Business Report : Former Cabinet Secretary ASM Abdul Halim has been appointed as a director and the chairman of the...
Business Report : Stocks ended higher on Tuesday after a six-day plunge as optimistic investors put fresh funds into lucrative shares.The prime index of the Dhaka Stock Exchange (DSE) increased by 73.28 points to settle at 5,702.83. Many investors are optimistic about the return of good governance in the market as massive reforms are underway in the financial sectors, including the capital market. The blue-chip index DS30, a group of 30 prominent companies, saw a 22.22 points increase to 2114.74,...
Business Report : The Bangladesh Securities and Exchange Commission (BSEC) formed a committee on Tuesday to investigate potential non-compliance and financial affairs of two mutual funds managed by Investasia Capital and Asset Management Limited and its trustee Sentinel Trustee and Custodial Services Limited. The committee’s objectives include investigating possible violations of the Mutual Funds Rules 2001 and the trust deeds of the mutual funds, according to a BSEC order on the formation of the inquiry panel. The three-member panel led...
Business Report : China-based Home Joy Socks Bangladesh Company Limited signed an agreement with Bangladesh Export Processing Zones Authority (Bepza)...
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AFP, San Francisco : Apple is expected to release its latest line of iPhones on Monday that will feature generative...
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AFP : Chinese consumer inflation ticked up slightly in August to a six-month high, official data showed Monday, but the reading missed expectations and did little to soothe worries about sluggish spending in the world’s number two economy.Leaders in Beijing have been seeking to boost domestic activity as property sector woes and trade frictions weigh on confidence.The consumer price index (CPI) — a key measure of inflation — rose 0.6 percent year-on-year in August, up slightly from 0.5 percent in...
Reuters, Tokyo : Japan’s economy grew at a slightly slower pace than initially reported in the second quarter, hurt by downward revisions in corporate and household spending that point to a bumpier second half for consumption and the central bank’s rate-hike plans.The Bank of Japan is keen to see consistent improvement in domestic demand as it focuses on exiting its decade-long monetary stimulus programme and raising interest rates further in coming months.The nation’s gross domestic product expanded by an annualised...
Business Report : Bangladesh Bank Governor Ahsan H Mansur yesterday said the taskforce formed for identifying areas of concern in the country’s banking sector will begin working within the next 10 days. The work on forming this taskforce has progressed a lot, Mansur said while addressing a press conference at the central bank headquarters in Motijheel, Dhaka. “The taskforce will work to assess the health of the banks. The Asian Development Bank will assist local banks in preparing their forensic...
Business Report : Director General of Bangladesh Ansar and Village Defence Party Major General Abdul Motaleb Sazzad Mahmud has been...
Business Report : The World Trade Organization said Monday that open trade alone was not enough to reduce inequalities between...