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B’desh to play India today

2015-08-13 00:00:00

SYLHET, Aug 12 (UNB): Hosts Bangladesh will play holders India in the 3rd SAFF U-16 Championship today (Thursday) at the Sylhet Stadium to decide the Group A champions. Both the teams have already confirmed the semifinal berth from Group A...

Afghanistan book semifinals berth beating Maldives

2015-08-13 00:00:00

SYLHET, Aug 12 (UNB): Afghanistan reached the semifinals of the six-team South Asian Football Federation (SAFF) Under-16 Championship eliminating the Maldives by 4-2 goals in their first Group B match at Sylhet Stadium here Wednesday. Abu Naser Amini struck twice,...

Focus on expansion of Parija rice cultivation

2015-08-13 00:00:00

PANCHAGARH, Aug 12 (BSS): The harvest of Parija rice will end by August 15 in the districts. Local farmers completed transplantation of 15 to 18 day-old parija rice seedlings by May 31. It will produce 3.5 to 4.14 tonnes of...

SJIBL risk management committee meet held

2015-08-13 00:00:00

The eight meeting of the Risk Management Committee (RMC) of the board of directors of Shahjalal Islami Bank Limited was held recently at head office of the bank. The meeting was presided over by Alhaj Anwer Hossain Khan, Chairman of...

Tea prices fall, but demand for quality leaf caps slide

2015-08-13 00:00:00

Tea prices at the weekly auction fell for a fourth straight session Tuesday as volumes hit the highest in the season so far, but demand for quality leaf capped the slide, reports Reuters. Bangladeshi tea fetched an average 192.10 taka...

Photo: Standard Bank Limited

2015-08-13 00:00:00

Many pharma cos see positive growth

Mohammad Mufazzal | 2015-08-13 00:00:00

Majority number of listed pharmaceutical companies witnessed positive growth in first half of this calendar year compared to same period of the previous year as their sales increased. Out of 27 companies listed under the category of Pharmaceuticals and Chemicals,...

ICB approves dividend for closed-end mutual funds

FE Report | 2015-08-13 00:00:00

The Trustee Committee of the closed-end mutual funds, managed by ICB Asset Management Company Limited, approved dividend for the fiscal year 2014-15 at a meeting held on Wednesday, says a press release. The Trustee Committee approved 32 per cent dividend...

Stocks break four-day losing spell on DSE

FE Report | 2015-08-13 00:00:00

Stocks edged higher Wednesday amid increased turnover, despite technical glitch delayed trade on the country's major bourse. Trading, that usually takes place between 10:30am and 2:30pm, resumed at 12:10pm and continued till 4:10pm. However, trading took place for four hours...

Sanaul Huq elected president of IPAB

2015-08-13 00:00:00

Mr. Sanaul Huq, CEO of Mobil Jamuna Lubricants Bangladesh Limited has been elected as the new president of Intellectual Property Association of Bangladesh (IPAB) for 2015- 2016. The other office-bearers are Mr. Md. Samsul Alam Mallick, Sr. Vice President -IPAB;...

News Briefs

2015-08-13 00:00:00

CAPM Venture Capital new FI CAPM Venture Capital and Finance Limited (CVCFL) has received license as a non-bank financial institution (FI). The Bangladesh Bank has issued a circular recently regarding the issuance of license to CVCFL. The central bank awarded...

Photo: Rupali Life Insurance Company Limited

2015-08-13 00:00:00

Photo: Premier Leasing and Finance Limited

2015-08-13 00:00:00

Photo:Trust Bank Limited

2015-08-13 00:00:00

Empty containers\\\' bulge cripples cargo handling at Ctg port

Pankaj Dastider | 2015-08-13 00:00:00

CHITTAGONG, Aug 11: Despite multiple steps to ease congestion of empty containers in the port, the problem has turned acute as days pass by. Empty containers' bulge exceeding the capacity has been affecting day-to-day cargo- handling activities at the Chittagong...

Planned reporting body to be toothless, says ICAB head

Mohammad Ali | 2015-08-13 00:00:00

The Institute of Chartered Accountants of Bangladesh (ICAB) has expressed its doubt over the effective functioning of the proposed Financial Reporting Council (FRC). The FRC will be a body, under the proposed Financial Reporting Act (FRA), for overseeing the financial...

FRC formation embroiled in \\\'unnecessary\\\' debate

Mohammad Ali | 2015-08-13 00:00:00

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) said that the debate over inclusion of cost and management accountants (CMAs) in the proposed Financial Reporting Council (FRC) has been created to destroy its main objective. "The debate was...

News Briefs

2015-08-13 00:00:00

16 cattle markets in city this year The two city corporations are going to arrange temporary cattle markets at 16 places in the city by excluding seven old markets from their lists to avoid severe traffic congestion and public sufferings....

Photo: Modhumoti Bank Limited

2015-08-13 00:00:00

Plan to strengthen capacity of Bapex in gas exploration

FE Report | 2015-08-13 00:00:00

The government has planned to strengthen oil and gas exploration capacity of state-run Bangladesh Petroleum Exploration and Production Company Ltd (Bapex) by appointing international consultants, said officials. "We are working to engage reputed consultants to work with Bapex in three...

BSCCL backs bandwidth export to India

2015-08-13 00:00:00

The Bangladesh Sub-marine Cable Company Limited (BSCCL) backed the government's decision to export unused 10 GBPS (gigabyte per second) bandwidth to India, saying it will be profitable for Bangladesh, reports bdnews24.com.  The Managing Director of BSCCL Md Monwar Hossain argued...

CEO of Magnito Digital awarded

2015-08-13 00:00:00

Riyad Shahir Ahmed Husain, CEO of Magnito Digital Limited, one of the country's leading digital advertising agencies, has recently been awarded the citation, one of 'Asia's Most Influential Digital Media Professionals' at the 24th Edition of the World Brand Congress,...

Move to connect energy hub with railway network

FHM Humayan Kabir | 2015-08-13 00:00:00

The government has taken a move to connect Matarbari, Bangladesh's proposed largest energy hub, with the country's railway network as it will start a feasibility study on this soon, officials said Wednesday. It will also see viability to upgrade the...

BD-Saudi JEC meet likely in Nov to boost trade

2015-08-13 00:00:00

The 11th session of the Bangladesh-Saudi Arabia Joint Economic Commission (JEC) meeting is likely to take place in the city on November 18-19 this year, aiming to boost the existing bilateral relations between the two countries, including strengthening economic cooperation....

Photo: Union Bank Ltd

2015-08-13 00:00:00

Photo:Janata Bank Limited

2015-08-13 00:00:00

Photo: Premier Bank

2015-08-13 00:00:00

Photo: Prime Islami Life Insurance

2015-08-13 00:00:00

Pay more to share compliance cost for healthier RMG industry

FE Report | 2015-08-13 00:00:00

Speakers at an all-stakeholder meet observed Wednesday Bangladesh readymade garment sector still struggling to meet compliance with its existing profit margins, lowest in the world, and urged the western buyers to pay more to see a healthier industry. They pointed...

LTU unsure about reaching corporate tax target in FY ‘16

Doulot Akter Mala | 2015-08-13 00:00:00

Into the second month of the current financial year (2015-16) some officials at the Large Tax Unit (LTU) of the National Board of Revenue (NBR) are increasingly becoming sceptical about achieving a 36 per cent growth in corporate tax revenue...