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Shahjibazar allowed to be traded in normal mkt

FE Report | 2015-07-15 00:00:00

The securities regulator has exempted the share trading of Shahjibazar Power Company Limited (SPCL) from spot market to resume the company's trading in normal market, officials said. The Bangladesh Securities and Exchange Commission (BSEC) Tuesday took the decision at a...

ACMD course on \\\'Capital Market Research\\\' begins July 31

FE Report | 2015-07-15 00:00:00

Accounting for Capital Market Development in Bangladesh (ACMD) will conduct a training programme on 'Capital Market Research'. The program will start on July 31. All the training sessions will be held on Fridays and from 9:00 AM to 12:00 PM...

DSE restructures two price indices

FE Report | 2015-07-15 00:00:00

The Dhaka Stock Exchange (DSE) Tuesday restructured two price indices and added two companies to the benchmark index, DSEX, as part of its quarterly and semi-annual rebalancing of indices. The premier bourse reconstituted the indices in accordance with DSE Bangladesh...

News Briefs

2015-07-15 00:00:00

Bourses go for six-day Eid vacation The Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) are going for six days vacation from today (Wednesday) on the occasion of Eid-ul-Fitr, officials said. After the Eid-ul-Fitr holidays, the normal trading and...

Photo: Financial Excellence Limited (FinExcel)

2015-07-15 00:00:00

Photo: Bank Asia

2015-07-15 00:00:00

Photo: Eastern Bank Limited (EBL)

2015-07-15 00:00:00

Photo: Islami Bank Bangladesh Limited

2015-07-15 00:00:00

GP declares 80pc interim dividend

FE Desk | 2015-07-15 00:00:00

The Board of Directors of Grameenphone has declared interim dividend in cash at the rate of 80 per cent of the paid up capital (BDT 8 per share of BDT 10 each) for the year 2015 out of the provisional...

Photo: Citycell

2015-07-15 00:00:00

Daily Market Update

2015-07-15 00:00:00

Mobile banking thrives on Eid transactions

Badrul Ahsan | 2015-07-15 00:00:00

Cash transaction through mobile banking system has increased manifold ahead of Eid as people want to secure the money they transfer, operators and customers said.  They said sending money to near and dear ones to help them buy Eid gifts...

39 BASIC bank officials punished for malpractice

Syful Islam | 2015-07-15 00:00:00

Some 39 officials of the scam-rattled BASIC Bank Ltd have been meted out various punishments like dismissal, suspension and departmental action for their involvement in massive irregularities, officials said. The punitive actions have been taken since the rot inside the...

Talks underway to invite PayPal to launch operation

Khairul Islam | 2015-07-15 00:00:00

Bangladesh is considering inviting the American internet-based payment gateway PayPal to the country to ensure smooth and secured online financial transaction, sources said. They said the government has launched a series of talks with the global online payment gateway operator...

BB asks banks to ensure ATM, POS operations during festival

Siddique Islam | 2015-07-15 00:00:00

The central bank has asked the commercial banks for ensuring operations of their ATM (Automated Teller Machine) and POS (Point of Sale) network round-the-clock during the Eid vacation, officials said. "The central bank has given the directive to ensure digital...

News Briefs

2015-07-15 00:00:00

BB's Motijheel, Ctg cash offices open today The Motijheel and Chittagong offices of Bangladesh Bank's Cash Department will remain open today (Wednesday) to facilitate the payment of salary, bonus and other remunerations of the readymade garment workers. A Bangladesh Bank...

Photo: Modhumoti Bank Limited

2015-07-15 00:00:00

Develop deep-sea port to emerge as regional transportation hub: ICCB

FE Desk | 2015-07-15 00:00:00

Bangladesh needs to develop a deep-sea port to emerge as the transportation hub in the South Asian Region, the International Chamber of Commerce-Bangladesh said. In the editorial of the ICCB News Bulletin released on Tuesday, the chamber also identified energy...

Pre-Eid call rate declines

2015-07-15 00:00:00

Only a few days to go before one of the biggest annual festivals, Eid-ul-Fitr, banks this year apparently are in a comfortable position to meet the cash demands of their clients as they are borrowing less from interbank call money...

KFC, Pizza Hut, Ambala Inn fined

2015-07-15 00:00:00

National Consumer Rights Protection Department has fined 51 fast food shops or restaurants, including well-known brands such as KFC and Pizza Hut, for serving unhygienic food and expired products. They were slapped with a total fine of Tk 0.55 million...

Power Division inks APAs with 12 state-owned entities

FE Report | 2015-07-15 00:00:00

The Power Division inked Tuesday separate Annual Performance Agreement (APA) with 12 state-owned entities in the power sector regarding Key Performance Indicators (KPI) for fiscal year (FY) 2015-16 aiming at transparency, accountability and responsibility of entities and individuals. Power Division...

Photo: Electro Mart Ltd,

2015-07-15 00:00:00

Exchange Rate

2015-07-15 00:00:00

Third-party scrutiny of TIN in 25 areas shortly

Doulot Akter Mala | 2015-07-15 00:00:00

Third-party verification of TIN is likely to come into effect shortly so that service-providing entities can crosscheck authenticity of the tax files of those seeking services in a variety of fields. The authority concerned has already uploaded the verification system...

Equitably sharing the prosperity

Sadiq Ahmed | 2015-07-15 00:00:00

In the fiscal year (FY) , 2014-2015, Bangladesh's total gross national income (GNI) reached US$ 211.3 billion, implying a per capita GNI of US$1338 and crossing thereby the threshold of the World Bank's lower middle income country (LMIC). Although the...

What’s the rush?

Shamsul Huq Zahid | 2015-07-15 00:00:00

A few prayers for restructuring large loans worth Tk.146.58 billion (14,658 crore) from 10 large borrowers are now under scrutiny of the country's central bank. More than one-third of the amount belongs to one large corporate house. The Bangladesh Bank...

Three ministers, two state ministers sworn in

2015-07-15 00:00:00

Three ministers and two state ministers were sworn in Tuesday evening as Prime Minister Sheikh Hasina expanded her cabinet for the second time inducting three new faces, report agencies. President Abdul Hamid administered the oath in presence of Prime Minister...

Foreign sailors at seaport denied shore-leave pass

Jasim Uddin Haroon | 2015-07-15 00:00:00

Chittagong Port immigration police have temporality stopped issuing shore-leave pass to foreign sailors, leaving them in a quandary as they cannot get in the mainland Bangladesh to meet exigencies. Shore leave is permission that professional sailors get to spend time...

BB approves Hamid’s reappointment as MD of Agrani Bank

Siddique Islam | 2015-07-15 00:00:00

The central bank has approved Tuesday the reappointment of Syed Abdul Hamid as the Managing Director and Chief Executive Officer of the Agrani Bank Limited for another year, officials said. The Bangladesh Bank (BB) gave the approval responding to two...

Prayer timings

2015-07-15 00:00:00