DHAKA: The Arab Spring uprisings will end up costing Middle Eastern economies about $800 billion in lost output by the end of next year as countries struggle to restore stability.Banking giant HSBC estimated on Wednesday, reports The Jerusalem Post.In a research report, HSBC predicted

DHAKA: Bangladesh’s export earning in the first quarter of the current 2013-14 fiscal year (July 2013-June 2014) grew 21.24 percent year-on-year to $7.63 billion, official data showed Wednesday.Of the total earnings, Bangladesh’s Export Promotion Bureau (EPB) data showed that the

DHAKA: The US central bank’s tapering of its economic stimulus programme will pose one of the biggest challenges to increased global financial stability, according to an International Monetary Fund report released on Wednesday.The Federal Reserve is expected to begin the transition

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday.The key index of Dhaka Stock Exchange, DSEX, rose over 29 points to stand at 3,829 at the close on the forth trading day of the week.Trade deals stood at 66,431 with transaction at Tk 2,258

DHAKA: The United States and 11 other nations negotiating an Asia-Pacific trade pact say they are on track to agree on a comprehensive deal before the year’s end.A statement issued by the 12 leaders on Tuesday after an Asia-Pacific Economic Cooperation summit in Bali said they have made

DHAKA: Midland Bank Limited, a private commercial bank of the country, opened its Agrabad branch at As-Salam Tower, 57, Agrabad Commercial Area in Chittagong on Tuesday. Chairman of the bank M Moniruzzaman Khandaker inaugurated the opening of branch along with Mohammad Jamal Ullah, Al-haj

DHAKA: Eastern Bank Ltd (EBL) has introduced a Commercial Paper (CP), a widely used money market financial instrument across the world, worth Tk 500 million for ACI Ltd for their high end subscribers. To celebrate this remarkable deal, a ceremony was held recently at a city hotel. SK Sur

DHAKA: Country’s stock markets marked fall in its price indices on Tuesday.The key index of the Dhaka Stock Exchange, DSEX, shed over 64 points only to stand at 3,792 at the close on the third trading day of the week.Trade deals stood at 80,158 with volume of transactions at Tk 2,651

DHAKA: Grameenphone will launch 3G for its customers of Basundhara and Baridhara area on commercial basis on Tuesday.The launch marks the beginning of a nationwide network roll out, with the ambition of covering all 64 District towns by end of March, 2014.From now on customers within the

DHAKA: The Anti-Corruption Commission (ACC) submitted charge sheet in much-talked-about Hall-Mark loan scam bringing allegation against 25 officials of Sonali Bank and Hall-Mark Group.ACC deputy director, also Probe officer Meer Joynul Abedin Shibli filed the charge shit with Ramna Thana

DHAKA: Bangladeshis living and working abroad remitted home more than $3 billion in the first quarter of the current fiscal, a central bank official said.Quoting provisional data, the Bangladesh Bank (BB) official told media that the flow of inward remittances in the first three months of

DHAKA: After several months of inquiries, signatories to the Accord on Fire and Building Safety in Bangladesh have released details on almost 1,600 factories being used in the country. Sean Ansett, the Accord`s interim executive director said, “This is not merely a list of factory

FROM JATIYA SANGSHAD: Finance Minister AMA Muhith on Saturday said some 28 corporations would have to pay around Tk 9,225 crore and 25 lakh as they borrowed from several banks since July.The finance minister came up with the disclosure while addressing the parliament in response to a

DHAKA: Bangladesh Development Bank Limited (BDBL) has provided Tk 7.5 crore as profits to the government. BDBL Chairman Shanti Narayan Bashu handed over the cheque of the money to Finance Minister AMA Muhith on Sunday. The high officials of the BDBL were present on the occasion. BDST:

DHAKA: Country’s stock markets marked fall in its price indices on Sunday, the first trading day of the week.The key index of Dhaka Stock Exchange, DSEX, shed over 66 points only to stand at 3,882 at the close of the day’s trading.Trade deals stood at 66,275 with volume of

DHAKA: India and Bangladesh are set to sign a historic deal to allow cargo trucks from both sides to ply within each other’s territories. This will be for the first time India enters such an agreement with any of its neighbouring countries.The agreement, known as the ‘Motor Vehicles

RAJSHAHI: A case was field against seven people, including Manager and Assistant Manager of Jamuna Bank Rajshahi Branch, for alleged involvement in forging Tk 4 crore. Robiul Islam, owner of Ripa enterprise, filed the case with Chief Metropolitan Magistrate Court on Saturday. According to

DHAKA: India’s market regulator has approved new rules aimed at streamlining the registration process for foreign investors, aiming to attract vital inflows needed to narrow a record high current account deficit.The regulations, first announced at a June board meeting of the Securities

DHAKA: Prime Bank Limited arranged a syndication agreement signing ceremony as the Lead Arranger through raising BDT 3960 million for Star Ceramics Pvt. Limited (SCPL) on 3rd October at a local hotel in the city. Besides Prime Bank 7 more banks namely Mutual Trust Bank Ltd, Trust Bank

DHAKA: Three leading mobile operators of the country Grameenphone, Robi and Banglalink got the approval of 3G packages from Bangladesh Telecommunication Regularity Commission (BTRC).Sources said that BTRC approved the packages with 15 conditions and directed the operators to ensure 70