Experts express concern over contaminated Indian chili influx Farmers, academics, business leaders and representatives from government and non-government organisations on Tuesday expressed concern over increasing import of chili to Bangladesh as the trend would discourage local growers to grow the crop. They also expressed concern over influx of Indian
Month: August 2014
Pilot project for IPO subscription fee collection now starts in Sept
A pilot project for the initial public offering subscription fee collection through brokerage houses and merchant banks instead of banks will now start in September. July 15 this year was the earlier timeline for the project set by the stock market regulator commission. The Bangladesh Securities and Exchange Commission set
Dhaka stocks fall on profit-taking sales
Dhaka stocks declined on Tuesday due to profit taking share sell-offs by the investors following straight six trading sessions’ bullish trend in the market. The key index of the Dhaka Stock Exchange, DSEX, declined to 4,526.49 points, shedding 0.84 per cent or 38.64 points. DSEX had advanced 144.52 points
Qatar Airways launches special fare promotion
Qatar Airways is now offering customers in Bangladesh up to 25 per cent off on economy class and premium cabin fares to a wide variety of destinations, said a news release on Monday. The promotion, which runs till August 15, offers customers the opportunity to travel to a variety of destinations across Europe, the Middle East, Africa, ... Read more
Farida Parveen enthrals audience with Lalon songs
The people became mesmerised with the beautiful rendering of some Lalon songs by noted singer Farida Parveen at a solo concert at the Music and Dance Auditorium of Bangladesh Shilpakala Academy on Sunday evening. Farida Parveen presented songs of the legendary bard for two and half hours at the programme, which was organised by Lalon ... Read more
BCB team in Khulna
A seven-member team of the Bangladesh Cricket Board arrived in Khulna on Monday to see if the city’s Sheikh Abu Nasser Stadium is ready to host a Test match against Zimbabwe in November. The BCB team included its director Sheikh Sohel, grounds and facilities manager Syed Abdul Baten, media committee manager Rabeed Imam, cricket operations manager ... Read more
Export growth turns negative after 23 months
Export earnings in July, the first month of the current financial year, posted a negative growth of 1.37 per cent year-on-year after 23 months of positive growth as the export growth of garment products dropped in the month. In the first month of the current financial year, the export earnings fell by 2.03 per cent to ... Read more
Telcos get most complaints on billing, service quality
Most of the complaints that the country’s mobile phone operators receive are related to billing and service quality, showed a recent data of the telecom regulator. The Bangladesh Telecommunication Regulatory Commission in May asked the six mobile operators to submit their customer complaint-related data to
Current account balance dips to $1.54b in FY14
The country’s current account balance dipped by 35.21 per cent to $1.54 billion in the recently concluded financial year against $2.38 billion in the FY 2012-13 due to a lower growth in remittance and higher payments for import in the period. Experts and BB officials said the drop in the
Shahjibazar share trading suspended after unusual price hike
The Dhaka and Chittagong stock exchanges on Monday suspended Shahjibazar Power Company’s share trading till further notice as the company’s share price rose by 256.80 per cent or Tk 64.20 since its debut at Tk 25 in mid-July. A DSE web post on Monday said, ‘Pursuant to BSEC’s investigation and recent unusual upward price movement of ... Read more
Govt set to take $1.5b in loans on hard terms
The government is going to take hard-term loans worth more than US$ 1.5 billon to implement development projects and maintain uninterrupted fuel oil imports after it failed to woo the multilateral donors to provide soft loans. The projects include 275 megawatt thermal power plant at Barapukuria and 365 megawatt combined power plant at Ghorashal. They
DSEX hits 3-month high as stocks gain for 6th day
Dhaka stocks advanced for the sixth trading session on Monday with the key index of the Dhaka bourse hitting three months high as large capitalised companies continued to draw investors’ attention. Heavyweights Lafarge Surma Cement, Square Pharmaceuticals and Grameenphone gained 3.67 per cent, 1.93 per cent and 1.83 per cent respectively on the day. The key
Jashim elected BPGMEA president
Md Jashim Uddin has been elected as the president of the Bangladesh Plastic Goods Manufacturers and Exporters Association for the 2014-15 term, said a news release on Monday. Giasuddin Ahmed was elected senior vice-president while KM Iqbal Hossain and Md Golam Kibria were vice-presidents. BPGMEA election board acting
National minority people in frames
Bishwabhara Pran National minority people in frames Life of ethnic minority people always stirs great curiosity among the urban people. They thrill us with their challenging lifestyle and at the same time also charm us with the simplicity of their being. Three photographers have travelled to the remotest parts of Bangladesh to capture glimpses of ... Read more
Tigers eye series in Windies
Bangladesh national cricket team will go to West Indies hoping to win the series, said coach Chandika Hathurusinghe on Sunday, as the Tigers signed off their preparations. Bangladesh will leave home on August 13 for a month-long tour where they will play three-match one-day internationals, a Twenty20 international
Nasir pulls off the biggest surprise
Inter-Club Players’ Transfer Nasir pulls off the biggest surprise National team all-rounder Nasir Hossain pulled off the biggest surprise when he joined Abahani Limited against all speculations on the first day of the Inter-club players’ transfer for the Dhaka Premier Cricket League on Sunday. The two-day long first phase of the transfer began at the Bangabandhu ... Read more
Tigers’ fielding coach Kalpage arrives
Former Sri Lankan cricketer Ruwan Kalpage arrived in Dhaka on Sunday to join the Bangladesh cricket team as their new fielding coach putting an end to his long relationship with the Sri Lankan side. Kalpage was appointed by the Bangladesh Cricket Board recently as the Tigers’ fielding coach on a two-year contract after the post fell ... Read more
Trade deficit hits 4yr low at $6.8b
Economists see little positive impact as the gap narrows on lower import growth The country’s trade deficit hit its four-year low at $6.80 billion in the financial year 2013-2014 due to a lower-than-expected import growth in the period. The gap between export earnings and import payments was $7 billion in FY13, $9.32 billion in the ... Read more
Tokyo wants ‘single window’ facility for investment in Bangladesh
Tokyo has attached a set of conditions including ‘single window’ facility for ensuring a speedy approval process for investment in Bangladesh, said the officials. They have also asked to simplify the procedure for getting VISA, work permit and so on to boost economic relations and step up Japanese investment
DSE turnover hits eight month high
Dhaka stocks advanced for the fifth trading session on Sunday with the turnover hitting eight-and-half months high as fresh fund injection from different section of investors continued for the last couple of sessions. The turnover of Dhaka Stock Exchange increased by 29.91 per cent to Tk 763.90 crore on the day, compared with Tk 588.01 crore ... Read more