Urges govt not to impose gain tax on individual investors Leaders of the Bangladesh Merchant Bankers Association on Tuesday opposed the finance minister AMA Muhith’s latest remark on capital market investors. Such remark from the government will affect the overall capital market, they said while addressing a post-budget press conference held at a city hotel.
Month: June 2014
BB launches automated system to detect weak NBFIs
Bangladesh Bank on Tuesday introduced an automated system to identify the weak and problem-ridden non-bank financial institutions considering their financial capabilities. The BB introduced the new system to detect the financial problems of the NBFIs in the quickest possible time which will protect the financial institutions from an unexpected business crisis.
Stocks hit 5-month low amid budget disappointment
Dhaka Stock Exchange fell for the third trading session on Tuesday with the its key index, DSEX, hitting five-and-half month low as dissatisfied investors continued to sell shares fearing further fall in the market. DSEX fell by 0.45 per cent, or 19.88 points, to stand at 4,338.87 points on Tuesday, the lowest after 4,330.63 points on ... Read more
Father, son bring their tale on to canvas
There is no other relationship like one that exists between a father and a son. According to the needs of a son, a father has to play many roles in their relationship. Sometimes, he has to take the toddler on his back to give him a make believe ride on the back of a horse, ... Read more
Nicole Kidman, Keith Urban sing for sick children
Oscar-winning actress Nicole Kidman and singer husband Keith Urban performed for sick children at a hospital, reports India Today. The couple sang an emotional version of Amazing Grace in front of patients, their families and members of staff at the Monash Children’s Hospital in Australia yesterday, reported Female First. The 46-year-old singer pulled out
Jennifer Lopez says no to retirement
Jennifer Lopez has no plans of bidding adieu to music when she will grow old, reports Indian Express. Singer Jennifer Lopez has no plans of bidding adieu to music when she will grow old. Lopez, 44, said she won’t be bowing to pressure to consider retirement as she grows older because she is determined
Tigers look for a series turnaround
Bangladesh are hoping to keep the ongoing three-match one-day international series alive when they take on India in the second ODI at the Sher-e-Bangla National Cricket Stadium today. An under-strength India went 1-0 up in the rain-interrupted opener to pile more misery on the hosts, who were looking to make a turnaround from their recent woes ... Read more
Reserve tops $21b as idle dollars keep piling up
The country’s foreign exchange reserves crossed $21-billion mark for the first time on Monday as Bangladesh Bank purchased US dollars worth around $5 billion this fiscal year to keep taka stable against greenback. A BB official told New Age that foreign exchange reserves stood at $21.03 billion on Monday as the central bank purchased $87 million ... Read more
Deals signed with JICA for $1.18b in loan
An agreement for Japanese loans worth US$ 1.18 billion to implement five development projects was signed in Dhaka on Monday. The projects include a coal-fired power plant and efficient use of natural gas in the energy-starved country. Three other projects are linked to improvement of city
Supply shortage pushes up fruit prices
Anti-Formalin Drives Supply shortage pushes up fruit prices The prices of mangoes and litchis increased in the city’s retail markets in the last few days due to a supply shortage of the summer fruits amid government’s drives against chemically-treated fruits. The government began the drives against the malpractice on June 9. On June 13, Dhaka Metropolitan ... Read more
BB moves to cut fee for MFS transaction
Committee formed to formulate guidelines Bangladesh Bank has taken initiative to reduce the transaction fee for mobile financial service as the clients are now giving their respective banks charges between Tk 18 and Tk 20 for a single transaction amounting to Tk 1,000 through the service. The central bank has already formed a technical committee
IDRA scraps appointment of Progress Life’s CEO
Insurance Development and Regulatory Authority has scrapped the appointment of Syed Tanvir Alam as the chief executive officer of Progressive Life Insurance Company for hiding experience-related information. As per the insurance rules, any person needs to have at least 15 years of experience in the related field including three years experience as the second highest
Artists demand permanent structure at Chhobir Haat
Artists and cultural activists who joined the protests against the Public Works Department drive that resulted in damage of paintings at Chhobir Haat, , where artists showcase their works, have demanded a permanent structure at the place. Chhobir Haat is a popular site at the entrance to Suhrawardy Udyan in the capital Cultural activists who ... Read more
Monsoon welcomed with zeal and fervour
There was no drizzling rain but a scorching sun, no thunderstorm but hot weather with suffocating humidity. Still, the songs depicting the spirit of rain and thunder, words praying to get rid of the heat of the sun and dancers in eye-soothing attires, brought about the feeling of a splash of downpour as cultural organisations ... Read more
Weak India too good for Tigers
India romped to a seven-wicket win in the rain-hit first one-day international against Bangladesh taking 1-0 lead in the three-match series in Dhaka on Sunday. Set a revised target of 150 in 26 overs, India, who are without at least seven regular players, reached 153-3 with seven balls to spare. The visitors
‘A’ team ride on Kayes fifty
Bangladesh-A team recorded their first victory on the West Indies tour when they defeated Sagicor High Performance Centre by six wickets in the first T20 at the Kensington Oval on Saturday. Chasing 152, Kayes gave his team a solid start by hitting a quickfire 50 off 21 balls as they reached 71 in within the sixth ... Read more
May export growth knocks 11-month earning out of target track
The country’s export earnings in the first 11 months of the current fiscal year 2013-14 stood at $27.37 billion, 0.21 per cent short of the target due to a weak earning growth in May, showed the data released by Export Promotion Bureau on Sunday. Despite setbacks in jute exports, the readymade garments
Stocks sink on Muhith’s ‘touts’ comment
Dhaka stocks declined significantly on Sunday, first trading session of the week, following demoralising comments made by the finance ministry high-ups on the capital market and stock investors on Thursday, market operators said. The key index of Dhaka Stock Exchange, DSEX, finished at 4,361.58 points, shedding 1.07 per cent or 47.21 points. Finance
Banks asked to assist importers in opening LCs
Ramadan Item Import Banks asked to assist importers in opening LCs Bangladesh Bank on Sunday asked the scheduled banks to extend their cooperation to the importers of essential commodities so that they (importers) can open easily letters of credit against such items to meet demand for the commodities in the upcoming Ramadan. The BB issued a ... Read more
Farm loan disbursement rises by 8.66pc in July-May
But 12 banks release below 70pc of targets Farm loan disbursement posted an 8.66-per cent growth in 11 months of the current financial year 2013-14 compared with that in the same period of the FY13 although 12 scheduled banks disbursed below 70 per cent of their loan targets to farmers in the period. According to ... Read more