Bars release of more than 50pc of total portfolio to a single product Bangladesh Bank on Wednesday said a non-bank financial institution could not release more than 50 per cent credit of their total portfolio to a single product. The BB issued a guideline to all NBFIs saying that the credit limit would be extended ... Read more
Month: July 2013
Stocks decline on profit-taking sales
Dhaka stocks declined on Wednesday after two sessions on the up on profit-taking sales. The benchmark general index of the Dhaka Stock Exchange, DSEX, lost 0.27 per cent, or 11.70 points, on the day to finish at 4,284.13 points while the old key index of the bourse, DGEN, shed 0.44 per cent, or 21.08 points, ... Read more
Sonali, BKB top BB list in June
The central bank received a total of 427 complaints in June 2013 against different banks from their unhappy clients, of which the highest 69 came against the state-owned Sonali Bank. The Bangladesh Bank in a release on Wednesday said the Customer Services Division of the central bank received these complaints through e-mail, fax, website,
Shamsul reappointed Premier Leasing MD
SM Shamsul Alam has been reappointed the managing director of Premier Leasing and Finance recently, said a press release. Before joining Premier Leasing in 2010, he was the deputy managing director of NCC Bank and Premier Bank.
DSE set to include 3 more cos in DSEX, replace 5 in DS30
The Dhaka Stock Exchange index committee has recommended including three new companies in its broad index, DSEX, and replacing five underperforming companies in the blue chip index, DS30. The decision of the committee will be effective from July 21, a DSE release said. The three companies that would be added to the DSEX
Hartals take toll on Eid shopping
City shopping malls are yet to start witnessing rush of Eid shoppers because of consecutive days of general strikes enforced by different groups. Most shop owners have expressed their dismay over their poor sales after the seventh Ramadan. The shop owners at many city shopping malls were seen
Spl control rooms to be set up at bus terminals before Eid: Obaidul
The communications minister, Obaidul Quader, on Wednesday said special control rooms would be set up in the city’s bus terminals ahead of Eid-ul-Fitr to ensure law and order and reduce sufferings of the homebound people. ‘The Ministry of Communications will remain alert
Barisal women stage demo against Shafi’s comment
A group of women in Barisal city on Wednesday formed a human chain protesting against Hefazat leader Shafi’s recent comment made on women. They also demanded his arrest and trial. The programme was organised by the alliance of NGOs
Canal recovery programme starts in Barisal city
The Barisal City Corporation authorities on Wednesday started drives to recover the navigability of the canals flowing in the city to save it from water-stagnation. Acting mayor Altaf Mahmud Shikdar, along with newly elected mayor Ahsan Habib Kamal and local lawmaker Mojibor Rahman Sarwar, inaugurated the programme
Women lay siege to Titas office in N’ganj
The women leaders of Amra Narayanganjbashi, a citizens’ forum, laid siege to the Titas gas office at BB Road in the Narayanganj town Wednesday afternoon, demanding adequate supply of gas. They formed a human chain in front of the office with kerosene and earthen stoves saying that if the authorities would fail to ensure the ... Read more
2 killed in capital
Two people were killed in two accidents in the capital on Wednesday. The deceased were identified as Alauddin Alal, 60, a rickshaw puller, from Tarakanda of Mymensingh, and Abdul Kader, 28, a cotton mill worker and son of Ismail Miah, from Nagarpur of Tangail. Witnesses said Alal was crushed under a bus in
Minority students protest at 34th BCS reviewed results
National minority students of Rajshahi on Wednesday protested at the 34th BCS preliminary exam review results published on July 14 and demanded a review of the re-evaluated results. They said the PSC excluded at least 280 candidates in the reviewed results who were on the first list of successful ones. The revised list, which came ... Read more
Demand for banning Jamaat-e-Islami
Country’s prominent politicians, academics and intellectuals have unanimously expressed the view that Jamaat-e-Islami should be banned following the ICT verdict on Monday that it is a criminal organisation. The ICT in its judgement in Ghulam Azam’s case said, “In the interest of establishing a democratic as well as non-communal Bangladesh, no such anti-liberation
Seven killed in Ashulia bus accident
At least seven people were killed and about 30 others missing, when two vehicles collided with each other, and one of them tumbled into a nearby river in Ashulia, on Tuesday morning. Seven bodies had been recovered until 4 pm, Ashulia Police Station officer-in-charge, Sheikh Badrul Alam, told The Independent.Two of deceased were identified as ... Read more
War Crimes trial: Mojahid’s verdict today
The International Crimes Tribunal-2 is set to deliver its 4th verdict on the war crimes charges against Jamaat-e-Islami secretary general Ali Ahsan Muhammad Mojahid. The two-member tribunal led by Justice Obaidul Hassan, on Tuesday said the judgement on the war crimes charges against the detained Jamaat leader Muhammad Mojahid, would be declared on
4 killed during Jamaat hartal
At least four persons, including a minor girl, were killed, and more than 100 others injured in the capital, and elsewhere in the country, on Tuesday, during a hartal called by Jamaat-e-Islami. The Jamaat has called another nationwide dawn-to-dusk strike on Wednesday, in protest against the war crimes verdict against its secretary-general, Ali Ahsan Mohammed ... Read more
Amended labour law falls short of world standard: HRW
Amendments to Bangladesh’s labour law mark some improvements, but still fall far short of protecting workers’ rights and at meeting international standards, Human Rights Watch (HRW), the New York-based global rights body, said late on Monday. Amid domestic and international pressure, Parliament had enacted changes to the Labour Act, on Monday. Bangladesh’s
GSP a privilege, not a right: US envoy
The US Ambassador to Dhaka, Dan Mozena, said on Tuesday that GSP benefits are a privilege and not a right. These privileges are linked to certain conditions, including respect for essential worker rights. He made the remarks while replying to queries about Bangladesh’s apparel sector during an online chat on Facebook, a popular social network.
Mancha to stage sit-in until Mojahid verdict
Leaders of Ganajagaran Mancha on Tuesday vowed to continue their gathering at Shahbagh Chattar in the capital until the announcement of verdict by the International War Crimes Tribunal-2 (ICT-2) against war crimes accused Jamaat Secretary General Ali Ahsan Muhammad Mojahid. “Our sit-in will continue until the announcement of judgment against Mojahid. After the
PM happy with Ghulam Azam verdict
Prime Minister Sheikh Hasina on Tuesday told Parliament that she was “satisfied” with the verdict in the war crimes case against former Jamaat chief, Prof. Ghulam Azam. The International Crimes Tribunal-1 (ICT) on Monday sentenced Ghulam Azam to 90 years in prison for his involvement in crimes against humanity during