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  • A file photo shows the entrance of Border Haat on Kurigram border along India. — New Age photo

  • FBCCI president AK Azad talks to US ambassador Dan W Mozena at a discussion meeting on ‘Bangladesh-USA Trade Relations’ held in Dhaka on Monday. — New Age photo

HOME  BUSINESS

More items to be allowed for trade

A file photo shows the entrance of Border Haat on Kurigram border along India. — New Age photo
The cabinet on Monday approved a commerce ministry proposal for amendments to the Mode of Operation of Border Haat, allowing trade of more products including toiletries, cosmetics, aluminum, crockery and plastic products on Indo-Bangladesh border. Full story

FBCCI urges USA to sign free trade deal

FBCCI president AK Azad talks to US ambassador Dan W Mozena at a discussion meeting on ‘Bangladesh-USA Trade Relations’ held in Dhaka on Monday. — New Age photo
The Federation of Bangladesh Chambers of Commerce and Industry on Monday called upon the United States to sign a free trade agreement with Bangladesh for the country’s economic growth. Bangladesh needs business facilities from the US government rather... Full story

Manufacturers want high duty on footwear import

Footwear manufacturers on Monday demanded that the National Board of Revenue impose the highest limit of duty on import of footwear products in order to protect local industry. Full story

Dhaka stocks fall on profit-taking sales

Dhaka stock fell on Monday as investors went for profit-taking sell-offs after a sharp rise in share prices in the previous four sessions. DGEN, the benchmark general index of Dhaka Stock Exchange... Full story

Drastic measurers needed to control inflation: ICCB

The country needs to pursue drastic measures in controlling the inflation rate to achieve its budgetary goals and economic growth rate of 7 per cent above, said a leading trade body on Monday. Full story

Summit Purbanchol Power Company lowers IPO offer price

The Summit Purbanchol Power Company Limited submitted revised initial public offering proposal to the Securities and Exchange Commission last week lowering the offer price from Tk 75 to Tk 45. Full story

Canada-China JV to invest $15m in Dhaka EPZ

Globalmax Textile Company Limited, a Canada-China joint venture company, will set up a garment accessories manufacturing industry in Dhaka Export Processing Zone. The foreign owned company will... Full story

Euro falls in Asian trade

The euro fell against other major currencies on stop-loss sales in Asian trade on Monday, while China’s decision to widen the range at which its currency trades against the dollar had little impact. Full story

Oil prices dip after ‘positive’ Iran nuclear talks

Oil prices slid in Asian trade Monday after nuclear talks over the weekend between major crude producer Iran and world powers eased concerns over Middle East supplies, analysts said. Full story

Spanish debt heading towards crisis levels

Spain’s debt yields broke above 6 per cent on Monday as investors worried about its budget, knocking the euro and sending safe-haven German bonds to a record last set at the height of the eurozone crisis. Full story

S Korea cuts growth outlook for 2012

South Korea’s central bank Monday cut the nation’s economic growth forecast for 2012 to 3.5 per cent, citing a global slowdown including waning demand from debt-hit Europe. Full story

India inflation surges unexpectedly

India’s inflation climbed unexpectedly in March, data showed on Monday, throwing the central bank a dilemma ahead of a meeting at which policymakers are expected to cut interest rates. Full story

Samsung to unveil new smartphone

Samsung Electronics Co said on Monday it would unveil the third-generation of its flagship smartphone Galaxy S on May 3 in London, banking on a heavy marketing campaign heading into the summer... Full story

Citigroup quarterly profit falls

Citigroup Inc reported lower first-quarter profit on Monday as the bank worked to contain expenses in the face of volatile capital markets. The New York-based lender said net income was $2.93 billion... Full story


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