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Bangladesh Business News
Wednesday, July 30, 2014 07:06:58 PM GMT +06.00
 

Market Indicators

Latest update at 12:56 pm on July28

Indicators Latest Previous Remarks
DSE General Index  4427.15  4388.69  0.88%
Forex reserve (in billion$)   21.26  20.25  
Call money rate  5.25%-8.50%  5.25%-8.0%  
DIBOR   7.5393       7.4122  
Kerb market US$ rate  78.40-78.70  78.30-78.60  
Inter-bank US$-BDT rate  77.52  77.52-77.54  
BC-selling US$-BDT rate  77.9839  78.0014  
TT-clean US$-BDT rate  76.9839  77.0014  

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BBN Exclusive

bangladesh-money-market-remains-stable-ahead-of-eid- 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...

 

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Banking

banks-asked-to-ensure-cash-at-atms-pos-round-the-clock Dhaka, Bangladesh (BBN)- The central bank of Bangladesh has asked the commercial banks to make sure...

Apparel

bangladesh-needs-150m-18-months-to-make-factories-safe Dhaka, Bangladesh (BBN)-Work to bring Bangladeshi factories used by north American retailers,...
   

Hot Issue

bangladeshs-banking-industry-efficiency-falls-in-2013- 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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Latest News

seven-foods-that-fight-inflammation-belly-fat Fruits and vegetablesAll fruits and vegetables, due to their rich nutrient and fiber content, help to combat chronic inflammation, so make sure to include adequate amounts of these foods daily. Some types of fresh produce, however, are even more potent than others.Some terrific anti-inflammatory fruits and vegetables to include in your meal plan include apples, berries, broccoli, mushrooms, papaya, pineapple, and spinach.Green teaThis mild beverage is great for helping shrink your waistline as...
hsbc-closes-some-muslim-groups-accounts London, UK (BBN)- HSBC bank has written to Finsbury Park Mosque and other Muslim organizations in the United Kingdom (UK) to tell them that their accounts will be closed.The reason given in some cases was that to continue providing services would be outside the bank's "risk appetite".The wife and teenage children of a man who runs a London based Islamic think tank have also been contacted.HSBC said decisions to close accounts were "absolutely not based on race or religion", the BBC reported."We do...
amazon-pledges-2bn-india-investment New Delhi, India (BBN) - Amazon, one of the world's largest online retailers, has said it will invest a further $2.0 billion (£1.2 billion) to boost its operations in India.The firm said India is on track to become "our fastest country ever" to reach $1.0 billion in gross sales, the BBC reported. Amazon's move comes a day after India's largest e-commerce firm Flipkart raised $1.0 billion in fresh funding, the largest ever for an Indian internet firm.India's total e-commerce market was worth...
road-crash-kills-21-in-northern-india- New Delhi, India (BBN) - At least 21 people were killed when their bus swerved off a mountain road and fell into a gorge in the northern Indian state of Himachal Pradesh.The accident took place in Shimla district late on Tuesday, police said. The dead include 10 women and two children. Fifteen others were injured, the BBC reported.Rescue workers struggled in the dark to recover 18 bodies from the wreckage. Bus crashes are common in India and often caused by poorly maintained vehicles, overloading...
road-crashes-kill-20-in-bangladesh-on-eid-day- Dhaka, Bangladesh (BBN)- At least 20 people were killed in separate road accidents at Noakhali, Narayanganj, Bhola, Faridpur and Chittagong districts of Bangladesh on Tuesday, the Eid day.Six people, including three of a family, died after a bus plunged into a roadside canal near the Joyag College in Sonaimuri upazila(sub-district) of Noakhali on Tuesday afternoon.In Narayanganj, four people were killed as a car fell in a ditch beside Dhaka-Narayanganj Highway at Jalkuri in Narayanganj. In Bhola,...
13-missing-as-boat-sinks-in-southwestern-bangladesh Kushtia, Bangladesh (BBN)- At least 13 people went missing as a boat carrying 20 people sank into the river Padma on Tuesday in the country’s southwestern Kushtia district, police said.The boat sank into the mighty river as the people were enjoying a boat ride on the Muslim religious festival Eid-ul-Fitr in the afternoon in Daulatpur upazila (sub-district), a local police official said.He also said seven persons were rescued by local people while 13 others remained missing. “Local people are...
apparel-workers-on-hunger-strike-for-payment-in-bangladesh-Dhaka, Bangladesh (BBN)- More than 1200 workers of four garment factories of Tuba Group have been observing hunger strike programme at Badda area in the capital Dhaka on Tuesday, the Eid day, demanding their unpaid salaries and allowance.The garment factories are Tuba Fashions, Bukshan Garments, Tuba Textiles and Mita Design.The Tuba Group failed to pay the dues and festival allowances to its 1,500 employees.Owner of Tuba Group Delwar Hossain is currently in jail in connection with the Tazreen...
Frankfurt (BBN)-The European Central Bank is a little embarrassed after hackers stole 20,000 e-mail addresses and other contact information. The ECB said no financial information or market data had been stolen, and the database affected was separate from all its internal systems, reports CNN. The database serves parts of the ECB website that gather registrations for events such as conferences and visits. While most of the data were encrypted, e-mail addresses, some street addresses and phone...
ulfai-warns-state-against-giving-shelter-to-bangla-immigrants Guwahati, India (BBN)-Though a bit late, Paresh Baruah-led Ulfa (Independent) faction has warned of bloodshed in the state, if the government gives shelter to any illegal immigrant in the state. The hardliner faction said it would target all those who are trying to sneak into Assam and settle illegally, reports The Time of India. The outfit believes that both the Centre and state government are trying to alter the state's demography for their political gains. Early in July, Congress government...
bb-provides-bdt-5046bn-cash-to-cope-with-eid-withdrawals Dhaka, Bangladesh (BBN) - Eid spending turned into heavy withdrawal from banks which created a cash crunch in the country’s banking system, forcing the central bank to inject fresh fund into the market in the last couple of days. The Bangladesh Bank (BB) has injected more than BDT 50.46 billion liquidity into the banking system since July 23 to keep the money market stable ahead the Eid festival. “We had expedited our liquidity support to the banks gradually considering the overall market...
 

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Prayer Timings

  Begining Jamaat
Fajr 3:58 4:08
Zohr 12:45 1:15
Asr 5:00 5:15
Maghrib 6:47 6:57
Esha 8:17 8:45

Exchange Rate

July 27, 2014

Currency Selling Buying
USD 79.50  78.00 
GBP 131.75 127.75
EUR 105.00 101.00
JPY 0.7759 0.7504
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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