Businesses demand cut in export tax in budget
Industrial raw material, machinery imports drop in 10 months
The import of industrial raw materials and capital machinery in the first ten months of financial year 2011-12 declined sharply compared with that of the same period in the last financial year due to the slow growth... Full storyEdible oil prices rise despite fall on int'l market
Despite the fall in soy bean and palm oil prices in the international market, their prices have shot up in the retail markets in the last one week as refiners are hiking the prices with an eye to the upcoming Ramadan. Full storyDSE turnover dips to new low
Fuel oil price drops under $80 a barrel
World oil prices fell on Thursday, with New York crude briefly going under $80 a barrel, owing to high US supplies and after traders were left disappointed by muted stimulus measures from the Fed. Full storyBangladesh gets highest FDI in 2011, claims BoI
The country received foreign direct investment worth $1.13 billion in 2011, the highest in its history, showing a 24.42 per cent rise compared to the FDI received in 2010. ‘The FDI will exceed $1.5 billion this year... Full storyRupee hits record low
The rupee fell to a record low against the dollar on Thursday, as the euro and other risk assets were hit by disappointment about the size of bond purchases announced by the Federal Reserve and by weak... Full storySri Lanka calls S&P bank warning ‘factually incorrect’
Sri Lanka on Thursday dismissed a warning from the Standard & Poor’s rating agency about the island’s banks as ‘factually incorrect, illogically analysed and highly contradictory.’ The Central Bank of Sri Lanka... Full storyGrowth worries hit global shares, commodities
Rising concern about global growth triggered falls in shares and commodities on Thursday after data showed Chinese and European factory activity slowing, a day after the Federal Reserve extended its... Full storyMarket Disclosures
Bimolendu Dey, one of the sponsors of the company, has expressed his intention to buy 43,500 shares of the company at prevailing market price through the stock exchange within next 30 working days. Full storyEuro slips in Asian trade on Spain’s bank concerns
The euro slipped in Asian trade Thursday on concerns Spain’s troubled banks may need a bigger bailout, while the greenback got a slight boost after moves by the US Federal Reserve to power the economy. Full storyWorld economic outlook darkens as Europe sinks, China struggles
Asia’s digital divide poses challenge for music industry
