Business

Bangladesh International Arbitration Centre organised a dialogue on arbitration at Ruposhi Bangla Hotel in the city on Saturday with a view to encouraging those who had taken part in its workshops on alternative dispute resolution previously, said a press release. Four trainees — Jaharat Adib Choudhury,

Bajloor Rashid and Abdul Malik have recently been elected the chairman and vice-chairman of Progressive Life Insurance Company for the term 201 3-2014 respectively, said a press release. Bajloor, who had been awarded a Member of the British Empire by the Queen of Great Britain, was also the president of Bangladesh Caterers’ Association in UK

Mohammed Solaiman has unanimously been re-elected the chairman of Shahjalal Islami Bank Securities recently, said a press release. While Mohammad Farooq and Abdul Halim were unanimously re-elected vice-chairmen. Solaiman, who holds a masters degree in public administration from Chittagong University, is a sponsor director and former chairman of Shahjalal Islami Bank and a founder director

The defaulted loans in the agriculture sector increased by 21.06 per cent in the last one year as the banks did not take adequate initiatives to recover their loans disbursed to the farmers, said Bangladesh Bank officials. Besides, the officials said, a large number of farmers failed to repay their loans in the period after ... Read more

The prices of vegetables and onion went up on the retail markets in the city over the week ending Friday. Traders said the prices of vegetables increased because of a supply shortage amid general strike in last week. Most of the vegetables saw an increase of Tk 5-Tk 10 a kilogram in their prices. Aubergine was selling ... Read more

NBR adds 20 booths to Dhaka venue The income tax fair in Dhaka drew huge crowd on Friday, a public holiday, but taxpayers complained that they struggled to find satisfactory services at the fair. Officials of the National Board of Revenue said that they increased the number of booths by 20 at the Officers’ Club, ... Read more

The Bangladesh Bank has sent letters to the home ministry and all commercial banks asking them to check inflow of fake currency in all cattle markets across the country ahead of Eid-ul-Azha. In the letter, the central bank has asked them to take adequate measures to detect counterfeit notes in the markets. The committees, formed

BB officials see rise temporary Credit growth in the private sector increased slightly in July, the first month of the current fiscal year, after 12 months due to a higher import of food products in the period, said officials of the Bangladesh Bank. According to the latest BB data, credit growth in the private sector increased ... Read more

Demutualisation Scheme DSE to urge BSEC to up brokers in board The Dhaka Stock Exchange has decided to propose that the Bangladesh Securities and Exchange Commission should increase the number of representatives of member-brokers in the bourse’s board once it is demutualised. The bourse made the decision at a board meeting on Tuesday, DSE sources said. On ... Read more

Fresh online registration for both male and female workers aspiring to get employed in the international job market would begin on September 22. Aspirant workers will be able to get registered at their nearest information service centres under union councils, municipalities and city corporations

Decides to raise number of booths for e-TIN Tax officials on Thursday continued to struggle in providing smooth services to taxpayers at the nationwide income tax fairs mainly due to inadequate service booths against the huge rush. Burdened with the pressure of growing service seekers at the Officers’ Club in Dhaka, the fair venue for ... Read more

The Bangladesh Telecommunication Regulatory Commission has drafted directives on introducing local and international commercial toll-free services aiming at call centres, private companies and banks. A toll-free number is an option where the number holder pays for the calls it receives. Callers need not pay for their calls to a toll-free number. The entities

Hopeful for GSP retention by December Commerce ministry on Thursday stressed on going faster in appointment of at least 200 labour inspectors by December for retaining GSP status for Bangladeshi products in the U.S. market, officials said. The ministry at a meeting on the day reviewed the implementation progress of actions taken by the government based ... Read more

Dhaka stocks inched down on Thursday, the last trading session of the week, but the turnover recorded heavy fall amid fresh unrest on the political front as the Jamaat-e-Islami observed the second day of its 48-hour general strike. The benchmark general index of the Dhaka Stock Exchange, DSEX, closed at 4,097.71 points, shedding 0.44 per cent, or ... Read more

A six-day SAARC Handicraft Exhibition will begin in the city on Sunday, aiming to strengthen mutual harmony among SAARC countries through promoting the traditional local handicraft industry and developing the cultural institutions. Cultural affairs minister Abul Kalam Azad made the announcement at a press briefing at the PID conference room of

The finance ministry plans to revise the existing regulations governing the national savings certificates through lifting the current limits on investment in the savings tools and accepting those as collaterals against bank loans. The move, aimed largely at curbing the government’s over-dependence on bank borrowings to finance its budget deficit

Food import, however, jumps The country’s overall import dropped significantly in August despite huge amount of imports of food products in the period. According to the latest Bangladesh Bank data, the settlement of letters of credit, generally known as actual import, registered a negative growth of 6.03 per cent in August compared with that of a ... Read more

The commerce ministry is under mounting pressure from the businesses to withdraw the ban on hilsa export, said officials. ‘Demands from the businessmen to remove the restriction have risen recently,’ commerce secretary Mahbub Ahmed told New Age on Tuesday. Mahbub last week visited India where the

Taxpayers on Wednesday had to wait at least three to four hours for completing procedures of taking electronically generated taxpayers’ identification numbers and submitting income tax returns at the income tax fair because of inadequate number of service booths and huge rush of service seekers. Taxpayers alleged that the number of booths

State-run Biman Bangladesh Airlines will take lease of two new generation aircraft dropping two existing DC-10s as the latter ones are consuming excess fuel, said Biman officials. They expect the two new aircraft to be added to the Biman fleet by December this year. To this end, the Biman authorities on