Md Russel Shahrior has recently joined FAS Finance & Investment Ltd as managing director and chief executive officer. Prior to the appointment, he was the deputy managing director of MIDAS Financing Limited, said a news release. Shahrior served as executive vice-president and head of SME Finance, Green Banking & IT Division at IIDFC for more than eight ... Read more
Month: November 2014
Dhaka stocks plunge as investors overreact to BSEC’s stance
Turnover hits three-and-half-month low Dhaka stocks declined for the second trading session on Sunday, first trading session of the week, with the turnover at the Dhaka Stock Exchange hitting its three-and-a-half-month low as investors overreacted to a regulatory step against Shahjibazar Power Company Ltd. The key index of the DSE, DSEX, closed at 4,838.11 points,
Zeal Bangla Sugar Mills stands with uncertainty: auditor
The auditor of Zeal Bangla Sugar Mills, a state-owned entity listed with the stock market, has expressed doubt over the future of the company due to an accumulated losses amounting to Tk 138.80 crore and due to higher production cost than the selling price of sugar. Malek Siddiqui Wali, the auditor of the company,
Chhayanaut remembers Sufia Kamal
Chhayanaut observed the 15th death anniversary of its founding president Poet Sufia Kamal with a cultural programme in its auditorium on Friday. The programme featured a commemorative lecture and presentation of patriotic songs composed by three great poets — Dwijendralal Roy, Atulprasad Sen and Rajanikanta Sen — in group and solo. Chhayanaut vice-president Sarwar Ali in his ... Read more
Three pacers Tigers’ bet again
Bangladesh are likely go into the second one-day international against Zimbabwe in Chittagong today with the same combination despite their decision of fielding three pace bowlers, which nearly backfired in the opening game. Bangladesh decorated their bowling attack with three pacers – Mashrafee bin Murtaza, Al-Amin Hossain and Rubel Hossain – considering the dew factor,
Superb Sakib awaits more achivement
All-rounder Sakib al Hasan is in a two-way battle respectively with team-mates Mashrafee bin Murtza and Tamim Iqbal as far as individual performance is concerned during the ongoing one-day international series against Zimbabwe. The prolific cricketer is jointly country’s second highest wicket taker along with Mashrafee (175 wickets), though the latter is one international
Last-gasp MMC hold Abahani
Abahani Limited squandered a 2-0 lead to be held for a 2-2 draw by Manang Marsyangdi Club of Nepal in Bhutan’s King’s Cup on Saturday to dash their hopes of qualifying for the semis effectively. Abahani took the two-goal cushion inside 37 minutes at the Chenglimithang Stadium in Thimphu before allowing the Nepalese club to claw ... Read more
Football concert at BNS on Feb 13
The Bangladesh Football Federation has received the green signal from the National Sports Council to host a fund-raising musical concert at the Bangabandhu National Stadium on February 13, officials said on Saturday. The BFF was planning to host the concert for quite some time but had to wait for the NSC nod in the face of ... Read more
BB asks Prime to file criminal cases against officials involved
Swindling Of TK 30CR From Job Seekers BB asks Prime to file criminal cases against officials involved Bangladesh Bank has asked Prime Bank Ltd to take legal action against the officials of SMG Infocom Ltd and Prime Bank who were involved in swindling of around Tk 30 crore received from 2,500 jobseekers as undertaking. The BB ... Read more
Take preparations for negotiations on new, emerging trade issues
Experts advise LDCs at CPD-FES dialogue Trade experts on Saturday suggested that the least developed countries including Bangladesh should immediately undertake necessary preparation to reap benefits from negotiations on new and emerging trade issues and to bring momentum in the current trade negotiations of the World Trade Organisation. LDCs will face difficulties and fail to reap ... Read more
BB for continuation of services of S&P, Moody’s till 2017
Bangladesh Bank has sought the finance ministry’s approval for continuation of services of the current two credit rating agencies for three more years to 2017 as the central bank opts for avoiding procurement regulations-related hassles under a fresh appointment process. The BB in a letter sought the approval past week,
Flavours of Nabanno festival at Ramna Batamul
The delicious smell of pithas wafting through the air at Ramna Batamul makes it known that Nabanno festival has finally arrived for the urban dwellers. Nabanno, one of the most celebrated festivals of the country, is one of the greatest times of merrymaking for the farmers, as they harvest their crops at this time. However, the ongoing ... Read more
Tigers ride on another Sakib bonanza
Sakib al Hasan returned to one-day international cricket with a stunning all-round performance leading Bangladesh to a crushing 87-run win over Zimbabwe in Chittagong on Friday. Sakib scored 101 off 99 balls and followed that with 4-41 with the ball as Bangladesh scored 281-7 runs in 50 overs and later dismissed the visitors for 194 in ... Read more
Sublime Sakib touches new height
Every time Sakib al Hasan takes the bat or ball he gets a reason to look for something special in the ongoing series against Zimbabwe. The first one-day international in Chittagong on Friday was also not an exception. Making a comeback in the ODI side, Sakib, the newly-appointed vice-captain, saw the team wobbling at 3-31, meaning he ... Read more
No room for relax, says Mashrafee
Bangladesh’s new one-day skipper Mashrafee bin Murtaza said they have little room to relax despite a convincing 87-run win in the first one-day international against Zimbabwe in Chittagong on Friday. Bangladesh overcame a poor start to put 281-7 and then dismissed Zimbabwe for 194 runs in 42.1 overs to end their 12-match losing streak and take ... Read more
Legends accuse authority of biasness
Defending Dhaka Premier League champions Legends of Rupganj alleged that they were forced to play their fourth round match against Abahani on Friday with a controversial umpire in charge. Legends’ joint-secretary Tarikul Islam Titu said they lodged an official complaint to the Cricket Committee of Dhaka Metropolis about umpire Mizanur Rahman a day before the game ... Read more
Abahani face MMC in King’s Cup today
Abahani Limited will take on Nepal A-Division League champions Manag Marshyangdi Club today in their third Group B match of the King’s Cup, hoping to keep their semi-final dream alive. The match will start at 7:00pm Bangladesh time at the Changlimithang Stadium in Thimphu, Bhutan. Abahani’s hope to reach the semi-finals received a huge
Bad loans surge by 32.68pc in Jan-Sept
The worst type of defaulted loan stands at Tk 42,353cr Bad loans, the worst category of the defaulted loans, in the banking sector increased by 32.68 per cent to Tk 42,352.86 crore in the first nine months of this year due to the scheduled banks’ failure in recovering classified loans amid rising financial corruption. According to ... Read more
BSEC to formulate guidelines on ETF operation
DSE to miss Dec target for ETF launch The Bangladesh Securities and Exchange Commission has moved to formulate guidelines on operating index-based exchange traded fund and to scrutinise the Dhaka Stock Exchange’s proposal of launching two index-based ETFs, BSEC sources said. The BSEC’s moves came at a coordination meeting of the commission held on November 19. ... Read more
Prices of edible oil rise, vegetables fall
The prices of edible oil went up in the city’s retail markets over the week ending Friday due to a decreased supply from the refiners. The prices of vegetable, however, decreased on the kitchen markets due to an increased supply of winter vegetables. Traders said that the prices of unpacked soya bean and palm oil increased by ... Read more