Demutualisation scheme made public The Dhaka Stock Exchange on Thursday made public the demutualisation scheme as per which the DSE will keep 60 per cent of its member-brokers’ shares in a block account until it goes for an initial public offering. Under the scheme, 250 member-brokers of the DSE, who will turn into shareholders of ... Read more
Month: October 2013
FBCCI wants ports, custom offices open during Eid, Puja holidays
The Federation of Bangladesh Chambers of Commerce and Industry on Thursday demanded for keeping sea ports, land ports and customs offices open on a limited scale during coming vacation of Eid-ul-Azha and Durga Puja. In a press release, the country’s apex trade body said that the ports and custom offices should be kept open during government ... Read more
Sri Lanka stresses FTA with Bangladesh
Sri Lankan High Commissioner to Bangladesh WA Sarath K Weragoda on Thursday emphasized on signing free trade agreement with Bangladesh to derive mutual benefits through boosting trade and commercial activities. If FTA is signed, Sri Lanka can import jute from Bangladesh for its booming jute industry and Bangladeshi investors can also go to Sri Lanka for
Dhaka stocks back in red
Dhaka stocks finished in the red on Thursday, just after a session on the up, while the turnover plummeted, reflecting the investors’ lack of confidence in the market. The turnover of the bourse declined to Tk 264.65 crore from the previous trading session’s Tk 286.63 crore while the benchmark general index of Dhaka Stock
Banks to keep open land port branches every day before Puja, Eid
Onion Import From India Banks to keep open land port branches every day before Puja, Eid The Bangladesh Bank on Thursday asked the scheduled banks to keep open their branches located at the land ports along the border between Bangladesh and India in weekly holidays before Eid-ul-Azha and Durga Puja to facilitate uninterrupted onion import ... Read more
Tanners ‘ready’ to shift Hazaribagh units to Savar
Bangladesh Finished Leather, Leather Goods and Footwear Exporters’ Association plans to sign an agreement soon with the Bangladesh Small and Cottage Industries Corporation as part of the shifting process of Hazaribagh’s tannery industries to Savar. Newly elected president of the association M Abu Taher said this at a function in connection with inauguration
Salauddin Lavlu with ‘Jamai Pagol’ in Eid-ul-Azha
In last Eid-ul-Fitr, Salauddin Lavlu directed and Kazi Shahedul Islam scripted Eid drama serial “Jamai Ador” was aired on Banglavision. After airing this serial director Lavlu received huge response from the viewers. To keep the viewers’ requests, Salauddin Lavlu again made sequel of serial “Jamai Ador.” Title of this sequel is “Jamai Pagol.” All the ... Read more
Documentary depicts Tagore’s life
The kaleidoscopic life of Nobel laureate Rabindranath Tagore has been illustrated in a documentary film screened at the auditorium of National Art Gallery of Bangladesh Shilkpakala Academy on Tuesday. The 95-minute documentary film titled Rabindranath Thakur: Jibon O Samay has been directed by Indian filmmaker Mujibar Rahman. The film portrays the
Towfiq relates art with life
The relation between life and art has been depicted in Towfiqur Rahman’s iron sculptures on display at the Gallery Shilpangan in Dhanmondi. The artist’s fourth solo exhibition titled ‘Connecting Art, Life & Living’ displays the fruit of the concept of ‘art, life, process’ on which the artist had been working for last few years. The ... Read more
Eric Ershad presents Tagore songs
Jatiya Party chairman Hussain Muhammad Ershad’s son Eric Ershad presented Tagore’s songs from his second Tagore music album Alo mar Alo that was launched on Tuesday at the Muktijudhha Smriti Auditorium of Institute of Diploma Engineers in Kakrail. Ekushey Padak winning Tagore singer Kaderi Kibria was present at the album launching ceremony
Jalshiri organises cultural fest at JU
Jahangirnagar University based cultural organisation Jalshiri has organised a four-day cultural festival marking its 11th founding anniversary on the campus on Sunday. The cultural festival was inaugurated by the JU vice-chancellor Professor Anwar Hossain as the chief guest followed by a colorful procession on the campus.
First YouTube Music Awards today
Pop singer Lady Gaga and rapper Eminem will be headline performers at the first YouTube Music Awards, the Google Inc-owned online video steaming site said on Tuesday. Today’s award show in New York, which will be live-streamed, honors the top songs and artists that were viewed on the website in the past year. Nominees will ... Read more
Pre-polls tension may bring down GDP growth to 5.8pc
Warns ADB in Asian Development Outlook Update The Asian Development Bank on Wednesday projected that Bangladesh’s economic growth would decline further to 5.8 per cent in the current fiscal year, 0.2 percentage point lower than its earlier projection, due mainly to political tension ahead of next general elections. Lower growth in export and slower investment
Remittance inflow drops in Sept
The inflow of remittance decreased by 12.95 per cent in September this year compared with that of the corresponding month in last year, belying the usual trend of a rise in the inflow ahead of Eid festivals. Bangladesh Bank officials told New Age on Wednesday that it was a negative sign for the country’s macroeconomic ... Read more
Confusion over DSE interim board size
Demutualisation Implementation Confusion over DSE interim board size Confusion over the size of the ‘interim board’ of Dhaka Stock Exchange during the demutualisation process has been surfaced as the bourse board on Wednesday decided to keep the existing 24 directors in the ‘interim board’ while the market regulators’ said that the size would be 13. ... Read more
Mobile phone subscribers near 11 crore
24 lakh new users added in Aug ahead of 3G launch The number of subscribers of the country’s mobile phone companies neared 11 crore in August as the operators added more than 24 lakh new subscribers in the month. The figure reached 10.93 crore in August as the upward trend in the SIM sales since ... Read more
Banks asked to keep open RMG-related branches on Oct 12
The Bangladesh Bank has asked the scheduled banks to keep open their branches which deal with the garment industries on October 12, a public holiday, so that the owners of the units can pay salaries, wages and festival bonuses for Eid-ul-Azha and Durga Puja to their workers and employees through the branches. To this end, ... Read more
Banks asked to remain alert against fake currency notes
Eid-Ul-Azha Banks asked to remain alert against fake currency notes Bangladesh Bank on Wednesday asked scheduled banks to take necessary measures against fake currency notes so that the counterfeiters cannot run the illegal operations ahead of Eid-ul-Azha. The BB issued a letter to managing directors and chief executive officers of all commercial banks asking them ... Read more
Stocks return to positive zone
Dhaka stocks advanced on Wednesday after three sessions thanks to active participation of the institutional investors who were busy buying shares on the cheap. The benchmark general index of Dhaka Stock Exchange, DSEX, finished at 3,954.48 points, adding 0.66 per cent or 26 points. DS30, the blue-chip
BFICL rights share offer okayed
The Bangladesh Securities and Exchange Commission on Wednesday approved the rights share offer of Bangladesh Finance and Investment Company Limited at face value of Tk 10. The capital market regulator issued the approval in a regular commission meeting presided over by its chairman M Khairul Hossain, a BSEC