898.82 points, shedding 0.37 per cent or 18.60 points. As the investors mostly focused on the

Bangladesh Bank on Tuesday reduced the rate of provisioning against unclassified agriculture loan and micro-credit to 2.50 per cent from existing 5 per cent for scheduled banks to encourage banks’ participation in disbursing more agriculture loans and micro-credits. The BB issued a circular to managing director

Titan Company Ltd managing director Bhaskar Bhat has arrived in Dhaka to attend the re-launching of World of Titan at the Bashundara City Shopping Mall in the capital today, said a news release. Kallol Group Of Companies managing director Ghulam Mostafa along with other higher officials will accompany Bhaskar. They will also visit a number of TIME ... Read more

The country’s 1.50 crore households, out of 3.37 crore, employ 1.60 crore paid workers, according to a survey of Bangladesh Bureau of Statistics. The paid workers include house tutors, maids, gardeners, gatekeepers, caretakers, cooks and drivers. Of them, 1.09 crore are employed in rural areas while 51 lakh in urban areas, according to the findings. There were 1,697

Review committee suspends production at Fashion Linkers on BUET suggestion The government is going to take legal action against the subcontracting garment factories which have not taken registration from the Department of Inspection for Factories and Establishments. ‘As part of the move, we have served notices today on three garment factories –– DK Apparels, J Alam ... Read more

The Bangladesh Securities and Exchange Commission has asked Central Depository Bangladesh Limited to visit depository participants every month to monitor compliance of the entities, said a DSE web post on Monday. The capital market regulator in its directive said, ‘The BSEC has decided that CDBL will visit the depository participants every month to monitor whether the ... Read more

Bangladesh Bank on Monday asked scheduled banks to install closed-circuit television cameras inside and outside of their branches to ensure proper security. The BB issued a circular to managing directors and chief executive officers of all banks asking them to set up required number of CCTV camera, internet protocol

BBS Survey Country attracted 8.92 lakh int’l tourists in FY12 The country attracted 8.92 lakh international tourists including foreigners and non-resident Bangladeshis in the fiscal year of 2011-2012 while 14.59 lakh people went abroad for tourism purpose, according to a survey conducted by the Bangladesh Bureau of Statistics. In the same year, more than 42 ... Read more

3-day US trade show begins in city Without duty- and quota-free access to the US market the TICFA agreement will be meaningless, said commerce minister Tofail Ahmed on Monday. He said that to become a middle-income country it was important to restore GSP facility in the US market. ‘Despite signing the TICFA our products are not getting ... Read more

The Bangladesh Securities and Exchange Commission on Monday declined to consider a Dhaka Stock Exchange’s proposal to reduce Trading Right Entitlement Certificate holders’ annual fees. The capital market regulator informed the DSE its decision while holding a meeting with the prime bourse, BSEC officials told New Age. As per the demutualisation scheme approved by the capital

Dhaka stocks declined for the third trading session on Monday due to a selling pressure. The key index of Dhaka Stock Exchange, DSEX, finished at 4,917.42 points, shedding 0.93 per cent or 46.47 points. Stockbrokers said investors, following the recent downbeat vibe at the market, opted to go slow in taking their next investment decisions. Mixed earning disclosures

Sim Replacement Tax Fin min to seek PM’s directive The finance ministry will seek prime minister’s instruction on a long-standing dispute between the National Board of Revenue and four mobile phone operators over SIM replacement tax worth Tk 3,062.20 crore, officials concerned said. Finance minister AMA Muhith will also discuss the matter with prime minister Sheikh ... Read more

Govt to conduct fresh cost analysis of bottled soya bean oil The commerce ministry on Sunday asked the Tariff Commission to conduct a fresh cost analysis of packed soya bean oil amid complaints that the commodity is selling at high prices. The prices of soya bean oil decreased by 23.80 per cent on the international ... Read more

Overall banking sector defaulted loans rise by 16708cr in Jan-Sept The scam-hit BASIC Bank topped the list of banks that accumulated highest defaulted loans of in the first nine months of 2014 as the overall defaulted loan in the banking sector soared by Tk 16,707.88 crore during the period. According to the Bangladesh Bank data released ... Read more

The latest move taken by the market regulator has also failed to stop the unprecedented rise in the share prices of Shahjibazar Power Company with the company’s share prices reaching the single-day maximum limit in the last three trading sessions. According to the data of Dhaka Stock Exchange, SPCL shares closed at Tk 286.60 on Sunday, ... Read more

Dhaka stocks declined on Sunday as investors went for selling their holdings to buy a handful of shares. Due to the investors’ move, three top traded shares — DESCO, Jamuna Oil, and Western Marine Shipyard — held significant amount of the day’s turnover. The benchmark index of Dhaka Stock Exchange,

The International Fund for Agricultural Development on Sunday in collaboration with INAFI Bangladesh and PROCASUR Corporation organised a follow-up workshop on ‘Learning Route’ to fine tune the action plans of development projects. A news release of IFAD, a specialised body of United Nations, and International Network of Alternative Financial Institutions on the

Centre for Policy Dialogue chairman Rehman Sobhan on Sunday emphasised on raising concerns and awareness on Bangladesh’s status and progress as regards the Millennium Development Goals and the Post-2015 International Development Agenda that follows the MDGs. Sobhan, also an eminent economist, was addressing