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Bangladesh Business News
Saturday, October 25, 2014 07:33:45 AM 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

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 Dhaka on October 16 with high hopes to attract global buyers as Bangladesh has a capacity to provide quality items with a lower cost. Twenty four companies from Bangladesh, India, Pakistan, Sri Lanka, Germany, China and Brazil took part in the exhibition to showcase their denim pants, fabrics and latest accessories.Indian High Commissioner to Bangladesh Pankaj Saran inaugurated the expo at at...

 

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Banking

bb-asks-nbl-board-to-comply-with-inspection-reports-properly- Dhaka, Bangladesh (BBN) - The central bank of Bangladesh has asked the board of directors of National...

Apparel

ilo-seeks-vat-waiver-for-rmg-factory-inspection-fund- Dhaka, Bangladesh (BBN)- The International Labour Organisation (ILO) has urged the government to waive...
   

Hot Issue

bangladeshs-tax-returns-deadline-now-nov-2-Dhaka, Bangladesh (BBN)-The National Board of Revenue (NBR) has extended the deadline for submitting income tax returns for the current year till November 2.Earlier, the last date of submitting the tax was September 30. The NBR authorities are expected to issue a circular on the new timeline Thursday evening.The extension came following a demand from leading business chambers and different tax bar associations as two major religious festivals one for Muslims and another for Hindus (Eid-ul-Azha and...
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

russia-keen-to-import-garment-from-bangladesh Dhaka, Bangladesh (BBN)- Russia is keen to import Readymade Garment (RMG) from Bangladesh, Ambassador of Russian Federation to Bangladesh Alexander A Nikolaev said on Friday."The apparel sector has developed in Bangladesh with enormous potentials and there is ample scope to export garments to Russia from here", said Russian envoy.The Russian ambassador was speaking while visiting RMM Knit Clothing and Sweater Factory at Aliganj in Narayanganj this morning.The European Union (EU) member countries...
mjl-bd-dominates-weeks-top-turnover-chart Dhaka, Bangladesh (BBN)- MJL Bangladesh Limited dominated the week’s top turnover chart last week on the Dhaka Stock Exchange (DSE) that ended on Thursday. A total of 9.94 million share worth BDT 1.47 billion changing hands last week. Daily average turnover for the company was BDT 294.68 million. The week’s closing price of MJL BD share was BDT 152.4, registering an increase of 2.28 per cent over the previous week. A market lot is 100 shares. Of the total shares – 58.36 percent held...
microsoft-profits-fall-on-nokia-dealNew York (BBN)-Microsoft has reported a fall in profits as a result of costs related to job cuts and its purchase of Nokia's smartphone business earlier this year.The software giant made $4.5bn (£2.8bn) in the three months to September, 13% lower than the same time last year, reports BBC."Integrations and restructuring expenses" cost $1.1bn, Microsoft said.But the new Nokia business also boosted revenues. They climbed 25% to $23.2bn, beating expectations and sending shares higher in after-hours...
ny-doctor-tests-positive-for-ebolaNew York (BBN)-A New York doctor who recently returned from Ebola-hit Guinea in West Africa has tested positive for the disease.Dr Craig Spencer, who treated Ebola patients while working for the charity Medecins Sans Frontieres (MSF), came down with a fever on Thursday, days after his return, reports BBC quoting officials.He is the first Ebola case diagnosed in New York, and the fourth in the US.More than 4,800 people have died of Ebola - mainly in Liberia, Guinea and Sierra Leone - since March.Dr...
eu-leaders-agree-co2-emissions-cut  London (BBN)-EU leaders have reached a landmark deal to cut greenhouse emissions by 40 percent by 2030, compared with 1990 levels.The binding decision came after heated discussions at a summit in Brussels, as some members had argued that their varied interests should be protected.Correspondents say it could make the EU a leader again in climate policy.The bloc also agreed to boost the use of renewable energy to 27 percent in the total energy mix and increase energy efficiency to at least 27...
asian-shares-higher-on-us-company-earningsJapan (BBN)-Asian shares were up on Friday, taking their lead from the US where markets closed higher after some strong company results boosted investor sentiment.The S&P 500 ended the day 1.2% higher at 1,951, after positive results from big firms including Caterpillar and 3M, reports BBC.Japan's Nikkei index rose 1.2% after the auto giant Toyota said it would post record profits for the nine months to September.Shares of the carmaker rose more than 2% on the news.Elsewhere in Asia, the...
cse-to-arrange-itf-in-divisional-hqs-of-bangladesh Dhaka, Bangladesh (BBN)- Chittagong Stock Exchange (CSE) is planning to arrange the Internet Trade Fair (ITF) in the country’s six divisional headquarters aiming to popularise its internet trading platform along with creating awareness among investors.  "We’ll arrange the ITF in the country's divisional head quarters," Mohammed Mohiuddin, a CSE director and chairman of Island Securities, said at the closing ceremony of the CSE's ITF in the capital Dhaka on Thursday.Around 10 per cent of a...
bangladeshs-war-criminal-ghulam-azam-diesDhaka, Bangladesh (BBN)-Ghulam Azam, a top convicted war criminal of Bangladesh died Thursday night. The former Jamaat-e-Islami chief who was convicted for 90 years died at Bangabandhu Sheikh Mujib Medical University (BSMMU) around 10:10pm, hospital sources confirmed.Azam, 92, was kept on life support as his physical condition deteriorated around 9:00pm, said Brigadier (retd) Abdul Mazid Bhuiyan, director of the BSMMU.He was kept at a prison cell of the hospital since January 11, 2012, the very day...
aamra-technologies-declares-10pc-cash-dividend Dhaka, Bangladesh (BBN)- The board of directors of Aamra Technologies Ltd has recommended 10 percent cash dividend for the year ended on June 30, 2014, said an office disclosure on Thursday.The AGM will be held on December 24 at 10am at the Spectra Convention Center, House # 19, Road # 07, Gulshan-1, Dhaka-1212. Record Date: 12.11.2014.The Company has also reported EPS of BDT 1.52, NAV per share of BDT 20.97 and NOCFPS of BDT 0.59 for the year ended on June 30, 2014.There will be no price limit on...
bangladeshs-stocks-drop-for-second-day Dhaka, Bangladesh (BBN)- Bangladesh’s stocks edged lower for the second running session on Thursday with turnover dipped to 6-week low on the major bourse as the investors followed cautious stance.DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down further by 16.04 points or 0.31 percent to close at 5,154.10 points amid volatile trading throughout the session.The other two indices also closed in the red. The DS30, comprising blue chips lost 5.32 points or 0.27 percent to close at...
 

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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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