The shareholders of Golden Son at an extraordinary general meeting has rejected proposed rights offer of the listed company due to high premium. The shareholders of the company has disapproved the rights offer as they did not want to pay the premium proposed by the company’s board of directors at the present market condition, sources present ... Read more
Month: June 2014
Chhayanaut recalls Sufia Kamal
Iconic figure of feminism and nationalist movements in Bangladesh, late noted poet Sufia Kamal was remembered on her 103rd birth anniversary at a cultural programme at the auditorium of Chhayanaut on Friday. The event featured presentation of songs and dance that resonated with the theme of monsoon. The programme began with vocal presentation of raga ... Read more
BCB takes Sakib to task for breaking rule
All-rounder Sakib al Hasan admitted that he made a mistake by leaving the dressing room during the recent one-day international against India only to be involved in a scuffle with a spectator. Sakib reportedly beat up a spectator, who had allegedly made a bad gesture towards his wife. His action did not go well with the BCB ... Read more
Economists for political stability for sustainable growth
Low manufacturing, pvt investment growth affecting economy: Muhith Economists on Saturday underscored ensuring political stability and rule of law and improving connectivity and skill for attaining sustainable economic growth at higher rate in the country. At different sessions of a seminar ‘Vision 2030: a framework for economic policy making and strategy formulation in a pluralistic democracy’, ... Read more
Scammers’ punishment can restore confidence of investors: economists
Capital Market Scammers’ punishment can restore confidence of investors: economists Ensuring punishment for the people involved in capital market scam can restore confidence of investors which is essential to bring back the country’s stock market on right track, economists said on Saturday. At a session of a seminar on ‘Vision 2030: a framework for economic policy ... Read more
Muhith plans to redesign banking, financial policies
Tackling Scams Muhith plans to redesign banking, financial policies Finance minister AMA Muhith, in the face of mounting pressures to cleanse the tainted state-controlled banks, might seek to redesign policies to better govern the poorly-run financial system. The minister, apparently perturbed by a number of infamous loan scams, the latest being the banking fraud of around ... Read more
BSEC makes ICB independent directors ‘ineffective’
The Bangladesh Securities and Exchange Commission has waived some conditions of the corporate governance guidelines for the Investment Corporation of Bangladesh virtually making the independent directors in the state-owned financial institution ineffective. The waiver has drawn criticism from the stock market
Budget continues to haunt stocks
Dhaka stocks declined last week in volatile trading with a significant decline in turnover as investors were demoralised following remarks made by the government high-ups in the previous week. The key index of Dhaka Stock Exchange, DSEX, finished at 4,328.4 points, shedding 2.82 per cent or 80.40 points. Daily average turnover of the bourse dropped to
Folklore Summer School at Bangla Academy
Late novelist Akhteruzzaman Elias, in his acclaimed essay ‘Sangskritir Bhanga Setu’ (Broken Bridge of Culture), elucidated what happens when we forget our roots, when the link between tradition and modernism gets infringed. Modernism, to be of any benefit and fruitfulness, must connect itself to what has gone before, to what sustains the life-line of common people. ... Read more
Sanglap Group Theatre celebrates founding anniv
Popular theatre troupe Sanglap Group Theatre celebrated its 36th founding anniversary and staged one of its well-known plays Badnam to mark the occasion at the Studio Theatre Hall of Bangladesh Shilpakala Academy on Wednesday evening. Sanglap Group Theatre’s Badnam is an adaptation of a short story of Tagore with the same title. Directed and
Bunan stages Nakshi Kanthar Maath for a cause
Bunan Theatre demonstrated their support for the children of sex workers through staging of its popular production Nakshi Kanthar Maath at the Experimental Theatre Hall of Bangladesh Shilpakala Academy on Friday evening. All funds accumulated through ticket selling of the show will be used by the troupe to purchase books and clothes for 35 children of ... Read more
McConaughey honoured for True Detective
Oscar winner Matthew McConaughey has picked up another best actor award, this time for his performance in HBO’s True Detective, reports BBC Online. The actor was honoured at the fourth annual Television Critics’ Awards, which saw Breaking Bad take home the coveted best drama honour. He credited television with ‘raising the bar for character-driven drama’. ... Read more
Import LC cancellations soar to $910m in Jul-Apr
Cancellations of the import-related letters of credit increased to $909.85 million in the first 10 months of the current financial year 2013-14 from $886.78 million in the corresponding period of the FY13. A BB official told New Age on Thursday that disagreement between importers and exporters and dull business situation in the country amid political unrest
Most merchant banks shun losses in 2013
Most of the merchant banks made profit last year after remaining in losing state since the market crash in 2010-11 despite the sluggish market trend, a BSEC report showed. Of the 38 merchant banks operating their own portfolio investment in the capital market, 27 made Tk 211.72-crore profits in 2013 and seven others
Prices of most commodities remain high
The prices of most of the essential commodities remained high in the capital’s retail markets over the week ending Friday. The prices of most of the commodities are unlikely to come down ahead of the fasting month of Ramadan, traders said. According to the traders, the prices of most of the vegetables
Migrant worker shortage hits Thai rice exports
Though Thailand’s coup has been relatively calm and largely successful in terms of maintaining social order, it’s had a profoundly harmful effect on the country’s lucrative rice-export industry, reports ibtimes.com web site. The Thailand Rice Exporters Association announced Wednesday that severe worker shortages would cause delays in rice export
2nd Bangladesh Fashion Carnival begins June 25
A five-day international exhibition of branded clothing and fashion products will begin on June 25 at Emmanuell’s Banquet Hall at Gulshan-1 in the city. Over 50 companies from home and abroad are participating in this exhibition titled ‘Bangladesh Fashion Carnival-2014’, second of its kind. Freelancerz & Redcarpet Ltd,
Ataur Rahman felicitated on 73rd birthday
Theatre personality Ataur Rahman was felicitated on his 73rd birthday at a programme at the National Theatre Hall of Bangladesh Shilpakala Academy on Wednesday. A seven-day theatre festival titled Manchosarothi Ataur Rahman Natto Utsab 2014, featuring the plays directed by the thespian was inaugurated at the programme that is jointly organised by
Rain ruins third ODI
The third one-day international between Bangladesh and India was washed out by rain at the Sher-e-Bangla National Stadium on Thursday. The play was suspended at least twice before the match officials finally declared the match abandoned at 8:12pm. India were struggling at 119-9 in 34.2 overs after
ADP implementation hits 5-year low in 11 months
The government’s development expenditure in the first 11 months of the current fiscal year experienced a record low at 67 per cent, the lowest in last five years, despite an expenditure spree in May, planning ministry officials said. The sluggish trend in implementation of the annual development programme in July-May has put the possibility of full