The Bangladesh Securities and Exchange Commission on Thursday asked all the listed companies to hold their annual general meetings within the city of their registered offices in a bid to make it convenient for the shareholders to attend the meetings. The capital market regulator issued an order in this regard as many of the listed companies ... Read more
Month: November 2014
Pvt sector credit growth inches up in Sept
The private sector credit growth inched up in September from that of the previous month as the country’s import payment increased significantly in the first quarter of this financial year. According to the latest Bangladesh Bank data released this week, the year-on-year credit growth rate in the private sector rose to 12.15 per cent in September ... Read more
Small businesses want collateral free loan, repayment grace period
The small entrepreneurs demanded collateral free loan facility and grace period for repayment through the SME banking window at a discussion meeting held in the capital on Thursday. The SME Foundation organised the discussion meeting at the SME fair jointly staged by the SMEF and the Bangladesh Bank. Entrepreneurs alleged that banks do not provide loans to
Dhaka stocks finish week downbeat
Dhaka stocks declined on Thursday, last trading session of the week, after a two-day rise due to a decreased participation of institutional investors. The key index of Dhaka Stock Exchange, DSEX, finished at 4,984.46 points, shedding 0.42 per cent or 21.19 points. The market on Thursday started positive with
Humayun Ahmed’s birth anniversary today
Today is the 66th birth anniversary of legendary author, dramatist, screenwriter, playwright and filmmaker Humayun Ahmed. Different socio-cultural organisations have organised different programmes to mark the occasion. Television channels have also chalked out special programmes in celebration of the day. Bangladesh National Museum has organised a 15-day exhibition featuring photographs, manuscripts and personal belongings
Tamim, Imrul flay Zimbabwe
Tamim Iqbal and Imrul Kayes reunited to put an epic double century partnership, leading Bangladesh to a commendable 303-2 on the opening day of the third Test in Chittagong on Wednesday. The pair, easily the best ever to open the innings for Bangladesh, took control of the game from the word go to flay Zimbabwean bowlers, ... Read more
A tale of a successful pair
In 37 Tests, Tamim Iqbal has spent time together with at least 21 cricketers at the crease, but perhaps he never felt as comfortable as he does with Imrul Kayes on the other side. The pair reunited on Wednesday to write a new chapter in Bangladesh cricket, putting the country’s first ever double century stand ... Read more
Jamal, Abahani leave for Bhutan today
Reigning Bangladesh Premier League champions Sheikh Jamal Dhanmondi Club and runners-up Abahani Limited will leave for Bhutan today to take part in the King’s Cup Football Tournament, beginning on November 15. Both the sides will be participating in the tournament with a hope to reach the final which are also expected to be a great preparation ... Read more
Bangladesh face Afghans today
Saff Women’s C’ship Bangladesh face Afghans today Bangladesh will begin their campaign of the third SAFF Women’s Football Championship against Afghanistan at the Jinnah Football Stadium in Islamabad, Pakistan today. The two teams have been drawn in Group A alongside India and the Maldives. ‘My team will try their best to pick up a good ... Read more
Academy in a mess before start
Under pressure from world football’s governing body, the Bangladesh Football Federation sets rolling the country’s first-ever football academy in Sylhet today without any long-term plan. A total of 40 students from two different age groups, who are currently in Sylhet to join the academy, face an uncertainty over their academic future as the BFF has no ... Read more
Trade deficit soars by 89pc in Q1 on tattering export
Country’s trade deficit increased by 88.95 per cent to $2.39 billion in the first quarter of this financial year compared with that of $1.26 billion during the same period of the FY 2013-14 due to higher import growth against lower export growth. The deficit had posted a negative growth of 37.37 per cent in the July-September ... Read more
Google Bus launched to provide internet training to students
Global search engine giant Google Inc on Wednesday launched Google Bus project in Bangladesh to provide training and create awareness about internet. Google Bus will visit 480 educational institutions — colleges and universities — across the country where registered students will take part in training sessions
Ruposhi Bangla yet to start renovation works 2 months after closure
State-owned Ruposhi Bangla Hotel is yet to start physical renovation of the hotel and is set to missing the November schedule as it has failed to finish the tendering process for the work, said officials. RB officials said the reopening of the hotel might also be delayed by couple of months as the management missed asset ... Read more
Govt to intensify monitoring of mega projects
The government has decided to intensify monitoring activities in implementation of mega development projects including Padma Multipurpose Bridge for ensuring speedy execution of projects under fast track initiative, officials of the Economic Relations Division said. ERD has also decided in principle to include the Matarbari 1200
CSE gets BSEC nod to appoint Matin as MD
The Chittagong Stock Exchange has got the Bangladesh Securities and Exchange Commission approval to appoint Wali-ul-Maroof Matin, a former chief executive officer of the bourse, as its managing director. A letter of the stock market regulator issued on Tuesday said the BSEC, as per the provision of the Chittagong Stock Exchange (Board and Administration) Regulations 2013,
Banks urged to set single-digit interest rate on SME loans
Businesspeople, experts make the call at SME Financing Fair 2014 Businesspeople and experts on Wednesday urged the scheduled banks to set rate of interest on the SME loans at single digit instead of the existing high interest rate in a bid to strengthen the country’s financial inclusion. The request came from the inaugural session of the ... Read more
Advisory body expresses concern over IPO criticism
Asks BSEC to take steps to cut stock market’s dependency on banks The capital market advisory committee at its second meeting on Wednesday expressed its concern over the growing criticism about the initial public offering approval process and Bangladesh Securities and Exchange Commission’s role in the process, sources present at the meeting told New Age. ... Read more
Stocks rise for second day
Dhaka stocks advanced sharply on Wednesday with the key index of Dhaka Stock Exchange, DSEX, rebounding above 5,000 points level as investors continued with optimistic share purchase. DSEX, increased to 5,005.65 points, adding 1.43 per cent or 70.87 points after a 21-point rise in the previous day. Market operators said that investors’ optimistic participation on the trading
Noted French filmmaker to conduct Tareque Masud Master Class
French master filmmaker Claire Denis will visit Bangladesh to attend a programme titled Tareque Masud Master’s Class in December. The two-day programme will be held on December 8 and 9 at Chhayanaut at Dhanmondi in the capital. The programme, which will start at 9:00am on both the days, will feature screening of six films by Claire ... Read more
Konjush, Kongkal staged on second day
Dristipat Theatre Fest Konjush, Kongkal staged on second day Two invited theatre troupes — Loko Natyadal (Siddheswary) and Natyateertha — staged plays on the second day of the ongoing six-day Dristipat Theatre Festival on Monday at the theatre halls of Bangladesh Shilpakala Academy. Dristipat Natyadal has organised the festival to celebrate its 30th founding anniversary. Loko Natyadal ... Read more