Friday, March 29, 2024

Russell leave with high hopes

Reigning Bangladesh Premier League champions Sheikh Russell KC will leave for Colombo today to participate in the AFC President’s Cup with an eye on the second round. Abahani Limited participated five times in the President’s Cup, which will be scrapped after this year, but they never could qualify for the final round.

Mohammedan, Abahani lock horns today

Arch-rivals Abahani Limited and Mohammedan Sporting Club will face off in a crucial Bangladesh Premier League encounter today aiming to reduce the gap on table-toppers Sheikh Jamal DC. The match at the Bangabandhu National Stadium will kick off at 6:00pm and will be telecast live on BTV World. Abahani are in the second position with 25 points

Govt mulls widening of tax net, slabs in new budget

Revenue target set at Tk 1,82,520cr for FY15 budget The overall revenue earning target for the upcoming fiscal year will see around 17 per cent rise compared with the revised estimate for the outgoing fiscal year as the finance ministry plans to introduce new tax measures and increase the existing slabs in the new budget. Finance ... Read more

3 RMG factories closed, this time at Alliance advice

Authorities now have started suspending production at garment factories following recommendation of North American retailers’ inspection teams after they closed production at nine units at the suggestion of EU retailers’ assessment teams. Production at three garment factories in the port city of Chittagong has recently been suspended as inspection teams

20 SoEs default on divesting shares in capital market

Finance ministry seeks clarification Some 20 state-owned companies have come under fire from the finance ministry as the boards of those firms defied the instructions of Prime Minister Sheikh Hasina and refrained from offloading the shares of the firms in the capital market. The ministry last week sought clarification from the errant companies for their repeated ... Read more

BB to launch Tk 1,000cr SME refinance, pre-finance schemes

NRBs, World Bank, ADB, European Union to give funds Bangladesh Bank is going to introduce four new refinance and pre-finance schemes of Tk 1,000 crore for small and medium entrepreneurs in a bid to boost the country’s SME sector, said officials. A BB official told New Age on Sunday that non-resident Bangladeshis, World Bank, Asian Development ... Read more

Stocks drop sharply due to BB move, profit-taking

Dhaka stocks fell sharply last week as investors went for selling shares following a central bank move against some banks for increasing their capital market investment beyond the allowable limit. Market operators said investors also booked some profit after gains in the previous week. The key index of Dhaka Stock Exchange, DSEX, lost 2.88 per cent,

Dhaka Bank re-elects chairman

Abdul Hai Sarker has been re-elected as the chairman of Dhaka Bank, said a news release. Sarker also holds different top positions at Bangladesh Textile Mills Association, Bangladesh Association of Banks, and Federation of Bangladesh Chamber of Commerce and Industries. He was an associate director of International Cotton

World Bank approves $12b, five-year loan for Pakistan

The World Bank has approved a $12 billion loan for cash-strapped Pakistan that will be disbursed over five years, the country’s finance ministry and the global lender said on Friday, reports Reuters. The ministry said the money will target ‘energy, economy, (fighting) extremism and education’, with $1 billion being transferred to Pakistan in this week. The loan

B’desh aims to become world’s leading cotton importer: report

Bangladesh, the world’s third largest cotton importer according to the US Department of Agriculture, is on a mission to topple No 1 importer China, reports Wall Street Journal. ‘Obviously, we wish to take China’s place, and that day is not so far off — two, three years’ time,’ Mehdi Ali, general secretary of the Bangladesh ... Read more

Jurgensen’s resignation not a surprise for BCB chief

Bangladesh Cricket Board president Nazmul Hasan said on Friday that the resignation of head coach Shane Jurgensen did not come as a surprise and they are not willing to make an approach to keep him for long. ‘When a tournament ends and the performance of the team is not up to the mark, the coach is ... Read more

Mushfiq admitted to Apollo with liver problems

Bangladesh national cricket team captain Mushfiqur Rahim was admitted to Apollo Hospitals on Thursday as he had been suffering from fever for the last four days and after some tests he was diagnosed with some complications in his liver, Bangladesh Cricket Board’s physician said on Friday. Mushfiq’s unexpected illness came as a major blow for BCB ... Read more

Sheikh Jamal blank Muktis

Table-toppers Sheikh Jamal Dhanmondi Club defeated Muktijoddha Sangsad KC 2-0 in the Bangladesh Premier League at the Banganbandhu National Stadium on Friday. After a draw with Feni Soccer in their previous match, Jamal managed their ninth victory in the league and they are only side to stay unbeaten.

Prices of onion, potato, broiler rise

The prices of onion, potato and broiler increased in the city’s kitchen markets over the week ending Friday. Traders said that a supply shortage pushed the prices of the items in the last couple of days. Onion price went up by Tk 5 a kilogram and the item was selling at Tk 30-Tk 35 a kg on ... Read more

Sales of air conditioner, refrigerator jump amid sweltering heat

The country is experiencing a sweltering heat with the creeping up mercury mercilessly, prompting the city dwellers to buy electronic home appliances such as air conditioner and refrigerator. Producers and importers say they are in pressure to supply the home appliances to meet the escalating customers’ demand for the same as most of their stocks are

Biman to carry Hajj pilgrims with own aircraft this year

Biman Bangladesh Airlines has decided to carry Hajj pilgrims this year with its own aircraft without taking any wide-bodied aircraft on lease as in previous years. ‘Yes, we’ve decided to carry Hajj pilgrims by our own aircraft,’ Biman acting director (planning) Md Belayet Hossain told the news agency over telephone on

Net investment in NSCs soars

But sales of savings tools drop The net investment in the national savings certificates and bonds increased by 977.30 per cent in the first nine months of the current financial year 2013-14 compared with that in the same period of the FY13 due to a decreased premature cashing by clients. According to the Directorate of National ... Read more

DSE chief tech officer resigns

Dhaka Stock Exchange’s chief technology officer ASM Khairuzzaman on Wednesday resigned from his post in the bourse. Asked, Khairuzzaman told New Age that his decision was based totally on personal ground. ‘I have worked at the bourse for 16 years. The journey with the bourse was nice,’ he said. Khairuzzaman’s resignation came at a time when the bourse ... Read more

Dance: source of strength, courage and inspiration

There are dances for every occasion and emotion, which is why it has the potential to serve as a means of expression for all who embrace it. In the moments when our longest yearnings materialise, we often start dancing even without being aware of it. Dance gives us strength, courage, inspiration and perseverance to carry ... Read more

BCB left waiting for Jurgensen

The Bangladesh Cricket Board is being kept on their toes as the wait for Shane Jurgensen lingers on after the Australian head coach of the national team, who resigned recently, changed his arrival flight schedule. BCB’s cricket operations chairman Akram Khan said on Tuesday that Jurgensen was expected on Wednesday rescheduling his original arrival date on