Capital machinery, industrial raw material imports slump
The import of capital machinery and industrial raw materials plummeted in the first five months of the current fiscal year, raising fears for the state of the country’s industrial sector and its overall growth. Full storyFM stresses better work environment for RMG workers
Urging the entrepreneurs to remain alert so that the country’s brand image remains untarnished, foreign minister Dipu Moni on Thursday said that better work environment for the garment workers would have... Full storyBSEC serves show-cause notice on bourse again
The Bangladesh Securities and Exchange Commission on Wednesday served a show-cause notice on the Dhaka Stock Exchange, the second time in the last 30 days, as its server faced technical glitch again. Full storyMinister accuses tannery owners of showing reluctance to relocate
Industries minister Dilip Barua on Thursday alleged that tannery owners were showing reluctance to relocate their factories at the leather industrial park of Savar. At a press briefing at the ministry, he said... Full storyAffected textile mills to get one more month to apply
The Bangladesh Bank on Wednesday extended the time limit by 30 days for submitting applications by the affected textile mills to get cash incentives. The government earlier announced 5 per cent cash incentive... Full storyDhaka stocks edge up
Dhaka stocks edged up on Thursday after two days of fall as some institutional investors went for buying on the day to keep the market afloat. DGEN, the benchmark general index of Dhaka Stock Exchange... Full storyBB to allow commission sharing with foreign brokers
The Bangladesh Bank has recently issued a guideline that lets local brokers share commissions with their foreign counterparts with a view to speeding up foreign portfolio investments. Full storySonali asked to strengthen audit body
The Bangladesh Bank on Thursday asked the Sonali Bank to improve its internal discipline and strengthen the audit committee in a bid to tackle scams like the Hallmark Group one, said a central bank official. Full storyUS economy to row against austerity tide in 2013
Washington has steered clear of severe austerity measures for now, reducing the risk of recession, but a clutch of US tax hikes will nevertheless be a drag on economic growth this year. Full storyStarbucks to open first outlet in Vietnam
Starbucks Corp said it will set up its first outlet in Vietnam early next month as the US chain continues to expand in fast-growing Asian markets, reports Reuters. Starbucks said it will partner with Hong... Full storyOil down as euphoria over fiscal cliff deal fades
Oil prices were down in Asian trade Thursday as the initial euphoria over the fiscal cliff deal in the United States faded, analysts said. Caution returned to markets, with traders realising tough battles still lie ahead... Full storyEuro down against dollar on fiscal cliff deal fears
The euro fell against the dollar in Asia Thursday as euphoria over the US fiscal cliff deal gave way to concerns about future budgetary rows in Washington. The single currency bought $1.3137 in afternoon Asian trade... Full storyBigger fights loom after ‘fiscal cliff’ deal
President Barack Obama and congressional Republicans face even bigger budget battles in the next two months after a hard-fought ‘fiscal cliff’ deal narrowly averted devastating tax increases and spending cuts. The agreement, approved late on Tuesday... Full storyUS fiscal deal could spell trouble for Asia’s investment winners
A resolution to the US fiscal cliff crisis, messy and protracted as it was, provided an immediate boost for financial markets but longer term could spell trouble for some Asian assets that are coming off a stellar 2012. Full storyChina services growth adds to economic revival hopes
