Japan will provide 120 billion Yen – equivalent to US$1.18 billion – to Bangladesh under the Official Development Assistance, a spokesperson accompanying the visiting Japanese foreign minister said on Saturday.
Category: Business
Joypurhat Sugar Mills exceeds crushing, output targets after 7 yrs
Joypurhat Sugar Mills has achieved success in exceeding both the sugarcane crushing and production targets after long seven years.
Najirganj ferry ghat turns shaky for sand lifting
Najirganj ferry ghat (jetty) is now in a vulnerable state as a section of influential people have continued sand lifting illegally from near the Padma River in Sujanagar upazila, intensifying threat of erosion in the area.
Forex reserve marks slight fall, but still strong
Bangladesh’s foreign exchange reserve has marked a slight fall, but it still stands at above US $ 18 billion mark as of March 18, according to Bangladesh Bank.
Atiur wants Japanese investors to set up R&D facilities
Bangladesh Bank Governor Dr Atiur Rahman has requested his Japanese counterpart Haruhiko Kuroda to encourage Japanese investors and companies to establish research and development (R& D) facilities in Bangladesh.
BoI, BUILD join hands for private sector dev
Board of Investment (BoI) and Business Initiative Leading Development (BUILD) will put in joint efforts to foster private sector development in the country in the coming days.
Japan’s support to join regional econ partnership sought
Dr. Atiur Rahman, governor of Bangladesh Bank (BB), has had fruitful meeting with Seiji Kihara, vice minister of Ministry of Foreign Affairs (MOFA) of Japan. The Japanese vice minister appreciated BB’s proactive role in resolving issues raised by Japanese investors…
No diversion of Padma Bridge fund: Quader
Trashing the media reports on Padma Bridge project fund transfer, Communications Minister Obaidul Quader on Wednesday said the money allocated for the much-awaited Padma Bridge project is not being diverted to anywhere. “Padma Bridge is a sensitive national issue. Reports…
Boosting food production can eradicate urban poverty
Speakers at a post-rally discussion in Rajshahi Wednesday emphasized the need for boosting food production to ensure food security of the urban poor and extreme poor communities coupled with improving their living condition.
‘Islami Bank donates Tk 30m for Independence Day event’
Rebutting a minister’s claim, the Islami Bank has said it has donated Tk 30 million (three crore) for the Independence Day event in which thousands are expected to sing the national anthem to set a world record. Information Minister Hasanul…
Govt examining investment proposals on deep-sea port
The government is examining the proposals of some countries to invest in the proposed deep seaport at Sonadia Dwip, Shipping Minister Shajahan Khan told Parliament on Tuesday. Replying to a supplementary question of Shamsul Huq Chowdhury (AL-Chittagong), he said that…
Six companies take dividends announcements to DSE
The Dhaka Stock Exchange (DSE) on Tuesday witnessed a dividend spree as a number of six companies recommended cash and stock dividends for the year that ended on December 31, 2013. The Board of Directors of Republic Insurance Company recommended…
Investment-friendly tax structure in next budget: Amu
Industries Minister Amir Hossain Amu on Tuesday said emphasis will be given on an industry -and investment-friendly tax structure in the upcoming budget to encourage local industrial production. He made the remarks while talking to reporters after a meeting with…
Primark to pay $10m more to Rana Plaza victims
British clothes retailer Primark will pay a further $10 million in compensation to victims of the collapse of Rana Plaza at Savar last year that killed more than 1,100 people, says Reuters. The disaster in Bangladesh has galvanised most of…
Bumper wheat production in Kurigram likely
Favourable weather linked to good yield Farmers in the district are expecting a bumper production of wheat due to favorable weather condition this season.
Jhenidah Grameen Bank branch looted at gun point
Shahneawz Khan Sumon The Grameen Bank, Bishoikhali branch under Moharajpur union porishod in Jhenaidah sadar upazila has been looted by some unidentified miscreants in broad day light by brandishing arms at about 4:30 PM on Tuesday. At that time, at…
UAE to resume hiring Bangladeshi manpower
The United Arab Emirates is likely to resume importing manpower from Bangladesh, Expatriates’ Welfare and Overseas Employment Minister Khandker Mosharraf Hossain said on Monday. The minister said the UAE will sign an agreement with Bangladesh end this month to reopen…
Bangladesh planning corporate tax cut
The Chairman of Bangladesh’s National Board of Revenue (NBR), Ghulam Hussain, has indicated that the Government plans to reduce corporate income tax rates with effect from the next fiscal year, which starts on July 1, 2014. The highest corporate tax…
Commercial litchi farming changes fortune of many
Commercial cultivation of the most delicious, juicy and fleshy seasonal fruit litchi has become popular in the region as the farming in the recent years changed the fortune of hundreds of farmers through economic self- reliance.
Dhk-Ctg train service resumes after 4 hrs in Kishoreganj
Rail communications on the Dhaka-Chittagong route, which remained suspended following derailment of a container train in Bhairab upazila of Kishoreganj district,resumed after four hours on Saturday morning.
Vegetables prices going up
Prices of vegetables, including those of onion, garlic and potato, have risen in retail markets in capital Dhaka. Vendors said a drop in their supply had led to the price rise at the end of the winter season. Onions in…
DSE set to introduce new trading cycle on Apr 16
The much-talked-about T+2 trading cycle (trading day plus two days) for share settlement is set to be introduced at the Dhaka Stock Exchange (DSE), the country’s premier bourse, on April 16, aiming to give a further boost to the share…
BB to fix loan refinancing for small women investors
Bangladesh Bank (BB) governor Atiur Rahman on Thursday said they are going to issue an order to fix the loan refinancing for some small women entrepreneurs below Tk 50,000. Addressing the Women Entrepreneurs’ Conference and Product Display 2014, the BB…
Tazreen MD’s bail petition rejected
Dhaka’s District and Sessions Judge’s Court on Thursday rejected the bail petition of Tazreen Fashions’ Managing Director (MD) Delwar Hossain and set March 20 to pass order on the prosecution’s petition to scrap the bail of Delwar’s wife and also…
Late blight a deep worry for Chuadanga potato growers
The viral disease shatters their hope after price fall Late blight disease has attacked potato plants on vast tracts of land in the district, causing a severe concern for the farmers after they experienced sharp fall in price of the…
Oman to take more Bangladesh skilled manpower
Oman is interested in taking more skilled manpower from Bangladesh, said Expatriates’ Welfare and Overseas Employment minister Khandker Mosharraf Hossain on Wednesday. “We’ve requested the government of Oman to take more skilled manpower from Bangladesh for its construction, agriculture and…
Muhith blames global recession for revenue shortfall
Minister for Finance AMA Muhith on Wednesday told Parliament that the current political situation in the country and ongoing global economic recesses have fallen direct and negative impacts on realising of government revenue, investment, import and export trade. “Resulting in…
Oil, gas exploration deal signed
State-owned Petrobangla has signed a production sharing contract (PSC) with Santos-Kris Energy, an Australia-Singapore joint venture, for hydrocarbon exploration in the shallow sea Block-11 in the Bay of Bengal. Petrobangla’s subsidiary, Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX), will…
TCB to sell 5 essential items before Ramadan
Commerce Minister Tofail Ahmed on Wednesday said that the government has decided to start selling five essential commodities in open market to check price hike 15 days before Ramadan begins. “Trading Corporation of Bangladesh (TCB) has taken preparation so that…
ACC team to probe Taka 3,500 crore Basic Bank graft
The Anti-Corruption Commission (ACC) on Wednesday reconstituted its probe team to investigate alleged embezzlement of about Tk 3,500 crore from the state-run BASIC Bank Limited, said an ACC official. He said with this the commission reconstituted the team for the…