Foreign loan release up by 17pc in 10 months

May 29, 2014

The disbursement of foreign loans and grants increased by 17.04 per cent in 10 months of the current fiscal year of 2013-14, showed the latest data of Economic Relations Division. The total disbursement in July-April period was $2,369.58 million against $2,024.44 million in the same period of the previous fiscal year. The commitments of foreign loans Read more

BB warns BASIC Bank of action

May 29, 2014

Recruitment Anomalies
BB warns BASIC Bank of action
Bangladesh Bank on Wednesday warned BASIC Bank of taking punitive measures as the bank is not maintaining the rules and regulations in the recruitment and promotion process of its manpower. To this end, the BB issued a letter to managing director (current charge) of BASIC Bank asking him to follow strictly the regulation approved by the bank’s board of Read more

HRW urges govt to release reports

May 29, 2014

Factory Inspection
HRW urges govt to release reports
New-York based human rights watchdog, Human Rights Watch, has urged the government to make public the findings of garment factory safety inspections carried out after the April 2013 Rana Plaza catastrophe that killed and injured several thousand workers. HRW made the urge in a posting in its official website on Tuesday and said that Bangladesh Read more

Tigers return to training today

May 26, 2014

The preliminary national squad for the home series against India will start their preparations today under the newly-appointed assistant coach Sarwar Imran.
The players are expected to undergo ‘beep’ tests in order to give the team management an idea about their fitness level. With the new coach for the Tigers yet to join Read more

Dhaka Div Gold Cup football from Friday

May 26, 2014

The 5th Dhaka Divisional Commissioner Gold Cup Football Tournament will start on Friday with the participation of all 17 district teams under the division. The teams will be divided into four groups and the group matches will be played in 14 venues. The tournament will start with Munshiganj hosting the opening group games. The teams will be given Tk 40,000 each Read more

1pc surcharge on polluting industry likely

May 26, 2014

Budget Fy2014-2015
1pc surcharge on polluting industry likely
The government is going to impose eco tax in the form of surcharge from the coming fiscal year of 2014-15 on industries responsible for polluting environment in a bid to control pollution and encourage establishment of green industries, officials of the National Board of Revenue said. The finance minister, Abul Maal Abdul Muhith, in his budget speech for Read more

Imports rise by 10.64pc in April on Ramadan item inflow

May 26, 2014

Import bill payment posted a10.64-per cent growth in April this year compared with that of 2.30 per cent growth in the same month last year due to a rise in payment of bills for food products imported to meet demand in the upcoming Ramadan.
According to the Bangladesh Bank data released on Sunday, Read more

Insurance companies advised to help combat money laundering

May 26, 2014

Insurance companies have been advised to play active role in combating money laundering and terror financing. The suggestion came at a conference, of the chief executives of the country’s insurance companies, held in the city on Sunday. Addressing the conference, Bangladesh Bank governor Atiur Rahman said Bangladesh already came out of the gray list Read more

Bangladesh to make 8pc tourism growth this year: WTTC

May 26, 2014

The World Travel and TourismCouncil has forecasted that total contribution of travel and tourism sector to Bangladesh GDP will rise by 7.9 per cent in the 2014.
‘The total contribution of travel and tourism to GDP was Tk 46.03 crore (4.4 per cent of GDP) in 2013 and is forecast to rise by 7.9 per cent in 2014 Read more

DSE turnover hits fresh 7-month low

May 26, 2014

Turnover at the Dhaka Stock Exchange hit a fresh seven-month low on Sunday as most of the investors, unnerved by the downward trend in share prices in recent weeks, refrained from trading. Turnover at the DSE declined to Tk 182.81 crore on Sunday from Tk 258.79 crore in the previous trading session. Sunday’s turnover was the lowest since October 21 Read more

Nazrul: unyielding rebel poet

May 25, 2014

Mustafa Zaman Abbasi tells New Age
Nazrul- unyielding rebel poetThere are very few men and women to have lived on this planet and exerted the kind of influence that Nazrul has. He doesn’t really need adjectives, but yet some call him Bidrohi Kabi (the rebel poet) and yet others identify him as a kindred spirit of the oppressed.
The versatile Mustafa Zaman Abbasi, a singer, researcher, spoke thus on the eve of national poet Kazi Nazrul Islam’s Read more

Cultural groups to celebrate Nazrul’s birth anniversary

May 25, 2014

Cultural groups to celebrate Nazrul’s birth anniversaryDifferent cultural organisations will celebrate national poet Kazi Nazrul Islam’s 115th birth anniversary in a festive manner on Sunday through various programmes including musical shows and fairs.
The day’s greatest celebration programme is being held in Trishal, Mymensingh. The three-day national level programme has been jointly organised by Cultural Affairs Ministry and Mymensingh Read more

Whitney Houston’s biopic to be released in 2015

May 25, 2014

Whitney Houston’s biopic to be released in 2015Late singer Whitney Houston’s biopic focussing on her relationship with her husband and singer Bobby Brown will be
premiered in 2015, reports India Today.
Angela Bassett will make her directorial debut with the film titled Whitney Houston, which will follow the late star’s rocky relationship with
Brown, reports eonline.com Read more

BPL verdict unlikely soon

May 25, 2014

The Anti-Corruption Tribunal of the Bangladesh Cricket Board is unlikely to deliver its full verdict on the Bangladesh Premier League’s match-fixing scandal in May, the Tribunal chief told New Age on Saturday. The Tribunal on February 26 acquitted six players and officials of match-fixing related offences but did not announce any punishment for the three Read more

Maruf joins Jamal as technical adviser

May 25, 2014

Former Sheikh Russell KC coach Maruful Haque has joined Sheikh Jamal Dhanmondi Club as the technical adviser for the remainder of the season, confirmed the club officials, adding that he will start working in the capacity from today. ‘Maruf is one of the most experienced coaches in Dhaka football and we want to use his vast experience to clinch some Read more

Paulo Ito’s WC mural goes viral

May 25, 2014

Paulo Ito, a street artist, painted a mural of a hungry kid crying for food, but the only thing he has on his plate is a soccer balloon, in a school in Sao Paulo on May 10 and a photo of the artwork has since been shared more than 50,000 times on Facebook alone, reports The Independent. The city has been at the centre of repeated and sometimes Read more

Jobless workers not getting lawful benefits

May 25, 2014

Rmg Unit Inspection
Jobless workers not getting lawful benefits
More than 12,000 garment workers who lost their job due to production suspension at 20 factories at the suggestion of Alliance and Accord, two retailers’ groups, are yet to get their termination benefits stipulated in the labour act from their respective companies. Labour leaders alleged that the owners of the garment factories were taking advantage of Read more

Last-stage boro harvest hints at bumper production

May 25, 2014

Farmers deprived of better price due to slow govt procurement
The county is going to get a ‘bumper’ production of boro rice with the growers nearing the finishing stage of the harvesting of the major variety of the crop in terms of production volume, said the Department of Agricultural Extension and the growers.
DAE officials said the ongoing dry weather condition Read more

ICT sector demands withdrawal of VAT on internet

May 25, 2014

The country’s information, technology and software business-related associations on Saturday demanded withdrawal of value added tax on internet to reduce the end-user-level cost. They placed the demand at a pre-budget discussion organised the Bangladesh Association of Software and Information Services, Bangladesh Computer Samity and the Internet Read more

Govt reduces poverty cut budget at 1.56pc rate in 5 years: UO

May 25, 2014

Local think-tank Unnayan Onneshan has said that the government is reducing the budgetary allocation for poverty reduction at the rate of 1.56 per cent in last five years.
In the latest economic update in May the research organisation urges for adoption of creative social policy framework to address the increased migration, Read more

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