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Exports to US, Europe record substantial rise

Ziaur Rahman | 2015-07-12 00:00:00

The country's merchandise shipments to key North American and European destinations increased substantially in the just concluded fiscal year (FY), 2014-15, compared to those in the previous fiscal, 2013-14. Except Germany and Canada, which marginally failed to attain the progress,...

Foreign banks lose out to pvt peers as use of plastic money booms

2015-07-12 00:00:00

Credit and debit cards, also known as plastic money, are becoming more popular as they convenient and safe for various types of transactions. Data released by the Bangladesh Bank (BB) in June showed that the use of both credit and...

News Briefs

2015-07-12 00:00:00

Move to introduce 'safer' battery-run vehicles The government has decided to form a joint working group to examine the viability of introducing new battery-run safe vehicle in the country, officials said. Another decision was taken to review the technical aspects...

Photo: Modhumoti Bank Limited

2015-07-12 00:00:00

Beefed-up vigil helps slash seizure of smuggled items

Badrul Ahsan | 2015-07-12 00:00:00

Seizure of almost all the smuggled items, including gold, decreased in the last financial year as smugglers had brought in less volume of the precious items in the face of strong vigilance by the law enforcers, officials said. According to...

92nd Social Business Design Lab held in city

2015-07-12 00:00:00

The 92nd Social Business Design Lab took place on Saturday at the Grameen Bank Auditorium,  reports UNB. About 150 participants and observers, from national and international organisations with diverse background attended the program chaired by Nobel Laureate Professor Muhammad Yunus....

WB, IMF to help developing countries strengthen tax systems

2015-07-12 00:00:00

The World Bank and the International Monetary Fund (IMF) will soon launch a new initiative to help developing countries strengthen their tax systems, an IMF statement, received in the city Saturday  said, reports BSS. Referring to an analysis, the statement...

Brotherly ties essential to reap benefits of lower middle-income country: Kamal

2015-07-12 00:00:00

COMILLA, July 11 (BSS): Planning Minister A H M Mustafa Kamal Saturday said mutual brotherly ties are essential to reap the results of lower middle-income country. "Bangladesh is now a lower middle-income country, but the people of the country would...

BSBA bid to remove BD\\\'s negative image over ship breaking industry

Our Correspondent | 2015-07-12 00:00:00

CHITTAGONG, July 11: Bangladesh Ship Breakers Association (BSBA) has inked a contract with a team of expert physicians to run a hospital for workers of the ship breaking and ship recycling industry in Chittagong. The contract was signed at the...

Global initiative aims to safeguard online consumers

2015-07-12 00:00:00

People buying things online in both developed and developing countries will have better protection in the coming days, with an global initiative taking place to upgrade the international competition and consumer protection policies, reports BSS. More than 350 competition specialists...

Moheshkhali LNG terminal likely by 2016

2015-07-12 00:00:00

The Floating Storage and Re-gasification Unit (FSRU)- based Liquefied Natural Gas (LNG) terminal at Moheshkhali is likely to come into operation in 2016, reports BSS. "The LNG terminal having capacity of 1,38,000 cubic metre is expected to supply 500 million...

Eid shopping fever grips port city

2015-07-12 00:00:00

CHITTAGONG, July 11  (BSS) : While the holy Eid-ul-Fitr, the biggest religious festival of the Muslims, is approaching, the port city is under the grip of 'Eid shopping fever' as both modern and traditional shopping malls are bustling with shoppers...

Top officials of Chic Textiles yet to be nabbed despite arrest warrant

Mohammad Ali | 2015-07-12 00:00:00

None of the two alleged scamsters of 1996 share market is yet to be nabbed despite the arrest warrant issued by the capital market Special Tribunal against them two weeks back, officials said. "They are top officials of Chic Textiles",...

Corporate Governance Award ceremony will be an annual event

FE Desk | 2015-07-12 00:00:00

The 5th Annual General Meeting of Institute of Chartered Secretaries of Bangladesh (ICSB) was held recently at its office at Bangla Motor in the city. The meeting was chaired by ICSB president Mohammad Asad Ullah FCS. The ICSB president in...

MTB holds workshop on MLP and CFT

2015-07-12 00:00:00

Mutual Trust Bank Ltd. (MTB) recently organised a daylong workshop on Money Laundering Prevention (MLP) and Combating the Financing of Terrorism (CFT) at MTB Training Institute, MTB Square, Tejgaon in the city. MTB Additional Managing Director, Md. Hashem Chowdhury inaugurated...

NAV of MTB Unit Fund declared

2015-07-12 00:00:00

The total NAV of MTB Unit Fund stood at Tk 349,946,635.33 on the basis of cost price and Tk 307,514,187.79 on the basis of market price at the close of business operation on 09 July 2015, said a statement. The...

CAPM Unit Fund NAV disclosed

2015-07-12 00:00:00

CAPM Company Limited has declared the Net Asset Value (NAV) of CAPM Unit Fund. The total NAV of CAPM Unit Fund stood at Tk 71,401,803.96 on the basis of cost price and Tk 71,593,234.84 on the basis of market price...

Photo: BRAC Bank

2015-07-12 00:00:00

Photo:NCC Bank Ltd.

2015-07-12 00:00:00

Photo: Islami Bank Bangladesh Limited

2015-07-12 00:00:00

BRAC Bank celebrates 14th anniversary

FE Desk | 2015-07-12 00:00:00

BRAC Bank Limited has completed 14 years of inclusive banking with the promise of unshakable trust. "In 2001, Sir Fazle Hasan Abed, our founder Chairman and Chairperson of BRAC embarked upon a journey of financial inclusivity to serve the Small...

Photo: Bangladesh House Building Finance Corporation (BHBFC)

2015-07-12 00:00:00

DSE performance in the first half of 2015

2015-07-12 00:00:00

Chinese, US firms submit bids to tie up with Bapex

M Azizur Rahman | 2015-07-12 00:00:00

Four international companies coming from the world's two economic powerhouses are trying for a tie-up with state-run Bapex to explore hydrocarbons in four onshore gas fields in Bangladesh's southeastern hills, said officials. Three of the oil-and-gas-exploration firms vying for establishing...

17 BR dev projects get time extended

Badrul Ahsan | 2015-07-12 00:00:00

Many development projects, taken up for Bangladesh Railway (BR), have seen slow progress in implementation due to bureaucratic tangles and indecision of the authority concerned. The authority has extended the time for implementation of at least 17 projects, out of...

Banks can play vital role in advancing e-GP

FE Report | 2015-07-12 00:00:00

To enhance efficiency, transparency, accountability and competition in public procurement the government is pledge-bound to implement electronic government procurement (e-GP) in all its procuring agencies and entities. In line with government's vision for Digital Bangladesh, the Central Procurement Technical Unit...

Prayer Timings

2015-07-12 00:00:00

BSF shoots dead Bangladeshi

2015-07-12 00:00:00

SATKHIRA, July 11: A Bangladeshi young man was shot to death by the Indian Border Security Force (BSF) members on the Kushkhali border in Sadar upazila early on Saturday. The deceased was identified as Mukul Hossain, 35, son of Mahatab...

Eight sent to jail over deaths in Mymensingh stampede

2015-07-12 00:00:00

A court in Mymensingh sent to jail eight people, including Zakat donor Nurani Talukder, on Saturday in a case filed in connection with the death of 27 poor people in a stampede while collecting Zakat clothes in the district town...

BBS to conduct first-ever census on tech education

Kamrun Nahar | 2015-07-12 00:00:00

Government policymakers will use a database to be made out of findings of a maiden census to upgrade technical education suiting job requirements at home and abroad.       Officials said Bangladesh Bureau of Statistics (BBS) will conduct the first-ever census on...