Most of the listed non-bank financial institutions have managed to increase their net profit in the first half of the year 2014 compared with that in the same period of the previous year mainly due to relaxed loan rescheduling policy of the central bank. In December last year, Bangladesh Bank had relaxed loan
Month: August 2014
Hero – The Superstar: Get high before watching
Landmark movie, turning around the clichéd format of local films, maintaining an international standard – before the release of Hero, we heard a lot of things said about it. All good of course; though if you decide to watch it, then you are recommended to have a few shots of Vodka first. In a sane ... Read more
BCB team to visit Khulna ahead of Zimbabwe Test
A delegation of the Bangladesh Cricket Board will visit Khulna on August 11 to see the facilities available ahead of a planned Test against Zimbabwe in November. The original plan was that two matches of the three-Test series will be played in Chittagong and one in Dhaka, but the BCB has changed its heart and ... Read more
Reserves cross $22b as BB buys more dollar
The country’s foreign exchange reserves crossed $22-billion mark for the first time on Thursday as Bangladesh Bank has already purchased US dollars worth $776 million in this financial year to keep taka stable against greenback. A BB official told New Age on Thursday that foreign exchange reserves stood at $22.05 billion on Thursday as the central ... Read more
Country’s import bills top $37.18b in FY14
Rice imports rise by 1,479pc, industrial materials 13pc The country’s imports increased by 14.93 per cent in the recently concluded financial year compared with that of a negative growth of 7.05 per cent in the FY 2012-13 due mainly to a rise in the import of industrial raw materials and food products. According to the ... Read more
BB asks GP not to make deal with Mobicash agents, stop ad
Bangladesh Bank on Thursday asked Grameenphone not to make agreement with agents to operate its mobile financial service, Mobicash, as it (Grameenphone) is not authorised to do it in line with the central bank’s guidelines on mobile financial services, said BB officials. The central bank also asked the mobile phone operator
House owners, foreigners to come under NBR watch
Tax Collection Strategy House owners, foreigners to come under NBR watch The National Board of Revenue on Thursday instructed its field officials to intensify their efforts for brining all eligible house owners, businesses, high-income professionals and foreigners under the tax net and step up monitoring to prevent tax evasion by those groups, officials said. At a ... Read more
Shahjibazar share price up 25pc after BSEC starts probe into unusual hike
Share prices of Shahjibazar Power Company, a newly listed company, increased by another 25.73 per cent in four trading sessions after the formation of an inquiry committee by Bangladesh Securities and Exchange Commission to probe unusual price hike of shares of the company. Market operators said that the share prices of
Stocks end flat as investors switch to heavyweights
Dhaka stocks ended positive on Thursday, the last trading session of the week, despite decline in most of the traded scrips as rising share prices of large capitalised companies kept the market afloat. The key index of the Dhaka Stock Exchange, DSEX, finished flat at 4,486.19 points, adding 0.02 per cent or 1.29 points. Turnover of the ... Read more
Lutfar re-elected Nepal Bangladesh Bank chairman
Mohammad Lutfar Rahman has recently been re-elected chairman of Nepal Bangladesh Bank, a joint venture operation of IFIC Bank in Nepal, said a news release. The bank has re-elected him chairman in its 19th annual general meeting held in Kathmandu. Lutfar will also maintain the position of executive committee chairman
Mohiuddin appointed Czech Republic honorary consul
ASM Mohiuddin Monem has recently been appointed the honorary consul of the Czech Republic, said a news release. Monem is the deputy managing director of Abdul Monem Limited, chairman of ServicEngine Limited, director of Pragati Insurance Limited and Pragati Life Insurance Limited. He is a former director Dhaka Chamber of Commerce and Industry, the
BCB wants life ban for Shihab
Preliminary hearing of BPL appeals held The Bangladesh Cricket Board and the International Cricket Council want the Dhaka Gladiators managing director Shihab Chowdhury to be banned for life as they presented their appeal to the disciplinary panel chairman retired justice Mohammad Abdur Rashid. The preliminary hearing of all four appeals made by the
Tigers to play with red ball today
The technical ability of Bangladesh batsmen to survive in the middle will be tested when they will play their first practice match ahead of West Indies tour at the Sher-e-Bangla National Stadium today. The 15-member squad along with some other national players will be divided into two groups to play the 60-over-a-side match which will be ... Read more
Mamunul among seniors selected for Asiad
National team captain Mamunul Islam, left-back Atiqur Rahman Meshu and expatriate midfielder Jamal Bhuiyan were the three senior members selected for the forthcoming 17th Asian Games, national football team coach Lodewijk de Kruif on Wednesday. The withdrawal by the two experienced strikers,
Martino in line for Argentina job
AFA president Luis Segura has confirmed that Gerardo Martino is in line to become the new Argentina coach, reports ESPN FC. Argentina are searching for a new coach after Alejandro Sabella tendered his resignation, and Martino—who is out of work after leaving Barcelona—now appears to be the sole candidate for the role. Segura, who became AFA president
Prime Bank loses mobile banking licence for swindling jobseekers
Bangladesh Bank on Wednesday cancelled the mobile banking licence of Prime Bank Ltd as the central bank found Prime responsible for the swindling of of up to Tk 30 crore from 2,500 job seekers by the bank-appointed mobile banking service solution provider SMG Infocom. The BB issued a letter to managing director of Prime Bank saying ... Read more
NBR fails to achieve downsized revenue target for FY14
The National Board of Revenue is going to set a strategic plan today to achieve its revenue collection target for the current fiscal year of 2014-15 in the backdrop of a significant shortfall in collection in the last fiscal year, NBR officials said. They said that the NBR fell short of its revised target
BB to ask GP to stop Mobicash ad
Bangladesh Bank is going to ask Grameenphone to stop the media advertisement of its mobile financial service, Mobicash, as the contents of the campaign is creating ‘confusion’ in the financial sector, said officials of central bank. Besides, the central bank is now thinking to stop the financial transaction of Mobicash as it (Grameenphone) is not authorised ... Read more
BTRC looks for spectrum consultant again
The Bangladesh Telecommunication Regulatory Commission on Wednesday again invited interested international parties to apply for the job of spectrum consultant to make a roadmap for spectrum management after failing to find one in the first attempts. The interested candidates will have to apply by August 31,
BB to launch start-up financing scheme for SME sector next week
Bangladesh Bank is going to launch a Tk 100 crore start-up financing scheme soon to encourage new entrepreneurs to get entry into trade and commerce with low-cost refinancing fund, a senior official of the central bank said. The fund will be channeled through 29 banks and financial institutions that have so far showed their excellence and ... Read more