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Bangladesh Business News
Sunday, April 20, 2014 06:55:39 AM GMT +06.00
 

Market Indicators

Latest update at 11:55 pm on Apr17

Indicators Latest Previous Remarks
DSE General Index  4604.79  4590.15  0.32%
Forex reserve (in billion$)   20.07  20.05  
Call money rate  5.0%-8.25%  5.0%-8.25%  
DIBOR    7.2951%   7.2404%  
Kerb market US$ rate  79.10-79.40  79.50-79.80  
Inter-bank US$-BDT rate  77.66-77.67  77.67  
BC-selling US$-BDT rate  78.0843  78.0904  
TT-clean US$-BDT rate  77.0843  77.0904  

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BBN Exclusive

thursdays-morning-business-round-up-of-bangladesh Dhaka, Bangladesh (BBN) - The Bangladesh Business News (BBN) prepares the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh. Govt wants more time to meet conditions on RMG sector: The government has sought more time to meet some of the conditions set by the US and the EU to improve the workplace safety and labour standards in the country's readymade garment (RMG) sector. The government has sought time until June, July and...

 

Opinons

governor-says-bb-takes-initiatives-to-promote-sme-lending-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...
<a href="http://www.instaforex.com/">InstaForex portal</a>

Banking

bangladesh-allows-foreigners-to-invest-in-bgtbs-using-nita Dhaka, Bangladesh (BBN) - The Bangladesh government has relaxed regulations, allowing foreigners...

Apparel

university-of-washington-requires-licensees-to-sign-bangladesh-accord Washington DC (BBN)-University of Washington apparel licensees who source, produce or purchase...
   

Hot Issue

bb-revives-committee-to-deal-with-bank-ceos-irregularities- Dhaka, Bangladesh (BBN)- The central bank of Bangladesh on Sunday revived its four-member standing committee to deal with alleged irregularities of chief executive officers (CEOs) of all commercial banks, officials said The committee, headed by Nazneen Sultana, deputy governor of the Bangladesh Bank (BB) will submit its recommendations to the governor for action against any top executives of the banks after hearing the allegations. The other members of the body are BB executive...
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

bangladesh-india-railway-talks-begin-in-dhaka-monday Dhaka, Bangladesh (BBN) - A three-day Bangladesh-India inter-governmental railway meeting (IGRM) will begin in the capital Dhaka on Monday to review the railway cooperation between the two countries.      The meeting, held annually to discuss railway cooperation, will also discuss ways and means to improve connectivity and services.     Freight train operations and the feasibility of introducing container train services between India and Bangladesh...
moodys-rates-bangladesh-outlook-stable-again Dhaka, Bangladesh (BBN)- The global credit rating agency Moody’s has rated Bangladesh’s outlook as stable again for the current year, but cautioned that some factors including political disturbances and deterioration in the balance of payment might affect its rating.    The outlook for Bangladesh is ‘Ba3’ with the short-term foreign and local currency ratings affirmed at ‘not prime’, the Moody’s said on Thursday...
bangladeshs-stocks-open-positive- Dhaka, Bangladesh (BBN)- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) saw positive trend in early hours of trading on Thursday. DSEX, the prime index of the DSE went up by 23.68 points or 0.51 per cent to stand at 4,613.83 points within first 30 minutes of trade when the report was filled at 11am. DSE turnover stands at BDT 602 million when the report was filed at 11am. Of the issues traded till then, 119 advanced, 51 declined and 28 remained unchanged. The port...
bangladesh-bank-buys-25m-more-from-banks Dhaka, Bangladesh (BBN) - The central bank purchased $15 million more from two commercial banks on Wednesday to keep the inter-bank foreign exchange market stable, officials said.   "We've bought the US currency from the banks directly at market rate to protect the interest of exporters and migrant workers by keeping the exchange rate of the local currency against the greenback stable," a senior official of the Bangladesh Bank (BB) told BBN in...
bangladesh-bank-injects-bdt-1368bn-in-market Dhaka, Bangladesh (BBN)- The Bangladesh Bank (BB) injected BDT 13.68 billion in the market on Wednesday through special REPO auction and assured liquidity support to the bank.   One bid of 1-day tenor amounting to BDT 910 million was received as special REPO and bid of 1-day tenor amounting to BDT 500 million was accepted.   Moreover, six PD (primary dealer) and non-PD banks of 1-day tenor amounting total of BDT 13.1805 billion were provided as Liquidity Support...
bangladesh-bank-withdraws-bdt195bn-issuing-bills- Dhaka, Bangladesh (BBN) - The Bangladesh Bank (BB) on Wednesday withdrawn BDT1.95 billion from the market though issuing of its 30-day bills, officials said.   Two bids amounting total of BDT 1.95 billion were offered and all bids were accepted. The rate of weighted average yield of the accepted bid was 6.80 percent. BBN/SSR/AD-17Apr14-10:04 am (BST)
pubali-bank-official-arrested-for-embezzling-bdt-17m- Dhaka, Bangladesh (BBN) - The officials of Anti-Corruption Commission (ACC) has arrested an official of Pubali Bank Limited for misappropriating BDT 16.80 million through issuing fake vouchers against bank drafts, officials said. A team of ACC picked Mashiul Alam, who is posted at the bank's at RK Mission Road, branch in Dhaka, remains suspended, up from Tejgaon area in the capital on Wednesday morning. Alam had embezzled BDT 16,800,999 in several phases producing fake vouchers...
gsks-tanzeum-gets-nod-as-once-weekly-treatment-for-type-2-diabetes New York (BBN)-GlaxoSmithKline plc has announced that the US Food and Drug Administration (FDA) has approved Tanzeum™ (albiglutide) for injection, for subcutaneous use, as a once-weekly treatment for type 2 diabetes. Tanzeum has been approved as an adjunct to diet and exercise to improve glycemic control in adults with type 2 diabetes mellitus, reports News Medical. Albiglutide, a glucagon-like peptide-1 receptor agonist (GLP-1), is a biological product for the treatment of...
innovative-artificial-surface-acts-like-an-antenna Beijing, China (BBN)-Researchers in China have created a new artificial surface that can bend and focus electromagnetic waves just like an antenna. This innovation may lead to the fabrication of flat, very low profile antennas that also could conform to the shape of curved surfaces, reports Science Recorder. Tie Jun Cui and his colleagues at Southeast University in Nanjing, China, are calling their breakthrough the “first broadband transformation optics metasurface lens,”...
bangladeshis-second-top-tippers-in-asia-pacific Dhaka, Bangladesh (BBN)-Bangladeshi consumers are the second most generous on Asia-Pacific when it comes to tipping, overtaking India, according to a MasterCard study. Thai consumers are the most generous in this regard, overtaking Bangladesh and claiming the top spot, reports the Bangkok Post quoting the study. Its April 7 research in 16 Asia-Pacific markets reveals how countries differ in the way they tip service in bars and restaurants. The study is based on a survey conducted...
 

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Exchange Rate

April 17, 2014

Currency Selling Buying
USD 79.50  78.00 
GBP 130.90 126.90
EUR 108.45  104.45 
JPY 0.7762 0.7509
S-Riyal 21.00 20.00
S-Dollar 63.50 61.50
M-Ringit 24.50 23.00
K-Dinnar 255.00 245.00

 

Prayer Timings

  Begining Jamaat
Fajr 4:35 5:10
Zohr 12:45 1:15
Asr 4:45 5:00
Maghrib 6:28 6:28
Esha 7:45 8:15