The government has identified some non-tariff barriers faced by local exporters in Saudi Arabia and is going to request the country to remove the NTBs to facilitate Bangladesh’s export, officials of the commerce ministry said. Bangladeshi exporters face NTBs as the country most of the time apply rigid and non-transparent non-tariff measures and changes those
Month: January 2014
BB raises SME loan disbursement target to Tk 88,753cr
Bangladesh Bank has set a Tk 88,753-crore SME loan disbursement target for 2014 which is 19.63 per cent higher than the target set for the previous year, said officials of the central bank. The BB had set annual SME loan disbursement target at Tk 74,187 crore for 2013 and Tk 59,012.78 crore for 2012. A BB ... Read more
Shahjibazar Power’s Tk 31.70cr IPO okayed
The Bangladesh Securities and Exchange Commission on Wednesday approved initial public offering of Shahjibazar Power Company Ltd with an offer price of Tk 25 each share including a premium Tk 15. The decision was taken at a regular commission meeting presided over by the BSEC chairman, M Khairul Hossain. A BSEC news release said Shahjibazar Power would
Reliance Brokerage fined Tk 10 lakh for violating margin loan rules
The Bangladesh Securities and Exchange Commission on Wednesday fined Reliance Brokerage Service Limited Tk 10 lakh for violating different margin loan-related securities rules. The decision was taken at a regular commission meeting presided over by the BSEC chairman, M Khairul Hossain. A BSEC news release said Reliance
Dhaka stocks gain for 6th day on easing political tension
Dhaka stocks continued to rise for the sixth trading session on Wednesday with the bourse’s key index reaching new high since its launch last year as investors became positive amid easing of the tensions on the political front, market operators said. They said an expectation that Bangladesh Bank would announce a relaxed monetary policy and an ... Read more
India denim makers face heat over Bangladesh strife
It’s a double whammy for denim fabric manufacturers in India. At home, they have landed in a payment crisis whereas political tension in Bangladesh has affected exports of denim fabric to the nation. India has a capacity to produce 1 billion metres of denim fabric per annum, The Economic Times reports from Kolkata. Talking to the ... Read more
University admissions in limbo
Academic life of students seeking admission to the public universities stands in limbo as many universities are yet to complete the admission process while 14 of them are yet to take admission tests. Rescheduling of admission tests for several times might prolong the academic life of the students concerned as well as impact adversely on ... Read more
Governance, law and order major challenges
Govt expresses intention to start dialogue with BNP Apart from absorbing the pressure from the international community for holding early elections, one of the government’s key priorities is to ensure good governance and law and order in a bid to have better electoral performance in the next election whenever it is held. Though the new ... Read more
Ershad mystery confuses party
The rank and file of the Jatiya Party (JP), especially grassroots activists of the party, are still not clear whether party chief HM Ershad has willingly joined the government or has been forced to do so. Though a section of JP leaders, including Rawshan Ershad, wife of the JP chief, claimed that Ershad was in ... Read more
18-party alliance plans fresh protests
BNP briefs foreign diplomats The BNP-led 18-party alliance is planning a fresh spell of anti-government campaigns for the sake of its political existence and to mount a pressure on the government for immediate negotiations that will lead to a free, fair, inclusive, and peaceful election, party insiders said. To put an uninterrupted pressure on the ... Read more
China premier greets Hasina
Pranab telephones PM Chinese premier Li KeQiang have congratulated Sheikh Hasina for being the Prime Minister of Bangladesh for the third time. The Chinese premier, in his message on behalf of the Chinese government and people, extended warm congratulations and best wishes to Sheikh Hasina on the occasion of assuming the office of the prime ... Read more
Parliament session Jan 29
President Abdul Hamid has summoned the first session of the 10th parliament on January 29, reports UNB. The session will start at 6:00 pm on the day, said a Parliament Secretariat media release on Monday. It said the President summoned the maiden session of the new parliament exercising the power bestowed upon him as per article 72 ... Read more
New cabinet’s first meeting Thursday
First cabinet meeting of the newly formed Awami League-led 14-party government will hold at 10 am on Thursday with Prime Minister Sheikh Hasina in the chair. The cabinet division issued a circular in this regard on Monday and it was sent to the cabinet ministers for attending the meeting. Led by Hasina, 29 ministers,
Eid-e-Miladunnabi today
Holy Eid- e-Miladunnabi to be observed in the country today commemorating the birth of Great Prophet Hazrat Muhammad (Peace Be Upon Him) 1,441 years ago on this day of the month of Rabiul Awal with divine blessings for the mankind. The Muslims across the country will join special prayers and stage colourful street marches to mark ... Read more
Justice Habib laid to rest
Former Chief Justice Habibur Rahman was laid to rest at city’s Banani graveyard following his second Namaz-e-Janaza at the Gulshan Azad mosque after Asar prayer yesterday. Justice Habibur Rahman, also a former chief adviser to the caretaker government, died of brain haemorrhage on Saturday night after falling sick at his Gulshan
EC starts process to elect 50 women MPs
The Election Commission (EC) has sent letters to the political parties to learn about their positions in the 10th Parliament so that 50 women candidates can be elected to the reserved seats of the national assembly. “We need to know the parties’ positions — whether they are in coalition or are independent. Then we can distribute ... Read more
Dinajpur SP admits police failure
Superintendent of Police in Dinajpur Ruhul Amin on Monday admitted that the police had failed to control the situation before and after the attack on Hindus at Kornai in Dinajpur Sadar upazila on January 5. The Dinajpur district authorities on Monday held a meeting at the Kornai Government Primary School and told the local people that ... Read more
Bail on condition of planting trees!
The High Court (HC) yesterday granted bail to Abdul Majid, the chairman of a union under Satkhira district, on condition that he will plant 50 trees. The HC bench of Justice Enayetur Rahim and Justice Mohammad Ullah granted the bail for six months to Abdul Majid, chairman of Shialdanga union parishad,
JU VC resigns
Professor Anwar Hossain has finally resigned as the vice-chancellor of Jahangirnagar University, after nearly a year-long protest by teachers, students and staff of the university. Talking to this correspondent yesterday, Anwar Hossain said, ‘I have sent my resignation letter to President Abdul Hamid, the chancellor of the university’.
Truck arms haul case verdict Jan 30
The court of SM Mojibur Rahman, judge of the Metropolitan Special Tribunal-1, is scheduled to hand down the verdict in the Chittagong arms haul cases on January 30. Rahman on Monday fixed the date to pass the verdict, nine years after the country’s biggest arms haul cases, after hearing the argument of defence lawyers. Defence lawyers ... Read more