Business

Govt worried over economic impact The net investment in the national savings certificates and bonds increased by 197.26 per cent in the first month of the financial year 2014-15 compared with that of July of the FY14 as clients invested heavily in the savings tools due to lower rate of interest of deposit products of ... Read more

The prices of vegetables increased further on the retail markets in the city over the week ending Friday due to a supply shortage amid flood in different parts of the country. Traders said that the prices of vegetables increased as flood submersed new areas in different districts across the country and a supply shortage took ... Read more

BDO International, a global public accounting firm, has recently launched its Bangladesh operation. BDO is an international network of public accounting firms, the fifth largest global network of audit, tax and advisory firms providing professional services in 144 countries, with over 56,000 people working out of 1,264 offices worldwide having annual turnover

Foreign minister Abul Hassan Mahmood Ali on Tuesday said that if swindling of banks continued, it would affect the investment in the country. He said, ‘The businesspeople can apply for loans from banks. But swindling of banks must be stopped. Attack on banks must be stopped. All must follow rules.’ He made the remarks while speaking at ... Read more

The country’s six mobile phone operators added 3 lakh new subscribers in July which took the total active mobile phone subscribers of the country to 11.68 crore. The latest data of Bangladesh Telecommunication Regulatory Commission showed that of the six mobile companies, four witnessed gain in the subscriber

The National Board of Revenue has given 42-point instructions to its field offices emphasising on finding new potential sectors and individuals eligible to pay income tax and value-added tax as an important tool for achieving revenue collection target for the fiscal year 2014-15. In addition, it also asked its field offices for preparing lists of large ... Read more

The Bangladesh Securities and Exchange Commission on Tuesday fined two member-brokers of the Dhaka Stock Exchange Tk 5 lakh each as they violated different securities rules. The member-brokers are AB Securities Limited and Unique Share Management Limited. A commission meeting presided over by its

Approves Tk 300cr SIBL Mudaraba bond The Bangladesh Securities and Exchange Commission on Tuesday approved a Tk 18-crore initial public offering of National Feed Mill Limited. The capital market regulator took the decision at a commission meeting presided over by its chairman M Khairual Hossain, a BSEC news release said. As per the BSEC approval, National Feed ... Read more

Dhaka stocks advanced for the second trading session on Tuesday with the turnover hitting its fresh seven-month high as investors bought shares on an expectation that share prices would rise further. The key index of the Dhaka Stock Exchange, DSEX, increased by 0.57 per cent, or 26.30 points, to close at 4,590.65 points on the day. The ... Read more

Citibank NA Bangladesh on Tuesday launched a ‘Nationwide Road show on Electronic Payment’ to encourage clients and scheduled banks to increase the usage of the electronic fund transfer network. Bangladesh Bank deputy governor Nazneen Sultana inaugurated the road show at a hotel in the capital where the central bank and Citibank NA senior officials attended.

The 15th Textech Bangladesh 2014 International Expo, an international exposition, will be held at the Bangabandhu International Conference Centre in Dhaka in September 3-6. The exposition will showcase garments, textile apparel, technology and machinery of Bangladesh, said a news release on Tuesday. CEMS-Global,

The National Board of Revenue has not extended the reduced income tax rate facility for the readymade garment exporting industry in a bid to check tax evasion through shifting profit from other industries to export earnings, officials concerned said. Taking the advantage of reduced tax rate,

Farm loan disbursement declined by 7.88 per cent in the first month of the current financial year compared with that of the same month of the FY14 with no loan disbursement by 11 scheduled banks in the period. According to the latest Bangladesh Bank data, farm loan disbursement by all banks decreased to Tk 904.53 crore ... Read more

An investigation committee of the stock market regulator on unusual price hike of Shahjibazar Power Company’s shares has found evidence of price manipulation by a few investors, said BSEC sources. The two-member committee of Bangladesh Securities and Exchange Commission submitted the probe report to the commission on Monday. Sources said that

The Bangladesh Telecommunication Regulatory Commission has initiated a move to launch its own mobile application for better communication with public, said officials concerned. According to BTRC officials, the application will contain most of the feature of the current web site of BTRC. ‘It will also have separate complain option which will enable the mobile

Dhaka stocks advanced on Monday, after declining in previous three trading sessions, as investors turned their attention to shares of banks and non-bank financial institutions and other large capitalised companies. The key index of the Dhaka Stock Exchange, DSEX, increased at 4,564.34 points, adding 0.52 per cent or 23.74 points. Investors increased attention

Sixteen scheduled banks on Monday signed participant agreement with Bangladesh Bank to join the refinancing scheme of the central bank worth Tk 200 crore to inject necessary credit into the jute sector. Jute sector entrepreneurs will be able to receive loans from the refinance fund at the interest rate of 9 per cent. The banks made the ... Read more

Hallmark Scam Accused bank official found dead in prison cell Former manager of Sonali Bank’s Ruposhi Bangla Hotel Branch, AKM Azizur Rahman, was found dead at Bangabandhu Sheikh Mujib Medical College Hospital’s prison cell Sunday night. Dhaka Central Jail senior Superintendent Forman Ali told New Age that Azizur was undergoing treatment there for over a month. Azizur ... Read more

Indian minister claims Bangladesh exporters fail to understand their market Business leaders and experts on Sunday demanded that India should remove non-tariff and para-tariff barriers to help Bangladesh in increasing exports to the country to reduce the trade gap between the two neighbours. At the Bangladesh-India business conclave jointly organised by Indian Chamber of Commerce and ... Read more

The government is expected to announce a raft of policy measures soon to boost the local tourism industry keeping provisions of fiscal stimulus and exclusive zones to attract holiday-makers. The finance ministry is now busy preparing a draft package facility on tourism that would involve developing infrastructure in Cox’s Bazar and the districts in Chittagong