Bangladesh Bank on Wednesday said it would seek suggestions from Bangladesh Securities and Exchange Commission when it (central bank) would issue fresh rules and regulations for the country’s capital market. The decision came from a meeting between the BB and the BSEC at the central bank headquarters in the capital. BB deputy governor Abu Hena Mohd Razee ... Read more
Month: May 2014
Online tax return submission from 2015: NBR
The National Board of Revenue is going to launch online income tax return submission system from January 2015 to facilitate hassle-free tax payment by the taxpayers, the revenue board chairman Ghulam Hussain said on Wednesday. He also said that income tax would be the largest sector of revenue collection, for the first time in the country’s
HC suspends KPPL IPO subscription
The High Court on Wednesday stayed further proceedings of collecting applications from small investors for the initial public offering of Khulna Printing & Packaging. The bench of Justice Mirza Hossain Haider and Justice Muhammad Khurshid Alam Sarkar also asked Bangladesh Security and Exchange Commission and
Inflation inches down in April
The country’s overall point-to-point inflation inched down by 0.02 percentage point to 7.46 per cent in April which rose by 0.04 percentage point to 7.48 per cent in the previous month, said officials of Bangladesh Bureau of Statistics on Wednesday. The overall food inflation decreased to 8.95 per cent
Stocks gain for 3rd day despite nervy late hours
Dhaka stocks finished positive on Wednesday, extending the gaining streak to three-day, despite sluggish trading in the late hours following news of some enforcement actions taken by the regulator. The key index of Dhaka Stock Exchange, DSEX, closed at 4,575.50 points, adding 0.27 per cent or 12.53 points. The DSEX gained around 70 points in the
Hasina seeks more UEA, Belgium support
The prime minister, Sheikh Hasina, on Wednesday sought more investment from the United Arab Emirates in socioeconomic and infrastructural development as well as power and energy sectors in Bangladesh. She sought the cooperation when UAE ambassador to Bangladesh Saeed Bin Hajar Al-shehi paid a courtesy call on her at her office. Hasina, in another
Pratham Partha staged
Theatre School Praktani staged three consecutive shows of its recent production Pratham Partha on Friday, Saturday and Sunday. The first two shows were staged at Natmandol of Dhaka University, while the last show was held at Studio Theatre Hall of Bangladesh Shilpakala Academy. Pratham Partha, written by eminent poet-playwright-writer Buddhadeva Bose, is based on the ... Read more
Taijul spins North Zone to BCL final
Left-arm spinner Taijul Islam bagged 11 wickets in the match as BCB North Zone moved into the final of the Bangladesh Cricket League with an easy 51-run win over Walton Central Zone at the BKSP on Tuesday. North Zone will meet Prime Bank South Zone in the final, a five-day match, which will be held at ... Read more
Mahmudullah regrets obscene gesture
National all-rounder Mahmudullah was left to regret for his behaviour in the Bangladesh Cricket League match on Monday that led him to receiving a 100 per cent match fee as fine and two-match suspension. Mahmudullah achieved a rare feat of scoring a century and a hat-trick in the game but saw his performance overshadowed by the ... Read more
Russell begin AFC mission today
Sheikh Russell KC will be looking for a good start when they make their debut in the AFC President’s Cup against last edition’s runners-up, KRL Football Club of Pakistan, at the Sugathadasa Stadium in Colombo, Sri Lanka today. Russell earned the bragging rights to represent Bangladesh in the third-tier Asian club tournament after emerging as the ... Read more
NBR may backtrack from move to slash corporate tax
Board has limited option to offset revenue loss The revenue board plans to backtrack from a move to slash the corporate tax in the upcoming budget as the revenue to be forgone under the fiscal stimulus stands high, and loss offsetting budgetary measures appear limited. Senior taxmen said raising the tax slabs for individuals to offset ... Read more
GP earns Tk 516.01cr in profits in Q1
Country’s leading mobile phone operator Grameenphone on Tuesday reported Tk 516.01 crore profit in January-March period of 2014 compared to that of Tk 453.96 crore in the same period of previous year. The earnings per share of the company is Tk 3.82 after the first quarter compared to that of Tk 3.36 at the same period ... Read more
Engage consuls effectively for more global trade: seminar
Bangladesh should go for expansion of its diplomatic network at a cost effective manner by engaging honorary consuls to expand its position in the global market especially in accelerating trade and attracting investment. ‘Many countries like Canada, Cyprus, Iceland, Mexico and the Philippines are using such services of the honorary consuls as a cost effective
GARMENT INDUSTRIAL PARK: Economists against govt guarantee for foreign loan
The country’ leading economists have opposed a proposal of the apparel manufacturers seeking sovereign guarantee from the government against foreign loan for setting up a garment industrial park in Munshiganj. It will be risky for the government to give sovereign guarantee for the private sector project as the government will be responsible for the
Pvt sector credit growth inches up
The country’s credit growth rate in the private sector increased slightly in March from the previous month but still remained very low as businesspeople continued with their wait-and-see policy because of ongoing political uncertainty. According to Bangladesh Bank data released on Tuesday, the year-on-year credit growth rate in the private sector
Janata Insurance CEO fined Tk 1 lakh
The Insurance Development and Regulatory Authority has fined Janata Insurance chief executive officer Fazlul Haque Tk 1 lakh on charge of providing false information to the regulator and not paying claimed money against an insurance policy. The IDRA also asked the insurance company to pay the due Tk 1.86 lakh with interest to the policy holder ... Read more
RSRM’s Tk 100cr IPO okayed
Bangladesh Securities and Exchange Commission on Tuesday approved Ratanpur Steel Re-Rolling Mills Limited’s initial public offering of Tk 100 crore at an issue price of Tk 40 per share including a premium of Tk 30. The BSEC made the decision in a regular meeting presided over by its chairman M Khairul Hossain. Through the IPO process, RSRM ... Read more
Enticing oriental paintings on display
Every region of the world has its own distinct form of expression in language, in fine arts or whatsoever it is. Paintings that come out of a Japanese painter are reasonably different from those of a German painter, as they are located in different realities, different sensibilities. One common difference used
That’s not cricket, Mahmudullah
All-rounder fined full match fee, suspended for two matches for lewd gesture pointing at dressing room National cricketer Mahmudullah achieved a rare feat on Monday by scoring a century and a hat-trick in the same first class match but spoiled the celebration with lewd gesture using the handle of the bat during the Bangladesh Cricket ... Read more
Baridhara exact revenge on BJMC
Newly promoted Uttar Baridhara took a sweet revenge on Team BJMC with a 3-0 victory in their second meeting in the Bangladesh Premier League at the Bangabandhu National Stadium on Monday. In the first match on January 20, BJMC had thrashed Baridhara 7-0 but this time they meekly surrendered to Baridhara, who tasted their second victory ... Read more