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Fareast Finance dividend declared

The Board of Directors has recommended 10 per cent cash dividend and 2.5 per cent stock dividend for the year ended on December 31, 2014. dse cseDate of AGM: 25.03.2015, Time: 10:00 AM, Venue: Bashundhara Convention Center-2, Block-C, Umme Kulsum Road, Bashundhara Residential Area, Baridhara, Dhaka-1219. Record date: 26.02.2015. The Company has also reported EPS of Tk. 1.93, NAV per share of Tk. 13.00 and NOCFPS of Tk. (1.22) for the year ended on December 31, 2014.

4 Bangladeshis killed in Oman factory fire

Four Bangladeshis were killed in a fire at a sofa factory in Oman early today. Of them, two have been identified as Ruhul Amin, of Mymensingh, and Md Shipon, said Mohsin Chowdhury, director at Wage Earners Welfare Board. [caption id="attachment_12968" align="alignleft" width="300"]Oman Fire PublicPublic Authority for Civil Defence and Ambulances has brought the fire under control. Photo taken from PACDA twitter account[/caption] Officials at Bangladesh embassy in Muscat visited the spot to collect more information about the incident, he added. ...

Taslima lambasts Mamata on Bangladesh visit

West Bengal chief minister Mamata Banerjee’s Bangladesh visit from Feb 19 to 21 has caught the ire of controversial Bengali writer Taslima Nasreen, who has alleged that the CM was shielding Muslim fundamentalists in the state. TaslimaMamata Banerjee will lay floral wreaths at the Shaheed Minar in Dhaka to commemorate those university students who fell to police bullets on February 21, 1952 while demanding recognition of Bengali as one of the two national languages of then undivided Pakistan. February 21 is observed as International Mother La...

BD Telecommunications Report Q2 2015

Bangladesh's telecommunications market continues to be challenging, although BMI believes that there is scope for growth . T here is no clear delineation between the regulatory duties of the government and the independent regulatory authority, making it difficult for new services and products to be approved in a timely manner. telecomHowever, the government intends to overhaul the regulatory system and bring greater clarity to routes to market for all players. BMI does not expect rapid progress to be made, particularly while the state-owned play...

Tea prices drop amid political unrest

Tea prices in Bangladesh declined for the second straight week at a weekly auction on Tuesday due to sluggish local demand amid political unrest that disrupted supplies. teaBangladesh has been racked by political violence since anti-government protests turned violent last month over a disputed election a year ago. More than 80 people have died and hundreds have been injured, most of them in firebomb attacks on vehicles, amid a violent nationwide transport blockade by the main opposition party aimed at toppling the government. Demand from local buye...

ICC workshop for BD Bankers in Colombo

International Chamber of Commerce (ICC) – Bangladesh, The world business organization is organizing jointly with ICC Sri Lanka a Workshop on International trade Finance : Rules and Tools, operations, legal cases and proven trade finance strategies in Sri Lanka on 13-15 February for Bankers from Bangladeshi banks. A total 106 bankers from 19 Banks including Bangladesh Bank, 18 commercial banks and Bangladesh Institute of Bank Management (BIBM). ICCB-300This is for the second time that ICC Bangladesh is organizing such a workshop outside the country. Some...
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