NEWS OF THE DAYAsian markets were mixed Thursday as a positive report on the US economy and the Federal Reserve chief’s pledge to keep interest rates at record lows were offset by profit-taking after the previous day’s gains.
The government will increase the price of Liquefied Petroleum Gas (LPG) or bottled gas anytime as per proposal to hike the rate of each 12-kg bottle of LP gas to Tk 1200 from Tk 700 now. “We have suggested for raising price of per bottle of LP gas to Tk 1200, by Tk 500 from existing rate,” an official of LP Gas Limited, a subsidiary of Bangladesh Petroleum Corporation (BPC) told daily sun after a meeting yesterday. EMRD Senior Secretary Md Mozammel Haque Khan chaired the meeting. The official said that the production cost of every 12-kg bottled gas rose to Tk 1276 now. “If the government accepts our proposal, even then it... more ›
British High Commissioner Robert W Gibson expected that the initiative of the expatriate Bangladeshis entrepreneurs in the United Kingdom will reduce trade gap between Bangladesh and the UK. He made the remark while exchanging views with the visiting 10-member delegation of the newly-formed UK-Bangladesh Catalyst of Commerce and Industries (UKBCCI) at his office in Dhaka on Thursday. The delegation members also met Zillul Hye Razi, Trade Adviser of the EU Delegation and Engineer Khandker Mosharaf Hossain MP, Minister for Ministry of Expatriate’s Welfare and Overseas Employment. During the meeting, the UK envoy discussed various issues relating to... more ›
Alliance for Bangladesh Workers Safety has announced that it would compensate the owner of garment factories by paying equivalent to fifty percent wages of the workers of the factory for two months in case its operation is suspended for remediation. Alliance, the platform of the 26 American retailers that source apparels from Bangladesh also agreed to pay fund for arranging trainings to the garment workers of the factories on safety issues. The decision was taken at the 4th meeting of its advisory committee held at a city hotel on Thursday. “Alliance will share fifty percent wages of the workers of garment factories for two months if operation of any factory is suspended... more ›
Bangladesh’s income from merchandise exports grew by 12.88 percent during July-March period of the current fiscal over the corresponding period of last fiscal. According to data released by Export Promotion Bureau (EPB) on Thursday, export income in last nine months stood at $22,242.66 million while that in the same period of last fiscal was $19,703.94 million, the EPB says. The state-run export promotion agency says that the achievement in export income has surpassed the country’s strategic target of $22,066.75 million, by 0.80 percent. In the single month of March 2014, export income was $2,413.66 million which is 4.79 percent higher than $2303.42 million earned in February, according to the EPB. However,... more ›
Dhaka Stock Exchange (DSE) witnessed a marginal gain on Thursday as investors were seemed to be calculative about corporate earnings and economic indicators. The broader DSE All Shares Price Index, DSEX surged 8.77 points or 0.19 percent to end at 4,598.92 while the DS-30 index for blue chips stocks advanced 10.41 points or 0.61 percent to close at 1,703.16 points. DSES, a Shariah-based index, soared 2.01 points or 0.19 percent to finish at 1,034.93. The turnover on the DSE decreased slightly on Thursday and amounted to Tk 4.44 billion which was 16.29 percent lower than that of the previous session. Of 285 companies and mutual funds traded, 161 advanced, 90 declined... more ›
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