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
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