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Photo: Pioneer Insurance Company Limited (PICL)

2015-05-22 00:00:00

IPO Diary

2015-05-22 00:00:00

Epic offers discount on flats for NRBs

Our Correspondent | 2015-05-22 00:00:00

CHITTAGONG, May 21: Epic Properties Ltd has offered discount worth Tk 0.8 million on any flat project for expatriate customers during the weeklong fair beginning from Saturday in Chittagong. It has been observed from several years' data that a good...

Amu pledges to protect sugar industries

2015-05-22 00:00:00

RAJSHAHI, May 21 (BSS): Industries minister Amir Hossain Amu, MP, has said the present government is committed to protecting the sugar industries. A large number of people both in farming and industry are involved in this sector, he said. He...

Unapproved plot, flat business thriving in Khulna

2015-05-22 00:00:00

KHULNA, May 21 (UNB): Housing projects and apartment business without any approval are flourishing in different areas of Khulna city and outside under the master plan of Khulna Development Authority (KDA). Customers are being attracted through flashy advertisements and colourful...

Exchange Rate

2015-05-22 00:00:00

Cut in corporate tax rate likely

Doulot Akter Mala | 2015-05-22 00:00:00

The government is set to bring some major changes on direct tax measures including upward revision of tax-free ceiling for individual taxpayers and trimming down of the corporate tax rate for publicly-traded companies by 2.5 per cent in the budget...

High lending rate drives away borrowers

FE Report | 2015-05-22 00:00:00

Terming current bank interest rate 'atrocious', Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) President Syed Nasim Manzur said Thursday such interest rate discourages businesses from taking loans. "The existing high cost of bank interest rate is atrocious, it deters...

Hasan wants BNP to remove Khaleda

2015-05-22 00:00:00

Awami League publication and publicity secretary Dr Hasan Mahmud suggested on Thursday BNP to dissolve its central committee removing chairperson Khaleda Zia, paving the path for the reform of the party, reports UNB. "It'll be of no use to dissolve...

DU teachers reject proposed pay scale

FE Report | 2015-05-22 00:00:00

The teachers of Dhaka University (DU) rejected on Thursday the proposed pay-scale for them terming it 'disgraceful and discriminatory' as their salary grades were downgraded by two steps. The university teachers also demanded immediate revision of the proposed national pay-scale,...

180 die of tuberculosis everyday: NTP statistics

2015-05-22 00:00:00

Tuberculosis (TB) is one of the major diseases in Bangladesh. Statistics show approximately 875 new cases are detected and 180 deaths occur due to tuberculosis in the country everyday, reports BSS. According to National TB Control Programme (NTP), in Bangladesh,...

Produce arms, reduce dependence on import: PM

2015-05-22 00:00:00

Prime Minister Sheikh Hasina directed on Thursday the Bangladesh Ordnance Factories to produce arms, ammunition, weapons and explosives for various forces reducing dependence on import, reports UNB. "You'll (Ordnance Factories) have to keep in mind we won't import all the...

KL orders rescue of migrants at sea

2015-05-22 00:00:00

KUALA LUMPUR, May 21 (Agencies):  Malaysian Prime Minister Najib Razak said Thursday he had ordered the navy to conduct search and rescue missions for thousands of migrants adrift at sea as Thailand's prime minister said his country would not provide...

BD economy’s resilience to political turmoil: Real or statistical?

Zahid Hussain and Johannes Zutt | 2015-05-22 00:00:00

Bangladesh rightly takes pride in its outstanding capacity to withstand and bounce back from shocks. Gross domestic product (GDP) growth rates in Bangladesh have been resilient to global shocks, natural disasters and political turmoil over the years. But, given the...

Relocation of utility lines toughest task

FE Report | 2015-05-22 00:00:00

The Dhaka metro rail project is now facing challenges like shifting the utility lines underground and handling the growing volume of traffic during the construction period. This was stated by Dhaka Mass Rapid Transit Development (DMRTD) Project Director Mofazzel Hossain...

Businesses to get more fiscal stimulus: PM

2015-05-22 00:00:00

Prime Minister Sheikh Hasina announced Thurs­day that the country's business community will get some more fiscal stimulus in the coming budget for fiscal 2015-16, reports UNB. "We'll give some more fiscal stimulus…I won't tell you now anything about it, we'll...

Photo: A biker crossing Purana Paltan

2015-05-22 00:00:00

Prayer Timings

2015-05-22 00:00:00

BD to import potash fertiliser from Canada

2015-05-22 00:00:00

The government signed a contract worth US$ 44 million (4.4 crore) with the government of Canada to import high quality potash fertiliser from the country.  Canadian Commercial Corporation (CCC), the Canadian government’s international government-to-government contracting organisation, signed the contract with ...

Tripura tourism minister in city

2015-05-22 00:00:00

The tourism minister of Indian state of Tripura Ratan Bhoumik said on Thursday that people from his state could visit Bangladesh to see beaches if the communication between the two countries was developed. He is now visiting Bangladesh. "Time has...

US to seek Myanmar help for Bangladesh on migrants

FE Report | 2015-05-22 00:00:00

The United States of America (USA) will call upon the government of Myanmar to cooperate with Bangladesh particularly in rescuing the floating migrants and providing immediate relief to them. Marie Harf, Deputy Spokesperson of the US Department of State, made...

Payment of unpaid VAT, SD by Petrobangla recommended

M Azizur Rahman | 2015-05-22 00:00:00

A five-member committee, headed by the Power Division secretary, has recommended creation of a 'buffer fund' and providing subsidy to state-run Petrobangla from next fiscal year to make payment to international oil companies (IOCs) against the purchase of natural gas,...

20pc safety concerns addressed: Accord

FE Report | 2015-05-22 00:00:00

Terming the ongoing remedial work at the country's apparel factories 'slow', the Accord said Thursday only 20 per cent of required safety concerns have so far been addressed at its listed units. "It is unfortunate to note that the remediation...

BD working for services waiver, zero tariff in US market

FE Report | 2015-05-22 00:00:00

Bangladesh is working in line with the guidelines of the World Trade Organisation (WTO) to have services waiver as well as zero tariff in the US market as it is going to provide preferential treatment to services exports from LDCs....

Photo: FBCCI president Kazi Akram Uddin Ahmed handing over a crest to Prime Minister Sheikh Hasina

2015-05-22 00:00:00

ILO presses for rules on labour law

FE Report | 2015-05-22 00:00:00

The International Labour Organisation (ILO) has emphasised preparing rules for implementation of the Bangladesh Laobur Act (BLA) in accordance with the international labour standards. Reiterating its call on timely issuance of the proposed rules, ILO mentioned that the rules were...

Press council urges Munshiganj admin to take steps against 11 journos

2015-05-22 00:00:00

The Bangladesh Press Council has asked law enforcers to take legal steps against 11 Munshiganj TV and print media journalists after receiving a complaint from the district administration, reports bdnewsw24.com. In a letter dated May 17, the council urged the...

HC halts Bar Council polls

2015-05-22 00:00:00

The High Court (HC) has halted Bar Council elections following objections over the voters' list and the polling procedure, reports bdnews24.com. The bench of Justice Quazi Reza-Ul Hoque and Justice Abu Taher Md Saifur Rahman gave the order on Thursday...

Offenders to be punished: Kamal

2015-05-22 00:00:00

State Minister for Home Asduzzaman Khan said on Thursday actions will be taken after identifying the criminals who have issued death threats to 10 prominent citizens, including the Dhaka University Vice Chancellor, reports UNB. "Whoever the offenders are whether they...

Charges framed again against eight accused

2015-05-22 00:00:00

 A Speedy Trial Tribunal in Dhaka has framed charges again against eight accused in the case over murder of blogger Ahmed Rajib Haider after an error appeared, reports bdnews24.com. Plaintiff Nazim Uddin, father of Rajib, confirmed the framing of charges...