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BBN Exclusive
 Dhaka, Bangladesh (BBN)- The government is set to issue the newly introduced two-year Bangladesh Government Treasury Bond (BGTB) on May 28 aiming to bring dynamism in the country's secondary securities market, officials said.The disclosure came at a meeting of the members of Primary Dealers Bangladesh Limited (PDBL) held in the central bank on Tuesday with Executive Director of the Bangladesh Bank (BB) Sudhir Chandra Das in the chair."We'll start issuance of two-year BGTB worth BDT 3.0 billion from...
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Opinons
 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...
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Banking
Dhaka, Bangladesh (BBN)- The central bank of Bangladesh has started a study on spread calculation aiming...
Apparel
Dhaka, Bangladesh (BBN) - The apparel manufacturers' body has decided to suspend membership of the...
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Hot Issue
 Dhaka, Bangladesh (BBN) - The World Bank sees Bangladesh’s readymade garment (RMG) industry is suffering from a severe image crisis in the international markets because of concerns about labor safety arising from recent fire incidents in two garment factories, which resulted in a combined casualty of 119 workers. “This led the US and EU to rethink the Generalized System of Preference (GSP) facilities provided to Bangladesh. The United States Trade Representative (USTR) has started the process of...
Latest News
 Dhaka, Bangladesh (BBN) - The central bank of Bangladesh has declined a proposal put forward by the realtors for resumption of refinancing scheme for the housing sector on the ground of possible rise in inflation.The refusal came at a meeting with a six-member delegation of the Real Estate and Housing Association of Bangladesh (REHAB) held at the central bank on Monday with Bangladesh Governor (BB) Governor Atiur Rahman in the chair. “Revival of the refinancing scheme for the housing sector is not...Dhaka, Bangladesh (BBN): The market ended higher for the third running session Monday as ease in political atmosphere and growing budgetary expectations continued to dominate investor sentiments.The General Index of the Dhaka Stock Exchange (DGEN) ended at 4,096.76 points, gaining 16.78 points or 0.41 per cent.The other two indices also ended in green --- the DSEX went up by 28.76 points or 0.74 per cent to close at 3,902.39 while the blue chip index DS30 advanced 9.58 points or 0.67 per cent to... Dhaka, Bangladesh (BBN)- Auction of 91-Day and 364-Day Treasury Bills was held on Sunday, officials said. Total 21 bids of BDT 7.0417 billion for 91-Day T-bills and 21 bids of BDT 5.3371 billion for 364-Day T-bills were offered. Of those 10 bids of BDT 4.0805 billion for 91-Day T-bills and six bids of BDT 1.0350 billion for 364-Day T-bills were accepted. Accordingly, BDT 1.7517 billion was devolved on primary dealers (PDs) and BDT 1.1678 billion was devolved on non-PD banks for 91-Day T-bills. BDT... Dhaka, Bangladesh (BBN)- The REPO auction of Bangladesh Bank for commercial banks and financial institutions was held on Sunday, officials said. Two bids of 1-day tenor amounting total of BDT 1.42 billion were received as special REPO. Of those, all bids of 1-day tenor amounting total of BDT 1.05 billion were accepted. Moreover, five primary dealers (PDs) and non-PD banks of 1-day tenor amounting total of BDT 8.8827 billion were provided as Liquidity Support Facility. The rate of interest of...  Dhaka, Bangladesh (BBN)- Mohammad Abdul Mannan, Managing Director of Islami Bank Bangladesh Limited took over the charge of Bank’s chief executive officer (CEO) on May 19, 2013 for another three years.Prior to assuming the position first time in 2010, he pursued a successful banking career of three decades as Head of Investment Wing, International Banking Wing, Divisional Head, Branch Manager and Remittance Marketing Officer in six Gulf countries. He did substantial works to popularize shariah based...Dhaka, Bangladesh (BBN): The bourses ended higher for the second running session on Sunday with turnover hitting three months high as investors went for buying spree amid strong optimism.The General Index of the Dhaka Stock Exchange (DGEN) crossed 4,000 points mark after 52-session to close at 4,079.97 points, gaining 97.90 points or 2.45 per cent.The DSEX went up by 99.84 points or 2.64 per cent to close at 3,873.62 while the blue chip index DS30 rose 27.69 points or 2.0 per cent to close at...  Dhaka, Bangladesh (BBN)- Several hundred workers of a garment factory at Palashbari of Ashulia, on the outskirts of the capital staged protests on Saturday against the termination of their co-workers a day after the factory reopened after a long workers’ unrest. Witnesses said the workers of Shahreer Garment became agitated after coming to know about the termination of 75 fellows. The protesters blocked the Nabinagar-Bipail road for an hour and vandalised at least five vehicles.They said that about... Dhaka, Bangladesh (BBN)- Samsung Electronics Bangladesh and Grameenphone have jointly launched Samsung Galaxy S4, a smartphone, at a programme in the capital Dhaka.The new cellphone priced at Tk 67,500 is available in selected Grameenphone (GP) Centres and Samsung Smartphone Cafés across the country, a statement said.Samsung and GP also introduced a 24-month instalment purchase options exclusively for the network’s users. GP clients can buy the S4 at Tk 2,810 monthly through credit cards of Standard... Dhaka, Bangladesh (BBN) - A collaboration of six leading US and Canadian apparel and retail trade associations has sent a letter to Prime Minister Sheikh Hasina seeking cooperation to implement the Safer Factories Initiative (SAI) in Bangladesh."….we understand that joint effort and cooperation of all parties - the Bangladesh government, factory owners, workers, buyers in North America and Europe, members of civil society, and organised labour-are essential to identify viable solutions and implement...Dhaka, Bangladesh (BBN)- Editors of 15 national dailies yesterday demanded reopening of the press of daily Amar Desh, freeing its acting editor Mahmudur Rahman and allowing the broadcast of Diganta and Islamic TVs. They also demanded withdrawal of cases against Mahmudur’s mother and the editor of daily Sangram, according to a joint statement.Expressing deep concern at the ongoing government actions on the media, they termed it an alarming threat to press freedom. “This type of incidents will...
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