The government is in favour of signing a preferential trade agreement with Indian Ocean rim countries as such a deal may bring positive outcome for Bangladesh in future, commerce ministry officials said. Quoting a study report on possibility of forming PTA among the countries of the Indian Ocean Rim-Association for Regional Cooperation conducted
Month: August 2013
NBR to intensify surveillance on company purchase
Vat Collection NBR to intensify surveillance on company purchase The National Board of Revenue is going to intensify its surveillance on procurement of public and private limited companies to ensure collection of value added tax on their purchases, officials of the NBR said. The revenue board has already asked its field offices to prepare separate ... Read more
BB to ask banks to launch 2-step authentication process
Credit Card Use For Online Transactions BB to ask banks to launch 2-step authentication process The Bangladesh Bank is going to make mandatory for the scheduled banks to introduce two-step authentication process for the use of credit cards for online transaction in a bid to tackle fraudulence. The BB will issue a circular next week ... Read more
Govt plans onion import thru TCB to check price hike
The government plans to import onions from Nepal and Myanmar through the Trading Corporation of Bangladesh aimed at checking the essential’s price, officials said on Thursday. In local markets, onions were sold at Tk 60-65 per kilogram on Wednesday. Prices of locally produced onions were Tk 48 last week while imported (Indian) Tk 44.
Furniture export cracks in July
The export earnings from furniture industry witnessed a 13.62-per cent negative growth in July, the first month of the current fiscal year, due to political unrest, industry people said. According to the Export Promotion Bureau data, the earnings from the furniture exports were $2.41 million in July of the current fiscal year 2013-14, 13.62 per ... Read more
10 mutual funds go for stock dividend after new rule
About 25 per cent of the listed mutual funds have availed the opportunity of issuing stock dividends for re-investment to their unit holders, but poor dividends announced by them have dejected the investors as most of the units had lost prices in recent times. A mutual fund is a type of professionally managed collective
Syed Waliullah
Giving a new shape to Bangla literature Ground-breaking novelist, short story writer and playwright, Syed Waliullah, was born in 1922 at Sholashahar in Chittagong. Today marks his 91st birth anniversary. After graduating with distinction from Anandamohan College in Mymensingh in 1943, he enrolled at Calcutta University (now Kolkata University) for Masters in Economics, but was ... Read more
Tareque, Mishuk remembered
Internationally acclaimed filmmaker Tareque Masud and cinematographer Mishuk Munier were remembered through lighting candles by film and cultural personalities on Tuesday. Moviana Film Society arranged the programme in the evening in front of the Bangladesh National Museum. Two other commemorative programmes
Apurbo talks about his romantic image
Model turned actor Apurbo will perform today in the Eid special teleplay titled Nirbak Bhalobasha, written and directed by Badruzzaman Shubho, which will be aired on Maasranga Television at 10:30pm today. This is one of the 15 teleplays that Apurbo, who has attained immense popularity as a romantic hero in small screen, acted during the ... Read more
Import drops to $32.35b in FY13 on dull business
The country’s import bill payment registered a negative growth of 7.06 per cent in the fiscal year 2012-13 compared with that of an 8.96-per cent growth in the FY 2011-12 because of decreased import of capital machinery, industrial raw materials and food grains. According to the Bangladesh Bank data released on Wednesday,
Local shrimp exporters upbeat as US raises import duties on 5 countries
Bangladeshi shrimp exporters on Wednesday expressed hope that they would be benefited because of imposition of additional duties on shrimp import by the US traders from four Asian countries, including India and Vietnam, and South American country Ecuador. Bangladeshi exporters would be able to increase its export
BTRC likely to modify 3G auction process again
The Bangladesh Telecommunication Regulatory Commission is likely to modify the 3G auction process, bowing down further to the demand of the mobile phone operators, said BTRC officials. They said the operators were lobbying with the commission high-ups to turn things into their favour including elimination of phased auction
Export allowed with forms, shipping bills
Bangladesh Bank has asked the scheduled banks to let businesses to allow export of their products by submitting export forms and shipping bills if they do not have letters of credit. To this end, the BB issued a circular to the banks’ head office or principle office of all authorised dealer branches on Tuesday after ... Read more
Only 1.47 lakh of 97 lakh farmer bank accounts active in Apr-June
Bangladesh Bank’s financial inclusion policy has yet to get momentum as the number of inactive farmer accounts which were opened with a Tk-10 initial deposit increased notably in the last quarter of the just concluded financial year on year-on-year basis, said officials of the central bank. According to latest BB data, the number of the ... Read more
Stocks end flat amid volatile trading
Dhaka stocks ended flat on Wednesday, the last trading session of the week, amid volatile trading as political clashes panicked the investors. The benchmark general index of the Dhaka Stock Exchange, DSEX, finished at 3,983.46 points, adding just 4.11 points, or 0.10 per cent.
Tk 187cr BSCIC Printing Estate deal signed
The government has embarked upon a plan to set up a ‘BSCIC Printing Estate’ outlaying Tk 187 crore at Barbarta under Sirajdikhan upazila of Munshiganj district, according to the Ministry of Industries. The estate, first of its kind, would have 419 industrial plots and create 17,000 job opportunities during the project period of four years.
Import Bangladeshi products
Prime minister urges new Brazilian envoy Prime Minister Sheikh Hasina yesterday urged Brazil to import “world-class” Bangladeshi products like jute, ready-made garments, leather and leather goods, ceramic and pharmaceuticals. The prime minister made the call when newly appointed Brazilian Ambassador to Bangladesh Wanja Campos da Nobrega met her at her office.
DoE clearance for Rampal power plants protested
Two organisations yesterday protested the Department of Environment (DoE) approval to set up coal-based thermal power plants in Rampal upazila near the Sundarbans. Save the Sundarban Foundation, and Bagerhat Development Society organised a press conference at Bagerhat Press Club in this regard.
Ctg footpaths remain occupied by vendors
Footpaths in the Chittagong city remain occupied by makeshift shops, causing serious trouble to the pedestrians. The Chittagong City Corporation had taken an initiative before Eid-ul-Fitr to clear the city footpaths and rehabilitate the occupants elsewhere but the plan seems to have failed, with the footpaths still occupied by the vendors. Because of the footpath ... Read more
Urban population to be 9cr by 2030: Nanak
More than nine crore people will live in the country’s urban areas by 2030, said state minister for local government and engineering department Jahangir Kabir Nanak on Wednesday. ‘At present, around five crore people live in the country’s urban areas. Urban population is increasing rapidly with the rising economic growth