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BSEC approves draft of private equity, venture capital financing rules

FE Report | 2015-06-04 00:00:00

The securities regulator has approved the draft of private equity and venture capital financing rules for financing private firms having not enough fund, officials said. The approval came at a commission meeting held at the office of the Bangladesh Securities...

Most Asia stocks slip, euro up against dollar

2015-06-04 00:00:00

HONG KONG, June 3 (AFP): Asian markets mostly fell today, while the euro edged higher against the dollar following upbeat eurozone inflation data as traders track Greece's debt reform talks ahead of a repayment deadline. Tokyo slipped 0.34 per cent,...

Photo: (From left) Eastern Bank Ltd. (EBL)

2015-06-04 00:00:00

Photo: Bangladesh Krishi Bank (BKB)

2015-06-04 00:00:00

Photo: Social Islami Bank Limited (SIBL)

2015-06-04 00:00:00

Mega budget to see a mix of fiscal measures

Jasim Uddin Haroon | 2015-06-04 00:00:00

Finance Minister AMA Muhith will unveil in parliament today (Thursday) the national budget for the fiscal year (FY) 2015-16 with an enhanced outlay of  around Tk 2.95 trillion. The budget, according to available indications, despite its record size is unlikely...

Duty on sugar, capital machinery set to go up

Doulot Akter Mala | 2015-06-04 00:00:00

The budget for upcoming fiscal year (FY) is likely to propose an increase in import duty on both raw and refined sugar, capital machinery and impose tax on talk-time of mobile phone subscribers. A number of imported items, nearly 381,...

Budget for FY \\\'16: Priority attention to HR dev likely

Shahiduzzaman Khan | 2015-06-04 00:00:00

Finance Minister Abul Maal Abdul Muhith will place before parliament the national budget for the financial year (FY'16) today (Thursday). He is expected to put greater emphasis in his budget speech on human resource development. The size of the estimated...

Body drafts rules on labour law implementation

FE Report | 2015-06-04 00:00:00

The Tripartite Consultative Committee (TCC) finalised on Tuesday the draft rules on implementation of the labour law by addressing some thorny issues. The issues include formation of safety committees, payment of workers' benefit during factory relocation and creation of a...

Petrol bomb attack on Comilla bus: Five burnt

2015-06-04 00:00:00

In an ominous rerun of the violence earlier this year, a bus was attacked with a petrol bomb early on Wednesday in Comilla, leaving five passengers burnt, reports bdnews24.com. The firebombing on the Dhaka-Chittagong Highway at Comilla's Chandina Upazila left...

ADP not fully executed in any of last 10 FYs

FHM Humayan Kabir | 2015-06-04 00:00:00

No government has ever been able to implement the Annual Development Programme (ADP) optimally during the last one decade although allocations in the national budget for development works have augmented gradually, analysts said. Many measures, taken to enhance ADP implementation...

Blatter resigns as FIFA president

2015-06-04 00:00:00

ZURICH, June 3 (Agencies): Sepp Blatter Tuesday resigned as president of FIFA as a mounting corruption scandal engulfed world football's governing body. The 79-year-old Swiss official, FIFA president for 17 years and only reelected on Friday, said a special congress...

Prayer Timings

2015-06-04 00:00:00

Human trafficker held in Cox\\\'s Bazar

2015-06-04 00:00:00

COX'S BAZAR, June 3 (UNB): Police in a drive arrested a listed human trafficker from his house at West Choufaldandi in Sadar upazila early  Wednesday. The arrestee was identified as Ekram Mia, a union council member of  Choufaldandi union.  Tipped...

Eight newborns\\\' bodies found in Teesta

2015-06-04 00:00:00

NILPHAMARI, Jun 3 (UNB): The bodies of eight newborns were found wrapped in a polythene bag floating on the Teesta River in Dimla upazila on Tuesday. Officer-in-charge of Dimla Police Station Abdul Ali Akand said locals spotted the big polythene...

Grabbers put yet another water body on death throes

Kamrun Nahar | 2015-06-04 00:00:00

Bhashantek Beel (Shaheen Lake), one of the city's major water bodies lying in between Dhaka cantonment and Mirpur-Pallabi, has been disappearing fast due to rampant grabbing of land, allegedly by both public and private parties. The grabbers have been flouting...

Power sector project allocation to double

FE Report | 2015-06-04 00:00:00

The government is set to double the allocation for power sector projects for implementation under the Annual Development Programme (ADP) during the next fiscal year (FY), 2015-16. However, the sector's performance in the outgoing FY falls far behind the target,...

Tk 383b bank borrowing likely to finance budget deficit

Siddique Islam | 2015-06-04 00:00:00

The government is likely to set its target of borrowing from the banking system at Tk 383 billion to finance the budget deficit partly for the next fiscal year (FY) 2015-16, officials said. "The government will borrow the money from...

Six killed in city road accidents

2015-06-04 00:00:00

Six people, including three motorcyclists, were killed in separate accidents in the city's Karwan Bazar, Malibagh Chowdhury Para, Airport, Khilgaon and Khilkhet areas on Wednesday, reports UNB. Four of the deceased were identified as Mehedi Hasan alias Noyon, 37, son...

Govt to amend ACC laws to expedite fraud probe

2015-06-04 00:00:00

The government plans an amendment to existing laws to expedite fraud investigations now often stuck in the Anti-Corruption Commission (ACC) over jurisdictions, reports bdnews24.com.   That has ended up denying justice to tens of thousands in Bangladesh. Police were responsible for...

Call to cancel Rampal power plant project

FE Report | 2015-06-04 00:00:00

The National Committee for Protection of Oil, Gas, Mineral Resources, Electricity and Ports has demanded cancellation of the deal to implement the Rampal 1,320 megawatt (mw) coal-fired power plant project during the upcoming visit of Indian Prime Minister Narendra Modi....

Twaki Mancha convener Rabbi indicted

2015-06-04 00:00:00

NARAYANGANJ, June 3 (UNB): A local court has framed charges against Rafiur Rabbi, convener of Santras Nirmul Twaki Mancha, in a case filed for making 'derogatory' remarks about the wife of Shamim Osman, MP. Passing the order, Judicial Magistrate Ishtique...

Home minister receives death threat from ABT

2015-06-04 00:00:00

Outlawed militant group Ansarullah Bangla Team (ABT) in a letter has threatened to kill State Minister for Home Asaduzzaman Khan Kamal recently, reports bdnews24.com. The letter delivered to former Dhaka University vice-chancellor AK Azad Chowdhury at his house in Dhanmondi...

Boy shot dead in Ctg

2015-06-04 00:00:00

CHITTAGONG, June 3 (UNB): A minor was shot dead by some extortionists at Mohammadpur under Panchlaish thana in the city Tuesday night. The deceased was identified as Asadul (11), a resident of Sarail Upazila of Brahmanbaria district. Officer-in-charge (OC) of...

More Korean investment in BD depends on businesses\\\' feat

FE Report | 2015-06-04 00:00:00

Chairman of the Korea-Bangladesh Parliamentary Friendship Group Cho Won-jin said on Wednesday more Korean investment in Bangladesh is only possible if existing businesses in the country do well. "More investors will come here if existing ones do well in the...

Taslima Nasreen goes to US

2015-06-04 00:00:00

 Bangladeshi writer Taslima Nasreen has relocated to the US, reports bdnews24.com. On Wednesday she said she has not left India permanently and would return to the country when she felt safe In a post on her Twitter handle, Ms Nasreen...

Photo: Newly-elected president of FBCCI Abdul Matlub Ahmad

2015-06-04 00:00:00

Photo: Sommilito Sangskritik Jote organised a programme at Central Shaheed Minar

2015-06-04 00:00:00

DSCC faces tough job of waste management

Jubair Hasan | 2015-06-04 00:00:00

Dhaka South City Corporation (DSCC) is landing in serious trouble with its waste management as the only garbage dumping ground of the corporation at Matuail is going to be filled up by next year. Officials and experts concerned fear big...

Shab-e-Barat observed

2015-06-04 00:00:00

Holy Shab-e-Barat, the night of fortune and forgiveness, was observed in the  capital city as elsewhere in the country on Tuesday night with due religious fervour, report agencies. Muslim devotees off-ered special prayers, reciting from the holy Quran, holding milad,...