FE Report | 2015-02-15 00:00:00
A leading trade body has said the capital market's vibrancy will largely depend on stable political environment throughout the year. In its October-December economic review, released Saturday, the Metropolitan Chamber of Commerce and Industry, Dhaka said while efforts were made...
Siddique Islam | 2015-02-15 00:00:00
The central bank mulls over introducing electronic money-better known as e-currency-on a pilot basis in the process of digitization of Bangladesh. Saying adieu to paper currency and metal coin is a brainchild of the Governor of Bangladesh Bank (BB), as...
FE Report | 2015-02-15 00:00:00
Anwar Group has set its target to be the largest manufacturer of cement sheet, a heat-resistant corrugated sheet, in the next 10 years. Started its production in March last year, Anwar Cement Sheet Ltd, a sister concern of Anwar Group,...
The total NAV of MTB Unit Fund stood at Tk 297,067,814.01 on the basis of cost price and Tk 248,986,364.45 on the basis of market price at the close of business operation on February 12, 2015, said a statement. The...
NEW DELHI, Feb 14 (Economic Times): Foreign institutional investors (FIIs) have been big and bullish on the India story, which explains the massive 30 per cent rally the markets saw in 2014. The rally was fuelled on hopes of strong...
JOHANNESBURG, Feb 14 (Reuters): South African stocks ended higher on Friday, helping the broader index notch up a second consecutive record high, as an upbeat tone in major overseas markets boosted sentiment. Woolworths was among the top gainers, extending gains...
NEW YORK, Feb 14 (Reuters): The S&P 500 index closed at a record high on Friday, as energy shares gained with oil prices, while the Nasdaq composite index hit a 15-year high helped by technology stocks. Equities rallied this week...
TOKYO, Feb 13 (Reuters): Japan's Nikkei share average fell on Friday, retreating from a 7-1/2-year closing high the previous day as investors took profits from gainers such as Fanuc Corp, but buying in cyclical stocks exposed to consumer demand limited...
FE Report | 2015-02-15 00:00:00
With political unrest 'significantly' straining manufacturing, an elite chamber has urged the government to adopt suitable measures to support the sector by plugging gaps in infrastructure, power and energy supplies. The Metropolitan Chamber of Commerce and Industry, Dhaka said "Infrastructure...
FE Report | 2015-02-15 00:00:00
Commerce Minister Tofail Ahmed Saturday expressed the hope that Bangladesh would turn into a middle-income country by 2021, saying that no conspiracy could stand in the way of its progress. "We see a bright future of Bangladesh. It is growing,...
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the BNP-led 20-party alliance on Saturday to withdraw its 72-hour nationwide hartal beginning 6.00am today (Sunday), reports BSS. In a statement the apex trade body condemned the cocktail attacks...
RAJUK to build 8,400 flats with Malaysia's help Rajdhani Unnayan Kartripakkha (RAJUK) will build 8400 flats at Uttara with the financial and technical support from Malaysia. With than estimated cost of Tk 50 billion (Tk 5,000 crore), the project will...
GENEVA, Feb 14 (AFP): A WTO panel largely ruled Friday against China in its row with the European Union and Japan over Chinese anti-dumping duties on imports of steel pipes. Japan and the EU went to the World Trade Organisation...
WASHINGTON, Feb 14 (Reuters): US consumer sentiment unexpectedly fell in February from an 11-year high amid worries over slowing economic growth, suggesting a recent weakness in spending might last for a while. The ebb in sentiment came despite strong job...
LUSAKA, Feb 14 (AFP): Zambia's President Edgar Lungu on Friday appointed a prominent economist and a World Bank director, Denny Kalyalya, as the country's new central bank governor, his office said. Kalyalya is leaving the World Bank where he has...
LAGOS, Feb 14 (Reuters): Nigeria's central bank banned banks on Friday from reselling dollars bought at a currency auction to other banks, dealers said, a move aimed at curbing speculation in the beleaguered naira currency. The naira has crashed through...
MUMBAI, Feb 14 (Reuters): India's HDFC Bank Ltd said on Saturday its quarterly net profit grew by a fifth, helped by a surge in corporate and retail credit demand amid hopes of a pick-up in Asia's third-largest economy. New Delhi...
PARIS, Feb 14 (AFP): French lawmakers voted late Friday in favour of proposals to introduce "international tourist zones" where shops would be open every Sunday and until midnight every night. Economy Minister Emmanuel Macron said the special zones, part of...
FE Report | 2015-02-15 00:00:00
Prospective foreign investors have adopted a 'go-slow' strategy in making fresh investments as their confidence in business environment shattered, the Metropolitan Chamber of Commerce and Industry (MCCI) said Saturday. The MCCI also said investors identified underdeveloped infrastructure, shortage of power...
FE Report | 2015-02-15 00:00:00
Speakers at a seminar Saturday identified various way-outs including improving infrastructure and governance to attract private sector investment that will help achieve the country's desired middle-income status by 2021. They also cautioned Bangladesh authorities for ensuring necessary preparedness before graduating...
FE Report | 2015-02-15 00:00:00
Dhaka Chamber of Commerce and Industry (DCCI) placed on Saturday some recommendations to the government including exploration of new global markets and diversification of products for increasing export with a view to turning the country into a middle-income one by...
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