Diploma engineers on Wednesday formed a human chain in Sylhet to push for their demand for removal of disparity between their salaries, promotions and other facilities and those of graduate engineers. Diploma engineers working with different government
Month: May 2013
Slumping import pushes down July-Mar trade deficit to $4.86b
The country’s trade deficit declined to $4.86 billion in the first nine months of the financial year 2012-13 from $6.75 billion recorded in the corresponding period of the FY 2011-12. The trade deficit declined by 27.98 per cent in July-March of the FY 13 on year-on-year basis due mainly to negative import growth, said Bangladesh ... Read more
Govt borrowing from scheduled banks soars
The government borrowing from the scheduled banks increased significantly in the first 10 months of the current fiscal year as the banks are investing their idle fund in government securities. The overall borrowing from the banking source, however, decreased in the period. According to the latest BB data released on Tuesday,
Walmart won’t sign RMG sector accord
It will inspect all factories in the country US retailer Walmart said on Tuesday it did not plan to sign a Bangladesh fire and building safety accord drawn up by labour groups because it believed its current safety plans would get faster results, reports Reuters. While AFP said the retail giant would conduct in-depth
BTRC to form central monitoring unit to curb illegal VoIP business
Bangladesh Telecommunication Regulatory Commission will establish a central monitoring unit to analyse international calls for curbing illegal voice over internet protocol business. The new unit will have latest software with fraud detection system and measurement of revenue losses by analysing routes and call traffic variation.
Bangladesh accord to cost global retailers only $2.5m each
At least 24 retailers, including Hennes & Mauritz and Inditex, each have agreed to contribute as much as $2.5 million over five years toward the cost of improving fire and building safety in Bangladesh, reports Bloomberg. The companies, also including Marks & Spencer Group,
Demutualisation Act comes into effect
The gazette notification of the much-talked about Demutualisation Act-2013 that will separate the bourses’ management from the ownership was published on Wednesday, said Bangladesh Securities and Exchange Commission officials. The BSEC got the gazette notification of the act, which was
Dhaka stocks decline on strike call
Dhaka stocks declined on Wednesday after gains in straight four trading sessions as the BNP-led 18 party on the day called for a nationwide strike on Sunday that disheartened the investors. The key index of Dhaka Stock Exchange, DSEX, shaded by 1.46 per cent, to close at 3,715.93 points on the day.
Data not to be used for tax calculation: minister
Planning minister AK Khandker on Wednesday said utmost confidentiality would be maintained in preserving the ongoing economic census data, which would never be used for tax calculation. ‘The main objective of the economic census is betterment and improvement of the organisations involved in economic activities in the country,’ he told
ONGC eyes Bangladesh power, fertiliser plants
After bagging two shallow water gas blocks in Bangladesh, ONGC Videsh has said it was open to investing in power, petrochemical and fertiliser plants in that country, reports Indian newspaper the Business Standard. For the foreign investment arm of state-run ONGC this will be
Halal meat BB eases further cash incentive receipt process for exporters
Bangladesh Bank on Wednesday said halal meat exporters would get cash incentive for their income received through advanced telegraphic transfer against letters of credit and agreement. The halal meat exporters were earlier receiving their cash incentive against export only by showing that they received export earning through LCs.
Sonali Bank, Indian Polaris launch JV for banking solution
The state-owned Sonali Bank and Indian financial technology service provider PolarisFT on Wednesday launched a joint venture company to provide banking solutions in Bangladesh. The new company, Sonali Polaris FT Limited, will provide various banking solution to Sonali Bank and others banks of the country.
DPL sans Sakib, Tamim, Nasir
The forthcoming Dhaka Premier League that was delayed due to the non-participation of the national cricketers is set to lose some of its attraction as three major national stars in Sakib al Hasan, Tamim Iqbal and Nasir Hossain will be unavailable. All-rounder Sakib al Hasan is expected to join English
Much-vaunted Super Cup in June
The Bangladesh Football Federation are now planning to hold the Tk 1 crore Super Cup in June, BFF president Kazi Salahuddin informed on Wednesday after officially postponing the national team’s tour of the UK. The third edition of the Super Cup will take place without
Proper care can reduce pacers injury: Mashrafee
The dearth in Bangladesh’s pace bowling department due to a prevailing injury crisis can be overcome through the work of the coaching management of the Bangladesh Cricket Board, said Mashrafee bin Murtaza on Wednesday. Bangladesh returned home from Zimbabwe without any
Bansal might be next hockey coach
The Bangladesh national hockey team might be preparing themselves for the forthcoming Asia Cup under legendary Indian coach Ajay Kumar Bansal, it was informed by Khawaja Rahamatullah, general secretary of the Bangladesh Hockey Federation, on Wednesday. The BHF was searching extensively for a foreign coach
Crowds the main attraction
The AFC Women’s Asia Cup Group-B qualifiers will start at the Bangabandhu National Stadium from May 21 and the Bangladesh Football Federation is preparing to advertise the upcoming competition to bring back the crowds of the yesteryears. In order to attract fans to the stadium, the BFF is planning to start
Hockey players boycott league
The hockey players decided to boycott the domestic leagues league including the national team’s training camp unless they get an assurance from the Bangladesh Hockey Federation about the time frame of the transfer window. The decision was made at a meeting of the players at the
Who cares about the missing and their kin?
Although the rescue operation at the Rana Plaza tragedy site officially ended on Monday with a firm claim by army officials that no dead body is left there, the relatives of the missing garment workers are still hanging around for the remains of their near and dear ones. “I’m here in search of my missing ... Read more
Storm closing in on Ctg, C’Bazar coasts
The government has already made all preparations and has taken precautionary measures to face Cyclone ‘Mahasen’, which is likely to hit the south-eastern coast of Bangladesh on Wednesday night, announced disaster management and relief minister Abul Hassan Mahmud Ali on Tuesday. “At least 50,000 trained volunteers have been kept ready