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Menjis KC, Victoria SC win

2014-06-02 00:00:00

Menjis Krira Chakra and Victoria Sporting Club won their respective matches in the Cute Premier Division Handball League at Shaheed (Capt) M Mansoor Ali National Handball Stadium in the city Sunday, reports UNB. Menjis KC beat Surjodaya Krira Chakra by...

Agrani Bank beat Victoria

2014-06-02 00:00:00

Agrani Bank Sporting Club managed 2-0 goals win over Victoria Sporting Club in the Premier Bank Bangladesh Championship League at the Bir Shreshtha Shaheed Sepoy Mohammad Mostafa Kamal Stadium in Kamalapur Sunday, reports UNB. Tony Barman put the bankers' team...

Shishu Kishore, Police reach super league

2014-06-02 00:00:00

Shishu Kishore Sangha and Police AC moved into the super league of the Green Delta Insurance First Division Hockey League eliminating their rivals at the Maulana Bhasani National Hockey Stadium in the city Sunday, reports UNB. Earlier, Dhaka Railway SC...

Qatari paid millions for WC bid support

2014-06-02 00:00:00

LONDON, June 1 (AFP): A former top Qatari football official paid more than $5 million to get support for the tiny emirate's controversial campaign to host the 2022 World Cup, a British newspaper alleged Sunday. The Sunday Times said it...

Pele\\\'s son sentenced for money laundering

2014-06-02 00:00:00

SAO PAULO, June 1 (AFP): A Brazilian court has sentenced football legend Pele's son Edinho to 33 years in prison for laundering money for drug traffickers, media reports said Saturday. Edson Cholbi Nascimento, nicknamed Edinho, denies the charges in the...

Italy\\\'s Montolivo breaks leg, Dutch edge Ghana

2014-06-02 00:00:00

PARIS, June 1 (AFP): Italy's World Cup build-up suffered a major blow Saturday when midfielder Riccardo Montolivo broke his leg against Ireland, while in other Brazil 2014 warm-ups Holland beat Ghana and Greece held Portugal. AC Milan captain Montolivo was...

Murray into fourth round at French Open

2014-06-02 00:00:00

PARIS, June 1 (AFP): Andy Murray reached the fourth round of the French Open on Sunday with a 3-6, 6-3, 6-3, 4-6, 12-10 win over Philipp Kohlschreiber of Germany. The match had been held over from Saturday evening with the...

sports digest

2014-06-02 00:00:00

Buttler service impresses Cook LONDON, June 1: England captain Alastair Cook said Jos Buttler didn't deserve to be on the losing side after his stunning century so nearly led to a remarkable win over Sri Lanka. Cook's side were all...

Modi-fied India: Test of unifying the country

Muhammad Zamir | 2014-06-02 00:00:00

Narendra Modi has taken the oath as India's new Prime minister on 26 May 26. The relatively small Cabinet, includes, as expected, most his senior colleagues in the Bharatiya Janata Party (BJP) who had assisted him in the electoral process....

The crisis in stock markets

Mizanur Rahman | 2014-06-02 00:00:00

The issue of ownership control and investors' protection is classic in corporate governance. The controlling shareholders (generally including sponsors/promoters and directors) and top management constitute insiders in corporate businesses. The controlling shareholders are few in number and have a joint...

CNG pump owners to enforce non-stop strike

2014-06-02 00:00:00

CNG refuelling station owners are going to enforce a non-stop countrywide strike as their meeting with state-owned Petrobangla on Monday ended inconclusively. After over an hour-long meeting, president of Bangladesh CNG Filling Station and Conversion Workshop Owners’ Association Zakir Hossain...

Introducing e-tickets in transport sector

2014-06-02 00:00:00

In this age of globalisation, no country can remain immune from its spill-over effects. National boundaries are now crossed without any visa: the Information Communication Technology (ICT) has done it! Bangladesh is no exception to the development. While mobile phones...

Lukewarm response to a much-touted concept

Shamsul Huq Zahid | 2014-06-02 00:00:00

This has become more of a ritual for the government to earmark a sizeable amount in the national budget for the last few years with the hope of financing projects under the so-called private-public partnership (PPP) initiatives. But realities have...

Jaw-scowling roads

Neil Ray | 2014-06-02 00:00:00

Steven Spielberg's 1975 blockbuster, Jaws produces an overpowering sense of fear. All because the great white shark bares its rows of long and pointed teeth in so menacing a manner. Of late, people in the capital may have been rudely...

Malfunctioning retractable road spikes

2014-06-02 00:00:00

Photographs showing damaged road spikes were recently published in newspapers. This sort of initial problem needs to be tolerated; as it is the only way out to tackle the lawless traffic. Very often VIPs and other so-called important people's vehicles;...

India\\\'s tour of Bangladesh

2014-06-02 00:00:00

Soon the Indian cricket team will tour Bangladesh and play three one-day international matches with the Tigers. Cricket fans all over the country are waiting for the encounter and this time they want to see the Tigers fighting neck and...

Govt info over text message

2014-06-02 00:00:00

The other day I received a text message on my mobile phone on the eve of Nirapod Matritto Dibosh. I was unaware of the day but was happy to know about the Day and its importance. Quite frequently similar messages...

FY2014-15 budget: Thrust on proper implementation

Saleh Akram | 2014-06-02 00:00:00

The national budget for 2014-15 fiscal year is due to be announced later this week. Debates and discussions are already on as to the size and dimension of the budget, its impact on market prices, subsidy, import protection, implementation strategy...

Widening the tax net

Ayubur Rahman Bhuyan in the second of a three-part article titled \'FY15 budget must be ambitious to achieve strong economic growth\' | 2014-06-02 00:00:00

To begin with, revenue efforts will need to be intensified in all three areas - NBR, non-NBR, and non-tax revenues. Some of the very obvious and potentially highly productive sources of revenue are highlighted below. CORPORATE INCOME TAX: Bangladesh's tax...

Stocks inch up on large cap cos

2014-06-02 00:00:00

FE Report Stocks went a bit higher Sunday with turnover striking a 12-session high as investors went for buying spree on large cap stocks. The market started with an upward trend and the positive trend continued till the closure. Eventually,...

Mercantile Bank vows to contribute to country\\\'s dev

FE Report | 2014-06-02 00:00:00

Mercantile Bank Ltd, a private commercial bank, vowed Sunday to contribute to the country's sustainable development through its quality products and expanded service network in the coming years. Its top officials made the pledge at a press conference arranged on...

News Briefs

2014-06-02 00:00:00

Takaful Islami Ins gets new chair, vice chair Takaful Islami Insurance Limited has informed that Md. Abul Hashem has been elected as the chairman and Md. Mofiz Uddin as vice chairman of the company for the next term.     — DSE...

Photo: Southeast Bank Limited

2014-06-02 00:00:00

Photo: Eastern Bank Ltd.

2014-06-02 00:00:00

Merchant bankers, stock brokers get BB re-financing fund

Mohammad Mufazzal | 2014-06-02 00:00:00

The capital market re-financing fund has finally lured merchant bankers and stock brokers following relaxation of its terms and conditions, officials said. The officials of the Bangladesh Securities and Exchange Commission (BSEC) said about two-thirds of the fund, which was...

IBBL\\\'s foreign sponsors eager to buy more bank shares

FE Report | 2014-06-02 00:00:00

Foreign sponsors of the Islami Bank Bangladesh Ltd (IBBL) have expressed their eagerness to purchase more shares of the bank and expand their business relationship with Bangladesh. They were speaking at the 31st Annual General Meeting (AGM) of the bank...

M-cap of top 7 Sensex cos down by over Rs 905b

2014-06-02 00:00:00

NEW DELHI, June 1 (PTI): Top seven Sensex companies saw a cumulative loss of Rs 904.52 billion in their market capitalisation (m-cap) last week, with energy majors ONGC and RIL taking the steepest hit. The seven companies whose market valuation...

US bond market faces possible reckoning

2014-06-02 00:00:00

NEW YORK, June 1 (Reuters): The rally in US Treasury bonds surprised many, taking 10-year yields to their lowest levels in 11 months. Jobs data and the European Central Bank meeting next week will determine whether bond prices have further...

IDLC Finance holds workshop on bond mkts in S Asia

2014-06-02 00:00:00

IDLC Finance Limited, the largest multi-product non-banking financial institution in Bangladesh, recently organised a two-day long workshop under the title 'Bond Markets in South Asia: Theory vs market practice, regulatory atmosphere, and development potentials', said a press release. Professionals from...

Photo: National Housing Finance and Investments Limited

2014-06-02 00:00:00