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Bangladesh Business News
Friday, November 21, 2014 05:10:01 AM GMT +06.00
 

Market Indicators

Latest update at 12:32 am on Nov21

Indicators Latest Previous Remarks
DSE General Index  4899.61  4926.24  0.54%
Forex reserve (in billion$)   21.63  21.53  
Call money rate  6.5%-8.5%  6.5%-8.5%  
DIBOR   7.3787       7.3495  
Kerb market US$ rate  78.00-78.30  78.00-78.30  
Inter-bank US$-BDT rate  77.57-77.60  77.57  
BC-selling US$-BDT rate  78.1402  77.0294  
TT-clean US$-BDT rate  77.1402  77.0294  

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BBN Exclusive

thursdays-morning-business-round-up-of-bangladesh Dhaka, Bangladesh (BBN)- The BBN has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh. Road, rail, waterways to link entire South Asia To boost economic activities in the region, the Saarc nations are likely to sign six Memoranda of Understanding (MoUs) on rail, road, water and air connectivity among the member states. The MoUs are expected to be signed during the 18th summit of the South Asian Association for Regional...

 

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Banking

loan-rules-relaxed-to-facilitate-agro-microcredit-disbursement-in-bangladesh Dhaka, Bangladesh (BBN)- The central bank of Bangladesh has relaxed its loan provisioning policies to...

Apparel

australian-buyers-urged-to-visit-bangladeshs-rmg-factories Dhaka, Bangladesh (BBN) - Commerce Minister of Bangladesh Tofail Ahmed has urged the Australian buyers...
   

Hot Issue

bangladesh-makes-farms-on-water-to-cope-with-changing-climatePabna, Bangladesh (BBN)-Each year the brown waters of the Gumani river swell during the summer monsoon, creeping over the surrounding fields to flood Charbhangura, a village of 2,500 people in the Pabna district of northwest Bangladesh.From July to October the waters can rise at least 10 feet, reports The New York Times. The trunks of trees more than 30 feet away from the dry season riverbed show watermarks waist high. When the fields flood, the village’s farmers have no work.“There is water all...
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Latest News

climate-fund-receives-93bn-pledgeBerlin (BBN)-Thirty nations meeting in Berlin have pledged $9.3bn (£6bn) for a fund to help developing countries including Bangladesh to cut emissions and prepare for climate change.In Bangladesh for example, British cash is helping landless people living in precarious temporary sandbanks that appear for a few years in the middle of rivers, reports BBC.The cash pays the Bangladeshi people to build their homes on earth platforms so their possessions are safe from flooding which is expected to get...
obesity-costing-same-as-smoking London (BBN)-The worldwide cost of obesity is about the same as smoking or armed conflict and greater than both alcoholism and climate change, research has suggested.The McKinsey Global Institute said it cost £1.3tn, or 2.8% of annual economic activity - it cost the UK £47bn, reports BBC.Some 2.1bn people - about 30% of the world's population - were overweight or obese, the researchers added.They said measures that relied less on individual responsibility should be used to tackle the problem.LOST...
malaysian-sultan-regrets-report-on-undocumented-bangladeshis Cameron Highlands, Malaysia (BBN)-Sultan Ahmad Shah of Pahang, Thursday expressed his regret over a news report claiming that Cameron Highlands had been overwhelmed by 30,000 undocumented Bangladeshis.He said the report was inaccurate, reports Malaysian news agency the Bernama."It is not true, not 30,000, that's erroneous. We should not talk without verifying the information. Don't frighten my people, especially in Cameron Highlands."The landslide report and then the front page about Cameron...
singapore-tops-ranking-of-best-place-to-do-business  Singapore (BBN)-Wealthy city-state Singapore has once again topped a ranking of the best places in the world to do business.The Economist Intelligence Unit (EIU) ranked Singapore as number one out of 82 countries for its "efficient [and] open economy", reports BBC.The tiny Asian island nation has been at the top of the rankings for seven consecutive years.Other countries ranked in the top five included Switzerland, Australia, Hong Kong and Sweden respectively.The rankings were based on the...
students-death-leads-closure-of-university-in-bangladeshSylhet, Bangladesh (BBN)-A student was killed in a factional clash between two groups of Bangladesh Chhatra League (BCL) of Shahjalal University of Science and Technology (SUST), leading the closure of the university for indefinite period Thursday. At least nine people were also injured in the clash. Sumon Roy, the deceased, was a third year LLB student of Sylhet International University, police said.The SUST authorities declared the university following the clash so that situation could not...
rajeev-sethi-made-ceo-of-grameenphone  Dhaka, Bangladesh (BBN)-Grameenphone Ltd has appointed Rajeev Sethi as its new CEO. Sethi will take the helm of the Grameenphone from December 1 this year, said a press statement of Grameenphone, Telenor’s Bangladesh subsidiary.Earlier Sethi was serving as the chief marketing officer (CMO) of Uninor, Telenor’s wholly-owned subsidiary in India, added the statement which was published Thursday. Meanwhile, Vivek Sood, who has served as Grameenphone CEO since January last year, has re-joined...
bangladesh-hc-restore-7-yr-jail-for-reckless-driving-Dhaka, Bangladesh (BBN)-The High Court in Bangladesh Thursday restored the highest punishment for irresponsible driving to seven years imprisonment from the existing three years jail. The High Court came with the judgement acting on a writ petition filed by Human Rights and Peace for Bangladesh.In its observation, the High Court also stated that the highest punishment for mindless reckless leading to death should be more than seven years imprisonment to ensure peoples’ right to life.The highest...
asian-shares-mixed-on-japan-and-china-dataJapan (BBN)-Asian shares were mixed on Thursday after trade data from the world's third-largest economy, Japan, showed that global demand was picking up.Japan's exports rose more than expected, by 9.6% in October from a year ago, which was the fastest pace since February, reports BBC.That compared with a 6.9% year-on-year rise in September.The benchmark Nikkei 225 closed slightly up +0.07% at 17,300.86 points after closing down 0.3% on Wednesday.Meanwhile, on the Chinese mainland, shares headed...
bangladeshs-stocks-return-to-red-amid-low-turnoverDhaka, Bangladesh (BBN)-Bangladesh’s stocks slipped in the red again on Thursday after previous sessions’ upturn amid sluggish turnover as investors remained followed cautious stance.DSEX, the prime index of the Dhaka Stock Exchange (DSE), dipped below the 4,900-mark again and ended at 4,899.60 points, shedding 26.63 points or 0.54 percent.The other two indices also closed in the red. The DS30, comprising blue chips lost 11.82 points or 0.64 percent to close at 1,814.69 points. The DSE Shariah Index...
yahoo-to-replace-google-for-search-on-firefoxNew York (BBN)-Tech giant Yahoo will now replace online leader Google as the default search engine on Firefox's internet browsers in the US.Yahoo said it would launch a "clean, modern and immersive design" search engine for Firefox users starting in December, reports BBC.The news comes as Google's arrangement with Firefox maker Mozilla nears an end after a decade-long partnership.Market leader Google accounts for 67% of searches from US desktop computers.That compares to about 20% for Microsoft and...
 

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Prayer Timings

  Begining Jamaat
Fajr 4:40 5:15
Zohr 12:45 1:15
Asr 4:15 4:30
Maghrib 6:00 6:05
Esha 7:30 8:00

Exchange Rate

Oct 8, 2014

Currency Selling Buying
USD 79.50  78.00 
GBP 125.40 121.40
EUR 98.60 94.60
JPY 0.7280 0.7041
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 1.28 1.18

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