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Agri sector contribution to GDP drops further

The contribution of the agriculture sector to the growth of the country’s gross domestic product continued to decrease in the current fiscal year because of the drop in production. According to the Bangladesh Economic Survey, contribution... Full story

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Powdered milk price marks fresh rise

Powdered milk price continued to increase in the city markets in last one month with prices of some leading brands of milk powder for babies, marking a fresh increase last week. The price hike of powdered milk has pushed the consumers with... Full story

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Stocks fall for 3rd day

Dhaka stocks fell on Monday, three sessions in a row, as the investors continued to remain worried about the impact of the budget and fearful about political instability. Full story

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Garment accessories makers want review of budget proposal

The Bangladesh Garment Accessories and Packaging Manufacturers and Exporters Association on Monday asked the government to reduce tax at source on exports of garment accessories and packaging products to a... Full story

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GBB Power makes debut at DSE tomorrow

Three companies — GBB Power, Bangladesh Submarine Cable Company and Saiham Cotton Mills — will make their debuts at the Dhaka Stock Exchange in next two weeks. Full story

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41 banks, FIs to disburse JICA loan for SMEs

The Bangladesh Bank has identified the gap created due to inconsistency between deposit and investment fund of banks and financial institutions for mid- and long-term... Full story

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Japan calls for tougher insider trading rules

Japan’s securities watchdog flexed its muscles by fining a foreign financial institution for insider trading for the first time, but punishments overall remain modest by global standards, sparking... Full story

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Premier Leasing re-elects chairman

The board of directors of Premier Leasing and Finance Limited at its 106th meeting held recently re-elected AZM Akramul Haq as chairman of the company, said a news release. Full story

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Premier Bank holds workshop on IT securities

Premier Bank held a workshop on ‘Leveraging information security in the perspective of banking’ at its head office at Banani in Dhaka recently. This workshop was conducted by Information... Full story

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China’s bank loans rise in May amid slowdown

China’s bank lending rose in May compared to the previous month, official figures showed Monday, as the government implemented a range of measures to boost the nation’s slowing economy. Full story

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Market Disclosures

ILFSL Shaw Wallace Bangladesh Ltd, one of the corporate sponsors/directors of the company, has expressed its intention to sell 3,00,000 shares... Full story

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Asian stocks, euro jump

Asian markets and the euro rallied Monday after the eurozone agreed to lend Spain up to $125 billion to save its banks, but analysts warn the deal is just a sticking plaster for Europe’s wider problems. Full story

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Oil prices rally in Asia on Spain bank bail out

Oil prices jumped in Asian trade Monday with traders cheered by a eurozone agreement to bail out Spain’s beleaguered banks and easing Chinese inflation. New York’s main contract, light sweet crude for delivery... Full story

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OECD sees weakness spreading to Asia

There are signs that the economies of two of the world’s leading emerging powerhouses, India and China, are starting to falter, while Europe continues to be handicapped by its debt woes, the latest report from the OECD showed on Monday. Full story

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India could be first BRIC to lose investment grade: S&P

Standard & Poor’s said on Monday that India could become the first of the so-called BRIC economies to lose its investment-grade status, sending the rupee and stocks lower, less than two months after cutting its rating outlook for the country. Full story

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Spain’s rescue loan sows debt fears

Investors punished Spain’s bonds Monday as early euphoria over a vast eurozone loan to rescue stricken banks transformed into deep concern over its mushrooming sovereign debt. Full story

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NCC Bank re-elects chairman

The board of directors of NCC Bank has recently re-elected Md Nurun Newaz Salim as chairman of the bank for another term. The board also re-elected Mostafizur Rahman... Full story

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China urges more ‘decisive action’ on euro crisis

China said the eurozone finance ministers’ decision to lend Spain up to 100 billion euros to shore up its teetering banks was a welcome short-term fix, but urged the bloc to take more... Full story

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