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Political stability to ensure higher growth

FE Desk | 2015-05-03 00:00:00

International Chamber of Commerce-Bangladesh (ICCB) said Saturday continued robust remittances and recovery in private consumption demand will help propel the economic growth of Bangladesh, but political stability would be vital to ensure the sustainability. The ICCB in its executive board...

Call to declare renewable energy a thrust sector

FE Report | 2015-05-03 00:00:00

Bangladesh Solar and Renewable Energy Association (BSREA) asked for financial incentives for the renewable energy sector. The leaders of BSREA made their proposal at the scheduled meeting with National Board of Revenue (NBR) on Saturday in the city. They proposed...

Fire at bike factory in Gazipur

FE Report | 2015-05-03 00:00:00

A fire broke out at a bicycle manufacturing factory of Meghna Group in Sreepur Upazila in Gazipur on Saturday. However, there were no reports of casualties. "The fire originated at about 1:30 pm and was doused by 3:45 pm," according...

Extremists can benefit from BD political instability

2015-05-03 00:00:00

A US congress subcommittee has expressed anxiety over Bangladesh's political instability, warning that it would serve as a breeding ground for religious extremism and militancy, reports bdnews24.com. The House Sub-committee on Asia Pacific, led by Congressman Matt Salmon, said so...

Tax incentives for hybrid cars sought

FE Report | 2015-05-03 00:00:00

Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) leaders sought Saturday tax incentives in the upcoming budget to popularise hybrid cars in the country considering their environment-friendly and fuel-saving features. They urged the revenue board to scrap the separate HS...

BPC to import Indian diesel thru’ river route

M Azizur Rahman | 2015-05-03 00:00:00

Bangladesh has decided to import diesel (gasoil) from neighbouring India through the Brahmaputra river in small barges until completion of construction work of the first cross-country pipeline to carry petroleum products from that country, said officials. The cleaner diesel with...

Photo: Different labour organisations brought out processions

2015-05-03 00:00:00

DSE to impose circuit breaker on third trading day

Mohammad Mufazzal | 2015-05-03 00:00:00

The country’s premier bourse has moved to impose circuit breaker on the third trading day of a newly listed company to contain unusual price hike, officials said. The DSE’s latest move in imposing the circuit breaker on third trading day...

Govt moves to update equity status of 135 SoEs

FE Report | 2015-05-03 00:00:00

The government has taken a move to update its equity status involving 135 state-owned enterprises (SoEs). The Finance Division has taken the move as it runs into difficulties with issuing fresh loans and handling other matters in the absence of...

Car driver killed as lift collapses in city

FE Report | 2015-05-03 00:00:00

A private car driver was killed as an elevator of a six-storey building carrying him fell to the ground at Dhanmondi in the city on Saturday. The victim was identified as Nuru Miah, 50, who hailed from Mehendiganj of Barisal...

Photo: Rescue workers and forensic officials dig out

2015-05-03 00:00:00

Political tension hits stock prices hard

Babul Barman | 2015-05-03 00:00:00

Stocks fell further last week that ended Thursday, with prime index of the Dhaka Stock Exchange (DSE), hitting fresh 18-month low as investors continued selling spree, fearing further fall of stock prices. “Fear of political unrest has cast a dark...

MTB donates Tk 0.4m to ABC

2015-05-03 00:00:00

Mutual Trust Bank Ltd. (MTB) has recently handed over a cheque for BDT 0.4 million to Assistance for Blind Children (ABC) as the annual educational expenses of ten (10) blind children living in the ABC dormitories, said a press release....

News Briefs

2015-05-03 00:00:00

MTB Unit Fund NAV disclosed The total NAV of MTB Unit Fund stood at Tk 349,619,468.28 on the basis of cost price and Tk 240,939,349.45 on the basis of market price at the close of business operation on 30 April...

Photo: Syed Manzur Elahi, Chairman of Apex Footwear Limited, presided over

2015-05-03 00:00:00

Photo: Metrocem Cement Limited

2015-05-03 00:00:00

Pubali Bank honoured by Centre for NRBs

2015-05-03 00:00:00

Pubali Bank Limited has been honoured with a plaque titled 'Top Ten Remittance Award' from the Centre for Non-Resident Bangladeshis (NRBs) for its remarkable support service to increase the flow of inward foreign remittance, said a press release. The award...

Bank Asia offers higher studies scholarship

2015-05-03 00:00:00

As a part of its corporate social responsibility, Bank Asia has provided higher studies scholarship to 58 meritorious students of Chatkhil and Sonaimuri Upazila of Noakhali district and Ramgonj and Chandrogonj upazilas of Laxmipur district on Saturday. Rumee A Hossain,...

Photo: Jamuna Bank Ltd (JBL) and Apollo Hospitals

2015-05-03 00:00:00

IPO Diary

2015-05-03 00:00:00

GPH Ispat Limited

2015-05-03 00:00:00

Weekly Stock Report

2015-05-03 00:00:00

Raising awareness about rainwater harvesting

Rana Dutta | 2015-05-03 00:00:00

Bangladesh is a country with a population of more than 160 million. The majority of its people face acute crisis of clean and drinking water. Surface water in the country is being continuously contaminated by both industrial and human pollutions,...

Enforcing copyright law in the field of music

2015-05-03 00:00:00

The mushroom growth of compact disc (CD) shops in cities and rural markets reflects, on the positive side, how dearly the Bangladeshis love music. But it does also indicate, on the other side, the extent of acts of 'piracy'. That...

Harnessing potential of economic corridor

Shahiduzzaman Khan | 2015-05-03 00:00:00

The Bangladesh-China-India-Myanmar (BCIM) Initiative is expected to help accelerate cooperation among the member nations for building an economic corridor focusing more on power and energy, transport infrastructure, shipping, tourism, trade, business and investment. This was observed by Commerce Minister Tofail...

Street children

ATM Haidar Khan | 2015-05-03 00:00:00

The Bangladesh Bureau of Statistics conducted a survey on the street children in 2002 and found that the number of street children in the country is approximately 2,573. Further research conducted by the Foundation for Research on Educational Planning and...

The earth we know

2015-05-03 00:00:00

The earth is not that we generally know and feel that it is made of all soil and vast ocean and water courses and mountains.  The following earth profile are useful and informative for us, our children, grandchildren, others and...

Road accidents and loss of lives

2015-05-03 00:00:00

It is shocking, to say the least, to know deaths of innocent people under the wheels of a rushing bus or truck. Recently 24 people died from a road accident in Faridpur. We feel sorry for those who lost their...

Rebirth from death

2015-05-03 00:00:00

The news on an amazing and fiction-like fact about a coloured American was published in a local daily. It went on to demonstrate that in many states in the USA like Alabama, where this event took place, the impact of...

Quake in Nepal a wake-up call for Bangladesh

Mohammad Amjad Hossain from Virginia, USA | 2015-05-03 00:00:00

South Asia has been prone to natural disasters like floods, cyclones and earthquakes since time immemorial. Nepal, a landlocked country between two Asian giants India and China, has been in a crisis following severe earthquake which hit the county with...