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Housing finance loans ceiling raised

Md Mazadul Hoque | 2011-04-18 00:00:00

Md Mazadul HoqueState-run housing financier has raised its lending ceiling by Tk 1.0 million to keep pace with the rising costs of house building, its top official said Sunday. Managing director of Bangladesh House Building Finance Corporation (BHBFC) Kazi Faqurul...

DSE for slashing corporate tax by 5pc in budget

Asaduzzaman Pallab | 2011-04-18 00:00:00

Asaduzzaman Pallab Dhaka Stock Exchange (DSE), the premium bourses of the country, will propose the government to slash corporate tax by 5.00 per cent for listed financial institutions in the next national budget. The current corporate tax for banks, insurances...

FBCCI for new VAT law thru' discussions with businesses

Doulot Akter Mala | 2011-04-18 00:00:00

Doulot Akter MalaThe country's apex chamber body has proposed to the government to prepare the Value Added Tax (VAT) law by holding thorough discussions with the business community and policy makers. The Federation of Bangladesh Chambers of Commerce and Industry...

Delhi seeks transit facility thru' 15 road, rail routes

Nazmul Ahsan | 2011-04-18 00:00:00

Nazmul AhsanNew Delhi has submitted a proposal to Dhaka to allow the use of the latter's road and rail facilities on 15 routes for the purpose of export and import of goods to and from India to third countries and...

Credit flow to pvt sector records rise in Feb

Siddique Islam | 2011-04-17 00:00:00

Siddique Islam Upward trend in the disbursement of private sector credit continued in the month of February despite policy interest rates raised by the central bank, officials said. Credit flow to the private sector recorded a growth of 28.34 per...

What triggered M-E turbulence?

From Fazle Rashid | 2011-04-17 00:00:00

From Fazle RashidNEW YORK, Apr 16: The political turbulence now sweeping the Arab world and north African nations was triggered by Mohammad Bouazizi, a Tunisian fruit and vegetable vendor who set himself on fire as his sales dropped due to...

Abiding by national building code

Khalilur Rahman | 2011-04-17 00:00:00

Khalilur RahmanOur ever-smiling Food and Disaster Management Minister Dr. Mohammad Abdur Razzaque announced three days ago (April 13) that the government was formulating a policy to make it mandatory under the law for construction of each and every building, both...

Govt to set up Tk 3.06b jute plant at Adamjee

Badrul Ahsan | 2011-04-17 00:00:00

Badrul AhsanThe government has finalised a plan to set up a mega jute plant at the site of the now defunct Adamjee Jute Mill area to cash in on booming export of the golden fibre, a senior official said Saturday....

100 leading share investors under NBR scrutiny

Doulot Akter Mala | 2011-04-17 00:00:00

Doulot Akter MalaMore than 100 leading share investors who invested in the capital market availing the opportunity that was offered in 2009 with a condition to hold the investment for two consecutive years, are now under scrutiny of the revenue...

BB suggests steps to combat money laundering, terrorist financing

Nazmul Ahsan | 2011-04-17 00:00:00

Nazmul AhsanBangladesh Bank (BB) has suggested to the government to impose restrictions on cash transactions for selected companies and individual suspects to help contain money laundering and control terrorist financing, official sources said. As a national strategy to combat terrorist...

West Bengal electioneering- Sonia-Rahul in campaign

Zaglul Ahmed Chowdhury | 2011-04-17 00:00:00

Zaglul Ahmed Chowdhury The campaign for the crucial assembly elections in the Indian state of West Bengal has reached a feverish pitch with the war of words between the two main political groups getting increasingly belligerent as the state readies...

Govt to reconstruct SEC, says Muhith

Mohammad Mufazzal | 2011-04-17 00:00:00

Mohammad MufazzalThe government has planned to reconstitute the Securities and Exchange Commission (SEC) in the wake of a scathing report by a probe body that the regulator has failed to safeguard interest of millions of small investors. Finance Minister AMA...

Karmasangsthan Bank creates 102,580 new employments

Md Mazadul Hoque | 2011-04-16 00:00:00

Md Mazadul HoqueThe state-run Karmasangsthan Bank (KB) has created some 102,580 employments in nine months (July-March) of the current fiscal year (2010-2011), reflecting a 16 per cent increase over those of the corresponding period of the last fiscal, a high...

Govt planning to engage TCB to import bullion for jewellers

Syful Islam | 2011-04-16 00:00:00

Syful IslamThe government is set to engage the Trading Corporation of Bangladesh (TCB) to import bullion for the jewellery industry since the jewellers have no legal way to get raw materials, officials said. "The TCB has the mandate to carry...

The comeback kid

Stephen Wilkinson | 2011-04-16 00:00:00

Stephen WilkinsonEver since the summer of 2006, when Fidel Castro was taken ill and transferred power to his brother, there has been speculation about the amount of power he wields behind the scenes. Some say that his brother, the diminutive...

Philippines expects trade with China to grow

Alito L Malinao | 2011-04-16 00:00:00

Alito L MalinaoAfter the four-day visit to China of a high-level Philippine economic delegation that started Tuesday, trade between the Philippines and China as well as the flow of direct Chinese investments into the country are expected to grow. Public...

How can social networks make money?

LJ Rich | 2011-04-16 00:00:00

LJ Rich With social networks now big business, what can the companies do to turn free services into hard cash? Over the past month, US Facebook users have been enjoying a selection of Warner Bros blockbusters streamed through the site...

Saga of Jago Art Centre and Chhayanat

Nehal Adil | 2011-04-16 00:00:00

Nehal AdilIn the saga of our cultural history and democratic struggle Jago Art Centre and Chhayanat have played a glorious role that the future generations should carry forward. On the premises of Shilpakala Academy the fiftieth founding anniversary of Jago...

Confidence Cement to grab new mkt

Company Profile | 2011-04-16 00:00:00

Company ProfileConfidence Cement Limited (CCL) is the the first private sector cement manufacturing company in Bangladesh established in early 90's with having 4,80,000 M/T annual production capacity at Chittagong. It manufactures Portland Composite Cement. CCL is the first ISO-9002 certified...

$51m earned thru' export of plastic products in Jul-Mar

Shah Alam Nur | 2011-04-16 00:00:00

Shah Alam NurThe country had earned a total of US$50.06 million in first nine months of the current fiscal year (2010-2011) by exporting plastic products against the target of $38.82 million. Growth of export performance over export target for the...

BJMC jute mills get large buy orders from four SOEs

Talha Bin Habib | 2011-04-16 00:00:00

Talha Bin HabibFour state-owned enterprises (SOEs) will purchase a substantial number of jute sacks from the government jute-mills this fiscal, officials said. The Bangladesh Jute Mills Corporation (BJMC) has obtained an order of Tk 1,050 million to supply about 15...

Hardly a healthy picture of nutrition

writes Ahmed Ali | 2011-04-16 00:00:00

writes Ahmed AliThe increase in food production in Bangladesh over the last 40 years is yet to have any substantial impact among its vast population in terms of better or higher calorie intake or nutrition. This is because higher foodgrain...

Mobile VoIP to 'enrich existing mobile communication'

Md Jamal Uddin | 2011-04-16 00:00:00

Md Jamal UddinThe latest communications technology of Mobile VoIP will enrich the existing mobile communication as it has a wide application system of using both voice and video call, said technology specialists. "Present internet service through EDGE technology will not...

Bankers' assoc to raise fund for Libya returnees

Badrul Ahsan | 2011-04-16 00:00:00

Badrul AhsanThe Association of Bankers, Bangladesh (ABB) will raise fund for rehabilitation of the Libya returnees, a highly placed source of Bangladesh Bank (BB) said. The rehabilitation package will include skill development programme for unemployed youths so that they can...

Tax benefit offer for CSR gets poor response

Doulot Akter Mala | 2011-04-16 00:00:00

Doulot Akter MalaThe National Board of Revenue (NBR) is yet to receive any application seeking tax benefit for Corporate Social Responsibility (CSR) activities so far this fiscal year (FY) even though the government expanded the areas of CSR for tax...

Libya crisis and Bangladesh's overseas labour market

Md. Maidul Islam | 2011-04-09 00:00:00

Md. Maidul IslamIn recent days, the Middle East and North Africa (MENA) region is becoming restless. After Tunisia and Egypt, Libya is now facing serious trouble due to existing political turmoil which has worsened the country's social and economic condition....

Imperative for taking early decision on extracting local coal

M Nurul Haque | 2011-04-09 00:00:00

M Nurul HaqueBangladesh has five coal fields with around 2.55 billion tonnes of reserves but is unable to extract them until a national coal policy is put in place. Its major coal mines are in its northern region, having a...

United Airways carries 40pcdomestic passengers yearly

Shah Alam Nur | 2011-04-09 00:00:00

Shah Alam NurUnited Airways, a leading domestic airline, carry more than 40 per cent of total domestic passengers on average in a year, officials said. "We carried more than 40 per cent of our domestic passengers round the year while...

BIWTA to seek more time for completion of Pangaon ICT

Talha Bin Habib | 2011-04-09 00:00:00

Talha Bin Habib Bangladesh Inland Water Transport Authority (BIWTA) will seek more time from the concerned ministry for completion of construction work of Pangaon Inland Container Terminal (ICT) in Dhaka, sources said. To this effect, the BIWTA authorities will send...

Sounds of rockets echo in Ajdabiyah

Liu Wanli | 2011-04-09 00:00:00

Liu WanliNATO's planes flew over Ajdabiyah when doctors in the town's hospital were doing surgery on an anti-government militant. The fighters guarding the hospital picked up their weapons and jumped onto trucks with machine guns after they heard their colleagues...