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Bangladesh Business News
Wednesday, November 26, 2014 10:46:52 AM GMT +06.00
 

Market Indicators

Latest update at 1:15 am on Nov25

Indicators Latest Previous Remarks
DSE General Index  4768.90  4838.11  1.43%
Forex reserve (in billion$)   21.62  21.63  
Call money rate  6.25%-8.5%  6.25%-8.5%  
DIBOR   7.3201       7.3423  
Kerb market US$ rate  78.10-78.40  78.00-78.30  
Inter-bank US$-BDT rate  77.57-77.60  77.57  
BC-selling US$-BDT rate  78.3959  78.2308  
TT-clean US$-BDT rate  77.3959  77.2308  

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BBN Exclusive

bb-injects-bdt-1687bn-withdraws-bdt-1054bn-monday- Dhaka, Bangladesh (BBN)- The Bangladesh Bank (BB) withdrew BDT 16.87 billion from the market through reverse REPO auction on Monday, officials said.Five bids of 1-day tenor amounting total of BDT 16.87 billion were received and all the bids were accepted. The rate of interest of reverse REPO was 5.25 percent.On the other hand, the central bank injected BDT 10.54 billion in the market providing liquidity support to the banks on the same day.Thirteen primary dealer (PD) and non-PD banks of 1-day...

 

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Banking

bangladesh-bank-sells-45m-to-five-banks-to-keep-market-stable- Dhaka, Bangladesh (BBN)- The central bank of Bangladesh has resumed its foreign-exchange support...

Apparel

tazreen-victims-set-for-compensation- Geneva, Switzerland (BBN)- Two years after the Tazreen disaster that killed more than 120 people...
   

Hot Issue

bangladeshs-bad-loans-surge-by-3268-in-jan-sept Dhaka, Bangladesh (BBN)- Bad loans, the worst category of the non-performing loans (NPLs), in the country’s banking sector increased by 32.68 per cent to BDT 423.53 billion in the first nine months of this year due to most of the banks’ failure in recovering such loans amid rising financial irregularities. The bad loans rose to BDT 423.53 billion as of September 30, 2014 from BDT 319.20 billion as of December 31, 2013. It was BDT 394.45 billion as of September 30, 2013. As of September 30, 2014,...
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

climate-fixes-could-harm-billions-of-peopleOxford (BBN)-Schemes to tackle climate change could prove disastrous for billions of people, but might be required for the good of the planet, scientists say.That is the conclusion of a new set of studies into what's become known as geo-engineering, reports BBC.This is the so far unproven science of intervening in the climate to bring down temperatures.These projects work by, for example, shading the Earth from the Sun or soaking up carbon dioxide.Ideas include aircraft spraying out sulphur...
asian-shares-trade-mixed-despite-strong-us-growthJapan (BBN)-Asian shares traded mixed on Wednesday despite data showing that the US economy grew faster than forecast in the third quarter.The economy grew at an annualised rate of 3.9% from July to September, better than the 3.5% economists predicted, reports BBC.The rise, which follows a strong second quarter, meant that the US has seen its strongest two consecutive quarters of growth in a decade.But that failed to ignite markets, with Japan's Nikkei down 0.3% at 17,357.8.The dollar was down to...
bangladesh-pm-urges-saarc-leaders-to-work-collectively-for-prosperity-Kathmandu, Nepal (BBN)-Bangladesh Prime Minister Sheikh Hasina Wednesday urged the SAARC leaders for setting aside their differences and working on collective strength for bringing real prosperity of the people of the region."SAARC can actually attain collective political will and ambitions. What is needed is to set aside our differences and work on collective strength for bringing real progress of the region," the PM said. She was addressing the inaugural session of the 18th Summit of the South...
china-mine-fire-kills-24-in-liaoning  Liaoning, China (BBN)-At least 24 miners have been killed and 54 injured by an underground fire at a mine in China's north-eastern Liaoning province, state media report.The mine is operated by the state-owned Liaoning Fuxin Coal Corporation, said the Xinhua news agency, reports BBC.The cause of the fire is not immediately clear, but the company said the rescue operation had now ended.China has the world's deadliest mines, with hundreds of mine workers killed in accidents every year.But its...
dse-starts-mock-trading-to-embark-on-new-platform Dhaka, Bangladesh (BBN) - Dhaka Stock Exchange (DSE) on Tuesday started final mock trading on new generation trading platform to familiarise stock brokers and investors with the process.It will continue till launching in the second week of next month. Mock trading is a computer simulation of trade used in training brokers, investment managers and investors.“All broker representatives are requested to instruct their respective houses to actively participate in the mock run from all branches...
bangladeshs-stocks-up-at-opening- Dhaka, Bangladesh (BBN)- The Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) saw positive trend in early hours of trading on Wednesday, the fourth trading session of the week.DSEX, the prime index of the DSE went up by 18.95 points or 0.39 percent to reach at 4,823.41 points after first 30 minutes of trade when the report was filed at 11am.The DS30 index, comprising blue chips gained 9.17 points or 0.52 percent to reach at 1,780.66 points. The DSE Shariah Index (DSES) rose 7.44...
indian-rupa-plans-to-set-up-plant-in-bangladesh Kolkata, India (BBN)-Hosiery products manufacturer Rupa & Co is considering setting up its first overseas manufacturing plant in Bangladesh, a company top executive has said. Though the plan is still at a nascent stage, the idea is to build a plant through a joint venture with a local partner, PR Agarwala, Chairman of the company, told Indian media.As a first step, the company’s board has decided to set up a wholly owned subsidiary in Bangladesh. The plan would take shape in the next few...
bangladesh-bank-governor-to-receive-gusi-peace-award-wednesday Dhaka, Bangladesh (BBN) - Bangladesh Bank Governor Dr. Atiur Rahman is expected to receive the Gusi Peace Prize International for 2014 today (Wednesday). Dr. Rahman is now in Manila for receiving the award. The central bank chief has been awarded this prestigious recognition earlier this month for his contributions as a ‘Poor Man's Economist’ as conferred in award citation. “We expect that the honorable governor will receive the prestigious award today afternoon,” A F M Asaduzzaman, assistant...
philippines-want-to-boost-trade-relation-with-bangladesh- Manila, Philippines (BBN) - Philippines have expressed willingness to boost trade relation with Bangladesh. The initiative was taken at a meeting between Bangko Sentral ng Pilipinas (BSP), the central bank of Philippines, Governor Amando M Tetangco and Bangladesh Bank (BB) Governor Atiur Rahman in the capital on Tuesday. At the meeting, the BSP chief expressed his country’s interest in importing rice and potato from Bangladesh aiming to expedite trade relation between the two countries. Dr....
bangladeshs-stocks-return-to-greenDhaka, Bangladesh (BBN)-Bangladesh’s stock returned to the green on Tuesday after three sessions’ sharp fall with turnover remained sluggish as investors went for buying spree on lucrative stocks.DSEX, the prime index of the Dhaka Stock Exchange (DSE), ended at 4,804.45 points, gaining 35.55 points or 0.74 percent.The other two indices also closed positive. The DS30, comprising blue chips gained 18.44 points or 1.05 percent to close at 1,771.49 points. The DSE Shariah Index advanced 9.13 points or...
 

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Prayer Timings

  Begining Jamaat
Fajr 4:40 5:15
Zohr 12:45 1:15
Asr 4:15 4:30
Maghrib 6:00 6:05
Esha 7:30 8:00

Exchange Rate

Oct 8, 2014

Currency Selling Buying
USD 79.50  78.00 
GBP 125.40 121.40
EUR 98.60 94.60
JPY 0.7280 0.7041
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 1.28 1.18

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