Terminated national football coach Lodewijk de Kruif left for Netherlands on Wednesday but kept the door open for a possible return at the helm sometime next year. The Bangladesh Football Federation terminated the contract of Dutchman Kruif last week citing negligence of duties as the coach spent more than seven months
Month: October 2014
NBR moves against ‘2nd home’ owners
The National Board of Revenue has taken steps to identify Bangladeshi citizens who bought homes abroad under ‘second home scheme’ of different countries to ensure tax collection from them, NBR chairman Ghulam Hussain on Wednesday said. The revenue board has started collecting data about the people from several countries where Bangladeshi people bought home with
Financial Reporting Act to be passed in next JS session
Minister says at CSE internet trade fair State minister for finance and planning MA Mannan on Wednesday said Financial Reporting Act would be passed in the next parliament session in a bid to ensure more transparency in the financial sector. Mannan said while addressing the inauguration ceremony of a two-day CSE internet trade fair being ... Read more
Incentive package for SEZ finalised
Govt to give subsidy for CETP The government will give subsidy to the foreign investors in the proposed special economic zones to encourage establishment of central effluent treatment plants, officials said. Up to 50 per cent cost of the CETP would be provided by the government for ensuring safeguard of the country’s environment as part ... Read more
Karmasangsthan, Janata banks get new MDs
Bangladesh Krishi Bank managing director Abdus Salam on Wednesday was appointed managing director of Janata Bank Limited. Obayed Ullah Al Masud, deputy managing director of Agrani Bank Limited, was on the same day appointed managing director of Karmasangsthan Bank. Bank and Financial Institution Division issued notification in this connection in the afternoon
Govt borrowing from banks rises by 270pc in Q1
The government’s borrowing from the banking system increased by 269.92 per cent in the first three months and nine days of the current financial year compared with that in the same period of FY14. The government resorted to such increased borrowing from the banking source to pay salaries and festival bonus to its employees on ... Read more
Alliance wants RMG sub-contracting issue addressed
The Alliance for Bangladesh Workers Safety, comprised of 26 North American retailers and brands, has said that the Bangladesh government must decide whether or not it would be responsible for the country’s RMG sub-contractors. The North American buyers’ forum further said that the government should also decide how the RMG sub-contractors would be regulated
Microsoft ditches ‘Nokia’ name on smartphones
Microsoft is ditching the Nokia brand name from new devices, less than a year after acquiring the Finnish mobile firm, reports BBC Online. New Nokia Lumia smartphones will instead be known as Microsoft Lumia, the company said. Nokia’s non-mobile division, which is not owned by Microsoft, will continue to use the name. The mobile operation ... Read more
Stocks slump on disappointing Q3 report of 2 companies
Dhaka stocks declined sharply on Wednesday after increasing in the previous trading session as the unexpected profit fall in two companies under the bank and cement sector made investors dissatisfied. The key index of Dhaka Stock Exchange, DSEX, declined to 5,170.15 points, shedding 1.21 per cent or 63.66 points. Market operators said that investors dissatisfied ... Read more
Abdul Karim Sahitya Bisharad remembered on birth anniv
Bangla Academy organised a lecture session on the life and contributions of renowned litterateur Abdul Karim to observe his 143rd birth anniversary at the Shamsur Rahman Hall of the academy on Monday afternoon. Noted researcher and litterateur Dr. Israel Khan delivered a lecture titled ‘Itihaser Goti Nirdharoney Abdul Karim Sahittya Bisharad’ at the programme in ... Read more
Plenty at stake for Tigers
Bangladesh’s cricketers are preparing for the forthcoming three-Test series against Zimbabwe with a single-minded focus as plenty of things are at stake for them in it. The Tigers will leapfrog Zimbabwe in Test ranking should they win the series, which in the long run may help them to avoid the play off against ICC Intercontinental
Shamsur, Shubhagata hit fifties in warm-up
Test squad members Shamsur Rahman and Shubhagata Hom scored half-centuries as Bangladesh Cricket Board XI gained an 11-run lead and reached 252-6 on the second day of the three-day match against Zimbabwe at Fatullah on Tuesday. Shamsur scored highest 69 runs while Shubhagata remained unbeaten on 53 runs as stumps were drawn after 80 overs ... Read more
BCB appeals to Swiss court against reduced Ashraful ban
The International Cricket Council and the Bangladesh Cricket Board lodged an appeal to the Court of Arbitration for Sport in Switzerland against the reduced ban of former national captain Mohammad Ashraful, said an official. BCB’s disciplinary panel chairman Md Abdur Rashid reduced Ashraful’s eight-year ban to five-year, including a two-year suspended ban, on September 29, ... Read more
Titu to continue Kruif style
Interim Bangladesh coach Saiful Bari Titu said on Tuesday that he will continue the coaching philosophy instilled over the last one-and-a-half years by outgoing coach Lodewijk de Kruif when his team will play two FIFA friendlies against Sri Lanka this week. Sri Lanka national football team arrived at Dhaka on
Goal galore in U-16 qualifiers
Iran moved within one point of qualifying in the AFC U-16 Women’s Championship final round on Tuesday when they trounced Jordan 6-1 in their third match at the Bangabandhu National Stadium. The Iranians now lead Group B with nine points from three matches and will only require a draw in their Thursday’s last match against ... Read more
Bilateral FTA with India to weigh on B’desh economy
Eu Study On Trade Policy Bilateral FTA with India to weigh on B’desh economy A bilateral free trade agreement with India would benefit India significantly and adversely impact the Bangladesh economy as India has the comparative advantage on export, reveals a study report of the European Union. The report, titled ‘Comprehensive Trade Policy’, said an ... Read more
Bangladesh retail sales reach $12b during 2 Eids: WB
Retail sales in the country reached US$ 12 billion during the last two Eid festivals driven by strong domestic demand and consumption, according to a World Bank estimate. The international lending agency on Tuesday gave the estimate while releasing its latest Bangladesh Development Update-October, 2014 at its Dhaka office.
Shahjibazar’s surge continues
The share prices of Shahjibazar Power Company hit the roof for the second trading session on Tuesday after the trading of the shares of the company resumed at the Dhaka Stock Exchange on Monday after a trade suspension since August 11 this year. The company’s share prices surged despite the trade suspension and a downward ... Read more
Prime misses BB deadline again to refund jobseekers
Embezzlement Of Tk 30cr Prime misses BB deadline again to refund jobseekers Prime Bank is yet to refund the undertaking money its mobile banking service solution provider SMG Infocom Ltd had collected from 2,500 jobseekers for which the central bank had set the deadline of September 30. A BB official told New Age on Tuesday ... Read more
Export earnings from Japan drop in Q1
Country’s export earnings from Japan dropped by 4.36 per cent to $230.72 million in the first quarter of the current fiscal year compared with that of $241.26 million in the same period of the financial year 2013-14 due to negative growth in footwear and readymade garment export. Exporters said that the negative growth to the ... Read more