A committee comprising of representatives of the shipping ministry, department of shipping, BIWTA, district administration and launch owners has been formed to re-survey launches. Shipping minister Shahjahan Khan on Sunday told New Age that they formed the committee as people do not have trust on the survey carried out by the officials of the
Month: September 2014
Govt to issue Islamic bonds
Loan From Islamic Banks Govt to issue Islamic bonds The government has revised its Islamic Investment Bonds Regulations, 2004 to allow itself to borrow from the Shariah-based banks and non-bank financial institutions by floating Islamic investment bonds. The government will borrow from the Shariah-based banks and NBFIs to implement its Shariah approved projects. The regulations were revised
CU Shibir attack shuttle-train with crude bombs
Activists of the Chittagong University unit of Islami Chhatra Shibir on Monday attacked the university-bound shuttle-train, at two railway stations, with crude bombs. At least six students sustained injuries during the attack. Two of the students received primary treatment from the university’s medical centre.
Ruposhi Bangla closed for 16-month renovation works
The operations of state-owned Ruposhi Bangla Hotel were shut down on Monday for a 16-month renovation work after which the hotel will reopen and run as Intercontinental Dhaka. The historical hotel, which Intercontinental Hotel Group earlier had run from 1966 to 1983, was announced closed on Monday noon. ‘We had 42 guests last night and all of ... Read more
Foreign investment at DSE drops to 31-month low
The net overseas investment at the Dhaka Stock Exchange declined to a 31-month low at Tk 12.45 crore in August due to increased share sales by foreign investors to make short-term profit. August figure was the lowest since January, 2012 when foreign investors’ net investment at the bourse was Tk 5.02 crore. In August, overseas investors bought ... Read more
Alliance slams Accord for rejecting inspection by individual brand
The Alliance, a platform of North American retailers’ group, has termed the European retailers’ group’s announcement of rejecting inspection in common factories by individual retailers in Alliance as ‘a setback for garment factory safety efforts in Bangladesh’. Allen Tauscher, the chair of the Alliance for
Banks cut interest rates further
Scheduled banks further cut rate of interest on their deposit products in July due to an increasing trend in excess liquidity in the banking sector, according to the latest Bangladesh Bank data. The BB data showed the weighted average interest rate on the deposit in the banking sector declined to 7.71 percentage points in July from ... Read more
New Apple iPhone to have ‘mobile wallet’ function: report
Apple Inc plans to enable its next iPhone to become a mobile wallet by allowing owners to securely make mobile payments in a store with the touch of a finger, Bloomberg said on Sunday, citing a person familiar with the situation, reports Reuters. The agreement includes participation by Visa Inc,
BJMC in cash crunch for jute purchase: chairman
Bangladesh Jute Mills Corporation on Monday claimed that it could not purchase raw jute due to fund crisis though the season of purchasing jute is running out. At a view-exchange meeting with journalists, BJMC chairman Humayun Khaled said that they were not getting funds despite repeated requests made to the
ICT engineers to get int’l market exposure
Bangladesh becomes ITPEC member The inclusion of Bangladesh in the Japan-based Information Technology Professional Examination Council, a regulatory body for ICT engineers’ examinations, will help local engineers gain exposure on the international market, said Japanese officials in Dhaka on Monday. The Bangladesh Computer Council and the Information
Dhaka stocks finish flat after 2-day fall
Dhaka stocks finished flat on Monday after a two-day fall. The key index of Dhaka Stock Exchange, DSEX, closed at 4,554.97 points, adding 0.11 per cent or 5.45 points. Turnover at the bourse increased slightly to Tk 501.46 crore on Monday from Tk 494.06 crore in the previous trading session. The market started positive
Altaf Mahmud remembered
Qayuum Chowdhury, Ahmed Imtiaz receive Altaf Mahmud Padak Shaheed Altaf Mahmud Foundation arranged a commemorative programme on Saturday at the Liberation War Museum to observe the 43rd disappearance day of Altaf Mahmud. The programme featured recalling Mahmud by his friends and family members and conferring of Altaf Mahmud Padak. Eminent artist Qayyum Chowdhury and lyricist-composer-freedom
Manisha is cancer free
Finally, Manisha Koirala is cancer free, reports Mumbai Mirror. The actress, who was diagnosed with ovarian cancer in November 2012, went through a six-month-long intensive treatment that included a surgery and several painful chemotherapy sessions at New York’s Sloan Kettering Hospital, before returning to Mumbai on June 26, 2013. She spoke about her ordeal when ... Read more
Mushfiq, Nasir rescue Tigers
Mushfiqur Rahim and Nasir Hossain scored a century each to help Bangladesh recover from a batting collapse to reach 377-7 before they declared their first innings on the second day of the three-day match against St Kitts and Nevis on Sunday. Mushfiq was unbeaten on 106 while Nasir made 100
Doleshwar stronger than ever
An Overview Of DPL Teams (3) Doleshwar stronger than ever Prime Doleshwar, the new forces in the Dhaka Premier League, are looking forward to getting one better than the third-place finish when new season kicks off in October. Doleshwar were in the title race in their very first season at the top flight last year ... Read more
Sylhet crowd was a distraction, says Mamunul
Poor refereeing and lack of concentration were at fault for Bangladesh Under-23s’ 0-1 defeat against Nepal in their second friendly match in Sylhet, said skipper Mamunul Islam on Sunday. More than 40,000 spectators watched the game at the Sylhet district stadium and many of them took their seat in the ground close to the touchline after ... Read more
SCBs slow in recovering loans from top defaulters
Four state-owned commercial banks recovered only Tk 212 crore, or 34.02 per cent, from their top 20 loan defaulters in the first six months of 2014 against the annual target of Tk 623 crore, the latest Bangladesh Bank data showed. The four banks – Sonali, Janata, Agrani and Rupali — fell way short of achieving their ... Read more
Dhaka, Ankara okay ToR on basic guidelines for FTA
Dhaka and Ankara last week concluded their exploratory mission with positive note to strike an FTA between the two countries to boost trade and investment, a senior trade official at the commerce ministry said on Sunday. The meeting held in the Turkish capital from August 26 to 28 finalised a draft terms of reference that outlines ... Read more
Govt yet to amend deposit insurance act for NBFIs
The government is yet to amend the Bank Deposit Insurance Act 2000 to bring non-bank financial institutions under the deposit insurance scheme although Bangladesh Bank took the initiative three years ago, said officials of the central bank. The BB took the initiative to amend the act in 2011 to
Rules eased for repatriation of sales proceeds by foreigners
Non-Listed Co Shares Rules eased for repatriation of sales proceeds by foreigners Bangladesh Bank on Sunday relaxed the guidelines for foreigners for repatriating their equity investments in non-listed and private limited companies in Bangladesh after selling the shares. The BB issued the guidelines and a circular to authorised dealer branches of all scheduled banks in this ... Read more