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...
Dhaka, Bangladesh (BBN)- The central bank of Bangladesh has asked the commercial banks to make sure...
Dhaka, Bangladesh (BBN)-Work to bring Bangladeshi factories used by north American retailers,...
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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Dhaka, Bangladesh (BBN) - Net foreign portfolio investment (FPI) in Dhaka stocks fell by 78.58 percent in July as investor enthusiasm did not grow at the same rate as in the previous month due to sluggish market trend and less trading sessions.
Overseas investors bought shares worth BDT 1.66 billion and sold shares worth BDT 868 million, taking their net investment to BDT 796 million in July, according to the Dhaka Stock Exchange statistics.
On the other hand, net investment by foreign investors...
Jhenidah, Bangladesh (BBN)- At least 11 people were killed and more than 50 were injured as a train hit a bus carrying a wedding party while it was crossing the rail lines in the country’s southwestern Jhenidah district early Friday, police said.
Khulna-bound ‘Simanto Express’ train from Jessore rammed the bus carrying a wedding party when it was passing Barobazar level crossing around 3:45 am (local time), leaving nine passengers of the bus dead on the spot, a local government official...
Dhaka, Bangladesh (BBN) - Share trading at the Dhaka Stock Exchange (DSE) will resume on Sunday after a five-day holiday for Eid-ul-Fitr, declared earlier by the DSE authorities.
The DSE authorities on July 10 announced that the share transaction and the office of the stock exchange would remain closed from July 27 to July 31 on the occasion of Eid.
The office of the stock exchange and the share trading, however, will resume on August 3 as the first two days of August fall in weekend.
Dhaka, Bangladesh (BBN)- The public subscription of two companies -- Western Marine Shipyard Limited (WMSL) and Khan Brothers PP Woven Bag Industries (KBPWBI) will begin this month (August), officials said. The initial public offering (IPO) subscription of Western Marine Shipyard will begin on August 10 and remain open till August 14 for resident Bangladeshis and August 23 for non-resident Bangladeshis. Western Marine Shipyard will float 45 million ordinary shares at an offer price of BDT 35,...
New York, NY (BBN) - New York research group the Conference Board’s index climbed up to 90.9 this month to go further than the 86.4 grade it achieved in June. The result far exceeded market expectations portrayed by a Bloomberg survey of economists. US economics head for Renaissance Macro Research LLC Neil Dutta described the economic conditions that led to the improvement by saying, “Employment conditions improved, gas prices are lower, equity markets remain robust, and that’s pretty much it.” He...
Agartala, India (BBN)- Rice from southern India to Tripura via Bangladesh is likely to reach here on Thursday, bringing to fruition a three-year-long diplomatic and strategical endeavour between New Delhi and Dhaka.
“The first consignment of 5,000 tonnes of rice in small ships from Kakinada port in Andhra Pradesh reached on Saturday at Ashuganj river port in (eastern) Bangladesh via Kolkata port,” Food, Civil Supplies and Consumer Affairs Minister Bhanulal Saha told IANS here.
He said, “The...
Kolkata, India (BBN)- The West Bengal cabinet has cleared road projects worth Rs 13.77 billion for developing roads that connects the state with three neighbouring countries.
Officials from the state secretariat said that the decision to approve the project and the funding was taken in the last state cabinet meeting to widen and develop roads that connects Bangladesh, Bhutan and Nepal with West Bengal. This will further give a boost in developing industry, tourism and new employment opportunities...
Pune, India (BBN)- Five people have been killed and nearly 170 people are feared buried under a landslide that hit a village 120 kilometres from Pune this morning after torrential rains.
Images of the area showed mountains of slush and mud that can be a logistical nightmare for rescue workers to reach those trapped.
Officials fear the number of dead may rise, the NDTV reported.
The landslide in the Malin village has buried about 40 houses, according to Prabhakar Deshmukh, the local commissioner...
Karachi, Pakistan (BBN)- The European Union (EU) has stopped Pakistan International Airlines (PIA) from bringing cargo to the member states owing to security concerns.Quoting the highly placed sources, the Dawn reported that the ban will also leave the national flag carrier unable to carry the cargo for the United States. Though there is no restriction on PIA from the US authorities, the airline is not allowed to fly directly from Pakistan to the US and all Pakistan International Airlines flights...
New Delhi, India (BBN)- The US$ 1.2 billion Indo-Bangla power JV is planning to award the contract for construction of the plant by April 2015 and expected to start commercial generation by FY18.
Arup Roy Choudhury CMD of NTPC said: "We expect to award the contract next year. The company has recently appointed Fichtner Consulting Engineers and is in the process of finalising a consultant who will help in sourcing coal for the project."
Mr Choudhury said that the plant is likely to consume...
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July 27, 2014