Sunday February 25, 2018 01:47 PM

  • Rice import duty doubled

    Rice import duty doubled

    The National Board of Revenue (NBR) has doubled the regulatory duty on rice import to 20% from the existing 10% to ensure fair price for local farmers.

    The customs wing of the NBR on Monday issued a statutory regulatory order (SRO) signed by NBR Chairman Nojibur Rahman to the effect of the duty hike.

    According to the decision, 20% duty will be imposed on husked (brown) rice, fortified rice kernels, broken rice, and on semi-milled or wholly milled rice, whether or not polished or glazed during import stage.

  • BSRM Steel starts production after BMRE

    BSRM Steel has started production with enhanced capacity after successful completion of BMRE (balancing, modernisation, rehabilitation and expansion) work.

    This is considered as having reached a major milestone by the country’s largest steel manufacturer based in Chittagong, which is a sister concern of BSRM Group.

    The production commenced on Monday.

  • VRS withdrawal in merger plan may hurt employees’ interest

    The removal of Voluntary Retirement Scheme in merger proposal of Robi Axiata Ltd and Airtel Bangladesh Ltd could hurt the interests of the employees, said a BTRC official.

    He said the BTRC wanted to continue the employees’ scheme, but had to exclude the option due to immense pressures from the authorities of the two mobile phone operators.

    In September, Robi and Airtel applied to the Bangladesh Telecommunication Regulatory Commission (BTRC) for permission to merge.

  • Ecnec okays 10 projects of over Tk7,000cr

    The Executive Committee of the National Economic Council (Ecnec) yesterday approved 10 development projects involving Tk7,276 crore in power, energy and communications sectors.

    The approval came from a meeting of the government’s highest policy-making body at NEC conference room in city’s Sher-e-Bangla Nagar area with Prime Minister Sheikh Hasina in the chair.

    Planning minister AHM Mustafa Kamal informed journalists after the meeting.

  • IBA bags first prize in Battle of Minds contest

    IBA bags first prize in Battle of Minds contest

    Institute of Business Administration (IBA), Dhaka University’s team ‘Van Gogh’ bagged the first prize of Battle of Minds 2015, says a press release yesterday.

    The annual competition is a prestigious event of British American Tobacco Bangladesh (BATB) for recruitment of talented individuals in the industry.

    ‘Desert Fox’ from Islamic University of Technology (IUT) became the first runner up while IBA, University of Dhaka’s another team `Dabom!’ bagged the second runner up award.

  • Stocks fall for 2nd day

    Stocks closed lower for the second consecutive day yesterday with a low volume of trade.

    The market opened higher in the morning, but slipped into negative immediately as quick profit booking continued mainly on heavyweight stocks.

    The benchmark index DSEX lost 14 points or 0.4% to close at 4,593. 

    The Shariah index DSES shed 4 points or 1,110. The blue chip comprising index DS30 settled at 1,749, dropping 7 points or 3%.

    The Chittagong Stock Exchange Selective Category Index CSCX fell 23 points to 8,534.

  • Child dies after falling in manhole

    A five-year-old child died yesterday after falling in an uncovered manhole in the capital’s Shyampur area.

    Fire fighters tried to rescue the boy, Ismail Hossain Nirob, for almost four hours, but their efforts were made difficult by the strong water flow inside the sewer pipes.

  • Probe team from Dhaka visits Kantaji blast site

    A team of Criminal Investigation Department (CID) and Special Branch (SB) of police from Dhaka visited the scene of the blast in Dinajpur’s Kantoji Temple premises yesterday, but local law enforcers said there has been no progress in the probe so far.

    Assistant police superintendent of Dinajpur, Sujan Sarker, told the Dhaka Tribune that the visiting CID-SB team spoke to locals as well as temple and fair authorities. But there has been no arrest or progress in the case, he added.

  • Shahadat granted bail

    The High Court has granted bail to Kazi Shahadat Hossain, a suspended national cricketer, in a case filed against him for torturing his domestic help.

    The bench of Justice M Enayetur Rahim and Justice Md Amir Hossain granted the bail yesterday until March 31.

    The court also issued a rule upon the government asking why Shahadat would not be granted regular bail in the case. The government has been asked to respond to the rule within three weeks.

    On October 5, Shahadat surrendered before a Dhaka court.

  • Trump’s latest tirade: Bar Muslims from entering the US

    Republican frontrunner Donald Trump called Monday for a “total and complete shutdown” of Muslims entering the United States, unleashing some of the most provocative and divisive remarks of his controversial presidential campaign.

    The stunning statement followed last week’s mass shooting in California by a Muslim couple believed to have been radicalised by extremists, and landed with a thunderclap just as fellow presidential candidates were contemplating ways to improve national security.

  • HC upholds death sentence in 2009 schoolgirl murder case

    The High Court yesterday upheld a trial court verdict that awarded death sentence to one and life imprisonment to four in a 2009 murder of a schoolgirl in the capital.

    The HC bench of Justice Bhabani Prasad Singha and Justice SM Mozibur Rahman delivered the verdict rejecting the convict’s appeal and accepting the death reference.    

  • AL to face tough fight in Dhunot, Sarikandi

    The Awami League leadership in Bogra is confident that the nominated mayoral aspirants will defeat the party’s rebels and other candidates in Dhunot and Sarikandi municipality polls slated for December 30.

  • Ajmiriganj municipality’s wait for a poll continues

    As municipalities across the country head to the polls on December 30, the Ajmiriganj municipality in Habiganj will continue its 11-year wait for an election.

  • Bangladesh seeks clear finance, technology deal

    Bangladesh wants world leaders to clarify the finance and technology sharing provisions of the climate change agreement expected to be adopted in Paris on Friday.

    “Finance and technology are obviously the most critical elements,” Environment and Forest Minister Anwar Hossain Manju told the high-level segment of the COP21 in Paris on Monday evening.

    He raised the demand as the heads of delegation began negotiating critical issues that remain unresolved after the first segment of the official negotiation ended last week.

  • Knitwear exporters says, non-tariff measures harm business capabilities

    Different non-tariff measures are harming the business capabilities of the knitwear manufacturers and exporters of the country, despite some reductions of tariffs in the international trade, BKMEA officials has said. 

    They said the developed countries are increasingly introducing non-tariff measures including anti-dumping, countervailing, safeguard measures etc. 

  • Bangladesh mounts pressure for GCF grants, but unlikely to get in Paris

    Bangladesh mounts pressure for GCF grants, but unlikely to get in Paris

    Bangladesh maintains its position to get finance from the Green Climate Fund (GCF) as grants as the ministers continued negotiation in reaching a consensus on the issues still remained unsettled at the UN climate change conference in Paris yesterday.

    Member of Bangladesh delegation Dr Hassan Mahmud, chairman of the Parliamentary Standing Committee on Environment and Forests Ministry, stated the country’s stance at a press conference at the COP21 venue.

  • CEPZ factories choke Chittagong bus services

    Every day during the morning and evening rush hours, office-goers and commuters in Chittagong find that there are not enough buses on the port city streets to carry them to their workplaces and homes.

    As they wait for hours to catch a ride, the public buses that are supposed to operate across different routes – instead stay busy carrying workers of CEPZ factories; they do so as bus owners can get a better profit that way.

  • Grabbers, disease destroying mangrove forests

    Nearly 20,000 acres of mangrove forests in Moheshkhali coastal belt are being destroyed due to an unknown disease in an epidemic form and illegal felling by unscrupulous people following lack of proper monitoring by the authorities concerned.

    According to forest office sources, if the extinction of trees in the forests is going on, the ecology and bio-diversity of the whole region will be affected. Besides, the area, which is situated in the coastal belt, will have to face natural calamities including storm and cyclone.

  • ‘Prosecution has proved that Nizami was a collaborator’

    The lawyer for death-row convict war criminal Motiur Rahman Nizami has admitted before the court that the prosecution successfully proved that his client was a collaborator of the Pakistani occupation forces in 1971.

    The counsel, however, argued that since the government was not trying the Pakistani Army for committing war crimes, it should consider the merit of trying a collaborator for abetting the Pakistani Army in war crimes.

  • Transport strike withdrawn

    The indefinite transport strike in the district, enforced by transport workers from early Sunday protesting plying of illegal vehicles on different roads and highways, was called off yesterday following a fruitful meeting with the administration.

    Panchagarh Motor Owners’ Union and three transport workers’ associations were assured at the meeting that the final decision about their demand will be taken on December 15.

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