Failure To Display Price Chart Traders warned of licence cancellation The commerce ministry on Wednesday asked traders to display the price list of products in front of the shop and warned that if any traders failed to do so they would lose their trade license. In a meeting with the traders on prices and supply of ... Read more
Month: June 2014
More trouble for 10-digit TIN holders in new FY
Holders of traditional 10-digit taxpayers’ identification number will face more hassle as their income tax returns will fall under mandatory audit system, officials of the National Board of Revenue said. They would also be denied around 30 services including registration and fitness renewal of car, opening letters of credit, getting loans and credit cards, ISD
Imports rise by 20pc in May on Ramadan item inflow
Imports posted a 20.21-per cent growth in May this year compared with that of 4.48 per cent negative growth in the same month last year due to a rise in payment of bills for food products imported to meet demand for the items in the upcoming Ramadan. According to the Bangladesh Bank data released on
BSEC warns DSE MD for giving inappropriate opinion
The Bangladesh Securities and Exchange Commission has warned Swapan Kumar Bala, managing director of the Dhaka Stock Exchange, for not adopting cautious approach in giving his opinion on transfer of units of two mutual funds. Trust Bank Investment Limited in December last year
Lafarge to remain in Z category till final dividend
Lafarge Surma Cement, which recently declared interim dividend, will remain at the junk Z category until it declares and disburses final dividend after the end of the year 2014, an official of the Dhaka Stock Exchange told New Age on Thursday. He said that the Bangladesh Securities and Exchange
JS body for VAT withdrawal on mobile set import
The parliamentary standing committee on Ministry of Posts, Telecommunications and Information Technology Thursday discussed the issue of withdrawal of VAT on mobile phone handset import. The parliamentary body has suggested the ministry to take necessary measure after consulting with the finance minister. The finance minister in the proposed
Facebook web site crashes temporarily
Facebook Inc’s web site crashed briefly on Thursday, temporarily preventing computer and mobile phone users from reaching the site around the globe, reports Reuters. During the outage, Facebook users ranging from Australia to South Korea to India and Britain were greeted with a message saying ‘Sorry, something
DiCaprio gives 7m for ocean conservation
Leonardo DiCaprio has pledged $7 million for ocean conservation, reports femalefirst.co.uk. The ‘Wolf of Wall Street’ actor spoke at the State Department’s Our Ocean Conference in Washington yesterday (17.06.14), to decry ‘’the Wild West on the high seas’ and called for moves to curb ‘plundering the ocean and its vital resources’ as he vowed to ... Read more
Ashraful banned for eight years, fined Tk 10 lakh
The Anti-Corruption Tribunal, set up by the Bangladesh Cricket Board to deal with the Bangladesh Premier League match-fixing issue, on Wednesday suspended former national captain Mohammad Ashraful for eight years and fined him Tk 10 lakh. The Tribunal, which announced the sanction after a long hearing at its Gulshan office, also banned Dhaka Gladiators managing
Tigers out to restore pride
A dejected Bangladesh will take on India in the third and final one-day international of a three-match series at Mirpur today hoping to restore some pride after humiliating defeats in the first two matches. The Tigers were put into shame when an inexperienced Indian line-up dismissed them for just 58 runs, their lowest ever ODI total, ... Read more
New monetary policy to eye more credit for pvt sector
Bangladesh Bank is likely to increase private sector credit growth target in the upcoming monetary policy for the financial year 2014-15 in a bid to stimulate dwindling private sector, said officials of the central bank. The BB may announce the monetary policy in the second week of July. A BB official told New Age on Wednesday that ... Read more
BB award for Mozaffer, Swadesh
Mozaffer Ahmed and Swadesh Ranjan Bose jointly got the Bangladesh Bank Award-2013, a BB press release said on Wednesday. Both of the economists were awarded posthumously. ‘Professor Dr Mozaffer Ahmed was an exceptional and multitalented researcher,’ the central bank said while announcing the award. The BB also mentioned that Mozaffer contributed
Confusion arises over Lafarge category after interim dividend
DSE seeks clarification from BSEC Dhaka Stock Exchange has requested the capital market regulator to clarify in what category the Lafarge Surma Cement, which is now under junk Z category, will be placed after the declaration and disbursement of 5 per cent interim cash dividend by the company. Lafarge, which has been under Z category for ... Read more
BTRC issues 2 NIX licences
The Bangladesh Telecommunication Regulatory Commission has awarded two National Internet Exchange licences for the first time to route domestic internet traffic. BTRC chairman Sunil Kanti Bose on Wednesday handed over the licences to Bangladesh Internet Exchange Trust and Novocom at BTRC, said a news release. Novocom managing director Syed Moinul Haque
150 young artists display diversity
The first impression one is likely to get at the 19th Young Artist Art Exhibition 2014 is the amazing diversity of mediums, styles and categories of artworks on display. More than 200 artworks by 150 young artists have been selected for display in the 19th edition of the biennial young artist art exhibition. The exhibition, ... Read more
Shongram to get world premiere at LIFF in London
Munsur Ali’s Shongram has been officially selected for the 5th London Indian Film Festival (LIFF). The red carpet world premiere of the film will take place on July 14 in London. The film will be screened at The O2 in London. Besides, the film will have a special screening at London’s Leicester Square on July ... Read more
Tagore’s Shey to be staged at Shilpakala tomorrow
Nobel laureate poet Rabindranath Tagore’s Shey will be staged at the Experimental Theatre Hall of Bangladesh Shilpakala Academy at 6:30pm tomorrow. Shey is the 30th production of popular theatre troupe Padatik Natya Sangsad. Tomorrow’s staging will be their 14th show of the play. The play has been adapted and directed by Debashish Ghosh from Tagore’s collection ... Read more
Govt spurred to formulate GI Act regulations immediately
The government should formulate the relevant rules and regulations of the Geographical Indication Act 2013 in order to protect the patent rights of traditional products, speakers at a discussion meeting on Tuesday said. The discussion on protecting Jamdani as a Geograpic Indication of Bangladesh was jointly organised by Centre for Policy Dialogue and
Aman Cotton, 2 issuers fined Tk 15 lakh for IPO doc forgery
Bangladesh Securities and Exchange Commission fined Aman Cotton Fibres Limited, a yarn making company, and two of its issue managers Tk 15 lakh for providing forged documents with the applications for approval of initial public offering. Aman Cotton, which recently applied to the BSEC to go for IPO for raising Tk 100 crore from the investors, ... Read more
Another RMG unit shut in Ctg
Factory Inspection Another RMG unit shut in Ctg The government-set review panel on Tuesday ordered suspension of production at a garment factory in the Chittagong port city following detection of structural flaws in the unit by European retailers’ inspection teams. The experts of the review panel comprising representatives from the government, EU Accord, North American Alliance, ... Read more