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    Peoples Insurance gets new chair, vice-chair

    Business Desk | Updated at 11:39pm on June 12, 2017

    Shahjada Mahamud Chowdhury and Jafar Ahmed Patwari were elected chairman and vice-chairman of Peoples Insurance Company Limited respectively, said a news release...

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    IPO quota for affected investors extended by 6 months

    Staff Correspondent | Updated at 11:38pm on June 12, 2017

    The finance ministry has extended by another six months the 20-per cent quota facility in the initial public offerings for the small-scale investors who were affected by the 2010 market crash...

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    NBFIs asked to pay deposit to nominee after depositor’s death

    Staff Correspondent | Updated at 11:37pm on June 12, 2017

    Bangladesh Bank on Monday asked the non-bank financial institutions to pay the deposit of a depositor to his/her designated nominee after the death of the depositor....

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    Capital machinery imports surge 48pc in 10 months despite sluggish business

    Staff Correspondent | Updated at 11:35pm on June 12, 2017

    The imports of capital machinery increased by 48.10 per cent in the first 10 months of the current fiscal year of 2016-17, as against 12.24 per cent growth during the same period a fiscal year ago, strengthening a suspicion of money laundering as the growth came amid dull investment situation in the country...

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    BTRC recommends ministry cancel Citycell’s licence

    Staff Correspondent | Updated at 11:33pm on June 12, 2017

    The Bangladesh Telecommunication Regulatory Commission has recommended that the posts and telecommunications ministry cancel the licence of out-of-operation mobile phone company Citycell over payment dispute...

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    Declining remittance to hit consumption: Moody’s

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 11:32pm on June 12, 2017

    Bangladesh’s Ba3 stable sovereign credit profile is supported by the robust growth of an economy that is bolstered by garment manufacturing industry exports, says Moody’s Investors Service in a report....

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    Ratification of amended APTA gets cabinet nod

    Staff Correspondent | Updated at 11:15pm on June 12, 2017

    The cabinet on Monday approved a proposal for ratification of the Second Amendment to the Asia-Pacific Trade Agreement, a preferential trade deal among countries of the Asia-Pacific region, rearranging tariff regime for its member countries...

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    Stocks drop for 4th day on pre-Eid slow trading

    Staff Correspondent | Updated at 11:12pm on June 12, 2017

    Dhaka stocks edged lower for the fourth consecutive trading sessions on Monday amid dullness at the market as investors preferred to take some profits ahead of Eid-ul-Fitr holidays....

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    Dhaka stocks fall for 3rd day

    Staff Correspondent | Updated at 10:34pm on June 11, 2017

    Dhaka stocks dropped on Sunday for three trading sessions in a row with all the large capitalised sectors declining as budget concerns coupled with Eid closing tempted investors to sell shares to take out cash from the market...

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    Lufthansa team to inspect dog detection tomorrow

    Muktadir Rashid | Updated at 10:32pm on June 11, 2017

    A team of German airlines Lufthansa will inspect the cargo handling at Hazrat Shahjalal International Airport in Dhaka on Tuesday to examine whether explosives detection by Bangladeshi dog squads will meet European standard to transport cargo from Dhaka...