12 banks hold 69pc of total defaulted loans

November 29, 2014

Twelve scheduled banks including eight state-run banks held 69.17 per cent of the total defaulted loans in the banking sector as of September 30, 2014 as they disbursed significant amount of loans unlawfully to their clients, said Bangladesh Bank officials. Five out of the 12 banks also failed to keep required provision against their disbursed loans and advances after the end of the Read more

Egg price goes up in capital

November 29, 2014

The price of egg went up in the city’s retail markets over the week ending Friday due to its increased demand. Traders said the egg price increased a bit as the demand for the item increased compared to the supply over the week. The price of egg increased by Tk 2 a hali (four pieces) and the item was selling at Tk 30 a hali in the city on Friday. The prices of winter vegetables Read more

Nazmul admits to player’s syndicate

November 28, 2014

Bangladesh Cricket Board president Nazmul Hasan on Thursday claimed that until recently, new players were unwelcome in the national team, as a strong syndicate of seniors always opposed their inclusion. Speaking to a press conference at his Bexmico office, Nazmul said once he took over the board he successfully dismantled the syndicate, contributing to their recent success. ‘When I came Read more

Tigers toy with ideas for 4th ODI

November 28, 2014

With the series in the back, Bangladesh are planning for some experiment during today’s fourth one-day international against Zimbabwe at Mirpur. Keeping an eye on the upcoming ICC World Cup, the Tigers may hand leg-spinner Jubair Hossain and left-arm spinner Taijul Islam an ODI debut while pace bowler Abul Hasan also can make a comeback. Selectors have already omitted Read more

BCB says ‘no’ to UAE tourney

November 28, 2014

Bangladesh Cricket Board president Nazmul Hasan said on Thursday that they have turned down an International Cricket Council proposal to play a tournament in Dubai before the upcoming World Cup. The ICC had invited the BCB to play the tournament, featuring its associate members who have qualified for the tournament. The tournament is scheduled to take place from January 10 to 24. Read more

Jamal thrash Mohun Bagan to move into semis

November 28, 2014

Defending Bangladesh Premier League champions Sheikh Jamal Dhanmondi Club thrashed Kolkata giants Mohun Bagan FC 5-3 to seal the semi-final berth in Bhutan’s King’s Cup on Thursday. Jamal became champions in their group thanks to the big win at the Changlimithang Stadium in Thimphu and will now face Manang Marshyangdi Club of Nepal in the first semi-final on Read more

Graduation from LDC status not possible by 2021: CPD

November 28, 2014

The Centre for Policy Dialogue on Thursday said that Bangladesh would need at least another decade for graduating from the least developed countries’ category to a developing country as it lagged behind in human assets index and economic vulnerability index.
‘It will take at least a decade for graduation even if we Read more

Sweater factories have to pay workers minimum wages during off-season

November 28, 2014

Govt finalises guidelines, to issue gazette notification next month
The government has finalised guidelines for the sweater factories with a provision that the owners will have to pay their workers, who work under piece rate system, minimum wages during off-season. The sweater factory workers usually remain unpaid during off-season (three to four months every year) as the business is largely seasonal. The workers, however, receive more than Read more

BB asks banks not to open more than 1 mobile banking account of a client

November 28, 2014

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 one account Read more

Mobile users reach 11.89cr in Oct

November 28, 2014

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 Read more

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