Merchant bankers urge SEC to review loan calculation method

August 31, 2010

Leaders of the Bangladesh Merchant Bankers’ Association on Monday requested the Securities and Exchange Commission to review its decision to impose a net asset value based calculation system for margin loan.
They urged the commission to allow market price based margin loan, even by lowering Read more

Eskayef gets Australian certification

August 31, 2010

The Therapeutic Goods Administration (TGA) of Australia accredited Eskayef Bangladesh Ltd, a leading local pharmaceutical, for its new world-class facility at Tongi.
Eskayef is the only company in Bangladesh that achieved both the UK MHRA and TGA, Australia.
“It is one of the toughest registration processes for pharmaceuticals in the Read more

GMG to operate scheduled flights during Hajj period

August 31, 2010

The country’s largest private carrier GMG Airlines will operate scheduled flights from Dhaka to Jeddah during the upcoming hajj period.
However, any passenger wishing to perform holy hajj can avail GMG’s scheduled flights to Jeddah in this regard, said a news Read more

GMG to operate scheduled flights during Hajj period

August 31, 2010

The country’s largest private carrier GMG Airlines will operate scheduled flights from Dhaka to Jeddah during the upcoming hajj period.
However, any passenger wishing to perform holy hajj can avail GMG’s scheduled flights to Jeddah in this regard, said a news Read more

StanChart closes 1st metal derivative transaction

August 31, 2010

Standard Chartered Bank and Energypac Engineering Ltd closed the first metal derivative transaction in Bangladesh.
The deal, a Floating to Fixed London Metal Exchange Copper Swap, will help Energypac to protect itself against adverse movements in copper prices and to effectively manage their copper Read more

Bata launches gift voucher

August 31, 2010

Bata Shoe Company (Bangladesh) Ltd has introduced ‘Bata Gift Voucher.’
Bata Shoe Company (Bangladesh) Ltd chief financial officer Mc Yee Slew NG inaugurated the offer in Dhaka on Sunday, said a news release.
Bata gift vouchers are like cash coupons that can be used by customers to make Read more

Mercantile Bank opens 57th branch in Mymensingh

August 31, 2010

Mercantile Bank has opened its 57th branch at Chhoto Bazar in Mymensingh town.
Chairman of the bank Md Abdul Jalil inaugurated the 57th branch as chief guest on Sunday, said a news release.
Local lawmaker Motiur Rahman, bank’s Audit Committee of the Board chairman Read more

Rajshahi loom products fair draws huge crowd

August 31, 2010

THE month-long Rajshahi garment, loom products fair and hena festival at Green Plaza of the city corporation is drawing a huge crowd which peaks every day evening after ifter when the city dwellers and people from the city suburb crowd the fair for Eid shopping.
The sellers said a good number of people were coming to the fair for buying silk Read more

Witness the weakness

August 31, 2010

About 60pc cases suffer as witnesses unwilling to testify for intimidation, hassle; govt talks of a protection act
Zafrun Nahar had spent five years trying to have her son’s killers punished. But no witness showed up to testify at the trial.
Frustrated that all her hard work brought nothing, she now sees no point in trying. “I have waited enough…seen enough. But no more do I wait for justice,” says a battle-weary Read more

Teesta erosion turns serious: Thousands homeless in Lalmonirhat

August 31, 2010

A devastating erosion by the river Teesta rendered over four thousand people belonging to about one thousand families of seven villages under three upazilas of Lalmonrhat district during the last three days.
The Chondimari spar under Mohishkhocha union of Aditmari upazila is under the threat of Teesta erosion as about 200 meters of its protection dam has already been damaged in the erosion.
Officials of the Water Development Board (WDB), Lalmonirhat said if the Chondimari spar were damaged by the erosion of the Read more

1320MW deal with India inked

August 31, 2010

Two top state-run entities of Bangladesh and India have signed a deal in New Delhi that would immediately pave the way for joint venture for a 1320 MW thermal power project in Khulna, with scopes open for another with equal capacity in Chittagong.
The Memorandum of Understanding, signed on Monday between Bangladesh Read more

No conviction in 90pc cases

August 31, 2010

HR commission chief blames cops over criminal offence probes
Police fail to get convictions in a mind-boggling 90 percent cases, the Human Rights Commission chief revealed yesterday.
HRC Chairman Prof Mizanur Rahman also said police exercise excess power, abuse laws and make indiscriminate arrests but they ultimately fail to prove charges they bring against the Read more

Hassan Mahmood new IGP

August 31, 2010

Mukhlesur Rahman made Rab DG
The government yesterday made Hassan Mahmood Khandker, director general (DG) of Rapid Action Battalion (Rab), the new inspector general of police (IGP) by replacing Nur Mohammad after about four years.
Besides, Rajshahi range deputy inspector general (DIG) Mohammad Mukhlesur Rahman has been made the new Rab DG Read more

Manpower export, remittance fall as major markets closed

August 31, 2010

Country’s manpower export has significantly declined over the year alongside the reduction of remittance earnings during the last couple of months, statistics show.
The reduction of manpower export is as high as 20 per cent as 231,171 jobseekers went abroad during the last seven months against 288,925 in corresponding previous Read more

Faulty launches getting facelift

August 31, 2010

Passengers await risky journey ahead of Eid
More than a hundred faulty and unfit launches are getting quick repair in Keraniganj dockyards to carry passengers on different routes ahead of Eid-ul-Fitr.
Most vessels have major defects in engines or design faults, said repairers in dockyards. They could not tell whether the launches have any fitness Read more

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