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BPC loss drops by Tk 250cr a month on falling int'l oil price

The monthly loss of the state-owned Bangladesh Petroleum Corporation has reduced by around Tk 250 crore, but still the government is mulling price hike of fuel oils to appease the International Monetary Fund. The BPC officials the falling... Full story

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NBR finds Tk 174cr VAT dodge by WASA

Dhaka WASA on Monday appealed to the National Board of Revenue to provide exemption from paying around Tk 174 crore, which, according to the NBR, the water supply utility had evaded paying as value-added tax over the last few years. In a letter to NBR... Full story

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Biman faced losses in 23 of its 40 years of operation

The civil aviation and tourism minister, Faruk Khan, on Monday informed parliament that the Biman Bangladesh Airlines had incurred losses in 23 years of its 40 years of operations. The national flag carrier could make profits in only 17 years, said the minister... Full story

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Dhaka stocks extend losing streak

Dhaka stocks dipped further on the second consecutive day on Monday amid volatile trading as investors’ confidence hit the lowest ebb because of the depression in the market over the legal complexity... Full story

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PVHC to import more apparels from Bangladesh: delegation

Phillips-Van Heusen Corporation, a US apparel company, has expressed interest to import more readymade garments from Bangladesh. A PVHC delegation, led by its senior vice-president of global... Full story

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3 garment and textile exhibitions start in city July 3

Three garment and textile exhibitions will start at the Bangabandhu International Conference Centre in the capital on July 3. The Conference and Exhibition Management Services Limited – Global USA, in... Full story

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Japanese investors keen to invest in Bangladesh

Japanese entrepreneurs have expressed their keen interest to invest in Chittagong. A business delegation from the Tokyo Chamber of Commerce and Industry will visit Chittagong soon in this regard, said MA Latif... Full story

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Euro weakens ahead of EU summit

The euro eased in Asia Monday, with traders looking for safer assets as caution set in before a European Union summit this week where leaders will try to agree a plan to address the debt crisis. Full story

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Egypt bourse suspends trading after 6pc rise

The Cairo stock exchange suspended trading briefly on Monday after the index rose more than six per cent, a day after Islamist Mohamed Morsi was confirmed president-elect, state television reported. Full story

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Market Disclosures

Badrunnessa (Sharmin) Islam, one of the directors of the company as per company's report dated 31.05.2012, has expressed her intention to buy 3,75,000 shares of the company at prevailing market price through... Full story

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Oil up in Asia on Gulf of Mexico supply disruption

Crude prices rose in Asia on Monday as the onset of Tropical Storm Debby forced oil and gas operators in the Gulf of Mexico to evacuate some platforms and rigs, analysts said. New York’s main contract, light sweet... Full story

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Pre-summit document presses EU banking union

European leaders will discuss specific steps towards a cross-border banking union, closer fiscal integration and the possibility of a debt redemption fund at a summit on June 28-29, according to a document... Full story

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China growth target at risk

China’s annual growth target for 2012 looks increasingly in jeopardy as demand at home falters and Europe’s debt crisis worsens, complicating matters for Beijing as the country heads into a once-in-a-decade leadership transition. Full story

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Rupee measures fail to cheer India market

India took a handful of measures on Monday to support the embattled rupee but disappointed investors who had been hoping for bolder action to prop up a currency that hit a record low on Friday. Full story

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NBL signs deal with MoneyGram

MoneyGram, a global money transfer company, signed a business agreement with National Bank for remittance services about two months ago and the deal was officially announced on Monday at a news briefing at the National Press Club in Dhaka. Full story

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HSBC in bid to evict Hong Kong Occupy protesters

HSBC said Monday it has launched legal action in a bid to end the anti-capitalist Occupy movement in Hong Kong, where the protesters have camped out at its headquarters for eight months. Full story

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