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  • A file photo shows the Agrani Bank head office in Dhaka. The ADR in 32 scheduled banks dropped below 75 per cent in mid-November as credit demand in the private sector continued to drop due to dull business situation in the country amid political unrest. — New Age photo

  • A file photo shows a ship unloading goods at Mongla port. The delivery of imported and exportable goods at Mongla port has severely disrupted due to latest spell of countrywide blockade that started on Saturday. — Focusbangla photo

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Bank business hit hard by political unrest

A file photo shows the Agrani Bank head office in Dhaka. The ADR in 32 scheduled banks dropped below 75 per cent in mid-November as credit demand in the private sector continued to drop due to dull business situation in the country amid political unrest. — New Age photo
The credit- or advance-deposit ratio in 32 scheduled banks dropped below 75 per cent in mid-November as credit demand in the private sector continued to drop due to dull business situation in the country amid political unrest, said officials of Bangladesh Bank. Full story

15-yr tax exemption sought for new pvt power plants

Bangladesh Power Development Board has sought tax exemption for 15 years for the private power generation companies which will sign agreement with the government to set up power plants by December 31, 2014, officials... Full story

Blockade disrupts delivery of goods at Mongla port

A file photo shows a ship unloading goods at Mongla port. The delivery of imported and exportable goods at Mongla port has severely disrupted due to latest spell of countrywide blockade that started on Saturday. — Focusbangla photo
The delivery of imported and exportable goods at Mongla port has severely disrupted due to latest spell of countrywide blockade that started on Saturday. Around 1,000 containers of various kinds of goods worth over Tk 3,500... Full story

DSE to probe unusual share price hike of 2 companies

The Dhaka Stock Exchange has formed two separate committees to investigate unusual rise in the prices of the shares of Rahima Food and Samata Leather Complex, DSE sources said. The sources said the bourse... Full story

DCCI seeks time extension

The Dhaka Chamber of Commerce and Industry on Thursday urged Bangladesh Bank to extend time limit for loan classification. The DCCI sent a letter to the central bank governor requesting him for giving more time to the... Full story

Stocks drop on political gloom

Dhaka stocks declined on Thursday, the last trading session of the week, as investors, discoursed by the gloomy political situation in the country, went for sell-offs. The benchmark general index of Dhaka Stock Exchange, DSEX, decreased... Full story

Japan looks for ASEAN backing on China

Japan will this weekend play host to Southeast Asian leaders as it looks to strengthen friendships in a region increasingly dominated by China, and as it squares off with Beijing over disputed islands. Prime minister Shinzo Abe will be looking... Full story

High-end global restaurants sprout to feed India̢۪s rich

Chef Matteo Boglione, at the newly opened Le Cirque Signature in Mumbai, says that when he was getting started at the offshoot of one of New York’s elite restaurants he was told repeatedly: ‘We want more vegetables’. Full story

Nokia factory freeze lifted, paves way for Microsoft deal

A court on Thursday accepted an appeal by Nokia to release its local factory after it was seized by authorities in a tax dispute, removing a hurdle to the sale of the company̢۪s mobile phone business to Microsoft. Full story

Regent Airways launches flight to S̢۪pore on Saturday

Regent Airways will commence its flight to Singapore on Saturday after its successful international flight operations to Kuala Lampur, Kolkata and Bangkok. The private airways will operate five flights weekly (Monday, Tuesday, Thursday, Friday... Full story

Australia PM seeks Toyota talks to save car industry

Australia prime minister Tony Abbott on Thursday sought talks with Toyota to persuade the Japanese giant to keep its plants open and prevent a collapse of Australia̢۪s car manufacturing industry. Abbott acted after US-based... Full story

SJIBL opens 88th branch in Lakshmipur

Shahjalal Islami Bank Limited opened its 88th branch at Dattapara in Lakshmipur on Tuesday. Shahjalal Islami Bank Dattapara branch manager Md Mazharul Haque, Laxmipur branch manager Md Rafiqul Islam, Ramganj branch manager Bela... Full story

Dollar mixed in Asian trade

The dollar was mixed in cautious Asian trade Thursday ahead of next week's US Federal Reserve policy meeting that could see the bank wind down its stimulus programme. The greenback fetched 102.57 yen in Tokyo, up from 102.40 yen... Full story

Market Disclosures

Aramit Cement The company has informed that the subscription period for rights issue will be from 23.03.2014 to 17.04.2014. Record date for entitlement of rights share: 09.01.2014. The objectives of issuance of rights shares are procurement... Full story


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