• BNP calls 48-hr shutdown from Saturday
  • BNP seeks clarification on Khaleda
  • Violence escalates on 3rd day blockade, 2 killed
  • Four polling centres torched
  • Indian PM Singh to step down after 2014 elections
  • KSA gives two months to legalize status of expats
  • A Bangladeh Biman web site photo shows an aircraft of the national flag carrier.

  • Electricians assemble a new Porsche 918-Spyder sports car at the production line of the German car manufacturer’s plant in Stuttgart-Zuffenhausen on July 2 last year. — Reuters photo

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Biman negotiates for costly $338m loan from StanChart

A Bangladeh Biman web site photo shows an aircraft of the national flag carrier.
Cash strapped Bangladesh Biman is negotiating with an international commercial bank for a $ 338 million loan at high interest rate to clear delivery payment for two Boeing aircraft. Civil aviation and tourism ministry officials told New Age... Full story

July-Nov imports up 9pc on food grain influx

The country’s imports increased by 9.01 per cent in the first five months of the current fiscal year 2013-14 compared with that of a negative growth of 13.21 per cent in the corresponding period of the FY 2012-13. According to the latest Bangladesh... Full story

Commerce asks other ministries to speed up ‘action plan’ implementation

The commerce ministry has asked different ministries and offices to speed up the implementation of the pledges that contained in an action plan the government had given to the United States Trade Representative in November... Full story

NBR spots 1.43 lakh tax dodging house, shop owners

The National Board of Revenue through its ongoing door-to-door survey detected till November this year 1,43,408 house owners and businessmen across the country who were dodging taxes and did not have tax identification numbers, NBR officials said. Full story

China loans Pakistan $6.5b for nuclear power plants

China has agreed to lend Pakistan $6.5 billion to help build nuclear power stations including a 2,200-megawatt plant in Karachi, as Beijing increases its involvement in the cash-strapped country. Prime minister Nawaz Sharif... Full story

Institutional buying sends stocks gaining for 4th day

Dhaka stocks advanced for the fourth trading session on Thursday as institutional investors, encouraged by the central bank’s directive allowing banks another year to adjust their capital market exposure, continued to buy shares despite political unrest. Full story

World manufacturing ends 2013 on a strong note

Electricians assemble a new Porsche 918-Spyder sports car at the production line of the German car manufacturer’s plant in Stuttgart-Zuffenhausen on July 2 last year.  — Reuters photo
Global manufacturing ended 2013 on a strong note as major exporters like Japan, Germany and Italy posted their fastest growth in years, although China’s performance remained modest, surveys showed on Thursday. Full story

Singapore GDP contracts in Q4, hurt by sluggish manufacturing

Singapore’s economy contracted more than expected in the fourth quarter as manufacturing activity weakened, data showed on Thursday, casting some doubt on market expectations for a slight pick-up in growth over 2014. Full story

India aims to throw open doors wider to foreign investors

India aims to throw open its doors wider to overseas investors, a minister said Wednesday, as it seeks to spur a slumping economy before the general election. The government has already relaxed foreign direct investment rules... Full story

AB Bank gets new president

Shamim Ahmed Chaudhury has recently been appointed president and managing director (acting) of AB Bank with effect from January 1, said a news release. Shamim Ahmed, a masters of business administration... Full story

Sri Lanka cuts lending rates

Sri Lanka’s central bank Thursday cut a key lending rate by 50 basis points to 8.0 per cent after inflation eased to its lowest level in nearly two years and as the economy shows signs of sustained growth. The move by the Monetary... Full story

Dollar trades near 5-yr high against yen

The US dollar traded near a five-year high against the yen in thin Asian trade Thursday as investors began the new year with renewed optimism about the world's top economy. The greenback eased to 105.30 yen from... Full story

Market Disclosures

Familytex (BD) Normal trading of the shares of the company will resume on January 6 after record date for EGM. Aramit Cement Trading of the shares of the company will be allowed only in the spot market and block/odd lot transactions will also be settled as per... Full story


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