Business

Apple Inc plans to enable its next iPhone to become a mobile wallet by allowing owners to securely make mobile payments in a store with the touch of a finger, Bloomberg said on Sunday, citing a person familiar with the situation, reports Reuters. The agreement includes participation by Visa Inc,

Bangladesh Jute Mills Corporation on Monday claimed that it could not purchase raw jute due to fund crisis though the season of purchasing jute is running out. At a view-exchange meeting with journalists, BJMC chairman Humayun Khaled said that they were not getting funds despite repeated requests made to the

Bangladesh becomes ITPEC member The inclusion of Bangladesh in the Japan-based Information Technology Professional Examination Council, a regulatory body for ICT engineers’ examinations, will help local engineers gain exposure on the international market, said Japanese officials in Dhaka on Monday. The Bangladesh Computer Council and the Information

Dhaka stocks finished flat on Monday after a two-day fall. The key index of Dhaka Stock Exchange, DSEX, closed at 4,554.97 points, adding 0.11 per cent or 5.45 points. Turnover at the bourse increased slightly to Tk 501.46 crore on Monday from Tk 494.06 crore in the previous trading session. The market started positive

Four state-owned commercial banks recovered only Tk 212 crore, or 34.02 per cent, from their top 20 loan defaulters in the first six months of 2014 against the annual target of Tk 623 crore, the latest Bangladesh Bank data showed. The four banks – Sonali, Janata, Agrani and Rupali — fell way short of achieving their ... Read more

Dhaka and Ankara last week concluded their exploratory mission with positive note to strike an FTA between the two countries to boost trade and investment, a senior trade official at the commerce ministry said on Sunday. The meeting held in the Turkish capital from August 26 to 28 finalised a draft terms of reference that outlines ... Read more

The government is yet to amend the Bank Deposit Insurance Act 2000 to bring non-bank financial institutions under the deposit insurance scheme although Bangladesh Bank took the initiative three years ago, said officials of the central bank. The BB took the initiative to amend the act in 2011 to

Non-Listed Co Shares Rules eased for repatriation of sales proceeds by foreigners Bangladesh Bank on Sunday relaxed the guidelines for foreigners for repatriating their equity investments in non-listed and private limited companies in Bangladesh after selling the shares. The BB issued the guidelines and a circular to authorised dealer branches of all scheduled banks in this ... Read more

Internet Safety Solution BTRC to float tender for third time The Bangladesh Telecommunication Regulatory Commission has decided to float fresh tender for the third time for internet safety solution as the Central Procurement Technical Unit, a government body for public procurement, raised objection about the ongoing process, said officials concerned. CPTU officials said the BTRC violated ... Read more

Dhaka stocks declined for the second trading session on Sunday with remarkable decline in turnover as investors opted for wait-and-see move regarding the political situation to take fresh investment move. The key index of the Dhaka Stock Exchange, DSEX, declined to 4,549.51 points, shedding 0.62 per cent or 28.47 points on the day. Turnover of the

Mobile phone operator Robi Axiata Limited has signed an agreement with Bikroy.com that will allow all subscribers free browsing on the online site from today. Bikroy.com has a selection of popular second hand items all over Bangladesh. On the web site one can buy and sell almost everything and make deals.

Embezzlement Of Tk 30cr BB asks Prime Bank to refund 2,500 jobseekers by Sept 30 Bangladesh Bank has again asked Prime Bank to refund the undertaking money its mobile banking service solution provider SMG Infocom Ltd collected from 2,500 jobseekers by September 30 this year as ‘the bank cannot avoid the responsibility for the fraudulent ... Read more

The Bangladesh Telecommunication Regulatory Commission has allowed paying utility bills from abroad through mobile balance recharge, said a BTRC directive. The telecom regulator last week issued a fresh no objection certificate in favour of the international payment and recharge service operators where it said

Embezzlement Of Tk 30cr BB asks Prime Bank to refund 2,500 jobseekers by Sept 30 Bangladesh Bank has again asked Prime Bank to refund the undertaking money its mobile banking service solution provider SMG Infocom Ltd collected from 2,500 jobseekers by September 30 this year as ‘the bank cannot avoid the responsibility for the fraudulent ... Read more

The Bangladesh Telecommunication Regulatory Commission has allowed paying utility bills from abroad through mobile balance recharge, said a BTRC directive. The telecom regulator last week issued a fresh no objection certificate in favour of the international payment and recharge service operators where it said

Alliance Insepction 2 more RMG units partially closed The government-set review committee on Saturday asked the authorities of two garment factories — Benhid Apparels and Love Craft Garments — to close parts of their factories as inspection teams of North American retailers’ group found the factory buildings unsafe. The factories are located in the Dhaka ... Read more

The National Board of Revenue has asked its officials to speed up the process of imposition of fees on foreign satellite channels as charge for entering Bangladesh. Expressing dissatisfaction over delay in taking steps in this regard, NBR chairman Ghulam Hussain has recently instructed income tax and value-added tax

The telecom regulator is revising the rules and market condition of the VoIP Service Providers (VSPs) as around half of them are out of business, said officials. Officials of Bangladesh Telecommunication Regulatory Commission said as the government issued huge number of licenses without considering the market

DSE Weekly Review Dhaka stocks rebound with increased turnover Dhaka stocks rebounded last week after a decline in the previous week with an increased turnover as investors were expecting that the share prices might increase further. The benchmark key index of the Dhaka Stock Exchange, DSEX, finished at 4,578 points, adding 0.68 per cent or ... Read more

Ranganathan Somanathan, COO of Starcom MediaVest Group, is due to arrive in Dhaka today on a two-day visit. He will meet colleagues from Bangladesh and a number of key clients and stakeholders during the visit, said a news release. Ranganathan was named the Starcom MediaVest