Islamic Development Bank president Ahmad Mohamed Ali on Monday said that there was no scope of providing terrorist financing through the Islamic banks. It is a wrong conception that more scopes are available to finance terrorism through the Islamic banks, he said. The IDB president made the comments
Month: April 2014
Banks, NBFIs fall short of SME loan release target in Q1
Scheduled banks and non-bank financial institutions failed to fulfil their target of SME loan disbursement in the first quarter of this year due to political and business uncertainty, said officials of Bangladesh Bank. According to the BB data released on Monday, the banks and the NBFIs disbursed 23.77 per cent SME loan amounting to Tk 21,053.41 ... Read more
Stocks fall for second day as more price corrections loom
Dhaka stocks declined for the second trading session on Monday as investors were anticipating further corrections in share prices after a six-trading session rise. Market operators said speculation that the war crimes tribunals might pronounce their verdicts against some war crimes accused soon made investors
1134 LIVES NOT NUMBERS : Rana Plaza victims remembered
The five-day photography exhibition titled 1134 Lives not Numbers featuring Rana Plaza catastrophe ended with a musical programme at Pathsala premises at Panthopath in the capital on Saturday. Organised by Pathshala South Asian Media Institute, the exhibition featured images by 19 photographers showcasing the aftermath of the horrific accident and paying homage to
Shane safe, Corey faces the heat?
The Bangladesh Cricket Board is unlikely to take any action against head coach Shane Jurgensen and has rather shifted its focus on Australian batting and fielding coach Corey Richard, the officials said ahead of a crunch Board of Directors meeting today. The emergency meeting was convened to discuss the media rights for which the BCB is
BCB lifts ban on Gladiators duo
The Bangladesh Cricket Board lifted the provisional ban on Dhaka Gladiators’ left-arm spinner Mosharraf Hossain and pace bowler Mahbubul Alam as the duo came out clean after being charged in the Bangladesh Premier League’s match-fixing scandal. BCB’s acting chief executive officer Nizamuddin Chowdhury said there is no bar
English club side all out for three
England’s cricketers may have suffered the embarrassment of a World Twenty20 defeat by the Netherlands and a 5-0 Ashes thrashing in Australia but even they were never bowled out for three as happened to one club side on Saturday. Wirral, from north-west England, were dismissed for just three away to Haslington in a Cheshire League ... Read more
Spirited Feni Soccer hold Jamal
Feni Soccer Club came from two goals down to hold title contenders Sheikh Jamal Dhanmondi Club 2-2 in a thrilling Bangladesh Premier League match at the Bangabandhu National Stadium in Dhaka on Sunday. Haitian Wedson Anselme struck twice inside the first 30 minutes to put Jamal ahead and Feni responded almost immediately,
Addl import tax on most items to go in July ’15 Says NBR chairman
There will be no supplementary duty and regulatory duty on import of products, except 147 items, from July 1, 2015, said National Board of Revenue chairman Ghulam Hussain on Sunday. He advised the entrepreneurs of domestic industries to be prepared for a new duty structure in which local industries would get no protection from imported goods. ‘There
Few factory owners’ anti-union actions hurt RMG sector reputation: asstt USTR
Assistant United States Trade Representative Mike Delaney on Sunday said that the anti-trade union actions of some of the garment factory owners were affecting the international reputation of Bangladesh’s RMG sector. ‘It may be that the factory owners who are not willing to work with the unions are a minority, but that should be no defence
Muhith sees no future of jute, sector not to get budgetary allocation
Finance minister AMA Muhith on Sunday said there was no benefit by allocating budgetary fund for the public sector jute mills because of falling demand of jute in the global market. He said no allocation would be kept in the budget for 2015-16 for any new school under the monthly payment order that has been destroying ... Read more
Full-strength Tigers for the Asian Games
The Bangladesh Cricket Board intends to send a full-strength squad at the Asian Games 2014 in a bid to retain the gold medal Bangladesh won in China four years ago. The selectors named a 27-member preliminary squad for the Games, which will be held in Incheon, South Korea, in September-October this year.
Russell’s BPL woes continue
Defending champions Sheikh Russell Krira Chakra continued their bad run when they lost 1-0 to Brothers Union in the second phase of the Bangladesh Premier League at the Bangabandhu National Stadium on Saturday. In the first phase, they had also lost to Brothers by the same margin. Though, Rubel Miah was the hero for the winners ... Read more
Economists for realistic budget targeting job creation
Economists at a pre-budget discussion on Saturday urged the government to prepare a realistic budget with more focus on employment generation schemes, education and health. They also suggested the government that it should enhance direct tax and reduce dependency on borrowings from the local sources to meet budget deficit.
Foreign loans for social safety net to drop in new FY
Foreign loans for the social safety net projects are likely to fall in the new fiscal year as the lenders are showing more interest in the infrastructure and transport sector deals. The Economic Relations Division officials said they were expecting to strike deals worth only US$ 71.4 million with the lenders on the social protection ... Read more
Life insurance cos premium earning dips in 2013
The premium earning of life insurance companies decreased by Tk 43.13 crore in 2013 compared with the previous year. The life insurance companies in 2103 registered premium earning of Tk 6,539.87 crore compared with Tk 6,583 crore in 2012. Experts in the insurance sectors said that the premium earning of the existing life insurance companies declined last ... Read more
Poor remittance inflow may hit rural economy: UO
Unnayan Onneshan, an independent think-tank, has said declining trend in the inflow of remittance might put adverse impact on rural economy, causing increase in poverty. The rate of remittance inflow declined by 6.93 per cent during the period of July-February of the current financial year 2013-14 from the corresponding period
Confined lives and dreams
Stories of Rana Plaza victims in theatre The Rana Plaza catastrophe has invoked different artistic and literary responses from cultural and theatre activists and artistes over the last year. Creative minds of the country have come up with poems, songs, theatre productions and paintings to express their reactions following the tragic incident that shook the ... Read more
Tigers realising the benefits of counselling
Bangladeshi cricketers have started to realise and feel the importance of psychological skill development as they lined up for individual sessions with their Canadian sports psychologist of Bangladeshi origin, Ali Azhar Khan, at the BCB academy building at Mirpur on Friday. The Bangladesh Cricket Board has recruited Khan for a three-day of counselling for the Tigers
Pakistan appoints its biggest-ever selection team
Pakistan cricket chiefs Friday appointed a six-member selection committee—the biggest in its history – to choose the team to start a hectic season leading up to next year’s World Cup. Former captain Moin Khan will head the committee, two members larger than usual, the Pakistan Cricket Board announced. ‘Former Test players Saleem Yousuf, Shoaib Mohammad,