All’s well that ends well Bangladesh’s cricket had a mixed fortune in 2014 as they had one of their all time low during the first 10 months before reversing their fate in the home series against Zimbabwe to end the year on a high note. Tigers can claim to have seen it all before getting back ... Read more
Month: January 2015
Of football and rare successes
The year that has passed will be remembered as one of busiest for Bangladesh sports, especially for football, who played three FIFA International friendly matches and lost none. Barring football, success eluded in other sports despite them having enough international exposures. Apart from a silver medal for shooter Abdullah Hel Baki in
Footballers begin training today
Bangladesh national football team will start their preparation camp for the Bangabandhu Gold Cup under interim coach Saiful Bari Titu at the BKSP in Savar today. The Bangladesh Football Federation has already announced a 26-member preliminary squad for the tournament, retaining all 23 players, who represented the
Revenue may fall Tk 13,000cr short of NBR target in FY15
The National Board of Revenue is likely to miss the revenue collection target in the current fiscal year, the third consecutive year in a row, mainly due to slowdown in economic activities including investment and sluggish domestic consumption, officials of the revenue board said. They said revenue shortfall might hit a record by around
Operating profits of most banks rise in 2014
Operating profits of most of the scheduled banks in the country increased slightly in the just-concluded year due to lower rate of interest on deposit against higher rate on lending in the maximum period of 2014, said senior officials of scheduled banks. They said that the banks had also made write-offs and rescheduling to decrease their ... Read more
Compliance, political dev key challenges to RMG sector in 2015
Maintaining the compliance issues and avoiding the possible political unrest will be the key challenges to the country’s readymade garment sector in 2015 after a year of sluggishness in export, said economists and exporters. The country’s export earnings largely depend on the RMG sector and the challenges of the sector are the main challenges for the ... Read more
Tk 1,500cr released for Sonali, BASIC
Recapitalisation Tk 1,500cr released for Sonali, BASIC The finance ministry has sanctioned Tk 1,500 crore as recapitalisation fund for state-owned banks–Sonali and BASIC—as the scam-hit public sector banks suffer from huge capital shortfall. The bank and financial institutions division of the finance ministry on Tuesday released the fund separately in favour of the banks concerned, attaching ... Read more
DSE blames BB for violating rules in assessing banks’ stock exposure
Bourse MD says revenue income was not that satisfactory in 2014 Dhaka Stock Exchange managing director Swapan Kumar Bala on Wednesday blamed Bangladesh Bank for violating the central bank’s own regulations in calculating banks’ capital market exposure. Swapan made the blame at the year-end media meet at the DSE office in the city. DSE chief regulatory ... Read more
Facility for negative equity transaction extended till June 30
The Bangladesh Securities and Exchange Commission for the third time on Wednesday extended the suspension period for the rule 3(5) of the Margin Rules-1999 by another six months to allow investors with margin loans to trade shares despite a 150-per cent fall in their portfolio value. ‘Following a request from the Dhaka Stock Exchange, the commission ... Read more
BSEC fines 1 co, 3 brokers Tk 18 lakh
Bangladesh Securities and Exchange Commission on Tuesday fined a company and three brokerage firms Tk 18 lakh for violating various securities laws. The decision was taken in a regular meeting of the commission on the day presided over by BSEC chairman M Khairul Hossain. The BSEC fined MP Spinning Mills