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  • Jamaat set to enforce hartal Thursday
  • PM’s statement on Khaleda false: Fakhrul
  • 5-yr imprisonment for made-up ACC case challenged
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  • Bangladesh squad for T20 series against SL announced
  • Sangakkara flays Bangladesh with triple-century
  • Bangladesh 86-1 in reply to Sri Lanka's 587
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  • Baghdad bombs, one near foreign ministry, kill 19
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  • A file photo shows employees working in a garment factory in Dhaka. Garment sector leaders are concerned over the factory inspection standards of the EU Accord and North American Alliance as the retailers’ groups imposed some new conditions bypassing the decision of National Tripartite Committee. — New Age photo

  • A file photo shows a wholesaler weighing rice at a market in Dhaka. The country’s import of rice and wheat increased by 100.47 per cent in the first six months of the current financial year 2013-14. — New Age photo

  • A file photo shows passers-by crossing the Dhaka Stock Exchange in the capital. Net overseas investment at the Dhaka Stock Exchange increased by 328 per cent in January compared with the previous month as low priced stocks lured them amid formation of the new government. — New Age photo

HOME  BUSINESS

RMG makers unhappy over buyers’ new conditions

A file photo shows employees working in a garment factory in Dhaka. Garment sector leaders are concerned over the factory inspection standards of the EU Accord and North American Alliance as the retailers’ groups imposed some new conditions bypassing the decision of National Tripartite Committee. — New Age photo
Garment sector leaders are concerned over the imposition of new conditions in factory inspection standards by the EU and North American retailers’ groups bypassing the decision of the National Tripartite Committee (NTC). Full story

Finance ministry now projects GDP growth at 6.5pc

The ministry of finance estimated that the growth of the country’s gross domestic product would not drop below 6.5 per cent in the current fiscal year, said the ministry officials. The macro wing under the... Full story

BSEC tightens rules to curb IPO, rights shares funds misuse

Bangladesh Securities and Exchange Commission on Tuesday tightened the initial public offering and rights shares rules in a bid to curb misuse of funds by the listed companies. The BSEC also withdrew... Full story

Farashuddin, Mustafiz on DSE list of 14 for 7 places

The Dhaka Stock Exchange on Tuesday submitted a list of 14 individuals including former Bangladesh Bank governor Farash Uddin Ahmed and Centre for Policy Dialogue executive director Mustafizur Rahman to the Bangladesh Securities and Exchange... Full story

H1 imports rebound by 11pc

A file photo shows a wholesaler weighing rice at a market in Dhaka. The country’s import of rice and wheat increased by 100.47 per cent in the first six months of the current financial year 2013-14. — New Age photo
The country’s imports increased by 11.59 per cent in the first six months of the current financial year 2013-14 compared with that of a negative growth of 10.72 per cent in the corresponding period of the FY13. According to Bangladesh Bank data released on... Full story

Gates steps down as Microsoft chair

Microsoft said Tuesday that founder Bill Gates was stepping down as chairman to become a technology adviser to the tech giant as Indian-born Satya Nadella was named chief executive officer. Gates ‘will devote more... Full story

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Foreign investment in DSE soars in January

A file photo shows passers-by crossing the Dhaka Stock Exchange in the capital. Net overseas investment at the Dhaka Stock Exchange increased by 328 per cent in January compared with the previous month as low priced stocks lured them amid formation of the new government. — New Age photo
Net overseas investment at the Dhaka Stock Exchange increased by 328 per cent in January compared with the previous month as low priced stocks lured them amid formation of the new government. The net foreign investment in... Full story

United Power, Peninsula Hotel IPOs get BSEC nod

The Bangladesh Securities and Exchange Commission on Tuesday approved two initial public offerings, one rights share offer and an open-ended mutual fund. The decision was taken at a regular meeting of the commission presided... Full story

Walmart to invest $500m in Canada, create 7,500 jobs

Walmart Stores Inc said on Tuesday it would invest about $500 million this year to strengthen its presence in Canada, creating more than 7,500 jobs including construction. The investments include more than $376... Full story

BMCCI elects new office bearers

Nasir A Choudhury and Raquib Mohammad Fakhrul have recently been elected as president and secretary general respectively of the Bangladesh-Malaysia Chamber of Commerce and Industry for the tenure of 2014-15. The election was held in the 12th annual general... Full story

8 institutions get StanChart Seeing is Believing grants

Eight institutions have received Standard Chartered Seeing is Believing innovation fund grants, said a news release. Seeing is Believing is a collaboration between the international bank and the International Agency for the Prevention of Blindness. The institutions are Gloucestershire... Full story

Stocks fall on profit taking

Dhaka stocks declined on Tuesday after four-day rise as the investors went on selling shares to book profit or minimise losses. DSEX, the benchmark general index of Dhaka Stock Exchange, lost 0.35 per cent or 16.96 points to close at 4,809.54 points. Full story

Myanmar to set up stock exchange by 2015

The Myanmar government will set up a stock exchange by 2015 with an initial capital of 32 billion kyats (32.65 million U.S. dollars), local media reported on Tuesday. Japan’s Daiwa and Tokyo Exchange will... Full story

Qatar Airways’ Privilege Club members to get spl services at Oryx Galleria

Qatar Airways’ Privilege Club has announced extra benefits and services at Oryx Galleria exclusively for members residing in Qatar, said a news release. With expanded member services, Oryx Galleria is now... Full story

Dollar rises after Wall Street losses

The dollar rose in Asian trade on Tuesday after suffering a sell-off in New York in response to unexpectedly weak US manufacturing data that raised concerns about the world's number one economy. The greenback bought 101.24 yen, up from... Full story

Oil prices rebound in Asian trade

Oil prices rebounded in Asian trade Tuesday, clawing back some losses after weak manufacturing data in the United States and China fuelled concerns about demand in the world's two biggest oil consumers. US benchmark West Texas Full story

Market Disclosures

BRAC Bank 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 spot settlement cycle with the entitlement of rights shares from February 5, 2014 to... Full story


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