Business

As Muslims around the world is celebrating Eid-ul-Azha this week, some Bangladeshi families are turning to the web to buy their sacrificial animals, changing a centuries-old tradition, reports Voice of America. Muslims in South Asia traditionally buy cows, goats and other animals from outdoor cattle markets for Eid-ul-Azha sacrifice. Throughout the month preceding the annual Muslim ... Read more

Dhaka Regency, a business class hotel, has announced a special package on the occasion of Eid-ul-Azha celebration, said a news release. The package has been specially designed for all types of Standard Chartered Bank card holders who are local residents and will be entitled to have one night accommodation up to two adults and two children ... Read more

Scheduled banks continued to cut the rate of interest on their deposit products due to an increasing trend in excess liquidity in the banking sector, according to the latest Bangladesh Bank data. The BB data showed that the banks had cut consecutively the interest rate on their deposit products in recent months including August. The weighted average ... Read more

With only a few of days left for Eid-ul-Azha, the second biggest religious festival of the Muslims, blacksmiths and knife sharpeners across the capital are passing busy times in their works. Akbar Hossain, a blacksmith in the capital’s Karwan Bazar, who was hammering on a burnt iron sheet to make a sharp knife called ‘chapati’, ... Read more

Prices of spices remain high The prices of vegetables and fish increased on the retail market in the capital due to supply shortage and higher transportation cost ahead of Eid-ul-Azha, said traders. They said the supply of fish and vegetables decreased in the city due to Eid and the truckers were charging extra money as ... Read more

Traders have set the maximum price of cow rawhide at Tk 70-Tk 75 per square feet in Dhaka and Tk 60-Tk 65 for outside of the city. The price is lower by Tk 15 a square feet from the price of last year. The traders set the lower price of rawhide in excuse of declining demand ... Read more

Ministry backtracks as Latif faces removal The telecommunication ministry has apparently dropped the idea of giving retrospective effect to the reduced charge for IGW operators for international call termination from July 1 after the prime minister decided to sack the telecom minister Abdul Latif Siddique. After the BTRC on September 18 announced the new

The country’s inward remittance increased by 21.85 per cent to $3.98 billion in the first quarter of this financial year from $3.27 billion in the corresponding period of the FY 2013-14 as expatriate Bangladeshis sent huge amount of foreign exchange to their relatives on the occasion of Eid-ul-Fitr and Eid-ul-Azha. According to the BB data released ... Read more

The National Board of Revenue has asked all brokerage houses under Dhaka Stock Exchange and Chittagong Stock Exchange for updating the data of individual shareholders having 12-digit e-TINs (taxpayer identification numbers), officials said. The revenue board made the directive in the context of complications being faced by the listed companies in deducting tax at source

Government’s tax collection from the Dhaka Stock Exchange hit two-year high in September as the National Board Revenue collected Tk 24.94 crore from the bourse in the month. September’s tax collection from the Dhaka bourse was the highest after Tk 27.83 crore in September 2012. The government in September 2012 collected Tk 18.76 crore

9-day market closure begins today Bullish trend at the Dhaka bourse sustained for the third trading session on Thursday, the last trading session before a nine-day closure for Eid-ul-Azha, Durga Puja and weekly holidays, as investors remained positive about the market’s upward run. The key index of Dhaka Stock Exchange, DSEX, rose

The country’s trade gap with India recorded its all-time high in the last financial year at $5.57 billion as different non-tariff barriers continued to limit Bangladesh’s exports to the neighbouring country, said economists and experts. The trade deficit between Bangladesh and India increased by 33.76 per cent to $5.57 billion in the FY14 from $4.17 billion ... Read more

Revenue collection by the National Board of Revenue grew by 14.92 per cent in the first two months of the current fiscal year depending on a big boost in August compared with that of the same period of the last fiscal year, according to the data of the National Board of Revenue. In July-August of ... Read more

The Bangladesh Telecommunication Regulatory Commission has approved a proposal of the international gateway operators to form a cartel to control the international call termination business. The cartel, International Gateway Operators Forum or IOF, will consist of all the IGW operators where four politically influential IGWs and three large IGWs will be controlling the internetwork

Hundreds of clients of IFIC Bank suffered as transaction at the bank remained suspended due to technical glitch at the core banking software of the bank on Wednesday, two day before the weekend, Puja and Eid holidays. No clients could withdraw any money through cheque or ATM booths till 6:00pm on Wednesday as the bank’s main ... Read more

The International Monetary Fund has again asked the government to recapitalise the errant state-owned banks despite its observation that decisive steps are needed to improve their overall conditions. Visiting IMF official Rodrigo Cubero in a press statement on Wednesday said the government should recapitalze the SCBs gradually as required despite the fact that unprecedented loan

The net overseas investment at the Dhaka Stock Exchange rose sharply to Tk 426.25 crore in September after slumping in the previous month as improved political and economic indicators boosted the foreign investors’ confidence. The foreign investors in September bought shares worth Tk 589.60 crore against their share sales worth Tk 163.35 crore with the total ... Read more

Dhaka stocks advanced sharply for the second trading session on Wednesday with the key index of Dhaka Stock Exchange, DSEX, making the highest single-day gains in this year as investors were expecting further rise in share prices. The DSEX on the day rose by 1.55 per cent, or 78.96 points, to close at 5,153.26 points on ... Read more

Online classified ad site ‘Ekhanei.com’ has called upon sellers to post ads of sacrificial animals for free on the web site. For the upcoming Eid-ul-Azha the site is getting busier with ads of sacrificial animals, said a news release on Tuesday. More than three ads for cattle and other sacrificial animals are being posted per minute on ... Read more

The number of active mobile users in the country reached to 11.75 crore in August when four out of the country’s six mobile phone operators added new subscribers while the rest two lost users. According to the latest data of Bangladesh Telecommunication Regulatory Commission, leading mobile phone operator Grameenphone added more than 3 lakh new subscribers ... Read more