Suspends bond licence of Hallmark Design Wear The National Board of Revenue has suspended the bond license of Hallmark Design Wear Ltd, a sister concern of controversial Hallmark Group, and demanded Tk 116 crore as duties and taxes from the company for not exporting products under bond license, officials of the NBR said. They said that ... Read more
Month: March 2014
Zero progress for 9 banks in farm loan release in 8 months
Nine scheduled banks including six new ones failed to disburse any farm loan in the first eight months of the current financial year 2013-14. The banks are Farmers Bank, Meghna Bank, Midland Bank, National Bank of Pakistan, NRB Bank, State Bank of India, South Bangla Agriculture Commerce Bank, Union Bank and Woori Bank. The BB has already ... Read more
DCCI demands increase of tax-free income limit to Tk 3 lakh
Dhaka Chamber of Commerce and Industry on Wednesday recommended the National Board of Revenue for increasing tax-free income limit to Tk 3 lakh from the existing Tk 2.20 lakh for individual taxpayer in the coming budget for the next financial year of 2014-15. It also suggested the NBR to increase the rate of tax
Child artistes celebrate National Children Day
ChilD artistes celebrated the National Children Day through music and dance recitals at a vibrant programme held at the National Theatre Hall of Bangladesh Shilpakala Academy on Monday. The programme was organised by the academy in celebration of National Children Day and also the 94th birth anniversary of Sheikh Mujibur Rahman, the founding president of ... Read more
Al-Amin relieved at last
Pace bowler Al Amin Hossain on Tuesday said that he was relieved to make a contribution in the game against Nepal as he could not play any substantial role in the opening game against Afghanistan. Bangladesh thrashed the Afghans by nine wickets in the Group A opener after bowling them out for just 72 runs but ... Read more
Australia chase eluding trophy
Australia’s status in any global event is nothing but favourites but they could hardly do any justice to this tag in the ICC World Twenty20s. The only trophy missing in Cricket Australia’s cabinet is the ICC World T20, where their success is limited to reaching the final in 2010. Naturally the
Zimbabwe, Dutch face off in key clash
Zimbabwe and the Netherlands face each other today at the Sylhet Divisional Stadium in the first round of the ICC World Twenty20 2014. With just the Group B winners making it through to the Super 10, anything other than a win for Zimbabwe won’t suffice and it might still not be enough
96 dev projects may face budget cut in RADP
The planning ministry has identified as least 96 on-going priority development projects involving Tk 1,644 crore under the current annual development programme because of slow implementation, officials said. Of the total 1,245 projects, the planning ministry also identified 281 projects as mid-priority which involved Tk 11,486 crore and another 868 projects as
BB sets charge on clients for inter-bank ATM transactions
Bangladesh Bank on Tuesday set the charge of Tk 10 for each inter-bank transaction for clients through automated teller machines under its National Payment Switch Bangladesh (NPSB) project. The central bank also set charge of Tk 5 for mini statement or balance inquiry in the inter-bank transactions through ATM machines under its
Imports up 13.60pc in Feb
The country’s overall imports increased by 13.60 per cent in February of this year against a negative growth of 12.84 per cent in the corresponding month of the last year due mainly to higher import of food products. According to Bangladesh Bank data, the overall settlement of letters of credit, generally known as actual import, stood ... Read more
Child artistes thrill audience
Child artistes of Nalanda School presented music and dance at a programme held at the Chhayanaut Auditorium on Sunday evening. Nalanda School, which is a sister concern of Chhayanaut, organised the programme to mark the 81st birth anniversary of late cultural personality Waheedul Haq (1933- 2007). The music and dance recitals
Artist Bipad Sen depicts life around rivers
River has always been a source of livelihood for the people of Bangladesh, a country crisscrossed with numerous rivers. Rivers not only nurture life but they have helped shape the minds of many artists of this region who have been depicting the character of rivers in their paintings from time immoral. Such a river-revering artist ... Read more
Tigers meet Nepal with Super 10s in their sights
A confident-looking Bangladesh take on Nepal in a crucial ICC World Twenty20 first round tie at the Zahur Ahmed Chowdhury Stadium today, with a win virtually guaranteeing their place in the next phase. The Tigers defeated Afghanistan by nine wickets while Nepal defeated Hong Kong by 80 runs in their respective opening games of Group A ... Read more
Kiwis no match for Pakistan
Semi-finalists in the last two editions and former champions of the ICC World Twenty20, Pakistan gave an indication about what to expect from them after thrashing New Zealand by six wickets in their first warm-up match in Dhaka on Monday. Kamran Akmal and Mohammad Hafeez posted half-centuries as Pakistan cruised to 149-4 in 19.5 overs after ... Read more
Win by hook or by crook: Mushfiq
Bangladesh skipper Mushfiqur Rahim said on Monday they are looking forward to today’s game against Nepal at the Zahur Ahmed Chowdhury Stadium in order to get into the Super 10 of the ICC World Twenty20. Both the teams won their opening games as Bangladesh thrashed Afghanistan by nine wickets while Nepal defeated Hong Kong by 80 ... Read more
Dutch ease to win over UAE
The Netherlands opened their ICC World Twenty20 2014 campaign with a comfortable six-wicket win over the United Arab Emirates at Sylhet Cricket Stadium on Monday. Chasing 152, the Dutch reached a relatively easy target with seven balls remaining, with opening batsman Stephan Myburgh leading the way with
Malinga bowls Sri Lanka to narrow win
Sri Lanka put aside the news of the imminent retirement of stalwarts Kumar Sangakkara and Mahela Jayawardene to post a thrilling five-run win over India in their first warm-up match at Mirpur on Monday. Lasith Malinga grabbed 4-30, including two wickets off the last balls of the innings, as India were all out for 148 runs ... Read more
Retailers’ teams to talk pledges, conspiracy theory in April
Garment Factory Inspection Retailers’ teams to talk pledges, conspiracy theory in April High-ups of North American and European retailers groups are coming to Dhaka in early April to discuss garment factory safety inspection issue following government’s and factory owners’ criticism of strict inspection standards and allegation of conspiracy. Garment factory owners and commerce minister Tofail Ahmed recently ... Read more
BB asks banks to give plan on stock investment cuts
Bangladesh Bank has recently asked scheduled banks to submit business plan on how to bring down their excess investment limit in the capital market by July 2016. To this end, the central bank issued separate letters in the last few weeks to managing directors and chief executive officers of the banks, whose investment
Primark to give $10m more to Rana Plaza victims
Primark, an Irish clothing retailer, on Monday announced to pay out $10 million in compensation to victims or their dependents of the Rana Plaza factory collapse weeks before the anniversary of the disaster in which more than 1,100 garment workers lost their lives. The retailer has agreed to pay $9 million to