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  • World's biggest fish market set for new home
  • A workers carries bananas to load them into a cart after weighing them at a wholesale market in Kochi of India. — Reuters photo

  • Ali Reza Iftekhar

HOME  BUSINESS

Restive politics may batter economy further in ’14

The country’s economy in the New Year of 2014 that begins today will depend on amicable settlement of the political impasse between the government and the opposition to restore stability as soon as possible, economists on Tuesday said. Full story

Utilisation of foreign aid hits record low

Utilisation of foreign aid has hit a record low in the current fiscal year because of stagnation in development activities amid political unrest due to conflict between the ruling party and opposition over holding the general elections. Full story

Mixed bag for banks in 2013

The country’s scheduled banks in the just-concluded year showed a mixed performance as some banks posted healthy operating profit while other banks lost their profitability due to business stagnation amid political unrest. Full story

Application submission for stock scheme loan extended for 3rd time

The supervision committee for the Tk 900-crore government refinance scheme for the affected small-scale investors on Tuesday for the third time extended the deadline for receiving loan applications by another month as 98 per cent investors... Full story

World shares enjoy vintage yr, seen gaining more in 2014

World stocks were ending 2013 close to six-year peaks on Tuesday and benchmark bond yields were poised for their first annual rise since 2009 as investors celebrated a pick-up in global growth with expectations of more to come. Full story

National saving tools sale drop in July-Nov

Sales of the national savings certificates and bonds dropped by 9.96 per cent in the first five months of this fiscal year compared with that in the same period of the FY 2012-13. The savings instruments worth Tk 9,013.62 crore... Full story

Sri Lanka inflation dips ahead of new taxes

Sri Lanka’s inflation hit a 22-month low in December, official figures showed Tuesday, a day before a steep 12 per cent sales tax on supermarket purchases takes effect. Figures from the Central Bank of Sri Lanka showed... Full story

India traders squeezed as farmers gamble stockpile

A workers carries bananas to load them into a cart after weighing them at a wholesale market in Kochi of India. — Reuters photo
Farmers such as 68-year-old Ghanshyam Gokale are quietly shaking up agricultural commodity trading in India, forcing the likes of top soybean processor Ruchi Soya to shift its business model away from futures contracts and towards the ‘spot’ market. Full story

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Iftekhar new ABB chairman

Ali Reza Iftekhar
Eastern Bank managing director and chief executive officer Ali Reza Iftekhar has recently been elected chairman of Association of Bankers, Bangladesh for a two-year term — 2014-15. Iftekhar, with 26 years of experience in banking, has served... Full story

Venezuela inflation soars to 56.2pc in 2013

Venezuela’s inflation soared to 56.2 per cent in 2013 but slowed in the last two months of the year after the socialist government forced stores to cut prices, officials said on Monday. The national consumer price index... Full story

Gold on track for biggest annual loss in 3 decades

Gold was steady in thin year-end trade on Tuesday on course for its biggest annual decline in 32 years as prospects for global economic recovery prompted investors to switch to riskier assets. After a 12-year bull run gold has... Full story


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