Dhaka Regency Hotel celebrates International Mother's Day

Dhaka Regency Hotel and Resort yesterday celebrated the 'International Mother's Day' as elsewhere in the country and the world. The hotel offered a set of unique and surprise lunch buffet and complimentary foot massage to the clients to mark the day.Source: The Daily Star (May 9, 2011)...

Harun reelected as Asia Insurance chairman

Leading business-leader Yussuf Abdullah Harun has been reelected as the chairman of Asia Insurance Ltd, the company said yesterday. The former president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) was reelected at the 83rd meeting of the board of directors at Hotel Sonargaon in the city on May 5.Source: The Daily Star (May 9, 2011)...

Best brands crowned

Nokia was recognised as the best brand in Bangladesh for the second consecutive year and Lux and Grameenphone came out as second and third best brand respectively at the Best Brand Award 2010 programme on Saturday.Bangladesh Brand Forum (BBF), a private organisation, hosted the event to recognise these brands at a gala event at Ruposhi Bangla Hotel . BBF and Nielsen Bangladesh have jointly been initiating the award to promote branding.Nokia, in the mobile handset...

Automated clearing house starts in Barisal

The central bank has launched an automated clearing house in Barisal yesterday for faster settlement of transactions and payment systems as part of its move to digitalise the banking system. Twenty-six branches of scheduled banks in Barisal came under the online system of Bangladesh Automated Clearing House (BACH) at Bangladesh Bank (BB).The system is expected to reduce the settlement time significantly -- from three days to only two hours. "We moved one step ahead...

BB gets HC ruling on Grameen Bank interest

The High Court yesterday ruled upon Bangladesh Bank to explain within four weeks why it should not directed to regulate interest rates charged by Grameen Bank to ensure that the rate is not oppressively high.The bench of Justice Farid Ahmed and Justice M Shawkat Hossain issued the rule after hearing a writ petition filed by Barrister Masood R Sobhan, a lawyer of the Supreme Court.The lawyer filed the petition in the form of public interest litigation on Saturday,...

MCCI urges trade friendly taxation

Metropolitan Chamber of Commerce and Industry (MCCI) yesterday proposed the government take trade and industry friendly taxation measures to assist the productive sectors in the budget for fiscal 2011-12.The chamber asked for simple, flexible and business friendly amendments to any tax and revenue law in its pre-budget meeting with the chief of National Board of Revenue (NBR) at his office."Experiences say that stringent rules and regulations do not help increase...

Imports hurt local poultry

The government is allowing the import of eggs and chicks from India although the local poultry industry suffers losses because of surplus production, alleged egg and chick raisers yesterday.Presently, 1.5 crore pieces of eggs are produced daily against a demand for 1.3 crore pieces. The weekly production of day-old chicks (DOC) of layer and broiler has also exceeded demand. This had lead to a fall in prices of layer and broiler DOC used to produce eggs and meat.Currently,...