“In many ways Bangladesh has been the Silicon valley of pro-poor financial innovation, embracing and empowering the people at the base of the pyramid, mostly through bottom up experimentation”– said Dr. Atiur Rahman in a seminar at IMF on Thursday,…
Category: Business
For first time, Saudi, foreign workers protest unpaid wages
TeleSUR English/September 22 – Strikes in the kingdom are rare; labor stoppages in which Saudi and foreign employees strike together even more so. Both Saudi and foreign workers at a private hospital in Saudi Arabia–where all labor activity is banned–have…
500m accounts hacked by “state-sponsored actor”- Yahoo
In a statement, Yahoo on Thursday said user information — including names, email addresses, telephone numbers, birth dates, passwords and in some cases security questions — was compromised in 2014 by what it believed was a “state-sponsored actor.” It did…
Transport strike called off in Sylhet
Sylhet: Hours after enforcing a strike in the district, transport owners and workers withdrew it on Friday afternoon following a meeting with the police administration. The transport owners and workers went into the strike earlier in the morning protesting the…
Industrial accidents in BD another sign of inequality
Bangladesh, once dismissed as a “basket case” for development, has made remarkable progress in many aspects of human and economic development in the last couple of decades.The people of Bangladesh are a key element in this remarkable advancement. They work…
BB heist report release halted as it may hinder money recovery
Finance minister AMA Muhith is not going to release the final report on the Bangladesh Bank (BB) cyber heist submitted by a government-commissioned probe committee as it may hinder the recovery process of heist money. “We are corresponding with Philippines…
DSE trading crosses Tk 600 crore
The daily trade value at Dhaka Stock Exchange (DSE) crossed Taka 600-crore mark on Wednesday on bullish trading when most issues closed higher.The turnover value surged to Taka 614.12 crore at the end of Wednesday’s session, which was the highest…
Another Tampaco fire victim expires, death toll now 35
Dhaka – Another young man who suffered burn injuries in the fire at the factory of ‘Tampaco Foils Ltd’ in Tongi BSCIC Industrial area on September 10 died at a city hospital on Tuesday, raising the death toll in the…
BD national Junaid WB’s India Country Director
Dhaka – Bangladeshi national Junaid Ahmad has taken over as the World Bank’s new Country Director for India, replacing Onno Ruhl who completed his four-year term, UNB news agency reported. Ahmad was formerly the Chief of Staff to World Bank…
France becomes first country to ban plastic cups and plates
(CNN)France has become the first country in the world to ban disposable plastic cups and plates. A new French law will require all disposable tableware to be made from 50% biologically-sourced materials that can be composted at home by January…
Bangladesh recover Tk 120 crore of its stolen money
Dhaka – Bangladesh is on way to recovered its Tk 120 crore that was stolen from the reserve of the Bangladesh Bank (BB) earlier this year by the hackers. A regional trial court of Philippine Monday ordered the Bangko Sentral…
PM for free global movement of all factors of production
From Golam Moin Uddin, UNB Staff Writer New York – Mentioning five aspects of migration governance, including securing rights of migrants in all situations irrespective of their status, Prime Minister Sheikh Hasina on Monday said goods, services and all factors…
People killed like birds in road accidents during Eid holidays: Obaidul
Dhaka-Shouldering responsibility of the anarchy in transport sector, Road Transport and Bridges Minister Obaidul Quader yesterday admitted that people have been killed in road accidents like birds during the holidays of Eid-ul-Azha this year.
Philippines’ central bank ordered to return $15.25 m to Bangladesh
Dhaka: A Philippines court on Monday ordered Banko Sentral ng Philipinas, the central bank of the country, to return about $15.25 million to Bangladesh, a portion of the money which was recovered after stealing from Bangladesh Bank’s reserve account. “We…
Petrol pump owners threatens indefinite strike from October
Country’s petrol pump and tank-lorry owners and workers threatened to go on an indefinite strike from the first week of October if the government ‘fails’ to resolve their problems by the time.
BB heist probe report to be made public on Sept 22
The probe body report on the cyber heist of Bangladesh Bank’s (BB) account with New York’s Federal Reserve Bank will be made public on September 22, finance minister Abul Maal Abdul Muhith said here today.”The report will be made available…
Losses unlikely, say tanners about rawhide sale
Dhaka: Amid media reports that seasonal rawhide traders suffered huge losses this year, tanners and wholesalers have claimed that they hardly faced any loss as they did not purchase rawhides at prices lower than fixed ones during the Eid-ul-Azha. UNB…
WTO rules against India barrier to US solar gear imports
Washington (AP/UNB) — The World Trade Organization has ruled against India and delivered a victory to American companies that make solar batteries and equipment.
LGRD minister finds nothing wrong in wrongside driving
Road Transport Minister Obaidul Quader’s announcement of actions against ministers, MPs and VIPs driving on the wrong lane has met strong opposition from his Cabinet colleague Khandker Mosharraf Hossain, says a bdnews24.com news published on Friday. The local government, rural…
Debt bondage forms of modern slavery: UN report
Debt bondage remains one of the most prevalent forms of modern slavery in all regions of the world despite even though it is banned by international and most national laws, observed Urmila Bhoola, United Nations Special Rapporteur on contemporary forms…
Derailment cuts rail link with Chittagong
The train communication of Chittagong with rest of the country, including the capital, remained snapped following the derailment of an intercity train near Pahartali Railway Station in the city on Wednesday afternoon.Officer-in-charge of Pahartali Police Station Ranjit Kumar Barua said…
Buffett biggest loser in Wells Fargo debacle
Wells Fargo’s biggest shareholder, Warren Buffett, lost about $1.4 billion after the bank’s share price dropped over three per cent on Tuesday. The stock fell after it was revealed the bank opened over two million unauthorised fee-accruing customer accounts. The…
Bayer confirms Monsanto takeover with $66bn bid
German pharmaceuticals giant Bayer has agreed to buy American GMO company Monsanto for $128 a share. The acquisition values Monsanto’s equity at about $56 billion, but including debt, the deal is worth nearly $66 billion. The deal is the largest…
Tampaco boiler blast victim dies; death toll 34
Dhaka – Another man who suffered serious burn injuries at ‘Tampaco Foils’ factory fire in Tongi BSCIC Industrial area of Gazipur on Saturday died at a private clinic in the capital on Tuesday night, raising the death toll in the…
Your local business opportunity from global chanllenges
News Desk The global challenges posed by climate change also offer business opportunities to address those. These opportunities are based on new values of utilising resources sustain-ably taking care of their continued regeneration, instead of using those up to meet current…
India raises dispute at WTO against US solar panel programs
Geneva (D. Ravi Kanth) – India has taken the plunge finally, and raised a dispute against the United States at the World Trade Organization on 9 September over domestic content requirements and subsidies provided by eight American states — Washington,…
Rawhide prices fall 50pc at collection centres in capital
Dhaka – Rawhide prices came down to a half of what it was during the Eid-ul-Azha last year, city dwellers complained on Tuesday. A piece of rawhide of the medium size cow that sold for Taka 2000 last year fetrched…
UN expert for mainstreaming human rights into trade regime
Dhaka – The United Nations Independent Expert on the promotion of a democratic and equitable international order, Alfred de Zayas, on Tuesday called on States and Parliaments to ensure that all future trade agreements stipulate the primacy of human rights,…
BD factory owner sued as boiler blast death toll rises
More than 30 workers have died after an explosion and fire engulfed a factory that produces packing for brands like Nestle. The father of one of the victims has filed suit against the building owner for manslaughter.
Buyers rush in city cattle markets
The sale of sacrificial animals in the city’s makeshift cattle markets saw a good sign as a huge number of customers thronged for buying cattle before the Eid-ul-Azha. “Traders are charging high price aiming to get a good profit this…