Wednesday, 20 Nov, 2024

Business

Yellen warns of Brexit hit to US economy

DHAKA: Federal Reserve chair Janet Yellen said a UK vote to leave the European Union could have ‘significant economic repercussions’. In a speech on Monday, she said a Brexit was one factor that the central bank would consider when deciding whether to raise interest rates. The

Markets up at opening

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing gain in share price indices on Tuesday (June 7), the third trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), acquired over 5.42

Markets see deflation Monday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed loss in share price indices for the second consecutive day on Monday (June 6), the second trading session of the week. DSEX, the prime index of Dhaka Stock Exchange

US-Bangla Airlines to bring out in-flight magazine

DHAKA: One of the leading private airliners in Bangladesh, US-Bangla Airlines will bring out their own in-flight magazine – ‘Blue Sky’ from July 1. Interface Communications, a leading in-flight entertainment content developer and supplier of the country will publish the quarterly

Bourses witness loss Sunday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed loss in share price indices on Sunday (June 5), the first trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 20.19 points or

New firm ‘Extra Energy’ tops complaints list

DHAKA: A small energy firm has seen a record proportion of customer complaints for any supplier over a three-month period, figures from Citizens Advice show. Extra Energy, which launched in 2014, attracted 1,682 complaints per 100,000 customers between January and March. This is the

Foreign aid, ADP, revenue income challenging

DHAKA: The Centre for Policy Dialogue (CPD), an independent think-tank, on Friday (June 3) said there are problems in generating revenue income, use of foreign income and implementation of annual development program (ADP). CPD’s distinguished fellow Dr. Debapriya Bhattacharya was

Agriculture gets Tk 13,675cr

DHAKA: A total of Tk 13,675 crore has been allocated for agricultural sector in the 2016-17 FY for the development of the sector of the country. Finance Minister AMA Muhith unveiled the allocation in his budget speech for the fiscal year 2016-17 in the parliament on Thursday (June 2).

Revenue income 12.4% of GDP

DHAKA: The government has estimated revenue income for FY2016-17 at Tk. 242,752 crore which is 12.4 percent of current GDP of the country. According to latest estimation, the GDP of Bangladesh is Tk 1,961,017 crore. However, of the estimated revenue income, NBR tax revenue is

Tk 340,605 cr budget placed

Total Outlay                                    Tk 340,605 cr Revenue Income                             Tk 242,752 cr Non-Development Expenditure       Tk 188,966 cr Development

No change in tax-free income ceiling

DHAKA: Individual taxpayers will experience no change this year as finance minister AMA Muhith has fixed the tax-free income ceiling at Tk 2.50 lakh like previous one in the proposed budget for the fiscal year 2016-17. Finance Minister has proposed the tax-free income limit while

BGMEA building to be demolished

DHAKA: Supreme Court (SC) Appellate Division upheld High Court (HC) verdict that asked to demolish BGMEA building at Kawran Bazar of capital. An SC bench led by Chief Justice Surendra Kumar Sinha passed the order on Thursday (June 2). As per the previous order of April 3 in 2011,

Philippines cancels licence of remittance firm 

DHAKA: The Philippine central bank said it had revoked the licence of a remittance company that anti-money laundering investigators said was used to transfer some of the $81 million hackers looted from the Bangladesh central bank. The Anti-Money Laundering Council (AMLC) issued a

Thailand for big investment in Bangladesh

BANGKOK (THAILAND): Thailand foreign minister Don Pramudwinai on Wednesday (June 1) said his country is interested to go for a large investment in Bangladesh considering its better economic condition. He further said his government encourages the large companies to increase investment

Aziz Khan as honorary consul general of Finland in Bangladesh

DHAKA: Finland and Bangladesh will have greater economic and business ties in the future, since now such an individual will be representing Finland, who is not only known in Bangladesh but also abroad as a successful entrepreneur. The visiting Ambassador of Finland to India and

Wednesday’s bourses see mixed amid choppy trading

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed mixed trend in share prices indices on Wednesday (June 1), the fourth trading session of the week. DSEX, the prime index of DSE, gained over 2.40 points or 0.05 percent

Bourses green at opening

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing gain in share prices indices at the opening hours on Wednesday (June 1). DSEX, the prime index of DSE, gained over 12.71 points or 0.28 percent to stand at 4432.11

Bourses witness mixed Tuesday

DHAKA: Dhaka Stock Exchange (DSE) witnessed loss of share prices indices while Chittagong Stock Exchange (CSE) witnessed gain on Tuesday (May 31). DSEX, the prime index of DSE, shed over 3.61 points or 0.08 percent to stand at 4419.39 points at the end of day’s trading. Trade

New trade time for stock markets in Ramadan

DHAKA: As in the previous years, country’s Stock Exchange authorities have announced new timetable for the month of Ramadan. According to the new schedule, trade will begin at 10:00am and continue till 2:00pm. After Ramadan, the bourses will follow the regular schedule, said Dhaka

Australia to sell £8m of seized bitcoins

DHAKA: A collection of bitcoins worth about £8m, which had been confiscated by police in Australia, will be auctioned off in June. The 24,518 bitcoins will be sold mostly in blocks of 2,000 - each with a market value of about £680,000. Ernst & Young, the firm organizing the