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Bangladesh Business News
Wednesday, July 23, 2014 11:58:59 AM GMT +06.00
 

Market Indicators

Latest update at 6:38 pm on July17

Indicators Latest Previous Remarks
DSE General Index  4392.15  4389.36  0.06%
Forex reserve (in billion$)   21.26  20.25  
Call money rate  5.5%-7.25%  5.5%-7.0%  
DIBOR   6.2927       6.3446  
Kerb market US$ rate  78.40-78.70  78.30-78.60  
Inter-bank US$-BDT rate  77.58-77.60  77.60  
BC-selling US$-BDT rate  78.0196  78.0275  
TT-clean US$-BDT rate  77.0196  77.0275  

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BBN Exclusive

labour-rights-and-workplace-safety-in-bangladesh-remain-top-us-priority- Dhaka, Bangladesh (BBN) - US Ambassador-designate to Bangladesh Marcia Stephens Bloom Bernicat has said Labour rights and workplace safety in Bangladesh remain a top US priority.   “We need Bangladeshis to ensure there will be no more heart-rending tragedies like the Rana Plaza building collapse or the Tazreen Fashions factory fire,” she said while giving her testimony before the US Senate Committee on Foreign Relations on Thursday. With support from the United...

 

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Banking

bb-to-unveil-capital-market-friendly-monetary-policy-on-july-26- Dhaka, Bangladesh (BBN) - The central bank of Bangladesh is going to announce a capital market...

Apparel

south-asias-biggest-garment-fair-ends-in-india- New Delhi, India (BBN) - South Asia’s largest garment fair has ended in New Delhi with...
   

Hot Issue

qatar-calls-for-recruitment-reforms-to-prevent-labor-abuse Qatar (BBN)-Facing incessant criticism for the way it treats its blue-collar labor force, Qatar is calling for changes to the recruitment system that brings millions of workers to the wealthy Persian Gulf region. Recruitment practices in the five countries where most workers come from -Philippines, Nepal, Bangladesh, Sri Lanka and India- have led to widespread abuses including debt bondage, forced labor and human trafficking, said a report of Qatar Foundation. Qatar Foundation, a...
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

  New York (BBN)-Technology giant Microsoft reported a 7 percent fall in profit during the second quarter. The company said profit during the March to June period was $4.6bn (£2.7bn), compared with $4.97bn during the same period last year, reports BBC. Microsoft said its Nokia division, which it acquired in April, lost $692m. Last week, Microsoft announced it would cut 18,000 jobs - the biggest round of job cuts in the company's 39-year history. Around 12,500 of those positions will be...
Dhaka, Bangladesh (BBN)-The board of directors of Navana CNG Limited has recommended 15 percent cash dividend for the year ended on March 31, 2014, said an office disclosure on Wednesday. The annual general meeting which is scheduled to be held on September 25 at Baridhara in Dhaka will formally announce the dividend. Record Date: 10.08.2014. The company has also reported EPS of BDT 3.46, NAV per share of BDT 28.14 and NOCFPS of BDT 4.03 for the year ended on March 31, 2014. There will be no...
bangladeshs-stocks-open-mix-trend Dhaka, Bangladesh (BBN)-The Dhaka Stock Exchange (DSE) saw positive trend while the Chittagong Stock Exchange (CSE) saw negative trend in early hours of trading on Wednesday, the fourth trading day of the week. DSEX, the prime index of the DSE, went up by 11.48 points or 0.25 percent to stand at 4,436.09 points after first 30 minutes of trade when the report was filed at 11:00am. The DS30 index, comprising blue chips gained 3.66 points or 0.22 per cent to reach at 1,621.72 points. The DSE...
mh17-dead-to-be-flown-to-netherlands Kharkiv, Ukraine (BBN)-The first bodies recovered from the Malaysia Airlines plane which crashed in Ukraine last week are to be flown to the Netherlands for identification. A day of mourning is being held to mark the occasion, more than five days after the aircraft was downed in a rebel-held area in eastern Ukraine, reports BBC. Meanwhile US intelligence officials said they believed pro-Russian rebels had shot down the jet by mistake. But no direct link to Russia itself had been found, they...
bangladesh-bank-withdraws-bdt-1823bn-from-market-tuesday Dhaka, Bangladesh (BBN)- The Bangladesh Bank (BB) withdrew BDT 18.23 billion from the market through reverse REPO auction on Tuesday, officials said. Six bids of 1-day tenor amounting total of BDT 18.23 billion were received and all the bids were accepted. The rate of interest of Reverse Repo was 5.25 percent. On the other hand, the central bank injected BDT 300 million in the market through special REPO auction on the same day, they added. One bid of 1-day tenor amounting to BDT 500 million...
govt-borrows-50bn-issuing-t-bonds- Dhaka, Bangladesh (BBN) - The government borrowed BDT 5.0 billion from the market through issuing its treasury bonds on Tuesday, officials said. Thirty one bids amounting total of BDT 7.7458 billion were offered against pre-targeted amount of BDT 2.50 billion for 15-Year Bangladesh Government Treasury Bonds (BGTB). Of those, five bids amounting total of BDT 2.50 billion were accepted. The coupon rate of the accepted bid was 11.8700 percent, according to the auction result. On the other hand,...
batbcs-h1-profit-up-39pc  Dhaka, Bangladesh (BBN)-The profit after tax of British American Tobacco Bangladesh Company (BATBC) grew by about 39 percent in the first half of 2014 (January to June), said an office disclosure on Tuesday. The company has reported profit after tax of BDT 2,872.27 million with EPS of BDT 47.87 in first half of 2014, (January to June’14) as against BDT 2,063.33 million and BDT 34.39 respectively for the same period of the previous year. Whereas profit after tax was BDT 1,630.44 million...
harun-securities-fined-tk03ml-  Dhaka, Bangladesh (BBN)-The securities regulator on Tuesday slapped a fine worth BDT 0.3 million on Harun Securities for breaching margin loan related securities rules, officials said. The decision was taken at a commission meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC). The BSEC Executive Director Mohammad Saifur Rahman said the commission imposed the penalty based on a probe report filed by the BSEC officials. As per the probe report, Harun...
lafarge-surmas-h1-profit-grows-up-by-32pc  Dhaka, Bangladesh (BBN)-Lafarge Surma Cement’s consolidated profit grew up by 32 percent in the first half (January to June’14) compared to same period last year. The earning per share (EPS) stood at BDT 1.21, said an office disclosure on Tuesday. As per un-audited half yearly accounts of Lafarge Surma Cement, the company earned (excluding non-controlling interests) BDT 1,402.27 million with consolidated EPS of BDT 1.21 as against BDT 1,062.02 million and BDT 0.91 respectively for the...
ifc-approves-bangladesh-gtsf-deal Dhaka, Bangladesh (BBN)-IFC has approved a US$10mn trade finance facility for Bangladeshi local apparel manufacturer MBM Group, GTR reveals. The IFC has launched its first Global Trade Supplier Finance transaction in Bangladesh, which will see MBM grow its international exports, most notably to buyer Levi Strauss & Co, reports Global Trade Review. The IFC will provide a supplier finance credit line to MBM Group and the company will receive funding backed by receivables from Levi Strauss...
 

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Prayer Timings

  Begining Jamaat
Fajr 3:44 3:54
Zohr 12:45 1:15
Asr 5:00 5:15
Maghrib 6:54 7:04
Esha 8:17 8:45

 

Exchange Rate

July 17, 2014

Currency Selling Buying
USD 79.50  78.00 
GBP 133.25 129.25
EUR 105.90 101.90
JPY 0.7791 0.7536
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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