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  • A file photo shows villagers arranging harvested maize at a village in Lalmonirhat. Eighteen scheduled banks did not disburse any loan to farmers to cultivate four types of import-replacing crops including maize in the first seven months of the FY14. — New Age photo

  • AMA Muhith

  • Industries minister Amir Hossain Amu, Bangladesh Accreditation Board member Md Liaquat Ali, Dhaka Chamber of Commerce and Industry president Mohammad Shahjahan Khan and Business Initiative Leading Development chairman Asif Ibrahim show, among others, copies of a book on accreditation at the launching ceremony at the DCCI auditorium in the capital on Sunday. — New Age photo

HOME  BUSINESS

Export earnings top $17.43b in 7 months

The country’s total export earnings stood at $17.43 billion in the first seven months of the current financial year 2013-14 with a growth of 15.08 per cent year-on-year, despite last two months’ sluggishness due to political unrest. Full story

18 banks disburse no loan in 7 months

A file photo shows villagers arranging harvested maize at a village in Lalmonirhat. Eighteen scheduled banks did not disburse any loan to farmers to cultivate four types of import-replacing crops including maize in the first seven months of the FY14. — New Age photo
Eighteen scheduled banks did not disburse any loan to farmers to cultivate four types of import-replacing crops — pulses, oil seeds, spices and maize — in the first seven months of the fiscal year 2013-2014 as they were reluctant... Full story

Govt to go tough against SIM sales with fake docs

The home ministry on Sunday once again asked the mobile phone operators to ensure that vendors do not sell any subscriber identification module (SIM) cards without proper identification in a bid to curb crimes through cell phones. ‘We will go tough against the... Full story

Biman’s in-flight duty-free sales from Mar 1

Biman Bangladesh Airlines is going to launch duty-free service onboard of its aircraft on all international routes in a bid to improve its customer service standard and provide its passengers with sky shopping facilities, officials of the airlines said. Full story

Muhith hints at pension scheme launch in pvt sector

AMA Muhith
Finance minister AMA Muhith on Sunday hinted that the organised private sector would be covered under the pension schemes in future alongside the existing national pension scheme for government officials and employees. Full story

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Better accreditation facility needed to boost export

Industries minister Amir Hossain Amu, Bangladesh Accreditation Board member Md Liaquat Ali, Dhaka Chamber of Commerce and Industry president Mohammad Shahjahan Khan and Business Initiative Leading Development chairman Asif Ibrahim show, among others, copies of a book on accreditation at the launching ceremony at the DCCI auditorium in the capital on Sunday. — New Age photo
Trade officials and business leaders at a seminar on Sunday said that signing of multilateral recognition agreement with different countries would ease non-tariff export barriers as the absence of the facility are causing financial and procedural troubles for the local businesses. Full story

Stocks begin week downbeat in volatile trading

Dhaka stocks decreased on Sunday in volatile trading after bearish last week with fall in share prices of large capitalised companies as retail investors remained shaky amid the recent downward trend while institutional ones went for profit-taking sell-offs, market operators said. Full story

Atiur asks BB GMs to monitor pvt sector foreign loans

Bangladesh Bank governor Atiur Rahman on Sunday asked the general managers of the central bank to give attention to private sector foreign loans so that the scheduled banks would not give guarantee beyond their capacity against foreign credits. Full story

Banks asked to submit import reports before settling suppliers’ credit

Bangladesh Bank on Sunday asked scheduled banks to submit their import transaction-related reports immediately after the imported products enter into the country and before settling the suppliers and buyers credit from foreign sources. Full story

South America’s first Apple store in Rio

Some 1,700 impatient shoppers lined up for hours Saturday for the grand opening of Apple’s store in Rio de Janeiro — the first official outpost in South America. First in line was Thiago Cuba, 31, who said he was... Full story

Ex-NBR chair Mazid becomes CSE chairman

Former NBR chairman Muhammad Abdul Mazid has been elected the first impendent chairman of Chittagong Stock Exchange for three years as part of the demutualisation. The 12-member CSE board on Saturday elected... Full story

BKB holds branch managers conference

Bangladesh Krishi Bank held its Khulna division’s branch managers’ conference for the year 2014 in Khulna recently, said a news release. BKB managing director Md Abdus Salam attended the conference as chief guest while BCBD deputy general... Full story

China bank lending surges

China’s bank lending surged in January from December, the central bank said, but analysts attributed the rise to seasonal factors. Loans by Chinese banks reached around 1.3 trillion yuan ($216 billion) in January, up 246.9 billion... Full story

Quirky IPOs make a splash in Hong Kong

Nightclubs with diamante toilets, luxury cemeteries and local restaurants have made a splash during their debuts on Hong Kong's stock exchange, proving particularly popular among 'mom and pop' investors squeezed out of more mainstream openings. Full story

Oil, gold prices hit multi-month highs

Oil and gold prices hit multi-month peaks this week on improved demand prospects in the world's two biggest economies, the United States and China, and owing to a weaker dollar. Oil: Global crude prices rallied on improving US demand prospects. Full story

Market Disclosures

PRIME INSURACE The Board of Directors has recommended 15 per cent stock dividend for the year ended on December 31, 2013. Date of AGM: March 23, 2014, Time: 10:00am, Venue: Trust Milonayaton, Dhaka Cantonment, Dhaka-1206. Record Date: February 26, 2014. Full story


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