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Bangladesh Business News
Friday, October 31, 2014 01:41:04 PM GMT +06.00
 

Market Indicators

Latest update at 1:11 am on Oct13

Indicators Latest Previous Remarks
DSE General Index  5334.04  5237.72  1.84% 
Forex reserve (in billion$)   22.15  22.02  
Call money rate  7.5%-9.5%  7.0%-9.5%  
DIBOR   8.5516       8.7551  
Kerb market US$ rate  78.60-78.90  79.00-79.30  
Inter-bank US$-BDT rate  77.40  77.40  
BC-selling US$-BDT rate  77.8469  77.8498  
TT-clean US$-BDT rate  76.8469  76.8498  

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BBN Exclusive

bb-injects-bdt-4734bn-withdraws-bdt1903bn-tuesday Dhaka, Bangladesh (BBN)- The Bangladesh Bank (BB) injected BDT more than BDT 47 billion through assured liquidity support to the banks on Tuesday, officials said. Twenty five primary dealer (PD) and non-PD banks of 1-day tenor amounting total of BDT 47.3419 billion were provided as Liquidity Support Facility. The rate of interest of the Liquidity Support Facility was 7.25 percent. On the other hand, the central bank of Bangladesh withdrew BDT more than BDT 19 billion from the market using its...

 

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Banking

bsec-approves-bonds-bdt-10bl-for-4-banksDhaka, Bangladesh (BBN)-Some four banks will issue an aggregate amount bonds worth BDT 10.0 billion to...

Apparel

bangladesh-a-denim-expo-ends-another-to-be-held-in-nov Dhaka, Bangladesh (BBN)- A two-day denim exposition, organised by the denimsandjeans.com, concluded in...
   

Hot Issue

gps-q3-profit-falls-by-687pcDhaka, Bangladesh (BBN)-Grameenphone’s (GP) net profit fell slightly by 6.87 percent between July and September 2014 (Q3) from the same period a year ago, according to an office disclosure on Wednesday.As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2014 (July’14 to Sep’14), the company has reported profit after tax of BDT 5,345.30 million with EPS of  BDT 3.96 as against BDT 5,739.41 million and BDT 4.25 respectively for the same period of the previous...
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Latest News

fire-at-bsec-building-in-bangladesh-capital- Dhaka, Bangladesh (BBN) - A fire broke out at the sate-run Bangladesh Steel and Engineering Corporation (BSEC) Bhaban at Karwan Bazar in the capital Dhaka on Friday. The fire erupted on the top floor of the 11-storey building around 11:48 am (local time), a Bangladesh Fire Service and Civil Defence official said.On information, 12 firefighting units rushed in and started attempts to put out the blaze, he added.Huge black smokes were seen coming out from the top floors of the building that houses...
samsung-profit-lowest-in-three-yearsNew York (BBN)-Samsung Electronics has seen its quarterly operating profit fall to its lowest level in more than three years because of slowing smartphone sales.The South Korean company said profit fell 60% to 4.1tn won ($3.8bn; £2.5bn) in the three months to September, reports BBC.The results were in line with the firm's preliminary estimates released earlier this month.Shares of the world's biggest smartphone-maker have lost nearly 20% of their value this year.Samsung's mobile division, its...
bangladeshs-stocks-close-higher-defying-strikeDhaka, Bangladesh (BBN)-Bangladesh’s stocks returned to the green on Thursday after two sessions’ marginal correction with turnover improved further as the investors took position on large cap stocks.Despite the countrywide shutdown, the market started with an upbeat mood at 10:30am which sustained throughout the session. DSEX, the prime index of the Dhaka Stock Exchange (DSE), ended at 5,173.23 points, gaining 63.80 points or 1.24 percent.The DS30, comprising blue chips gained 30.15 points or 1.57...
asia-stocks-rise-after-fed-ends-stimulusTokyo, Japan (BBN)-Asia stocks mostly opened higher after the US dollar jumped in value following the end of the Federal Reserve's quantitative easing stimulus program.The US central bank also confirmed it would maintain record-low interest rates for "a considerable time", reports BBC.This caused the greenback to jump 0.7% to a near three-week high against the Japanese yen, which spurred gains in the country's exporter stocks.Japan's Nikkei rose 0.6% while Australian stocks gained 0.4%.New Zealand's...
overturn-nizami-all-others-death-penalty-ai  Dhaka, Bangladesh (BBN)-The Amnesty International has urged the Bangladesh government to overturn the death penalty of Jamaat-e-Islami chief Motiur Rahman Nizami.Abbas Faiz, Amnesty International’s Bangladesh Researcher, made the appeal to Bangladesh government saying, “Bangladesh must overturn the death sentence against Motiur Rahman Nizami and all others. The death penalty is the ultimate cruel, inhuman and degrading punishment and can never be a way to deliver justice.”The call of the...
us-bangladesh-knows-terrorism-threat-vows-to-counter-terrorist-financing  Washington (BBN)-The United States and Bangladesh have agreed to work together on bilateral, regional and international priorities, including sustainable development, counterterrorism, migration and climate change.Both the country came on the firm commitment during the US-Bangladesh 3rd Annual Partnership Dialogue held on October 28-29 in Washington, DC.During the two-day dialogue, both the countries recogneised the threat of terrorism in the world, and acknowledging the effectiveness of...
-bangladesh-sees-slack-strike- Dhaka, Bangladesh (BBN)-The 24-hour countrywide strike enforced by Jamaat-e-Islami protesting the death penalty awarded to its party chief Motiur Rahman Nizami is progressing across Bangladesh in a relaxed way. No major incident of violence was reported from any part of the country till 1:30pm when this report was updated.The shutdown that began at 6:00am Thursday will continue till 6:00am Friday.Jamaat will also observe another 48-hour strike from 6:00am Sunday.A special tribunal in Bangladesh...
renwick-jajneswar-declares-22pc-cash-dividend- Dhaka, Bangladesh (BBN)-The board of directors of Renwick Jajneswar has recommended 22 percent cash dividend for the year ended on June 30, 2014.The final approval will come during the AGM of the company scheduled to be held on December 13 at the mills premises in Kushtia. Record date of the company is November 20.The company has also reported net profit after tax of BDT 11.16 million, EPS of BDT 5.58, NAV per share of BDT (31.51) and NOCFPS of BDT (11.74) for the year ended on June 30, 2014...
us-supports-bangladeshs-war-crimes-trial-understands-its-painful-chapter Washington (BBN)-The US supports the ongoing war crimes trial of Bangladesh and also understands the “importance of its painful chapter”.The comment came when US Department of State's Spokesperson Jen Psaki was replying to queries on October 29 from newsmen as part of her daily briefing in Washington.“….as we have said since the time of the first verdict in Bangladesh’s International Crimes Tribunal, we support bringing to justice those who committed atrocities in the 1971 war. We understand the...
ebola-quarantine-test-looms-in-usWashington (BBN)-A nurse who cared for Ebola patients in Sierra Leone is fighting the US state of Maine over its right to quarantine her against her will.In a test case for returning US health workers, Kaci Hickox has vowed to leave her home on Thursday if the state does not lift the restrictions, reports BBC.President Barack Obama has been sharply critical of isolation being forced on people he says are "American heroes".Almost 5,000 people have died from the Ebola virus, mostly in West Africa.On...
 

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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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