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Thursday, 5 December 2013
Standard Bank Board Meeting Held
The 216th Board Meeting of Standard Bank Ltd was held recently in the Board Room of Head Office of the bank.
Kazi Akram Uddin Ahmed, Chairman of the Board of Directors of the Bank presided over the meeting.
It was attended by Vice Chairman of the bank Ashok Kumar Saha & Directors Messers- Kamal Mostafa Chowdhury, Ferozur Rahman, SAM Hossain, Mohammed Abdul Aziz, Gulzar Ahmed, M Zahidul Haque, Al-haj M Yousuf Chowdhury and M Faikuzzaman.
Amongest others Managing Director M Nazmus Salehin, DMD & Group Company Secretary AFM Nizamul Islam Chowdhury & DMD Mamun-ur Rashid were also present in the meeting.
The Board took various important decisions regarding Bank’s investment policy in the field of Trade, Commerce and Industries and approved proposals received from different branches in respect of financing of working capital for Industries & other import, export & commercial trading businesses.
1,667 smartphones seized at Shahjalal
A total of 1,667 smartphones worth around Taka seven crore have been in cargo area at Hazarat Shahjalal International Airport.
Dhaka Customs House Assistant Commissioner Kamrul Hasan on Tuesday told banglanews that they seized the haulage on Sunday.
He said some 99 i-phone 5, 77 i-phone 5X, 70 Galaxy S4, 200 htc and numbers of Blackberry, Sony Xperia and Nokia Lumia were seized by the customs authority from a haulage by Shah Shafi associates.
The Hong Kong based export-import enterprise brought the mobile-phones in the name of computer accessories.
ACC quizzes 7 BB officials
The Anti-Corruption Commission (ACC) on Wednesday has quizzed seven top officials of Bangladesh Bank over Hall-Mark loan scam.
An ACC investigation team led-by ACC Senior Deputy Director Mir Joynul Abedin Shibli quizzed them at Anti-Corruption Commission Headquarters in the capital.
The officials are Joint Director Monir Ahmed Sikdar, Deputy Director Anwar Hossain, Assistant Director Muhammad Abdullah-Al-Mamun, Deputy Director Rezaul Islam, Deputy Director Hasan Askari Bhuiyan, Joint Director Siddikur Rahman and Deputy Director Kazi Arifur Rahman.
ACC filed 38 cases over the Hall-Mark loan scam. Amongst those, 27 cases were filed for embezzling Tk 372 crore.
Besides, the investigation is underway in the case of embezzling Tk 3,606 crore from state-run Sonali Bank with the help of bank’s high-ups by little-known Hall-Mark Group and five other companies.
On October 7, the ACC submitted charge sheet against 26 suspects in 11 cases for embezzling Tk 1,568 crore.
A central bank probe found that Sonali Bank high-ups, including a deputy managing director, a general manager and the branch manager, were directly involved in the scam.
Monday, 2 December 2013
October ends with 111.8m mobile subs
Grameenphone brought its customer base to 46.66 million from 46.04 million a month earlier and Banglalink ended November with 28.39 million customers, up from 28.10 million, figures from the Bangladesh Telecommunication Regulatory Commission (BTRC) show.
Robi Axiata had 24.83 million subscribers in October, similar to September, and Airtel mobile base went up to 8.23 million from 8.03 million.
Citycell`s customer base increased slightly to 1.34 million from 1.33 million in September while state-run mobile operator Teletalk had 2.34 million customers in October, the same as in the prior month.
Sunday, 1 December 2013
FBCCI laments damage to economy
The country is headed for economic ruin at least in the immediate future
unless this politics of destruction is stopped," the FBCCI statement
said.
It said: "We can never support an agitation that aims at burning and killing people. But we also believe large scale arrests to contain the violence can offer a solution."
The FBCCI urged the political leaders to consider the larger context of the country's economy and need for public order and give up the violent agitation without any further delay.
The country is in the grip of a 72-hour Opposition blockade from early on Saturday after a 72 hour blockade that ended early on Friday.
"These blockades are disrupting transport, inconveniencing livelihoods of millions of people, specially the poor, and, above all, ruining the education of millions of students. This has caused huge anxiety amongst parents of the students," the FBCCI statement said.
It said: "We can never support an agitation that aims at burning and killing people. But we also believe large scale arrests to contain the violence can offer a solution."
The FBCCI urged the political leaders to consider the larger context of the country's economy and need for public order and give up the violent agitation without any further delay.
The country is in the grip of a 72-hour Opposition blockade from early on Saturday after a 72 hour blockade that ended early on Friday.
"These blockades are disrupting transport, inconveniencing livelihoods of millions of people, specially the poor, and, above all, ruining the education of millions of students. This has caused huge anxiety amongst parents of the students," the FBCCI statement said.
200 trucks stranded at Mawa
The BNP-led 18-Party alliance had called for the 72-hour blockade,
starting from 6am on Saturday, after its 71-hour blockade ended at 5am
on Friday.
The 200 trucks with perishable goods have been trapped on Mawa-Kewrakandi river route on the first day of the blockade.
These trucks are carrying agricultural goods worth millions.
The goods will start to rot, if the trucks remain stuck, stakeholders say.
The truck drivers also fear petrol bomb attacks.
One of them, Alamgir Hossain said, “I have been stuck here since Friday, when I crossed the Padma river.”
“I am bound for Chittagong from Satkhira with fish in my truck.”
The whole truckload of fish will perish if he was stranded here for three days, Hossain feared.
Another truck driver Md Babu worried about food and stay which would cost him quite a bit if his truck remains stranded for three days.
“I will not get any extra payment for these days and so I am worried.”
“They (political parties) should think of alternatives, they should not hit at our daily bread and butter with strikes and blockades.”
Situation is not different for truck drivers Md Shahin Mia, Nurul Islam and Shafiq Dewan. Some of them are stuck with vegetables and others with fish or other perishable commodities.
Over 200 vehicles were stranded on both sides of the Mawa terminal, despite adequate numbers of ferries, said BIWTC Assistant General Manager Ashikuzzaman.
“Trucks are coming from that side and getting stuck at Mawa side due to blockade.”
Adequate measures had been taken to ensure security of the trucks, he added.
The 200 trucks with perishable goods have been trapped on Mawa-Kewrakandi river route on the first day of the blockade.
These trucks are carrying agricultural goods worth millions.
The goods will start to rot, if the trucks remain stuck, stakeholders say.
The truck drivers also fear petrol bomb attacks.
One of them, Alamgir Hossain said, “I have been stuck here since Friday, when I crossed the Padma river.”
“I am bound for Chittagong from Satkhira with fish in my truck.”
The whole truckload of fish will perish if he was stranded here for three days, Hossain feared.
Another truck driver Md Babu worried about food and stay which would cost him quite a bit if his truck remains stranded for three days.
“I will not get any extra payment for these days and so I am worried.”
“They (political parties) should think of alternatives, they should not hit at our daily bread and butter with strikes and blockades.”
Situation is not different for truck drivers Md Shahin Mia, Nurul Islam and Shafiq Dewan. Some of them are stuck with vegetables and others with fish or other perishable commodities.
Over 200 vehicles were stranded on both sides of the Mawa terminal, despite adequate numbers of ferries, said BIWTC Assistant General Manager Ashikuzzaman.
“Trucks are coming from that side and getting stuck at Mawa side due to blockade.”
Adequate measures had been taken to ensure security of the trucks, he added.
Forex reserves fall by $17.11 bln in Nov
Reserves turn down in November due to bi-monthly import payments to the Asian Clearing Union totaling about $800 million, the central bank said on Sunday.
According to data, the country’s exports in the period from July to October increased 16.5 percent on the year to $9.75 billion, rose by clothing sales, as the low-cost country retains its allure for cost-crunching global retailers.
Economic growth is expected to slow to less than 6 percent in the year to June 2014 from 6 percent the previous year for political instability ahead of elections scheduled for January 5.
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