Bangladesh golfer Siddikur Rahman capped a fine comeback in round four of the Panasonic India Open in New Delhi on Sunday to finish joint 10th in the leaderboard headed by Australia’s Wade Ormsby. Siddik shot three-under par 69 on the final day of the US$300, 000 event to improve on his third day position of ... Read more
Month: April 2013
Busy month for Bangladesh age-level teams
The Sri Lankan Under-19 cricket team arrived in Bangladesh on Sunday to play two four-day matches and five one-day internationals against their Bangladeshi counterparts. The first four-dayer between the two South Asian sides will begin on April 11 at the Sher-e-Bangla National Cricket Stadium in Mirpur. The two teams will then
Trade, industry priority areas of cooperation
The second joint commission meeting between Bangladesh and Vietnam emphasized on bilateral trade and industrial investment to enhance economic cooperation between the two friendly countries. At the end of the two-day meeting of the commission on Sunday, finance minister AMA Muhith said that the joint initiatives to boost bilateral trade
15 RMG units incur $3.31m loss for political turmoil
Fifteen garment factories incurred loss of $3.31 million due to the country’s ongoing political instability, mainly frequent strikes, showed an assessment survey. The political turmoil is taking heavy toll on the readymade garment sector as the entrepreneurs are incurring huge loss from order cancellations, discounts,
Local manufacturers demand duty rise on motorcycle import
Motorcycle manufacturers and exporters on Sunday demanded that the National Board of Revenue should increase supplementary duty on import of complete knock down (CKD) and complete built unit (CBU) motorcycles to 60 per cent from 30-45 per cent to protect the local manufacturing industries. At a pre-budget discussion with the NBR,
BB asks NBFIs to form risk management forum
Bangladesh Bank on Sunday asked non-bank financial institutions to form separate Risk Management Forum and Risk Analyst Unit by 15 April, 2013 in a bid to manage their external and internal risks in a prudent and organised way. The BB issued a circular to managing directors and chief executive
BB enlists Meghna as scheduled bank
Bangladesh Bank on Sunday announced that it had enlisted Megna Bank, which recently got licence from the BB, as a scheduled bank. To this end, the central bank issued a circular to the managing directors and chief executive officers of all the banks asking them to inform this to all of their
Vietnam to consider duty facility for Bangladeshi SME products
Vietnam industry and trade minister Vu Huy Hoang on Sunday said they would specially consider the duty facility issue for exporting Bangladeshi SME products to Vietnam. ‘The Vietnamese government will put in its efforts regarding the facility under the WTO (World Trade Organisation) framework,’ Hoang said during a meeting with industries
Telenor to invest in Bangladesh 3G mobile facility: Norwegian minister
Norwegian trade minister Trond Giske on Sunday said Telenor would invest more in Bangladesh, especially in the 3G (third generation) mobile facility through Grameenphone. He also showed interest in investing in shipbuilding, ship-recycling and oil and gas sectors. Trond Giske, who is leading an 18-member trade delegation,
Local businesses urge Vietnam to import pharmaceuticals
Bangladeshi entrepreneurs on Sunday urged the visiting business delegation from Vietnam to invest in Bangladesh and import pharmaceuticals from the country. They said that Bangladesh had developed a strong pharmaceutical sector and was exporting quality drugs to at least 87 countries.
Lack of marketing policy major problem for insurers: experts
Lack of marketing policy is the major problem for insurance companies in Bangladesh, experts said in Dhaka on Sunday. Managements of insurance companies spend a small amount of money for advertisement which is a key marketing tool for business promotion, they observed.
Stocks decline amid poor turnover
Dhaka stocks declined on Sunday as the turnover recorded a significant fall. Although most of the companies gained on the day, the fall of shares prices of the companies with large paid-up capitals orchestrated the fall. The turnover of the bourse declined to Tk 114.34 crore,
New BB wing to promote green banking, CSR
Bangladesh Bank has opened a new wing called Green Banking and CSR Department to promote green financing and corporate social responsibility related activities of the scheduled banks. The new wing aims at chalking out measures to formulate a policy for green banking and to develop and implement green strategic plan, the BB circular said.
Padatik Natya Sangsad organises theatre fest
The fourth Syed Badruddin Hossain Smriti Natya Utsab began with great enthusiasm of the theatre activists on Friday at the National Theatre Hall of Bangladesh Shilpakala Academy. Eminent poet-playwright Syed Shamsul Haque was present as the chief guest in the inauguration ceremony. Worldwide International Theatre Institute president Ramedu Majumdar,
Illustrated diaries on display at Shilpakala
Entries of 8 finalists sent to Japan The illustrated diaries portraying daily events and thoughts in the form of a picture and a short essay are on display at the National Art Gallery of Bangladesh Shilpakala Academy. The displayed 344 enikkis, the Japanese term for illustrated diaries, have been selected from the hundreds of entries ... Read more
4-day charity film fest ends at JU
The four-day charity film festival organised to help the tornado affected people in Brahmanbaria will end today at the Zahir Raihan Auditorium of Jahangirnagar University. The festival features 12 classic and popular films from home and abroad including Jiban Theke Neya, Life of Pi, Andaz Apna Apna, Happy Days, Bapi Bari Jaa, Murder 3, Mach ... Read more
Kalir Baan staged at Rajshahi College
The newly formed Rajshahi University College based troupe named Rajshahi College Natya on Friday premiered its debut production Kalir Baan in presence of a houseful audience at the college auditorium. The programme began with a discussion session in which vice principal of the college professor Habibur Rahman, associate professor of management department Shah Alom,
Retail businesses passing through tough time
Retailers are passing through tough time as sales at their shops have almost halved due to the current political unrest and frequent general strikes, shop owners said. They said most of the small businessmen were forced to meet their operational cost with capital fund in recent weeks as they had failed to make any profits ... Read more
DCCI for tax waiver for new entrepreneurs for 3 years
Compulsory tax likely on trade licencees: NBR The Dhaka Chamber of Commerce and Industry on Saturday demanded a tax waiver for new entrepreneurs for at least three years as an incentive for new businesses which would also help in employment generation in the country. At a pre-budget discussion with the National Board
Foreign investments in stocks drop in March
Foreign investment in the Dhaka Stock Exchange declined last month amid political unrest across the country. According to Dhaka Stock Exchange data, the net foreign investment declined to Tk 90.53 crore in March from the previous month’s Tk 103.56 crore while it was Tk 99.72 crore in January. Market operators said political instability and acts ... Read more