The telecom regulator has short-listed three international companies for developing a centralised monitoring system to curb illegal business of voice over internet protocol. Bangladesh Telecommunication Regulatory Commission officials said the three companies — SGS, Sofrecom and N Soft — had been selected and their names
Month: August 2014
30 banks, NBFIs ink deal for Tk 100cr refinance scheme
Twenty-one scheduled banks and nine non-bank financial institutions on Sunday signed participant agreements with Bangladesh Bank to use its (central bank) refinance scheme fund worth Tk 100 crore for the new entrepreneurs to encourage self-employment. The banks and the NBFIs made the deal at the
IDRA asks Standard Ins to reassess Purple’s claim
The Insurance Development and Regulatory Authority on Sunday expressed its dissatisfaction over Standard Insurance’s refusal to settle insurance claim of a policy holder, Purple Fabrics Limited. The insurance regulator asked Standard Insurance to reassess burglary insurance policy of Purple Fabrics under fire insurance. The IDRA gave the instruction after
SM Sultan’s 91st birth anniv today
The 91st birth anniversary of master artist SM Sultan will be observed in befitting manner today at Narail. SM Sultan Foundation and the district administration have chalked out daylong programmes to mark the birth anniversary of the celebrated painter. Besides, SM Sultan Bengal Art College in Narail, Jessore Sultan Art College, educational institutions and various ... Read more
Soha Ali, Vir Das to be seen in Jaane Kyun on 1984 riots
Yet another movie on the 1984 riots is set to open in October, titled Jaane Kyun (The Unanswered Question), the film will feature Soha Ali Khan and Vir Das, reports Hindustan Times. The movie will be a political thriller helmed by Shivaji Lotan Patil (who won National Award for his Marathi film Dhaag). The last ... Read more
Tigers set for DPL transfer
The first phase of the inter-club player transfers for the Dhaka Premier League will be held today with all but a few national players already confirming their next destination. In the first phase of the transfers only pool players will participate as they will leave home for West Indies on August 13. The Tigers will not ... Read more
Tigers sign off preparation for WI tour
Bangladesh national cricket team signed off their preparations for the forthcoming West Indies tour with a day-night warm-up match at the Sher-e-Bangla National Stadium on Saturday. Opener Tamim Iqbal and Anamul Haque both slammed a fifty as Bangladesh Red, led by Mushfiqur Rahim, beat Bangladesh Green by seven wickets. Tamim, who showed some signs of
Tigers’ new fielding coach shows his back
Sri Lanka has refused to accept the resignation letter of spin bowling coach Piyal Wijetung creating an stumbling block for him to take up the similar role in Bangladesh, said a report on Saturday. Piyal and Ruwan Kalpage are supposed to join Tigers before the West Indies tour as their spin bowling and fielding coach respectively ... Read more
Moon Group gobbles up Tk 115cr Agrani loan meant for construction
BB probe recommends punishment for 9 bank officials for collusion A Bangladesh Bank inspection has found that Agrani Bank disbursed Tk 115.18 crore in loan to Moon Group owned by businessman Mizanur Rahman for the construction of three buildings with unapproved structural designs while the Group shifted the loan to other sector without constructing the ... Read more
USDA lowers rice production forecast for Bangladesh
US Department of Agriculture has slightly lowered its rice production forecast for Bangladesh to 3.46 crore tonnes for 2014-15 from earlier estimate of 3.48 crore tonnes due to decline in boro rice production. The USDA said the production would decline in the boro areas as farmers had been shifting to other crops due to higher production ... Read more
RMG exports to US fall in six months as Vietnam thrives
Bangladesh’s apparel export to the US fell by 1.39 per cent to $2.45 billion in the first six months of 2014 compared with that of the same period in last year as Vietnam, the main competitor of Bangladesh, is gaining more ground in the market while India is emerging. Experts and exporters said that the ... Read more
BB MPS may fail again to achieve inflation, loan growth targets: UO
Private think-tank Unnayan Onneshan said that the inflation and private sector credit growth targets set in the latest monetary policy statement of Bangladesh Bank might not be achieved given the historical track record of the statements. In its Bangladesh Economic Update for August,
Poor wages key challenge to RMG sector: speakers
BGMEA accused of siding with amoral Inadequate wages, lack of workplace safety and trade union rights, and infrastructural weakness are the main challenges to the country’s readymade garment sector, said economists and trade union leaders in Dhaka on Saturday. Criticising the role of the government and the apparel sector leaders over the crisis of Tuba Group ... Read more
HK faces domestic helper crisis as B’desh workers quit early
Hong Kong is facing a growing shortage of domestic helpers as workers from Bangladesh and Myanmar — brought to the city to bolster a shrinking workforce — are returning home early, reports South China Morning Post on Saturday. As well, agencies are reporting that it is
Stocks advance as investors take scrip-wise move
DSE Weekly Review Stocks advance as investors take scrip-wise move Dhaka stocks advanced last week, first week after Eid-ul-Fitr, with an increased turnover due to scrip-wise higher participation of institutional investors. The key index of Dhaka Stock Exchange, DSEX, finished at 4,486.20 points, increasing by 1.33 per cent or 59 points in the week. The DSEX ... Read more
Praner Majhe Ay
Reunion of artists for group exhibition ‘Ay, ar ektibar ayree sakha, praner majhe ay, Mora sukher dukher kotha kobo, pran jurabe tay’ (Come once more, my friend, come into my heart Together we’ll share pains and pleasures to heal the heart.) Nothing can be happier than getting together with friends who have not seen one ... Read more
Bieber keen to meet Malala Yousafzai
Pop star Justin Bieber, who had a video chat with Pakistani activist Malala Yousafzai, now wants to meet the 17-year-old in person, reports India Today. Yousafzai hit headlines in 2012 when the Taliban shot her in head for championing girls’ rights to an education. The youngster survived the attack and went on to set up ... Read more
Sakib’s chance of DPL return uncertain
Sakib al Hasan’s chance of playing in the Dhaka Premier League was put into uncertainty as the Bangladesh Cricket Board is unlikely to consider his appeal before the transfer process begins. The BCB was expected to review his six-month ban today in the meeting, but it was forced to postpone the meeting because of the unavailability ... Read more
Import LC cancellations soar to $1.5b in FY14
Political Unrest Import LC cancellations soar to $1.5b in FY14 Cancellations of the import-related letters of credit increased to $1.50 billion in the recently concluded financial year 2013-14 from $1.35 billion in the FY13. A BB official told New Age on Thursday that disagreement between importers and exporters and dull business situation in the country ... Read more
Supply shortage pushes up beef, egg prices
Fish prices remain high The prices of beef and egg increased in the city’s retail markets over the week due to supply shortage after Eid-ul-Fitr vacation. Traders said that the supply of cow decreased after Eid that caused price hike of beef. The price of beef increased by Tk 20 a kg and the item was selling ... Read more