Asia

Country’s premier bourse, Dhaka Stock Exchange (DSE) ended yesterday’s session with a further dip maintaining the sluggish trend of previous day. Apart from telecom and jute, almost all the sectors, especially the large- cap sectors, registered notable sale that contributed to the further fall in indices. The...

India’s No 2 software services exporter, Infosys Ltd, is probing whistleblower complaints that its top two executives engaged in ‘unethical practices’ to boost short-term revenue and profit, sending its shares down 16 per cent on Tuesday. Chief executive Salil Parekh, who took charge in 2018, had bypassed...

Stating that some banks and financial institutions are facing crisis and navigating through difficult time, experts on Thursday said, proper monitoring, policy reforms, frequent auditing and selection of good borrowers are essential for a disciplined financial market. They also stressed on corporate governance, strong monitoring of Bangladesh...

Country’s leading mobile phone operator Grameenphone reported total revenues of Tk 107.5 billion for the first nine months of 2019, a 9.5 per cent growth from the same period of last year, the company said in a press statement. In addition, the operator’s subscriber base grew up...

The government has set a target of lessening the time of completing import and export procedures to two days and one day respectively by 2022. Currently, the time for releasing import goods needs eight days while export goods five days through different customs ports. The target is...

Despite counting revenue loss in the short-term, Bangladesh should sign free trade agreements (FTAs) with its key trading partners for better export growth over the long haul, speakers said at a seminar on Saturday. They also called on government agencies and businesses to get ready to compete...

Bangladesh Foreign Minister Dr A K Abdul Momen on his first official visit to Germany has invited German businesses to invest in the country for a win-win scenario. The minister highlighted the business-friendly policies and environment of Bangladesh when he addressed the German Federal Association for...

The Annual Development Programme (ADP) implementation rate fallen to 8.06 per cent in the first quarter (Q1) of the current fiscal year (FY) 2019-20. During the same period (July-September) of FY 2018-19, different ministries and agencies executed 8.25 per cent of ADP. According to Implementation Monito-ring...

Some eight sectors, including solar panel manufacturers and animal feed manufacturers, will enjoy exemptions from the payment of advance tax at the import stage. The advance tax is payable at the import stage and the importers are allowed to adjust or get refund of the paid taxes...

The net inflow of foreign direct investment (FDI) in Bangladesh increased by 50.71 per cent in the last fiscal year (FY'19), according to the latest statistics released by the central bank on Tuesday. It showed that net FDI stood at $3.89 billion in FY'19 from $2.58 billion...