Bangladesh Small Industries and Commerce Bank’s Jhenaidah branch started functioning in Jhenaidah on Saturday, said a press release. BASIC bank chairman Sheikh Abdul Hye Bacchu inaugurated the 66th branch of the bank. The inauguration programme was presided over by the bank’s managing director Kazi Faqurul Islam. The bank’s general manager
Month: December 2013
Pragati Life gets new AMD
MM Monirul Alam has recently been promoted as additional managing director of Pragati Life Insurance Company, said a press release. Prior to his new assignment, he served the company as deputy managing director and group and reinsurance department head. After completing MS in statistics with Honours from
SUST given 30hrs to scrap joint intake test
Sachetan Sylhetbasi, a platform of a section of Sylhet people, on Sunday issued a 30-hour ultimatum to Shahjalal University of Science and Technology authorities to cancel the joint intake test process of the university with Jessore University of Science and Technology. The forum leaders declared that they would observe a sit-in in front of the SUST
Emergency exercise held at HSIA
The full-scale emergency exercise took place at Hazrat Shahjalal International Airport in Dhaka on Sunday to meet the requirements set by the International Civil Aviation Organisation, officials have said. Civil Aviation Authority Bangladesh hosted the ‘two-yearly’ airport emergency exercise 2013 in coordination with other agencies including fire service
Mitsubishi places formal scheme for assembling sedan car in B’desh
Estimates price at Tk 18 lakh Japanese automobile giant Mitsubishi Motors Ltd has recently placed a formal proposal to the Bangladesh Steel and Engineering Corporation for assembling sedan car in Bangladesh as soon as possible in a bid to catch the market through supplying the motor vehicle at affordable price, officials concerned said. In the proposal ... Read more
Australia’s Kmart, Target to limit RMG buying in B’desh
KMART and Target owner Wesfarmers has dropped some of its suppliers in Bangladesh following the garment factory collapse in that country in April, says director Diane Smith-Gander, reports The Australian newspaper. ‘They’ve made some decisions not to continue to source in particular markets where they couldn’t be comfortable the building codes were
Five new banks become PDs of govt securities
Five newly-established commercial banks on Sunday got listed with the central bank as primary dealers of the government securities, said officials of the Bangladesh Bank. The five banks are NRB Commercial Bank, South Bangla Agriculture and Commerce Bank, Midland Bank, Farmers Bank and Meghna Bank.
NBFI can collect term deposits for 3-month tenure
Bangladesh Bank on Sunday said that non-bank financial institutions would be able to collect term deposits from clients and institutions for three-month tenure instead of exiting six-month. To this end, the BB issued a circular to managing directors and chief executive officers of all NBFIs saying that from now on they were able to
Application deadline for stock scheme extended to Dec 15
Affected Investors Application deadline for stock scheme extended to Dec 15 The supervision committee for the Tk 900-crore government refinance scheme for the small-scale investors affected by the 2010-11 stock market crash has decided to extend the deadline for receiving applications from merchant banks and brokerage houses to December 15. The five-member committee made the ... Read more
Political unrest hits stocks hard
DSEX falls for 4th day amid low turnover Dhaka stocks decreased for the fourth trading session on Sunday with a decreased turnover as the current political violence made the investors panicky. The benchmark general index of Dhaka Stock Exchange, DSEX, dropped to 4,147.20 points, shedding 1.97 per cent or 83.51 points. DS30,
DSE’s Nov foreign investment up17pc
Net foreign investment at the Dhaka Stock Exchange increased by 17 per cent in November compared with that in the previous month as lucrative share prices lured overseas investors. The investment stood at Tk 276.72 crore in November as overseas investors bought shares worth Tk 342.44 crore and sold shares worth Tk 65.71
Rly sabotage marks blockade
250 injured as train derails in Comilla after fishplates removed Buses were burnt and railway lines sabotaged as clashes between demonstrators and the police were reported from different places across the country on Sunday, the second day of the fresh spell of rail-road-waterway blockade enforced by the opposition parties. The blockade virtually snapped communications
UN rights chief slams political leaders for death in violence
The UN High Commissioner for Human Rights Navi Pillay has warned politicians in Bangladesh that they risk facing prosecution at the International Criminal Court based in the Hague for election time violence. In a statement issued on Sunday, Pillary pointed out that Bangladesh is a State Party to the Rome Statute of the International Criminal Court.
EU to support only credible and inclusive elections
The European Union’s ambassador to Bangladesh William Hanna on Sunday said that the EU had not yet decided whether it would deploy observers to monitor the forthcoming 10th parliamentary polls scheduled for January 5. After meeting the chief election commissioner, Kazi Rakibuddin Ahmad, at the EC secretariat, the ambassador said that the
No change in nomination filing deadline:EC
The possibility of the opposition’s joining the polls under the existing schedule has become almost nil with the Chief Election Commissioner (CEC) Kazi Rakibuddin Ahmed announcing on Sunday that the deadline for filing nomination forms for the next general elections would not be extended. “The December 2 deadline for submission of nomination forms
Economy bearing the brunt of political turmoil: Businesses
Trade bodies urge political parties to shun violence The business community on Sunday urged both the Awami League and the BNP to refrain from acts of violence in the greater interest of the country. “No one has the right to destroy the industry,” said FBCCI president Kazi Akram Uddin Ahmed said at a press conference ... Read more
Supply chain strained
Vegetable farmers badly affected Vegetable farmers who send their produces to Dhaka and other cities from outlying areas have been badly affected by the opposition’s blockade programmes which have gone on since November 26 for six days with a day’s break. Farmers from districts such as Narsingdi, Munshiganj, Rajshahi, Bogra, Gazipur, Manikganj and Jessore said that ... Read more
Senior BNP leaders sued for Malibagh bus attack
Law enforcers have filed a murder case against 15 leaders of main opposition Bangladesh Nationalist Party (BNP) led 18 party alliances, including BNP acting secretary general Mirza Fakhrul Islam Alamgir, for Saturday night bus attack that left a man dead and three others injured. Pro-blockade activists numbering 15 to 20 hurled crude bombs on a ... Read more
PM accuses Khaleda of ‘mass killing’
Referring to the killing of people in arson attacks on passenger buses as “mass killing”, Prime Minister Sheikh Hasina yesterday said BNP Chairperson Khaleda Zia was involved in the crime. The prime minister came up with the remarks while talking to reporters after visiting the burn victims at Burn and Plastic Surgery Unit of the
Step down to end crisis, BNP tells PM
The BNP-led 18-party alliance has renewed its call for immediate step-down of Prime Minister Sheikh Hasina to end the country’s ongoing political crisis over the non-party poll-time administration. “The government is unleashing repression and oppression on opposition supporters and is implicating them with politically motivated charges. Despite this, our