South Asia Investor Review is a blog by Riaz Haq focused on reporting, analyzing and discussing the economy and the financial markets of countries in South Asia, including India, Pakistan, Bangladesh and Sri Lanka. It is designed to help...
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South Asia Investor Review is a blog by Riaz Haq focused on reporting, analyzing and discussing the economy and the financial markets of countries in South Asia, including India, Pakistan, Bangladesh and Sri Lanka. It is designed to help international investors looking to learn about investing in South Asia. Riaz has another blog called Haq's Musings at http://riazhaq.blogspot.com
http://www.thedailystar.net/newDesign/news-details.php?nid=117685
Metro Spinning plans for ’slab yarn’ production
Star Business Report
Metro Spinning, a concern of Maksons Group, plans to import 20 slab yarn machines from India in two phases to produce specialised yarn, as part of the company’s effort to diversify products.
The equipment that makes specialised yarn for both knit and woven fabrics will be installed at a cost of $2.30 lakh (Tk 1.58 crore).
Metro Spinning made the plan... Read Full Story
http://www.thedailystar.net/newDesign/news-details.php?nid=117084
FARR Ceramics sets foot in Argentina
Next shipment in March
Sajjadur Rahman
A local ceramics manufacturer has entered Argentina with exports after shoring up its foothold in Europe.
FARR Ceramics Ltd has recently exported ceramics worth Tk 1.6 crore to the South American country. The company has also bagged Tk 5 crore orders from the country and will ship by March.
“We are exploring new markets on our own. We don’t... Read Full Story
KARACHI: The trade volume at Karachi Stock Exchange slid to six-month low Monday, as the benchmark KSE-100 Index loses 16 points to close below 9,000 level at 8,992.
The stock market began with green numbers on screens but later terrorist activities in NWFP and Quetta eroded the early gains and the Index pegged at the current level.
The market turnover shrank to 70 million shares which is lowest since June 16, 2009. Read Full Story
http://www.thedailystar.net/newDesign/news-details.php?nid=115742
Bangladesh Development Bank eyes January launch
Md Hasan
The much-awaited formation of state-owned Bangladesh Development Bank Ltd (BDBL) has reached the final stages with its registration completed with the Office of the Registrar of Joint Stock Companies and Firms.
The central bank also approved a plan for BDBL to run as a scheduled bank.
The registration was completed on November 16.
A merger between Bangladesh... Read Full Story
http://nation.ittefaq.com/issues/2009/11/18/news0891.htm
IBBL trains employees of Nigerian bank
Business Report
The valedictory session of a week long “Pre-Launching Manpower Development Programme” organised by Islami Bank Bangladesh Ltd was held on Sunday at the conference hall of its training and research academy.
Prof. Abu Nasser Muhammad Abduz Zaher, Chairman, Board of Directors of Islami Bank Bangladesh Ltd. was present in the function as Chief Guest. Presided over by M... Read Full Story
http://www.thefinancialexpress-bd.com/more.php?news_id=84738 Shipbuilding industry sees growth spree Munima Sultana The country’s fast growing ship building industry is likely to see another growth spurt within a year as a number of foreign companies are seeking local partners to develop backward linkage industries. Ship building owners said joint venture investment are likely to come from Denmark, Germany, France and few other countries that would help reduce the foreign dependence from... Read Full Story
http://www.thedailystar.net/newDesign/news-details.php?nid=117504
Bangladesh to export car parts
Star Business Report
Bangladesh is set to export automobile parts and accessories to the US market, which is expected to boost the light engineering industry.
Sample products including bumper bracket, rubber brush and suspension kits will be produced as part of the first order worth $15,000 for New Milbert International Inc, a US company.
Few other products — piston, moulding, fender and... Read Full Story
http://www.thefinancialexpress-bd.com/more.php?news_id=84142
Shipbuilding holds out high promises
Shahiduzzaman Khan
A ‘pragmatic’ policy for the shipbuilding industry is reportedly under consideration for attracting new investments and orders from abroad. The country has earlier witnessed some notable success in export of small ocean-going vessels.
In this backdrop, the government is also examining the possibility of setting up a separate export processing zone (EPZ) exclusively for... Read Full Story
http://www.thefinancialexpress-bd.com/more.php?news_id=83951
Danish study finds shipbuilding 15pc cheaper in Bangladesh
FE Report
The cost of building an ocean-going ship in Bangladesh is around 15 per cent less than in any other competitor countries, thanks to the cheap labour here, a study of the Danish Embassy said Monday.
Though the low labour costs cannot stand alone to lower the manufacturing costs, the study said the country might not compete with the countries like China... Read Full Story
KSE-100 Index Recovers 154 Points :The benchmark KSE-100 Index of Karachi Stock Exchange (KSE) recovered 154 points to close at 8,916.
The stock market began its trade in the red mode which later turned into positive on the reports of positive economic outlook by Credit Swiss and Moody’s.
The investors took particular interest energy and cement stocks.
The trade volume stood at 140 million shares.
Jehangir Siddiqui Company topped the list of volume leaders, gaining paisas 13 to close... Read Full Story
