The government will start construction work on the much-talked-about Padma Bridge project within this year, reiterated Finance Minister AMA Muhith on Wednesday.
Category: Business
Unrest hurting Bangladesh economy: IMF
International Monetary Fund said unrest in recent months in Bangladesh is affecting economic activity of the country.
Dollar weakens in Asia after poor US data
The dollar fell against the yen and euro in Asian trade on Tuesday after weaker-than-expected US manufacturing data sparked renewed fears about the state of the world’s biggest economy.
ADP execution rate low in 34 ministries
Some 34 of the 54 Ministries and Divisions witnessed lower actual or physical progress compared to the actual national average implementation rate of 91 percent in the Revised Annual Development Program (RADP) of the last fiscal year (2011-12).
Gradual increase of CNG price suggested
Recommending gradual shutdown of CNG conversion workshops by 2015 and levying higher taxes on CNG-run vehicles to discourage its use, state-owned Petrobangla recently placed a draft ‘Gas Utilisation Guideline’ with the Energy Ministry to prioritise different sectors for the use…
Cash sections of BB branches open on Saturdays
The cash sections of all the branches of the Bangladesh Bank (BB), including that of security and PAD (payment against deposit), will remain open on Saturdays, assistant spokesperson of the central bank said on Thursday.
GSP “crucial” for Bangladesh: Mozena
GSP facility is crucial for Bangladesh to benefit from the ongoing World Trade Organisation (WTO) negotiations for duty-free access of products from Least Developed Countries (LDC), US ambassdor Dan Mozena has said.
Power load-shedding likely to go up
Already experiencing blackout on a limited scale as the authorities began supplying additional electricity to the farmers for irrigation, the extent of load shedding in the urban areas will gradually go up with the hot summer approaching from first half…
BTRC to issue VoIP licence to 844 cos
The Bangladesh Telecommunication Regulatory Commission (BTRC) will begin issuance of VoIP (Voice over Internet Protocol) licences from March 25 legalising the business, according to informed sources.
Violent hartal harmful for nation: Muhith
Underling the need for putting an end to hartal culture, Finance Minister AMA Muhith on Wednesday said hartal becomes harmful for the national when it turns violent.
Ensure uninterrupted gas, power supplies: DCCI
President of Dhaka Chamber of Commerce and Industry (DCCI) M Sabur Khan on Wednesday called upon the government to ensure uninterrupted supply of gas, power and energy to industries in the country’s greater economic interest.
Walmart ‘to reduce reliance on Bangladesh’
Wal-Mart Stores (WMT), the world’s biggest retailer, could move some of its apparel manufacturing out of Bangladesh, according to a report published in Women’s Wear Daily.
Dhaka accounts for Delhi’s 84 pc arecanut imports
India’s arecanut imports from Bangladesh constituted 84 percent of the total imports during the first nine months of 2012-13.
Biman’s new MD joins office
Kevin John Steele, the new Managing Director of Biman Bangladesh Airlines Ltd, joined his new assignment on Monday.
ADP implementation 44pc in first 8 months
The implementation progress of the Annual Development Programme (ADP) in the first eight months (July-Feb) of the current fiscal (2012-13) reached 44 percent, 6 percent higher than the rate achieved during the corresponding period of the previous fiscal (2011-12).
Garment exporters want shutdowns called off
The country’s apparel businesses have urged the BNP and its partners to call off their planned shutdowns for Monday and Tuesday.
DSE gains, CSE dips at closing
Share prices at the country’s premier bourse, Dhaka Stock Exchange (DSE) showed positive trend while that at Chittagong Stock Exchange (CSE) dip at closing on Thursday, the last trading day of the week.
Google announces Android leadership change
Sundar Pichai is replacing Andy Rubin as the head of the Android operating system, announced Google CEO Larry Page on the group`s blog.
9,000 new auto-rickshaws for Dhaka, Ctg soon
Communications Minister Obaidul Quader on Wednesday said 9,000 more CNG-run auto-rickshaws will join within the next 45 days the fleets of the existing ones plying in Dhaka and Chittagong cities.
Oil falls below $92 a barrel on weak China data
The price of oil fell below $92 per barrel Tuesday as traders absorbed the impact of choppy economic data from China and stock markets showed signs of fatigue after big gains.
Chinese delegation meets local business leaders
A Chinese business delegation paid a courtesy call on country’s apex trade body Federation of Bangladesh Chambers and Commerce Industries (FBCCI) and Dhaka Chamber of Commerce and Industries (DCCI) leaders on Thursday.
Central bank branches to remain open Saturday
All branches of Bangladesh Bank (BB) will also remain open partially on Saturday next in public interest and in terms of favouring commercial banks.
European IT firms in city for business decisions
Thirteen European IT companies are currently visiting Dhaka to attend B2B matchmaking meetings with Bangladeshi IT firms. Around 200 meetings will take place on March 6 and March 7 at the Bangladesh Association of Software and Information Services (BASIS) Auditorium…
Bank investment limit in stocks to be reset
The government has approved on principle a proposal to stop illegal banking and reset the ceiling for the banks to invest in the share market.
Senior business leaders for dialogue to end crises
Senior business leaders have called for an immediate dialogue among the major political parties to resolve the ongoing political crisis in the interest of the country’s economic development and to save lives and properties of the people.
Padma Bridge with local fund: PM
Prime Minister Sheikh Hasina on Saturday said the much-awaited Padma Bridge would be constructed with local funding.
WB eyes poverty cut efforts with anti-graft measures
The World Bank President has said they can work with Bangladesh for a faster poverty cut with ‘governance and anti-corruption measures in place’ amid the saga of a fracas between the two over Padma bridge funding.
8 banks’ capital deficit Tk70bln
State-owned banks, private banks and eight other financial institutions have a capital deficit of over TK 71.49 billion and five banks have a provision deficit of over Tk 21.2 billion, Finance Minister AMA Muhith told the parliament.
Bahrain to recruit 20,000 workers
Bahrain is willing to hire manpower from Bangladesh under government-to-government arrangements following the footsteps of Malaysia and Hong Kong, the Expatriates’ Welfare and Overseas Employment Minister said on Sunday.
Economic census from Mar 31
The government will conduct an economic census across the country from Mar 31 to May 31 this year.