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  • Page 153

Category: Business

Proper steps if capital market is affected: Muhith

February 27, 2014 editorBusiness, Stocks

Finance Minister AMA Muhith said in Parliament on Wednesday that no one of the capital market was greatly affected due to the massive mayhem ahead of the January-5 parliamentary elections, “If it is so affected, the government would take appropriate…

Stocks

Chile invites Bangladesh entrepreneurs

February 27, 2014 editorBusiness, Industry

The Ambassador of Chile to Bangladesh, based in New Delhi, Cristian Barros, on Wednesday invited Bangladeshi entrepreneurs to start business in Chile under an initiative ‘Startup Chile’. The envoy informed that the Chilean government has taken an initiative, titled ‘Startup…

Industry

Hasina expects 6.5 pc GDP growth

February 27, 2014 editorBusiness, Finance

Prime Minister Sheikh Hasina on Wednesday expressed her optimism that the GDP growth in the current fiscal year would hit 6.5 percent and even more although the World Bank apprehended that it might come down to 5.7 percent due to…

finance

$265 million deal signed with WB

February 27, 2014 editorBusiness, Finance

The government has signed a $265 million ‘additional’ financing agreement with the World Bank for an ongoing secondary education project. The global lender said financing the “Secondary Education Quality and Access Enhancement Project” would help 4.5 million poor rural children…

finance

Mango traders expect good business in C’nawabganj

February 26, 2014 editorBusiness, Trade

Mango traders expect a good business of mangoes this year as it is the ‘on year’ for the fruit according to its alternate bearing nature.

trade

Farmers expecting bumper tobacco output in Rangpur Region

February 26, 2014 editorBusiness, Finance

The farmers are expecting bumper production of tobacco as the ‘harmful cash crop’ grows excellent amid favourable climatic condition now in Rangpur Agriculture Region, farmers and officials said.

finance

Signing PTA with Myanmar under scrutiny: Tofail

February 26, 2014 editorBusiness, Trade

Bangladesh has been scrutinizing the prospect of having a ‘Preferential Trade Agreement’ (PTA) with its close neighbour Myanmar in a bid to enhance trade between the two countries, Commerce Minister Tofail Ahmed told Parliament on Tuesday. Bangladesh Tariff Commission (BTC)…

trade

Trade number 1 agenda for 3rd BIMSTEC summit: Tofail

February 26, 2014 editorBusiness, Trade

Trade issue will dominate the third summit of head of states and governments of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) to be held in Naypidaw, capital of Myanmar, on March 4, Parliament was told…

trade

Airtel, Teletalk to share infrastructure

February 26, 2014 editorBusiness, Trade

Private mobile operator Airtel Bangladesh Limited has recently signed an agreement with state-owned operator Teletalk Bangladesh Limited on sharing infrastructure. Chris Tobit, CEO and Managing Director of Airtel Bangladesh Limited and Mujibur Rahman, Managing Director of Teletalk signed the Memorandum…

trade

Dhaka-Delhi textiles sector cooperation working group meet Thursday

February 25, 2014 editorBusiness, Industry

The first meeting of the joint working group (JWG) for cooperation in textiles sector between Bangladesh and India will be held here on Thursday, said an official. Bangladesh and India signed a memorandum of understanding (MoU) on cooperation in textiles…

Industry

Padma Bridge now visible prospect: Obaidul

February 24, 2014 editorBusiness, Transportation

Munshiganj – Communications Minister Obaidul Quader on Sunday said the much-hyped Padma Bridge is now a visible reality as all uncertainties over the bridge have been removed. He came up with the remarks while talking to reporters after visiting different…

Transportation

G20 meeting targets an additional 2pc economic growth

February 23, 2014February 23, 2014 editorBusiness, Finance

Financial leaders from the 20 biggest economies have set a goal of generating $2 trillion (£1.2 trillion) in extra output over the next five years. During that period they aim to boost the gross domestic product of G20 countries by…

finance

Hackers take Tk 20 million: What has happened to state-owned Sonali Bank?

February 23, 2014February 26, 2014 editorBanking, Business

The Sonali Bank lost Tk 20 million last year as hackers breached its vulnerable “password and risk management system”. “The bank lost $250, 000 due to the hacking of one of its accounts’ password last year,” said M Aslam Alam,…

Banking

Biman’s DC-10 not taken for museum, returning to Dhaka

February 23, 2014 editorBusiness, Transportation

The last passenger DC-10 aircraft will return to Dhaka instead of flying into Boeing museum just yet. The 30-year old aircraft, part of the fleet of Biman Bangladesh Airline, was to find its final resting place at the museum of…

Transportation

Old man crushed to death by train in Sirajganj

February 22, 2014 editorBusiness, Transportation

An unidentified old man was crushed to death by a train at Haluakandi in Kamarkhand upazila on Friday.

Transportation

‘Mastermind’ of Kishoreganj Sonali Bank burglary held

February 22, 2014 editorBanking, Business

Dhaka – Members of Rapid Action Battalion (Rab) arrested the mastermind of the Kishoreganj Sonali Bank (SB) burglary from Bhairab upazila of Kishoreganj district early Saturday. The arrested was identified as Siraj, uncle-in-law of Habibur Rahman Habib alias Sohel whom…

Banking

Jobs in Korea: Skill test for BD workers begins

February 21, 2014 editorBusiness, Manpower

The skill test for Bangladeshi job seekers in South Korea started at the Bangladesh-Korea Technical Training Centre here on Friday with some 571 Bangladeshi job seekers taking part in it.

Manpower

Mozena talks tough against defiant RMG owners

February 21, 2014 editorBusiness, Industry

US Ambassador in Dhaka Dan W Mozena on Thursday said the defiant owners of the readymade garment (RMG) who are ‘unwilling’ to meet the international safety and labour rights standards should ‘close and leave’ their businesses to keep the vibrant…

Industry

IBBL launches VISA Debit Card

February 20, 2014 editorBanking, Business

Islami Bank Bangladesh Limited (IBBL) has launched its next generation VISA Debit Card. Bangladesh Bank Executive Director Dasgupta Asim Kumar inaugurated the card as the chief guest at a programme at a city hotel with IBBL Managing Director and CEO…

Banking

Forex reserve hits US $19-bn mark

February 20, 2014 editorBusiness, Finance

The country’s foreign currency reserve hit a record high US$ 19-billion mark on Wednesday. The forex reserve now stands at US$ 19048.09 million which is enough to meet import expenditures of the next six months, according to a central bank…

finance

Jamuna Gr chairman sues Bashundhara Gr chairman

February 20, 2014 editorBusiness, Industry

Jamuna Group Chairman Nurul Islam Babul sued Basundha Group Chairman Ahmed Akbar Sobhan and five others demanding a compensation of Tk 20 billion for publishing fake, false and defaming news items in the Daily Kalerkantha and the Bangladesh Pratidin. Judge…

Industry

Oman giving over 100,000 jobs from expatriates to its own nationals

February 19, 2014 editorBusiness, Manpower

Muscat: More than 100,000 jobs are to be stripped from expatriates and given to Omanis as the government works to redress the imbalance in the Sultanate’s employment market. Minister of Manpower Sheikh Abdullah bin Nasser Al Bakri on Monday affirmed…

Manpower

‘Modern road communications being developed in Rangpur’

February 18, 2014 editorBusiness, Transportation

Mayor of Rangpur City Corporation (RCC) and valiant freedom fighter (FF) Alhaj Sharfuddin Ahmed Jhantu has said modern road communications are being developed in Rangpur city to free it from traffic congestion.

Transportation

Bangladesh out of FATF gray list of Terrorism Financing

February 18, 2014 editorBusiness, Finance

Dhaka – Finance Minister AMA Muhith on Monday described as a great achievement Bangladesh’s coming out of the gray list of Terrorism Financing of the Financial Action Task Force (FATF). “This has been a great achievement for Bangladesh to come…

finance
Justice done

Bashundhara Group sues Jugantar for Tk 11 billion defamation

February 18, 2014 editorBusiness, Industry

The Bashundhara Group’s East-West Property Group lodged a defamation case against seven persons including Jamuna Group Chairman Nurul Islam Babul on Monday demanding a compensation of  Tk eleven billion for running a false and fake report in the Daily Jugantor.…

Industry

Railway loss in five years Tk 45 billion

February 18, 2014February 18, 2014 editorBusiness, Transportation

Bangladesh Railway has incurred a loss of Taka about 4,500 crore during the last five years from 2008-2009 fiscal. Minister for Railway Mujibul Haq said this in Parliament on Monday while responding to a question from Nurul Islam Milon from…

Transportation

RDRS Bangladesh distributes 7,894 blankets in Rangpur division

February 17, 2014 editorBusiness, Finance

RDRS Bangladesh, a reputed NGO, distributed 7,894 pieces of quality blankets among the cold-hit poor and distressed people including women and children, of all eight districts in Rangpur division during this winter season.

finance

Padma Bridge: Riverbank protection work cost to go up

February 17, 2014 editorBusiness, Transportation

The cost of riverbank protection work for the Padma Bridge Project is going to mark a 13 percent rise (Tk 12.47 crore) to Tk 108.45 crore from Tk 95.98 crore. According to official sources, the Bridge Division of the Communications…

Transportation

Mozena meets Tofail, discusses GSP

February 17, 2014 editorBusiness, Governance, Trade

Dhaka – US Ambassador Dan Mozena on Sunday expressed ‘satisfaction’ over Bangladesh’s progress in implementation of the 16-point action plan the US administration has tagged as a condition for restoring the GSP facility for its exports to the US market.…

trade

Gold prices rise

February 16, 2014 editorBusiness, Trade

After gold prices dipped in the domestic market thrice over a span of few months last year, it has increased on an average by Tk 1500 per ‘bhori’ (11.664 grams) in the local market due to upward price trend in…

trade

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