Dhaka, Feb 1 (UNB) – Bangladesh filed a case against Rizal Commercial Banking Corporation (RCBC) of the Philippines’ over the heist of $81 million from Bangladesh Bank’s account with the Federal Reserve Bank of New York. The case was filed…
Category: Business
Mobile users in Bd nearly 12 million up in 2018
Dhaka, Jan 31 (Xinhua/UNB) – The total number of Bangladesh’s mobile phone subscribers hit about 157 million at the end of 2018, with addition of nearly 12 million new users in last year, statistics of the country’s telecom regulator showed Thursday.…
Delhi invites Dhaka business community to Maritime Conclave
Dhaka, Jan 31 (UNB) – India has invited Bangladesh business community, particularly those from shipping and waterways industries, to attend ‘Maritime Conclave 2019’ to be held in Bhubaneswar, Odisha on February 14-15. “Besides presenting opportunities for investment in the maritime…
Rooftop solar power sale growing fast in Dhaka city
Dhaka, Jan 31 (UNB) – The sale of unconsumed rooftop solar electricity to government power distribution entities is rising fast in the capital city. According to the latest statistics placed in a review meeting at Power Division, the number of…
China’s factory activity shrinks
Chinese factory activity contracted for a second straight month in January, the official Purchasing Managers Index (PMI) showed. The index ticked up to 49.5, but remained below the 50-point level that separates growth from contraction. China reported its weakest economic…
New monetary policy unveiled: Surplus liquidity Tk 793 bn
Central bank set to file case over its heist Wednesday night Dhaka, Jan 30 – Bangladesh Bank on Wednesday unveiled its monetary policy statement (MPS) for the second half (January-June) of the 2018-19 fiscal year. Central bank Governor Fazle Kabir…
HC asks police to produce Jamuna Bank director
Dhaka, Jan 29 – The High Court (HC) on Tuesday ordered police to produce Jamuna Bank Managing Director Shafiqul Alam before it on February 12, if he would not appear before the court willingly in accordance with its order. The…
US charges China’s top Huawei official with stealing secrets
Washington, Jan 29 (AP/UNB) — The Justice Department unsealed criminal charges Monday against Chinese tech giant Huawei, a top company executive and several subsidiaries, alleging the company stole trade secrets, misled banks about its business and violated U.S. sanctions. The…
United Nations: Global FDI flows fell by 19% last year
Geneva, 22 Jan (Kanaga Raja) – United Nations, Global FDI flows, fell by 19%. last year. In its latest Investment Trends Monitor (Issue 31 of Jan United Nations, Global FDI flows, fell by 19%. last yearly 2019), UNCTAD said the…
Should elephant play be called extortion trade?
Dhaka, Jan 29 (Xinhua/UNB) — Elephants, sometimes adorned with jewels and gaudy, decorative garments, are not an uncommon sight on the streets in many parts of Asia. They can be seen ridden by their mahouts (riders or keepers) in public…
US-Bangla crash: Distracted pilot, bad runway approach seen
Report unilateral, did not mention ATC’s fault, says Bangladesh official Dhaka, Jan 28 – The US-Bangla Airlines aircraft was misaligned with the runway and its pilot was disoriented and tried to land in “sheer desperation” when it crashed last year…
Aziz Khan named ‘Global Asian of the Year’
Dhaka, Jan 28 – Summit Group Chairman Muhammed Aziz Khan has been recognised as the ‘Global Asian of the Year 2018’ under the Power & Energy category by AsiaOne magazine for his contribution to the sector. The award ceremony was…
Bd Shipping Corpn must carry 50pc of seaborne trade cargo
Dhaka, Jan 28 (UNB) – The Cabinet has approved in principle the draft of the Bangladesh Flag Vessels (Protection) Bill 2019 with a provision stating that at least 50 percent instead of the existing 40 percent of the seaborne cargoes…
Bangladeshi ‘Khirshapat mango’ gets GI certification
Dhaka, Jan 26 (UNB) – The Khirsapat mango of Chapainawabganj, popularly known as Himsagar, has got the Geographical Indication (GI) tag as third Bangladeshi product after Hilsa and Jamdani. The development comes after the Bangladesh Agricultural Research Institute applied for…
Tourist ship Silver Discoverer arrives Sunday in Sundarbans
Bagerhat, Jan 26 (UNB) – Silver Discoverer, a cruise ship operated by Silver Sea Cruise, will reach the Mongla port here on Sunday with 53 tourists from five different countries to visit the Sundarbans, a Unesco world heritage site. They…
WB new scheme to privatize land in developing world exposed
Oakland, CA – In advance of the release of the World Bank’s 2019 Enabling the Business of Agriculture (EBA) report, the Oakland Institute exposes the Bank’s new scheme to privatize land in the developing world. The Highest Bidder Takes It…
Making tourism more responsible
Long before Joy Daniels became the manager of a travel company she was cleaning rooms at a guesthouse. But after joining a Fair Trade-certified business, a place that valued its staff, in a few years she was soon promoted to…
5 fatally shot inside Florida bank, suspect arrested: Police
A gunman opened fire inside a Florida bank Wednesday, killing five people before surrendering to a SWAT team, police said. The shooter called police to report that he had fired shots inside the bank in Sebring, in central Florida. Negotiations…
Fire burns Nat’l Jute Mills in Sirajganj
Around 400 bales of jute were gutted in the fire that broke out at National Jute Mill at Raipur in Sadar upazila on Wednesday.
Seventh span of Padma Bridge installed Wednesday
Around 900 meters of the much-hyped Padma bridge is visible now following the installation of another span named F-6 on the pillars no 36 and 37 on Wednesday.
Prime Insurance bags prestigious SAFA Award
January 23, 2019: An ISO certified insurance company Prime Insurance Company Limited has bagged prestigious South Asian Federation of Accountants (SAFA) Award for its published accounts for the year 2017 in the insurance category.
Jamuna Bank security guard found dead
Dhaka, Jan 21 – The police recovered the body of a security guard from a Jamuna Bank ATM booth in the capital’s Baridhara area on Monday morning. The deceased was identified as Shamim, 24.
Uniform mortal remains repatriation cost for expats urged
Migrant Forum of Asia A call has gone out for unified rates across the GCC to repatriate the mortal remains of Indian expatriates. This comes as India’s national carrier, Air India (AI), introduced new levies, after its earlier method of calculating freight…
BB moves to file case against cyber heist in US court
Dhaka, June 2- – Finance Minister AHM Mustafa Kamal yesterday said Bangladesh Bank (BB) is taking all sorts of preparations to file a case with a New York court by the end of January to recover the whole money heisted…
Garment workers demand withdrawal of false cases
Dhaka, Jan 18 – ‘Bangladesh Garments Sromik Songhoti’ on Friday formed a human chain in front of the national press club in the capital and demanded the withdrawal of false cases against their fellows, which have filled after the protest…
Chinese cos give Dhaka US$4bn 2000mw coal-based power deal
Dhaka, 18 Jan – GCM Resources plc and POWERCHINA (a People’s Republic of China Central Government State Owned Enterprise) signed a Joint Venture Agreement and EPC Contract for the development of 2,000MW of mine-mouth coal-fired power plants with an approximate…
Fire breaks out at closed jute mill in Chittagong
A fire broke out at a closed jute mill in the city’s AK Khan area on Friday afternoon.
Pound rises after Brexit vote
The pound has risen after MPs voted to reject Theresa May’s Brexit deal by 230 votes. The vote opens up a range of outcomes, including no deal, a renegotiation of Mrs May’s deal, or a second referendum. Sterling rose 0.05%…
Stocks go up on large-cap vibe
Stocks witnessed upward trend on Tuesday as major indices of both Dhaka and Chittagong Stock Exchanges were found rising trend with higher activities of some large-cap securities.
Effluent treatment unit at Savar Tannery to work soon
Industries Minister Nurul Majid Mahmud Humayun on Tuesday said the work on the Central Effluent Treatment Plant (CETP) at Savar Tannery Estate will complete soon for smooth management of solid waste.