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Bangladesh Business News
Thursday, April 17, 2014 04:18:47 AM GMT +06.00
 

Market Indicators

Latest update at 12:50 pm on Apr16

Indicators Latest Previous Remarks
DSE General Index  4614.98  4606.76  0.18%
Forex reserve (in billion$)   20.05  20.03  
Call money rate  5.0%-8.25%  5.0%-8.25%  
DIBOR    7.2404%   7.3789%  
Kerb market US$ rate  79.30-79.80  79.50-79.60  
Inter-bank US$-BDT rate  77.67  77.67  
BC-selling US$-BDT rate  78.0904  78.0853  
TT-clean US$-BDT rate  77.0904  77.0853  

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BBN Exclusive

bangladesh-wednesdays-morning-business-round-up Dhaka, Bangladesh (BBN)- The Bangladesh Business News (BBN) prepares the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh. ConocoPhillips to continue exploration in other blocks: The refusal of ConocoPhillips to sign production-sharing contract (PSC) for shallow water block SS-07 in the Bay of Bengal will not affect the US-based company's exploration activities in other blocks, a company insider said. "The decision on...

 

Opinons

governor-says-bb-takes-initiatives-to-promote-sme-lending-The Bangladesh Bank (BB), the country’s central bank, has have taken a number of initiatives to promote small and medium enterprises (SME) lending, says BB Governor Atiur Rahman  In our country, 90% private sector enterprises are SMEs. 70 to 80% of the...
<a href="http://www.instaforex.com/">InstaForex portal</a>

Banking

bangladesh-allows-foreigners-to-invest-in-bgtbs-using-nita Dhaka, Bangladesh (BBN) - The Bangladesh government has relaxed regulations, allowing foreigners...

Apparel

bangladeshs-apparel-exporters-to-get-more-cash-incentive Dhaka, Bangladesh (BBN)- The government has set to provide more cash incentive to the ready-made...
   

Hot Issue

bb-revives-committee-to-deal-with-bank-ceos-irregularities- Dhaka, Bangladesh (BBN)- The central bank of Bangladesh on Sunday revived its four-member standing committee to deal with alleged irregularities of chief executive officers (CEOs) of all commercial banks, officials said The committee, headed by Nazneen Sultana, deputy governor of the Bangladesh Bank (BB) will submit its recommendations to the governor for action against any top executives of the banks after hearing the allegations. The other members of the body are BB executive...
BBN provides news and images to global media through syndication with The Hindustan Times Media Limited (HTML), New Delhi, India

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Latest News

pubali-bank-official-arrested-for-embezzling-bdt-17m- Dhaka, Bangladesh (BBN) - The officials of Anti-Corruption Commission (ACC) has arrested an official of Pubali Bank Limited for misappropriating BDT 16.80 million through issuing fake vouchers against bank drafts, officials said. A team of ACC picked Mashiul Alam, who is posted at the bank's at RK Mission Road, branch in Dhaka, remains suspended, up from Tejgaon area in the capital on Wednesday morning. Alam had embezzled BDT 16,800,999 in several phases producing fake vouchers...
gsks-tanzeum-gets-nod-as-once-weekly-treatment-for-type-2-diabetes New York (BBN)-GlaxoSmithKline plc has announced that the US Food and Drug Administration (FDA) has approved Tanzeum™ (albiglutide) for injection, for subcutaneous use, as a once-weekly treatment for type 2 diabetes. Tanzeum has been approved as an adjunct to diet and exercise to improve glycemic control in adults with type 2 diabetes mellitus, reports News Medical. Albiglutide, a glucagon-like peptide-1 receptor agonist (GLP-1), is a biological product for the treatment of...
innovative-artificial-surface-acts-like-an-antenna Beijing, China (BBN)-Researchers in China have created a new artificial surface that can bend and focus electromagnetic waves just like an antenna. This innovation may lead to the fabrication of flat, very low profile antennas that also could conform to the shape of curved surfaces, reports Science Recorder. Tie Jun Cui and his colleagues at Southeast University in Nanjing, China, are calling their breakthrough the “first broadband transformation optics metasurface lens,”...
bangladeshis-second-top-tippers-in-asia-pacific Dhaka, Bangladesh (BBN)-Bangladeshi consumers are the second most generous on Asia-Pacific when it comes to tipping, overtaking India, according to a MasterCard study. Thai consumers are the most generous in this regard, overtaking Bangladesh and claiming the top spot, reports the Bangkok Post quoting the study. Its April 7 research in 16 Asia-Pacific markets reveals how countries differ in the way they tip service in bars and restaurants. The study is based on a survey conducted...
domestic-delays-threaten-bangladesh-wc-preparations Dhaka, Bangladesh (BBN)-A backlog of tournaments in Bangladesh's 2013-14 season, a result of delays due to international fixtures, is threatening to impact the livelihood of hundreds of professional cricketers in the country and hamper the national side's preparations for the 2015 World Cup. With a delay over the scheduling of pending tournaments likely, the BCB has decided to try and fill the gap with international and A team tours, which they reckon can help prepare the side...
bangladeshs-stocks-close-lower Dhaka, Bangladesh (BBN)-Bangladesh’s stocks returned to the red on Wednesday with lower turnover as the investor booked marginal profit. DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,590.14 points, shedding 16.60 points or 0.36 percent. The DS30, comprising blue chips lost 10.55 points or 0.55 percent to close at 1,692.75 points. The DSE Index (DSES) went down by 3.54 points or 0.34 percent to close at 1,032.92 points. Turnover value on the DSE...
bangladesh-bank-buys-15m-more-from-bank Dhaka, Bangladesh (BBN) - The central bank purchased $15 million more from a state-owned commercial bank on Tuesday to keep the inter-bank foreign exchange market stable, officials said. "We've bought the US currency from the bank directly at market rate to protect the interest of exporters and migrant workers by keeping the exchange rate of the local currency against the greenback stable," a senior official of the Bangladesh Bank (BB) told BBN in Dhaka. According to...
bangladeshs-stocks-open-positive- Dhaka, Bangladesh (BBN) - Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed positive trend in early hours of trading on Wednesday. DSEX, the prime index of the DSE went up by 29.55 points or 0.64 per cent to stand at 4,636.31 points within first 30 minutes of trade when the report was filled at 11am. The turnover stands at BDT 909.50 million on DSE when the report was filed at 11am. Of the issues traded till then, 97 advanced, 67 declined and 28 remained...
bangladesh-bank-injects-bdt-925bn-in-market- Dhaka, Bangladesh (BBN)-The Bangladesh Bank (BB) on Tuesday injected BDT 9.25 billion through special REPO auction and assured liquidity support to the banks.   One bid of 1-day tenor amounting to BDT 910 million was received as special REPO and bid of 1-day tenor amounting to BDT 500 million was accepted.   Moreover, four PD (primary dealer) and non-PD banks of 1-day tenor amounting total of BDT 8.7488 billion were provided as Liquidity Support...
bangladesh-bank-withdraws-bdt-117bn-from-market- Dhaka, Bangladesh (BBN)- The Bangladesh Bank (BB) on Tuesday withdrawn BDT 1.17 billion through issuing its 30-day bills.   Only one bid amounting to BDT 1.17 billion was offered and the bid was accepted. The rate of weighted average yield of the accepted bid was 6.80 percent.   BBN/SSR/AD-16Apr14-10:47 am (BST)
 

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Exchange Rate

April 16, 2014

Currency Selling Buying
USD 79.50  78.00 
GBP 130.05 126.05
EUR 108.25  104.25 
JPY 0.7745 0.7491
S-Riyal 21.00 20.00
S-Dollar 63.50 61.50
M-Ringit 24.50 23.00
K-Dinnar 255.00 245.00

 

Prayer Timings

  Begining Jamaat
Fajr 4:35 5:10
Zohr 12:45 1:15
Asr 4:45 5:00
Maghrib 6:28 6:28
Esha 7:45 8:15