Will be lenient on banks’ capital market investment The Bangladesh Bank on Monday asked the commercial banks to purchase shares and assured them that it would be soft on the banks which have invested more than their allowable limit. The central bank’s governor, Atiur Rahman, issued the directive at an emergency meeting with commercial bankers ... Read more
Month: January 2011
SEC increases margin loan ratio
The Securities and Exchange Commission on Monday took a number of measures, including increasing the margin loan ratio for investors, to stop the massive slide of share prices. The SEC raised the margin loan ratio to 1:2 from 1:1.50 in a bid to increase the purchasing power of the share investors who have sustained heavy ... Read more
Seminar stresses social stock exchange
Social enterprises need financing from ‘impact investors’ that include a heterogeneous group like foundations, family offices, banks, pension funds and social investment to scale up their efforts, a discussion in Dhaka was told yesterday. Impact investors are a group that eyes a social goal beyond merely returns in terms of
New country manager for Nokia
Nokia Emerging Asia appointed Abu Daud Khan as country manager to lead Nokia operations in Bangladesh and Nepal, said a statement. Khan joined Nokia in 2010 and prior to the current assignment, he worked with Sony Ericsson Mobile Communications and British American Tobacco. Daud obtained his MBA from
Garmentech starts tomorrow
The 10th edition of Garmentech starts tomorrow at Bangabandhu International Conference Centre in Dhaka to exhibit the latest technologies and machinery of the garment sector. Zakaria Trade and Fair International and ASK Trade and Exhibitions Ltd jointly organise the event that ends on Saturday, said the organisers at a press meet at Dhaka Reporters Unity
They are in losses too
The police were in full gear, ready to pounce on the agitating investors on the road in front of the Dhaka Stock Exchange. Investors were ready to throw brickbats on the police as they could not curb their anger after the losses they had borne. Suddenly the police went into action and started to beat ... Read more
Students campaign against stalking
Students of four schools in the city’s West Dhanmondi area on Monday gathered to participate in a cultural and discussion programme to create mass awareness against stalking. Voluntary organisation Rural Health and Development Society exhibited comic books depicting the issues which would help children to easily understand the stalking and domestic
NU admission test result published
After a delay of 23 days caused by errors in answer scripts and work abstention of a section of employees, the National University (NU) authorities published result of honours first year admission test yesterday. The admission test was held on December 18 last year with some 3.36 lakh appeared at the test against 186,875 seats in ... Read more
Colourful boat race on Kirtonkhola
A colourful boat race was held on the River Kirtonkhola flowing by the side of the Barisal city Monday afternoon. The Barisal City Corporation organised the programme titled ‘Mayor Nouka Baich’ to popularise traditional sports, culture and amusement and save river, water ways, water bodies from siltation and extinction. The five-kilometre race started at Shahid Abdur ... Read more
Change in temperature unlikely
Severe cold wave is sweeping over the regions of Rajshahi and Dinajpur and mild to moderate cold wave is sweeping over the regions of Pabna, Bogra, Rangpur, Sayedpur, Faridpur, Jessore, Kushtia and Tangail and it may continue till 6:00pm today. Weather may remain dry over the country. Moderate to thick fog may occur over Rajshahi ... Read more
Cop sent to jail on charge of raping stepdaughter
A police official was sent to jail yesterday on charge of raping his stepdaughter in the city’s Demra in December, 2009. Judge Nur Mohammad Zahangir Hossain of Second Special Tribunal for Prevention of Women and Children Repression passed the order after rejecting the bail prayer of Sub-Inspector (SI)
Woman with ‘spiritual power’ held
A woman was arrested from Barobagh in the city’s Mirpur Sunday on allegation of cheating people by claiming to possess spiritual powers. Police said they held Sandhya Margaret, 52, following a warrant issued by a Dhaka court after a victim filed a case against her
Stock plunge sparks violence
Hundreds of small investors fought running battles with police at Motijheel and its surroundings in Dhaka and also staged violent protests elsewhere in the country on Monday after the Securities and Exchange Commission stopped trading amid the biggest crash in the country’s capital market history. The SEC, scrambling to find a way out of the ... Read more
Economists say bubble bust was inevitable
Economists on Monday said the record fall in stock markets that took place in the last two days was inevitable as value of shares had gone up irrationally. They blamed too much focus of banks in stock markets and manipulations by insider trades were mainly responsible for the bubble in the market that allured innocent
Expressway gets go-ahead
Agreement in a week The Cabinet Committee on Economic Affairs yesterday approved the Dhaka elevated expressway project paving the way for the government to sign a concession agreement with the project’s private investor. The approval came at a committee meeting at the Cabinet Division of the Secretariat. “It will take a week to sign the ... Read more
Mercury dips further in N region
The cold wave in the country’s northern districts yesterday hit the lowest temperature of the season, 5.3 degrees Celsius in Rajshahi. The minimum temperature in Dinajpur was 6.7 degrees Celsius while it was 7.1 degrees Celsius in Syedpur, 7.2 degrees Celsius in Chuadanga, 7.6 degrees Celsius in Iswardi, 8.0 degrees Celsius
Giants stroll easily
Table-toppers Abahani returned to the winning ways crushing lowly Orient SC by 178 runs while fellow title chasers Mohammedan Sporting Club and Bangladesh Biman also won their respective eighth round Dhaka Premier League matches on Monday. Biman thrashed Kalabagan by 124 runs at the Sher-e-Bangla National Stadium but not before a
Win and draw for giants
Title contenders Muktijoddha Sangsad returned to winning ways but star-studded Sheikh Jamal Dhanmondi Club stumbled in the Bangladesh League at different venues yesterday. A rejuvenated Muktijoddha Sangsad were lucky to hand a single-goal defeat to Arambabgh KS, thanks to a fortunate strike from captain-cum-defender Rajani Kanta Barman at the
Messi wins FIFA Ballon D’Or for second time
Lionel Messi won the 2010 Ballon d’Or, given by the FIFA administration, for a second time after having won in 2010. He was a contender along with Andrés Iniesta and Xavi Hernández. The Ballon d’Or combined FIFA’s Player of the Year award and France Football magazine’s long-running individual honour for the first time this
School football
Nichintapur Primary School of Sylhet moved into the final of the Bangabandhu Gold Cup Primary School Football tournament beating Kaila Govt. Primary School of Satkhira in the semifinal at Bangabandhu National Stadium yesterday. Nichintapur Primary School under Jaintapur Upazila will now play the final against