• ‘JP ministers submit their resignation to Ershad’
  • Two-day remand granted to quiz Khoka
  • Sleeping bus helper burnt to death
  • Compromise good for all: CEC
  • Another 3-day blockade from Saturday
  • Stop violence: HRW
  • Three JP ministers now at Ershad’s residence
  • ACC appeals against Tarique’s acquittal
  • Sadek Hossain to be produced before court today
  • SC releases full text of Quader Molla verdict
  • Azhar’s trial begins
  • Teenager burnt in arson attack
  • Bullet-wounded rickshaw puller dies today in CMCH
  • Auto-rickshaw arson burns driver in Ctg
  • OPEC alert to risk of lower oil prices in 2014
  • Biden says 'significant apprehension' over China air zone
  • Tense Thailand celebrates revered king's birthday
  • A file photo shows a labourer carrying jute to a private jute mill at Demra in Dhaka. The export of raw jute has plunged in the current fiscal year. — New Age photo

  • A file photo shows the Dhaka Stock Exchange’s building in the city. The government’s tax collection from the DSE increased by 78 per cent in November compared with the previous month. — New Age photo

HOME  BUSINESS

BB detects Tk 162cr loan scam in Mercantile Bank Ctg branches

Mercantile Bank disbursed Tk 162.59 crore to Chittagong-based three little-known companies violating the banking rules and regulations and the bank is now struggling to recover the loans, an investigation by Bangladesh Bank found. Full story

Cash crunch in bank outlets lingers

Clients are still facing liquidity shortage in automated teller machines and branches of the scheduled banks as the police could not provide the banks with enough protection in transporting their cash-bearing vehicles, said officials of the commercial banks. Full story

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Raw jute export plunges

A file photo shows a labourer carrying jute to a private jute mill at Demra in Dhaka. The export of raw jute has plunged in the current fiscal year. — New Age photo
The export of raw jute has plunged in the current fiscal year due to devaluation of currency of neighbouring India, a major raw jute importer from Bangladesh, jute department officials said. They said the drastic fall in the raw jute export would discourage... Full story

Govt in hurry to settle dispute with 4 telcos

The SIM replacement tax review committee is under huge pressure from the government to submit its (committee) report on the Tk 3,100-crore SIM replacement tax claimed by the National Board of Revenue from four mobile phone operators... Full story

Migration cost drops for Malaysia bound workers

The cost of migration for each Malaysia bound worker has further dropped under the government to government arrangements, officials said Wednesday. Henceforth, each worker has to pay Tk28,500 as migration cost, down from... Full story

NBR chairman Ghulam to get 2-year extension

The tenure of National Board of Revenue chairman Ghulam Hussain has been extended for two years, officials said. They said a proposal in this connection was approved by finance minister recently. Full story

Banks to remain open Saturday in RMG factory areas

The Bangladesh Bank has directed the scheduled banks to keep branches open in Dhaka city, Ashulia, Tongi, Gazipur, Narayanganj and Chittagong industrial area on December 7 (Saturday) to facilitate payment of salaries and bonus to garments employees. Full story

Dhaka stocks decline amid political uncertainty

Dhaka stocks declined on Wednesday after rising in the earlier two trading sessions as investors remained skeptical about the political prospect amid violence surrounding the coming election. The benchmark general index of Dhaka... Full story

Tax collection from DSE rises by 78pc in Nov

A file photo shows the Dhaka Stock Exchange’s building in the city. The government’s tax collection from the DSE increased by 78 per cent in November compared with the previous month. — New Age photo
The government̢۪s tax collection from the Dhaka Stock Exchange increased by 78 per cent in November compared with the previous month due to sharp increase in turnover as low-priced shares attracted investors during the month. The DSE paid government Tk 14.42 crore in... Full story

Mobile internet growth widespread in B̢۪desh, other Asia states: study

Potentials of mobile internet growth is widespread in coming days across Asia including Bangladesh, as the alternatives to using mobile data are not widely available, according to a study. The study report found affordability of smart devices... Full story

Gold hits five-month low

Gold hit a 5-month low on Wednesday as investors awaited US economic data later in the week that could increase speculation the Federal Reserve would soon exit its asset purchase scheme. The metal has been under pressure as... Full story

EU slaps record $2.3b fines on 6 banks for latest abuses

EU antitrust regulators fined six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup a record total of 1.71 billion euros ($2.3 billion) on Wednesday for rigging financial benchmarks. The move confirms what a source familiar... Full story

Dollar edges up in Asia

The dollar turned up in Asia Wednesday after suffering losses in New York, as investors await key US indicators that will give dealers a better idea about the Federal Reserve's plans for its stimulus programme. The greenback bought 102.56 yen in... Full story

Market Disclosures

Dacca Dyeing & Manufacturing Co The company has informed that due to unavoidable circumstances the 35th AGM of the company will now be held on December 24, 2013 at 10:00am at Institution of Diploma Engineers, Bangladesh (IDEB), 160/A, VIP... Full story


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