HOME  BUSINESS

Signing TICFA turns necessary for keeping US GSP

Commerce minister Ghulam Muhammed Quader on Sunday said it had become a ‘necessity’ for Dhaka to sign Trade and Investment Cooperation Framework Agreement with Washington to continue enjoying the... Full story

---

Bangladesh export to face setback

Bangladesh’s exports, particularly export of readymade garment, to European Union are likely to be affected in long term if India and EU sign a proposed free trade agreement, said officials of the Bangladesh Tariff Commission. Full story

---

Irregularities patronised by state dominating stock market: seminar

The capital market has become a den of corruption because of state-patronised irregularities, said speakers at a seminar at the Press Club in the city on Sunday. ‘The government through... Full story

---

Brokerage business in peril as stock crisis prolongs

A brokerage house on Sunday sent 37 of its employees on forced leave as a prolonged downtrend in the capital market has taken its toll on the brokerage business and the job of young executives. Full story

---

Skilled workers can boost remittance inflow: seminar

Sending skilled or semi-skilled workers, instead of unskilled labours, from Bangladesh can boost the inflow of remittance and upgrade status of the country’s manpower, said speakers at a seminar in Dhaka on Sunday. Full story

---

Stock prices, turnover fall at DSE

Dhaka stocks dropped on Sunday after two gaining sessions amid a sharp fall in turnover as large-scale investors continued to refrain from trading. DGEN, the benchmark general index of Dhaka Stock... Full story

---

China economy to rebound in 2013

China’s economy is poised finally to end a long downward trend in 2013, economists polled by AFP say, as the new communist leadership vows to retool the nation’s investment-led development model and promote a ‘happy life’ for all. Full story

---

Oracle Corp to fix Java security flaw ‘shortly’

Oracle Corp said it is preparing an update to address a flaw in its widely used Java software after the US Department of Homeland Security urged computer users to disable the programme... Full story

---

Southeast Bank gets new DMD

M Kamal Hossain has recently been promoted to the deputy managing director of Southeast Bank. Prior to his new position, he served the bank as its senior executive vice-president, said a news release. He joined the bank as vice-president in 2003 and served the organisation in different capacities. Full story

---

Khazanah, Sun Life to buy Aviva Malaysia operations

Canada’s Sun Life Financial and Malaysian state investor Khazanah have agreed to buy Aviva’s Malaysian insurance joint venture with lender CIMB for about 1.7 billion ringgit ($563 million), sources said on Sunday. Full story

---

European stocks edge higher on news of Japanese stimulus

European stock markets closed with modest gains on Friday, while the euro rose against the dollar as traders digested Chinese inflation data and the announcement of a stimulus package in Japan. Full story

---

Myanmar deposits hope in bank overhaul

As it strives to become Asia’s next economic star Myanmar has set its sights on overhauling its battered and distrusted banking system, a move which could pave the way for foreign lenders to open branches. Full story

---

Stimulus-addict Japan gets huge fix from Abe

After 20 years of addiction to stimulus in Japan, some analysts are sceptical about whether the latest $226.5 billion shot in the arm for the sickly economy will offer a permanent cure. Weeks after his landslide election victory, Prime... Full story

---

Gucci town beats Italy’s economic crisis with handbags

In this crisis-busting corner of Italy’s industrial heartland, the local college found jobs for all of its graduates last year and the latest plant to open was relocated from Germany. A short drive from the mediaeval palazzos of... Full story

---

US Treasury, Fed kill idea of $1 trillion platinum coins to avert debt crisis

The US Treasury Department said on Saturday it will not produce platinum coins as a way of generating $1 trillion in revenue and avoiding a battle in Congress over raising the US debt ceiling. The idea of creating $1 trillion by... Full story

---

Training programme on ADR launched

The Bangladesh International Arbitration Centre and US-based International Law Institute on Sunday launched a training programme on alternative dispute resolution. Law, justice and parliamentary affairs minister Shafique Ahmed... Full story

---

Mercantile Bank gets two new AMDs

Md Abdul Jalil Chowdhury and Monindra Kumar Nath have recently been promoted to additional managing directors of Mercantile Bank. Prior to his promotion, Jalil served the bank as its deputy... Full story

---