FE ReportDhaka stocks edged marginally lower Monday amid volatile trading with fall in turnover value, as the investors booked profit at the later part of the trading session.The market analysts said the market fell due mainly to profit taking on...
Social Islami Bank Limited (SIBL) achieved significant growth in all areas of business in the just concluded calendar year 2011. "Our operating profit jumped to Tk 3.06 billion in the year ended December 31, 2011 against Tk 1.63 billion of...
A 33-member new Executive Committee was elected in the 10th Annual General Meeting of the Dhaka University Accounting Alumni held at University Commerce Faculty recently. Finance Head of Practical Action, Bangladesh S. M. Wahiduzzaman Babur was elected as president and...
Ismail HossainBangladesh film industry saw its worst period last year with the lowest number of movies produced during 25 years, as producers showed reluctance to invest in films.According to Bangladesh Film Exhibitors Association, 46 films were released in the calendar...
YANGON, January 2: Gas prices unexpectedly rose more than 30 percent for the new year in Myanmar and sparked fears of other goods costing more as well. Motorists learned of the increase at the pump Sunday when prices increased from...
FRANKFURT, January 2: The European Central Bank bought euro462 million ($598 million) in government bonds last week, an increase from the minimal purchases of the week before. The bond buys help keep down the elevated borrowing costs that are putting...
CARACAS, Jan 2 (BBC): Oil giant Exxon Mobil has won $908m (£586m) from an arbitration panel after the nationalisation of its Venezuelan oil project in 2007.However, this is less than 10% of what the oil giant had reportedly sought. The...
Monira MunniThe country has sufficient stock of urea fertiliser to meet the demand of Boro season, officials said.The government will import a total of 0.8 million tonnes of urea fertiliser from Qatar, Saudi Arabia and the United Arab Emirates (UAE)...
Sabia SiddiqueBangladesh has been treading the ICT path for a long time. But what is the current situation? What path should the country follow? Outsourcing? Software development? Or an amalgamation of both? What is the need of the local entrepreneurs?...
SEOUL, Jan 2 (Reuters): South Korea's manufacturing sector shrank the most in nearly three years in December as global demand cooled, a survey showed Monday, but President Lee Myung-bak cited inflation as a bigger risk in a year of big...
SEOUL, Jan 2 (AFP): South Korea's Samsung Electronics will this year focus on developing new products and tapping into new businesses to get ahead of competitors amid the global economic slowdown, its chairman said today. Lee Kun-Hee, in a New...
LONDON, Jan 2 (BBC): Activity in the eurozone manufacturing sector fell for the fifth successive month in December, but showed a slight improvement on the previous month, a closely-watched survey suggests.The Markit eurozone manufacturing PMI was 46.9, up from November's...
MUMBAI, Jan 2 (AFP): India's biggest auto maker Maruti Suzuki today said that its monthly sales for December fell 7.1 per cent year-on-year, as demand for cars weakened due to rising fuel costs and high interest rates. The company, which...
SM Abu Mohsin and Md Jahangir Hossain have recently been elected chairman and vice-chairman respectively of Continental Insurance Limited (CIL), said a press release.The election was held at the 112th meeting of the board of directors of the company at...
After previous day's uptrend the Benchmark general Index DGEN experienced mild pull back to register loss of slightly more than three tenths of a percent. Operating profit of all the listed/non-listed banks were published in various newspapers and despite some...
JAKARTA, Jan 2 (Reuters): Indonesia's export growth slowed to its lowest level in 25 months in November, while annual inflation eased in December, reinforcing expectations that the central bank will likely refrain from cutting rates until February. The impact of...
Jubair HasanThe country's garments and textile wastage ('jhut') exporters are worried over the future of their business, as recycling industry leaders have strongly proposed to stop shipments of these items to protect local industry.The businessmen, proposing to stop export of...
State-run Bangladesh Petroleum Corporation (BPC) will receive a $2.0 billion loan from the Jeddah-based Islamic Development Bank (IDB) to buy oil on the international market, a senior BPC official said Monday, reports Reuters."IDB has agreed to lend the money for...
The government will sign a loan agreement of $300 million with the Asian Development Bank (ADB) tomorrow (Wednesday) with a view to addressing critical power shortages, reports UNB.ERD Secretary Iqbal Mahmud and Country Director of the ADB Thevakumar Kandiah will...
PARIS, Jan 2 (AFP): French vehicle sales suffered a two percent drop last year and a dramatic 18 per cent fall in December, the CCFA automakers' association said Monday, as the auto sector heads into a difficult year.Slightly more than...
BANGALORE, Dec 02 (Reuters): India's manufacturing activity surged to a six-month high in December thanks to a spike in factory output and new orders from domestic and international firms, a recent survey of purchasing managers showed.The HSBC Markit India Manufacturing...
LONDON, Jan 2 (Commodity Online): Previous year has been a very mixed for Silver investors. By April it was very bullish for silver which rose 61 per cent compared to the closing level in 2010. Silver suffered a setback in...
Md Mazadul HoqueThe country's private banks have been focusing on farm loans without undermining corporate financing as per the directive of the central bank, bankers said.The banks are shifting their priorities investment to the agri-sector from once-dominant corporate lending to...
FE ReportBangladesh Garments Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA) will organise a four-day international exhibition titled 'Pacexpo-2012' from January 12 at the Bangabandhu International Conference Centre in the city.The 11th Garmentech Bangladesh and third International Yarn and Fabrics...
PARIS, Jan 2 (AFP): French banking giants BNP Paribas, Societe Generale and Credit Agricole are currently slashing about 1,000 jobs in the United States largely due to difficulties in raising dollars, a report said Monday.Diony Lebot, chief executive of SocGen...
NEW DELHI, Jan 2 (BBC): The Reserve Bank of India (RBI) has said it may ease its monetary policy amid fears of a global economic slowdown. Duvvuri Subbarao, the governor of RBI, told the BBC the bank is likely to...
WASHINGTON, Jan 2 (Reuters): Borrowing by small US businesses hit its highest level in nearly four years in November, pointing to underlying strength in the economy.The Thomson Reuters/PayNet Small Business Lending Index, which measures the overall volume of financing to...
ANKARA, Jan 2 (AFP): Turkey's exports increased by a record 18.2 per cent in 2011, reaching $134.6 billion, Economy Minister Zafer Caglayan said today. "This is a record in the history of the republic," the minister was quoted as saying...
BEIJING, Jan 2 (BBC): China has seen an improvement in a key measure of manufacturing, boosting optimism that steady economic growth will continue into 2012.The purchasing managers' index rose to 50.3 in December from 49 in November, the statistical office...
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