Bangladesh are all set to host the Group E matches of the AFC Under-23 Championship qualifiers from March 27 to 31, said officials of the Bangladesh Football Federation on Thursday. The draw ceremony of the tournament held on Thursday at the AFC headquarters in Kuala Lumpur where Bangladesh were drawn in Group E along with Asian ... Read more
Month: December 2014
July-Oct ADP implementation performance worst in 6 years
The implementation of annual development programme hit six-year low at 13 per cent in the first four months of the current fiscal year mainly because of low progress in large projects. Planning ministry officials said that ministries with higher ADP allocations failed to make any progress in large projects in July-October resulting in worst
‘Bad boy’ Sakib at it again
Suspended only few months ago for ‘severe attitude problem,’ Sakib al Hasan hit the headlines for a wrong reason again on Wednesday when he was fined Tk 10,000 for his behaviour in the Dhaka Premier League match. Sakib, playing his first match for Legends of Rupganj, allegedly charged umpire Mizanur Rahman verbally during their match against ... Read more
4 SoBs far away from target in recovering top defaulters’ loan
Four state-owned commercial banks — Sonali, Janata, Agrani and Rupali — recovered only Tk 226 crore, or 36.27 per cent of their annual target of Tk 623 crore, from their top 20 loan defaulters in the first nine months of 2014, the latest Bangladesh Bank data showed. The four banks were on the verge of ... Read more
NBR against commerce ministry proposal for one-stage VAT on edible oil
Sends summary on the proposal to finance minister The National Board of Revenue is against a commerce ministry proposal for collecting value-added tax on edible oil at only one stage of supply chain of the product instead of the existing multi-level VAT collection system, officials said. Apparently, the proposed system is easier for collection of VAT ... Read more
Govt inks deal to export 25,000 tonnes of rice to Sri Lanka
The government on Wednesday inked a deal with Sri Lanka for exporting 25,000 tonnes of coarse rice at a price of US$ 450 per tonne to the South Asian nation in its first ever move to sell the staple food grain abroad. The directorate general of the directorate of food, Sarwar Khan, and chairman of Lanka Sathosa ... Read more
Atiur asks BB officials to bring down defaulted loans
Bangladesh Bank governor Atiur Rahman on Wednesday asked the senior officials of the central bank’s inspection- and supervision-related departments to take immediate measures to curb the increased trend in the defaulted loans in the banking sector. The BB governor made the directive at an internal meeting held at the central bank headquarters in the capital while
Hamid Fabrics makes debut today
Trading of shares of Hamid Fabrics Limited begins at the Dhaka and Chittagong stock exchanges today after completion of initial public offering process. The trading and company codes of the company will be ‘HFL’ and 17464 at the Dhaka bourse, said the DSE in a web post published on Wednesday. The Bangladesh
Stocks gain for 3rd day as retail investors join buying spree
Dhaka stocks advanced for the third trading session on Wednesday with an increased turnover as retail investors, encouraged by a bigger participation of institutional investors on the trading floor, went for buying shares. Since Monday institutional investors increased their participation focusing on large capitalised companies scrips ahead of the year closing of the entities.
Stocks gain for 3rd day as retail investors join buying spree
Dhaka stocks advanced for the third trading session on Wednesday with an increased turnover as retail investors, encouraged by a bigger participation of institutional investors on the trading floor, went for buying shares. Since Monday institutional investors increased their participation focusing on large capitalised companies scrips ahead of the year closing of
Band fest entertains rock music lovers
Leading and upcoming bands entertained the audience at an open air concert organised to celebrate the month of Victory on the Channel-i premises at Tejgaon in the capital on Monday. The concert, titled Coca Cola Channel-i Bandfest, started with observing a minute’s silence commemorating the veteran painter Qayyum Chowdhury who died on Sunday night. Before the bands ... Read more
Adolescents prevail over Adults
For Abul Kalam, an under privileged boy living at a dormitory run by non government Aparajeyo Bangladesh for the last five years, it was not a routine day. Kalam was in a state of euphoria after being able to execute the guideline provided by his senior partner Sakib al Hasan, whom he had only watched ... Read more
No Tamim for Legends in Prime bank clash
Struggling Dhaka Premier League champions Legends of Rupganj received a further blow when their star opener Tamim Iqbal was ruled out of today’s crucial match against Prime Bank Cricketers for injury. Legends, who suffered defeats in consecutive matches to slip from the top of the table, were expecting Tamim and Sakib al Hasan to take the ... Read more
Jamal crowned kings in King’s Cup
Sheikh Jamal Dhanmondi Club clinched the Bhutan’s King’s Cup title with a narrow 1-0 win over Indian side Pune FC in the final at the Chanlamithang Stadium, Thimpu on Tuesday. Defender Yeasin Khan scored the all important goal in the 25th minute to confirm the second ever international silverware for his club. The trophy also erased the ... Read more
Remittance inflow rises by 11pc in July-Nov
The country’s inward remittance increased by 11.42 per cent to $6.19 billion in the first five months of the current financial year 2014-15 from $5.56 billion in the corresponding period of the FY14. Bangladesh Bank officials attributed the increase to expatriate Bangladeshis’ sending of significant amount of foreign exchange on the occasions of Eid-ul-Fitr and Eid-ul-Azha ... Read more
EU business council in B’desh soon
European Union will establish a business council in Bangladesh in a bid to expand and strengthen economic and trade relations between the country and the region, EU ambassador and head of EU delegation to Bangladesh Pierre Mayaudon told reporters on Tuesday. After a view exchange meeting with commerce minister
Sexual violence-free environment overlooked in RMG sector: expert
A gender expert on Tuesday said that sexual violence free work environment is often overlooked in the readymade garment sector in Bangladesh although factory compliances focused more on occupational health and hazards. ‘Bangladesh is still ranked 129 out of 169 countries in the gender inequity index… Women labour force participation rate is among the lowest
Coca-Cola under fire for ‘sexist’ new ad campaign
An advertising campaign for Coca-Cola’s new high-end milk has drawn huge criticism on charge of apparent ‘sexism’, reports Daily Mail. Featuring pictures of naked women dripping in barely-there dresses made of milk, Fairlife is being launched to much fanfare this month in the United States. The photographs, which appear to be working under the logic
Tofail criticises CPD for doubting country’s graduation from LDC status by ’21
Commerce minister Tofail Ahmed on Tuesday came down heavily on the Centre for Policy Dialogue for its latest statement in which CPD distinguished fellow Debapriya Bhattacharya had said that Bangladesh needed at least 10 more years for coming out from the list of least developed countries. At a press briefing at his secretariat office, he severely ... Read more
Stocks surge for 2nd day as large investors eye year-end boom
Dhaka stocks surged for the second trading session on Tuesday with investors focusing on large capitalised companies’ scrips amid institutional investors’ increased participation at the trading floor ahead of the year closing of the entities. The key index of Dhaka Stock Exchange, DSEX, increased to 4,932.89 points, adding 1.31 per cent or 64.24 points. Large capitalised