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
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
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
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
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
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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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
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 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
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
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
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
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 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
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 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
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