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Inflation drops to 8pc in July

The overall point-to-point inflation declined further to 8.03 per cent in the first month of the new fiscal year in July from 8.56 per cent in June because of a drop in prices of rice and other food items, Bangladesh Bureau of Statistics said on Sunday. Full story

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Aromatic rice, spice prices going up well before Eid

The price of aromatic rice increased in last two days on the retail markets in the city due to a government decision of exporting aromatic rice and the prices of spices rose on a surge in demand for the items with Eid-ul-Fitr nearing. Full story

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BB gives 25 machines to police, RAB

BB gives 25 machines to police, RAB Bangladesh Bank on Sunday supplied 25 counterfeit currency detection machines to Dhaka Metropolitan Police and Rapid Action Battalion to prevent circulation of fake notes ahead of Eid-ul-Fitr. Full story

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Stocks fall for fifth day as investors see no hope

Dhaka stocks extended losses to the fifth day on Sunday, the opening trading day of the week, as investors continued to sell shares amid scepticism. DGEN, the benchmark general index of Dhaka Stock... Full story

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'Country needs to create 2.3m jobs annually'

The country needs to create 2.3 million jobs each year against a total national unemployed of 25 million people and over 1.8 million youths coming to the job market during the period, finance minister Abul Maal Abdul Muhith said in Dhaka on Sunday. ‘Theoretically the unemployment rate... Full story

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SEC to follow up investment plans of four banks

The Securities and Exchange Commission will follow up Tk 1,200 crore stock market investment plans of four banks made public by them through newspaper advertisements, said SEC officials on Sunday. Full story

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Walton introduces nano technology for refrigerators

Walton has recently introduced nano technology for its refrigerators. Walton media adviser Enayet Ferdous said nano technology was now being used in Walton refrigerators, which... Full story

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Travelport, China Southern Airlines ink new deal

Travelport, the business services provider to the global travel industry, has recently announced a new multi-year global content agreement with China Southern Airlines. Full story

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Commodity prices fall on lack of stimulus measures

Global commodity markets mainly fell in subdued trade last week as investors expressed disappointment at the lack of central bank action to kick-start the struggling global economy. Full story

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Tokyo stocks to remain under pressure this week

Tokyo stocks are likely to stay under pressure this week, with worries over the European debt crisis underpinning the safe-haven yen's strength and hurting Japanese exporters, analysts said. Full story

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Market Disclosures

GPH Ispat The board of directors has recommended 10 per cent cash dividend (i.e. Tk 1.00 per share of Tk 10.00 each) and 20 per cent stock dividend for the year ended on April 30, 2012. Date... Full story

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Eurozone crisis could tear Europe apart

Italian prime minister Mario Monti has voiced fears that tensions sparked by the eurozone crisis have already turned countries against each other and must not be allowed to rip Europe apart. Full story

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China to step up monetary policy fine-tuning in H2

China’s central bank pledged on Sunday to intensify its monetary policy fine-tuning in the second half of this year and improve credit policy to bolster the real economy, echoing earlier government commitments amid an economic slowdown. Full story

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Greece’s new pledges will take epic battle to implement

Greece’s latest fiscal and reform pledges may be enough to convince international lenders weary after years of broken promises to keep Athens hooked to a 130 billion euro lifeline, but the battle... Full story

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Federal Insurance re-elects chairman

Enamul Hoq has recently been re-elected chairman of Federal Insurance Company Ltd. He was re-elected in a board meeting of the company held recently, said a news release. Full story

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Crisis stifles Italian firms’ competitiveness drive

Italy’s ‘war’ with international debt markets has sent borrowing costs soaring for its traditionally prudently managed private companies, stifling their efforts to invest in competing more strongly with rivals... Full story

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