FUND FOR AFFECTED INVESTORS OCGA permits BB to release Tk 300cr The Office of Controller General of Accounts has given the Bangladesh Bank the permission to release Tk 300 crore, the first instalment of Tk 900 crore, of the Fund for the Affected Small-scale Investors. The OCGA issued the letter to BB on July 21. ... Read more
Month: July 2013
Glaxo to pay $229m to settle Avandia suits with 8 US states
GlaxoSmithKline has agreed to pay $229 million to settle lawsuits brought by eight US states related to improper marketing of its Avandia diabetes drug, Reuters reported on Wednesday quoting the British drugmaker. The company, in a regulatory filing, said the settlement
Jute growers fear huge losses
WATER SCARCITY Jute growers fear huge losses Jute growers are apprehending huge losses in the current fiscal year as they have been facing severe problems in rotting green jute due to shortage of water in many districts. Farmers and officials concerned said less rainfall, drying up of water bodies and shortage of upstream water in ... Read more
PayPal to launch by July: Muhith
The finance minister, AMA Muhith on Thursday hoped that PayPal, a global e-commerce business allowing payments and money transfers through the Internet, will be introduced in the country by the current month to facilitate those engaged in outsourcing. ‘I’ve already talked with the Bangladesh Bank governor
Lamy defends WTO, trade multilateralism in farewell speech
World Trade Organisation director-general Pascal Lamy defended the organisation and the trade multilateralism in his farewell speech to the General Council on Thursday. ‘Together, we have strengthened the WTO as the global trade body, as a major pillar of global economic governance,’ Lamy told members at his last General
BSEC asks DSE to submit report on MSA Plus by 7 days
Bangladesh Securities and Exchange Commission on Wednesday asked the Dhaka Stock Exchange to submit a report on the glitches in the bourse’s new trading software MSA plus. The regulator sent letters to the DSE president Ahsanul Islam and chief executive officer Sawpan Kumar Bala asking them to submit the report within seven days.
GP launches self money recharge service for users
Mobile phone operator Grameenphone on Thursday launched a self-service mobile recharge kiosk for its subscribers at Grameenphone Centre in the city’s Gulshan area. The service will allow GP users to recharge their mobile balance on their own through the loading machine at the kiosks. GP’s chief marketing officer, Allan Bonke said,
Court clears way for holding BCB election
The Appellate Division of the Supreme Court on Thursday allowed Bangladesh Cricket Board to hold its executive body election, which remained stalled following a High Court verdict. The apex court also took up for hearing the two leave-to-appeal petitions filed by the National Sports Council and the BCB challenging the HC verdict that declared
Nazmul says court order a good news
Bangladesh Cricket Board president Nazmul Hasan hailed the Supreme Court’s decision to allow the BCB to hold its election under a constitution amended by the National Sports Council, saying it saved the nation from an embarrassment. The Appellate Division of the Supreme Court on Thursday
FIFA WC trophy coming to Bangladesh in December
The nation’s football lovers will get the golden chance of witnessing the FIFA World Cup trophy once again as a replica of it will travel to Bangladesh in mid-December, confirmed the Bangladesh Football Federation on Thursday. The FIFA World Cup trophy earlier travelled to Bangladesh
TV deal in limbo for months
BCB CONSTITUTIONAL CRISIS AND EFFECTS (3) TV deal in limbo for months It has been eight months since the Bangladesh Cricket Board is being run by an ad hoc committee. A constitutional crisis that prevented the BCB from holding an election for months took a heavy toll on the organisation. The Appellate Division of Supreme ... Read more
U-16s lose to India, face Nepal in semis
The Under-16 national football team failed to finish atop group B in the Under-16 SAFF Football Championship as they lost to India 2-0 on Thursday at the Army Ground in Kathmandu, Nepal. With the defeat, Bangladesh find themselves facing hosts Nepal in the first semi-final on Saturday, while India meet Afghanistan in the second semi-final ... Read more
Thailand tour dates confirmed
The Football Association of Thailand on Thursday confirmed the dates for the Bangladesh national football team’s tour of Thailand, where the team will play two international friendlies against the hosts. `The team will leave on July 28 and return home on August 5. We expect to play two practice matches against the Thailand national team,’ ... Read more
I didn’t appoint Martino: Messi
Lionel Messi has rubbished suggestions he was behind Barcelona’s decision to hire Gerardo Martino as the club’s new coach, reports Goal.com. That has led to rumors the four-time Ballon d’Or winner had a strong influence in the club’s latest appointment, something he was quick to dismiss after Barca was
Teachers’ unrest at public univs raises concerns
The ongoing teachers’ movement at a number of public universities across the country is badly affecting the academic activities, raising concerns among many, including students. Teachers have waged movement accusing the incumbent vice-chancellors of being engaged in corruption, irregularities and nepotism at Jahangirnagar University,
Rony arrested after his bail is cancelled
Golam Maula Rony, the controversial ruling party lawmaker who mercilessly beat two journalists of The Independent TV on Saturday last, was arrested by the Police on Wednesday hours after a Dhaka Court cancelled his bail and issued an arrest warrant against him in connection with attempt to murder case. A team of detectives arrested Rony ... Read more
Independent consultant for Rooppur N-plant suggested
To ensure an impartial technical and economic viability assessment of the Rooppur Nuclear Power Project (RNPP), experts have recommend hiring an independent consultant, as the project is the first of its kind in the country. “As we do not have the experience to take any decision in this matter, on our own, we need to ... Read more
All parties will attend polls, hopes Ashraf
President issues 10-point directives to DCs; ministers talk to them LGRD minister Syed Ashraful Islam said on Wednesday that all political parties will attend the next general election and accept the results of the poll. “The present administration has already proved that elections can be held in a neutral manner, without army deployment. All local ... Read more
BNP wants politics of unity, not divisions, says Khaleda
BNP chairperson and leader of the opposition, Khaleda Zia, has urged the government to pave the path of politics of unity, shunning the way of blue print policy in the interest of holding of the next general elections in a peaceful manner. “We believe in the politics of unity, instead of separation. Time is still ... Read more
Dipu Moni flies to Delhi today
The issues relating to the ratification of Land Boundary Agreement and its additional protocol signed in 2011 and Teesta water sharing agreement will be high on the agenda during the discussions between the Indian leadership and Foreign Minister Dr Dipu Moni, who will leave the capital for New Delhi on Thursday morning on a three-day ... Read more