BB posts record in dollar purchase spree
Another tight monetary policy to be unveiled Jan 31
Bangladesh Bank is going to announce another contractionary monetary policy on January 31 for its monetary programme in January-June of this year, said central bank officials. Full storyMuhith eyes $1b from plastic goods export in 5yrs
Stock market to be stable after demutualisation, says Muhith
Finance minister Abul Maal Abdul Muhith on Wednesday said that the country’s capital market had become an important player in providing investment funds to establish industries although the market is going through some problems. Full storyBTRC starts scrutinising call data of mobile cos
The Bangladesh Telecommunication Regulatory Commission has launched an inspection to check if the nation’s six mobile phone operators were complying with the mandatory 10-second pulse rule for every call. Full storyDhaka stocks inch up
Dhaka stocks inched up on Wednesday with a higher turnover as the institutional investors were active on the trading floor to buy shares on the cheap following the last few days’ fall in share prices. Full storyBSEC asks 8 brokers to submit Beach Hatchery trading details of ’09-’10
Bangladesh Securities and Exchange Commission has asked eight stock brokers to provide the commission with details of trading of Beach Hatchery shares in 2009-2010 when the prices of the company’s shares rose... Full storyWorld Bank lender pledges $2m for Myanmar microfinance
A World Bank development lender said Wednesday it would provide $2 million for a new microfinance bank that aims to help small businesses in impoverished Myanmar. International Finance Corporation said... Full storyGold buying evaporates due to import duty hike in India
India’s gold imports slowed to a trickle this week after the government raised import tariffs at the same time that global prices strengthened, and these higher prices also deterred purchases from elsewhere in Asia, traders said... Full storyYen gains in Asia after BoJ policy moves
The yen strengthened in Asian trade Wednesday after the Bank of Japan announced an open-ended easing programme and adopted a new inflation target, in line with market expectations. Full storyOil prices down in Asian trade
Oil prices were down in Asian trade Wednesday as investors locked in profits from recent gains. New York’s main contract, light sweet crude for delivery in March, was down four cents to $96.64 a barrel in the afternoon and... Full storyMARKET DISCLOSURES
The company will be placed in 'A' category from existing 'N' category with effect from today as the company reported disbursement of 20 per cent stock dividend for the year ended on December 31, 2011. Full storyCautious optimism as global elite gather in Davos
The world’s political and business elite kicked off their annual Davos meeting on Wednesday in a spirit of guarded optimism that the worst of the financial crisis might finally be over. Over the next four days, around 45 world leaders... Full storyGoogle 2012 revenue hits $50b, profits up
Google reported Tuesday that its profit climbed and its annual revenue hit an unprecedented high last year as it evolved to stay in tune with people using smartphones and tablets. ‘We ended 2012 with a strong quarter,’ said... Full storyBharti Airtel raises call prices in India, rivals seen following
Bharti Airtel, India’s top mobile phone carrier, said it has raised voice call prices to account for rising costs, sending shares of telecommunication companies higher as investors bet that rivals will follow the market leader. Full storyDavos bosses hunt $5t new revenue in low-growth world
Business leaders in Davos have plenty to worry about, from the eurozone to global geopolitical upheavals, but at heart their problem is simple: how to find new revenue in a low-growth world. Full storyFera Tech announces partnership with ABIBA
Bangladesh-based IT solution provider Fera Tech has recently announced its strategic partnership with ABIBA Systems, a telecom analytics software solutions company, in a programme in the capital. Full storyLafarge Surma Cement unveils new theme for 2013
