Bangladesh’s taka has got stronger against the US dollar reporting a steady exchange rate for a year amid periodic intervention by the central bank. The dollar was traded at Tk 77.65 in the inter-bank money market on Monday against Tk…
Category: Business
250 RMG workers fall sick after tiffin in Gazipur factory
Over 250 workers of a garment factory fell sick after taking food provided by the factory in the city on Monday night. Locals said the workers of sweater factory ‘Best Wool’ situated at Zarun in the city started vomiting…
Menon for finding Biman MD from among locals
Tourism and Civil Aviation Minister Rashed Khan Menon on Sunday emphasised finding out a local person for appointing as the managing director of the national flag carrier Biman Bangladesh Airlines. He came up with the suggestion at a meeting with…
Compensate Rana Plaza victims before Apr 24: Workers
Readymade garment (RMG) workers here on Sunday demanded that the victims of Rana Plaza building collapse and their families be compensated by April 24 next, the first anniversary of the tragedy. They came up with the demand at a human…
Over 100 social businesses produced at design lab
The 14th Yunus Centre Social Business Design Lab took place on 19 April 2014 at the Grameen Bank Auditorium. Over 150 participants from national and international organizations attended in the program. The Design Lab was chaired by Nobel Laureate Professor…
Milk Vita production down 30 percent for worker strike
Milk Vita products output has declined at least 30 per cent following the wildcat strike by the workers protesting gross violation in recruiting of 540 workers on master roll. “The production of Milk Vita has fallen by 81,876 litres of…
Kevin Steele leaves for home
Kevin Steele, the first foreign managing director and chief executive officer of Biman Bangladesh Airlines who quit his post in January last, left here for home on Saturday morning. As Steele has quit, Biman Director (Customer Services) AM Mosaddique Ahmed…
Biman plans to expand fleet, wings
In a bid to expand its fleet and wings, Biman Bangladesh Airlines, now operating on two domestic and 18 international routes, has decided to appoint a reputed international agency for assisting Biman in sourcing a variety of aircraft for both…
Deadlock over Shikalbaha 225 MW power plant project goes
The deadlock over the funding of Shikalbaha 225 MW Combined Cycle Dual Fuel (Gas & FO) Power Plant project is now over as the Kuwait Fund for Arab Economic Development (KFAED), one of the four major co-financiers of the project,…
Only 38,000 motorbikes out of 1 million are licensed: Quader
Communications Minister Obaidul Quader has said that there are some one million motorbikes in the country out of which only 38,000 are licensed. Quader referred to the statistics of Bangladesh Road Transport Authority (BRTA) to reporters while visiting Bangladesh Machine…
RMG sector for duty-free building, safety tools import
The apparel sector has demanded the waiver of duties on the import of building and fire safety equipment in the next budget to ensure safer working condition in readymade garment (RMG) factories. They said the exemption would enable them to…
6 BASIC Bank officials suspended
Six top officials of the state-owned Bangladesh Small Industries and Commerce Bank (BASIC) Limited have been has suspended for alleged malpractices. The bank’s Deputy Managing Director Monaem Khan is among them. The decision taken by the nationalised bank’s Board of Directors…
Exports fetch $22.24 billion in 9 months
Bangladesh’s exports earnings have reached $22.24 billion, showing a 13 percent rise in the first nine months of the current 2013-2014 financial year over $19.68 billion earned in the corresponding period the previous fiscal. The exports earnings reached to the…
MoU on sending workers to Korea to be renewed soon
Bangladesh is expected to renew its memorandum of understanding (MoU) signed with South Korea on sending workers on government-to-government basis in May this year. Expatriates’ Welfare and Overseas Employment Minister Khandaker Mosharraf Hossain disclosed this while talking to reporters after…
Body of one missing student out of 4 found in St Martin’s
The body of a missing student, out of four, of Ahsanullah University of Science and Technology, Dhaka, was found in the bay in the Saint Martin’s Island here on Wednesday morning. The deceased was identified as Sabbir Hasan, 22, a…
Robi unveils Galaxy S5 in Sylhet
Samsung Electronics Bangladesh, in exclusive association with Robi Axiata Limited, officially announced the launch of the fifth generation of the Galaxy S series, the Galaxy S5. The Galaxy S5 was unveiled by Mahtab Uddin Ahmed, chief operating officer, and Matiul…
Progress report on meeting GSP terms sent to US
The government has sent a report on progress in fulfilling conditions needed to get back the Generalised System of Preference (GSP) in the US market, commerce minister Tofail Ahmed has said. “Most of the 16 conditions set by them have…
4 students missing in St Martin’s island still untraced
The four students of Ahsanullah University of Science and Technology (AUST) who went missing in the Bay of Bengal near St Martin’s Island on Monday are still untraced. Thirty-four students of the Department of Computer Science and Engineering (CSE) from…
B’desh Int’l Tourism Fair ‘14 in June
The fourth edition of Bangladesh International Tourism Fair 2014 is set to be held from June 19 to 21, at the Bangabandhu International Conference Center (BICC) in Dhaka. The event is organised by Bangladesh Foundation for Tourism Development (BFTD) in…
Readymade garment industry profits slide
Bangladesh garment factory owners say they are soaking up much of the cost of nearly doubling wages as some global retailers balk at price hikes, leaving less money for safety improvements urged by apparel chains after last year’s Rana Plaza…
Pragmatic strategy for affordable housing urged
A pragmatic strategy needs to be worked out urgently to help grow the country’s real estate sector smoothly and ensure housing for middle- and lower middle-income groups at an affordable cost, speakers told a seminar here on Sunday night. Terming…
Kevin Steele may stay as Biman CEO for few more months
Kevin Steele, Managing Director & CEO of Biman Bangladesh Airlines Limited, who was to leave the job on April 17 following resignation, is likely to stay few months more, it is reliably learnt. In response to request from Board of…
Coal import thru’ Tamabil, Sheola resumes Tuesday
Coal import from India through Tamabil and Sheola land stations will resume on Tuesday after its suspension for two weeks. Sylhet Coal Importers’ Group general secretary Chandan Saha said the coal import will resume from Tuesday as the crisis created…
6 more gas projects on cards under Gas Dev Fund
The Energy Ministry has worked out a plan to implement six more gas projects involving Tk 1,237 crore under the Gas Development Fund (GDF), a special fund created by the government through consumers’ money derived from increased gas price. While…
Test of steel rod must to ensure quality construction: Experts
Speakers at a seminar on “Fatigue Properties of Steel” in Bangladesh underscored on Saturday the need for ensuring fatigue test before use of steel rod and other steel products in construction works. They said that most people involved in civil…
Rutgers joins push for safer working conditions
International workers rights groups are praising a decision by Rutgers University that could help eliminate sweatshops in Bangladesh. Rutgers, New Jersey’s state university, is the latest of 17 schools requiring manufacturers of its collegiate apparel to sign the Accord on…
Remittances cost lowest in B’desh’ for Mobile Finance Service – BB
The cost of remittances in Bangladesh is one of the lowest in the world mainly because of strategic use of mobile financial services (MFS) and strategic partnership developed amongst banks, telephone companies and MFIs — said Dr. Atiur Rahman, Governor,…
Sonargaon hotel celebrates Hotel Alliance Week
The Pan Pacific Sonargaon Hotel hosted a cocktail reception for their corporate clientele on Thursday as part of the Group’s participation in the Global Hotel Alliance (GHA) Week.
Selima Ahmad wins Oslo Business for Peace Award
Founder President of Bangladesh Women Chamber of Commerce and Industry (BWCCI) Selima Ahmad has won the coveted ‘Oslo Business for Peace’ Award this year. The Oslo Business for Peace Award is the highest form of recognition given to individual business…
GB governing body election process change opposed
Elected representatives of Grameen Bank governing body on Friday deplored the government decision to change its governing body election system. A statement issued by Grameen Bank director Tahasina Khatoon on Friday alleged that the government has decided to introduce the…