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Exports of chilli, aubergine, onion, garlic banned

The government on Monday banned exports of green chilli, aubergine, onion and garlic till August 31, the commerce ministry in an order said. The export restriction on these items was imposed to keep the supply of the commodities stable in the local market... Full story

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Govt urged to bust market syndicate in Ramadan

Economists, business and consumer rights leaders on Monday demanded that the government should take proper steps to crack down syndicates to keep the prices of essential commodities within the purchasing capacity of consumers in the... Full story

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Stocks plunge on govt move to build Padma bridge with local funds

Angry investors on Monday staged demonstration after the general index of Dhaka bourse hit five months low in panic sell-offs following the prime minister’s announcement to construct proposed Padma bridge... Full story

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Pvt sector credit growth rises slightly in May

The credit growth in private sector in May increased slightly because of a high growth of opening of letters of credit after posting fall in the past few months, said Bangladesh Bank officials. Full story

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Agent banking thru mobile soon: Atiur

Agent banking using mobile phones would be launched in Bangladesh soon to integrate the un-banked population with mainstream economy, Bangladesh Bank governor Atiur Rahman on Monday said. ‘The agent banking with bio-metric security measures... Full story

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United Airways celebrates 5 years of operation today

United Airways celebrates five years of its service today. On this day in 2007 the largest private airline in Bangladesh started its operation with its maiden flight from Dhaka to Sylhet, said a news release. Full story

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Qatar Airways launches Twitter race

Qatar Airways has launched a Twitter-powered global race designed to connect people from around the world. A world first by a global airline, the ‘Tweet-a-Meet’ enables a team of two turn their virtual connections into... Full story

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French economy stumbles as business morale dips

France’s economy flatlined in the first half of 2012, president Francois Hollande said, prioritising a return to growth as data showed a worsening business climate weighed down in part by looming tax hikes introduced... Full story

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UCB gets new MD

M Shahidul Islam has recently taken the responsibilities as managing director of United Commercial Bank (current charge). Before taking the responsibilities, he was serving the bank as additional managing director... Full story

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World oil prices rise before Norway lockout

World oil prices advanced on Monday, rebounding from recent losses ahead of a looming lockout of Norwegian production. Brent North Sea crude for delivery in August increased by 81 cents to $99.00 per barrel in... Full story

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Market Disclosures

Tahmina Rahman Tina, one of the sponsors/directors of the company, has expressed her intention to buy 13,740 shares of the company at prevailing market price through the stock exchange within next 30 working days. Full story

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Euro under pressure in Asia after hitting fresh two-year low

The euro was under pressure in Asian trade Monday after hitting a fresh two-year low against the dollar, with traders looking to a European finance ministers meeting later in the day. The common currency was changing... Full story

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Asian data signal drop in global demand

Asia’s biggest exporters showed further signs of slowing down in data published on Monday, signalling a fresh slide in global demand, as two top US Federal Reserve officials said they favoured easing monetary policy... Full story

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OECD sees slowdowns deepen in India, China

China and India have entered more marked economic slowdowns while growth continues to moderate in most major industrial economies, the OECD said on Monday. The Paris-based economic think-tank said its composite leading indicator... Full story

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Eurozone under pressure as Spain struggles

Spain was back in the firing line on the markets on Monday as eurozone finance ministers prepared to follow up on measures agreed at a summit late last month to tackle the debt crisis. Full story

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Union Capital elects new chairman

Chowdhury Tanzim Karim has recently been elected as the new chairman of Union Capital Limited. The election was held in a meeting of the board of directors of the company, said a news release. Full story

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Carrefour puts India expansion plan on hold

French retail giant Carrefour has put on hold its expansion plan for wholesale stores in India due to the global downturn, a report said Monday. The report in the Business Standard newspaper came as many... Full story

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