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Sheikh Hasina
Let us join forces to lead the country to the cherished goals.
Khaleda Zia
It is impossible to practice politics without patience.
Taka continues to beat Dollar
bdnews.com The value of Taka continued to appreciate against the US dollar for last three weeks because of significant decrease in the country’s import bill payment and increased inflow of remittance, said Bangladesh Bank officials. File Photo BB data showed that the indicative selling rate of dollar stood at Tk 82.10 and buying rate Tk [...]
Power, Politics may hamper growth: ADB
Failure to boost power generation can hold back industrial expansion, and political instability can affect economic development in Bangladesh this year, said the Asian Development Bank (ADB), in its latest Asian Development Outlook (ADO) report. The government should maintain close coordination between monetary and fiscal policies to ensure macroeconomic stability to facilitate rapid growth in [...]
Strong customer grown among telecom companies
The country’s six telecom operators in Bangladesh have picked up 85.455 million subscribers at the end of December 2011, offering attractive call rates and innovative services. BTRC monthly data show the number of active cell phone users rose to 85.455 million at the end of 2011 from 70.340 million in January of the same year, [...]
Low PE ration may encourage investors: Analysts
bdnews.com The price-to-earnings (PE) ratio of banks, non-bank financial institutions, telecoms, textiles, and mutual funds is at low levels, which indicates that the stockmarket has become less risky and more attractive for investment. The PE ratio of banks is 8.3, non-bank financial institutions 10.7 and telecoms 10.5. “The PE ratio of most sectors suggests [...]
25 km gas line inaugurated
bdnews.com Installation work on a 25-km gas transmission loop-line from Monohardi to Narsingdi began on Wednesday. Prime Minister’s Advisor Dr Tawfiq-e-Elahi Chowdhury at a function at Chongabanga village in Narsingdi inaugurated the work. State Minister for Power and Energy Mohammad Enamul Haque and three local MPs were present. Speaking on the occasion, Tawfiq Elahi said [...]
Govt. borrowing slows down, repayment on the rise: Bangladesh Bank
bdnews.com The government’s borrowing from the banking system declined significantly in the past three months when loan repayment increased remarkably, driven mainly by higher revenue earnings and fund flow from overseas. The government borrowing in the recent time reached at its peak at Tk 22,400 crore on November 21 last year, exceeding its fiscal target [...]
News Company act coming soon: Quader
bdnews.com Minister for commerce GM Quader hoped on Thursday that the country would have a correct, effective and objective company law very soon. “We are working to make the new company law perfect and easy in the perspective of today’s business reality,” he said while addressing as chief guest a dialogue on “Benefit of companies [...]
New Hike in Gas prices in the offing
bdnews.com The government will take decision shortly on fresh tariff hike of natural gas for all types of consumers, excepting those of compressed natural gas (CNG), a top official said. File Photo The energy ministry is now scrutinising the tariff hike proposal of the state-owned Petrobangla. The tariff hike issue might be sent to the [...]
Businessmen for easier Visa to India
bdnews.com Bangladeshi businessmen yesterday urged the Indian high commission in Dhaka to simplify the visa procedures and remove trade barriers to minimise the widening trade gap with the neighbour. They also demanded to issue Indian visas for them within 24 hours of application, and good behaviour from the visa officers at the Indian high commission [...]
Comments and decisions to be regulated: SEC
bdnews.com The finance ministry has instructed government officials and institutions not to take any decision or comment on the stockmarket without prior discussion or consultation with the Securities and Exchange Commission. All market-related decisions that could influence the market must be discussed with the regulator, according to a circular issued by the finance ministry. “The [...]
Compensation for investors soon
A government committee has recommended waiver of up to 50 percent interest on margin loans taken by small investors who suffered financial losses due to the recent stockmarket crash. File Photo The interest to be waived must be accrued within the calendar year of 2011 or the financial year 2011-12. It also recommended giving the [...]
Stocks bullish
bdnews.com Most stocks on the country’s premier bourse gained on Wednesday after four days of continuous downtrend. The DGEN, the general index of the Dhaka Stock Exchange, gained 44 points to reach 4,228 points at 12:10pm when this report was filed. Of the issues traded, 194 advanced, 22 declined and 10 remained unchanged. Total trade [...]