Month: December 2013

Political unrest hampers project works ADP implementation during July-November period of the current fiscal year stood at Tk 13,156 crore or 20 per cent of the total outlay earmarked in the budget, compared with 25 per cent utilised during the same period of the previous fiscal year. Political instability and capacity constraints in implementing development projects ... Read more

Deadline expires today The National Board of Revenue has decided not to extend the deadline for submission of income tax returns for the current fiscal year by individual taxpayers though it has got depressing response and has received around 8 lakh returns with one day left for the end of deadline today, officials said. Though the ... Read more

The ‘government-sponsored blockade’ hit the kitchen markets in the city and pushed up the prices of vegetables due to supply shortage as transportation remained suspended across the country for last four days. Traders said that they had completely failed to carry any goods including vegetables from southern or northern areas of country as transport stayed off ... Read more

Defaulted loans in the banking sector increased sharply in the last five years as the non-performing loans increased to 12.79 per cent of the total loans disbursed by banks as of September 30, 2013 from 10.79 per cent as of December 31, 2008, according to a BB news release. The release titled ‘2013 economy remained resilient ... Read more

Banks Stock Market Subsidiaries BB extends deadline by 1 more year to adjust loan limit Bangladesh Bank on Monday extended time by one more year for adjusting single borrower exposure limit by the commercial banks’ subsidiary brokerage houses and merchant banks. The BB issued a circular to managing directors and chief executive officers of all banks ... Read more

The Bangladesh Securities and Exchange Commission on Monday formed an inquiry committee against a company and its managing director for holding more than 10 per cent shares without declaration and against some investors for influencing share prices. The BSEC formed the committee as per

Exporters Association of Bangladesh has urged the government to pay cash incentive on a monthly basis instead of quarterly to overcome the adverse situation the exporters might face due to prolonged political unrest. Besides, EAB, a newly formed association of exporters, placed more than a dozen of other demands including lowering tax on export bills

Dhaka stocks advanced on Monday, the last trading session of the year, with an increased turnover as the central bank on the day allowed banks another year to adjust their capital market exposure above the allowable limit. The benchmark general index of Dhaka Stock Exchange, DSEX, increased to 4,266.55 points, adding 1.35 per cent or 56.85 ... Read more

Panasonic Corp and Japan’s other mid-tier camera makers have a battle on their hands to win over a smartphone ‘selfie’ generation to mirrorless cameras that held such promise when they were launched around five years ago, reports Reuters. Panasonic, like peers Fujifilm Holdings and Olympus Corp, has been losing money on its cameras since

Pan Pacific Sonargaon Hotel has taken a special programme to celebrate the 31st Night, the eve of New Year. There will be a savouring delicacy of food on the eve of New Year at all the restaurant outlets of the hotel, said a news release. The Chef’s Special 5-Course Dinner on the 31st Night in the premiere ... Read more