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DSE CEO resigns over board ‘interference’

The chief executive officer of Dhaka Stock Exchange, Musharraf M Hussain, on Wednesday resigned after the board of directors grilled the management team led by Musharraf on the day before over repeated... Full story

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BB to relax charge on inter-bank transaction

Bangladesh Bank on Wednesday decided to relax the charge it had put earlier on clients for inter-bank money transaction through cross cheque and electronic fund transfer due to widespread criticism from business... Full story

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Expert meeting on MDGs-2 in Dhaka Jan 11-13

The Centre for Policy Dialogue on Wednesday termed the quality job creation and removal of income inequality as most important issues for the least developed countries and emphasised on including those in the next Millennium Development Goals as United Nations development agenda. At a news briefing on expert meeting of Southern... Full story

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Improved standard can boost shrimp export

The country’s exporters should be aware about various compliance and standard issues and enhance capacity of farmers and processors to meet buyers requirement to materialise immense potential of shrimp... Full story

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Stocks end flat

Dhaka stocks ended flat on Wednesday amid higher turnover as investors remained sceptical about the next move by the large scale investors after the market regulators had punished some... Full story

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BB allows commission sharing with foreign brokers

The Bangladesh Bank on Wednesday said that local brokers could share commissions with their foreign counterparts by taking prior permission from the central bank. The BB issued a circular to authorised dealer... Full story

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Novo Air starts operation

Novo Air, another domestic airline, started its commercial operation on Wednesday with flights to four destinations. ‘Introduction of another domestic airline actually shows the progress the country has made and... Full story

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Oil prices down in Asian trade

Oil prices fell in Asian trade Wednesday on lingering concerns over the US economy despite better-than-expected earnings by aluminium giant Alcoa. Global markets have shifted their attention from the US fiscal debate... Full story

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Yen gives up early gains in Asian trade

The yen slipped back into its recent weakening trend on Wednesday, giving up early gains, with dealers saying the reversal was largely down to dollar buying among importers and investors. Full story

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China economy to overtake US by 2019: state research

China will overtake the United States economically within six years, an official research institute predicts, and go on to become the world’s most important country in three decades more, state media said Wednesday. Full story

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Malaysia exports rebound as China demand returns

Malaysian exports returned to a growth path in November following a one-month contraction, as demand from the important Chinese market rebounded, the trade ministry said Wednesday. Full story

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India trims 2012/13 fuel demand forecast on slow growth

India cut its forecast for fuel demand in the current fiscal year by nearly 1 per cent to 155.6 million tonnes, government data showed, due to a slowdown in economic activity. The economy, which grew at 6.5 per cent in the... Full story

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Samsung’s big push for 2013: content, corporates

Samsung Electronics, the global leader in consumer smartphones, is planning two major thrusts in 2013: bulking up mobile content and moving faster into the corporate market dominated by Research in Motion. Full story

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Windows 8 sales steady, hit 60m since Oct launch

Microsoft Corp has sold 60 million licenses and upgrades for its new Windows 8 operating system in the 10 weeks since its launch, one of the top executives of the company’s Windows unit said at the Consumer Electronics Show on Tuesday. Full story

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