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Bangladesh Business News
Wednesday, October 22, 2014 01:56:02 AM GMT +06.00
 

Market Indicators

Latest update at 1:11 am on Oct13

Indicators Latest Previous Remarks
DSE General Index  5334.04  5237.72  1.84% 
Forex reserve (in billion$)   22.15  22.02  
Call money rate  7.5%-9.5%  7.0%-9.5%  
DIBOR   8.5516       8.7551  
Kerb market US$ rate  78.60-78.90  79.00-79.30  
Inter-bank US$-BDT rate  77.40  77.40  
BC-selling US$-BDT rate  77.8469  77.8498  
TT-clean US$-BDT rate  76.8469  76.8498  

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BBN Exclusive

bangladesh-a-denim-expo-ends-another-to-be-held-in-nov Dhaka, Bangladesh (BBN)- A two-day denim exposition, organised by the denimsandjeans.com, concluded in Dhaka on October 16 with high hopes to attract global buyers as Bangladesh has a capacity to provide quality items with a lower cost. Twenty four companies from Bangladesh, India, Pakistan, Sri Lanka, Germany, China and Brazil took part in the exhibition to showcase their denim pants, fabrics and latest accessories.Indian High Commissioner to Bangladesh Pankaj Saran inaugurated the expo at at...

 

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Banking

bangladesh-starts-real-time-monitoring-of-banks-forex-rates Dhaka, Bangladesh (BBN)- The central bank of Bangladesh has started to monitor on real time basis the...

Apparel

ilo-seeks-vat-waiver-for-rmg-factory-inspection-fund- Dhaka, Bangladesh (BBN)- The International Labour Organisation (ILO) has urged the government to waive...
   

Hot Issue

bangladeshs-tax-returns-deadline-now-nov-2-Dhaka, Bangladesh (BBN)-The National Board of Revenue (NBR) has extended the deadline for submitting income tax returns for the current year till November 2.Earlier, the last date of submitting the tax was September 30. The NBR authorities are expected to issue a circular on the new timeline Thursday evening.The extension came following a demand from leading business chambers and different tax bar associations as two major religious festivals one for Muslims and another for Hindus (Eid-ul-Azha and...
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

tung-hai-knitting-declares-10pc-stock-dividend Dhaka, Bangladesh (BBN) - The board of directors of the Tung Hai Knitting & Dyeing has recommended 10 percent stock dividend for the year ended on December 31, 2013, said an office disclosure on Tuesday. The AGM will be held on December 2, at 12 Noon at the Factory Premises of the Company at Shibrampur, Zirani Bazar, BKSP, Joydebpur, Gazipur, Dhaka. Record date: 05.11.2014. The company has also reported EPS of BDT 1.39, NAV per share of BDT 15.11 and NOCFPS of BDT 0.79 for the year ended on...
bangladeshs-stocks-up-at-opening Dhaka, Bangladesh (BBN)- The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw upward trend in early hours of trading on Tuesday, the third session of the week. DSEX, the prime index of the DSE went up by 62.94 points or 1.22 percent to reach at 5,207.44 points after first 30 minutes of trade when the report was filed at 11am. The DS30 index, comprising blue chips gained 23.69 points or 1.22 percent to reach at 1,956.96 points. The DSE Shariah Index (DSES) advanced 17.65...
coats-to-set-up-zip-making-factory-in-bangladesh- Dhaka, Bangladesh (BBN)- Coats, the world's leading supplier of industrial thread to clothing industry, has decided to  set up a new zip manufacturing factory in Chittagong early next year.The new zip factory is being established in response to the growing demand from global brands manufacturing apparel and footwear in Bangladesh, the company explained."Our business has seen significant growth and development, particularly in the last few years and the opening of our new world class zips...
batbcs-net-profit-up-2362pc-in-9-month Dhaka, Bangladesh (BBN)-The net profits of British American Tobacco Bangladesh Company (BATBC) grew by 23.62 per cent in the first nine months ((Jan’14 to Sep’14) compared to the same period last year, said an office disclosure on Monday. The company reported net profit after tax was BDT 4,256.25 million with EPS of BDT 70.94 for the period of nine months (Jan'14 to Sep'14) ended on 30.09.2014 as against BDT 3,443.07 million and BDT 57.38 respectively for the same period of the previous year. As...
bangladeshs-stocks-tumble-for-third-day Dhaka, Bangladesh (BBN)- Bangladesh’s stocks tumbled for the third running session on Monday amid choppy trading with turnover falling further as late profit booking sale pressure wiped-out early gains. DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 5,144.50 points, shedding 32.24 points or 0.62 percent from previous session. The DS30, comprising blue chips lost 20.87 points or 1.06 percent to close at 1,933.26 points. The DSE Shariah Index went down by 10.19 points or 0.83...
turkish-apparel-makers-eye-bangladeshs-workers Istanbul, Turkey (BBN)- Turkish textile industry players are planning to bring over Bangladeshi workers to Turkey, Istanbul Textile and Apparel Exporter Associations (IHKIB) head Hikmet Tanrıverdi told local media, saying not enough Turks could be found for the positions. “We could not find Turkish blue-collar workers to hire in our factories at the minimum wage, as a majority of them prefer to work in the services sector for the same amount of money in a cleaner working environment,” Tanrıverdi...
bangladesh-bank-provides-bdt-5723bn-liquidity-support-to-banks- Dhaka, Bangladesh (BBN)- The Bangladesh Bank (BB) provided BDT 57.23 billion liquidity support to the banks on Sunday, officials said.Twenty nine primary dealer (PD) and no-PD banks of 1-day tenor amounting total of BDT 57.2322 billion were provided as Liquidity Support Facility. The rate of interest of the Liquidity Support Facility was 7.25 percent, according to the auction result. BBN/SSR/AD-20Oct14-12:40 pm (BST)
germany-for-fair-factory-inspections-in-bangladesh Dhaka, Bangladesh (BBN)- Factory inspection system should be transparent and efficient enough to ensure workers' safety in the garment industry, speakers at a seminar said. The suggestion came at a three-day training programme for factory inspectors conducted by a team of compliance professionals from German Development Cooperation and the International Labour Organization (ILO). All inspectors from the general, health and safety wings of the inspection department under the Ministry of Labour...
bangladesh-bank-withdraws-bdt911bn-from-market-sunday- Dhaka, Bangladesh (BBN) - The Bangladesh Bank (BB) withdrew BDT 9.11billion from the market through reverse REPO auction on Sunday, officials said. Three bids of 1-day tenor amounting total of BDT 9.11 billion were received and all the bids were accepted. The rate of interest of reverse REPO was 5.25 percent, according to the auction result. BBN/SSR/AD-20Oct14-11:52 am (BST)
share-trading-of-shahjibazar-power-resume-after-10-week Dhaka, Bangladesh (BBN)- Trading of shares of Shahjibazar Power Company Ltd (SPCL) resume today (Monday) after suspension of more than 10-week, officials said.On August 11, the Bangladesh Securities & Exchange Commission (BSEC) suspended the share trading of the newly listed Shahjibazar Power Company for ‘unusual’ price hike of its share. The abnormal rise prompted the BSEC to form a two-member panel to investigate the matter.“Following the BSEC’s investigation and appointment of special...
 

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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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