Exchange Traded Funds DSE holds meeting with AMCs over rules formulation Officials of the Dhaka Stock Exchange on Sunday held a meeting with some asset management companies to discuss the formulation of draft rules for launching index-based exchange traded funds, DSE officials said. As part of the bourse’s business plan approved by the Bangladesh Securities and ... Read more
Month: June 2014
Dakkhina Sundori: celebration of pantheism
The symbiotic relationship between nature and mankind, the inevitable and mutual dependence among diverse elements creates ecological balance in the habitats. If the symbiotic relationship gets lopsided, every living being is sure to suffer in one way or another. The celebration of symbiosis and mutual dependence between elements was the theme
Most Welcome 2 to release during Eid-ul-Fitr
MA Jalil Ananta’s much hyped film Most Welcome 2 is aiming a worldwide release during upcoming Eid-ul-Fitr. Produced and directed by Ananta Jalil himself, the film unsurprisingly will star him in the lead role. The film also stars other actors like Jalil’s wife Barsha, Champa, Sohel Rana and Misha Soudagar. But that’s not all! The ... Read more
Policymakers, economic experts continue with differing views
Proposed Budget For Fy 2014-2015 Policymakers, economic experts continue with differing views A number of government policymakers and economic experts on Saturday expressed divided opinions about the new budgetary proposals during a post-budget dialogue in the city. The government policymakers led by planning minister AHM Mustafa Kamal and state-minister for finance and planning Abdul Mannan praised ... Read more
Kitchen items heating up in city markets ahead of Ramadan
The prices of most of the essential commodities including vegetables, beef, broiler, gram, and puffed rice went up in the capital’s retail markets ahead of Ramadan, fasting month for Muslims. Traders said that the prices of vegetables increased due to a supply shortage and the prices of other commodities rose due to increased demand. The prices of ... Read more
RMG inspection review panel resumes operation
The government-set review panel on the readymade garment factory inspection has started functioning again after about one month of lull as the experts of global retailers’ groups and Bangladesh University of Engineering and Technology have given assurance that they would reduce their differences over safety assessment parameters. Sources
14 IGW operators yet to pay Tk 70cr in annual licence fees
BTRC extends time until June 30 Fourteen International Gateway operators failed to pay the annual license fees in the current year within the stipulated time which caused the government to lose Tk 70 crore in revenue, said officials. Bangladesh Telecommunication Regulatory Commission officials said the commission on Monday decided to give the IGW operators a deadline ... Read more
Investors pass nervy week after budget unveiling
Dhaka stock gained marginally last week, the first week after the finance minister placed before parliament the proposed budget for the fiscal year 2014-15, amid volatile trading as investors were sceptical whether the government would withdrew the proposed gain tax on individual investors or approve it. The key index of Dhaka Stock Exchange, DSEX, finished
Badal Rahman’s death anniversary observed
Late noted film activist Badal Rahman was remembered through a commemorative speech programme on his 4th death anniversary on Wednesday at the Studio Theatre Hall of Bangladesh Shilpakala Academy in the capital. BSA and Movieyana Film Society jointly organised a programme titled Bangladesh-er Pramanno Chitra: Sangskritir Smrity Ebong Itihaser Binirman to mark the occasion. The keynote
BB probes money laundering through sea fish import
Bangladesh Bank has started investigation to unearth money laundering by local businesspeople through import of sea fish from the countries of Middle East, said officials of the central bank. The BB has taken the initiative in line with the commerce ministry directives, they said. The commerce ministry sent a letter to the BB on June ... Read more
Shady stock transactions pose risk of re-inclusion in FATF grey list
Muhith says many share market investors are ‘touts’ Bangladesh is risking of re-inclusion in the grey list by the Paris-based Financial Action Task Force because of monitoring lapse by the share market operators to check shady transactions and money laundering. Bank and financial institution secretary M Aslam Alam on Thursday expressed the concern during a ... Read more
Bangladesh allows foodgrain transit to northeast India
Bangladesh is allowing India to ferry foodgrain to the landlocked north-eastern states using its territory and infrastructure in a highly significant move that was evidently cleared at the highest level, reports Zee News. ‘To begin with, the Bangladesh government has under a special transit facility agreed to transport 10,000 tonnes of foodgrain for
Tofail calls for duty-free access for RMG to US
Commerce minister Tofail Ahmed urged the US to consider duty-free and quota-free market access of Bangladeshi apparels to US market as the initiative can further boost the ongoing progress of the RMG industry that has employed more than 3 million women in the sector. The commerce minister made this appeal while
Atiur finds proposed budget not ambitious enough
Bangladesh Bank governor Atiur Rahman on Thursday said the proposed national budget should have been more ‘ambitious’ to achieve the government’s various targets by 2030. The BB governor made the remark while addressing a seminar on ‘National Budget 2014-2015: Challenges for Implementation’ organised by United International
Stocks remain static in volatile trading
Dhaka stocks remained static on Thursday amid volatile trading as investors opted to take their next investment move considering the outcome of the market operators’ talks with finance minister AMA Muhith on the newly imposed gain tax. The key index of Dhaka Stock Exchange, DSEX, closed at 4,408.80 points, shedding 0.05 per cent or 2.36 ... Read more
54th CTO council to be held in Bangladesh
The 54th council meeting of Commonwealth Telecommunications Organisation will be held in Dhaka in September, Bangladesh Telecommunication Regulatory Commission officials said on Thursday. CTO, launched in 1967, is an organisation of more than 33 commonwealth countries to promote telecom and IT related cooperation. The 54th CTO council meeting and
Tribute paid to Sachin Dev Burman
Music maestro Sachin Dev Burman (1906 – 1975) was recalled through a discussion and presentation of his songs at a programme at the Music and Dance Centre Auditorium of Bangladesh Shilpakala Academy on Tuesday evening. The academy organised the programme where cultural personality and researcher Dr. Karunamoy Goswami was present as chief guest. Noted folk singer ... Read more
Konjush to be staged in Florida
Loko Natyadal has been invited this year to perform at the prestigious American Association of Community Theatre World Fest-2014, which will be held from June 16 to 21. The theatre troupe will stage two shows of its famous production Kanjush consecutively on June 17 and 18 at the Venice Theatre in Florida. Loko Natyadal’s Konjush ... Read more
Rekha, Katrina come together for Fitoor
After the success of Kai Po Che (2013), director Abhishek Kapoor and UTV Motion Pictures have paired up again and are back with their next, Fitoor. The movie will see Rekha sharing screen space with actors Aditya Roy Kapur and Katrina Kaif for the very first time, reports Hindustan Times. The film, to release in ... Read more
Russell sinks A team again
Andre Russell proved to be the nemesis of the Bangladesh A team once again as the all-rounder grabbed six wickets to lead Sagicor High Performance Centre to a three-wicket win in the second one-dayer in Barbados on Tuesday. Russell, who scored 132 off 56 balls in the first match of the series, picked up 6-28 as ... Read more