Abahani Limited swept past Dhaka Wanderers Club 8-0 in the opening game of the UCB Club Cup hockey tournament at the Maulana Bhasani hockey stadium on Tuesday. The Sky Blue outfit are participating in the competition without any foreign players but faced no difficulty in beating Dhaka Wanderers as six different
Month: January 2014
Four SCBs stopped lending from Tk 4,100cr recapitalisation fund
The finance ministry has put a restriction on four SCBs to make fresh lending from the Tk 4,100 crore recapitalisation funds in an effort to tighten the bad lending culture of the struggling banks. As the four state-owned commercial banks—Sonali, Janata, Agrani and Rupali—have above Tk 12,000 crore in classified loans as of December 2013, ... Read more
5-month pvt sector credit flow miles away from target
Credit growth in the country’s private sector achieved only 4.41 per cent in July-November of 2013 against a six-month target of 15.50 per cent as the businesspeople were reluctant to expand their business by taking finance from banks due to political unrest. According to the latest BB data released on Tuesday, private sector credit growth declined ... Read more
Political unrest propels inflation for 2nd month
The overall point-to-point inflation and food inflation continued to rise significantly in December due mainly to political unrest including frequent blockades and hartals that broke down supply chain across the country, officials of Bangladesh Bureau of Statistics said on Tuesday. In December, point-to-point inflation rose by 0.20 percentage points and stood
Paramount Textile violates rules in IPO fund use
Company denies any wrong doing Newly-listed Paramount Textile Ltd has repaid around Tk 21 crore loan to its shareholder Paramount Spinning from its initial public offering fund by dodging the capital market regulator, BSEC sources said. The company in its IPO prospectus did not mention of having any such loan. Using the IPO fund other than ... Read more
Tobit new AMTOB chief
Airtel’s chief executive officer Chris Tobit has been appointed the chairman of the Association of Mobile Telecom Operators of Bangladesh, said a press release. AMTOB is a trade body representing six mobile operators – Airtel, Banglalink, Citycell, Grameenphone, Robi, and Teletalk. The immediate past president
Merchant bankers oppose giving directors’ personal guarantee
Release of Fund From Tk 900cr Stock Scheme Merchant bankers oppose giving directors’ personal guarantee Bangladesh Merchant Bankers Association opposed a fresh condition imposed by the Investment Corporation of Bangladesh which asked for personal guarantee from directors of merchant banks to release sanctioned fund for affected small investors. BMBA president Tanjil Chowdhury expressed the association’s stance ... Read more
Demutualised DSE’s polls Jan 12
The Dhaka Stock Exchange board on Tuesday set January 12 to hold its next elections to elect four shareholding directors of the bourse from the first demutualised board, DSE officials said. The election commission of the bourse headed by former district and session judge Shamsul Haque will announce the election schedule today.
Stocks positive on monetary policy hope
Dhaka stocks returned to positive zone on Tuesday after decline in the previous trading session with increase in turnover due to a media report that the central bank might declare relaxed monetary policy for January-June period which made investors optimistic. The benchmark general index of Dhaka Stock
Ghulam gets contractual appointment as NBR chair for 1yr
The government has given contractual appointment to the National Board of Revenue chairman Ghulam Hussain for next one year. In a gazette notification, the ministry of public administration on Tuesday said that the government cancelled his post retirement leave and gave the appointment. His appointment will be effective from January 9 or on the date from his
Rupali Bank gets new DMD
Kazi Md Neyamat Ullah was on Monday promoted to deputy managing director of state-run Rupali Bank, said a news release. Prior to the new assignment, Neyamat was working as general manager of the bank. During his banking career, he worked at Rajshahi Agriculture Bank, Bangladesh Krishi Bank and Karmasangsthan Bank.
Ending violence high on agenda
PM says talks with BNP possible if it discards Jamaat The first priority of the newly elected government would be to protect the lives of people and the properties of citizens as well as of the state at any cost, said Prime Minister Sheikh Hasina, whose party, the Awami League, registered a landslide victory on ... Read more
US, UK, Canada push for ‘talks towards fresh polls’
Jan 5 poll was constitutional requirement: India Expressing disappointment over Sunday’s violence-marred and low-turnout 10th parliamentary election, the United States, Canada, UK and the Commonwealth yesterday called for immediate dialogues between major political parties to hold a ‘fresh credible election’. The countries and the Commonwealth, in separate statements, expressed their dismay and
AL romps home with two thirds majority
Voting in postponed centres Jan 16 The 10th parliamentary polls were held on Sunday paving the way for forming a new government after January 24, in accordance with the constitution. The polls were held against the backdrop of the opposition alliance’s boycott and blockade programme, amidst a whirl of apprehensions,
Govt loses right to rule: Khaleda
BNP chairperson Khaleda Zia on Monday said the people have expressed their no-confidence in the government during the stage-managed 10th parliamentary poll held on January 5. She urged the government to arrange an inclusive and acceptable general poll immediately. “No inclusive and acceptable general election is possible without a non-party caretaker government (CG) and
7 killed across country
At least seven people, including a father and his son, were killed and 20 others injured in post-election violence across the country, reports UNB. Five supporters of the Jatiya Party (JP) winning candidate from Dhaka-1 constituency Salma Islam were killed in a clash with supporters of
Bangladesh polls a constitutional need: India
Condemning the violence in Bangladesh during the elections, India’s official spokesperson Syed Akbarudin said that the polls are a constitutional requirement and it is the people of that country who will decide their future. “Elections in Bangladesh on 5th January were a constitutional requirement. They are a part of the internal and constitutional process of
Rawshan likely to become oppn leader
Rawshan Ershad, wife of HM Ershad and the Jatiya Party’s (JP’s) senior presidium member, is likely to be the Leader of the Opposition in the 10th Parliament. “The JP lawmakers will join the Parliament, led by Rawshan Ershad. They will play the role of a constructive Opposition, criticising the government
Pledge to clean air, water still elusive
The Awami League-led Grand Alliance government has failed to free the country’s besieged rivers from encroachers and prevent pollution of water and air. There has not been proper management of waste during its five-year tenure. The government also failed to sign an agreement with India to share the Teesta waters. Failing as well to protect ... Read more
Casting votes is their sin
350 Hindu houses attacked in Dinajpur Jamaat-Shibir men went on a rampage on Hindu community members in Kornai village under Dinajpur Sadar upazila immediately after a couple of hours after Sunday’s voting ended. Local people said at least 350 houses and 50 shops of Pritampara, Shahapara, Profullahpara, Telipara, Madhabpara and Ajaypara vicinities of Kornai village ... Read more