Chakabva ton sets up Zimbabwe A win

September 29, 2014

Regis Chakabva struck a century to set up a 17-run win for Zimbabwe A team as the visitors drew the first blood in the three-match one-day series against the Bangladesh A team at Fatullah on Sunday. Opting to bat first, Zimbabwe A, who lost the preceding unofficial Test series 2-0, assembled 253-6 before Bangladesh A were dismissed for 236 runs with three balls to play. Test cricketer Read more

ADP implementation rate hits 5yr low in July-Aug

September 29, 2014

Progress in implementation of annual development programme remained as usual slow and fell to five-year low at 5 per cent in the first two months of the current fiscal year, mainly because of low execution rate of big projects, officials and experts said. In July-August, 55 government ministries and divisions could spend only Tk 3,816 crore of Tk 80,315 crore ADP for the entire fiscal Read more

10 banks asked to cut defaulted loan ratio below 10pc

September 29, 2014

Industrial Credit
10 banks asked to cut defaulted loan ratio below 10pc
Bangladesh Bank on Sunday asked 10 scheduled banks to decrease their industrial defaulted loan ratio below 10 per cent as their industrial classified loans are hovering over 15 per cent.
The 10 banks are: Sonali Bank, Agrani Bank, Bangladesh Krishi Bank, Rajshahi Krishi Unnayan Bank, BASIC Bank, Bangladesh Development Bank, Uttara Bank, State Bank Read more

Mad rush for nat’l savings certificate purchase

September 29, 2014

The net investment in the national savings certificates and bonds increased by 228.71 per cent in the first two months of the financial year 2014-15 compared with that in the same period of the FY14 as clients invested heavily in the NSCs due to low bank deposit rates.
According to the Directorate of National Savings data released Read more

BSEC to investigate United Airways actions

September 29, 2014

The Bangladesh Securities and Exchange Commission on Sunday formed a three-member committee to look into the recent operation suspension, board reconstruction, recommencement of operation and trade pattern of the shares of United Airways, BSEC executive director Saifur Rahman told New Age. He said that the committee had been asked to submit report within 21 working days. Read more

Busy schedule ahead for football

September 28, 2014

A busy schedule for the Bangladesh national football team is on the cards as they are to take part in a host of FIFA friendly matches in the coming months, said the officials of the Bangladesh Football Federation. BFF general secretary Abu Nayeem Shohag said on Saturday that the Japan Football Association president Kuniya Daini has agreed to send a team to Dhaka in December to play Read more

B’desh has no chance to become even shareholding member

September 28, 2014

Brics Bank
B’desh has no chance to become even shareholding member
Bangladesh’s hope to become a founder member of the New Development Bank, initiated by BRICS nations, is set to come to a naught as the country has even little chance to get the status of a shareholding member of the proposed bank, officials at the finance ministry apprehended.
The latest findings of the finance officials came after Read more

NBR moves to introduce container tracking system

September 28, 2014

The National Board of Revenue is moving forward with an idea to introduce container tracking system in the country following an instruction given by finance minister Abul Maal Abdul Muhith though the customs officials consider the system less effective for traders.
Officials said that finance minister instructed them to Read more

Decreasing current account balance to hit BoP: UO

September 28, 2014

Local think-tank Unnayan Onneshan on Saturday said that the decrease in surplus of current account would create pressure on the country’s balance of payments.
In the September issue of its monthly economic updates the UO said decline in import and import of capital machinery indicated that there was lack of entrepreneurship Read more

Telcos’ bill settlement with PSTN halted since July

September 28, 2014

Mobile operators urge BTRC to reconsider ‘uneven’ rate cut
The bill settlement between the mobile telephone operators and the public switched telephone network operators has remain stuck since July after the telecom regulator lowered the rate for PSTN operators. The Bangladesh Telecommunication Regulatory Commission in April 2014 issued a directive which lowered the call termination rate from PSTN to mobile operators to Tk 0.06 from Read more

« Previous PageNext Page »