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DSE opens week down as major sectors dip

Dhaka Stock exchange (DSE) began the week on Sunday slightly down as the major sectors plunged further into falling trend while Chittagong Stock exchange witnessed upward trend. All the major sectors including textile and insurance were down on the day while cement, food and allied, fuel and power, engineering and pharmaceutical and chemical issues managed some gains. The broader DSEX index of DSE was 0.48 point down at 4672.39. The blue-chip DS30 also was dsein the following trend to close 0.96 points down at 1756.81. On the oth...

Remittance on the decline

Remittance’s slide continues for the third straight month in Bangladesh, after the month of October saw receipts decline 8.18 per cent year-on-year to $1.01 billion. Migrant workers sent home $4.26bn in the first four months of the fiscal year, down 17.31pc year-on-year. The decline in oil price, which dropped to its historic low in January this year from its historic forexhigh in the middle of 2014, affected incomes in the Gulf Cooperation Council economies, weakening the demand for migrant workers. The bonus and overtime...

BD wants next US administration to lower trade barriers

As the United States goes to the polls in two days, Bangladesh hopes that the next US administration would relax its protectionist measures to encourage higher consumer spending in its retail economy. Despite the South Asian country strengthening its ties with China, security and strategic experts in Bangladesh hope that the US would make room for the Bangladeshi economy to prosper with more trade preferences and less political prejudice. Bangladesh is of “deep strategic interest” for the United States from a security perspective. usbd...

AIBL 138th Branch at Mostofapur, Madaripur

Al-Arafah Islami Bank Ltd (AIBL) opened its 138th branch at on Sunday (6 November 2016). Director of the Bank Alhajj Abdul Malek Mollah inaugurated the branch as Chief Guest. Managing Director Md. Habibur Rahman presided over the ceremony. Principal of Al-Arafah Islami Bank Training & Research Academy Nurul Islam Khalifa was present as special guest. Head of AIBL Khulna Zone Md. Manjurul Alam delivered the welcome speech. The occasion was addressed by Proprietor of Alif Auto Rice Mill Engr. Md. Mahbubul Alam Khan, Secretary

Axiata Chief discusses digital future with Robi talents

Axiata Managing Director/ President and Group Chief Executive Officer (GCEO), Tan Sri Jamaludin Ibrahim has urged Robi talents to lead the company’s drive towards delivering on Axiata Group’s vision of becoming the Next Generation Digital Company by 2020. He made this appeal to the Robi talents over an inspirational session that took place recently at a city hotel. Axiata’s Managing Director/ President and GCEO recently visited Bangladesh along with the Axiata Senior Leadership Team members to review Robi’s business operations. Axiata’s CEO for the South Asian Region, Dr. Hans Wijayasuriya; Group Chief Talent Officer,
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