Siddique Islam The central bank continues its foreign exchange support through selling US dollar directly as well as providing overdraft (OD) facilities to the commercial banks for settlement of import bills. As part of the operation, the Bangladesh Bank (BB)...
Sonia H Moni Local jewellers have reduced prices of gold by around Tk 1,200 per 'bhori' (11.66 grams) on an average following downward trend in its price in the international market, traders said. "The price of 22-carat gold will be...
Fazle Rashid NEW YORK, Nov 22: King Abdullah II of Jordan made a surprise trip to Ramallah to confer with President Mahmoud Abbas as both men begin risky reconciliation effort with Hammas. Abbas will begin power sharing talks with Khaled...
FE Report Turnover on the Dhaka Stock Exchange (DSE) crossed Tk 8.0 billion-mark Tuesday which was the highest in almost four months and DGEN soared more than five per cent. Total turnover value stood at Tk 8.03 billion in value...
MUMBAI, Nov 22: Markets were trading near the day's high on sustained buying in metal and IT shares. BSE Sensex touched a high of 16,213 after gaining steadily for most part of the day. The Sensex was up 182 points...
FE Report The general shareholders of Delta Brac Housing Finance Corporation Ltd. (DBH) Tuesday unanimously approved 100 percent stock dividend (i.e. one bonus for each ordinary share held) for the fiscal 2010-11 as proposed by the Board of Directors. The...
FE Report The Securities regulator Tuesday gave operational approval to the much-awaited Tk 50 billion largest ever open-ended mutual fund--Bangladesh Fund (BF), one IPO and one right approval, official said. The decision came at a commission meeting, chaired by Securities...
FE Report Holcim (Bangladesh) Ltd, i.e. HBL, a leading cement manufacturer of the country has announced capacity expansion project. The expansion project, which is expected to start commercial production in mid-2013, will produce additional 110 ton cement per hour to...
The 4th extraordinary general meeting (EGM) of International Leasing and Financial Services Limited (ILFSL) was held in the city recently. Chairman of the company Mahbub Jamil was present at the meeting. The EGM approved the change of denomination of each...
FICCI elects new president, vice-president Syed Ershad Ahmed and Laurent Therond have been elected president and vice-president respectively of Foreign Investors' Chamber of Commerce & Industry (FICCI) for 2011-2013. Syed Ershad Ahmed is the CM & Managing Director of Expeditors...
Monira Munni Superstores are booming in urban areas as major players go for expansion by banking on well-heeled consumers and middle-class people, industry people said. Retail shops have been faring well for the last two years, with the annual sales...
Pankaj Dastider CHITTAGONG, Nov 22: Desh Shipbuilding and Engineering has recently entered into the flourishing shipbuilding industry in Bangladesh with an aim to build specialised aluminium ships. Established in May 2008 under the umbrella of Prantik Group, the company has...
A five-day South Asian forum concluded Tuesday with a pledge to build the region free from hunger, poverty and imperialistic aggression. The pledge was made in the Dhaka Declaration at Shuhrawardi Udyan in the city, said a statement. Mass congregation,...
Ismail Hossain The insurance regulator has rejected the appointment of chief executive officer (CEO) of Golden Life Insurance Company Ltd. as it was a violation of law. Insurance Development and Regulatory Authority (IDRA) issued a letter on Monday saying that...
FE Report Bangladesh's single country trade fair in Myanmar, which was supposed to be held this month (November), is likely to be held in March next year mainly due to lack of interest among traders. "The new date of Bangladesh...
Biman gets 2nd Boeing plane today State carrier Biman is getting the delivery of second Boeing 777-300 ER today (Wednesday), a senior official said. American aviation giant Boeing delivered the first B777-300ER aircraft to Biman Bangladesh Airlines last October and...
WASHINGTON, Nov 22: Medical device maker Medtronic Inc reported higher quarterly earnings on Tuesday as sales in most of its businesses improved. Earnings were $871 million, or 82 cents per share, in the second quarter ended October 28, compared with...
SINGAPORE, Nov 22 (AFP): Growth in East Asian economies will slow next year with demand from key export markets in the United States and Europe falling as they struggle with their debt crises, the World Bank warned Tuesday. However, the...
CHENGDU, Nov 21 (Xinhua): China and the United States signed five economic and trade agreements Monday. The agreements are related to intellectual property rights, technology, trade statistics, energy and business cooperation. A signing ceremony for the agreements was held after...
MANAMA, Nov 22 (Reuters): Islamic finance assets around the world are expected to climb 33 per cent from their 2010 levels to $1.1 trillion by the end of 2012, boosted by the aftermath of the Arab Spring uprisings and dissatisfaction...
ZURICH, Nov 22 (Reuters): Swiss exports to the European Union fell 2.2 per cent year-on-year in October, adding to signs that sluggish demand in Switzerland's biggest trading partner is hurting firms already suffering from the strong Swiss franc. Exports overall...
ISLAMABAD, Nov 22 (Xinhua): The State Bank of Pakistan's latest data showed that investors remained cautious to inject foreign investment in Pakistan, which witnessed a fall of 58 per cent in the first four months of current financial year (July...
NEW DELHI, Nov 22 (Economic Times): The European Union is ready to ease visa rules for professionals if India agrees to open up more of its sectors and markets as part of a proposed free-trade agreement the two sides hope...
The Benchmark General Index DGEN rallied sharply after slowing down previous day to register gain of more than 5 percent. The market got added impetus on DSE board's 8 point recommendations to the regulator which included making sponsor holding to...
An evaluation committee of the Bangladesh Energy Regulatory Commission (BERC) Tuesday suggested raising electricity tariffs by 9.09 per cent for the retail consumers in the city, living in the areas administered by the Dhaka Power Distribution Company (DPDC), reports UNB....
HYDERABAD, India, Nov 22 (Reuters): India's central bank Chief Duvvuri Subbarao Tuesday said monetary steps may be warranted to curb inflation expectations in face of sustained high food inflation, flagging the need to revisit politically sensitive subsidy schemes in agriculture....
Tea prices in Bangladesh were steady at weekly auction on Tuesday after edging up at the previous week for the first time in two months, due to good demand from buyers while the amount sold dropped, brokers said, reports Reuters....
SINGAPORE, Nov 22 (Reuters): Brent crude rose above $107 a barrel Tuesday as fresh sanctions on Iran, and the prospect of possible military action, offset persistent worries about the health of Western economies and their fuel demand. The United States,...
Jasim Uddin Haroon Film distributors Tuesday expressed their hope to revamp the country's movie theatres following government's permission to screen Indian films in the local cinemas. The government banned screening of Indian movies in the local cinemas in 1973 to...
SINGAPORE, Nov 22 (Reuters): Spot gold rebounded Tuesday, as a decline of more than 2 percent in the previous session attracted some buyers, while worries about debt crises in both the United States and the euro zone are expected to...
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