Rice prices are likely to pick up this year as traditional buyers return to the market to buy more rice and as an El Niño weather phenomenon expected later this year may reduce rice production in Asia, especially India, according to a biannual global food report published this month by FAO. According to the FAO, global ... Read more
Month: May 2014
Bank interest spread rises further
Interest spread rate in the banking sector increased further in March as 24 scheduled banks failed to maintain the rate below five percentage point in accordance with the central bank’s directions. According to the latest Bangladesh Bank data, the overall interest spread, the gap between the interest rate on credit and deposit, stood at 5.15 percentage
DSE to re-enlist Wata Chemicals
The Dhaka Stock Exchange has decided to re-enlist Wata Chemicals, an over the counter company since 2009, backtracking from the bourse’s earlier decision of not enlisting the company despite a BSEC green signal for enlistment. The DSE issued the approval in a board meeting held on Thursday as the management of the bourse recently visited Wata’s ... Read more
DSE decides to resume Pharma Aids share trading
Share trading of Pharma Aids resume at the Dhaka Stock Exchange tomorrow after three months of suspension. The bourse on February 5 suspended Pharma Airs’ share trading at the bourse. The DSE board on Thursday decided to scrap Pharma Aids trade suspension in a bid to reduce investors’ sufferings and allowing them to trade shares. The DSE bourse
Daring Lover: love, spice and some vice
Standing in front of Almas and Dinar, two most prominent movie halls in Chittagong, I had to make a choice between Daring Lover and Jongoler Tarzan. While the former played at major theatres in Dhaka, the latter took me by surprise. Never heard that such a film was being released! Jongoler Tarzan, the name is self-explanatory ... Read more
Mushfiq for moving on as Jurgensen leaves
Bangladesh captain Mushfiqur Rahim said they should move ahead with a plan for the World Cup 2015 without worrying too much about the departure of head coach Shane Jurgensen. Mushfiq and his fellow team-mates bade farewell to Jurgensen and fielding coach Corey Richards on Thursday at a simple ceremony at the BCB office
North, South meet in BCL final today
Bangladesh Cricket Board North Zone and Prime Bank South Zone will look for their maiden Bangladesh Cricket League title when they will face off in the final beginning at the Sher-e-Bangla National Stadium today. North Zone will go into the five-day final slightly as the favourites after knocking out holders Walton Central Zone in the previous ... Read more
Jamal crush MSC, Abahani win
Sheikh Jamal DC extended their lead at the top of table when they crushed Mohammedan SC 3-0 in their Bangladesh Premier League match at the Bangabandhu National Stadium on Thursday. Nigerian striker Emeka Darlington scored a brace while Haitian forward Sony Norde netted the other goal to secure their 10th victory of the league as Jamal ... Read more
Russell eye win against Sri Lanka Air Force
Defending Bangladesh Premier League champions Sheikh Russell KC will lock horns with local giants Sri Lanka Air Force in their second group A match in the AFC President’s Cup at the Sugathadasa Stadium, Colombo, today. Russell kept their hopes of progressing to the final round alive after managing a goalless draw against group favourites Khan Research
BUDGET FOR FY 2014-15: No money legalisation scope in budget: Muhith
The government will not allow legalisation of undisclosed money in the next budget for fiscal year 2014-15, finance minister Abul Maal Abdul Muhith said on Thursday. ‘There will be no scope for whitening of black money in the coming budget,’ he said at the 35th consultative committee meeting at Pan Pacific Sonargaon Hotel.
Export earning tops $24.65b in 10 months
The country’s total export earnings stood at US$ 24.65 billion in the first 10 months of the current fiscal year 2013-14 with a growth of 13.18 per cent year-on-year due to the rebound of export earnings growth in April. After the disappointing growth of previous three months the export earnings in April stood at US$ 2.41 ... Read more
BSEC chief advises DSE to find foreign strategic investors
Bangladesh Securities and Exchange Commission chairman M Khairul Hossain on Thursday advised the Dhaka Stock Exchange to find one or more renowned foreign strategic investors for the demutualised bourse as soon as possible. The BSEC chairman gave the advice when the DSE board made a courtesy visit to the commission following the extension of the
BUDGET CONSULTATIVE COMMITTEE MEETING: Businesses demand measures to protect local industries
The Federation of Bangladesh Chambers of Commerce and Industry on Thursday suggested that the government should take a set of fiscal measures to protect domestic industries from uneven competition with imported finished goods and make the local industries competitive in the export market. At the 35th consultative committee meeting on budget,
Trade deficit widens to $4.94b in Jul-Mar
The country’s trade deficit increased to $4.94 billion in July-March of this fiscal year against $4.86 billion during the same period of the FY13 because of a sudden jump in import in the last few months with a decreased export growth. A Bangladesh Bank official told New Age that the country’s trade deficit widened in March ... Read more
Stocks decline on Muhith’s ‘no’ to money legalisation in next budget
Dhaka stocks declined on Thursday after rising for three trading sessions as investors became shaky following the finance minister AMA Muhith’s remark that the government will scrape the scope of legalising undisclosed money from the next fiscal budget. The key index of the Dhaka Stock Exchange, DSEX,
AD vacates HC stay order on KPPCL IPO subscription
The Appellate Division of the Supreme Court on Thursday vacated a High Court order halting collection of subscription fees for initial public offering of Khulna Printing and Packaging Limited. The Appellate Division chamber judge, Justice Hasan Foez Siddique stayed for two weeks the HC order issued on Wednesday. The HC had passed the
Cultural organisations celebrate Rabindra Jayanti
Today is the 153rd birth anniversary of one of Bengali literature’s brightest stars, Rabindranath Tagore (1861-1941). Different cultural organisations have chalked out an array of programmes at different venues to celebrate the timeless works of the Nobel Laureate poet, author, playwright, lyricist, musician and artist to mark the occasion. A five-day National Rabindra Sangeet Festival
BCB served with legal notice
The Bangladesh Cricket Board was served with a legal notice on Wednesday by Channel-9 after the channel was barred from buying the tender documents for the media and broadcasting rights for financial disputes. Enayatur Rahman Bappy, the owner of the channel, said they had no choice but to take the legal course as the BCB denied ... Read more
Sk Jamal, MSC face off today
The 14th round of the Bangladesh Premier League football kicks off today with table-toppers Sheikh Jamal Dhanmondi Club facing Mohammedan Sporting Club at the Bangabandhu National Stadium. In another match, Abahani Limited will be looking to return to winning ways against Team BJMC after a heartbreaking 0-1 loss to arch-rivals Mohammedan in the previous match.
Import soars by 30.61pc in March
The country’s overall imports increased by 30.61 per cent in March of this year against a negative growth of 5.38 per cent in the corresponding month of the last year due mainly to higher import of food, petroleum and chemical products. According to Bangladesh Bank data released on Wednesday, the overall settlement of letters of credit, ... Read more