Subcontracting Rmg Factories Wage, festival allowance before Eid uncertain Uncertainty looms large over the payment of wages and festival allowance of about 8 lakh workers engaged in more than 800 subcontracting factories before Eid-ul-Fitr with factory owners yet to decide on payment. BGMEA leaders claimed that these factories were facing order shortage in the current ‘lean ... Read more
Month: July 2014
BB to ask banks to lower interest rate on industrial loan
Central bank holds meeting with bankers today Bangladesh Bank will ask the scheduled banks to set a reasonable rate of interest on industrial loans in a bid to increase the inflow of credit in the productive sector, said officials of the central bank. The BB will give the direction at a ‘bankers meeting’ led by its ... Read more
RMG subcontracting policy likely to be finalised tomorrow
The government is likely to finalise the guidelines for factories involved in subcontracting business in the readymade garment sector tomorrow with a provision of suspension and withdrawal of different facilities and services for exporters and subcontracting factories for violation of the guidelines, officials of the commerce ministry said. They said
Flawed numbering plan delays toll-free call service
The launching of the commercial toll-free number call service in the country is being delayed as the telecom regulator has failed to provide the operators with the numbering plan for the service. According to BTRC officials, a directive which was issued last year for allowing the operators to run the toll-free number service of any private ... Read more
Govt may set $33.2b export earning target for FY15
The government is likely to set the export earnings target at $33.20 billion for the current financial year 2014-2015 with a year-on-year growth of 8.85 per cent. The commerce ministry will hold a meeting today with stakeholders to finalise the target at the Export Promotion Bureau in the city.Commerce minister Tofail Ahmed will chair the meeting ... Read more
Bishad Sindhu premiered at Shilpakala
Students of theatre and performance studies department of Jatiya Kabi Kazi Nazrul Islam University presented an impressive performance of Bishad Sindhu on Saturday at Studio Theatre Hall of Bangladesh Shilpakala Academy. Adapted from Mir Mosharraf Hossain’ novel and directed by Syed Mamun Reza, head and assistant professor of theatre and performance studies department, the play ... Read more
Tigers to play two practice matches
Bangladesh national cricket team will play two practice matches in their preparation for their month-long tour to West Indies, said chief selector Faruk Ahmed on Saturday. The Tigers will leave for the West Indies on August 13 to play three one-day internationals, two Test matches and a Twenty20 international beginning on August 20. ‘We will play two ... Read more
BCB set to appoint permanent CEO at last
The Bangladesh Cricket Board has at last decided to appoint a permanent chief executive officer as the post remained vacant for the last two years after the sudden demise of former CEO Manzur Ahmed on January 10, 2012. In the last BCB Board of Directors meeting on July 7, the issue of appointing a permanent CEO ... Read more
Bangladesh to leave for Australia on January 26
The Bangladesh national cricket team is scheduled leave for Australia on January 26 next year, 19 days ahead of the forthcoming ICC World Cup 2015, to set up a base camp for their preparations, said an official of the Bangladesh Cricket Board on Saturday. The ICC World Cup 2015 will get underway on February 14, 2015 ... Read more
No Zimbabwe match in Khulna shocks people
Khulna cricket and sports organisers expressed their deep shock at the BCB’s decision to deprive Khulna of hosting any of the Tests or ODIs against Zimbabwe starting on October 26. Zimbabwe national cricket team is due to arrive on October 17 to play three Tests and five one-day international matches against Bangladesh. The first two Tests will ... Read more
Abahani ride on Morrison treble
Abahani Limited are just a point away from securing the runners-up spot in the Bangladesh Premier League after their thumping 5-2 win over Sheikh Russell KC at the Bangabandhu National Stadium on Saturday. Abahani’s Ghanian player Osei Morrison was the star of the show as the striker grabbed his maiden hat-trick of the league. Morrison struggled
BTC in favour of signing FTA with 6 Arab nations
The Bangladesh Tariff Commission has suggested the government for signing a free trade agreement with Gulf Cooperation Council to raise the country’s export significantly to six Arab nations. Though the BTC identified some problems with the benefits in materialising of the FTA, it recommended the government for going forward with the FTA with
ICB gets advantage in share trading
BSEC allows it, subsidiaries to buy or sell directors’ shares without notice Despite having directorship in several listed companies Investment Corporation of Bangladesh is getting the opportunity of trading shares without any declaration for years, creating uneven field in the business, experts said. The ICB and its subsidiaries are shareholder-directors
Sonali seeks govt help to realise outstanding loans
The state-owned Sonali Bank has urged the government to help realise the outstanding loans of more than Tk 257 crore owed by ministries and their affiliated bodies, officials said. The Sonali in a recent letter informed the ministry of finance that two paper mills, two textile mills, and the ministries of agriculture, shipping and food had ... Read more
Bangladesh-Japan economic dialogue in Dhaka Aug 21
A joint Bangladesh-Japan public–private economic dialogue will be held in Dhaka on August 21 to encourage Japanese investment in the potential sectors of the country and deepen the bilateral trade relations, a high official at the Prime Minister’s Office said. The forthcoming dialogue on business, investment and economy is the first of its kind to be ... Read more
Stocks recoup as investors go for bargain hunting
Dhaka stocks advanced last week after a decline in the previous week as the institutional investors increased their participation on the trading floor to avail the opportunity of buying cheap shares after the recent downward trend. The key index of Dhaka Stock Exchange, DSEX, finished
Vikings returns after 12 years
Once popular rock band Vikings is back with a new album after a respite of 12 long years. The album contains six songs that the band has recently composed and performed for an upcoming film Run Out. The album, which is also titled Run Out, was launched at a programme at a restaurant in the ... Read more
Humayun Ahmed’s 2nd death anniversary today
The second death anniversary of noted writer, playwright, director and filmmaker Humayun Ahmed will be observed today. Private television channel Channel i has chalked out a day-long programme to mark the day. Besides, a Qurankhwani will be held at Nuhas Palli of Pirujali village in Gazipur where he was laid to rest, family sources said. ... Read more
ICC, BCB to appeal against BPL verdict
The International Cricket Council and the Bangladesh Cricket Board on Friday confirmed they will appeal against the Bangladesh Premier League match-fixing verdict delivered by the BCB Anti-Corruption Tribunal. As per the rule, the first appeal will be made to the chairman of the BCB’s disciplinary panel, retired Supreme Court Justice Mohammad Abdur Rashid,
Kruif blasts BFF over unpaid wages
National football team’s Dutch coach Lodewijk de Kruif blasted the Bangladesh Football Federation over his unpaid wages for six months. In a Facebook conversation with New Age, Kruif also accused the BFF of giving a false statement over his wages. ‘I’m always facing trouble with the BFF about my outstanding six months’ salary,’ said Kruif. ‘I heard that ... Read more