The country’s payment system operators and payment system providers will have to procure licences from Bangladesh Bank to conduct their business operation, said officials of the central bank. Payment system operator (PSO) refers to an entity for operating a settlement system for payment activities between participants of which the principal participant must be a
Month: April 2014
PRE-BUDGET MEETING FY 2014-15: Local industries seek protection from revenue board
Local entrepreneurs on Monday demanded that the National Board of Revenue should provide tax and duty benefits to local industries to protect them from uneven competition with imported finished goods. They also urged the revenue board to prevent under-invoicing and misdeclaration of products by the importers. At a pre-budget discussion, representatives
Singer Bashir Ahmed dead
The Ekushey Padak winning singer Bashir Ahmed died on Saturday night at his Mohammadpur residence. He was 74. One of the most popular singers of the country Ahmed, who dominated the music industry in the 60s and 70s, was eventually buried on Sunday at Tajmahal Road graveyard. ‘I will never see his like.
Dhaka confirmed as NCL champs
Wicketkeeper-batsman Nurul Hasan struck a century as Dhaka Division scored 252 in their first innings against Khulna to take two batting bonus points, which confirmed their title in the 15th National Cricket League at Cox’s Bazar on Sunday. Dhaka, who were 22 points ahead of their nearest rivals Rajshahi after the sixth round, came into this game ... Read more
‘Hard work pays off’
Combined effort and relentless hard work by the not-so-famed domestic cricketers helped Dhaka Division win the National Cricket League title, said coach Wahidul Gani on Sunday. Dhaka were confirmed of at least five bonus points against Khulna in their ongoing match at Cox’s Bazar with two days left, which enabled them to go bey ond the reach ... Read more
Ameli helps MSC edge past Muktis
Mohammedan Sporting Club carried the momentum of their Independence Cup in the Bangladesh Premier League edging past Muktijoddha Sangsad KC 1-0 at the Bangabandhu National Stadium on Sunday. A tenth-minute strike by unmarked Zahid Hasan Ameli helped Mohammedan climb to third position with 17 points from 10 outings. The result took Mohammedan
DEV WORKS, PURCHASE : Public offices to get spending power boost
The government is likely to enhance the existing limits for spending development and non-development funds to procure goods and services by different ministries and agencies between 40 and 60 per cent. Officials of the finance ministry said that the decade-old guidelines on financial powers for development projects and state purchases are set to be revised for ... Read more
ERD slashes foreign loan target by $420m
The Economic Relations Division has lowered the availability for foreign loans by US$ 420 million in the outgoing fiscal year because of slow utilisation of project aids. ERD officials said initial projection of US$ 3,370 million had been revised to US$ 2,950 million after the ministries and divisions could not improve implementation rate of projects funded ... Read more
Travel cost further reduced for Malaysia bound workers
The travel cost for each Malaysia bound worker has been further reduced to Tk 24,000, officials said Sunday. The recruitments would take place under government to government arrangements, they said. Thy said that 120 workers are due to leave for Kuala Lumpur on Tuesday and 124 others on Thursday by Biman paying the lowest ever fare per person. Bureau ... Read more
Tigers get a psychologist
BCB unlikely to take action against Jurgensen The Bangladesh Cricket Board recruited Bangladesh-origin Canadian sports physiologist Ali Khan to counsel the members of the national cricket team in the wake of a disastrous performance in the recent ICC World Twenty20. Ali Khan, a life coach and neuro linguistic practitioner, has received life coaching certification from ‘Robbin-Madaness ... Read more
Dhaka stay in title hunt
Dhaka Division moved a step closer to securing the National Cricket League title when they bowled Khulna out for 243 runs in their first innings on the opening day of their final round match in Cox’s Bazar on Saturday. Dhaka, who need just four points to go beyond the reach of their nearest rivals Rajshahi, ensured ... Read more
Full BPL verdict unlikely before May
The Anti-Corruption Tribunal of the Bangladesh Cricket Board is unlikely to deliver its detailed verdict regarding Bangladesh Premier League’s match-fixing scandal before May, said a Tribunal member on Saturday. The Tribunal on February 26 acquitted six players and officials of match-fixing related offences during the second edition of BPL and found an owner
BCL deferred by four days
The Bangladesh Cricket League has been deferred for four days as the players wanted some more time,’ said officials on Saturday. Earlier, the BCL third round was scheduled to start from April 28 but now it will begin on May 2. ‘We deferred it for four days as the players wanted a break after playing the National ... Read more
It’s getting increasingly tough for bowlers, says Ajmal
Pakistan’s Saeed Ajmal, widely regarded as the world’s best off-spinner, says that life is becoming increasingly tough for bowlers in limited-overs cricket. The 36-year-old believes the Twenty20 format and rule changes in 50-over matches have made a real difference. ‘Times have changed and
Russell sack coach Maruf
Last season’s treble winners Sheikh Russell Krira Chakra sacked coach Maruful Haque and his two assistants coaches and replaced him with Montenegrin Dragan Gjukanovic in a dramatic move on Saturday. Russell are struggling to reproduce their last season’s performance and have already been dethroned in Federation Cup and Independence Cup. The 46-year-old coach,
Only half of downsized revenue target achieved in 8 months
NBR has to collect Tk 56,584cr more in 4 months The National Board of Revenue in the first eight months of the current fiscal year collected only 54.73 per cent of the downsized revenue target set for the entire fiscal year as the growth in revenue collection remained slow, officials said. According to the latest data, ... Read more
BTRC to formulate cost model for all telco services
Bangladesh Telecommunication Regulatory Commission has decided to formulate a cost model to determine the pricing of different services of mobile telecom companies, said BTRC officials. They said BTRC would appoint a consultant soon for the cost modelling of the telcos. The voice service, short and multimedia massage service, video call service and
RMG exporters slam retailers for not hiking prices
Say manufacturers need more money to improve workplace safety The country’s apparel sector leaders on Saturday criticised the global retailers for not increasing prices of the products to help the manufacturers improve workplace safety after the Rana Plaza tragedy. ‘Relocation and remediation are the two main challenges for the manufacturers to make the RMG industry safer ... Read more
NY flight not before next summer: Biman chairman
Biman chairman Jamal Uddin Ahmed has said that it would not be possible to resume Dhaka-New York flight before next summer although immediate past CEO Kevin Steel had declared that the airlines would fly to America continent in summer this year. ‘It would not be wise to resume the flight before
NBR withdraws VAT on indenting commission
The National Board of Revenue has withdrawn value-added tax on commission indenting agents get in foreign currencies from overseas companies, officials said. They said the revenue board had withdrawn 15 per cent VAT on the commission considering the indenting services as export of services.