Wednesday, 06 Jul, 2022

Business

I will resign if PM desires, says Biman Chairman

DHAKA: The beleaguered Chairman of Biman Bangladesh Airlines, Air Marshal (retd) Jamal Uddin Ahmed, Wednesday said he would resign if Prime Minister Sheikh Hasina desired so. He made the reaction following a letter sent to the Premier by Civil Aviation and Tourism Minister GM Quader

Soul-searching: ÔÇÿDisparity diminishes glory of poverty reductionÔÇÖ Poverty level down at 38.7%

DHAKA: Though the country is on track in achieving the millennium development goals, growing disparities between the rich and the poor diminish the glory of achievements. The evaluation came in the progress report on the universally designed millennium development goals or MDGs in

Income tax to be paid within Sep 30: Finance Minister

DHAKA: Finance Minister AMA Muhith Wednesday said from now on income tax would have to be paid within September 30 every year to ease the tax-payment process, as the government devised ways of enhancing revenues.“Government’s expenditure is increasing with the extension of time. The

Bhola exports Tk 7 crore hilsha a day

BHOLA: Three months of the season gone past dull, maritime fishing communities laughed the late laugh with shoals of shining hilsha fish trapped onto the net.       Particularly, the fishermen of Bhola kept making huge catches in the coastal Tentulia River late in the season. Each

Import of 30,000 mt rice from India under process

DHAKA: The government has completed preparation for importing 30,000 tonnes of `non-basmati’ boiled rice from India through international tender under a contingency plan.Messrs Amsons International of India would supply the rice through Chittagong and Mongla seaports, official sources

Loot at DCC revenue office, no investigation so far

DHAKA: The officers and the general employees of Mirpur regional revenue office of Dhaka City Corporation lamented that police and DCC authorities didn`t try to unearth the mysterious plunder in the office even after the lapse of a month. They said no investigation committee has yet been

Finance minister opposes extension of eid holiday

DHAKA: Finance Minister AMA Muhith has taken his position against extension of the Eid holiday proposed in view of the hassles and rush homebound people pass through perennially. Besides, he does not want to see newspapers out of the newsstand for three to four days during Eid

Multi Securities to raise paid-up capital for more investment by shareholders

DHAKA: Multi Securities Limited has applied to Securities and Exchange Commission for permission to raise the company’s paid-up capital for more investment by the share traders on the stock-market.Abdul Awal, Managing Director of Multi Securities, placed the plea with the SEC chairman

IMF sells 10 tonnes of gold to Bangladesh

The International Monetary Fund said on Thursday it sold 10 tonnes of gold to the central bank of Bangladesh this week, its first sale after a 10-month hiatus, as a volatile U.S. currency draws holders to bullion.An uncertain outlook for two of the world`s major reserve currencies -- the

Govt. receives Tk 5500 crore from China for fertilizer and telecom

DHAKA: China will give Tk 5600.77 crore in hefty loan for setting up a fertilizer factory and developing the telecommunications sector of Bangladesh, said a source in the ministry of finance.Of the proposed loan, Tk 4200 crore would be spent on the setting up of the fertilizer factory

Capital market to be brought under money laundering act

DHAKA: The government is going to bring the country’s capital market along with non-banking financial institutions under the money-laundering act soon in a bid to prevent such kind of financial crimes.“An action plan to this effect has been taken to amend all kinds of laws related to

TCB goes for fair-price trading of goods

DHAKA: A proposal from the Trading Corporation of Bangladesh waits for vetting by the Commerce Ministry for fair-price sale of goods under their own management round the year to keep prices of daily necessaries within the buying capacity of the people.A source in the TCB said that the

Export sector earns $182 crore in July

DHAKA: Commerce Ministry Tuesday declared that the country earned $ 181.78 crore from the export sector last July, marking a robust growth at the outset of the new fiscal year.The export earning is 26.49 percent higher compared to the turnover during the same period of last fiscal year,

Govt gears up privatization drive<br> Losing or laid-off enterprises to go into private hands

DHAKA: The sluggish privatization programme is going to gain pace again as the new industrial policy removes the roadblocks to transfer of the losing or laid-off enterprises to private owners. A meeting held at the Prime Minister’s Office on April 22 with PM’s Principal Secretary MA

DSE warns defaulting listed firms

DHAKA: Dhaka Stock Exchange has warned nine listed companies of hefty fines and unspecified action after the firms failed to pay annual listing fees for years, officials said Tuesday.The nine companies owe the country’s premier bourse 1.48 million taka in unpaid fees and accumulated

3rd Karnaphuli Bridge made mostly by BSRM

CHITTAGONG: The 3rd Karnaphuli Bridge in the port city was built mostly with the rods of Bangladesh Steel Re-rolling Mills (BSRM), a leading steelmaker of the country.Prime Minister Sheikh Hasina is expected to inaugurate the bridge at 11am Wednesday.A total of 2700 metric tonnes of iron

Few people are beneficiaries of our economy: Dr Kholiquzzaman

DHAKA: Eminent economist Dr Quazi Kholiquzzaman Ahmad Monday opined that the common people of the country are not the beneficiaries of the economic growth though the economy is advancing rapidly.       "A few people of the country are enjoying all the gains," he said, underlining

SEC asks companies to adjust loan by Sep 30

DHAKA: The Securities and Exchange Commission ordered all the listed companies on the stock market to adjust their margin loans based on market value and Net Asset Value (NAV) by September 30.The decision came from a meeting of SEC’s market-review committee with Dhaka and Chittagong

Income tax pay online begins Sunday

DHAKA: Finance Minister Abul Mal Abdul Muhith paid first as the country’s complicated old system of income-tax payment went online Sunday, in a major step forward in digitizing Bangladesh.     The National Board of Revenue began collecting income-tax returns online. To begin with,

WMS to build first-ever dredger ship

CHITTAGONG: Western Marine Shipyard (WMS), one of the leading shipbuilding companies in the country, is going to be the trailblazer in making international-standard dredger ship at home.A joint-venture company named ‘IHC-Western Shipyard’ was established for this engineering marvel