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Another tight BB monetary policy in the offing

Bangladesh Bank is going to take another contractionary monetary policy for January-June of 2013 with a view to tackle inflation, said central bank officials. The BB is likely to announce the tight monetary... Full story

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Remittance inflow crossed $14b in 2012

Remittance inflow increased by 16.49 per cent to $14.17 billion last year compared with that of 2011 thanks to significant appreciation of the dollar against the taka during the period, said Bangladesh Bank officials. The central bank data released on... Full story

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Govt to start FTA talks with Turkey

Bangladesh is going to start negotiations with Turkey for signing a free trade agreement to keep unharmed Bangladeshi readymade garments export which has been severely affected by imposition of 17 per cent safeguard duty by Ankara, commerce ministry... Full story

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DSE turnover dips to six-month low

Dhaka stocks fell for the second day on Wednesday with the turnover hitting a six-month low as large scale investors refrained from trading following Bangladesh Bank’s order to the banks to report suspicious stock transactions. Full story

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US avoids calamity in ‘fiscal cliff’ drama

The United States averted economic calamity on Tuesday when lawmakers approved a deal to prevent huge tax hikes and spending cuts that would have pushed the world’s largest economy off a ‘fiscal cliff’ and into recession. Full story

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BGMEA protests at labour charge hike at ICDs

Bangladesh Garment Manufacturers’ and Exporters’ Association at a press conference here on Wednesday threatened to launch tougher programmes against what it termed an unusual labour charge hike at private... Full story

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Hong Kong shares start 2013 at 19-month high

Hong Kong shares surged 2.89 per cent Wednesday after US lawmakers backed a deal to avert the ‘fiscal cliff’ and on fresh evidence the Chinese economy has picked up, kicking off 2013 at a 19-month high. Full story

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Crude rises on US fiscal cliff deal

Oil prices rose in Asia on Wednesday as traders cheered the passing of a US deal to avoid a ‘fiscal cliff’ of tax hikes and huge spending cuts, analysts said. New York’s main contract, light sweet crude for delivery in... Full story

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Euro up against dollar as US backs fiscal cliff deal

The euro surged against the dollar on Wednesday as traders flocked to the riskier single currency after the US Congress had endorsed a deal to avert the ‘fiscal cliff’ budget crisis. The euro strengthened to $1.3258 in... Full story

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Eurozone factory slump deepens but Asia rises

Eurozone factories sank deeper into recession in December as new orders tumbled, business surveys showed on Wednesday, a sharp contrast to continuing signs of revival in China. US manufacturing reports, to be released later in the day... Full story

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India’s FM says current account deficit worrying, eyes gold curbs

India’s record current account deficit is ‘worrying,’ finance minister P Chidambaram said on Wednesday, and hinted at cutting gold imports to bolster weak external accounts that have brought back memories of... Full story

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Singapore avoids recession with Q4 growth

Singapore escaped a technical recession after the economy grew in the fourth quarter thanks to a boost from services, government data showed Wednesday, but prospects for 2013 remain gloomy. Gross domestic product rose by an estimated... Full story

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Macau gambling revenue hits record $38b

Macau’s gambling revenue jumped 13.5 per cent to a record $38 billion in 2012, official figures showed Wednesday, despite the pace of growth in the world’s largest gaming hub slowing from a year earlier. Full story

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Europe is ‘real risk’ for global economy: Stiglitz

Debt problems in both the United States and Europe represent the biggest risks for the global economy in 2013, Nobel prize laureate Joseph Stiglitz wrote in a newspaper article on Wednesday. Full story

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Emirates inks deal with StanChart

Emirates airline on Monday signed an agreement with Standard Chartered Bank at the airline’s office in the capital’s Gulshan, with a view to facilitating travel for travellers in Bangladesh. As per the agreement styled ‘TripDirect’, Standard... Full story

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