The Cabinet Purchase Committee is set to consider on Thursday the approval of the biggest ever tender proposal for the construction of Padma Multipurpose Bridge Project at a cost of Tk 12,133 crore. The Communications Ministry has put forward the…
Category: Business
Dhaka wants to sign FTA with Manila
Bangladesh wants to sign a free trade agreement (FTA) with the Philippines to boost trade between the two countries, Commerce Minister Tofail Ahmed said on Tuesday. Tofael, now in Manila, conveyed the interest during his meetings with the leaders of…
IBBL workshop on women entrepreneurship held in Bogra
Islami Bank Bangladesh Limited Bogra Zone organised a daylong workshop on Women Entrepreneurship Development in Bogra recently. Mizanur Rahman Jodder, General Manager of Bangladesh Bank, inaugurated the workshop as the chief guest. Presided over by Md Mosharraf Hossain, Executive Vice-president…
Capital market hits eight-month low
Transactions in Bangladesh’s capital market have declined to eight-month low after witnessing some stability at the beginning of the year, just after the general elections. Dhaka Stock Exchange (DSE) on Tuesday recorded lowest ever transactions in last eight months. Analysts…
Annisul loses legal battle over Desh Energy shares
The High Court on Monday asked Desh Energy chairman Annisul Huq to buy back the shares of two founder directors’ at an ‘appropriate price’. An HC bench with Justice M Rezaul Hasan passed the order, following a petition filed by…
Chinese firm gets main Padma Bridge work: Quader
Communications Minister Obaidul Quader on Monday said China Major Bridge Engineering Company got the main construction work of the much-talked-about Padma Multipurpose Bridge. He came up with the disclosure while addressing a discussion at Awami League President’s Dhanmondi political office…
Etihad Airways setting up ‘Etihad Flight College’
Etihad Airways on Monday announced that it is establishing Etihad Flight College, a world-class flight training facility in the United Arab Emirates, for Emirati and international cadet pilots. As a first step in establishing the college, Etihad Airways is in…
Yunus launches European Social Business Week in Sweden
Second European Social Business Week was held in Lund and Malmö on 12–16 May, 2014. Nobel laureate Professor Muhammad Yunus participated in the week long Forum as the chief guest. Social problems in Europe and their solutions were discussed and…
Netherlands shows interest in deep seaport, LNG terminals
The Netherlands has showed interest to provide financial and technical assistance for building a deep seaport and LNG terminals in Bangladesh. Netherlands Ambassador in Dhaka Gerben Sjoerd De Jong on Sunday said this when he met Planning Minister AHM Mustafa…
Train derailment snaps Ctg’s rail link with Dhaka, Sylhet
Train Communications of Chittagong with Dhaka and Sylhet have been suspended as a bogie of a freight train derailed near Rasulpur rail station in Sadar upazila on Sunday morning.
Economic growth likely to experience a decelerating rate: Unnayan Onneshan
The Unnayan Onneshan called for prudent management of the economy as the economic growth in the current fiscal year is likely to experience a decelerating rate for the third time in a row from those of the preceding years.
CNG pump owners threaten strike
CNG fuel station owners on Saturday threatened to go on strike if the government fails to meet the 5-point recommendation made by a high-level Energy Ministry Committee to solve their problems.
Hawkers demand policy, law to protect them
Bangladesh Hawkers Federation on Thursday demanded that the government makes a national policy and a law to stop harassment of street vendors. General secretary of the federation Mohammad Rafiqul Islam placed the demand at a press conference at Asad Auditorium…
Bumper maize output likely as harvest continues in N’region
A super bumper production of maize is likely in northern Bangladesh during this current season as its harvest continues in full swing with excellent yield rate everywhere, official sources and farmers said.
Hotel Regency sues 16 shareholders for vandalism
Hotel Regency Resort Limited lodged a case on Wednesday morning with the Chief Metropolitan Magistrate (CMM) Court of Dhaka against 16 of its general shareholders including shareholder Shah Ashraf Islam for vandalism and looting while the court directed Khilkhet Police…
Maternity allowance distributed among mothers in Sundarganj
Department of Women Affairs (DWA) distributed Tk 6.93 lakh asmaternity allowance to 330 poor mothers of Sundarganj upazila in the district for the first six-month of 2013-2014 fiscal.
Steel industries want duty waiver for chemicals import
Owners of local steel industries on Wednesday demanded increase of tax on the import of billet and withdrawal of tax from the import of chemicals in the upcoming national budget for fiscal 2014-15 to protect the local industries. They also…
World Bank to help Bangladesh on VAT
by Mary Swire, Tax-News.com, Hong Kong The World Bank Board has approved USD60m in interest-free credit to modernize the administration of Bangladesh’s value-added tax regime and to boost the tax take. The VAT Improvement Program Project will introduce automation, including…
Tourism sector deserves greater attention: BFTD
The government needs to give greater attention to the tourism sector in the coming national budget as it has remained neglected for long despite having huge potentials to help earn huge foreign currency, says a tourism body executive. “We need…
25 B’desh missions abroad fail to achieve export targets
Twenty-five of the 51 Bangladesh missions abroad have failed to achieve respective export targets for the first 10 months (July-April) of the current fiscal (2013-14). The key Bangladesh missions like the ones in Washington, London, Paris, Ottawa, Tokyo and Canberra…
Boro harvest continues in northern region
Harvest of Boro paddy has been continuing in full swing in the northern region of the country with an excellent yield rate.
Oman tightening rules against changing jobs
The Royal Oman Police (the body entrusted in Sultanate of Oman to issue visas) has announced that effective from 01.07.2014 an expatriates can not change jobs unless he completes two years after his departure from the previous employer.
IBBL orientation for probationary officers
Islami Bank Bangladesh Limited organized an orientation program at Mohammad Younus Auditorium of Islami Bank Tower today (Monday) on the occasion of joining of 140 newly recruited probationary officers. Prof. Abu Nasser Muhammad Abduz Zaher, Chairman of the bank was…
Maid hiring costs surge in Bahrain
The cost of recruiting an Indonesian housemaid has reached BD1,200 ($3200) compared to BD800 in January, while sponsors have to pay about BD1,000 to recruit a Filipino maid, a report said. Bahrain Recruiters’ Society chairman Fareed Al Mahmeed said countries…
40-day employment programme in Panchagarh
The second phase 40-day employment programme of the government has begun for hardcore, seasonal unemployed and destitute people in five upazilas of the district.
EGPP continues successfully in Rangpur
The Taka 28.83-crore second phase of the special Employment Generation Project for the Poorest (EGPP) continues successfully creating huge jobs for the poor in the district.
Chemically-treated Indian mangoes flood Jessore markets
Chemically-treated Indian mangoes have flooded the markets in Jessore region, posing serious health risks.
Foreign investors come back in big way: Muhith
Finance Minister AMA Muhith on Saturday said the foreign investors have come back in a big way to invest in Bangladesh after the January 5 election though the domestic investors are still reluctant. “I’m very happy. They’re (foreign investors) coming.…
Sri Lankan envoy seeks FTA with BD
Sri Lanka wants to sign a free trade agreement with Bangladesh to boost bilateral trade, the country’s ambassador in Dhaka said on Saturday. Sri Lanka has eased the taxation system to attract foreign investment and Bangladesh can take advantage of…
‘Stop irregularities in shipping mastership exams’
The National Committee to protect Shipping, Roads and Railways sector (NCPSRR) on Friday demanded a high powered committee to check irregularities in the Mastership Exams held under the Department of Shipping. Addressing a press briefing at Moni Singh-Farhad Memorial Trust…