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Market update January 18

Net Profit increased by 52 per cent of Matin Spinning Mills Ltd dse cseNet Profit after tax from July 14 to Dec 14 was Tk. 195.51 million with EPS of Tk. 2.01 as against Tk. 128.60 million and Tk. 1.32 respectively for the same period of the previous year. -----------Source, DSE KPPL will be placed in A category from existing N category with effect from January 19, 2015 -----------Source, CSE    

Japan’s shares lead losses in Asia

Shares in Japan fell to a two-and-a-half month low on Friday, following a fall in US stocks and the yen gaining strength against the dollar. In Tokyo, the benchmark Nikkei 225 traded down nearly 3% at one stage to 16,592.57 points, its lowest since 31 October. nikkieThe index finished the day 1.4% lower at 16,864.16 points. Losses in the US came after the Swiss National Bank moved to scrap its exchange rate cap with the euro. The move sent the value of the Swiss franc soaring, which put pressure on the euro, and helped the dollar reach a fresh one...

UGC to limit public varsity teachers’ part-time engagement  

The University Grant Commission (UGC), the apex body to monitor the country’s higher education, has stressed formulating guidelines over how much time the public university teachers should be allowed to spend in their part-time engagement with private educational institutions. The UGC in its annual report 2013 says some public university teachers engaged in part-time teaching in one or more private universities spend much more time there than in their own universities, reports UNB. ugcThere is no specific guideline on how much time a public university teacher...

AIBL Business Dev Confce held

The Business Development Conference 2015 of Al-Arafah Islami Bank Ltd (AIBL) was held on Friday (January 16, 2015) at The Westin Hotel, Dhaka. Chairman of the Bank Badiur Rahman inaugurated the conference as the Chief Guest. The meeting was presided by the Managing Director of the Bank Md. Habibur Rahman. The conference was addressed by Directors Alhajj Md. Harun-Ar-Rashid Khan, Alhajj Nazmul Ahsan Khaled, Alhajj 20150116 - AIBL MANCONF Press ReleaseAbdul Malek Mollah, Alhajj Engr. Khondok...

Bangladesh Resorts & Hotels’ new property in Bandarban    

Bangladesh Resorts & Hotels, which is developing the country’s largest hotel - Royal Tulip Sea Pearl Beach Resort & Spa, at Cox’s Bazar, Bangladesh - will next start the construction of their third hotel project at Bandarban Hill District in the country. According to Mohammed Aminul Haque Shamim, Managing Director, Bangladesh Resorts & Hotels, they will be developing a luxury holiday resort in Bandarban with duplex villas and five-star facilities. Five-Star-hotel“Bandarban is known as a paradise on earth considering t...

BD needs more labor rights to regain trade benefits

Bangladesh must do more to support workers' rights and fight unfair labor practices before officials consider restoring U.S. trade benefits, the U.S. Trade Representative's office said on Friday. RMG Rana PlazaThe United States revoked trade benefits for Bangladesh in mid-2013 after a garment factory collapse and a factory fire killed more than 1,200 people. An administration review found that, although more than 2,000 safety reviews of factories had been carried out in the last year, several hundred more still had to be done. ...
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