The country’s export earnings growth in the first half of the current fiscal year fell to 7.01 per cent from that of 14.72 per cent in the same period of the last fiscal year but earnings in November-December raised some hope of a revival.
The $12.60 billion export earnings in July-December of the current FY 2012-2013 expectedly fell 3.42 per cent short of the target of $13.05 billion... Full story
The private sector credit growth fell drastically in November of last year compared with that in October mainly due to a money supply tightening stance taken by the Bangladesh Bank, said officials of the central bank. Full story
Two state-run banks — Janata and Rupali — are likely to go to court against Sonali Bank to recover their money embezzled by Hallmark Group through fake inland bills from a Sonali branch. Full story
Dhaka stocks inched up amid volatile trading on Thursday as agitating retail investors took to the street demanding a stable market.
DGEN, the benchmark general index of Dhaka Stock Exchange, inched up... Full story
The Dhaka Stock Exchange board of directors on Thursday decided that it would ask its chief executive officer Musharraf M Hussain to submit his resignation letter to the board in its next meeting in person. Full story
A section of retail investors staged a demonstration in front of the Dhaka Stock Exchange on Thursday protesting at the relentless fall off share prices and failure of the government to address the situation. Full story
The Bangladesh Securities and Exchange Commission on Thursday increased the free limit of the brokers’ margin from Tk 5 crore to
Tk 10 crore.
The BSEC approved the amendment to the Dhaka Stock Exchange (Member Margin Rule) 2000... Full story
Komli Media representative Naveen Iftekhar will be travelling to Bangladesh in January with a view to exploring the digital advertising opportunities in the region.
Komli Media is APAC’s leading digital media company, powering... Full story
Oil prices climbed in Asia on Thursday after a surge in China's trade surplus sparked hopes the world's second largest economy and biggest energy user was firing up again.
The trade figures are the latest in a string of data... Full story
The euro was mixed in Asia on Thursday ahead of a European Central Bank meeting, with policymakers widely expected to stand pat on policy despite troubling eurozone economic data. Full story
More needs to be done to boost women’s and girl’s lagging online access, tech giant Intel Corp said in a report to be released later on Thursday that calls for doubling the number of female Internet users in developing nations over the next three years. Full story
Emerging markets ended 2012 with a modest acceleration in economic growth thanks to a pick-up in manufacturing activity that hints at further improvement in coming months, a survey found on Thursday. Full story
China’s export growth rebounded surprisingly sharply to a seven-month high in December, a strong finish to the year after seven straight quarters of slowdown, but subdued global demand means that the spike may not herald an enduring recovery. Full story
Fast-food chain KFC’s parent Yum Brands Inc apologised to customers in China over its handling of a recent food scare that has hit the company’s sales in its biggest market. Full story
Shri Hemant G Contractor, managing director and group executive of international banking of the State Bank of India, is scheduled to arrive in Dhaka on Sunday.
He will be accompanied by the bank’s chief general manager of international banking Shri Rajan Srinivasan, said a news release. Full story
Shahid Hossain has recently been appointed as the managing director of Southeast Bank.
Prior to his new role, he served the bank as its additional managing director, said a news release.
He joined the bank as a senior vice-president in 2003.
Shahid, a career banker, started... Full story
Emirates airline will increase its passenger-carrying capacity by 50 per cent on its Dubai-Lusaka-Harare route from February 1, adding more than 1,600 seats a week.
Therefore, a 354-seat Boeing 777-300ER will... Full story