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Only 33pc spent in H1

Different ministries and government agencies in the first six months of the current fiscal year could implement only 33 per cent of the annual development programme for the year. Planning ministry officials said that the ADP... Full story

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DSE, CSE launch new indices Monday to boost market

The country’s two bourses will launch new indices on Monday under free-float system scrapping the existing indices in a bid to restructure the ailing capital market. The Dhaka Stock Exchange will launch two new indices — DSEX, which will replace... Full story

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Investment in govt savings tools drops by 47pc in H1

The net investment in the national savings certificates and bonds decreased by 46.89per cent in the first six months of the current financial year compared with that of the same period of the last financial year because of huge premature... Full story

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Bangladesh’s tariff benefit in EU may erode

Tariff preferences Bangladesh is enjoying in the European markets under GSP facility may be eroded in future if Pakistan, Philippines and Sri Lanka get GSP+ facility in the region, said a report prepared by the Bangladesh embassy in Brussels, Belgium. Full story

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Stocks gain for 3rd day

Dhaka stocks went up for the third straight session on Thursday amid increased turnover as the institutional investors were active on the trading floor to buy shares on the cheap. DGEN, the benchmark general index of the Dhaka... Full story

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Goldman, Shell win Public Eye ‘shame’ awards at Davos

Campaigners at Davos on Thursday awarded their annual Public Eye shame awards to Goldman Sachs and Shell ‘for particularly glaring cases of companies’ greed for profit and environmental sins’. Full story

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Japan logs record trade deficit in 2012

Japan on Thursday logged a record trade deficit for 2012 as exports were hit by a bitter diplomatic spat with its biggest market China and plunging demand in debt-wracked Europe. The gloomy numbers spell more bad news for the world’s third-largest... Full story

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Banks try to put past sins behind them at Davos

Leaders of the world’s largest banks have gone some way to persuading investors that their industry’s near-death experience is over, even though the public still don’t trust them. However, a recent rebound in banking... Full story

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Telco firms’ network gear spending to pick up

Telecom network operators are expected to increase their spending on equipment this year, giving a boost to vendors like Ericsson and Alcatel-Lucent after economic weakness caused a sharp market contraction in 2012. Industry executives and market... Full story

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IMF says Europe curbing global economy; hopeful on 2014

An unexpectedly stubborn eurozone recession and weakness in Japan will weigh on global economic growth this year before a rebound in 2014 that should deliver the fastest expansion since 2010, the International... Full story

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‘Bangladesh has huge potential to earn remittances’

Bangladesh has huge potential to earn remittances as its workers are going to places all over the globe, Xpress Money vice-president Sudhesh Giriyan said on Thursday. There are people who say that Bangladeshi workers... Full story

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Standard Bank gets new DMD

AFM Nizamul Islam Chowdhury has recently been promoted to the post of deputy managing director of Standard Bank. Prior to his promotion, Nizamul served the bank as group company secretary, said a news release. He started his banking career with... Full story

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European stocks, euro eke out gains

European stock markets climbed slightly and the euro nudged higher against the dollar on Thursday as traders reacted to mixed eurozone economic data and weaker-than-expected outlook for the global economy. Full story

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Yen slips after Japan posts record trade deficit

The yen slipped Thursday after Japan announced a record trade deficit for 2012, ending a rally fuelled by disappointment over the Bank of Japan’s recent monetary policy announcement. Full story

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Oil prices mixed in Asian trade

Oil prices were mixed in Asia Thursday, with traders selling Brent crude for West Texas Intermediate, analysts said, but the market was lifted by upbeat Chinese manufacturing data. New York’s main contract, WTI light sweet crude... Full story

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