Bangladesh Bank on Thursday asked scheduled banks not to open several mobile financial services accounts in favour of a single client to avoid financial crimes and anomalies. The BB issued a circular to managing directors and chief executive officers of all banks saying that from now on a client would be allowed to open only ... Read more
Month: November 2014
Mobile users reach 11.89cr in Oct
Active mobile phone subscribers in the country reached to 11.89 crore in October as country’s mobile operators added 5 lakh new users in the month. The latest data of Bangladesh Telecommunication Regulatory Commission showed that four mobile operators — Grameenphone, Banglalink, Robi and Teletalk — added new subscribers in the month while Airtel and Citycell witnessed
DSE turnover falls to four-month low as investors remain cautious
Dhaka stocks returned to a positive zone on Thursday, the last trading session of the week, but the turnover of the bourse declined to a four-month low because of investors’ cautious trading. The key index of Dhaka Stock Exchange, DSEX, rose by 0.33 per cent, or 15.94 points, to close at 4,772.55 points. Turnover of the burse ... Read more
Unilever CEO visits Bangladesh
Paul Polman, chief executive officer of Unilever Plc, visited Bangladesh on Wednesday and Thursday as part of his regular visit to key Unilever markets across the world, said a news release. He was accompanied by Sanjiv Mehta, executive vice-president-South Asia Cluster of Unilever. Kamran Bakr, chairman and managing director of
Terrific Tigers wrap-up series
Bangladesh put up a clinical performance with both bat and ball to thrash Zimbabwe by 124 runs in the third one-day international and wrap-up the five-match series in Dhaka on Wednesday. The proceedings followed the script of second match in Chittagong as the openers put another century stand and Mashrafee bin Murtaza rattled Zimbabwe with his ... Read more
Tigers show rare consistency
Bangladesh’s batting showed rare consistency during the first three games of the ongoing five-match one-day international series against Zimbabwe which helped them to wrap up the series without any serious hiccup. Bangladesh defeated Zimbabwe in all three matches to clinch the series but more than that, it showed that the performance graph of the batting unit ... Read more
VAT on medicine goes up in Jan
The consumers of medicines will have to pay an increased value added tax of around 2.4 per cent on an average from the existing 2 per cent. The National Board of Revenue on Wednesday issued an order saying that medicine manufacturers would have to deposit VAT on actual commission which they give to the retailers from ... Read more
Investment in savings tools surpasses Tk 9,056cr annual target in 4 months
Rush for NSCs makes govt worried The net investment in national saving certificates and bonds surpassed its annual target in just four months (July-October) of this financial year 2014-15 as clients continued to invest heavily in the NSCs due to low bank deposit rates and sluggish business climate. According to the Directorate of National Savings ... Read more
BMBA defends CIB reporting proposal
Downtrend At Stock Market BMBA defends CIB reporting proposal Bangladesh Merchant Bankers Association president Tanjil Chowdhury on Wednesday said that the proposals made by the association recently were for better management of the merchant banks and not to hurt investors’ sentiment and the market. Tanjil said the proposal of bringing investors with above Tk 1 crore ... Read more
Farooki’s project wins award at Goa film fest
Mostofa Sarwar Farooki’s upcoming film, No Land’s Man, won the most promising project award at the Indian National Film Development Corporation’s annual Film Bazaar industry event in Goa. NFDC Development award, earlier known as the Incredible India Award, is considered as the flagship of the South Asian film industry event. The cash award of Rs 10 Lakh ... Read more
Ferdous emerges as producer
Popular actor Ferdous starred two films would be released on Friday across the country, one of which is produced by the actor himself. He is playing the lead role in the self produced film Ek Cup Cha, directed by Naim Imtiaz Neamul. He is also playing a major character in the triangular love story Char ... Read more
Tigers close to wrap up series
Bangladesh national cricket team will be looking to wrap-up the five-match one-day international series when they face Zimbabwe in the third match at the Sher-e-Bangla National Stadium today. Bangladesh are leading the series 2-0 thanks to their two convincing wins in the first two matches, which also made them firm favourites in today’s day-night affair starting ... Read more
It’s make or break for Zimbabwe
Zimbabwe are preparing for a do-or-die contest as they take on Bangladesh in the third one-day international of five-match series at the Sher-e-Bangla National Stadium today. Zimbabwe must win the game if they are to stay alive in the series after going down 0-2 in Chittagong with defeats in the first two matches. ‘It is pretty ... Read more
Mash for experiment again
Bangladesh will continue to experiment with their batting order if the opening partnership can give them a start similar to the one in the second one-day international against Zimbabwe, said skipper Mashrafee bin Murtaza on Tuesday. The Tigers reshuffled their batting order in the second ODI after openers put a 158-run stand and bat out 33 ... Read more
Pune ensure Abahani exit
King’s Cup Pune ensure Abahani exit Abahani completed their miserable performance in Bhutan’s King’s Cup when they suffered a 0-2 defeat to I-League side Pune FC in their last-group match to be eliminated from the group phase on Tuesday. Abahani’s second defeat in four matches meant Manang Marshyangdi Club of Nepal emerged as group runners-up to ... Read more
BTRC to amend guideline for LTE service by WiMAX operators
The country’s telecom regulator has decided to amend the broadband wireless access (BWA) service guideline to incorporate LTE service-related clauses for facilitating the WiMAX operators to launch the service, officials said. Bangladesh Telecommunication Regulatory Commission officials said that the commission last week decided to form two committees to finalise
Flood hits farm loan release in July-Oct
Farm loan disbursement decreased by 5.81 per cent in the first four months of the current financial year 2014-15 compared with that in the same period of the FY14 while 13 scheduled banks disbursed agriculture loan below 10 per cent of their target. According to the Bangladesh Bank data released on Tuesday, farm loan disbursement by ... Read more
Apparel summit to replace BATEXPO in Dec 7-9
The readymade garment exporters are going to hold a three-day apparel summit in Dhaka in December 7–9 to find ways to increase export earnings to $50 billion by 2021, coinciding the 50th anniversary of the country’s independence. ‘The first-ever apparel summit, which will replace the traditional trade exposition BATEXPO, will be helpful to dig out the ... Read more
BSEC unlikely to consider merchant bankers’ proposal
CIB Reports For Stock Loan BSEC unlikely to consider merchant bankers’ proposal The Bangladesh Securities and Exchange Commission is unlikely to consider a Bangladesh Merchant Bankers Association proposal to include Credit Information Bureau reporting for margin account holders. The BMBA has made the proposal to include margin account holders with above Tk 1 crore under CIB ... Read more
BTRC chief criticises CAG for saying telecom regulator top wrongdoer
Aduit Objection BTRC chief criticises CAG for saying telecom regulator top wrongdoer The telecom regulator on Tuesday criticised the Comptroller and Auditor General for saying that the BTRC had the highest financial irregularities among the government agencies. ‘The CAG might have his own reasons, but the way he interpreted that the BTRC had highest financial ... Read more