Bangladesh-India Friendship Power Company Ltd (BIFPCL) will start functioning next month with the initial equity money of Tk 16 crore for the proposed Rampal 1320 MW coal-fired power plant project.
Category: Business
Moody’s Bangladesh rating outlook stable with risks
Moody’s Investors Service has said Bangladesh’s Ba3 rating and stable outlook reflect Moody’s assessment of four factors—its ‘low’ economic, institutional and government financial strengths, as well as its ‘low’ susceptibility to risks from financial, economic and political events.
‘Budget should be in light of commoners’ needs’
Acting Speaker M Shawkat Ali on Wednesday stressed the need for formulating the national budget in light with the need for the common people to ensure public welfare.
Bismillah Group Scam: ACC quizzes Bank officials
The Anti Corruption Commission (ACC) interrogated four officials of Jamuna Bank Limited in connection with the alleged swindling of Tk 1,100 crore from five commercial banks by Bismillah Group, a terry towel producer.
Greece to provide ‘support to B’deshi workers’
Minister of Public Order and Citizen Protection of Greece Nikolaos Dendias has assured the Bangladesh Ambassador there of providing adequate safety and security to Bangladeshi workers in Nea Manolada and the neighboring areas.
Talk, avoid strike: garment traders
Various bodies of the country’s export-oriented apparel business owners on Tuesday urged political parties to shun the ongoing confrontational politics, calling it ‘detrimental to life and property’.
6,919 Bangladeshis UN peacekeeping missions
A total of 6,919 members of the armed forces are now engaged in the UN peacekeeping missions, Foreign Minister Dr Dipu Moni told Parliament on Tuesday.
Shares witnessing gain in stock markets
DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Tuesday.
Stop confrontation: Women entrepreneurs
Leading women entrepreneurs on Monday urged the political parties to stop confrontational politics for the sake of economy and to save them from the huge financial losses.
Emirates’ interactive online map for passengers
Emirates Airline has introduced new interactive ‘Inspire Me’ feature on their website www.emirates.com, allowing passengers to bring this personalized service to their travel planning.
WB providing support for NID project
The World Bank is providing support for the Bangladesh government in issuing 90 million digitised identity cards with robust security features through the National Identification System for Enhanced Access to Services (IDEA) project.
Business Fenchuganj fertilizer unit production suspended
Production at Fenchuganj Fertilizer Factory came to a halt due to lack of power supply on Sunday.
Mahbubur Rahman to lead Dhaka in Doha Congress
ICC Bangladesh president Mahbubur Rahman will lead an 18-member Bangladesh delegation to the ICC-WCF (World Chambers Federation) and 8th World Chambers Congress (WCC) to be held at Qatar National Convention Centre in Doha.
RMG worker’s killing triggers violence
Workers of a garment factory went on berserk following the killing of one of their female colleagues in a road accident at Tayebpur in Ashulia on Saturday.
Plan big, change world: Dr. Yunus
The father of ‘Micro-credit”, also Nobel Laureate Professor Muhammad Yunus said it is not the money, it is plan and thinking of doing something big can effect positively and change the world.
BPC claims compensation from PDB
Bangladesh Petroleum Corporation (BPC) has sought compensation of about Tk 12 crore from the Power Development Board (PDB) for not receiving fuel as per its requisition.
Bangladesh pavilion a hit at trade fair in India
The 10-day long India International Mega Trade and Industry Fair opened on Tuesday and the Bangladesh pavilion is already popular with all.
1st school banking conf in city today
A school banking conference, the first of its kind in Bangladesh, will be held in the city on Saturday.
Political instability to lower GDP growth: Mirza Aziz
Former caretaker government adviser Mirza Azizul Islam on Thursday said the recent political instability and its impact on export-oriented industries, small businesses and transports could cost the country about 0.6 percentage points of GDP in the current fiscal.
MD to decide on Biman’s GSA
Kevin Steele, Managing Director and CEO, said he would now be the final decision maker on all General Sales Agent (GSA) matters because of the many rumors, allegations and attempts to exert influence.
No progress in import of Myanmar electricity
Despite Bangladesh’s effort to import electricity from neighbouring Myanmar, there is no virtual progress in this regard in last two years.
Allow undisclosed money in real estate: REHAB
Real Estate and Housing Association of Bangladesh (REHAB) on Wednesday demanded among other things the scope to invest legally earned undisclosed money in the real estate sector for five to ten years from next fiscal. They placed the demands during…
Migration arrangement not a problem: Minister
Expatriates’ Welfare and Overseas Employment Minister Khandaker Mosharraf Hossain on Tuesday said the decision to send workers to Malaysia on a government-to-government (G to G) arrangement cannot be a matter of confrontation between the government and the private recruiting agencies.
Dhaka-Delhi-Thimphu meet on hydro-power Thursday
The first meetings of the India-Bangladesh-Bhutan working group on water and power and the working group on transit and connectivity will be held in Dhaka on Thursday and Friday respectively.
Ban on providing new gas connections goes
The High Court (HC) on Tuesday lifted a previous ban on providing new gas connections by the government to households and industrial units.
Demand for reconsidering VAT Act 2012
Speakers at a seminar have asked the government to reconsider the VAT Act 2012 as the poor in general are being forced to pay VAT and taxes upon every item they buy from the market. They underscored the need for…
Dr Yunus receives Congressional Award Wednesday
Nobel Laureate Professor Muhammad Yunus, the founder of Grameen Bank, will receive the US Congressional Gold Medal award on Wednesday.
Swapan Kumar Bala new DSE chief
Dhaka Stock Exchange (DSE) has appointed Prof Dr Swapan Kumar Bala as its new Chief Executive Officer (CEO).
India may export 50 coaches to Bangladesh
The Indian Rail Coach Factory (RCF) may soon export 50 AC broad-gauge coaches to Bangladesh early next year.
Amid investigation, coal exports at record levels
From the time coal is scooped from the depths of the Spring Creek strip mine in Montana’s wide-open Powder River Basin until it travels more than 6,000 miles across the Pacific Ocean to power plants in South Korea, the price…