Stock markets closed the first trading session of the week down yesterday as transaction was low after showing moderate activities during early trade, reports BSS. All the three indices at Dhaka Stock Exchange (DSE) finished the session nearly flat when the daily transaction fell noticeably. Chittagong…

Terming Bangladesh an attractive destination for investment, Prime Minister Sheikh Hasina yesterday said any investment has to be made in line with the rules of the country and decision of the Board of Investment (BoI), reports UNB. “Bangladesh is a good place for investment, but any investment…

Industries Minister Amir Hossain Amu gave emphasise on expansion of coal and electricity based industries instead of natural gas for regional development. He said it is not possible to connect Barisal with railway link in near future but Paira sea port will play an important role to boost socio-economic…

The securities regulator, Bangladesh Securities Exchange Commision (BSEC), yesterday postponed the initial public offering (IPO) subscription of Simtex Industries, a sister concern of Simtex Group Bangladesh,  which was scheduled to begin from today to raise Tk 600 million from the public, according…

Parliamentary Standing Committee on the Ministry of Law, Justice and Parliamentary Affairs at its 18th meeting yesterday discussed the Public Private Partnership Bill-2015 to give a legal shape to the public-private partnership for ensuring huge investment both in the public and private sectors, reports…

Finance Minister Abul Maal Abdul Muhith yesterday said another installment of IMF’s US$ 1 billion loan would be released on early September, reports BSS. “I believe another installment of IMF’s loan will be released by the end of this month or early September, as all the conditions…

Bangladesh Bank Governor Atiur Rahman has advised Indian Bandhan Bank to remain focused on inclusive finance and green banking, reports UNB. He made the suggestion while addressing the inaugural ceremony of Bandhan Bank in Kolkata on special invitation from the bank, formally launched by Indian Finance…

Prime Minister Sheikh Hasina yesterday asked new Japanese envoy in Dhaka Masato Watanabe to visit Bangladesh’s special economic zones and take initiatives to relocate their industries here, reports UNB. “We’re setting up special economic zones for investors…you can see those…

A two-day CSE Capital Market Fair will start from October 8 at the GEC Convention Centre in Chittagong, says a press release. Stock brokers and dealers, merchant banks, asset management companies, listed companies like banks, NBFIs, insurance companies, mutual funds will participate in the fair. Also,…

AFP, BEIJING: China will allow its huge state pension fund to invest in domestic stocks in the wake of a massive market sell-off, it was announced yesterday. The fund will be able to invest up to 30 per cent of its net assets in equities, according to final guidelines from the State Council (cabinet)…

Muhammad Ayub, president of Bangladesh Cotton Association and Governor Elect Rotary Bangladesh, leaves Dhaka today for Vietnam to attend Asia Cotton Summit, says a press release. The three-day long conference organised by Vietnam Cotton and Spinning Association will start from August 25 at Park Hyatt…

Emirates plans to launch services to Panama City, beginning February next. The new service will be the longest non-stop flight in the world (17 hours 35 minutes in the Westbound direction) and will be Emirates’ first gateway destination in Central America, says a press release. Service to Panama…

Stock markets in the Middle East have fallen sharply after a difficult week for all major global share indexes reports BBC. The Dubai Financial Market closed down 7 per cent, while the Saudi exchange was down 6 per cent after Fitch ratings agency cut its outlook for the country. Last week, the Dow Jones…

AFP, WASHINGTON: Suddenly the online news business is red-hot. Money is flowing into digital news ventures at an unprecedented pace, as investors anticipate an accelerating shift away from  traditional media, and new ways to generate revenue from news. BuzzFeed made news this past week with a $200…

AFP, WILHELMSHAVEN: The first years proved a difficult start for Germany’s only deep water port, Wilhelmshaven’s Jade-Weser-Port container hub, inaugurated in 2012, but its operators are now seeking to make it a top terminal for supersize ships. The head of the Eurogate container terminal…

AFP, LONDON: The world’s emerging economies are allowing their currencies to slide in a quest to remain competitive, following China’s devaluation of the yuan and the dollar’s strength in anticipation of US rate hikes. The currencies of emerging nations in Asia have especially suffered…

AFP, TOKYO: The arrest of MtGox boss Mark Karpeles has begun to shed light on the defunct Bitcoin exchange after hundreds of millions of dollars in virtual currency vanished from its digital vaults last year. But as details of a lengthy investigation by Japanese police trickle out, at least one crucial…