Undocumented Expatriates KSA gives 2 months for legalisation In a major relief to undocumented expatriates, Saudi authorities have granted a two-month grace period for thousands of expatriates who could not correct their legal status during the seven-month amnesty period to complete the rectification procedures at their Passport Department. Jeddah-based English daily Arabnews reported on Friday that ... Read more
Month: January 2014
Schoolboy kills himself as parents deny love affair
Denied by the parents in love affair, a schoolboy killed himself by jumping into the Hatirjheel Lake from a bridge at Badda in the capital on Friday morning. His lover, Mim, 15, who also jumped into the lake alongside Tonmoy, 16, however, survived. Quoting the girl Mim, 15, police said Tonmoy and Mim both were ... Read more
US to monitor Bangladesh events
The United States keeps reserved its observation about Sunday’s general elections in Bangladesh saying that it will be monitoring the situation and engaging as necessary. Marie Harf, deputy spokesperson of the US state department, said in Washington on Thursday that they would not also comment on the election results
MSC, Muktis share spoils
A stoppage-time penalty from veteran forward Zahid Hasan Ameli earned Mohammedan Sporting Club a hard-fought 1-1 draw against Muktijoddha Sangsad KC in the Bangladesh Premier Football League at the Bangabandhu National Stadium on Friday. The game looked headed for a 0-0 draw before Muktijoddha’s Nigerian forward Nkwocha Kingsley scored in the 85th minute
Javed hailed at farewell T20
Former national opener Javed Omar received an emotional goodbye during his farewell Twenty20 match, played between legendary Bangladeshi cricketers and the Bangladesh Sports Journalist Association at the BCB-NCA ground in Mirpur on Friday. Javed showed glimpses of his stroke-making calibre in front of family and friends, hitting 40 off 19 balls as the
Sakib thinks big for Big Bash
Bangladesh’s all-rounder Sakib al Hasan is eyeing to do something special in the Big Bash League as he left Dhaka to join Adelaide Sixers on Friday to begin his maiden campaign in the Australian Twenty20 competition. ‘I am looking forward to contributing with something special,’ Sakib told New Age ahead of his departure. ‘I am happy to ... Read more
Winners of Robi SMS contest meet Sakib
‘Play with Sakib al Hasan’, a programme which awarded the winners of a SMS contest among Robi subscribers, was organised by Multisourcing Ltd in Dhaka on Friday. Robi, one of the leading mobile operators in Bangladesh, arranged the contest exclusively for its users. Only Robi users could participate in the contest
Interest spread rate drops
Dull Business Amid Unrest Interest spread rate drops Interest spread rate in the banking sector declined below five percentage point in November last year as surplus liquidity mounted in most of the scheduled banks due to a decreased loan disbursement amid dull business situation thanks to political unrest, Bangladesh Bank officials said. According to the latest ... Read more
Prices of local onion, broiler go up
The prices of local onion and broiler increased on the retail markets in the city over the week ending Friday due to a supply shortage. Rice prices remained high over the week. The price of local onion increased by Tk 5 a kilogram and it was selling at Tk 65 a kg on Friday. A section of ... Read more
DSE to announce election schedule this week
The Dhaka Stock Exchange is likely to announce this week election schedule to elect it first board after the demutualisation of the bourse in November last year, DSE officials said. As per the Demutualisation Act 2013 enacted on April 29, the DSE have to form its first board within 90 days of its demutualisation. The DSE
Defaulted loan at BASIC Bank decreased to 12.42pc
The rate of defaulted loan at BASIC Bank decreased to 12.42 per cent only at the yearend of 2013 which is one of the lowest among the state-run commercial banks, according to a BASIC Bank news release. Though BASIC Bank had to face an unexpected midyear encounter with memorandum of understanding from Bangladesh Bank, diligences of ... Read more
Javed calls it quits, finally
Former Bangladesh opener Javed Omar will bring the curtain down on his local and international career spanning over 25 years with an exhibition match featuring local legends today, said the player on Thursday. Javed, who played 40 Tests and 59 one-day internationals, last represented the Tigers in 2007 but continued playing domestic cricket until recently when ... Read more
BJMC post narrow win in opener
Team BJMC opened their Bangladesh Premier Football League campaign with a 2-1 win over Feni Soccer Club at the Bangabandhu National Stadium on Thursday. Forward Aminur Rahman Sajib and Nigerian midfielder Uche Felix scored for the victors while Benin forward Wassiou Okalawon grabbed the consolation
Sheikh Jamal invited to IFA Shield
Last year’s league runners-up Sheikh Jamal Dhanmondi Club Limited received an invitation from the All India Football Federation to participate in the IFA Shield in India, the fourth oldest club cup tournament in the world. The IFA Shield, established in 1893, will be staged for the 113th time this month. The tournament is scheduled to begin on ... Read more
Biman negotiates for costly $338m loan from StanChart
Aircraft Purchase Biman negotiates for costly $338m loan from StanChart Cash strapped Bangladesh Biman is negotiating with an international commercial bank for a $ 338 million loan at high interest rate to clear delivery payment for two Boeing aircraft. Civil aviation and tourism ministry officials told New Age on Thursday that the Biman was negotiating ... Read more
July-Nov imports up 9pc on food grain influx
The country’s imports increased by 9.01 per cent in the first five months of the current fiscal year 2013-14 compared with that of a negative growth of 13.21 per cent in the corresponding period of the FY 2012-13. According to the latest Bangladesh Bank data, settlement of letters of credit, or generally known as actual imports, ... Read more
Commerce asks other ministries to speed up ‘action plan’ implementation
Restoring Gsp In Us Market Commerce asks other ministries to speed up ‘action plan’ implementation The commerce ministry has asked different ministries and offices to speed up the implementation of the pledges that contained in an action plan the government had given to the United States Trade Representative in November to revive the suspended GSP ... Read more
NBR spots 1.43 lakh tax dodging house, shop owners
57,000 brought under tax net The National Board of Revenue through its ongoing door-to-door survey detected till November this year 1,43,408 house owners and businessmen across the country who were dodging taxes and did not have tax identification numbers, NBR officials said. Of the suspected tax evaders, 57,564 house and shop owners have been brought under ... Read more
Institutional buying sends stocks gaining for 4th day
Dhaka stocks advanced for the fourth trading session on Thursday as institutional investors, encouraged by the central bank’s directive allowing banks another year to adjust their capital market exposure, continued to buy shares despite political unrest. The turnover of Dhaka Stock Exchange, however, dropped on the day, the second day of the sixth spell of
AB Bank gets new president
Shamim Ahmed Chaudhury has recently been appointed president and managing director (acting) of AB Bank with effect from January 1, said a news release. Shamim Ahmed, a masters of business administration (major in finance), started his banking career as a management trainee with American Express Bank