The total turnover of foreign trade in the Dhaka Stock Exchange (DSE) almost doubled to Tk 1,253.43 crore in November which is Tk 611.43 crore higher than the amount in the previous month, reports BSS. In October, the total turnover of the foreign trade was Tk 642 crore, according to DSE data. "Due…

A passenger will be allowed to bring eight mobile hand sets with a boarding pass or relevant travel document, according to Bangladesh Telecommunication Regulatory Commission (BTRC). BTRC issued a circular in this regard on December 12 and the new directive will be in effect from January 1 next year.…

Commerce minister Tofail Ahmed has requested Ukraine to provide duty and quota free market access for Bangladesh, reports BSS. The minister made the request at a meeting with Ukrainian first vice prime minister and minister of economic development Stepan Kubiv on the sidelines of WTO’s 11th ministerial…

SNV Netherlands Development Organisation yesterday signed partnership agreements with trade bodies and NGOs to leverage a collaborative approach to improve the health and well-being of Bangladesh's readymade garment workers, reports UNB. Bangladesh Institute of Labour Studies (BILS), Better Work…

Stocks closed the week down yesterday with falling trends of all major price indices at Dhaka and Chittagong Stock Exchanges as the daily transactions declined amid volatility in large-cap securities, reports BSS. During the week, the daily average trade value declined by over 27 per cent to Tk 435.52…

AFP, RIYADH: Saudi King Salman yesterday issued a decree allocating 72 billion riyals ($19.2 billion) of stimulus funds to support the Saudi private sector. The package aims to boost the role of the private sector in light of economic reforms to diversify the Saudi economy away from oil following a…

AFP, BANGKOK: Thailand has drastically reduced trade with North Korea amid mounting international pressure to isolate the pariah state, the government said yesterday, as a senior US envoy arrived for talks on Pyongyang’s nuclear programme. The kingdom is one of several Southeast Asian countries…

Mobile phone operator Grameenphone has launched the first ever new M2M (Machine to Machine) package which will enable the corporate clients to manage their solutions more efficiently, reports BSS. The operator’s new M2M plan includes various Data Packs, M2M self-service portal, Industrial SIM…

Rangpur Foundry Ltd (RFL) has declared 23 per cent cash dividend to its shareholders for 2016-2017 financial year at the 37th annual general meeting of the company held in the capital yesterday, reports UNB. Ahsan Khan Chowdhury, Chairman, Rathendra Nath Paul, Managing Director, Sabiha Amjad, Director,…

Quasem Drycell Ltd yesterday declared 18 per cent stock dividend, considering net profit before tax at Tk 127.56 million and Earning Per Share (EPS) at Tk 2.15 for the 2016-17 fiscal, reports BSS. The announcement came at the 36th Annual General Meeting of the company held at RAOWA complex in Mohakhali…

Walton, a local manufacturer of electronic products, has registered around 92 per cent growth in sales of their 32-inch LED TV during the period of January to November of 2017 compared to the sales of the corresponding period of 2016, the company said in a press statement yesterday. In addition, the…

AFP, STOCKHOLM: Sweden said yesterday it would raise the earliest retirement age from 61 to 64 in order to secure future pensions, following a broad cross-party agreement. “We are reforming the Swedish pension system in order to raise pensions and increase security for both today’s and future…