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Bangladesh Business News
Wednesday, September 3, 2014 04:05:05 AM GMT +06.00
 

Market Indicators

Latest update at 11:42 am on SEPT01

Indicators Latest Previous Remarks
DSE General Index  4561.24  4549.52  0.26% 
Forex reserve (in billion$)   22.07  22.05  
Call money rate  5.5%-6.75%  5.5%-6.75%  
DIBOR   5.8572       5.7223  
Kerb market US$ rate  78.90-79.00  78.40-79.40  
Inter-bank US$-BDT rate  77.40  77.40  
BC-selling US$-BDT rate  77.8753  77.8753  
TT-clean US$-BDT rate  76.8871  76.8871  

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BBN Exclusive

beximco-dominates-weeks-top-turnover-chart- Dhaka, Bangladesh (BBN)- Bangladesh Export Import Company Ltd (Beximco) dominated the week’s top turnover chart last week on the Dhaka Stock Exchange (DSE) that ended on Thursday. A total of 58.49 million share worth BDT 2.48 billion changing hands during the week. All five trading sessions in the last week, Beximco dominated top turnover chart. Daily average turnover for the company was BDT 497 million. The week’s closing price of Beximco share was BDT 43.1, registering an increase of...

 

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Banking

bb-governor-asks-basic-to-remain-alert-against-any-irregularities- Dhaka, Bangladesh (BBN)- Bangladesh Bank (BB) Governor Dr Atiur Rahman has asked the BASIC Bank board...

Apparel

gap-goes-to-india-for-new-customers  New York (BBN)-US clothing store Gap is bringing its brand to India with the aim of opening 40...
   

Hot Issue

fitch-rates-bangladesh-bb-outlook-stable- Hong Kong (BBN)- Fitch Ratings has assigned Bangladesh Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) of 'BB-'. The Outlooks on the Long-Term IDRs are Stable. Fitch has also assigned a Short-Term Foreign Currency IDR of 'B' and a Country Ceiling of 'BB-'.Bangladesh's ratings reflect a balance between high, stable real gross domestic product (GDP) growth and strong external balances, and weak structural features indicating significant political and banking sector risk, the...
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Latest News

dsex-crosses-4600-mark Dhaka, Bangladesh (BBN)- Bangladesh’s stocks witnessed sharp gain on Tuesday with prime index of the Dhaka Stock Exchange (DSE) hitting four months high as investors went for buying spree on large cap stocks.The market started with an upward trend and the prime index of the DSE - DSEX surpassed the ‘psychological’ threshold of 4,600-mark and ended at 4,602.43 points after surging 47.46 points or 1.04 per cent. It is four-month high level of DSEX since April 28.The DS30, comprising blue chips and...
govt-borrows-bdt-50bn-issuing-bgtbs- Dhaka, Bangladesh (BBN) - The government borrowed BDT 5.0 billion through issuing its two-year treasury bonds on Tuesday, officials said.Sixty one bids amounting total of BDT 26.2685 billion were offered against pre-targeted amount of BDT 5.0 billion for two-year Bangladesh Government Treasury Bonds (BGTBs). Of those, nine bids amounting total of BDT 5.0 billion were accepted. The coupon rate of the accepted bid was 8.4000 percent, according to the auction result. BBN/SSR/AD-02Sept14-12:58 pm...
numaligarh-refineries-to-build-pipeline-to-bangladeshDhaka, Bangladesh (BBN)-Numaligarh Refineries Limited (NRL), a subsidiary of Bharat Petroleum Corporation Limited (BPCL), will shortly begin work on laying a product pipeline from Siliguri in West Bengal to Parbatipur in Bangladesh. After the completion of the work, India's first cross-country pipeline will connect to Bangladesh, reports energysector.in. The pipeline would allow BPCL to penetrate the Bangladeshi market and ensure sustained supply of petroleum products to Bangladesh. The length of...
bangladesh-govt-urged-to-review-telecom-regulations  Dhaka, Bangladesh (BBN)-The GSMA and the Association of Mobile Telecom Operators of Bangladesh (AMTOB) have called on the Bangladesh government to reform the legislative and policy framework of the telecom sector in order to accommodate the technological developments. The initiative was launched at a workshop organised by the GSMA, in cooperation with the AMTOB on ‘Realising the potential of mobile in Bangladesh’, reports telecompaper. Industry representatives believe the 1998 National...
semen-indonesia-draws-in-on-bangladesh-acquisition  Jakarta, Indonesia (BBN)-PT Semen Indonesia is trying to complete the acquisition of a Bangladesh cement company in the near future, said Johan Samudra, the director of Business Development and Strategy of PT Semen Indonesia.“As a business, the acquisition of the Bangladesh cement company is the best opportunity to be closing soon, and we have to be the majority shareholder,” he told the President Post on the sidelines of the State Owned Enterprises Forum in Jakarta last week. Samudra added...
-how-traders-track-twitter-to-beat-the-market Chicago, (BBN)-In a world where information is plentiful and abundant, traders are always trying to make money by finding that hidden advantage. Many are betting that 140 characters is all it takes to beat the market. Some professionals in the world of high finance are relying on Twitter and other social media to try to get the edge on the competition. Markets went into a spin last year when someone hacked the AP's Twitter account and sent bogus tweets about an explosion at the White House,...
malaysia-airlines-slashes-6000-jobs-in-major-restructuringHong Kong (BBN)-Malaysia Airlines has cut 6,000 jobs as part of a wide-ranging overhaul that follows the loss of two aircraft earlier this year.State investor Khazanah, which owns nearly 70% of the carrier, revealed the 30% workforce reduction on Friday. Khazanah also announced the creation of a new corporation that will absorb the majority of the carrier's assets, reports CNN.Khazanah plans to buy out minority shareholders and de-list the current Malaysia Airlines. Assets will then be shifted to...
denim-fabric-maker-vicunha-to-exhibit-product-in-bangladesh-from-oct-15 Dhaka, Bangladesh (BBN)-Brazilian denim fabric producer, Vicunha, will organise a two-day fair in Bangladesh to exhibit its ‘Denim and jeans’.The fair, second of its kind, will begin from October 15.Vicunha will mainly concentrate on 35 denim styles from 200 items in all, which also includes its main collection that presents a broad spectrum of products, said a press statement of the fabric producer.With branches all over the globe and a 3-day delivery time, Vicunha says this makes it one of the...
bangladeshs-stocks-see-sharp-gain Dhaka, Bangladesh (BBN)-Bangladesh’s stocks witnessed sharp gain on Tuesday with prime index of the Dhaka Stock Exchange (DSE) hitting four months high as investors went for buying spree on large cap stocks.The market started with an upward trend and the prime index of the DSE – DSEX - surpassed the ‘psychological’ threshold of 4,600-mark and ended at 4,602.43 points after surging 47.46 points or 1.04 per cent. It is four-month high level of DSEX since April 28. The DS30, comprising blue chips and...
ebola-funeral-no-mourners-no-ritesZango Town, Liberia (BBN)-At the gravesite in a northern Liberia village, there are no religious or traditional burial rites. No ceremony, no mourning, no family members, and no final goodbyes.Nothing but a group of men dressed in space-suit-like outfits, cautiously throwing the dead body into the grave, they pause only to toss in anything else they are wearing that came into contact with the deceased, reports CNN.These men are part of the country's Ebola response team, specifically tasked with...
 

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Prayer Timings

  Begining Jamaat
Fajr 4:20 4:55
Zohr 12:45 1:15
Asr 5:00 5:15
Maghrib 6:47 6:50
Esha 8:15 8:45

Exchange Rate

Sept 01, 2014

Currency Selling Buying
USD 79.50  78.00 
GBP 128.60 124.60
EUR 102.40 98.40
JPY 0.7580 0.7334
S-Riyal 21.00 20.00
S-Dollar 63.50 61.50
M-Ringit 24.50 23.00
K-Dinnar 255.00 245.00
INR 1.30 1.20

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