Bangladesh Bank on Sunday warned scheduled banks of punishment if they fail to bring down their interest rate spread below five percentage point within March.
The BB governor Atiur Rahman made the instruction... Full story
Major ministries, led by the industries ministry, which were given lion share of the total allocation of the annual development programme lagged behind in implementing their projects in the first six months of the current fiscal year Full story
Bangladesh Telecommunication Regulatory Commission has formulated a draft guideline to protect the privacy of mobile phone users, streamline tele-marketing services through SMS and ensure efficient complaint handling.
BTRC officials said the new draft guideline, Consumer Protection Guideline, which would be made open to take public opinion within a day or two, had... Full story
Dhaka stocks ended flat on Sunday as the investors were waiting for the new indices of the bourse that are scheduled to be launched today.
DGEN, the benchmark general index of Dhaka Stock Exchange, advanced... Full story
The industries ministry on Sunday published the final draft of the Geographical Indication Act-2012 and asked the stakeholders to share their opinions on it within the next 15 days, said a press release of the ministry. Full story
Industries minister Dilip Barua on Sunday said that inefficient machineries like old boilers and generators in the industries were wasting energy.
‘Businessmen in the country have a tendency to set up backdated machineries for immediate financial... Full story
The world’s political and business elite headed home Sunday from this year’s Davos forum with warnings that while the worst of the financial crisis seems over there is still much to be done.
International Monetary Fund chief Christine... Full story
India’s central bank is expected to cut interest rates this week for the first time in nine months in response to the government’s recent economic reform spree and slowing inflation, economists say. Full story
European and Latin American leaders have pledged to shun protectionism and boost their strategic partnership to foster free trade and sustainable development based on close international cooperation.
Some 60 countries are represented at the summit between the 27-member European Union and the Community of Latin American and Caribbean States, or CELAC. Full story
Japan’s controversial new economic policy emerged as one of the hot topics at this year’s Davos forum, with talk of currency wars and strong rebuttals from Japanese officials.
The new government in Tokyo, led by Shinzo... Full story
Vietnam on Sunday inked a deal with firms from Japan and Kuwait to build an oil refinery complex worth nearly $9 billion as part of efforts to meet its growing energy needs.
The Nghi Son refinery, which is due to start... Full story
BlackBerry maker Research in Motion begins its comeback bid Wednesday with a new platform launch in a make-or-break move for a firm that is rapidly sinking in the smartphone market it once dominated. Full story
Commodity markets experienced mixed fortunes last week as traders digested upbeat data from China, Europe and the United States, while gold slid as investors shifted cash out of the safe-haven precious metal. Full story
US markets last week maintained their buoyant 2013 form, with the S&P 500 and the Dow Industrial index edging ever higher in a week marked by solid earnings results.
With the exception of high-tech giant Apple, which surprised... Full story