• Bangladesh corruption scenario still alarming: TI
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  • A security man at a Dutch-Bangla Bank ATM booth on Dhaka University campus is seen informing clients about the unavailability of cash at the booth, left, while the authorities put a notice on the cash shortage at a BRAC Bank ATM booth at Kakrail in Dhaka on Monday. Many of the banks failed to replenish their ATM booths with cash due to the ongoing blockade called by the opposition parties. — Sanaul Haque

  • A file photo shows an Uzbek woman picking cotton near Tashkent, Uzbekistan. Uzbekistan has made a proposal to Bangladesh for creating a hub of trading Uzbek cotton in the region by setting up a free warehouse in the country, officials of the commerce ministry said. — Reuters photo

  • An official of a brokerage house monitors share price movement at his firm in the capital last week. The Bangladesh Securities and Exchange Commission is likely to allow merchant banks and brokerage houses another year to keep 100 per cent provision against their unrealised losses from the capital market in 2012. — New Age photo

  • A worker operates a machine to cut a pipeline at a factory in Qingdao, Shandong province of China recently. — Reuters photo

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Unrest hits bank money transportation

A security man at a Dutch-Bangla Bank ATM booth on Dhaka University campus is seen informing clients about the unavailability of cash at the booth, left, while the authorities put a notice on the cash shortage at a BRAC Bank ATM booth at Kakrail in Dhaka on Monday. Many of the banks failed to replenish their ATM booths with cash due to the ongoing blockade called by the opposition parties.  — Sanaul Haque
Clients are facing acute liquidity shortage at automated teller machines and branches of scheduled banks as they (banks) failed to replenish cash in their ATM booths and branches due to ongoing blockade called by the opposition parties. Full story

Uzbekistan wants to create cotton trading hub in Bangladesh

A file photo shows an Uzbek woman picking cotton near Tashkent, Uzbekistan. Uzbekistan has made a proposal to Bangladesh for creating a hub of trading Uzbek cotton in the region by setting up a free warehouse in the country, officials of the commerce ministry said. — Reuters photo
Uzbekistan has made a proposal to Bangladesh for creating a hub of trading Uzbek cotton in the region by setting up a free warehouse in the country under the much talked about cotton agreement between the two countries, officials of the commerce ministry said. Full story

Strikes take heavy toll on tourism sector

Country̢۪s tourism business is going through a massive slump as the visitors are cancelling their schedules because of the ongoing political unrest and frequent strikes and blockades, said industry operators. They said pleasure trips have... Full story

Remittance inflow plunges by 9pc in July-Nov

The country̢۪s remittance inflow decreased by 9.20 per cent in the first five months of the current financial year compared with that in the corresponding period of the FY13 due mainly to the existing political unrest and declining trend in the manpower... Full story

Rahima Food share price rises by 236pc in 4 months despite production suspension

The price of the shares of Rahima Food continued to rise on Monday and touched the circuit breaker in the last couple of days despite the Dhaka Stock Exchange̢۪s announcement that the production of the company was found fully closed. Full story

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M-banks, brokers to get another year to keep provision

An official of a brokerage house monitors share price movement at his firm in the capital last week. The Bangladesh Securities and Exchange Commission is likely to allow merchant banks and brokerage houses another year to keep 100 per cent provision against their unrealised losses from the capital market in 2012. — New Age photo
Bangladesh Securities and Exchange Commission is likely to allow merchant banks and brokerage houses another year to keep 100 per cent provision against their unrealised losses from the capital market in 2012. ‘The commission may allow merchant banks... Full story

Dhaka stocks gain after 4-day fall

Dhaka stocks advanced on Monday as the state-owned entities went to support the market in late trading after a four-day fall amid political violence across the country. The benchmark general index of Dhaka Stock... Full story

Global factory growth picks up but Europe diverging

A worker operates a machine to cut a pipeline at a factory in Qingdao, Shandong province of China recently. — Reuters photo
Increasing demand for manufactured goods drove global factory activity higher last month but the spurt in the eurozone masked a widening disparity among some of the bloc̢۪s key members. As year-end approaches, the global economy is showing... Full story

H&M gets govt nod to invest $115m in India

Swedish retailer Hennes & Mauritz has received final approval from India̢۪s Foreign Investment Promotion Board to invest 7.2 billion rupees in the country, according to a government statement on Monday. The world̢۪s second biggest fashion... Full story

BASIC Bank launches Jhenaidah branch

Bangladesh Small Industries and Commerce Bank̢۪s Jhenaidah branch started functioning in Jhenaidah on Saturday, said a press release. BASIC bank chairman Sheikh Abdul Hye Bacchu inaugurated the 66th branch of the bank. Full story

Pragati Life gets new AMD

MM Monirul Alam has recently been promoted as additional managing director of Pragati Life Insurance Company, said a press release. Prior to his new assignment, he served the company as deputy managing director and... Full story

Dollar weakens in Asia ahead of US data

The dollar weakened in Asia Monday ahead of a raft of US economic data that will provide a better idea of the future of the Federal Reserve's stimulus programme. The greenback bought 102.38 yen in Tokyo afternoon trade, against... Full story

Market Disclosures

Bangladesh Industrial Finance Company BSEC is not in a position to consider the application for issuance of Rights shares of Bangladesh Industrial Finance Company Limited as the company has failed to comply with the requirement... Full story


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