The Investment Corporation of Bangladesh, or ICB, has requested the government to cut interest rate on term deposits it took from banks to support the stock market.
Read More »Asian stocks rise as central banks pledge support
Share prices in Asia have reversed early losses after Japan’s central bank promised to support markets. It comes after official data showed that Chinese factory activity fell in February at the fastest rate on record.
Read More »MNP business slumps amid lackluster response
The country’s lone mobile number portability (MNP) operator, Infozillion, keeps witnessing slump in business buffeted by low turnout of service seekers.
Read More »Remittance: the only bright spot
Remittance kept up its strong growth momentum last month as migrant workers sent home 10.16 per cent more than they did a year earlier, in a major boost to the economy under stress from sliding exports. Exports fell 5.21 per cent year-on-year to $22.92 billion in the first seven months …
Read More »Stocks extend losses for seven days
Stocks extended the losing streak for the seven straight sessions on Sunday as worried investors continued to dump their holdings, fearing further fall of share price.
Read More »Walton IPO bidding begins Mar 2
The bidding to discover cut-off price for Initial Public Offering share of Walton Hi-Tech Industries Ltd is set to begin on Mar 2, the company has said. Starting at 5pm on that day, the process will continue until 5pm on Mar 5, it said in a statement on Saturday. Walton …
Read More »Over 400,000 RMG workers will draw salary through bKash
With the inclusion of the seven companies, the number of such firms in Bangladesh’s export-oriented apparel sector stands at 400, with more than 400,000 workers. The seven firms are AJ Group, Purbani Group, Masihata Group, Sonia Group, TEAM Group, Aman Group and Al-Muslim Group. The digital salary disbursement solution of …
Read More »Dhaka’s kitchen markets see fall in onion prices
The prices of onion have marked a substantial fall in Dhaka’s kitchen markets after India decided to lift the ban on its export after about six months.According to traders, the prices fell by as much as
Read More »Mexican exports grow 3.2pc in January
Mexico’s exports grew 3.2 per cent year on year in January, thanks in large part to the manufacturing and petroleum industries, the National Institute of Statistics and Geography (INEGI) has announced.
Read More »Weekly review: Stocks tumble as panic grips investors
Stocks tumbled in the outgoing week as worried investors’ dumped their holdings amid concern on the looming impact of the single-digit interest rate on the banking business.
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