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Indonesia turns away migrants’ boat, 8,000 stranded at sea

2015-05-13 00:00:00

JAKARTA, May 12 (Agencies): Indonesia has turned away a boat carrying hundreds of migrants believed to be from Myanmar and Bangladesh. However, Indonesia's navy provided food, water and medical supplies to around 500 passengers late Monday, before sending the boat...

Cost, construction time both overrun estimates in revised project proposal

FHM Humayan Kabir | 2015-05-13 00:00:00

Both cost and construction schedule of the Padma Multipurpose Bridge are set to overrun the government estimates as the Bridges Division has sought Tk 82.86 billion more and time extension until June 2020. This revised project cost is 40 per...

BBS to release quarterly job, labour data

Jasim Uddin Haroon | 2015-05-13 00:00:00

Bangladesh Bureau of Statistics (BBS) will divulge indicators on labour market on quarterly basis instead of doing it at several years' intervals. The government agency has taken the initiative under a donor-aided project for catering regular information on job situation...

Prayer Timings

2015-05-13 00:00:00

Anyone owning a house or a car will be taxed: Muhith

FE Report | 2015-05-13 00:00:00

The government will impose income tax on anyone owning a house or car from the upcoming financial year in a bid to widen the existing tax net, said Finance Minister AMA Muhith Monday. A survey will be carried out to...

Businesses propose host of fiscal measures

FE Report | 2015-05-13 00:00:00

Country's leading business leaders Tuesday proposed a host of fiscal measures including raising existing ceiling on wealth tax, widening tax net instead of increasing its rate and tax-free threshold for individual taxpayer for the upcoming national budget. They also suggested...

Police attack on protesters denounced

2015-05-13 00:00:00

Women rights activists denounced on Tuesday the police attack on Bangladesh Chhatra Union activists during their protest against sexual assaults on women at Dhaka University on April 14, reports UNB. On Sunday, about one hundred Chhatra Union activists came under...

Salahuddin\\\'s incident proves lying innate to BNP: Nasim

2015-05-13 00:00:00

Awami League presidium member and spokesperson of central 14-Party Alliance Mohammad Nasim said on Tuesday the incident of Salahuddin Ahmed, once again, proved that lying was innate to the Bangladesh Nationalist Party (BNP), reports BSS. He said, "The news of...

Poor enforcement of laws fails to curb human trafficking: Experts

Arafat Ara | 2015-05-13 00:00:00

Enactment of a couple of Acts has hardly made any headway in combating human trafficking from Bangladesh mainly due to their poor enforcement, experts and rights activists have said. According to them, no instance of punishment for the human trafficking...

HC pulls up govt over police brutality on protest march

2015-05-13 00:00:00

The police chief has been asked to inform the High Court about steps taken against those police personnel who used brutal force to disperse a group of protestors Sunday, reports bdnews24.com. The protestors were demanding arrest of those who sexually...

Bangladesh National Ins IPO approved

FE Report | 2015-05-13 00:00:00

The securities regulator has approved the IPO (initial public offering) proposal of Bangladesh National Insurance Company (BNIC) which will raise a fund worth Tk 177 million under fixed price method, officials said. The approval came Tuesday at a commission meeting...

Karmasangsthan Bank, Pran Dairy come forward to help dairy farmers

FE Report | 2015-05-13 00:00:00

The Karmasangsthan Bank will provide loan at lower rate to the dairy farmers to help enhance their capacity in liquid milk production for the sake of a sustainable dairy industry in the country, officials said. The bank will disburse the...

SABINCO AGM held

2015-05-13 00:00:00

SABINCO at its 31st Annual General Meeting (AGM) held recently declared Taka 280 million as cash dividend.   Mr. Badar Ibrahim H. Al-Mazyad, Financial Analyst, Public Investment Fund, Kingdom of Saudi Arabia and Mr. Arijit Chowdhury, Additional Secretary, Bank and Financial...

Profit taking pulls stocks down

FE Report | 2015-05-13 00:00:00

Stocks witnessed a mild correction Tuesday, snapping five consecutive session rally, as investor booked short-term profit mainly on financial stocks. Brokers said price correction pulled down stocks prices as short-term traders took profit mainly on NBFIs, banks and cement issues...

News Briefs

2015-05-13 00:00:00

IBBL gets two new DMDs Abdus Sadeque Bhuiyan, Head of Inter­national Banking Wing and Md. Shamsuzzaman, Head of Information & Communi­cation Technology Wing of Islami Bank Bangladesh Limited have been promoted as Deputy Mana­ging Directors of the Bank.  Abdus Sadeque...

Photo: Al-Arafah Islami Bank Ltd

2015-05-13 00:00:00

Photo: SABINCO

2015-05-13 00:00:00

Farm loan reschedules likely

FE Report | 2015-05-13 00:00:00

The government may allow rescheduling of agriculture loans, considering the political unrest in the last three years when farmers failed to repay credit, Finance Minister AMA Muhith said Tuesday. However, he said no decision is yet to be taken regarding...

Garment exports slow in April

FE Report | 2015-05-13 00:00:00

Apparel export growth slowed last month as industry people say compliance requirement and recent political turmoil ate into income. Exports proceeds slowed down to 1.16 per cent in April, compared with the same period last year, the Export Promotion Bureau...

FICCI statement

2015-05-13 00:00:00

The Foreign Investors' Chamber of Commerce & Industry (FICCI) has objected to a news item headlined "Tax theft by MNCs: Call to enforce transfer price rules" published in Sunday's issue of The Financial Express. In a statement, the chamber said...

Stock-taking on macro economy today

FE Report | 2015-05-13 00:00:00

The finance division will review the country's latest macro-economic indicators, especially the monetary policy and exchange rates as the economy had suffered from the second half of the current fiscal year after political turmoil. The special meeting of the co-ordination...

FE Report

2015-05-13 00:00:00

Only 55pc ADP funds spent in 10 months The government ministries and agencies spent only 55 per cent of Tk 750 billion revised annual development programme (ADP) in the first 10 months of the current financial year 2014-15, officials said...

Photo:Meghna Bank Limited

2015-05-13 00:00:00

Pakistan to help women garment entrepreneurs upgrade skills

FE Report | 2015-05-13 00:00:00

Pakistan will support women businessmen in the garment sector to upgrade their entrepreneurial skills. To this end, Pakistan High Commission in Dhaka Tuesday signed an agreement with Micro Industries Development Assistance and Services (MIDAS), Bangladesh to skill development programme for...

Germany keen to modernise BD mills

2015-05-13 00:00:00

Newly appointed German Ambassador to Bangladesh Dr Thomas Prinz Tuesday expressed his government's interest to increase productivity through modernisation of mills and factories of Bangladesh, reports BSS. He expressed this interest when he paid a courtesy call on foreign minister...

Task Force drives against polythene by June

2015-05-13 00:00:00

KHULNA, May 12 (BSS): A nine member task force was formed here recently to lunch anti- polythene drive in Khulna by first week of June. The taskforce has been entrusted with the responsibility of taking action against the polythene traders,...

FinExcel training held

2015-05-13 00:00:00

Financial Excellence Limited (FinExcel) recently organised a three-day long training programme on "IT Service Management" in the city, according to a statement. Noor A Alam Chowdhury, director, data edge limited inaugurated the training programme attended by executives from several banks...

Amu for expansion of social marketing, networking initiative

2015-05-13 00:00:00

Industries minister Amir Hossain Amu Tuesday underscored the need for expansion of social marketing and networking initiative for increasing productivity and development of management skills in industrial sector, reports BSS. "Developed countries in Europe and America have already been able...

IMCB elects new chairman, president

2015-05-13 00:00:00

M Monzurul Haque and M Zakir Hossain  were  elected as chairman and president of the  Institute of Management Consultants Bangladesh (IMCB) respectively for the term of  2015 and 2016 at  the Institute's 14th annual general meeting (AGM) held at  a...

Exchange Rate

2015-05-13 00:00:00