Category: Business

Govt to introduce GSP online: GM Quader

Ref: Commerce Minister GM Quader Wednesday categorically said the government is making a plan to introduce an online with GSP facility to curb the problem of traders.

GM Quader

GM Quader

The commerce minister came up with the disclosure while addressing a programme of inauguration of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Laboratory in the city.
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Destiny president surrenders

Ref: Lieutenant General (retd) M Harun-or-Rashid, the president of Destiny Group also former Army Chief, surrendered to a Dhaka court Thursday morning in two cases of money laundering.


After surrendered before the Dhaka Metropolitan Session Judge Court, the Destiny president sought bail.
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Govt orders total ban on DO system

The commerce ministry has instructed the mill owners to stop supplying edible oil and sugar through delivery order (DO) system.

The ministry sent the directives to the mill owners on Sunday after its monitoring cell received allegations that some businessmen were still doing business through the DO system. Read more →

DSE turnover crosses Tk18bn benchmark

The turnover at the Dhaka Stock Exchange has touched the Tk 18.99 billion benchmark for the first time this year on the last trading day of the week.

Over 242.85 million volumes were traded on Thursday.

The general index gained 45.35 points or 0.68 percent to 6664.45 points.

Of the 261 traded issues, 141 advanced, 111 declined and nine remained unchanged.

The previous highest turnover in nearly six months was Tk 17.65 on Wednesday.

Slide in stocks: DSE dives 87 pt, CSE 143 Tuesday

Ref: The price indices on Dhaka Stock Exchange and Chittagong Stock Exchange lost 87 and 143 points Tuesday in a repeat of fall on the third day of the week as investors’ shaken confidence is yet to be restored.

The benchmark general index of Dhaka Stock Exchange (DGEN Index) gained over 65 points within the first five minutes of trading, but soon took a downturn with a fluctuating trend in share prices.
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Stocks plunge amid hartal

Ref: The Dhaka and Chittagong stocks suffered massive fall as the two bourses went into business on Sunday amid a 36-hour general strike.

The benchmark index of the Dhaka Stock Exchange (DSE) went down over 300 points to register the highest fall since Mar 13 when it lost about 459 points.

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Market regulator gets 2 more members

Ref: Former Bangladesh Bank executive director Mohammed Amzad Hossain and former president of Bangladesh Merchant Bankers Association Arif Khan have been appointed to the Securities and Exchange Commission as members.

The Banks and Financial Institutions Division of the finance ministry issued a circular on their appointments on Sunday.

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DSE turnover hits 26-month low

Ref: The Dhaka Stock Exchange (DSE) has suffered the lowest turnover for 26 months.

Even though most shares gained, the turnover was recorded at Tk 2.96 billion on Thursday, sparking protest by retail investors.
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Committee formed to solve problems of steel, re-rolling industries

Ref: The government Thursday formed a seven-member committee headed by additional secretary ABM Khorshed Alam of Industries Ministry to solve the problems facing steel and re-rolling mills in the vital industrial sector.

Industries Minister Dilip Barua ordered the formation of the committee after holding a meeting with office bearers of Bangladesh Auto Re-rolling and Steel Mills Association at 11:30 am.
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'Act against market manipulators'

Ref: Parliament on Monday saw a marathon discussion on the recent share market debacle with some Awami League leaders rallying around the embattled stocks scam inquiry committee chief.

Finance minister A M A Muhith and Awami League Advisory Council member Suranjit Sengupta lent their support to Ibrahim Khaled who is facing a defamation suit

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