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Bangladesh Business News
Tuesday, July 29, 2014 04:41:08 PM GMT +06.00
 

Market Indicators

Latest update at 12:56 pm on July28

Indicators Latest Previous Remarks
DSE General Index  4427.15  4388.69  0.88%
Forex reserve (in billion$)   21.26  20.25  
Call money rate  5.25%-8.50%  5.25%-8.0%  
DIBOR   7.5393       7.4122  
Kerb market US$ rate  78.40-78.70  78.30-78.60  
Inter-bank US$-BDT rate  77.52  77.52-77.54  
BC-selling US$-BDT rate  77.9839  78.0014  
TT-clean US$-BDT rate  76.9839  77.0014  

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BBN Exclusive

bangladesh-money-market-remains-stable-ahead-of-eid- Dhaka, Bangladesh (BBN) - Bangladesh’s money market remained stable on Sunday, the last working day before the Eid-ul-Fitr festival, because of having adequate liquidity with banks, officials said. The call rate ranged between 5.25 percent and 8.25 per cent on the day unchanged from the previous level. However, most of the deals were settled at rates varying between 6.0 per cent and 6.50 per cent, the market operators said. The weighted average rate of the call money rose to 7.60 per cent Sunday...

 

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Banking

banks-asked-to-ensure-cash-at-atms-pos-round-the-clock Dhaka, Bangladesh (BBN)- The central bank of Bangladesh has asked the commercial banks to make sure...

Apparel

bangladesh-needs-150m-18-months-to-make-factories-safe Dhaka, Bangladesh (BBN)-Work to bring Bangladeshi factories used by north American retailers,...
   

Hot Issue

bangladeshs-banking-industry-efficiency-falls-in-2013- Dhaka, Bangladesh (BBN)- The overall efficiency ratings of the country’s banking sector declined slightly in 2013 due mainly to higher volumes of non-performing loans, officials said. The efficiency ratio of all banks stood at 77.81 percent that means the banks spend around 78 paisa to earn BDT 1.0 during the last calendar year. The ratio figure was nearly 74 paisa a year ago, according to the central bank statistics. The aggregate efficiency level of specialised banks was at its worst, 94.83...
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Latest News

Frankfurt (BBN)-The European Central Bank is a little embarrassed after hackers stole 20,000 e-mail addresses and other contact information. The ECB said no financial information or market data had been stolen, and the database affected was separate from all its internal systems, reports CNN. The database serves parts of the ECB website that gather registrations for events such as conferences and visits. While most of the data were encrypted, e-mail addresses, some street addresses and phone...
ulfai-warns-state-against-giving-shelter-to-bangla-immigrants Guwahati, India (BBN)-Though a bit late, Paresh Baruah-led Ulfa (Independent) faction has warned of bloodshed in the state, if the government gives shelter to any illegal immigrant in the state. The hardliner faction said it would target all those who are trying to sneak into Assam and settle illegally, reports The Time of India. The outfit believes that both the Centre and state government are trying to alter the state's demography for their political gains. Early in July, Congress government...
john-kerry-visits-india-to-improve-ties New Delhi (BBN)-US Secretary of State John Kerry is to begin a visit to Delhi as Washington tries to improve ties with India under its new PM Narendra Modi. Ahead of the visit, Kerry said India and the US could cooperate on a wide range of economic and strategic issues, reports BBC. Relations between India and the US have been rocky in recent months. It is Kerry first visit to Delhi since a row between the two countries over the arrest and brief jailing of an Indian diplomat in New...
russia-to-appeal-against-50bn-yukos-shareholder-payout- Moscow, Russia (BBN)- Russia will appeal against a international court ruling that it should pay $50bn (£29.5bn) in damages, the biggest compensation package ever.Russia was told to pay the money to former shareholders in the now defunct oil producer Yukos.The Hague court said Russian officials had manipulated the legal system to bankrupt Yukos, and jail its boss, the BBC report.The Russian finance ministry said the ruling was "flawed", "one-sided" and "politically biased".The ministry added that...
indias-jute-sector-faces-threat-of-ban-on-government-quota New Delhi, India (BBN)- The Indian Jute Commissioner has warned the jute industry of a ban on their getting a government quota for five years, citing unfair trade practices by some mills. Certain jute mills are saddled with allegations of cheap but illegal imports of jute bags from Nepal and Bangladesh for profiteering, the Business Standard reported. The Jute Packaging Materials Act, 1987 provides for compulsory packaging of sugar and food grains in jute bags by government agencies up to 100...
road-accidents-kill-eight-in-bangladesh- Dhaka, Bangladesh (BBN)- At least eight people were killed and more than 50 others injured in separate road accidents in five districts of Bangladesh on Monday. The districts are Habiganj, Mymensingh, Munshiganj, Moulvibazar and Sunamganj.In Habiganj, two people were killed and two others injured when a covered van hit a human hauler on Dhaka-Sylhet highway at Nasaratpur in Sadar upazila (sub-district). In Mymensingh, three people were killed and 25 others injured in three road accidents in...
bnp-donates-bdt-05million-for-the-victims-in-gaza- Dhaka, Bangladesh (BBN)- Bangladesh Nationalist Party (BNP) Chairperson, Khaleda Zia visited the Palestine embassy in Dhaka on Monday afternoon and extended solidarity to the oppressed Palestinians.She also called on the Middle Eastern nations to stand by the Palestinians. The BNP chief also sought divine blessings for the Palestinians who lost their lives in brutal Israeli attacks.Khaleda also handed over a cheque of BDT 0.5 million to the embassy officials as donation for the victims in...
biman-aircraft-catches-fire-in-nepal- Kathmandu, Nepal (BBN)- An aircraft of Biman Bangladesh Airlines caught fire during landing at the Tribhuvan International Airport (TIA) in Kathmandu on Monday. No major incident occurred as the fire was immediately taken under control while all the passengers on board were rescued safely. The aircraft’s rear right tyre caught fire while landing at the airport. “Smoke was seen because of high pressure while landing,” Birendra Sansar Shrestha, spokesperson of the TIA, was quoted by the...
eid-ul-fitr-on-tuesday-as-shawwal-moon-sighted- Dhaka, Bangladesh (BBN)-Eid-ul-Fitr, the biggest religious festival of the Muslims, will be celebrated in Bangladesh as the crescent moon heralding the month of Shawal has been sighted in the country’s northern Rajshahi on Monday evening. The Muslims will offer Eid prayers seeking divine blessings and eternal peace, progress and prosperity of the people.The main Eid congregation will be held at the National Eidgah at 8:30am.Five congregations will be held at Baitul Mukarram National Mosque at...
eight-burn-injuries-in-bangladesh-capital- Dhaka, Bangladesh (BBN) - At least eight people sustained burn injuries in separate explosions in hairdresser salons in the capital Dhaka on Monday, police said. Four people were burnt in an explosion at Nupur Hair Dresser at Rayer Bazar of Mohammadpur on Monday morning, a local police official said. But the official could not confirm what had caused the explosion. Another four were injured in an explosion at a hairdresser salon at Natun Bazar of Bhatara area in Dhaka. An explosion from unknown...
 

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Prayer Timings

  Begining Jamaat
Fajr 3:58 4:08
Zohr 12:45 1:15
Asr 5:00 5:15
Maghrib 6:47 6:57
Esha 8:17 8:45

Exchange Rate

July 27, 2014

Currency Selling Buying
USD 79.50  78.00 
GBP 131.75 127.75
EUR 105.00 101.00
JPY 0.7759 0.7504
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 1.31 1.21

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