RAJSHAHI, June 1 (BSS): By virtue of bumper yield, litchi trading worth around Tk 2.5 billion (250 crore) is expected in the region including Ishurdi, famous for litchi production, during this season. With the onset of the Bangla month of...
FE Report | 2015-06-02 00:00:00
Management consultants Monday urged the government to frame appropriate law, rules and regulations to regulate the consultancy profession in the country. "Institute of Management Consultants Bangladesh (IMCB) has been pursuing a Management Consulting Act in order to bring this profession...
FE Report | 2015-06-02 00:00:00
The French donor agency AFD will provide Euro 100 million in loan to the Bangladesh government for upgrading the power supply system of the Dhaka Power Distribution Company (DPDC) Ltd. The European donor signed a loan agreement to this effect...
FE Report | 2015-06-02 00:00:00
The World Bank will fund US$80 million for construction of Sirajganj 225-megawatt combined-cycle power plant for which a contract will be signed soon. Finance Minister AMA Muhith made the disclosure Monday after a meeting with a top official of a...
Yasir Wardad | 2015-06-02 00:00:00
Shipment of more than two dozen products declined in July-April period of the current fiscal, stung by recent political turmoil and currency depreciation in key export destinations, exporters and experts said. State-owned Export Promotion Bureau (EPB) data showed out of...
TCB starts OMS today Trading Corporation of Bangladesh (TCB) starts selling of essential commodities at subsidised rates across the country today (Tuesday) aiming to keep prices and supplies stable during the holy month of Ramadan, officials said. The open market...
Bangladesh Council of Scientific and Industrial Research (BCSIR) has leased out a process "production of fruit and vegetable wash concentrate," for commercialisation by the local entrepreneurs. This process are developed by BCSIR scientist Rajual Karim, says a press release. Sayeda...
FE Report | 2015-06-02 00:00:00
Turnover on the Dhaka Stock Exchange (DSE) crossed Tk 10 billion-mark for the first time in 2015, hitting seven and a half months high as investors injected fresh funds into stocks amid optimism. Daily turnover value jumped to Tk 10.02...
The 28th Annual General Meeting (AGM) of Eastland Insurance Co. Ltd. was held on Sunday at Spectra Convention Centre Limited in the city. The meeting was presided over by Mahbubur Rahman, Chairman of the Company, said a statement. The Chairman...
Siddique Islam | 2015-06-02 00:00:00
The interest rate spread in the country's banking sector moved up slightly in April as the interest rate on deposit decreased while the same on lending increased. The weighted average spread between lending and deposit rates offered by the commercial...
FE Report | 2015-06-02 00:00:00
The government will release soon the last installment worth Tk 3.0 billion of a bailout package for the small investors beggared by the capital-market crash following burst of the bubble. Recently, Bangladesh Bank (BB) requested the Banks and Financial Institutions...
Mohammad Ali | 2015-06-02 00:00:00
At last, the long expected Special Tribunal on capital market has almost been fully equipped with necessary infrastructure and logistics, paving the way for starting its formal operation very shortly, officials said. "As the tribunal is ready, we are expecting...
FE Report | 2015-06-02 00:00:00
Centre for Policy Dialogue (CPD) has suggested that the government should consider, among others, offloading shares of state-owned enterprises (SoEs), in the capital market to help achieve its revenue earnings target. The leading private think-tank in its 'State of the...
FE Report | 2015-06-02 00:00:00
The Centre for Policy Dialogue (CPD) said Bangladesh's data production on important indicators, including GDP calculation, is now widely criticised out of scepticism about its authenticity. GDP (gross domestic product) growth does not reflect the reality and data of resource...
FE Report | 2015-06-02 00:00:00
Many leading entrepreneurs believe extensive money laundering takes place through formal banking channel, mainly under cover of imports. Such siphoning of money-best known as capital flight in terms of economics-might be done mainly through capital machinery imports or such other...
FE Report | 2015-06-02 00:00:00
The country needs to boost investment, widen tax net and reduce cost of doing business to come out of the 6.0 per cent growth trap, economists and experts said Monday. Taking part in a pre-budget discussion in the city, they...
The holy Shab-e-Barat, known as the night of fortune, will be observed across the country tonight (Monday night) with due religious fervour and devotion, reports BSS. The Muslim devotees would spend the night at mosques and homes offering prayers, reciting...
The government re-fixed Monday the office hours of government, semi-government, autonomous and semi-autonomous organisations during the upcoming holy month of Ramadan from 9:00 am to 3:30 pm. There will be a 15- minute prayer break from 1:15 pm-1:30 pm. ....
Jasim Uddin Haroon and Rezaul Karim | 2015-06-02 00:00:00
The government has allocated Tk 50 billion as 'bail-out' package for the state-owned commercial and specialised banks in the budget for the next fiscal year (FY) 2015-16, to be placed before parliament on June 4. The 'bail-out' provision in the...
FE Report | 2015-06-02 00:00:00
The country's overall imports fell in April, following lower prices of essential commodities, including fuel oil, in the global market, officials said on Monday. Opening of letters of credit (LCs) against imports, generally known as import orders, decreased by 5.56...
Doulot Akter Mala | 2015-06-02 00:00:00
The government is likely to increase slightly the exemption limit in the case of wealth tax, known as surcharge, and lower the tax rate on purchase of apartments in the semi-urban and rural areas with undisclosed income, in the upcoming...
FE Report | 2015-06-02 00:00:00
Clients of banks, particularly state-owned commercial banks, are facing difficulty in withdrawing cash mainly due to lack of Magnetic Ink Character Recognition (MICR) cheques recently. The banks were not able to provide such cheques to their clients as per requirements...
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