Vegetable prices remain high The prices of onion, garlic and potato rose on the retail markets in the city over the week ending Friday as the demand for the items increased in the month of Ramadan. Ramadan, the fasting month for Muslims, began on Monday. Traders said the import price of onion from India increased
Month: July 2014
Lower cost of fund encourages textile companies to go public
7 cos raise Tk 374.17cr in FY14 against Tk 179cr by 3 cos in FY13 Lower cost of fund has attracted apparel companies to the country’s capital market that resulted in 109.03 per cent or Tk 195.17 crore increase in fund collection by the sector in the just concluded fiscal year 2013-14 compared with that ... Read more
NBR finalises health, environment surcharge collection rules
The National Board of Revenue has finalised the rules of collection of environment surcharge and health surcharge keeping a provision of freezing bank accounts of any company for not paying the newly imposed tax and violating any provision of the rules, officials said. The revenue board may also seize the goods of the company
Pvt sector credit growth plunges again in May
The country’s credit growth in the private sector plunged again in May compared with that of the previous month as businesspeople are yet to get confidence back to expand their business amid political uncertainty, said officials of Bangladesh Bank. According to the BB data released on Thursday, the year-on-year credit growth rate in the private
India’s services growth hits 17-month high in June
Activity in India’s services sector grew at its fastest pace in well over a year in June as new business poured in, adding to signs of a pick-up in the economy even as inflation remains high, a survey showed on Thursday, reports Reuters. The HSBC Services Purchasing Managers’ Index, compiled by Markit, jumped to a 17-month ... Read more
Awaiting return of native with heavy heart
Subir Chowdhury, a director of Bengal Gallery of Fine Arts, who devoted his life in patronising art, is no more. The great art connoisseur and artist drew his last breath on June 30 at Sydney in Australia. The artist, along with a 10-member group, went to Australia on March 16 to arrange exhibitions on behalf ... Read more
Deepika Padukone voted sexiest woman in the world
Actor Deepika Padukone has been voted the sexiest woman in the world in a poll conducted by the FHM magazine, reports Hindustan Times. Deepika will feature in the new edition of the magazine, the actor also unveiled the edition featuring her and the other girls in the top 100 list of sexiest women. However, Deepika ... Read more
BCB asks Sakib to comeback from CPL
The Bangladesh Cricket Board has asked all-rounder Sakib al Hasan to return home immediately as he did not take any written permission to participate in the Caribbean Premier League, said an official on Thursday. Sakib flew from Bangladesh on Wednesday to play for Barbados Trident in the second edition of CPL but had to make an ... Read more
Muktijoddha thrash Russell
Attacking trio Enamul Haque, Nkwocha Kingsley and Sunday Chizuba sscored one goal apiece as Muktijoddha Sangsad Krira Chakra secured a comfortable 3-1 win over defending champions Sheikh Russell Krira Chakra in the Bangladesh Premier League in Gopalganj on Thursday. Veteran striker Enamul put Muktijoddha ahead in
World Cup trophy due on July 25
The trophy of World Cup 2015 will arrive in Bangladesh on July 25 for a two-day visit as the silverware starts touring the participating countries, the International Cricket Council said on Thursday. The first stopover of the trophy will be in Sri Lanka where it will stay for three days from July 4. The World Cup 2015 ... Read more
USTR claims not based on facts: Tofail
The commerce minister, Tofail Ahmed, on Thursday said the statement of the US Trade Representative that the government of Bangladesh had not implemented substantial parts of the GSP action plan was unjustified and not based on facts. ‘The actual situation of the readymade garment sector
Remittance inflow drops after 14 yrs
The country’s remittance inflow registered a negative growth in financial year 2013-14 for the first time in last 14 years against the backdrop of downward manpower exports during the period, said economists and Bangladesh Bank officials. According to BB data released on Thursday, remittance inflow
NBR taking tax in advance to make up for shortfall
Revenue Collection Fy 2013-14 NBR taking tax in advance to make up for shortfall The National Board of Revenue is desperately trying to achieve the revenue earnings target (Tk 1,25,000 crore) through collecting tax in advance from the corporate taxpayers and realising dues from the state-owned entities, officials said. NBR high-ups instructed field level officials ... Read more
Islamic banks dropping ‘Islam’ from names
Some Islamic banks are removing the word ‘Islam’ from their names — a sign of both the potential of Islamic finance to grow, and the obstacles to it becoming mainstream, reports Reuters. In January, Dubai-based Noor Islamic Bank changed its name to Noor Bank. Abu Dhabi Islamic Bank (ADIB), the emirate’s largest sharia-compliant lender, now plans ... Read more
Cash incentives on textile exports to new markets increase to 3pc
The government has increased the cash incentive to 3 per cent from 2 per cent for export of new textile products and expanding export of textile items to new markets other than US, Canada and European Union for financial year 2014-15. A Bangladesh Bank circular issued on Thursday said
Govt gets Tk 26.55cr more in taxes from DSE in FY14
Government’s tax collection from the Dhaka Stock Exchange increased by 20.85 per cent or Tk 26.55 crore in the just concluded fiscal year 2013-2014 compared with that in the previous fiscal year. The DSE in the last fiscal year paid Tk 153.84 crore in taxes including taxes on turnover and on sponsor-directors’ share sales against Tk ... Read more
Stocks drop for 3rd day as large investors wait for cheap shares
Dhaka stocks declined for the third trading session on Thursday despite a positive beginning as most of the institutional investors remained on the sideline after year closing. The key index of the Dhaka Stock Exchange, DSEX, declined to 4,436.20 points, shedding 0.68 per cent or 30.40 points. Operators said that the institutional
BRAC University Cultural Club celebrates 12th anniversary
Since its inception in spring 2002, BRAC University Cultural Club has been nurturing the cultural traits of BRACU students. The members of this club successfully participated in events like MUSICon and South Asian University Festival bringing the club both national and international acclaim. Last week, the club celebrated its 12th founding anniversary. The event mainly comprised ... Read more
SRK conferred with top French civilian award
Bollywood actor Shah Rukh Khan has been conferred with top French civilian award – Knight of the Legion of Honor, reports Hindustan Times. Visiting French Foreign Minister Laurent Fabius presented the prestigious award to the 48-year-old actor at a programme for his outstanding contribution to cultural diversity across the world. ‘I feel very humbled and ... Read more
The goalkeepers’ World Cup
As the World Cup comes down to the business end, let’s take a moment to reflect. This tournament has been hailed as the best in recent memory, if not the best ever, and a lot of that praise is down to the sheer number of goals being banged in. There’s been class goal-scorers on show ... Read more