NEWS OF THE DAYAsian markets were mixed on Thursday while the dollar resumed its upward march against the yen after the Federal Reserve wound up its vast bond-buying scheme and reiterated its plan to keep interest rates at record lows.
The government's massive development plan witnessed a major setback as the implementing agencies demonstrated a poor performance during the first quarter of the current fiscal. Latest official data suggests that ADP implementation dipped to four-year low, 9 percent, in Q1 ending September, much down from 11 percent posted in the first quarter of last fiscal year. The implementation rates were 13 percent and 11 percent in the corresponding period of previous two fiscals. Implementing agencies have so far managed to spend Tk 7,025 crore, excluding self-financed projects of the public corporations, from a total ADP outlay of Tk 80,315 crore for 2014-15FY. According to economic analysts, this fiscal's ADP included a... more ›
The government on Thursday instructed the concerned departments to withdraw wires hanging on the roadsides in the capital within seven days. The government gave the instruction to the Dhaka Power Distribution Company (DPDC) and the Dhaka Electricity Supply Company Ltd (DESCO) during an inter-ministerial meeting. State Minister for Power and Energy Nasrul Hamid chaired the meeting held at Biddut Bhaban. Power Division Secretary Monowar Islam attended the meeting, among others. The BTRC (Bangladesh Tele Regulatory Commission), the BTCL (Bangladesh Telecommunications Company Limited), Internet Service Provider (ISP), Nationwide Telecommunication Transmission Network, Cable TV Operators and representatives of different ministries attended the meeting. Nasrul Hamid said concerned authorities would face lawsuit if they... more ›
Dhaka Stock Exchange (DSE) saw a sharp rebound on Thursday to close the week upward with all market indicators substantially recovering the past two sessions’ losses. DSEX, the broader price index, regained 63.80 points to finish the week at 5173.2. The two selective indices - the blue-chip DS30 and the Shariah DSES - returned to the positive zone with 30.15 points and 17.20 points gain respectively. The DS30 ended the week at 1949.47 when the DSES closed at 1220.04, reports BSS. The market activities shoot up with nearly 33 per cent rise in the trade value and over 44 per cent in volume when 17.92 crore shares worth Taka 724.84 crore changed hands.... more ›
Commerce Minister Tofail Ahmed on Thursday said the government has attached highest priority to mainstreaming the challenged people through making them efficient workforce for ensuring inclusive development in the country. “Like other people, physically challenged people are getting equal opportunities to flourish their talent to become worthy citizen of the country,” he told a seminar on “Inclusive development: mainstreaming the challenged people” at Bangabandhu International Conference Centre here, reports BSS. Palli Karma-Sahayak Foundation (PKSF) organized the seminar as part of celebrating its 25th founding anniversary. Officials, rights activists, representatives of different non-government organizations, among others, took part in the open discussion with member of board of directors of PKSF Munshi Foiz Ahmed... more ›
Bangladesh Bank (BB) on Thursday said all readymade garment (RMG) exporters outside the Export Promotion Zones (EPZs) are entailed to get additional cash incentive at the rate of 0.25 per cent. The central bank in a circular issued Wednesday said the apparel exporters including those are enjoying tariff bonds and duty drawback facilities will get the cash incentive as per its earlier directive issued on June 8 this year, reports BSS. The circular was issued to remove confusion that had been appeared in the garment sector about the RMG exporters eligible for the incentive, a BB official told BSS on Thursday. He clarified that the clothing producers and exporters inside the EPZs,... more ›
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