A mobile team of the Chittagong Development Authority on Monday sealed off three risky buildings of Agrabad Excess Road in the city and fined their owners Tk 50,000 each. The team conducted the drive at Agrabad, Shantibag and Halishahar Residential areas. CDA deputy chief town planner Sarwar Uddin Ahmed
Month: April 2013
Strike at educational institutions today
Leftist student organisations platform Progressive Students’ Alliance will enforce today a strike in all educational institutions across the country, demanding capital punishment of the owners of garment factories at Rana Plaza of Savar. They will boycott classes and examinations between 11:00am
Prioritising legal aid to poor suggested
Giving priority to the legal aid related cases is very important for speedy disposal in the greater interest of the distressed and poor justice-seeker litigants. The judges, lawyers, police and others concerned should have to work together along with service- oriented zeal as the government is committed to provide legal aid
RMG buyers want ‘credible action’ over workplace safety
Assessment body comprising of buyers, owners, govt to be formed International buyers of garment products on Monday expressed their dissatisfaction again over the lack of workplace safety in Bangladesh which was exposed again by the Savar tragedy and they wanted to see ‘credible action’ addressing health and safety issues of workers. The buyers also said ... Read more
UK shoppers turn blind eye to Bangladesh
In the wake of disasters in Bangladesh garment factories that have claimed hundreds of lives in recent months, shoppers in the west have shown growing concern about worker safety in developing countries. As long as it doesn’t mean an end to bargains. ‘It bothers me, but a lot of retailers are getting their
RAKUB’s capital shortfall soars to Tk 547cr
Capital shortfall in Rajshahi Krishi Unnayan Bank increased by 138.01 per cent to Tk 547 crore on December 31, 2012 from Tk 229.82 crore on June 30, 2012 due to its increased trend in classified loan, said officials of the Bangladesh Bank. The central bank on Monday warned RAKUB for
Govt likely to take $800m in hard-term loan
The government is going to borrow more than $800 million loan from the overseas banks on high interest rate to pay the oil import bills fattened due to costly rental power plants, officials said on Monday. A committee dealing with hard-term loans
Govt to start talks with WB for 2nd Padma bridge funding
The government will start negotiation with the World Bank today for taking loans for 15 development projects including construction of the second Padma bridge at Paturia. A negotiation meeting on the funding of prospective projects between the World Bank Dhaka office and Economic Relations Division will be held today at the
NBR under MPs’ pressure to reduce duty on bidi: chairman
A handful of lawmakers are creating pressure on the National Board of Revenue to reduce duty imposed on bidi, indigenous substitute of cigarette, in the upcoming budget of FY 2013-2014, alleged NBR chairman Ghulam Hussain. ‘We are under pressure as more than 70 Members
Dhaka stocks down for 8th day
Dhaka stocks finished down for the eighth trading session on Monday as investors remained pessimistic amid tension on the political front and Savar building collapse tragedy. DSEX, the benchmark general index of Dhaka Stock Exchange, declined by 0.28 per cent, or 9.72 points, to finish at 3,444.80 points on the day.
SME Foundation seeks more incentive for agro-processed, handicraft products
Small and Medium Enterprises Foundation on Monday demanded an increase of cash incentive on export of agro-processed and handicraft products to 30 per cent from the existing 20 per cent with a view to promoting the sectors to grow up. At a pre-budget meeting with the National Board
BB lowers provision against SME loan
The Bangladesh Bank on Monday lowered the general provision against standard loan and lease disbursed by non-bank financial institutions to small and medium enterprises. The BB issued a circular to managing directors of the NBFIs saying that from now on the general provision against loan and lease for the SMEs down to 0.25 per cent
Insurers get 15 more days for registrations
The Insurance Development and Regulatory Authority on Monday extended the deadline for the third time by 15 more days to May 15 for submission of applications by the insurance companies for their registrations. The deadline was first set on March 30. The authorities
$25m foreign loan approved against 3 pvt projects
The Board of Investment scrutiny committee for approval of private sector foreign borrowing on Monday cleared $25 million in foreign loans against three private sector projects. The approval came from the 75th meeting of the BoI scrutiny committee for approval of foreign loan/supplier’s credit held at the Bangladesh Bank, said
Kanutosh elected Jamuna Bank chairman
Kanutosh Majumder has unanimously been elected the chairman of Jamuna Bank at the 223rd meeting of its Board of Directors recently, said a press release. Born in Noakhali in 1940, Kanutosh did his masters in commerce at the University of Dhaka. Kanutosh is also the founder of New Generation
Tigers level series with rare Test win
Bangladesh got the better of their nerves to overcome a firm resistance from Zimbabwe, pulling off a 143-run win in the second Test to level the two-Test series 1-1 in Harare on Monday. The Tigers, who have now got their only fourth win and the first since 2009, took the required six wickets on the ... Read more
More relief than joy
Bangladesh captain Mushfiqur Rahim was more a picture of relief rather than joy at the post-match presentation ceremony after his unit pulled off a 143-run win over hosts Zimbabwe in the second Test match to level the series. Bangladesh had lost the first Test by a comprehensive
Zia survives for another Test
All-rounder Ziaur Rahman gave himself a chance to play another Test after his four-wicket haul in the second innings played a crucial role in Bangladesh’s 143-run win over Zimbabwe in the second Test on Monday. Zia, making his Test debut, faced huge criticism
Abahani thrown out of title race
Defending champions Abahani Limited were effectively thrown out of the title race of the Bangladesh Premier League after suffering a 3-1 defeat in their penultimate match at the hands of ten-man BJMC at the Bangabandhu National Stadium on Monday. Toklis Ahmed bagged a brace while Ismael Bangoura
Sri Lanka U-19 clinch series
The Sri Lankan Under-19 team sealed the five-match youth one-day international series 3-2 after prevailing by 62 runs against the Bangladesh Under-19 team in the fifth and final one-dayer at Mirpur on Monday. Chasing Sri Lanka Under-19’s low total of 185-10,