AIMS submits plan to BSEC for MF conversion

February 21, 2015

AIMS of Bangladesh Limited has submitted an action plan to the capital market regulator for the possible conversion or windup of two close-ended mutual funds it manages as the tenure of the mutual funds will end in June 30 this year, AIMS of Bangladesh managing director Yawer Sayeed told New Age on Monday. The AIMS-managed two mutual funds are AIMS First Guaranteed Read more

Commodity prices stay high

February 21, 2015

Prices of daily essentials including beef and mutton remained high in the capital’s kitchen markets over the week ending Friday as the ongoing blockade being enforced by the BNP-led alliance hurt the supply chain across the country. Beef was selling at Tk 340-Tk 350 a kilogram in the city’s kitchen markets on Friday while mutton was selling at Tk 500-Tk 530 a kg. Broiler price also Read more

Dhaka stocks return to negative zone

February 21, 2015

DSE Weekly Review
Dhaka stocks return to negative zone
Dhaka stocks returned to the negative zone last week after a sharp rise in the previous week due to investors’ profit taking share sell-offs and scepticism about the market prospect amid fresh political tension. The key index of Dhaka Stock Exchange, DSEX, fell by 1.10 per cent, or 53.49 points, over the week to close at 4,788.23 points on Thursday. Out of the five trading sessions of the Read more

Marcia welcomes Tigers at Brisbane

February 20, 2015

Incessant rain, caused by tropical storm Marcia, welcomed the Bangladesh cricket team in Brisbane on Thursday as they are preparing to face hosts Australia in their second World Cup match. The category-five storm, accompanied by fierce wind, is expected to hit the Queensland coast this morning, making Saturday’s crucial match at the Gabba uncertain. The storm gust of 295km/hour Read more

Aussies at Marcia’s mercy

February 20, 2015

Australia were left scratching the heads after tropical storm Marcia threatened to spoil their crucial World Cup match against Bangladesh, scheduled in Brisbane on Saturday.
This was the match the Aussies were hoping to win easily to clear the way for quarter-finals but Marcia raised a fear that they might have to be contended with just Read more

Russell thump Baridhara

February 20, 2015

Sheikh Russell Krira Chakra kicked off their Federation Cup campaign with style as they crushed out Uttar Baridhara Club with a huge 5-0 defeat at the Bangabandhu National Stadium on Thursday to confirm their berth in the quarterfinals. With Thursday’s result, Muktijoddha SKC also moved to the last eight along with Russell from the Group B and Baridhara became the second side Read more

Political unrest pushes up defaulted farm loans

February 20, 2015

The defaulted loans in the agriculture sector increased by 14.42 per cent in the first seven months of this financial year despite a downward trend in farm loan disbursement in the period as farmers failed to repay their loans for not getting fair prices of their products due to a supply chain disruption amid political unrest. According to the Bangladesh Bank data released last week, the Read more

Muhith agrees to raise VAT-free turnover limit to Tk 36 lakh

February 20, 2015

Finance minister Abul Maal Abdul Muhith has agreed to raise the value-added tax-free annual turnover threshold for traders to Tk 36 lakh from Tk 24 lakh, following recommendations from the VAT Act-2012 review committee, officials of the National Board of Revenue said.
In a recent instruction to the revenue board, finance minister Read more

Real estate sector suffers Tk 1,656cr in losses due to unrest, claims REHAB

February 20, 2015

Country’s real estate sector suffered losses of Tk 1,656 crore in the last 46 days due to a nonstop blockade and frequent hartals enforced by the BNP-led alliance since January 6, claimed sector leaders. The sector leaders at a press conference on Thursday demanded loan rescheduling facility for two years and waiver of interest on bank loans during the political unrest. The Real Estate Read more

GSMA wants public consultation on spectrum auction guidelines

February 20, 2015

The Groupe Speciale Mobile Association (GSMA), a global association of mobile phone operators, has requested the Bangladesh government to carry out a public consultation of draft guidelines on the upcoming spectrum auction, said a Grameenphone press release on Thursday.
‘Such a process [public consultation] would allow all Read more

Tigers crush Afghanistan by 105 runs

February 18, 2015

Mashrafee bin Murtaza led Bangladesh from the front to 105-run victory over Afghanistan as Bangladesh got off to a winning start in the World Cup 2015 in Canberra on Wednesday.
Mashrafee finished with 3-20 helping Tigers dismiss the Afghans for 162 runs in 42.5 overs after half-centuries from Mushfiqur Rahim and Sakib al Hasan guided Bangladesh Read more

Winning start for Jamal, MSC

February 17, 2015

Reigning champions Sheikh Jamal Dhanmondi Club and last season’s Independence Cup champions Mohammedan Sporting Club started their Federation Cup campaign with a winning note at the Bangabandhu National Stadium on Monday. Jamal thrashed Feni Soccer Club 4-1 in the second match of the day before Mohammedan managed a narrow 2-1 victory over Rahamatgonj MFS. Read more

Bangladesh 8 places up in FIFA rankings

February 17, 2015

Bangladesh jumped eight places up to be placed 157th in the latest FIFA rankings, thanks to their 1-0 Bangabandhu Cup win over Sri Lanka last week. Apart from this match, the Bangabandhu Cup had no impact in FIFA rankings though the Bangladesh Football Federation had earlier branded it as a grade one tournament. The ranking of Malaysia, whose Under-23 team became unbeaten Read more

Mashrafe pledges Afghan win

February 17, 2015

Bangladesh cricket captain Mashrafe Bin Mortaza on Tuesday vowed to win their World Cup opener against Afghanistan. “We will play to win,” said the Tigers skipper at a press conference in Canberra.
Asked about opener Tamim Iqbal, the fast bowler said, “Tamim is doing well. He is confident. We hope he will be able to play his best, In Shaa Allah Read more

NZ made to pay for win over Scotland

February 17, 2015

ICC Cricket World Cup 2015
NZ made to pay for win over Scotland
Scotland bowlers gave New Zealand a run for their money in the chase down of 142 runs in the 6th match of the World Cup 2015 under Pool A at University Oval in Dunedin.
The Kiwis who thought of finishing off the match quickly was made to lose 7 wickets in the lowest run chase yet of this World Cup to secure two more points in the group Read more

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