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Bangladesh Business News
Thursday, July 24, 2014 10:14:11 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...
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Latest News

alliance-to-start-remediation-of-factories- Dhaka, Bangladesh (BBN) - The Alliance for Bangladesh Worker Safety, a platform of 26 North American retailers and brands, is set to start the remediation of factories to bring them into compliance with strict safety standards after completing first one year of its progarmme. “As we move forward with the challenging task of remediation, we continue to recognize that the responsibility for safe factories is one shared by all stakeholders. Together with garment factory owners, trade unions, the...
no-gas-from-rils-kg-d6-is-being-supplied-to-bangladesh New Delhi, India (BBN)- The Indian government on Wednesday asserted that no gas from Reliance Industries' eastern offshore KG-D6 block was being supplied to Bangladesh. In the run up to the general election, Aam Aadmi Party (AAP) had alleged that RIL's partner Niko Resources was selling KG-D6 gas in Bangladesh for half the USD 4.2 per million British thermal unit rate that India pays them. "The gas produced from KG-DWN-98/3 (KG-D6) block in eastern offshore is being sold domestically in India as...
rise-in-tourists-from-bangladesh-to-india  New Delhi, India (BBN)-Bangladesh continued to top the list of six neighbouring countries in terms of number of foreign tourists arriving in India, Rajya Sabha was informed on Wednesday. Bangladesh held the apex position in this regard during the last three years, reports PTI. A total of 1,139,238 people from six neighbouring countries Afghanistan, Nepal, Pakistan, Sri Lanka, Bhutan and Bangladesh visited India in 2013, Tourism Minister Shripad Naik said in a written reply. There were...
un-warns-of-israel-gaza-war-crimes Geneva, Switzerland (BBN)-The UN's top human rights official has condemned Israel's military actions in the Gaza Strip, saying that war crimes may have been committed. Navi Pillay told an emergency debate at the UN Human Rights Council in Geneva that Israel's military offensive had not done enough to protect civilians, reports BBC. She also criticised Hamas for "indiscriminate attacks" on Israel. Israel launched its offensive on 8 July with the declared objective of stopping rocket fire from...
bangladeshs-stocks-return-to-red Dhaka, Bangladesh (BBN)-Bangladesh’s stocks returned to the red on Wednesday, after two session’s upturn as a section of investors’ booked short-term profit. DSEX, the benchmark index of the Dhaka Stock Exchange (DSEX), ended at 4,388.68 points, shedding 35.92 points or 0.81 percent. The DS30, comprising blue chips lost 16.02 points or 0.99 percent to close at 1,602.04 points. The DSES declined 6.57 points or 0.66 percent to close at 993.24 points. DSE turnover came down to BDT 3.18 billion,...
infiltration-from-bangladesh-up-5-times-since-mamatas-rule New Delhi, India (BBN)-No wonder Prime Minister Narendra Modi was harping before the Lok Sabha polls on the problem on infiltration from Bangladesh into India through West Bengal. Infiltration from Bangladesh into West Bengal has increased a whopping fivefold between 2011 and 2013, which coincides with chief minister Mamata Banerjee’s regime, reports Hindustan Times. While in 2011, 577 persons were apprehended for crossing the border into West Bengal illegally, the number shot up almost five...
microsoft-profit-falls-on-nokia-loss  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...
navana-cng-declares-15pc-cash-dividend-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...
 

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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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