The credit- or advance-deposit ratio in the banking sector declined to 70.83 per cent as of February 6, 2014 compared with that of 76.28 per cent as of February 7, 2013 as credit demand in the private sector had not increased much following the recent political turmoil, said Bangladesh Bank officials. The ADR was 76.59 per ... Read more
Month: March 2014
First TICFA meeting in end of April
The first meeting under the Trade and Investment Cooperation Forum Agreement between Dhaka and Washington will be held in the last week of April next, said an official on Monday. ‘The meeting will be held in the last week of April as proposed by the US side,’ Commerce secretary Mahbub Ahmed told the news agency. The ... Read more
Waheedul Haq remembered
Late cultural personality Waheedul Haq (1933- 2007) was recalled marking his 81st birth anniversary through different cultural programmes in the capital on Sunday. Cultural organisations Chhayanaut and Kanthashilon, both founded by renowned Tagore exponent Waheedul Haq, arranged two-day colourful programmes marking their
Fire dept assesses Tk 531cr in loss, half the sum estimated by owner
Standard Group Factory Fire Fire dept assesses Tk 531cr in loss, half the sum estimated by owner An investigation committee formed by the Fire Service and Civil Defence to investigate fire in the garment factory of Standard Group at Konabari in Gazipur estimated Tk 531 crore in losses in the factory fire. The committee said in ... Read more
All banks to go for real-time settlement next year
Banks will be able to make instant settlement of foreign currency and government securities-related transactions as well as local currency transactions when Bangladesh Bank will introduce the ‘real-time gross settlement’ system by July next year. According to a BB report, the RTGS system will replace the existing deferred net settlement system under which banks settle
Power price hike to hit competitiveness of RMG sector: BGMEA
The Bangladesh Garment Manufacturers and Exporters Association on Sunday said the latest power price hike would put adverse impact on the readymade garment sector and the industry would lose its competitive edge. In a news release the trade body expressed its deep concern over the power price hike and said the 6.96 per cent increase in ... Read more
DSE to launch T+2 settlement time on April 16
Dhaka Stock Exchange is going to introduce T+2, which will allow maturity of shares in two trading sessions, from April 16 scrapping its existing T+3 trading cycle, according to a DSE web post published on Sunday. DSE officials said after the introduction of T+2 trading cycle investors would be able to sell shares after two trading ... Read more
Judge Humayun Kabir joins special tribunal for stocks
Humayun Kabir Manik, a district judge, on Sunday joined as the judge in the first-ever special tribunal to deal with the stock market-related cases. ‘Humayun Kabir has submitted his joining letter to the Supreme Court, law ministry and the BSEC on Sunday,’ BSEC executive director Saifur Rahman
More relieved than happy
There was plenty of talk before the match about Afghanistan threatening to upset Bangladesh in the World Twenty20 opener, but at least one man was unaffected. All-rounder Sakib al Hasan claimed that he was more relaxed before this match, a game that Bangladesh had to win if they were to keep the party alive, than
‘We lost the game in the first ball’
Afghanistan captain Mohammad Nabi admitted that his team had lost the first game in the World Twenty20 against Bangladesh on Sunday after paceman Mashrafee bin Murtaza claimed a wicket off the very first ball to seize the momentum for the home side. Mashrafee brought the crowd to their feet before they had properly taken their seats ... Read more
Mashrafee remembers Manzarul after win
The pressure of the Twenty20 game can sometimes make you forget an important day, and this is what happened to former Bangladesh captain Mashrafee bin Murtaza. The paceman was completely unaware that Bangladesh went to play their World Twenty20 opening match against Afghanistan on Sunday on the seventh
Nepal thrash Hong Kong
Nepal brought Hong Kong back down to earth with a 80-run defeat in a battle between two ICC World Twenty20 debutants at the Zahur Ahmed Chowdhury Stadium in Chittagong on Sunday. Hong Kong beat Zimbabwe in a practice match earlier to give an indication of their strength, but Nepal scripted history and, on the back ... Read more
Frustrated Afghans act out in loss
The only thing that made the opening match of ICC World Twenty20 look like a contest was the behaviour of the Afghanistan cricketers, who found it hard to digest their batting performance against Bangladesh in Dhaka on Sunday. Bangladesh bowled out Afghanistan for their lowest ever Twenty20 International total of 72 runs to remind them where ... Read more
Dhaka Theatre stages Outsider
Noted theatre troupe of the country Dhaka Theatre brought French novelist Albert Camus’ famous novel The Outsider on stage. Translated and directed respectively by Rubaiyat Ahmed and Nasir Uddin Yusuff, the play staged its press show on Friday at the Studio Theatre Hall of Bangladesh Shilpakala Academy. Both the translator and director
Tigers brace for Afghan challenge
The gloom in the face that had typified Bangladesh captain Mushfiqur Rahim in the recent times has gone as Bangladesh prepare to take on Afghanistan in the ICC World Twenty20 opening match in Dhaka today. Mushfiq, backed by their two successive win in the warm-up matches, appeared as confident as ever before the crucial match, ... Read more
We are not playing the names: Nabi
With a full-strength Bangladesh side lying in wait at Mirpur today in the opening game of the ICC World Twenty20 2014, Afghanistan captain Mohammad Nabi said on the eve of the clash that they were not worried about the opposition. Rather, the Afghans will concentrate on playing their own game against Bangladesh in the much-talked about ... Read more
Pakistan not just here for India
Pakistan will open their ICC World Twenty20 campaign with a marquee match-up against rivals India, but captain Mohammad Hafeez stressed on Saturday that his team’s ambitions went far beyond winning that one game. The sides will meet on March 21 at the Sher-e-Bangla National Stadium, the site of their last encounter during the Asia Cup. Pakistan ... Read more
Many RMG units yet to execute new wage structure in 3 months
DIFE official says they have no info A good number of garment factories are yet to implement the new wage structure for workers after more than three months of its announcement. Labour leaders said less than 50 per cent of the factories implemented the new wage announced by a government-formed wage board on December 5 ... Read more
Body on piece-rate workers’ problem moves very slow
Sweater, Knitwear Factory Body on piece-rate workers’ problem moves very slow The working committee formed on January 28 to identify the problems sweater and knitwear factory workers are facing has begun its operation after one month of its formation, frustrating the workers who work under piece-rate system. The committee was supposed to submit its report within ... Read more
Rice, wheat production costs increased
Production cost of rice and wheat in the current Rabi season increased due to higher input prices, agriculture ministry said. The government would take this into account while fixing the procurement prices for boro paddy, rice and wheat, said officials. The growers will not get fair prices unless the government buys directly from them taking the increased ... Read more