• Failure to implement projects reflects on govt incompetence, insincerity
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  • Tagore’s women characters evaluated
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  • 4 mobile cos get renewed licences
  • BB’s credibility under question
  • Teary Sanchez fulfils a promise
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HOME  BUSINESS

4 mobile cos get renewed licences

(From left) Robi CEO Michael Kuehner, Banglalink CTO Ahmed Fady, Grameenphone CEO Tore Johnson and Citycell CEO Mehboob Chowdhury receive the renewed 2G licences on behalf of their companies at the BTRC office in Dhaka on Tuesday. — New Age photo
The government on Tuesday renewed the 2G licence of four mobile phone operators for 15 years although the companies are yet to pay the full fees and charges. The Minister for Post and Telecommunications, Rajiuddin Ahmed Raju, handed over the... Full story

BB’s credibility under question

The credibility of the central bank fell into question following its contradictory stance over operation of mobile financial services by bKash, a subsidiary of BRAC Bank. The latest letter that Bangladesh Bank... Full story

Businesses want free customs service on weekly holiday, NBR says no

Business leaders on Tuesday demanded that the National Board of Revenue should not charge businesses any extra fees for providing customs facility at customs houses on weekly holidays although they... Full story

Dhaka stocks end flat in choppy trading

Dhaka stocks closed flat on Tuesday in volatile trading as retail investors went for sell-offs while institutional ones bought shares. DGEN, the benchmark general index of Dhaka Stock Exchange, lost... Full story

Shrinking US crops pose inflation challenge for countries

For nations like China and India fighting to tamp down inflation while spurring growth, even as the global economy faces headwinds from Europe’s debt crisis, shrinking US crops could be an additional headache... Full story

CRISIL slashes India FY13 growth forecast to 5.5pc

Rating agency CRISIL slashed India’s growth forecast to 5.5 per cent for the fiscal year ending March, one of the lowest estimates on the street, just two months after pruning its projection to 6.5 per cent from 7 per cent. Full story

Euro, dollar trade narrowly in Asia

The euro was mixed in afternoon Asian trade Tuesday as dealers kept their eyes on the European Central Bank for policy moves aimed at tackling the debt crisis, while the dollar held its ground. Full story

Esprit shares rally on new CEO

Shares in global clothing retailer Esprit on Tuesday jumped as much as 38 per cent in Hong Kong after the company appointed a new chief executive. The firm rose to HK$13.8 in afternoon trade following the appointment... Full story

Market

The company will be placed in 'A' category from existing 'Z' category from today as the company reported disbursement of 15 per cent stock dividend for the year ended on December 31, 2010. Full story

Oil prices extend gains, Brent above $110

Oil prices rose further Tuesday after recent sharp gains on concerns over potential tight supplies despite a weak demand environment and thanks to improved sentiment on the eurozone, analysts said. Full story

Italy wallows deep in recession as economy shrinks 0.7pc in Q2

Italy’s economy shrank by 0.7 per cent in the second quarter, increasing the pressure on Mario Monti’s government to balance austerity with growth measures as the country wallows deep in recession. Full story


    Wednesday, August 8, 2012

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