The country’s remittance inflow decreased to $13.83 billion in the just-concluded year from $14.17 billion in 2012 against the backdrop of downward manpower exports during the period. According to Bangladesh Bank data released on Wednesday, remittance inflow decreased by 2.39 per cent in 2013 compared with that of a rise of 16.49 per cent in 2012. ... Read more
Month: January 2014
SCB’s loss-making branches rise to 235
Scams, Defaulted Loans SCB’s loss-making branches rise to 235 The number of loss-making branches of the four state-owned commercial banks increased by 53 in the first nine months of 2013 due to surge in the defaulted loans at the banks and decreased credit demand from the private sector, Bangladesh Bank officials said. According to the ... Read more
BB tightens rules for unrated SME loan
Bangladesh Bank on Wednesday asked scheduled banks to maintain 100 per cent risk-weighted asset for unrated SME loan amounting to Tk 30 lakh and above. To this end, the BB issued a circular to managing directors and chief executive officers of all banks asking them to maintain 75 per cent RWA for unrated
Fin min tags new conditions for state-owned specialised banks
Opening New Branch Fin min tags new conditions for state-owned specialised banks The ministry of finance has tagged some new conditions for four state-owned specialized banks for opening new branches. It wanted 80 per cent branches of Bangladesh Krishi Bank, Rajshahi Krishi Unnayan Bank, Ansars and VDP Bank and Karmasangstan Bank to make profit as a prerequisite ... Read more
Trust Bank gets New DMD
Abu Zafar Hedaytul Islam has recently been promoted to deputy managing director of Trust Bank. Prior to his new assignment, he was senior executive vice-president of the bank, said a news release. Zafar joined the bank as senior vice-president in October 2003. Before his joining in Trust Bank he worked in Eastern Bank. Zafar started his banking career ... Read more
Overseas investment at DSE rises by 145pc in 2013
The net foreign investment at the Dhaka Stock Exchange rose by 145.13 per cent in the just-concluded year 2013 from that in the previous year as record fall in the stock prices on the bourse lured overseas investors. It increased to Tk 1,942.89 crore from Tk 792.59 crore
Stocks begin New Year upbeat on institutional buying
Dhaka stocks advanced on Wednesday, the first trading session of 2014, led by low capitalised scrips as institutional investors went for buying. The benchmark general index of Dhaka Stock Exchange, DSEX, increased to 4,286.15 points, adding 0.45 per cent or 19.60 points. DS30,
Weerasinghe new Robi CEO
Supun Weerasinghe, a Sri Lankan national, on Wednesday joined Robi Axiata Limited as the company’s new chief executive officer and managing director. Weerasinghe replaced outgoing Robi CEO Michael Kuehner, who retired from full time corporate life. Kuehner will, however, continue to be a
BJMA elects new chairman
Muhammad Shams uz Zoha, director of Shams Group and of Supreme Jute and Knitex Ltd, has recently been elected chairman of the Bangladesh Jute Mills Association for the term 2014-2015. He was elected by the members of executive committee of the association at its 30th annual general meeting held in Dhaka recently, said a news ... Read more
Biting cold makes life miserable in Khulna
The first spell of cold wave is sweeping over the south-western part of the country including Khulna and neighbouring districts, halted the normal activities of the people. Md Amirul Azad, Officer-in-charge of Khulna Met Office said over cell phone that they recorded the lowest temperature at 13.0 degrees Celsius yesterday while it was recorded 12.0 ... Read more
Welcome 2014
People ushered in the year 2014 as the clock struck zero hours past Tuesday in a somewhat sombre mood amid an unusual situation as the opposition alliance began enforcing a nationwide road-rail-waterway blockade for an indefinite period from the very first day of the year. The opposition alliance enforced the blockade to press for cancellation of ... Read more
Foreign diplomats take fresh move to end crisis
A fresh diplomatic move has started to resolve the country’s ongoing political impasse in the last couple of days. And apparently as part of the effort, US Ambassador Dan W Mozena and British High Commissioner Robert Gibson met with the Leader of the Opposition, Khaleda Zia, at her Ghulshan residence in the last two days. The diplomats ... Read more
Indefinite blockade begins today
Nationwide blockade of roads, railway and waterways called by Bangladesh Nationalist Party-led opposition alliance for an indefinite period begins this morning pressing for election under a non-party government cancelling the ‘farcical’ election slated for January 5. The sixth spell of blockade begins at 6:00am
Arrest warrant against factory owner, 5 others
13 indicted for Tazreen FASHIONS?fire A Dhaka court on Tuesday issued arrest warrants against six people for the fire at Tazreen Fashions in Savar last year, after accepting charges against 13 people, including the owner of the company, Delwar Hossain. As many as 111 workers, most of them women, were killed in the blaze in the ... Read more
Prime Bank win V- Day T20
Prime Bank Cricket Club defeated the UCB-BCB XI by 55 runs on the back of opener Liton Das’ timely half-century, disciplined bowling and sharp fielding to win the Amber Victory Day Twenty20 Cup final on Tuesday. Liton, who had struggled throughout the tournament with just 47 runs in six innings, chose the final to repay the ... Read more
Better side won, says Sakib
Prime Bank Cricket Club captain Sakib al Hasan was confident with his side’s chances of winning the Amber Victory Day Twenty20 Cup due to the strength of his team, said the Bangladesh all-rounder after the final on Tuesday. Prime Bank won the inaugural edition of the competition after defeating UCB-BCB XI by 55 runs at the ... Read more
Lankan HC says tour is on
The Sri Lankan High Commission in Dhaka has assured the Bangladesh Cricket Board that its cricket team would participate in the tour of Bangladesh later this month irrespective of the country’s political situation, BCB officials said on Tuesday. BCB director Mahbub Anam and acting chief executive officer Nizamuddin Chowdhury met the Sri Lankan High Commissioner
Football league resumes today
The seventh edition of the Bangladesh Premier League will resume today after a three-day break in play, Bangladesh Football Federation officials said on Tuesday. The BFF suspended the league after two rounds due to the ongoing political turmoil, which had left them unable to arrange proper security for players and
Junior Tigers bounced from Asia Cup
Bangladesh were eliminated from the Under-19s Asia Cup after losing their final Group B match by two wickets to Sri Lanka in Abu Dhabi on Tuesday. The Junior Tigers won the toss and posted 203-6 in the first innings, led again by Nazmul Hossain Shanto, who posted his second successive fifty of
Capela new coach of Mohammedan
Mohammedan Sporting Club secured the services of Portuguese tactician Rui Jose Capela Batista as head coach of the ongoing season after a six-month contract was agreed on Tuesday. After a two-day long journey, Rui Capela arrived in Dhaka on Tuesday and immediately signed with the Motijheel-based football giant. Mohammedan