The police recovered a decomposed body from a place opposite to KDS garment at Oxygen area of Baijid police station in the Chittagong city Thursday morning. Baijid police station subinspector Saiful Islam said that they recovered the body at around 11:00am as the residents of that area informed the police
Month: August 2013
DEMU train inaugurated in Joydevpur
Joydevpur-dhaka Route DEMU train inaugurated in Joydevpur Railway Minister Mujibul Haque yesterday inaugurated a commuter train known as Diesel Electric Multiple Unit (DEMU) at Joydevpur railway junction. Addressing the inauguration ceremony as the chief guest, Mujibul Haque said the present government has made significant changes in the railway sector
Out of control
House rent in Dhaka going up by about 15pc every year; owners arbitrary for lack of proper law, specific authority Capital Dhaka is home to some 150 million people. One study shows nearly 80 percent of them live in rented houses, and they do so, as it looks, at the mercy of the house owners. ... Read more
RMG sector sub-contracting system launch at snail’s pace
EPB yet to submit drafts in five months The government’s initiative to introduce a transparent and accountable sub-contracting system in the readymade garment sector has made little headway in the last five months as the Export Promotion Bureau is yet to submit its draft proposals despite repeated reminders. After the Tazreen Fashions fire in November ... Read more
BGMEA seeks Tk 720cr BB loan at low interest rate
Relocating RMG Factories BGMEA seeks Tk 720cr BB loan at low interest rate Bangladesh Garment Manufacturers and Exporters Association on Thursday urged the Bangladesh Bank to grant garment owners loans worth Tk 720 crore at a low interest rate so that they could relocate their factories at the garment economic zone at Gazaria in Munshiganj. ... Read more
No resident Bangladeshis allowed to buy apartment aboard: BB
Ad on UAE Flat Sales No resident Bangladeshis allowed to buy apartment aboard: BB The Bangladesh Bank on Thursday said resident Bangladeshis have no scope to purchase flat or apartment in foreign countries by transferring fund from the country as per rules of Foreign Exchange Regulation Act 1947. Advertisements are being published in well-reputed newspapers, ... Read more
Ministry team to visit Myanmar to study onion import option
A commerce ministry team is likely to go to Myanmar in the next week to study the feasibility of onion import from the country amid price spiral of the item in the domestic market. The team will explore the import possibility of essential commodities including onion in an aim to keep the price of the ... Read more
Regulators overturn order on Appollo Ispat IPO suspension
The Bangladesh Securities and Exchange Commission on Thursday withdrew suspension order on the Tk 220-crore initial public offering of the controversial Appollo Ispat Complex Limited. The BSEC had suspended the IPO of the company in February this year following an intervention of finance minister AMA Muhith.
BB to release Tk 300cr 1st tranche Sunday
Stock Refinancing Scheme BB to release Tk 300cr 1st tranche Sunday Bangladesh Bank, Bangladesh Securities and Exchange Commission and Investment Corporation of Bangladesh on Thursday signed a memorandum of understanding to release Tk 900 crore refinancing scheme for stock investors. BB executive director SM Moniruzzaman, ICB managing director Md Fayekuzzaman and BSEC executive director Saifur ... Read more
Asset management firms seek tax benefits for 10yrs
Asset management companies in the country have sought tax privilege at reduced rate for 10 years from the National Board of Revenue, officials of the NBR said. In a recent application, Association of Asset Management Companies, led by state-owned Investment Corporation of Bangladesh, demanded the NBR
Dhaka stocks gain as turnover soars
Dhaka stocks gained on Thursday, the last trading session of the week, with an increased turnover riding on expectations that the government would soon release the first phase of the refinancing scheme for the affected small investors. The finance ministry on Monday approved the guideline to disburse loans worth Tk 900 crore among the affected ... Read more
BSEC fines 3 brokers
The Bangladesh Securities and Exchange Commission on Thursday fined three brokerage houses Tk 7 lakh for violating different securities related laws, said a BSEC release. The BSEC made the decision at a commission meeting presided over by its chairman M Khairul Hossain, the release said. The three companies
PM wants more investment from ICD
Prime minister Sheikh Hasina on Thursday said her government would encourage more investments in the infrastructure and private sector development in the country by the Islamic Corporation for Development of the Private Sector. The prime minister said this when visiting ICD chief executive
Nazmul finally says the obvious
Bangladesh Cricket Board president Nazmul Hasan on Thursday announced that he will contest the forthcoming BCB election, ending a long speculation over his position. Nazmul was openly leading a camp ahead of the election but had never publicly admitted his candidature, which kept his BCB colleagues somewhat restrained
Touring A team, U-23s hit new low
Bangladesh’s touring cricket sides continued to struggle on Thursday, as the Under-23 team suffered a shock defeat to the UAE in Singapore before the A team conceded 367 runs to their England counterparts in the second unofficial One-Day International. A spectacular batting collapse sent the Under-23s crashing
Corporate 5-a-side soccer begins today
The Ascent Corporate 5-A-Side Indoor Soccer Cup 2013 kicks off today at the STM Hall of Scholastica School’s Uttara campus, organisers confirmed at a press conference on Thursday. The tournament will feature 48 teams from different corporate houses in 16 groups, which were drawn randomly at the press conference in presence
Kruif mulls his SAFF options
With eight days remaining the SAFF Championship national team head coach Lodewijk De Kruif is still undecided about his 20-member squad as he keep on experimenting with his options. Kruif picked midfielder Monayem Kham Raju on Thursday and axed two defenders – Kesto Kumar and Yamin Munna – before he lately added
Bangladesh thrashed by Pakistan in tune-up
The Bangladesh national hockey team suffered a 5-0 defeat against Pakistan in a practice match ahead of the Asia Cup in Malaysia on Thursday. Coach Naveed Alam was, however, happy with his team’s performance, as he was more concerned with the team combination and strategy than
Sakib eyes run in CPL semis
Sakib Al Hasan, the Bangladesh all-rounder, is disappointed with his batting form so far in the inaugural Caribbean Premier League but is glad to have contributed with the ball. Sakib’s franchise Barbados Tridents will take on Jamaica Tallawahs in the second semi-final in Port-of-Spain today. ‘I am a bit down about that (batting) but my ... Read more
Athletes leave Youth Games empty-handed
Bangladesh athletes will return empty-handed from the Asian Youth Games in Nanjing, China after taekwondo player Amirul Islam Mehedi failed to trouble his quarterfinal opponent, Alorani Anas of Jordan, in the 62kg category on Thursday. Mehedi was dominated by a score of 28-1 as Alorani booked