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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    

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. ...

Fayezur Razzaque dies

Mr. Md. Fayezur Razzaque Ex. CSP (1966 Batch) Died at 1 PM, 15.01.2015. (age 71 ) He was suffering from Cancer for last few years. He was Former Deputy Commissioner, greater Mymenshingh, also worked as Director General of Bangladesh Television, Managing Director of Bangladesh Biman, He was also Secretary of Relief & Rehabilitation, Secretary of Industry Attachment-1Managing Director of Krishi Bank, Secretary of Bangladesh Election Commission, Director, Asian Development Bank in his remarkable career.  Lastly he was working fo...

US Asst Secy Richard to visit Bangladesh

US Assistant Secretary of State for Population, Refugees, and Migration Anne C. Richard will be on travel to Burma until January 20 and will visit Bangladesh from January 20-23. US asst secyIn Burma, Assistant Secretary Richard will visit Rakhine State from January 16-19 to meet with state and local government officials, representatives of the Rohingya and Rakhine communities, and international and non-governmental organizations to discuss the political and humanitarian situation in Rakhine State, following her participation in the second U.S.-...

Travel alert to UK visitors to Bangladesh

The United Kingdom (UK) on Thursday issued a travel alert for its citizens intending to visit Bangladesh or those are already here because of political tensions. “If you’re currently in Bangladesh or intend to travel to Bangladesh, even if you’re a regular visitor with family or business links, you UK_BDshould monitor news media and regularly consult this travel advice,” said a foreign travel advice update issued by the Foreign and Commonwealth Office (FCO). It said, “If you’re travelling (to Bangladesh) during a blockade you should avoid demonstrations an...

No business, but burden of loans exists  

Commodity transportation is facing serious problem due to hartal and blockade. As a result, it is not being possible to transport commodities despite huge demand. The business transaction is also being hampered. Businessmen are now worried over how they will pay the loan installments. Talking to this correspondent on Tuesday evening the proprietor of M/S Sarker Traders of Nilphamari Md Abdul Wahed said the Transport (truck) movement has been stopped for some days as the drivers of those vehicles are not interested to ply vehicles. hartalPolice...
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