Fitch to be 3rd int’l agency to rate Bangladesh economy

February 23, 2014

Another rating agency, Fitch Ratings, is set to be appointed for rating the country’s economy for two years (2014-2015), alongside the existing two agencies—the Standard & Poor’s and Moody’s, a senior official at the finance ministry said.  The ministry of finance on Wednesday gave its go-ahead to Bangladesh Bank for appointing the three rating agencies for two Read more

DSE T+2 stocks trading cycle unlikely this month

February 23, 2014

The Dhaka Stock Exchange is unlikely to meet its target to introduce the T+2 trading cycle, shares maturity in two trading session, this month as the bourse is yet to get a published gazette notification in this regard. In the existing transaction system, the DSE settles the transactions within three days of trading, which is called T+3 while settling the transactions within Read more

Muhith for strengthening supervision on SoBs

February 23, 2014

Stressing the need for strengthening internal supervision and control in the state-owned banks to ensure good governance, finance Minister AMA Muhith on Saturday said Hallmark scam took place in 2012 due mainly to weakness in internal control. ‘The SoBs must give due attention to their internal supervision and control to stop recurrence of such incidents,’ the finance Read more

Hajj pilgrims can choose any KSA-bound airline

February 21, 2014

Says High Court
The High Court yesterday declared ‘illegal’ the government’s decision directing Hajj pilgrims to choose only Biman Bangladesh Airlines or Saudi Arabia Airlines for going to Saudi Arabia.
Terming the government decision “illegal”, the HC said that the Hajj pilgrims could choose any airline while going to Saudi Arabia to perform Hajj. After Read more

Homage paid to ’52 martyrs

February 21, 2014

The nation paid tributes to martyrs of the language movement by placing flowers at shaheed minars beginning a minute after midnight past Thursday.
People in the capital Dhaka started streaming along roads leading to the Central Shaheed Minar on the Dhaka University campus to place flowers at the altar Read more

21st February missing in street theatre fests

February 21, 2014

21st February missing in street theatre festsStreet theatre productions highlighting the spirit of the language movement are hardly produced to be staged in the street theatre festivals organised at the Central Shaheed Minar in February.
For over two decades Bangladesh Group Theatre Federation observes Ekushey organising a weeklong street theatre festival at Central Sheed Minar in the first week of February and Shammilita Sanskritik Read more

Series slips through Tigers’ fingers

February 21, 2014

Bangladesh’s batting and fielding woes refused to go away as they conceded the one-day international series against Sri Lanka, going down by 61 runs in the second one-dayer at Mirpur on Thursday. Chasing a competitive 290 for victory on a good batting wicket, Bangladesh lost wickets at regular intervals to give the visitors an unassailable 2-0 lead going into the Read more

‘Mental blocks’ affecting Tigers

February 21, 2014

Low confidence, some mental blocks and the poor form of some performing players combined to bring about a series defeat for Bangladesh against Sri Lanka, skipper Musfiqur Rahim said after his side went down by 61 runs in the second one-day international on Thursday.
Bangladesh repeated their catching miseries Read more

Matching tons for Dhaka in NCL

February 21, 2014

Openers Abdul Majid and Rony Talukdar both reached triple-digits for league-leaders Dhaka as the fourth round of the National Cricket League got underway on Thursday. Dhaka v Rajshahi
Dhaka were 340-1 at the close of play on day one at the BKSP-4 ground in Savar, with Majid (155 not out) and Taiabur Parvez (65 not out) taking an Read more

Series slips through Tigers’ fingers

February 21, 2014

RMG Unit Inspection
Series slips through Tigers’ fingers
Bangladesh’s batting and fielding woes refused to go away as they conceded the one-day international series against Sri Lanka, going down by 61 runs in the second one-dayer at Mirpur on Thursday.
Chasing a competitive 290 for victory on a good batting wicket, Bangladesh lost wickets at regular intervals to give the visitors an unassailable 2-0 lead Read more

RMG sector at crossroads

February 21, 2014

Ungradation, transformation required to ensure growth, experts say at CPD dialogue
Experts at a programme on Thursday said that the garment sector in Bangladesh was at a crossroads and it was the right time for an upgradation and structural transformation of the sector to ensure sustainable growth. At a dialogue organised by Centre for Policy Dialogue, they said the volume of the Bangladesh garment sector was bigger than that of 90 countries in total, Read more

DC 10 signs off

February 21, 2014

The world’s last operating passenger DC 10-30 aircraft, which Biman Bangladesh Airlines had christened the New Era, made its farewell flight on Thursday for Birmingham in United Kingdom after serving 25 years in the fleet of the national flag carrier, marking the history of aviation industry. The 314-seater New Era departed Hazrat Shahjalal International Airport for Read more

Mozena talks tough against defiant RMG owners

February 21, 2014

US ambassador in Dhaka Dan W Mozena on Thursday said the defiant owners of the readymade garment who are ‘unwilling’ to meet the international safety and labour rights standards should ‘close and leave’ their businesses to keep the vibrant export-earning sector free from further risk. ‘I think they’ve no right to make their profits by exploiting their workers, thus Read more

Telcos seek Muhith’s intervention

February 21, 2014

Sim Replacement Tax Dispute
Telcos seek Muhith’s intervention
Country’s four mobile phone operators have sought urgent intervention of finance minister Abul Maal Abdul Muhith in resolving their dispute with the National Board of Revenue over SIM replacement tax worth Tk 3,062 crore that the NBR has been demanding since early 2012. In a joint letter wrote to the finance minister on Sunday, the four operators — Grameenphone, Read more

Nation set for Amar Ekushey

February 20, 2014

The nation pays homage to the martyrs of the language movement of 1952 a minute after midnight past today by placing wreaths at shaheed minars across the country.
The Central Shaheed Minar has been decorated for the observance of Shaheed Dibas, or February 21, which has also come to be observed as Read more

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