• Death sentence execution warrant for Quader sent to jail
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  • A file photo shows labourers carrying jute to a private jute mill at Demra in Dhaka. — New Age photo

  • MA Kalam

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Muhith snubs jute ministry plan for low-cost loan for pvt mills

A file photo shows labourers carrying jute to a private jute mill at Demra in Dhaka. — New Age photo
Finance minister AMA Muhith has rejected proposals of textile and jute ministry seeking low-cost bank loans to revive the ailing private jute mills in the country and a provision for keeping their defaulted loans blocked for five years in special accounts. Full story

NBR customs intel wing hamstrung by godown shortage

Drives against tax evasion and smuggling by the Customs Intelligence and Investigation Directorate of the National Board of Revenue have almost remained halted due to lack of godown for keeping the seized goods, officials concerned said. Full story

CCCI demands loan interest write-off to offset losses

The Chittagong Chamber and Commerce Industry on Saturday urged the government to write off loan interest and not to declare any business establishment as loan defaulter if it failed to repay the instalment on time until... Full story

BB, customs to exchange real-time export, import data

The Bangladesh Bank and the customs department will exchange export and import related data through an online system on real time basis from next week to check money laundering and financial anomalies, officials of the central bank said. Full story

No fear of ‘Mandela crash’ for Africa’s largest economy

Economists slapped down speculation that Nelson Mandela̢۪s death could prompt an economic and financial slump in South Africa, but warned the gains he inspired remain fragile. Full story

GP network tumbles for an hour in some areas

Subscribers of Grameenphone faced network disruption in some areas of the Dhaka city for more than an hour on Saturday evening. GP users located in Tejgaon, Moghbazar, Dhanmondi and Mirpur alleged that they could not make or receive... Full story

Trade pact deadline in doubt as talks start in Singapore

Trade ministers from the United States and 11 other countries opened talks Saturday in an attempt to meet a US deadline to forge a trans-Pacific trade pact before the end of the year. Full story

Traditional graduates need further skills development

MA Kalam
MA Kalam, chief executive officer of LCBS Dhaka, in a recent interview with New Age, has said traditional graduates need further skills development to cope with international standard. Interviewed by Ahmed Shawki New Age: What is the present condition... Full story

DSEX gains but turnover plunges amid unrest

Dhaka stocks gained last week due to a BSEC decision which relaxed provisioning rule after a fall in the previous week, but the turnover plunged in the week amid political violence across the country. Full story

Meghalaya proposes 22 border markets with Bangladesh

Meghalaya is keen to set up 22 more border ‘haats’ (markets) along the India-Bangladesh border to create economic opportunities for the people living along it, reports Times of India. Full story

Nobel economics winner Fama says risk of global recession in 2014

One of the three Americans who won this year̢۪s Nobel prize for economics said bloated public deficits on both sides of the Atlantic meant that recession remained a real risk for 2014. Full story


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