Amy Yee At Western Marine’s shipyard on the edge of the Bay of Bengal, machines shriek and sparks fly as workers turn hulking pieces of metal into gigantic ships. The clanging of hammers echoes as a stray dog trots across…
Category: Industry
Robi has introduced train ticketing solution
Cellular phone operator Robi has introduced train ticketing solution aiming to facilitate a hassle free travel by train.
41 organizations to export raw jute
The government has given permission to 41 organisations to export 277,000 bales of raw jute as a “special measure”.Saikat Chandra Halder, PRO of the textile and jute ministry, informed the media of the decision on Wednesday.He said these organisations would…
DPDC taskforce unearths massive electricity theft in Narayanganj
STAFF REPORTER The special taskforce of Dhaka Power Distribution Company Limited on Sunday had unearthed massive electricity theft and tax evasion during a drive in a 24 storied and 18 storied twin tower building named ‘Tokyo Plaza’ in Narayanganj.
Oil could hit bottom in early 2016: BP chief
The slump in global oil prices could hit bottom in early 2016 although prices are likely to remain low for the next couple of years, BP Chief Executive Officer Bob Dudley said.”A low point could be in the first quarter,”…
Manikganj power plant obtained 227.41 crore fund
Dhaka Northern Power Generations Limited (DNPGL) obtained a fund of $ 28.97 million (equivalent to Tk 227.41 crore) from Investment Promotion and Financing Facility (IPFF) for its 55 MW power plant at Singair of Manikganj.
TIB concerned at Rooppur nuke plant transparency
Dhaka – Transparency International Bangladesh (TIB) has expressed concern over the reliability and security of the proposed Rooppur Nuclear Power Plant and demanded full public disclosure of information related to the project to ensure transparency in the plant construction. Bangladesh’s…
Crude oil down to $37 a barrel
Oil fell close to $37 a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply that has more than halved prices since the downturn began in mid-2014.US crude was trading below global benchmark Brent, having…
World Bank to finance Siddhirganj power project
The government has signed a $177 million additional financing agreement with the World Bank to complete the ongoing construction of a 335 megawatt combined cycle power plant at Siddhirganj, near Dhaka.The plant that will start commercial operation in 2016 will…
No fuel price cut yet: Muhith
Despite the declining price of oil in the international market, the government is yet to decide on whether to cut the price of fuel oil in the domestic market, says finance minister AMA Muhith.“We talked to the ministry of energy…we…
Govt, ADB sign loan deals for power system capacity improvement
The Asian Development Bank (ADB) and the government of Bangladesh on Tuesday signed $205 million loan agreements for increasing access to reliable supply of electricity and improving efficiency and capacity of power systems in Bangladesh.
Axiata acquires Nepal’s Ncell
Axiata Group Berhad (Axiata), the parent company of Robi, has made a foray into Nepal’s telecoms market by acquiring the country’s number one mobile operator Ncell Private Limited (Ncell).“Through its wholly-owned subsidiary, Axiata Investments (UK) Limited, Axiata has entered into…
Impact of microventure firms in developing countries
The Sustainable Innovation Forum at COP21 hosted an abundance of growth companies that are interested in accelerating sustainable development and the advancement of the green economy. In developed countries, venture capital firms and governments are able to invest in these…
Huge waves of industrial waste have left scores missing in China
By VICE News and Reuters At least 91 people were missing after a giant mound of mud and construction waste spewed out of an overfull dump site in a southern China boomtown and buried 33 buildings in the country’s latest…
BD to be world’s top cotton importer replacing China:USA
Bangladesh is likely to become the world’s top cotton importer replacing China, according to the US Department of Agriculture (USDA) data.
Oil prices reduced
Oil prices sank Friday as the OPEC cartel decided not to cut output despite the global oversupply that is battering the market.The 13-member Organization of the Petroleum Exporting Countries, which pumps about 40 percent of the world’s crude oil, took…
Facebook based entrepreneurs in trouble
As the government continues to keep Facebook banned for ‘security reasons’, small entrepreneurs and freelancers whose businesses are based on the social networking site are beginning to feel the pinch.Many of those hit by the ban have said that their…
Six polluting industrial units sealed off in Chittagong
Department of Environment, Chittagong wing sealed off six industrial units in Patiya upazila of chittagong for alleged environment pollution. With the directives of a court in chittagong DOE conducted raid in that industrial zone on Monday. The industrial units are-…
Commerce minister hopes for GSP return
Tofail Ahmed has said he hopes the US will revive special trade benefits for Bangladesh soon since the country has made significant progress in ensuring labour rights and fair working conditions in factories.The commerce minister sees the GSP facility as…
Govt closes down three factories
The government has closed down three buildings housing as many factories, concluding its 23-month long inspection.In addition, 16 factories in seven buildings have been “partially closed” due to structural, fire and electrical safety concerns. The inspection covered a total of…
Crude oil prices edge up; but oversupply, strong dollar drag
Crude oil prices edged up on Friday after falling as much as 2 percent the previous session, with analysts saying oversupply and a strong dollar would continue to weigh on fuel markets.US crude futures were trading at $45.46 a barrel…
Most firms not paying VAT: NBR
The allegation against commercial institutions of not paying Value Added Tax (VAT) after billing customers for it on expenses is not new.Now the issue has come to the fore during the National Board of Revenue’s (NBR’s) campaign.People are also taking…
Govt. to provide support for MFS providers
State Minister for Finance and Planning MA Mannan on Sunday said the government is ready to provide essential support to the Mobile Financial Service (MFS) providers to reach out maximum population.
Max VOIP calls generates through Teletalk
State-run mobile phone operator Teletalk’s SIM cards are widely used in illegal Voice over Internet Protocol(VoIP) business as it is not complying with the telecom regulator’s directives to prevent illegal call termination and fake registration, according to a BTRC letter.
Number of fixed broadband users increasing
The number of fixed broadband users in Bangladesh is growing even though the growth is much less than that of mobile internet subscribers.In a month, the number of such subscribers has increased by 47 percent. According to a report of…
MNP will solve call drops menace: S K Bose
Mobile Number Portability (MNP) is the only solution to the dropped call menace, outgoing BTRC Chairman Sunil Kanti Bose feels.Once MNP is introduced, mobile users will be able to switch to another service provider without changing existing number and that…
Biometric SIM registration begins
The re-registration of subscriber identity modules (SIMs) through biometric verification system begins on Wednesday on an experimental basis, State Minister for Posts and Telecommunications Tarana Halim said on Tuesday.
Tarana asks all operators to resolve call-drop problem
State Minister for Post and Telecommunication Tarana Halim on Monday asked all the mobile phone operators to resolve the call-drop problem by December next.
Joy asks startups to keep on trying
Prime Minister’s ICT Adviser Sajeeb Ahmed Wazed Joy has asked Bangladesh startups not to give up despite failures. Bangladesh’s first Software Technology Park, aimed to facilitate IT entrepreneurs, was inaugurated on Sunday.Speaking on the occasion, Joy said he hopes that…
Bd Women Chamber chief Selima Ahmad gets int’l award
The International Alliance for Women (TIAW) has announced Selima Ahmad, vice chairperson of Nitol Niloy Group and president of Bangladesh Women Chamber of Commerce and Industry (BWCCI), as the recipient of the TIAW World of Difference Lifetime Achievement Award-2014-2015. The…