Factory inspection department survey finds A Department of Inspection for Factories and Establishments survey has found that 49 per cent of the country’s readymade garment factories do not take approval from factory inspectors for additional working hours at their units. DIFE officials said that taking approval from factory inspector for additional working hours is mandatory. The DIFE ... Read more
Month: May 2014
Sonali Bank suffers Tk 895cr capital shortfall again
Bangladesh Bank on Sunday asked Sonali Bank to raise fund maintaining its minimum capital requirement as the bank suffered a capital deficit of Tk 895 crore as of December 31, 2013. The BB also asked the four state-owned banks — Sonali, Janata, Agrani and Rupali — to speed up their monitoring on the loans which had ... Read more
Export to India slumps by 32pc in 10 months
Bangladesh’s export to India slumped by 32.22 per cent in the first 10 months of the current financial year 2013-2014 compared with the same period of the corresponding period of the FY13. Economists and Bangladesh Bank officials said that political unrest in first six months of the FY14 coupled with continuous non-tariff and para-tariff barriers put ... Read more
Indian team in Dhaka for talks to buy 10 Gbps bandwidth
India has proposed Bangladesh to buy 10 Gbps (Gigabits per second) bandwidth for its north-east state, said officials. They said a visiting delegation of Bharat Sanchar Nigam Limited had expressed its interest during a meeting with Bangladesh Submarine Cable Company Limited that deals with the bandwidth. Talking to the news agency, Abubakar Siddique,
Microcredit progs expanded to a large extent: Muhith
Terming microcredit as a powerful tool for alleviating poverty, finance minister AMA Muhith on Sunday said microcredit programmes have been expanded in the country to a large extent as it now accounts for 33 per cent of the country’s overall credit portfolio. ‘The microcredit accounted for 4 per cent of the country’s
Dahlia, Nayan present Tagore extravaganza
Dahlia Ahmed’s commendable recitation of classic Tagore poems and melodious performance of Tagore songs by Indian artiste Nayan Mukherjee entertained the audience at Indira Gandhi Cultural Centre at Gulshan in the capital on Friday. It turned out to be a Tagore extravaganza as the melody of Tagore’s songs was followed up with captivating lines
Nasir hits form but North fall short
National batsman Nasir Hossain returned to some sort of form with a half-century, but his effort was not good enough as the Bangladesh Cricket Board North Zone conceded a 36-run deficit to Prime Bank South Zone in Bangladesh Cricket League’s final on Saturday. Nasir scored 70 from 113 balls, his first fifty in any form of ... Read more
Nasir to lead A team in West Indies tour
The Bangladesh Cricket Board on Saturday named a star-studded A team for the West Indies tour which will begin later this month. Batsman Nasir Hossain will lead the team during the tour featuring two four-day matches, three one-dayers and two Twenty20 matches. Middle-order batsman Naeem Islam was named his deputy. The team, which also
Country faces capital outflow as local investment dips: Muhith
Finance minister AMA Muhith on Saturday said that there had been capital flight from the country to Dubai of the United Arab Emirates and Malaysia in the absence of private sector investment. He observed that the special incentives given since `70s for legalising undisclosed money were ‘totally useless’. Muhith was speaking at a pre-budget meeting with
Diversify items to tap bigger export market share
Say foreign diplomats at DCCI meet Foreign diplomats on Saturday said that Bangladesh should diversify its exportable products to tap significant share of the export market taking advantages of duty-free market access and other factors in different countries. At a roundtable discussion organised by the Dhaka Chamber of Commerce and Industry, they also suggested that the ... Read more
Agri ministry terms crop insurance ‘unrealistic’
The agriculture ministry has opposed a move to introduce crop insurance terming it ‘unrealistic’ for Bangladesh, a disaster-prone country with huge small-scale farmers, officials said. The ministry last month forwarded its opinions to the banking and finance division of the ministry finance suggesting that the crop insurance should not be
Ctg customs wants marine unit to prevent smuggling
Chittagong Customs House has recently made a proposal to the National Board of Revenue to form a customs marine unit for intensifying monitoring activities to prevent smuggling and offences related to export-import on the international water boundary of the country, customs officials told New Age. They said incidents of smuggling and leakage of products had
Govt to develop 2,000 IT entrepreneurs
The government is going to develop 2,000 entrepreneurs in IT sector under ‘Freelancers to Entrepreneurs Development Programme’. The programme will be launched today in 64 districts simultaneously aimed at developing entrepreneurship on outsourcing. In Dhaka, posts, telecom and communication technology minister Abdul Latif Siddique
Saudi Arabia bans import of chilli from India
Indian chilli has been banned in Saudi Arabia, the fifth-largest importer of fresh vegetables from India, citing the presence of high pesticide residues in it, reports Press Trust of India. ‘We have been informed about the Saudi ministry of agriculture’s decision to ban chilli pepper beginning May 30,’ said Surinder Bhagat, second secretary
Stocks drop for 2nd week on weak law and order situation
DSE Weekly review Dhaka stocks fell last week, second week in a row, as investors became shaky due to worrying law and order situation and a central bank move against some banks for increasing their capital market investment beyond the allowable limit, market operators said. They said finance minister AMA Muhith’s announcement on Thursday that the ... Read more
Chhayanaut celebrates Tagore’s birth anniv
Evergreen Tagore songs once again entertained a packed audience at a programme at Chhayanaut on Thursday evening. Even the gloomy and humid weather could not thin down the crowd on the evening who took a nostalgic trip with the Tagore songs that never get old. The event was arranged by Chhayanaut to celebrate the legend’s ... Read more
Terrific Taijul destroys South Zone
Left-arm spinner Taijul Islam continued his wicket-taking spree as he wreaked havoc on Prime Bank South Zone by claiming eight wickets, putting BCB North Zone in a comfortable position on the opening day of the Bangladesh Cricket League final at the Sher-e-Bangla National Stadium on Friday. Taijul ripped through the opponents’ batting line-up taking 8-86
Taijul enjoying his success
Left-arm spinner Taijul Islam is enjoying every moment of his new found success as his superlative performance in the Bangladesh Cricket League has started to get him the recognition that he was looking for since 2010. Taijul helped Orient Sporting Club getting the promotion in the Dhaka Premier League in 2010 and immediately caught the attention ... Read more
Russell on brink of qualifying
Bangladesh Premier League champions Sheikh Russell Krira Chakra were on the brink of qualifying for the final round of the AFC President’s Cup after their 5-0 demolition of Sri Lanka Air Force at the Sugathadasa Stadium in Colombo, Sri Lanka on Friday. With the win, Russell are currently topping
Off-season supply shortage pushes up vegetable prices
The prices of vegetables and egg increased in the city’s kitchen markets over the week ending Friday due to supply shortage. Traders said that the prices of some vegetables increased in the market due to off-season supply shortage while increasing demand pushed up the price of egg. The prices of green papaya, cucumber, carrot and