Archive for May, 2013

Making garment factories trouble-free

BANGLADESH is the world’s second biggest apparel exporter with overseas garment sale topping $20 billion last year. The amount is 80 per cent of the total exports of the country. Most of our garment products go to the United States and Europe. The garment industry employs over four million people, many of them young women. The industry is crucial to […]

May 31, 2013 · 0 comments · Op-Ed

MOOCs and the future of education

MOOCS are not without problems. Thousands of students from around the world sign up but drop out as soon as challenged by the first MOOC tests and quizzes. The dropout rate, in fact, hovers around 90 per cent! However, with the recognition of the certificate of completion of MOOCs by universities and companies, the retention rate is increasing dramatically, writes […]

May 31, 2013 · 0 comments · Op-Ed

America can help fix the world by fixing itself

FIVE years into the global financial crisis, the US and global economies remain mired in a weak-growth, low-inflation, high-unemployment environment. Debt busts such as 2008-09 are hard to exit from, and recoveries are long and painful. However, three complicating factors make the current environment even more challenging. First, economic growth models lie broken across developed and emerging economies alike, with […]

May 31, 2013 · 0 comments · Op-Ed

Defaulted industrial loan soars by 96pc in 9 months

The defaulted loan in the industrial sector skyrocketed by 95.96 per cent in the first nine months of the current fiscal year compared with that in the same period of the FY 2011-12 when it decreased by 7.52 per cent, according to the latest Bangladesh Bank data. BB officials told New Age on Thursday that banks increased industrial loan disbursement […]

May 31, 2013 · 0 comments · Business

Online purchase of goods, services: BB allows overseas payment with int’l credit card

The Bangladesh Bank on Thursday decided to allow international credit cardholders to purchase goods and services online in foreign currency. The BB in a circular said that the cardholders could spend $1,000 a year in addition to unused yearly travel quota under the online payment system. A Bangladeshi citizen can carry $2,000 in travelling to the SAARC countries and $5,000 […]

May 31, 2013 · 0 comments · Business

RMG accord: Inditex, PVH, N Brown to join hands

Inditex SA, Calvin Klein-owner PVH Corp, UK clothier N Brown Group Plc and three other companies will team up with union members to oversee the implementation of the Bangladesh fire and building safety accord, reports Bloomberg. A representative from each of the companies will work with six members from the IndustriAll union for garment workers, the UNI global union representing […]

May 31, 2013 · 0 comments · Business

BTRC scraps plan to appoint consultant for 3G auction

The Bangladesh Telecommunication Regulatory Commission on Monday formed a 16-member committee to manage auction of the 3G licence as its move to appoint consultant for the job failed to bring any positive result. The BTRC in two phases called expression of interest from parties willing to manage the 3G licence auction scheduled for July 31, but the firms or individuals […]

May 31, 2013 · 0 comments · Business

BBS GDP estimate: Muhith at it again

The finance minister, AMA Muhith, on Thursday once again differed with the Bangladesh Bureau of Statistics estimate on the country’s GDP growth of 6.03 per cent for the current fiscal year saying that the growth would not be less than 6.3 per cent. The minister did the same thing in the previous financial year 2011-2012 when he had ditched the […]

May 31, 2013 · 0 comments · Business

IMF wants improved labour condition in RMG sector

The International Monetary Fund on Thursday asked the government to ensure better work environment in the readymade garment sector. The IMF, while releasing $136.6 million loan, the third tranche under the Extended Credit Facility deal, said, ‘continued improvement in labour conditions in the garment sector, in coordination with international business and development partners, would be welcomed.’ Bangladesh, second largest garment […]

May 31, 2013 · 0 comments · Business

Demutualisation: BSEC to count bourses’ accounts till March 31 for revaluation

The Bangladesh Securities and Exchange Commission has asked the Dhaka and Chittagong stock exchanges to complete revaluation of the burses for demutualisation on the basis of the accounts ended on March 31. The BSEC in a meeting on Sunday asked top officials of the bourses to comply with this order. DSE chief executive officer Swapan Kumar Bala, chief financial officer […]

May 31, 2013 · 0 comments · Business

BB fund allocation move drives stocks for 4th day

Dhaka stocks advanced for the fourth straight trading session on Thursday riding on the Bangladesh Bank’s announcement to allot funds to the stock market for implementing the refinancing scheme for the affected investors. DSEX, the benchmark general index of the Dhaka Stock Exchange, gained 0.59 per cent, or 22.92 points, to finish at 3,878.07 points. The DSEX has now gained […]

May 31, 2013 · 0 comments · Business

Institutionalisation of ADR will raise confidence of investors: minister

Commerce minister Ghulam Quader on Thursday said that institutionalisation of ADR in the country will raise confidence of the investors. He was speaking at the concluding session of the foundation course in mediation organised by the Bangladesh International Arbitration Centre and Centre for Effective Dispute Resolution, UK at Ruposhi Bangla Hotel in the city, said a press release. He acknowledged […]

May 31, 2013 · 0 comments · Business

Legal notice served on NSC, BCB seeking election

The National Sports Council and the Bangladesh Cricket Board were served with a legal notice on Thursday asking why they should not take initiative of holding an election to the cricket oversight body. Barrister Mahbub Shafique served the notice on behalf two former BCB councilors, Reaz Ahmed Babu and Moshiur Rahman, known as close aides to former BCB director Dewan […]

May 31, 2013 · 0 comments · Sports

Kruif’s presence in Super Cup a possibility

The Bangladesh national football team’s Dutch head coach, Lodewijk de Kruif might tour Dhaka in the middle of June to observe the local players’ condition in the upcoming Super Cup. The Bangladesh Football Federation invited de Kruif to monitor the Super Cup, which is scheduled to begin on June 14, in order to select the national team for the forthcoming […]

May 31, 2013 · 0 comments · Sports

Stosur beats Paris rain

Former finalist Samantha Stosur and three-time semi-finalist Jelena Jankovic beat torrential Paris rain to reach the French Open third round Thursday. After a one hour, 40 minute halt had left ninth-seeded Stosur a set and 4-1 up on France’s Kristina Mladenovic, the Australian then took advantage of a 20-minute window on their return to Court Philippe Chatrier to complete a […]

May 31, 2013 · 0 comments · Sports

Nat’l age level athletics from June 2

The 29th National Age Level Athletics Championship will begin on June 2 at the Bangabandhu National Stadium with more than 600 athletes taking part in the two-day meet. The Bangladesh Athletics Federation has received Tk 3.5 lakh from title sponsor Walton which will also provide an additional Tk 1.5 lakh for the meet’s branding and advertisement purpose, it was informed […]

May 31, 2013 · 0 comments · Sports

Sharif hangs up his boots

Former Bangladesh national team midfielder Enamul Haque Sharif announced his retirement from professional football at the age of 32 due to a knee injury. Sharif, who led Sheikh Jamal Dhanmondi Club in the ongoing season, informed his decision to the reporters on Thursday. ‘I incurred a knee injury during the middle of the league campaign and after that I tried […]

May 31, 2013 · 0 comments · Sports

Pioneer football prize money distributed

The pioneer league committee of the Bangladesh Football Federation finally awarded the prize money of the Dhaka City Corporation pioneer football league on Thursday after the conclusion of the league six months ago. The Pioneer League began on October 9 and ended with the final between Khilgaon Football Academy and Matuiyal Udayan Sangsad on December 19. Khilgaon prevailed in the […]

May 31, 2013 · 0 comments · Sports

Zia, Razib, Parag earn 1.5 points each

Bangladeshi GM Ziaur Rahman, GM Enamul Hossain Razib and FM Mehdi Hasan Parag earned 1.5 points each after the 2nd round matches of the 6th Mayor Cup International Open Chess Tournament held in the Indian city of Mumbai on Thursday. Two other Bangladeshi players FM Debaraj Chatterjee and Kazi Mahbub Afzal earned one point each after the 2nd round matches. […]

May 31, 2013 · 0 comments · Sports

Mother, son explore nature through art

The mother and son artist-duo have adored nature in their artworks using different mediums—the mother Ferdousy Priyabhashini upholds nature through sculptures and installations while her son Karu Titas depicts nature in abstract and semi-abstract paintings. Priyabhashini has dealt with nature through the use of branches, trunks and roots of dead trees; bamboo; soil and even living plants in her 93 […]

May 31, 2013 · 0 comments · Timeout

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