Independent Director Selection Farashuddin, Mustafiz on DSE list of 14 for 7 places The Dhaka Stock Exchange on Tuesday submitted a list of 14 individuals including former Bangladesh Bank governor Farash Uddin Ahmed and Centre for Policy Dialogue executive director Mustafizur Rahman to the Bangladesh Securities and Exchange Commission for choosing seven independent directors of ... Read more
Month: February 2014
H1 imports rebound by 11pc
The country’s imports increased by 11.59 per cent in the first six months of the current financial year 2013-14 compared with that of a negative growth of 10.72 per cent in the corresponding period of the FY13. According to Bangladesh Bank data released on Tuesday, settlement of letters of credit, or generally known as actual imports, ... Read more
Foreign investment in DSE soars in January
Net overseas investment at the Dhaka Stock Exchange increased by 328 per cent in January compared with the previous month as low priced stocks lured them amid formation of the new government. The net foreign investment in January was the highest after Tk 339.49 crore in June last year, which was all time high foreign investment ... Read more
United Power, Peninsula Hotel IPOs get BSEC nod
Generation Next’s rights shares offer approved The Bangladesh Securities and Exchange Commission on Tuesday approved two initial public offerings, one rights share offer and an open-ended mutual fund. The decision was taken at a regular meeting of the commission presided over by its chairman M Khairul Hossain. The BSEC approved the bidding
Sakib helps Tigers claw back late
Sakib al Hasan claimed two late wickets to restore some parity in the second Test against Sri Lanka, restricting the visitors to 314-5 at close on the first day in Chittagong on Tuesday. Kumar Sangakkara returned to his supreme best and pounded the Tigers with his sixth Test century against them as Sri Lanka threatened ... Read more
When Sangakkara surpassed Sachin
Kumar Sangakkara scored his fourth Test century in his last six innings against Bangladesh to put Sri Lanka in a comfortable position at the end of the opening day‘s play in the second Test in Chittagong on Tuesday. Sangakkara, who ended the day on 160 not out and is the leading scorer against the Tigers in ... Read more
Tigers eye two more wickets, Sri Lanka seek 200 runs
Going into a Test match with just one specialist pace bowler would surprise any opposition, and Sri Lanka were no exception. The Islanders shook their heads when they saw that Bangladesh had picked just one pacer for the second Test in Chittagong on Tuesday. That was, however, perhaps the only surprise
MSC denied by Brothers
Mohammedan Sporting Club Limited were held to a 1-1 draw by Brothers Union in the Bangladesh Premier Football League on Tuesday at Bangabandhu National Stadium. The Motijheel-based football giant managed their fifth draw in eight matches, winning only two and also went down to archrivals Abahani Limited.
‘No concern’ with Bangladesh security
Pakistan Cricket Board chairman Zaka Ashraf on Monday said that they were satisfied with the security arrangements in Bangladesh ahead of the Asia Cup and ICC World Twenty20 2014. After a PCB governing board meeting in Lahore, Ashraf expressed his contentment with the security measures taken by Bangladesh ahead
Former US football stars in town
Two former US national footballers — Tony Sanneh and Linda Hamilton — spent a busy day at the Bangladesh Football Federation astroturf teaching football skills to youth footballers on Tuesday. The two former star footballers arrived in Dhaka on Monday to conduct a football workshop for three days as part of a ‘Cultural Exchange Programme’
Sk Jamal face United Sikkim today
Bangladeshi club Sheikh Jamal DC will play their second Group B match today against United Sikkim in the 118th IFA Shield football tournament at Yuba Bharati Krirangan in Kolkata. The Dhanmondi-based outfit lost their opening match against Kolkata Mohammedan by 2-0 on Sunday so in order to keep alive their semifinal hope,
No nat’l database of cancer prepared
No central database of cancer has been maintained in the country so far, which is an essential part of any cancer control programme. But, the countries which have prepared the population-based cancer registry have achieved success in controlling the problem as the database contains statistics on the cases of cancer in
Migratory birds increase this year
The number of migratory birds flying to the country has increased this year despite continuous destruction of wetlands, said bird experts. A team of bird experts and environmentalists last month conducted a census of migratory birds in different coastal areas and chars
Foreign poets recite poems on Bangladesh
Two foreign poets surprised the teeming number of audience with their poems on Bangladesh at the concluding session of the two-day National Poetry Festival. The veteran Austrian poet Dorothea Muller-Ott’s poem 16th December is on the Victory Day of Bangladesh when the Swedish poet Kristian Carlsson’s series of poems under the title
Corporate tax to be changed in next FY: Muhith
Dhaka-Mawa expressway soon Finance minister AMA Muhith on Monday announced plans to overhaul the country’s corporate tax structure saying that the existing one was not ‘appropriate’. ‘There will be change in corporate tax structure in the coming fiscal year,’ he said during a meeting with officials of Dhaka Chamber of Commerce and
Govt requests global apparel buyers to raise prices
Commerce minister Tofail Ahmed on Monday urged the global apparel buyers and retailers to raise the product prices in line with the recently enhanced wage for the garment workers with a view to sustainability of the sector. ‘The wage for garment workers has increased by 77 per cent. If the buyers do not raise the prices ... Read more
Sonali to sue Hallmark to recover embezzled money
Sonali Bank board of directors on Monday decided to file a number of cases against Hallmark Group with Artha Rin Adalat and other civil courts in a bid to recover Tk 2,554 crore embezzled by the group. The board made the decision in a meeting and the bank will file a number of cases against the ... Read more
Remittance inflow drops by 8pc in 7 months
The country’s remittance inflow decreased to $8.02 billion in the first seven months of the current financial year 2013-2014 from $8.72 billion during the same period of the FY13 against the backdrop of downward manpower exports during the period. According to Bangladesh Bank data released on Monday, remittance inflow decreased by 8.09 per cent in
Upward run continues for 4th day at DSE
Dhaka stocks advanced for the fourth trading session on Monday with the key index of Dhaka Stock Exchange, DSEX, hitting its fresh high as investors continued to inject fresh fund. DSEX gained 0.81 per cent, or 38.85 points, to close at 4,826.51 points on the day, which is its highest since its launch with 4,055 ... Read more
Mushfiq calls for responsible batting
Bangladesh skipper Mushfiqur Rahim put emphasis on an improved batting show from the Tigers as they look to bounce back from a humiliating first Test innings defeat in the second Test, beginning today in Chittagong. Bangladesh’s batting in both innings of the first Test was an embarrassment on a pitch that gave no real assistance to ... Read more