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    Brands warn against early closure of Accord

    Staff Correspondent | Updated at 12:05am on August 03, 2018

    More than 180 European brands which signed the 2018 Transition Accord have warned that if the Bangladesh government goes for a premature shut down of the Accord leaving workers in unsafe working conditions, the brands might reconsider sourcing decisions....

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    Muhith sets Aug 9 new deadline for 9pc rate implementation

    Staff Correspondent | Updated at 12:05am on August 03, 2018

    Finance minister AMA Muhith on Thursday said that decision of lending at nine per cent interest rate would be implemented from August 9 as most of the banks did not execute the decision by the July 1 deadline....

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    Stocks rally for 2nd day as MPS fear wanes

    Staff Correspondent | Updated at 10:53pm on August 01, 2018

    Dhaka stocks surged for the second day on Wednesday as investors continued buying shares, especially the financial scrips, as the Bangladesh Bank’s new monetary policy withered away investors’ fear of it impacting market negatively....

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    NBR asks customs houses, officials to follow uniform valuation procedure

    Jasim Uddin | Updated at 10:49pm on August 01, 2018

    The National Board of Revenue on Monday issued a standing order on customs valuation procedure for determining the value of imported goods to prevent duty evasion through misdeclaration and remove harassment of importers....

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    BSEC fines directors of Delta Spinners, Bengal Fine Ceramics

    Staff Correspondent | Updated at 10:48pm on August 01, 2018

    Bangladesh Securities and Exchange Commission on Wednesday fined all shareholder-directors of two companies —Delta Spinners Limited and Bengal Fine Ceramics Limited —Tk 1 lakh each and warned three more companies for breaching securities laws....

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    Foreign fund at DSE withdrawn for 4th month

    Staff Correspondent | Updated at 10:46pm on August 01, 2018

    Foreign investment at the Dhaka Stock Exchange remained negative in July for the fourth consecutive month as the overseas investors continued offloading their holdings at the bourse amid concerns over the country’s financial sector and national elections....

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    Mobile call may get pricy as govt to set uniform floor rate at Tk 0.5

    HM Murtuza | Updated at 10:34pm on August 01, 2018

    The government has initiated a move to introduce uniform voice call rate for the mobile phone subscribers, setting the floor rate at Tk 0.50 per minute and the upper limit at Tk 2 per minute, which is likely to force consumers to pay more for calls....

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    CSE wants to inspect 3 out-of-operation cos

    Staff Correspondent | Updated at 01:47am on August 01, 2018

    The Chittagong Stock Exchange has decided to inspect offices and factories of three out-of-operation companies — Emrald Oil Industries, Beach Hatchery and C&A Textiles — due to not holding annual general meetings and non-submission of various financial reports....

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    PKB inducted as scheduled specialised bank

    Staff Correspondent | Updated at 01:43am on August 01, 2018

    Bangladesh Bank has inducted state-run Probashi Kallyan Bank, which was initially set up as a financial institution for non-resident Bangladeshis, as a scheduled specialised bank....

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    Japan wants to invest more in Bangladesh RMG sector: Tofail

    Staff Correspondent | Updated at 01:42am on August 01, 2018

    Commerce minister Tofail Ahmed on Tuesday said that Japan showed interest to invest more in Bangladesh especially in the textile sector....