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  • Page 147

Category: Business

Airtel, Bank Asia sign agreement

April 30, 2014 editorBusiness

Telecom company Airtel Bangladesh Ltd has recently signed an agreement with Bank Asia Ltd to provide its mobile banking services within Airtel network. The signing ceremony took place at Airtel’s corporate office in the capital’s Banani.

Business

Banglalink launches 3G services in Tangail

April 30, 2014 editorBusiness

Banglalink, one of the country’s largest mobile telecom operators, commercially launched 3G services in Tangail on Tuesday. The launch featured balloons, caravans, horse carts, paddle vans, and popular Banglalink jingles promoting the 3G brand, attracting mass attention in the district…

Business

Labour shortage hampers paddy harvest in Gopalganj

April 29, 2014April 30, 2014 editorBusiness, Manpower

An acute shortage of farm labour is hampering paddy harvest in Kotalipara upazila here.

Elected representatives of GB governing body slam Muhith

April 29, 2014 editorBanking

The elected representatives of Grameen Bank (GB) governing body on Monday deplored Finance Minister AMA Muhith’s remark that that the GB directors are not really elected. A statement issued by GB director Tahasina Khatoon on Monday said, “Recently, at a…

Banking

IBBL gets ‘ICMAB Best Corporate Award-2013’

April 29, 2014 editorBanking

Islami Bank Bangladesh Limited was awarded the “ICMAB Best Corporate Award-2013” by the Institute of Cost and Management Accountants of Bangladesh in private commercial banks (Islamic operation) category. Finance Minister Abul Maal Abdul Muhith handed over the award to Muhammad…

Banking

ACC scraps probe into non-funded part of Sonali loan scam

April 29, 2014 editorBanking, Crime

The Anti Corruption Commission (ACC) has revoked its ongoing probe into the non-funded part of the much-talked-about Sonali Bank loan scam as the anti-graft body found it out of its jurisdiction. “Sonali Bank and Bangladesh Bank will conduct probes in…

Crime

B’desh seeks special tariff benefit for exports to US market

April 29, 2014 editorLead News, Trade

Bangladesh on Monday sought a preferential treatment on Bangladeshi products to the US market like Sub-Saharan African and Caribbean countries considering its extreme ‘vulnerability’ due to climate change. Bangladesh also demanded duty- and quota-free access to the US market under…

lead

IBBL not involved in terror financing: IDB President

April 28, 2014 editorBanking, Lead News

Visiting President of the Islamic Development Bank (IDB) Dr Ahmad Mohammad Ali on Monday said Islami Bank Bangladesh Ltd is not involved in terror financing in any way. He came up with the claim at a press conference at the…

lead

IBCF holds seminar in city

April 28, 2014 editorBanking, Business

Islamic Banks Consultative Forum (IBCF) held a seminar titled ‘Islamic Banking: Bangladesh Perspective’ in the capital on Sunday. Dr Ahmad Mohamed Ali, president of Islamic Development Bank (IDB) was present at the seminar as the chief guest.

Banking

Link to gold smuggling suspect, Biman official arrested

April 27, 2014April 28, 2014 editorLead News, Transportation

A Biman Bangladesh Airlines official, arrested on Saturday for his suspected involvement in the smuggling 106 kilograms gold, has been remanded in five days’ police custody. Dhaka Metropolitan Magistrate SN Ashikur Rahman gave the order on Sunday after police produced…

lead, Lead story

Widen the role of Shariah Banking: BB Governor

April 27, 2014 editorBanking, Business

Bangladesh Bank Governor Dr Atiur Rahman on Sunday praised the roles played by the shariah based Islamic Banks in Bangladesh and expressed the hope that the role of shariah based banking would be widened in Bangladesh’s inclusive, environmentally sustainable economic…

Banking

BB Governor for raising tax rebate ceiling on CSR activities

April 27, 2014 editorBanking, Lead News

Bangladesh Bank governor Atiur Rahman on Saturday said the ceiling on tax exemption for Corporate Social Responsibility (CSR) activities by banks and financial institutions should be raised. “For enjoying the income tax rebate, I think, the minimum limit for expenditure…

lead

Politics in US denial of duty-free access: Muhith

April 27, 2014April 28, 2014 editorLead News, Trade

Finance Minister AMA Muhith has lashed out at the US saying it was refusing Bangladesh duty and quota privileges for political reasons. Muhith returned from his two week-long visit to the US and Mexico on Apr 23. “The US has…

lead

Dutch minister for joint fund for Rana Plaza victims

April 25, 2014 editorIndustry, Lead News

The European Union (EU) and Bangladesh should work together to impress the international companies, including the European ones, to adequately contribute to the compensation fund for the Rana Plaza victims, said a Dutch minister on Friday. Minister for Foreign Trade…

lead

End ‘suppression’ of unions: US Senator asks Govt, BGMEA

April 25, 2014 editorBusiness, Industry

US Senator Robert Menendez has urged the Bangladesh government and BGMEA to take steps to end the ‘suppression’ of fledgling unions to help keep ‘Made in Bangladesh’ brand shining globally. “If the BGMEA and the government of Bangladesh do not…

Industry

More teams withdraw, Nepal’s Everest season in jeopardy

April 25, 2014 editorTourism

Several foreign climbing expeditions have called off attempts to scale Everest following an avalanche that killed at least 13 local guides, meaning Nepal faces an entire season without a single ascent of the mountain for the first time in decades.…

Tourism

We must not forget Rana Plaza victims: Rushanara Ali

April 25, 2014 editorBusiness, Industry

Rushanara Ali, MP on Thursday said workers in Bangladesh garment industry and worldwide, deserve the right to safety at work as well as better conditions and pay. “However, one year on, there’s still so much that needs to be done.…

Industry

Trade unions demand compensations for Rana Plaza victims

April 25, 2014 editorIndustry, Lead News

Several associations of the garment workers marked the first anniversary of Rana Plaza tragedy on Thursday demanding that the victims and their families get adequate compensations. They also demanded punishment to those responsible for the disaster, one of the world’s…

lead

24.11 lakh bales jute to be produced in N-region

April 24, 2014 editorBusiness, Industry

The government has fixed a target of producing over 24.11 lakh bales of jute from over 2.25 lakh hectares of land during the current season in the northern Bangladesh, officials sources said.

17 women, chindren among 35 recovered from traffickers

April 24, 2014 editorBusiness, Manpower

Members of Border Guard Bangladesh (BGB) rescued 35 people while being trafficked to India while the border force arrested five Indian nationals on the Putkhali border here on Wednesday night. The rescued Bangladeshis include 14 women and three children.

Manpower

208 hajj agencies penalised, 8 licences cancelled for deceiving pilgrims

April 24, 2014 editorBusiness, Tourism

The government has taken punitive actions against 208 hajj agencies, out of 628, who sent the pilgrims to Saudi Arabia last year, for deceiving hajj pilgrims through different irregularities. The actions were taken following  decision of a committee led by…

Tourism

Relatives throng Rana Plaza site on 1st anniversary of disaster

April 24, 2014April 26, 2014 editorIndustry, Lead News

Relatives of victims and labour activists were joined by thousands of people on Thursday at the place where the ill-fated high-rise Rana Plaza once stood. Relatives of victims and labour activists were joined by thousands of people on Thursday at…

lead

US wants BD to do more for workers protection

April 24, 2014 editorGovernance, Industry, Int’l relations

Acknowledging Bangladesh’s progress in some important areas, the United States on Wednesday said the government of Bangladesh must do more to ensure protection when workers face intimidation and reprisals for trying to organise. It said all stakeholders in Bangladesh, including…

Int’l relations

Dev plans should be based on public interests: PM

April 24, 2014 editorBusiness, Finance

Criticising the mindset of ministers and MPs in undertaking development programmes prioritising their respective areas or homes, Prime Minister Sheikh Hasina said development plans should be taken considering the highest benefit of the common people at the low cost. “Ministers,…

Business

ADB to provide $ 250 mn for Dhaka Water Supply Project

April 24, 2014 editorBusiness, Finance

The Asian development Bank (ADB) will provide $ 250 million to Bangladesh for ‘Dhaka Environmentally Sustainable Water Supply’ to increase supply of surface water in the capital. Economic Relations Division (ERD) secretary Md Mejbahuddin and ADB new country director Kazuhiko…

finance

DSE, CSE see nominal gain Wednesday

April 24, 2014 editorBusiness, Stocks

Key share price index in the country’s twin bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – gained nominally on Wednesday, the fourth trading day of the week. The DSE benchmark index, DSEX gained 23.22 points or…

Stocks

Rana Plaza collapse: Wide gap persists one year on: CPD

April 24, 2014 editorIndustry, Lead News

Centre for Policy Dialogue (CPD), a civil society think-tank has urged the authorities to fulfill their commitments to help the victims of Rana Plaza tragedy and their families. The call came at a keynote paper presented at a seminar to…

lead

Bumper green chilli production expected in Panchagarh

April 23, 2014 editorBusiness

Farmers of Boda and Debiganj upazilas of the district are expecting a bumper production of green chilli this season.

Business

Bumper Boro production in Faridpur

April 23, 2014 editorBusiness, Trade

A bumper production of Boro paddy, the major food crop in the district, was achieved after the harvesting period has just concluded.

trade

New taxicabs hit Dhaka streets

April 23, 2014 editorBusiness, Transportation

A new taxi service run by the Bangladesh Army has been launched to ease commuters’ woes in Dhaka. Prime Minister Sheikh Hasina introduced the cabs of the Trust Transport Services, operating under the Army Welfare Trust, at the Army Golf…

Transportation

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