NBR starts groundwork on next budget

January 31, 2014

FBCCI seeks proposals from chambers, associations
The National Board of Revenue has started groundwork to formulate the revenue budget for the coming fiscal year of 2014-15 and sought proposals from its field offices in this regard, officials of the revenue board said. NBR field offices have been requested to send their proposals by February, they said. On the other hand, the Federation of Bangladesh Chambers and Read more

Sonali opposes Keya cos’ amalgamation process

January 31, 2014

Unsettled Loans
Sonali opposes Keya cos’ amalgamation process
Sonali Bank has opposed a proposed amalgamation process of Keya Cosmetics Limited with its three other associate companies — Keya Knit Composite Limited, Keya Cotton Mills Limited and Keya Spinning Mills Limited — due to unsettled loans with different bank.
The state-owned bank’s letter sent to Bangladesh Read more

Dhaka stocks end the week flat

January 31, 2014

Dhaka stocks ended flat on Thursday, the last trading session of the week, with an increased turnover. The benchmark general index of Dhaka Stock Exchange, DSEX, closed at 4,753.17 points, adding 0.09 per cent or 4.65 points. The blue-chip index of the bourse, DS30, declined by 0.15 per cent, or 2.60 points, to close at 1,660.35 points. Shariah index, DSES, closed Read more

Islamic cos show keen interest to invest: DSE president

January 31, 2014

Shariah Index
Islamic cos show keen interest to invest: DSE president
Leading Islamic banks, non-bank financial institutions and insurance companies at a meeting with the Dhaka Stock Exchange on Thursday expressed keen interest in the Shariah index, DSE president Ahsanul Islam Titu said after the meeting held at the DSE office in the city.
The bourse on January 20 introduced the Read more

Recovred money handed over

January 30, 2014

Sonali Bank burglary
The Rapid Action Battalion (RAB), on Wednesday, handed over the prime suspects in the Kishoreganj bank robbery case—Habibur Rahman alias Sohel Rana and Motahar Hoissain alias Idris Ali—to the investigation officer of Kishoreganj Sadar police station.
The RAB also recovered Tk. 16.19 crore and Read more

Yunus tops the list of inspirational Bangladeshis

January 30, 2014

Nobel laureate Professor Dr Muhammad Yunus earned the top position among the 10 inspirational Bangladeshis around the world in a list released on Tuesday by British Bangladeshi Power and Inspiration, an organisation based in London. Co-founder of YouTube Jawed Karim, BRAC founder Sir Fazle Hasan Abed, JAGGO founder Korvi Rakshand, Khan Academy Read more

Germany to continue support to fire safety effort in RMG

January 30, 2014

The German ambassador in Dhaka, Albrecht Conze, on Wednesday said that his government would continue its support to ensure fire safety in the Bangladesh’s apparel factories as there was huge public pressure in the western world to ensure safety standard in the factories.
‘I do not think we would lose the momentum Read more

Artworks of local, foreign legends on display

January 30, 2014

Artworks of local, foreign legends on displayArtworks by the eminent local and foreign artists are under one roof in a ten-day art exhibition at the Bengal Art Lounge in Gulshan.
The show titled Ways of Seeing features 42 artworks by 15 local and six foreign master artists in various mediums including watercolour, oil, and acrylic along with a number of prints.
The show has been organised Read more

Mahela flays toothless Tigers

January 30, 2014

Mahela Jayawardene once again victimised the Bangladeshi bowlers to show his class as he cracked an unbeaten double century to compound the hosts’ misery in the first Test in Dhaka on Wednesday. His 203 not out, the right-hander’s fifth Test century against Bangladesh, guided Sri Lanka to a mammoth 730-6 and gave them an imposing 498-run first innings lead Read more

‘Hosts gave up’

January 30, 2014

Mahela Jayawardene reached another milestone in his illustrious career on Wednesday, even if he was too busy flaying Bangladeshi bowlers around the Sher-e-Bangla National Stadium to notice. He did, however, notice a change in the way the hosts approached the game as he and the other Sri Lankan batsmen put the game out of reach. Jayawardene moved Read more

Sohag thinks Tigers bowled well

January 30, 2014

On a day when Bangladeshi bowlers were taken to task by the Sri Lankan batmen to the tune of 730-6 declared – the highest team total against the Tigers in Tests – off-spinner Sohag Gazi argued that the attack actually performed decently on Wednesday. His assessment after Bangladesh’s disappointing performance stunned those at the press briefing who saw the hosts Read more

Tribunal summons Pont, Mashrafee

January 30, 2014

Dhaka Gladiators skipper Mashrafee bin Murtaza and coach Ian Pont were summoned by the Bangladesh Cricket Board’s Anti Corruption Tribunal to give their accounts of the Bangladesh Premier League match-fixing scandal, officials said on Wednesday. Mashrafee appeared before the tribunal on Wednesday, while Pont is expected to to give his Read more

CHANNEL9 gets Asia Cup 2014 TV rights

January 30, 2014

Satellite TV channel CHANNEL9 has secured the sole broadcasting TV rights in Bangladesh for the Asia Cup 2014 from February 25 to March 8.
The announcement was made by CHANNEL9 managing director Enaytur Rahman at the Spectra Convention Centre in Dhaka at a press conference on Wednesday. Read more

Local cos to get VAT exemption for goods supply, services

January 30, 2014

International Tender In Bangladesh
Local cos to get VAT exemption for goods supply, services
The National Board of Revenue has granted exemption of value-added tax to local companies participating in international tenders for supplying goods and services inside the country to increase competitiveness of local bidding firms and save foreign currency, officials said.
The revenue board has recently amended the Read more

7 new districts to come under zila budget

January 30, 2014

Finance minister AMA Muhith on Wednesday said the government would bring seven districts of the seven divisions under the zila (district) budget in the next financial year.
The districts will be brought under the district budget as part of the government policy to decentralise the annual budget, said Muhith at a meeting Read more

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