Business

DuPont president (south Asia and ASEAN) Balvinder Singh Kalsi is in Dhaka on a three-day official visit starting today, said a news release. DuPont is focused on growth on the emerging markets and Balvinder’s visit marks company’s efforts for strengthening presence in Bangladesh, it said. During his visit, Balvinder will meet business leaders, partners, customers and

Commerce minister Tofail Ahmed on Saturday said the global retailers’ groups — Accord and Alliance — were responsible for the negative growth in the country’s export earnings in the last couple of months of the current financial year. ‘Industrial accidents occur in many countries in the world but there are no operations of Accord on Fire ... Read more

The Federation of Bangladesh Chambers of Commerce and Industry has demanded that the National Board of Revenue should amend the existing National Tax Card Policy-2010, claiming that many of the actual and the highest taxpayers were deprived of recognition because of limitations of the policy. FBCCI, the apex trade body of the country, made a proposal ... Read more

Economists, researchers urge govt at a seminar Economists and researchers on Saturday said that the government should regularly generate updated, reliable and accurate economic data for making effective policy decisions. There is lack of consistent and updated data as well as quality research on various economic issues in the country, they said at a seminar ... Read more

IGW Revenue Share Cut Ministry questions BTRC’s temporary amendment process The telecommunications ministry has asked the Bangladesh Telecommunication Regulatory Commission to explain the procedure for temporary amendment to its licensing guidelines after the regulator proposed a change to the IGW guidelines to legalise lower revenue sharing. The ministry in a letter last week also suggested ... Read more

A three-day Business Week, organised by BRAC University Business Club, starts in the capital today aiming to develop corporate skill of students. The event will take place on the BRC University campus where a job fair and a seminar on youth employment will be held for the students in the first two days. BRAC University Business Club ... Read more

The price of imported garlic increased in the city’s kitchen markets over the week ending Friday due to a rise in demand for the commodity. Traders said the demand for the item increased as an off-seasonal shortage made the local garlic scarce on the city markets. They said that the price of imported garlic would remain ... Read more

Most of the mutual funds listed with the capital market performed better in the July-September period of this year compared with the same period of the previous year amid tightened regulatory supervision and improved market situation. Out of the 41 mutual funds listed with the capital market, 28 mutual funds have so far declared their quarterly ... Read more

The EU retailers’ group announces remediation guidelines Garment factory owners will have to take approval for designs of fire alarm, sprinkler system and auto-hydrant from Accord on Fire and Building Safety, a platform of EU retailers, before installing the systems in their factories, according to the remediation guidelines announced by Accord on Wednesday. ‘If the installation ... Read more

Overall point-to-point inflation dropped to a 23-month low to 6.60 per cent in October because of comparatively moderate rise in food prices, according to the data of the Bangladesh Bureau of Statistics. In November 2012, the point-to-point inflation rate was 6.55 per cent but the rate soared to 8.37 per cent in April 2013 before coming ... Read more

The Bangladesh Securities and Exchange Commission on Thursday asked all the listed companies to hold their annual general meetings within the city of their registered offices in a bid to make it convenient for the shareholders to attend the meetings. The capital market regulator issued an order in this regard as many of the listed companies ... Read more

The private sector credit growth inched up in September from that of the previous month as the country’s import payment increased significantly in the first quarter of this financial year. According to the latest Bangladesh Bank data released this week, the year-on-year credit growth rate in the private sector rose to 12.15 per cent in September ... Read more

The small entrepreneurs demanded collateral free loan facility and grace period for repayment through the SME banking window at a discussion meeting held in the capital on Thursday. The SME Foundation organised the discussion meeting at the SME fair jointly staged by the SMEF and the Bangladesh Bank. Entrepreneurs alleged that banks do not provide loans to

Dhaka stocks declined on Thursday, last trading session of the week, after a two-day rise due to a decreased participation of institutional investors. The key index of Dhaka Stock Exchange, DSEX, finished at 4,984.46 points, shedding 0.42 per cent or 21.19 points. The market on Thursday started positive with

Country’s trade deficit increased by 88.95 per cent to $2.39 billion in the first quarter of this financial year compared with that of $1.26 billion during the same period of the FY 2013-14 due to higher import growth against lower export growth. The deficit had posted a negative growth of 37.37 per cent in the July-September ... Read more

Global search engine giant Google Inc on Wednesday launched Google Bus project in Bangladesh to provide training and create awareness about internet. Google Bus will visit 480 educational institutions — colleges and universities — across the country where registered students will take part in training sessions

State-owned Ruposhi Bangla Hotel is yet to start physical renovation of the hotel and is set to missing the November schedule as it has failed to finish the tendering process for the work, said officials. RB officials said the reopening of the hotel might also be delayed by couple of months as the management missed asset ... Read more

The government has decided to intensify monitoring activities in implementation of mega development projects including Padma Multipurpose Bridge for ensuring speedy execution of projects under fast track initiative, officials of the Economic Relations Division said. ERD has also decided in principle to include the Matarbari 1200

The Chittagong Stock Exchange has got the Bangladesh Securities and Exchange Commission approval to appoint Wali-ul-Maroof Matin, a former chief executive officer of the bourse, as its managing director. A letter of the stock market regulator issued on Tuesday said the BSEC, as per the provision of the Chittagong Stock Exchange (Board and Administration) Regulations 2013,

Businesspeople, experts make the call at SME Financing Fair 2014 Businesspeople and experts on Wednesday urged the scheduled banks to set rate of interest on the SME loans at single digit instead of the existing high interest rate in a bid to strengthen the country’s financial inclusion. The request came from the inaugural session of the ... Read more