• Sri Lanka 314/5 (92.0 ov) first day of the 2nd Test vs Bangladesh
  • Govt prolongs political impasse to stay in power
  • Bodi to appear before ACC on Feb 16
  • 11 dead in Bangladesh boat accident
  • Moudud, Mahbub, Rafiqul released on bail
  • BPL fixing verdicts by month end
  • Shahid commissioner held with arms and ammunition
  • Sangakkara lifts Sri Lanka with 34th century
  • 8 shanties gutted in city
  • Saraswati Puja being celebrated
  • Pakistan-Taliban peace talks due to start
  • Strong 6.1 quake hits off eastern Indonesia, East Timor
  • A file photo shows an establishment of Hallmark Group is being demolished by authorities on the outskirts of Dhaka. Sonali Bank board of directors on Monday decided to file a number of cases against Hallmark Group with Artha Rin Adalat and other civil courts in a bid to recover Tk 2,554 crore embezzled by the group. — New Age photo

HOME  BUSINESS

Corporate tax to be changed in next FY: Muhith

Finance minister AMA Muhith on Monday announced plans to overhaul the country’s corporate tax structure saying that the existing one was not ‘appropriate’. ‘There will be change in corporate tax structure in the... Full story

Govt requests global apparel buyers to raise prices

Commerce minister Tofail Ahmed on Monday urged the global apparel buyers and retailers to raise the product prices in line with the recently enhanced wage for the garment workers with a view to sustainability of the sector. Full story

Sonali to sue Hallmark to recover embezzled money

A file photo shows an establishment of Hallmark Group is being demolished by authorities on the outskirts of Dhaka. Sonali Bank board of directors on Monday decided to file a number of cases against Hallmark Group with Artha Rin Adalat and other civil courts in a bid to recover Tk 2,554 crore embezzled by the group. — New Age photo
Sonali Bank board of directors on Monday decided to file a number of cases against Hallmark Group with Artha Rin Adalat and other civil courts in a bid to recover Tk 2,554 crore embezzled by the group. The board made the decision in a meeting... Full story

Remittance inflow drops by 8pc in 7 months

The country’s remittance inflow decreased to $8.02 billion in the first seven months of the current financial year 2013-2014 from $8.72 billion during the same period of the FY13 against the backdrop of downward manpower exports during the period. Full story

Corruption ‘costs EU 120b euros a yr’

Corruption across the EU’s 28 countries costs some 120 billion euros per year, the European Commission said Monday, urging member states to do more to stamp out the problem. The EU’s home affairs commissioner... Full story

Upward run continues for 4th day at DSE

Dhaka stocks advanced for the fourth trading session on Monday with the key index of Dhaka Stock Exchange, DSEX, hitting its fresh high as investors continued to inject fresh fund. DSEX gained 0.81 per cent, or 38.85 points, to close... Full story

Mobile Asia holds key to Facebook’s future growth

As Facebook celebrates its 10th birthday, one of its biggest challenges is to tap the mobile market in emerging Asian economies, where it can drive expansion after growth in the West tapers off. India is expected to overtake... Full story

Pakistan privatisation tsar embarks on quest to revive economy

Mohammad Zubair was on a cruise dinner with Pakistani prime minister Nawaz Sharif in Thailand when he was offered the hardest job of his life: privatising a huge chunk of the economy while fighting resistance from the opposition and trade unions. Full story

DSE decides to list AFC Agro Biotech

The Dhaka Stock Exchange at a board meeting on Monday decided to list AFC Agro Biotech. The company raised Tk 12 crore through an initial public offering. The Bangladesh Securities and ... Full story

India hopes to raise $1.8b in mobile spectrum sale

India’s cash-strapped government hoped Monday it would be third time lucky as it began an auction of mobile licences to try to raise money and increase investment in the struggling sector. Authorities were obliged to hold... Full story

Woori Bank Bangladesh gets new country manager

Sun Kyu Kim has recently joined Woori Bank in Bangladesh as the new general manager and country manager, said a news release. Prior to the new position, he was the chief of Audit and Management Inspection... Full story

Dhaka Bank gets new DMD

Khan Shahadat Hossain has recently been promoted to the post of deputy managing director of Dhaka Bank, said a news release. Prior to his new assignment, Shahadat served the bank as senior executive vice-president. Full story

Tata Motors shows off first new cars in four years

India’s largest carmaker Tata Motors unveiled its first new models in four years on Monday, banking on two small cars to reverse the company’s sliding passenger car sales in the face of growing foreign competition. Full story

Oil prices down in Asia on weak Chinese data

Oil prices eased in Asian trade Monday as data showing weak Chinese manufacturing activity fuelled concerns over energy demand in the world’s second largest economy, analysts said. New York’s main contract, West... Full story

Euro rises in Asia after inflation data tumble

The euro bounced back against the yen on Monday after suffering a sell-off last week in response to weak eurozone data that fuelled speculation of an interest rate cut by the European Central Bank. In afternoon Tokyo trade, the euro... Full story

Market Disclosures

HR Textile The company has informed that the 29th AGM of the company will now be held on April 21, 2014 instead of June 09, 2014. Other information of the AGM will remain unchanged. Full story


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