Has to kill one crore chicks each week The poultry industry has been facing serious setbacks with small and medium farmers incurring losses unable to sell chicken and eggs to due to transport problems caused by the nationwide blockade. About one crore one-day old chicks, worth Tk 30 crore, had to be killed in one week ... Read more
Month: January 2015
Stocks end week flat with decreased turnover
Dhaka stocks finished flat on Thursday, the last trading session of the week, with a decreased turnover as investors remained shaky amid a dawn-to-dusk general strike enforced by the BNP-led alliance. The key index of Dhaka Stock Exchange, DSEX, closed at 4,956.09 points, adding 0.08 per cent or 4.40 points on the day. Turnover at the bourse, ... Read more
Brett Lee retires from cricket after 20-year career
Former Australia fast bowler Brett Lee has announced his retirement from all forms of cricket after a 20-year career. The 38-year-old stopped playing internationally in July 2012, but had been a Twenty20 regular, both in the Indian Premier League and in domestic competition in Australia. Lee, who made the announcement at the Sydney Cricket Ground, ... Read more
Friends forever vie for the same slot
Not on too many occasions Bangladesh national cricket team has faced such a serious selection dilemma. Two in-form players of equal caliber vying for one slot is something that rarely happened to Tigers in the past. This is what could happen in the upcoming World Cup, not just for one slot, but for a few. It ... Read more
Major change in BCB committees on card
First BCB meeting of the new year today The Bangladesh Cricket Board is likely to bring some major changes on its standing committees today when it holds its first meeting of the year for the board of directors. The meeting was scheduled to start at 2:00pm at the Sher-e-Bangla National Stadium; but the BCB later ... Read more
Singapore to send U-23 team in Cup
Singapore Football Association backed out from its promise of sending the national team for the Bangabandhu Cup, saying that they will send only their Under-23 team, said an official on Wednesday. ‘Singapore confirmed us that they will send their Olympic team,’ said BFF general secretary Abu Nayeem Shohag. Singapore is the second country to agree to send ... Read more
IMF set to stop ECF for B’desh
The IMF is set to quit the ECF programme soon as the government has failed to commit implementation of roadmap for the new value-added tax act, suggesting a bitter relation between the government and the lending agency. The pre-mature ending of the reform programme that was undertaken about three years back to bring about regulatory changes ... Read more
e-LC in the offing to check tax dodging
The National Board of Revenue and Bangladesh Bank are going to introduce electronic letters of credit to prevent use of fake LCs as well as to facilitate importers and exporters in smooth international trade, officials concerned said. They said the system would check tax dodging through submitting fake LCs to the customs offices. The online or e-LC ... Read more
Banks to need CIB clearance for credit card issuance
BB frames draft policy Scheduled banks will have to take CIB clearance from Bangladesh Bank to issue credit card to their clients so that a single client cannot avail a number of cards from different banks violating the regulation, according to the central bank’s credit card draft policy. As per the central bank regulation, a ... Read more
DSE body suggests 18 new cos for DSEX, five for DS30
The index committee of Dhaka Stock Exchange has recommended that 18 new companies should be included in the bourse’s broad index, DSEX, and five companies in the blue-chip index, DS30. The DSE index committee on Monday made the decision as per the S&P Dow Jones Indices-set criterion which will be effective from January 18, a DSE ... Read more
WB forecasts steady growth prospect for Bangladesh
Cuts global outlook Bangladesh’s economy will expand steadily in the next three years, with the growth of the gross domestic product rising to 7.0 per cent in 2017, according to the latest report of the World Bank. The report, Global Economic Prospects 2015, released in Washington DC on Tuesday (early Wednesday in Bangladesh), projects that GDP ... Read more
Opening duo count on Aussie experience
Sakib al Hasan apart if anyone has better ideas about Australian conditions in the World Cup-bound Bangladesh squad he must be Anamul Haque or Soumya Sarkar. They are the two of the three cricketers from Bangladesh’s current squad to play in the ICC Under-19 World Cup in 2012 with paceman Taskin Ahmed being the other.
Superb Sakib sets up Renegades win
Sakib al Hasan celebrated his ascension to the top all-rounders’ ranking in all formats with an amazing bowling performance, setting up a five-wicket win for Melbourne Renegades over Brisbane Heat in Big Bash at Melbourne on Tuesday. Sakib made full use of a slow wicket to return with 4-13, the second best figure of the season, ... Read more
Bangladesh could face Malaysia in opener
Bangabandhu Cup Football Bangladesh could face Malaysia in opener Bangladesh Football Federation has all but finalized the fixture of the Bangabandhu Cup football tournament, despite holding a formal draw, said an official on Tuesday. Bangladesh are set to play alongside Malaysia and Sri Lanka in group stage with Singapore, Thailand and Bahrain Under-23 team lining ... Read more
Trade deficit touches record $4.48b in July-Nov
The country’s trade deficit in the first five months of the current financial year 2014-15 soared to $4.48 billion, equalling the previous record registered in July-November of the FY12 due to a massive drop in export earnings against higher import payment. According to Bangladesh Bank data released on Tuesday,
Planning Commission tough on slow-moving projects
The Planning Commission has issued guidelines on the revised annual development programme for the current fiscal year aimed at strict adherence to projects seeking enhanced resources. The latest regulations, issued past week also focused on the priority sectors in the economy to be considered favourably in the RADP. Original allocations from the slow performing projects
Exports to India rise by 41pc in H1 riding on jute
The contrary’s exports to India in the first half of the current financial year 2014-15 increased by 41.10 per cent to $257.48 million from $182 million in the corresponding period of the FY14 riding on jute and jute goods. According to Export Promotion Bureau data, the exports of jute and jute goods to India in July-December ... Read more
Banks allowed to set up electronic booths without BB nod
Bangladesh Bank has said the scheduled banks will not require taking prior permission from the central bank to set up electronic booths including automated teller machines. The BB on Tuesday issued a circular to managing directors and chief executive officers of all banks asking them to take prior approval from their respective board
BSEC bodies to probe unusual price hike of Alltex, Northern Jute
The Bangladesh Securities and Exchange Commission on Tuesday formed two committees to investigate the unusual price hike of shares of Alltex Industries and Northern Jute Manufacturing Company. Both the committees were asked to submit reports within 15 working days, said a BSEC press release. A commission meeting led by its chairman M Khairul Hossain made
2 brokers fined Tk 14 lakh
The Bangladesh Securities and Exchange Commission on Tuesday fined two brokerage firms of the Chittagong Stock Exchange Tk 7 lakh each for violating securities rules. The decision was taken in a regular commission meeting headed by the BSEC chairman M Khairul Hossain, said a BSEC press release. The BSEC fined Hillcity