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IPO Diary

2015-07-03 00:00:00

Mutual Funds

2015-07-03 00:00:00

Cut in income inequality is main challenge now

FE Report | 2015-07-03 00:00:00

Economists said now Bangladesh's main challenge is reducing income inequality, which has been rising fast in the country, especially between the rural and the urban areas. The income inequality also persists between the northern regions and the eastern or southern...

NBR asks chambers, businesses not to employ illegal foreigners

Doulot Akter Mala | 2015-07-03 00:00:00

The National Board of Revenue (NBR) has asked the country's leading chambers and businesses for not appointing or employing illegal foreigners to avoid heavy penalty to be imposed by the taxmen. Penalty for appointing illegal foreign workers has been incorporated...

AQIS leader, 11 militants held in city

2015-07-03 00:00:00

Members of Rapid Action Battalion (RAB) in simultaneous drives arrested 12 militants Thursday in the city, report agencies. The Bangladesh chief of the Al Qaeda in Indian Subcontinent (AQIS) and his top advisor are among 12 Islamist radicals nabbed. They...

BD advances on OECD\\\'s scale

2015-07-03 00:00:00

The Organisation for Economic Co-operation and Development (OECD) has upgraded the country risk classification of Bangladesh by one notch, according to a Bangladesh Bank (BB) statement, reports BSS. The good news followed the disclosure by the World Bank Tuesday that...

Middle-income status in three years: PM

2015-07-03 00:00:00

Prime Minister Sheikh Hasina affirmed on Thursday that Bangladesh would become a middle-income country within the next three years before the targeted 2021, reports UNB. The country has already stepped into that stair through becoming a lower middle-income country, she...

Prayer Timings

2015-07-03 00:00:00

Photo: A group of women selling new currency notes in front of Bangladesh Bank

2015-07-03 00:00:00

Meeting discusses joint enclave survey

2015-07-03 00:00:00

LALMONIRHAT, July 2: A meeting for finalising a joint survey of the 162 Bangladesh-India border enclaves was held between the authorities concerned of both the countries at the Burimari land port on Thursday. Deputy commissioner of Kurigram ABM Azad led...

BD attains capacity to stand on own feet, says Muhith

FE Report | 2015-07-03 00:00:00

Finance Minister AMA Muhith said Thursday the World Bank's recognition of Bangladesh as LMIC (lower middle-income country) is an indication of the country attaining the capacity of 'standing on its own feet'. "We have been in the LDC (least developed...

Brac\\\'s Abed bags World Food Prize

2015-07-03 00:00:00

Sir Fazle Hasan Abed, Brac's founder and chairperson, has been named the winner of the 41st annual World Food Prize. Sir Abed has been recognised for his outstanding contribution to enhancing the world's production and distribution of food to those...

Remittances stand at record $15.31b

Siddique Islam | 2015-07-03 00:00:00

The flow of inward remittances has crossed US$15 billion-mark in the just-concluded fiscal year due to various measures taken by the central bank to increase its flow, officials said. Remittances sent by Bangladeshis working abroad stood at $15.31 billion, a...

Country \\\'fails to prove itself attractive FDI destination\\\'

FE Report | 2015-07-03 00:00:00

Despite offering lucrative incentives, Bangladesh has failed to prove itself as an attractive investment destination. The volume of FDI (Foreign Direct Investment) has also remained low compared to those of the neighbouring countries. Financial analysts and businesspeople at a seminar...

Import orders fall 9.56pc in May

FE Report | 2015-07-03 00:00:00

Falling trend of the country's overall imports continued in May due to lower prices of essential commodities including fuel oil in the global market, officials said on Thursday. Opening of letters of credit (LCs) against imports, generally known as import...

Work stoppage at ghats for not hiking wages

Our Correspondent | 2015-07-03 00:00:00

CHITTAGONG, July 2: Discharging of cargoes from lighter vessels remains suspended in all 16 ghats in the Karnaphuli River as the ghat and warehouse workers called work stoppage from this morning for not hiking their wages. As a result, scores...

Photo: RAB presented before media on Thursday 12 members of Al Qaeda in Indian Sub-continent (AQIS)

2015-07-03 00:00:00

Wages for workers by July 10, festival allowance by July 14

FE Report | 2015-07-03 00:00:00

Workers of ready-made garment (RMG) factories and other industrial units will get their wages for the month of June by July 10 and the festival allowance by July 14. State minister for labour and employment Md Mujibul Haque made the...

Reveal list of bank money plunderers

2015-07-03 00:00:00

BNP urged on Thursday Finance Minister AMA Muhith to reveal in three days a list of people involved in plundering money from state-owned banks, reports UNB "The Finance Minister told parliament that he has not been able to take action...

\\\'Khaleda to stand trial for terrorism\\\'

2015-07-03 00:00:00

A senior Awami League (AL) leader said on Thursday the common people of Bangladesh would bring BNP chief Begum Khaleda Zia to justice on charges of killing innocent people and carrying out terrorist and militant acts in the country, reports...

SC order on plea against Fakhrul\\\'s bail Sunday

2015-07-03 00:00:00

The Supreme Court (SC) on Thursday fixed July 5 for passing order on the government's petition against a High Court (HC) order granting bail to BNP acting Secretary General Mirza Fakhrul Islam Alamgir in three violence cases, reports UNB. A...

None identified for harassing journos during city polls

2015-07-03 00:00:00

An Election Commis-sion (EC) inquiry has failed to identify those who harassed journalists during the April 28 city polls and tried stopping them from entering polling stations, reports bdnews24.com. The EC's probe body filed its findings on Tuesday last after...

\\\'All FFs to get equal monthly allowance\\\'

2015-07-03 00:00:00

GAZIPUR, July 2 (UNB): Liberation War Affairs Minister AKM Mozammel Huq said on Thursday country's all the freedom fighters will get equal monthly allowance irrespective of their ages. He came up with the announcement while talking to reporters after inaugurating...

MP\\\'s son Rony sent to jail after remand

2015-07-03 00:00:00

A Dhaka court rejected on Thursday the bail petition of Bakhtiar Alam Rony, son of Awami League MP Pinu Khan, and sent him to jail in a case filed for shooting two people dead with his firearms in the city's...

SC upholds bail for Goyeshwar

2015-07-03 00:00:00

The Appellate Division (AD) of the Supreme Court (SC) upheld on Thursday a High Court (HC) order granting bail to BNP Standing Committee member Goyeshwar Chandra Roy, reports BSS. A four-member AD panel led by Chief Justice Surendra Kumar Sinha...

16 female Jamaat activists held

2015-07-03 00:00:00

SATKHIRA, July 2 (UNB): Police arrested on Thursday 16 female leaders and activists of Jamaat-e-Islami from Puratan Satkhira area of the district town while they were allegedly planning to carry out subversive activities. Tipped off, a team of Sadar thana...

President hosts Iftar for PM, Speaker

2015-07-03 00:00:00

Prime Minister (PM) Sheikh Hasina joined on Thursday an Iftar party hosted by President Abdul Hamid at Bangabhaban, reports UNB. The President hosted the Iftar party in honour of the Prime Minister, the Speaker, the Chief Justice, Cabinet members, MPs,...

Photo: Gonotantrik Bam Morcha

2015-07-03 00:00:00

Focus on highest priority to education for development

FE Report | 2015-07-03 00:00:00

Strongly criticizing the government's less budgetary allocation for education, policymakers and experts on Thursday emphasised giving the highest priority to education for attaining the desired level of economic development. However, they identified low quality of education and teachers, poor financial...

Strategy on quality of health service delivery launched

2015-07-03 00:00:00

A national strategy has been launched Thursday on the quality of care for health service delivery in Bangladesh, according to a media release, reports BSS. Health Secretary Syed Monjurul Islam launched the strategy, which was developed by the Health Economics...