AD branches of 8 state-run banks must use SWIFT network: BB

January 31, 2015

Checking Financial Crime
AD branches of 8 state-run banks must use SWIFT network: BB
Bangladesh Bank has asked the country’s eight state-run scheduled banks to ensure using SWIFT network while issuing back-to-back letters of credit in a bid to check fraudulent act and financial crime, officials of the central bank have said. The BB issued a letter to managing directors and chief executive officers of all banks on January 22, asking them to ensure the use Read more

Dull business frustrates foreign participants at DITF

January 31, 2015

The foreign participants of the month-long Dhaka International Trade Fair, the country’s largest and most vibrant showcasing event, experienced a ‘very dull’ business due to the ongoing political instability compelling them to rethink about their future plan.
A number of foreign participants at the fair venue Read more

Commodity prices remain high in capital

January 31, 2015

The prices of essential commodities including rice, lentil, meat and vegetables remained high on the city’s kitchen markets over the week as non-stop blockade called by the BNP-led alliance is taking toll on the transportation. The prices of rice remained high over the week as the market experienced a supply shortage due to the indefinite blockade enforced, traders said. Read more

Performance-based management fees for AMCs in the offing

January 31, 2015

The Bangladesh Securities and Exchange Commission is planning to set performance-based management fees for asset management companies of mutual funds in line with its effort to pressurise the entities to improve performance, a BSEC senior official has told New Age recently.
In the existing mutual fund rules AMCs get regular Read more

Tigers take time off for go-karting

January 31, 2015

Bangladesh cricket team took some time off from their usual routine on Friday to enjoy a leisurely period with a trip to a local go-karting track in Brisbane.
Go Karting Brisbane, one of the best indoor go kart hire racing centers in Australia, is a European-style indoor kart track, featuring around 400m of adrenalin Read more

Joyraz hits ton in drawn youth Test

January 31, 2015

Joyraz Sheikh’s unbeaten century helped Bangladesh Under-19 team secure a draw in the first youth Test against hosts Sri Lanka Under-19 team in Dambulla on Friday.
Joyraz hammered undefeated 100 runs off 167 balls with 11 fours as Bangladesh youth side reached 289-8 in 83 overs before two capatain agreed for a draw. Read more

Rain intervenes in second youth Test

January 31, 2015

Bangladesh Under-19 team reached 78-2 in 28 overs at the end of rain-interrupted second day of the first youth Test against hosts Sri Lanka Under-19 team in Dambula on Thursday. The hosts found them all out after managing a total of 216 – adding only 4 runs to their overnight score of 212-9 after rain delayed the start of second day’s play for several hours. Left-arm Read more

Hosts down but not out

January 31, 2015

Bangladesh national football team left Sylhet on Friday dejected but determined to make it to the semi-final of the Bangabandhu Cup by beating Sri Lanka in their final group-A match on February 2. The 0-1 defeat against a youthful Malaysian side on Thursday left the home side in a must-win situation against Sri Lanka who take on Malaysia today at the Sylhet District Stadium. Read more

Thailand edge Singapore in thrilling contest

January 31, 2015

Thailand Under-23 team got off to a winning start in the Bangabandhu Cup football tournament when they beat a spirited Singapore Under-23 team 3-2 at the Sylhet District Stadium on Friday. Thailand, who are the second top ranked team in the tournament, led the first half 2-0 before Singapore leveled the margin within eight minutes into the second half. But Thai skipper Read more

Rain intervenes in second youth Test

January 30, 2015

Bangladesh Under-19 team reached 78-2 in 28 overs at the end of rain-interrupted second day of the first youth Test against hosts Sri Lanka Under-19 team in Dambula on Thursday. The hosts found them all out after managing a total of 216 – adding only 4 runs to their overnight score of 212-9 after rain delayed the start of second day’s play for several hours. Left-arm Read more

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