Muhith miffed by hartal
April 28, 2012
Finance Minister AMA Muhith yesterday made a fervent call to all concerned to seriously think about an alternative to the general strike for the sake of the country’s economy.
“No government likes strikes … now we have reached a position where we have to think seriously about the strikes as the country’s economy is now much better than the situation Read more
Fix power crisis fast
April 28, 2012
The heads of different parliamentary standing committees yesterday urged Finance Minister AMA Muhith to fast-track efforts to solve the power crisis.
They also said the government’s success and failure depend largely on the supply of adequate electricity.
At a pre-budget discussion with the finance minister in the Read more
Food bag exports fuel high hopes
April 28, 2012
Growing demand for food packaging products in the developed countries offers an opportunity for Bangladeshi entrepreneurs to earn millions of dollars from exports.
To tap the potential, a local entrepreneur for the first time in the country’s history has started exporting food bags to the US and Canada, which are the biggest Read more
SEC clarifies approval for two companies
April 28, 2012
Information Services Network Ltd and Tallu Spinning Mills Ltd must comply with minimum-shareholding rules first, before it can raise capital from shareholders through a rights offer, the stockmarket regulator said yesterday.
The SEC on November 22 last year made it compulsory for sponsors, directors and Read more
GCM Resources gets new executive director
April 28, 2012
Gary Lye has recently been appointed as executive director of GCM Resources Plc, the company said in a statement yesterday.
Lye is the company’s in-country chief executive officer, according to the statement.
He has well established relations with a wide variety of key stakeholders in Bangladesh Read more
5 Destiny directors’ bank accounts frozen
April 26, 2012
HC weighs in to stop hotel construction on Cox’s Bazar beach
Staff Correspondent
The National Board of Revenue yesterday froze bank accounts of Destiny Group’s five directors, including the chairman of the much-talked-about company.
Bangladesh Bank also asked all banks to provide it with information about the accounts of the company’s 14 directors Read more
Hitting the beach in Bangladesh
April 26, 2012
BANGLADESH is probably one of the last places in Asia people would expect to see a thriving beachside resort with luxury hotels.
And yet, Cox’s Bazar is exactly that — a place where affluent Bangladeshis go for a weekend of seaside fun. During the high season, when the monsoon rains are not pounding the country, the beach is filled with Read more
Property tax from next year
February 27, 2011
Tax to reduce rich-poor difference: NBR
The government is going to introduce property tax next year, the National Board of Revenue (NBR) said on Sunday.
“The plan is to start collecting the tax from the beginning of 2012-2013 fiscal year, meaning July next year,” NBR Chairman Nasiruddin Ahmed said during a press conference at Read more
‘Unethical practices to come under probe’
February 27, 2011
Stocks Crash
‘Unethical practices to come under probe’
The committee formed to probe the recent share market debacle will investigate matters that are ‘unethical, but not illegal’.
Committee chairman Khondker Ibrahim Khaled said on Sunday they would also make recommendations so that such practices could be avoided in the Read more
SEC reduces margin loan ratio to 1:0.5
November 22, 2010
The Securities and Exchange Commission, in a move to cool down the overheated market, decided on Sunday that investors from now on would get margin loans at the ratio of 1:0.5 instead of 1:1, said SEC executive director Forhad Ahmed.
The capital market watchdog directed the merchant bankers Read more