Global buyers of Bangladesh readymade garment products are mulling to shift their work orders to factories located in Chittagong from Dhaka as the factories in the port city enjoy less disruption in transportation... Full story
Bangladesh Bank may keep unchanged the private sector credit growth target in the upcoming monetary policy for January-June of 2014 considering the existing political unrest, said officials of the central bank. Full story
The leaders of the country’s apparel associations on Monday said they were expecting announcement of incentives for the sector from the government this week.
They expressed their optimism emerging... Full story
Kuwait is going to resume recruitment of workers from Bangladesh after a seven-year break, senior officials at the expatriates’ welfare and overseas employment ministry said on Monday.
The Bangladesh... Full story
Dhaka stocks declined on Monday after a four-day bull run with a decreased turnover amid fresh political tension after the 10th national elections held on Sunday.
The polls were boycotted by the main opposition alliance led by the BNP. Full story
The Turkish lira plunged to a new low against the dollar on Monday, pressured by a high-level corruption scandal rattling the government.
The lira fell to 2.1947 to the dollar, after dropping to 2.18 on Thursday and 2.17 on Friday. Full story
China’s cabinet has published guidelines strengthening regulation of risky off-balance-sheet lending in a new effort to address growing financial risks from an explosion in debt.
The State Council’s... Full story
Service industry growth slowed sharply in China as 2013 drew to a close but picked up across most of Europe, suggesting still very uneven global economic performance even as most signs point to a strengthening US revival. Full story
Officials are in discussions to cut a record high import duty on gold and relax rules on exports, government sources said, after the measures helped narrow the country’s trade deficit and now threaten to encourage smuggling. Full story
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Growth in China’s services industries slowed in December, a pair of surveys showed, mirroring a slowdown in manufacturing and confirming views that the world’s second-largest economy lost steam at the end of last year. Full story
Chancellor George Osborne announced major cuts to Britain’s welfare spending on Monday as he warned voters that the economic recovery could not be taken for granted.
With an election due in 16 months and... Full story
Three officials of Sonali Bank were on Monday promoted to deputy managing directors, said a news release.
They are Zahid Hossain, Md Mustafizur Rahman and Ataur Rahman Pradhan.
Prior to the new assignment, Zahid was... Full story
The yen climbed against the dollar and euro on Monday after hitting five-year lows last week, but analysts said the rebound will likely only be short-lived.
In afternoon Tokyo trade, the dollar bought 104.30 yen, compared... Full story
Power Grid Company of Bangladesh
The company has informed that the 17th AGM of the company will now be held on January 25, 2014 at 10:00am at Auditorium of Engineers Institution, Bangladesh, 8/A, Ramna, Dhaka-1000... Full story