The government is considering an option to raise tax-free income ceiling for individual taxpayers in the coming national budget for fiscal year 2013-2014 considering high pressure of inflation and falling purchasing power of the consumers with fixed income. National Board of Revenue officials said although
Month: May 2013
H&M looks for alternatives as Walmart blacklists 250 factories
A leading European retailer is now searching for alternative sourcing destinations after US-based Walmart blacklisted 250 Bangladeshi garment factories. H&M, the biggest buyer of Bangladeshi clothes in Europe, is rethinking its sourcing policy in the wake of factory collapse in Bangladesh on April 24 that
Proposed ADP a big challenge: economists
Mirza Aziz terms it unrealistic, eyewash ahead of polls The government will face a huge challenge to implement the proposed mammoth annual development programme of Tk 73,968 crore in the next fiscal year because of the ongoing political crisis that has already affected revenue collection, said economists on Monday. The extended meeting of the Planning ... Read more
Five banks incur losses, most others see profit plunge in Q1
Five banks incurred losses while most others recorded huge profit fall in the first quarter of this year compared with the same period of the previous year due to poor business environment and provisioning pressure against increasing defaulted loans. Among the 30 banks listed with Dhaka Stock Exchange,
Govt slaps ban on betel nut import
The government has decided to slap a ban on import of betel nut in a bid to tackle money laundering, said Bangladesh Bank officials. The central bank on Thursday issued a circular to authorised dealer branches of all banks asking them not to open any letters of credit regarding import of betel nut.
Biman postpones decision to raise fares till July
The national carrier Biman Bangladesh Airlines has deferred its decision until July to increase the cost of tickets on a number of its international routes. At a board meeting on 12 March, Biman management had decided that from May they would increase the fares of its more successful routes to deal with
REHAB demands BB revive refinance scheme
Real Estate and Housing Association of Bangladesh on Monday demanded the Bangladesh Bank should revive a refinance scheme of Tk 700 crore for real estate sector in a bid to save the housing market. A six-member team of the REHAB led by its general
Stocks gain for third day
Dhaka stocks advanced for the third trading session on Monday in volatile trading as investors remained positive. A section of the large-scale investors, however, went for profit-taking sales on the day after the recent rise, market operators said.
President for ensuring financial discipline
President Abdul Hamid on Monday asked comptroller and auditor general Masud Ahmed to take all steps for ensuring highest discipline and transparency in financial management. ‘Play your due role independently, being above all kinds of pressure … if you face any difficulties to discharge duties, inform me,’ he said when the
SCB gets GOGREEN certificate from DHL
Standard Chartered Bank has recently received GOGREEN certificate from DHL for using its environment-friendly GOGREEN product. SCB is the first company to receive this kind of certificate from DHL in Bangladesh, said a press release on Monday.
GP customers get chance to win smartphones
Grameenphone has recently launched a campaign to encourage its customers to talk more to win smartphones of different models and brands. Winners of the campaign can win Samsung Galaxy S4, Sony Xperia Z, Samsung Galaxy Grand, Samsung Galaxy Note 2, Nokia Lumia 920 or Symphony W15,
Women set for football fiesta
The Group-B qualifying round of the AFC Women’s Asian Cup kicks off today in Dhaka with four teams, including hosts Bangladesh, vying for a place in the final round scheduled to be held sometime next year. The competition will get underway with a match
Tigers keep mum after closed-door meeting
The national cricketers, led by skipper Mushfiqur Rahim, were united to press for a few demands and held a closed-door meeting in one of the dressing rooms at the Sher-e-Bangla National Stadium on Monday. The Tigers intended to meet BCB president Nazmul Hasan
SAFF camp to begin on July 1
Bangladesh national football team will start their training for the SAFF Championship on July 1 and will have a non-stop conditioning camp for two-and-a-half months, it was decided on Monday. After a meeting of the national team’s committee, Tabith Awal, a vice-president of the Bangladesh Football Federation, confirmed the camp will be held
Super Cup fate hangs in balance
Bangladesh Football Federation president Kazi Salahuddin had an unofficial meeting with Sheikh Jamal Dhanmondi Club president Manzur Kader at the BFF premises on Sunday in his bid to persuade the Premier League clubs to participate in the Tk one crore Super Cup next month. The BFF chief, who returned to the country from Bahrain
Bangladesh whizkid aims big
When Bangladesh will go into the AFC Asian Cup qualifiers, all eyes will be on Monika Chakma, the youngest ever footballer, who broke into the national side at the age of 14. Midfielder Monika was selected for the national team after her superior performance in the AFC Under-14 Girls’ Regional Championship in Colombo in March
Niaz, Shirin lose in Manila
GM Niaz Murshed and national women’s chess champion Sharmin Sultana Shirin both lost their third round games in the Asian Continental Chess Championships now being held in Manila, the capital of the Philippines. In the third round games held on Monday, Niaz
Safiuddin Ahmed’s 1st death anniversary today
Today is the first death anniversary of painter Painter Safiuddin Ahmed (1922-2012), one of the pioneers of modern art movement in Bangladesh. Bengal Foundation has organised a commemoration programme marking the occasion. Eminent artists and art critics of the country will hold a discussion on life and works of Safiuddin Ahmed.
BSA’s nat’l Tagore contest ends
Bangladesh Shilpakala Academy has organised a national level contest in various categories for children and young adults on Friday to celebrate Rabindranath Tagore’s 152nd birth anniversary. This was followed by a discussion session and an award giving ceremony on Saturday at the National Music and Dance Center Hall of Bangladesh Shilpakala Academy, where the winners
Rafiqun Nabi receives Hamidur Rahman Award
Renowned artist Rafiqun Nabi received Hamidur Rahman Award 2013 on Saturday at the Bengal Foundation. Family members of the late Hamidur Rahman, the designer of the Central Shaheed Minar, introduced the award in 2007 in memory of the great artist. Each year an eminent artist of the country is honoured with this prestigious award. The ... Read more