Month: June 2013

47 banks have only 9-19.85pc female staff in different positions The country’s 47 scheduled banks had only 9 per cent to 19.85 per cent female staff in different positions as of December 31, 2012, according to the latest Bangladesh Bank data. BB officials told New Age on Monday that the indicator of female staff in ... Read more

Govt to amend Bank Deposit Insurance Act The government is going to amend the Bank Deposit Insurance Act 2000 to bring non-bank financial institutions under the deposit insurance scheme in a bid to give more protection to the depositors against any kind of vulnerabilities in the financial institutions, said officials of Bangladesh Bank. The government ... Read more

Bangladesh Economic Association on Monday said implementation of the budget proposed for the fiscal year 2013-2014 depends on effective handling of 14 issues that include giving a boost to foreign and private sector investment and bringing pace in ADP implementation with quality. The economic think thank, however, said the ultimate

The Bangladesh Telecommunication Regulatory Commission has decided to go tough against the cyber café owners who are yet to acquire licences from the commission. The commission will also take action against the internet service providers who are selling bandwidth to the illegal cyber cafés.

The Bangladesh Bank on Monday gave its final approval to the proposed NRB Global Bank for getting banking licence. ‘The BB has given the approval at its board meeting after hearing the business plans presented by the proposed bank,’ a BB official who attended the meeting

The Board of Directors of ONE Bank has reelected Sayeed H Chowdhury as its chairman for another one-year with effect from June 13. The Board has also reelected Asoke Das Gupta as its vice-chairman and Zahur Ullah as its chairman of the executive committee, said a press release.

Dhaka stocks ended negative on Monday after a sharp rise in the previous trading session with an increased turnover because of profit-taking sales by investors. The benchmark general index of Dhaka Stock Exchange, DSEX, declined by 0.33 per cent, or 13.97 points, to close at 4,165.70 points.

The National Board of Revenue is going to launch a web-based customs procedure at the Chittagong Customs House on July 1 to end hassle for exporters and importers, reduce transaction cost and time in the international trades and check duty evasion, NBR officials said. To this effect, the NBR will introduce ASYCUDA World,

Dhaka Chamber of Commerce and Industry on Monday organised a motivational workshop and grooming session for potential entrepreneurs to provide them with the basic knowledge of business enterprise. More than 230 potential entrepreneurs attended

Johnson & Johnson said on Monday that it would buy Aragon Pharmaceuticals, a private company that is running a mid-stage clinical trial for a prostate cancer drug, for $650 million (413 million pounds) in cash upfront and a possible second payment of $350 million if it meets certain milestones, reports Reuters.

MA Hashem has unanimously been elected the chairman of United Commercial Bank at an emergency board meeting of the bank recently, said a press release. A former lawmaker and one of the founder directors of UCB, Hashem is also the chairman of Partex Group and the North South University Foundation. 

Over 300 investors, fund managers, multinational company executives participated in the inaugural Bangladesh Investment Summit held in London last week. The conference was organised by FinanceAsia and AsianInvestor at Grosvenor House, Park Lane with a view to attracting European investors.