The World Bank will lend US$ 300 million soon to facilitate long-term financing for the country’s export-oriented manufacturing sector and to strengthen financial market infrastructure, sources in the finance ministry and Bangladesh Bank said. The support from the multilateral lending agency will come under ‘Bangladesh Financial Sector Support Project’. Officials concerned
Month: February 2015
NBR raises taxicab cos’ capital limit
Relaxes condition on engine capacity The National Board of Revenue has increased the lower limit of paid-up capital for companies to run taxicab business to Tk 2.5 crore from Tk 10 lakh and relaxed the condition related to engine capacity of taxicabs, officials said. Investors intend to enter into taxicab business will be able to import ... Read more
Pvt sector credit growth target unrealistic amid unrest : UO
Monetary Policy For January-June Pvt sector credit growth target unrealistic amid unrest : UO The private sector credit growth target of 15.5 per cent set by Bangladesh Bank for the second half of the current fiscal 2014-15 is unrealistic amid the current state of severe political unrest, said Unnayan Onneshan, a local independent think-tank. In a ... Read more
Foreign transactions at DSE drop by Tk 103cr in Jan amid political uncertainty
Foreign investors’ transaction at the Dhaka Stock Exchange dropped by 17 per cent or Tk 103 crore in January this year compared with that of the previous month due to a lingering political uncertainty in the country, operators said. The DSE data released on Sunday showed that in January this year overseas investors’ total transaction was ... Read more
Shakib becomes president Amit secretary general
Film Actors’ Association Election Shakib becomes president Amit secretary general Dhallywood superstar Shakib Khan has been elected the president while hero turned villain Amit Hasan has been elected the secretary general of Bangladesh Film Actors’ Association. Omar Sunny became the vice-president and actress Moushumi and Bobby became executive members in the election. Shakib beat villain Ahmed Sharif ... Read more
Tigers ‘looking forward’ to Clarke return
Bangladesh national cricket team appeared unfazed on hearing the news that recovering Australian skipper Micheal Clarke has been included by Cricket Australia to play against them in their second unofficial practice match against an Australian XI on February 5. A statement published on the Bangladesh Cricket Board official website, citing Cricket Australia, on Saturday confirmed
NCL second round from today
Defending champions Dhaka will take on Dhaka Metro in the battle of the Divisional powerhouse as National Cricket League second round gets underway at different venues from today. As both the sides won their opening round gamescomprehensively, suggesting this match is expected to provide some extra-spice at the Fatullah Stadium. Rangpur, who earned full points in their
Malaysia U-23 first to reach semis
Malaysia Under-23 became the first team to reach the semi-finals of the Bangabandhu Gold Cup when they defeated Sri Lanka national team 2-0 in their last group match at the Sylhet District Stadium on Saturday. The loss put some extra pressure on Sri Lanka before they face hosts Bangladesh in their crucial last Group A match ... Read more
Kruif wants strikers to deliver
The Bangladesh football coach Lodewijk de Kruif labelled the national team’s inefficient forward line-up as the major obstacle to their success in the international circuit on Saturday. Scoring goals has been the stumbling block for Bangladesh as they converted only six goals in their last eight international matches. And the issue again hogged the headlines when Bangladesh ... Read more
Dhaka phase kicks-off today with S’pore-Bahrain game
The Dhaka part of the ongoing Bangabandhu Cup Football Tournament kicks off today, with top-ranked Bahrain Under-23 taking on Singapore Under-23 in their Group B match at the Bangabandhu National Stadium. Bangladesh Football Federation will host a total of five matches at the BNS including a semi-final and the final on February 6 and 8 respectively. The ... Read more
Dhaka to seek removal of NTBs, infrastructure dev on border
Indo-Bangla Customs Meeting Dhaka to seek removal of NTBs, infrastructure dev on border Bangladesh will seek removal of non-tariff barriers, improvement of infrastructure and connectivity and harmonisation of customs procedures at the land customs stations along the border between India and Bangladesh at the upcoming meeting of the Joint Group of Customs to facilitate bilateral ... Read more
RMG factory owners to enjoy 4-yr deferred LC payment
Capital Machinery RMG factory owners to enjoy 4-yr deferred LC payment Readymade garment factory owners are going to enjoy four-year deferred letter of credit payment facility in importing capital machinery and five-year repayment facilities for foreign loans in place of existing one year. According to a recent decision of the Board of Investment and Bangladesh Bank, ... Read more
ICD seeks BR help to cut congestion at Ctg port
Wants speedy transportation of ICD-bound containers Inland Container Depot of Bangladesh Customs has requested the Bangladesh Railway to speed up the transportation of ICD-bound containers from Chittagong Port to reduce congestion and the cost of doing business, officials said. They said that a severe container congestion was created at Chittagong Port because of delay in transportation ... Read more
BTRC likely to sue Citycell to realise Tk 246cr in dues
Bangladesh Telecommunication Regulatory Commission is likely to file a case against country’s first cellular mobile phone company Citycell to realise Tk 246 crore dues, said officials. BTRC officials said the commission has already initiated a process to file case against Citycell under the Public Demand Recovery Act. ‘Last week the commission decided to issue a show-cause
Political upheaval sends Dhaka stocks down for 3rd week
DSE Weekly Review Political upheaval sends Dhaka stocks down for 3rd week Dhaka stocks declined last week, the third week in a row, with a decreased turnover as investors were shaky amid rising tension on the political front. The key index of Dhaka Stock Exchange, DSEX, closed at 4,724.05 points on Thursday, shedding 1.54 per cent ... Read more