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HC grants stay order

FE Report | 2015-07-01 00:00:00

The High Court on Monday granted a six-month stay order on the insurance regulator's decision of suspending the operating licence of Standard Insurance for three months. The insurance regulator IDRA suspended the operating license of the non-life insurance company for...

BD Finance AGM held

2015-07-01 00:00:00

The 16th Annual General Meeting (AGM) of BD Finance (Bangladesh Finance And Investment Company Ltd) was held Monday at BCIC auditorium in the city. Hossain Khaled, Chairman, BD Finance presided over the meeting which approved five per cent cash dividend...

BSEC forms probe body on Hakkani Pulp

FE Report | 2015-07-01 00:00:00

The securities regulator has formed a two-member body to probe into unusual price hike of the shares of Hakkani Pulp & Paper whose price rose 200 per cent in last 14 consecutive trading sessions, officials said. The Bangladesh Securities and...

News Briefs

2015-07-01 00:00:00

Training on 'Capital Market Research' begins July 31 Accounting for Capital Market Development in Bangladesh (ACMD) will conduct a training programme on 'Capital Market Research'. The program will start on July 31. All the training sessions will be held on...

Photo: Mutual Trust Bank Limited (MTB)

2015-07-01 00:00:00

Western Marine opens a new horizon in Ecuador

Our Correspondent | 2015-07-01 00:00:00

CHITTAGONG, Jun 30: MV Stella Atlantic, a 3,818 DWT Heavy Lift Cargo Ship built by the country's leading shipbuilder Western Marine Shipyard, has been delivered to TRANSNAVE, an Ecuador based state shipping company in South America.   The vessel will transport...

Photo: The 28th Annual General Meeting (AGM) of Karnaphuli Insurance Co Ltd

2015-07-01 00:00:00

Photo: The 27th Annual General Meeting (AGM) of Federal Insurance Co Ltd

2015-07-01 00:00:00

Today\\\'s Market Review

2015-07-01 00:00:00

Parliament approves Appropriation Bill

Jasim Uddin Haroon | 2015-07-01 00:00:00

The parliament Tuesday passed the Appropriation Bill, 2015, authorising the government to spend Tk. 4.15 trillion for meeting revenue, development and charged expenditures in the next financial year, starting today (Wednesday). Finance Minister AMA Muhith moved the bill in the...

Redoing revenue arithmetic

Shamsul Huq Zahid | 2015-07-01 00:00:00

The National Board of Revenue (NBR) will surely assess the impact of the changes made to the original fiscal proposals made in the Finance Bill-2015 before its adoption by the Jatiya Sangsad (national parliament) Monday last. Every year the revenue...

More loan restructuring pleas to BB by deadline

Siddique Islam | 2015-07-01 00:00:00

Two commercial banks submitted proposals of three more business groups to the central bank Tuesday for restructuring their large loans for repayment over a longer time. The deadline for receiving applications for loan restructuring by the Bangladesh Bank (BB) expired...

Taxmen fear large-scale abuse

Doulot Akter Mala | 2015-07-01 00:00:00

The reintroduction of exemption and lower rate of tax on income from fisheries in the new fiscal (2015-16) is likely to benefit the heavyweights, allowing them to sidestep the payment of a substantial amount of tax, revenue officials have said....

Prayer Timings

2015-07-01 00:00:00

Two killed in BGB Dinajpur shootout

2015-07-01 00:00:00

Two people were killed in a shootout between Border Guard Bangladesh (BGB) and alleged smugglers along Dinajpur's Birampur border on Tuesday. The deceased were identified as Shaheen, 26, restaurateur, and his employee Sultan, 23, of Rail Station area.  OC of...

FBCCI teams up with BB to fight currency fakers

2015-07-01 00:00:00

Bangladesh Bank (BB) and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Tuesday distributed 200 fake-note detection machines among big shopping centres in the capital. The machines were handed over to the representatives of the markets at a...

Deal with Beijing to build maiden BD river tunnel

FE Report | 2015-07-01 00:00:00

Bangladesh and China struck a deal in Beijing Tuesday to build the country's maiden river tunnel down the Karnaphuli in Chittagong at a cost US $705 million. The Bridges Division under the Ministry of Road Transport and Bridges entered into...

TIB urges govt to focus on practice of integrity in NYP

FE Report | 2015-07-01 00:00:00

Transparency International Bangladesh (TIB) urged the government on Tuesday to focus on promotion and practice of integrity among the youths in national-level policy and programmes. "Promotion and practice of integrity among the youths should be emphasised more in the National...

Move to measure actual current LDC status of Bangladesh

Syful Islam | 2015-07-01 00:00:00

The government moves to measure actual current LDC position of Bangladesh as the nation bids for graduating from the world's poor-country club into the next stage by 2020, officials said. At a recent meeting at the economic relations division (ERD)...

Report on edible status of Brazilian wheat: HC

2015-07-01 00:00:00

The High Court (HC) issued Tuesday a rule asking the Director General of the Directorate General of Food to explain within 72 hours whether the wheat imported from Brazil is fit for human consumption, reports UNB. An HC bench comprising...

Case filed against BD, three buyers

Rezaul Karim | 2015-07-01 00:00:00

A civil case was lodged in the United States of America (USA) against Bangladesh and three apparel buyers to get compensation for Rana Plaza victims and remedy for further incidents, officials said. One Abdur Habibur Rahman filed the case with...

No trace of pilot yet after BAF plane crash

Our Correspondent | 2015-07-01 00:00:00

CHITTAGONG, Jun 30: There had been no progress yet in the search for debris of the trainer aircraft that crashed in the sea due to rough weather on Monday. There was no trace of the pilot of the plane Rumman...

DU to stage biomedical physics exhibition today

2015-07-01 00:00:00

Biomedical Physics and Technology Department of Dhaka University (DU) will stage a research exhibition today (Wednesday) marking the 94th founding anniversary of the university, reports BSS. The exhibition will take place at Curzon Hall from 10:00 am to 3:30 pm,...

Two burn victims die at CMCH

2015-07-01 00:00:00

CHITTAGONG, June 30 (BSS): Two of the four victims, who suffered burn injuries in a fire at a rented house in city's Bandortila area on Thursday, died at Chittagong Medical College Hospital (CMCH) on Monday night and Tuesday noon. The...

Photo: Consumers purchasing essential commodities from a TCB-operated mobile shop

2015-07-01 00:00:00

BNP wants Qamrul to quit over wheat scam

2015-07-01 00:00:00

BNP demanded on Tuesday resignation of embattled Food Minister Advocate Qamrul Islam over the Brazilian rotten wheat import scandal, reports UNB. "We earlier said Food Minister Qamrul Islam was the mastermind of the wheat scandal. We urge the government to...

Action against Basic bank scam culprits after probe report: Muhith

2015-07-01 00:00:00

Finance Minister AMA Muhith on Tuesday told Parliament on Tuesday that action would be taken against the culprits behind the Basic Bank scam once the probe report by its board of directors is available, reports UNB. "We've already formed a...

Suranjt asks Khaleda to shun terrorism, militancy

2015-07-01 00:00:00

Awami League (AL) Advisory Council member Suranjit Sengupta urged on Tuesday BNP Chairperson Khaleda Zia to shun politics of terrorism and militancy for the sake of countrymen, reports BSS. "Begum Zia tried to introduce a perverted face of politics but...

Mismatch in first merit list results alleged

FE Report | 2015-07-01 00:00:00

Many of the top-grade holding admission seekers were left out of the first merit list for a technical glitch and now their hopes hinge on the second merit list to be published on July 6. After a three-day delay the...

US vows to jointly fight human trafficking

2015-07-01 00:00:00

US Ambassador in Bangladesh Marcia Bernicat reaffirmed on Tuesday her government's commitment to fighting against human trafficking together saying it is a critical time for Bangladesh, for this region, and for this call to action, report agencies. "Today is an...