Business

Local co partners with Alibaba for support for B’desh e-commerce

Local software firm Tradeshi Limited on Wednesday announced its partnership with Chinese online marketplace giant Alibaba.com to create an international ‘business to business’ platform for the country’s e-commerce business…

September 29, 2016 · 0 comments · Business

Govt, ADB sign $200m loan deal for boosting rly capacity

The government on Wednesday signed an agreement with the Asian Development Bank for US$ 200 million in loans for modernising Bangladesh Railway with a view to increasing passengers and goods transport capacities of the state-owned enterprise…

September 29, 2016 · 0 comments · Business

StanChart probed by US DoJ for Indonesia ‘bribes’

Standard Chartered acknowledged Tuesday it was being investigated by the US Department of Justice over claims that an Indonesian subsidiary had paid bribes to secure contracts…

September 29, 2016 · 0 comments · Business

Pakistan launches $500m in Islamic bonds

Pakistan is set to launch $500 million in Islamic bonds to raise money for its foreign exchange reserves, a senior official said Wednesday, as a three-year IMF bailout package nears a close…

September 29, 2016 · 0 comments · Business

Dhaka stocks rebound as bank, NBFI shares rise

Dhaka stocks rebounded again on Wednesday after marginal decline in last trading session mainly due to appreciation share prices of banks and non-bank financial institutions…

September 29, 2016 · 0 comments · Business

Wal-Mart in talks to buy stake in Flipkart

Wal-Mart Stores Inc is in talks to buy a minority stake in India’s largest e-commerce firm Flipkart, two sources familiar with the matter said, as the world’s biggest retailer aims to get a slice of a fast-growing online retail market…

September 29, 2016 · 0 comments · Business

Saudis soften oil stance on Iran but OPEC deal still elusive

OPEC might still agree an oil output-limiting deal later this year as the economic problems of its de-facto leader Saudi Arabia force Riyadh to cede more ground to arch-rival Iran…

September 29, 2016 · 0 comments · Business

Swiss Biohygienic Equipment launched

Incepta Pharmaceuticals Limited, a pharmaceutical company of Bangladesh, has launched a joint-venture ‘Swiss Biohygienic Equipment’ with Bioengineering, a high-end biotech equipment manufacturer of Switzerland, and AMS Technology, an apparatus and vessel manufacturer of Germany, said a news release…

September 29, 2016 · 0 comments · Business
Zabin becomes BKB DMD

Zabin becomes BKB DMD

Mahtab Zabin has recently joined Bangladesh Krishi Bank as deputy managing director, said a news release.
Previously, Zabin was the general manager and head of Internal Control & Compliance Division of Janata Bank…

September 29, 2016 · 0 comments · Business

Immigrants a possible boon to host economies, says IMF

The International Monetary Fund on Tuesday said immigration could help boost economic growth in host countries and called for the swift integration of new workers to help surmount political tensions…

September 29, 2016 · 0 comments · Business

US consumer confidence hits post-recession high

US consumer confidence rose in September to its highest level since the Great Recession, according to Conference Board figures released Tuesday…

September 29, 2016 · 0 comments · Business

Asia stocks down, energy firms hit

Tokyo stocks led a broad retreat in Asian markets Wednesday as the yen recovered, while regional energy firms struggled with crude prices on concern about the chances of success at an upcoming producers’ meeting…

September 29, 2016 · 0 comments · Business

Dollar holds up in Asian trade

The dollar held up Wednesday as investors awaited fresh clues about the Federal Reserve’s plans for interest rates, after the first US presidential debate lifted the greenback…

September 29, 2016 · 0 comments · Business

Oil stages tepid rebound

Oil prices posted marginal gains in Asia Wednesday as an industry report showing a decline in US stockpiles was offset by worries about the chances of this week’s key producers meeting ending with a deal to limit output…

September 29, 2016 · 0 comments · Business

Market Disclosures

Simtex Industries
Trading of the shares of the company will remain suspended on record date i.e., today.
Delta Brac Housing Finance Corp…

September 29, 2016 · 0 comments · Business

FY 2015-16: Defaulted industrial loans rise by Tk 6,166cr

The amount of defaulted loans in the industrial sector in the fiscal year of 2015-16 increased by Tk 6,166.39 crore from that in FY 2014-15 as most of the country’s banks and NBFIs did not follow proper credit discipline in disbursing fresh loans…

September 28, 2016 · 0 comments · Business
A file photo shows a portion of the Moghbazar-Mouchak Flyover in Dhaka. Bangladesh economy grew by 7.1 per cent, 0.05 percentage points higher than the government’s estimation, in the last fiscal year 2015-16 on sustained consumption, increased public investment, and revived exports, according to the Asian Development Bank. — Focusbangla photo

Bangladesh GDP grows by 7.1pc in FY16, says ADB

Bangladesh economy grew by 7.1 per cent, 0.05 percentage points higher than the government’s estimation, in the last fiscal year 2015-16 on sustained consumption, increased public investment, and revived exports, according to the Asian Development Bank…

September 28, 2016 · 0 comments · Business
A file photo shows a spice trader waiting for customers at a shop in Dhaka. The Federation of Bangladesh Chambers of Commerce and Industry has again placed a set of demands related to value-added tax, customs duty and income tax to the finance minister for consideration.  — New Age photo

FBCCI seeks permanent restoration of package VAT system in law

The Federation of Bangladesh Chambers of Commerce and Industry has again placed a set of demands related to value-added tax, customs duty and income tax to finance minister Abul Maal Abdul Muhith for consideration…

September 28, 2016 · 0 comments · Business

BTRC warns 160 call centres of licence cancellation

The telecom regulator on Tuesday warned 160 call centres telling them that their licenses would be cancelled if they fail to renew those within next 30 days…

September 28, 2016 · 0 comments · Business

BB to get back $15.25m reserve heist within next two weeks

Bangladesh is expected to get back $15.25 million of its stolen reserves from the Philippines within next two weeks, said Bangladesh Bank deputy governor Abu Hena Mohammad Razee Hassan…

September 28, 2016 · 0 comments · Business

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