The New York Times is reporting that Jack Ma, the co-founder and executive chairman of Chinese e-commerce behemoth Alibaba Group, is retiring.
Category: Business
Talks on world’s first treaty to regulate high seas begins
After several years of preliminary discussions, the United Nations has begun its first round of inter-governmental negotiations to draft the world’s first legally binding treaty to protect and regulate the “high seas”—which, by definition, extend beyond 200 nautical miles (370…
IBBL-State Bank of India view exchange meeting held
Dhaka, Sept 6 – A view exchange meeting was held between Islami Bank Bangladesh Limited and State Bank of India on 5 September 2018 at Islami Bank Tower.
Unilever becomes Bangladesh cricket team sponsor
A prominent consumer goods multinational company Unilever Bangladesh Limited (UBL) has become the new sponsor of the national cricket team for a period up to January 2020.
Cells in BD government banks to recover default loans
Dhaka, Sept 6 – Each of the state-owned commercial banks (SCBs) will have to put in place a dedicated supervision cell to oversee cases of default loan worth Tk. 100 crore and above and take measures to recover the money.
IBBL agent banking outlet at Banskhali, Chittagong
Dhaka, Sept 5 – The Islami Bank Bangladesh Limited inaugurated its Agent Banking outlet in Chambal Bazar of Banshkhali, Chattagram on 4 September 2018 Tuesday. Mohammed Monirul Moula, Additional Managing Director of the Bank inaugurated the outlet as chief guest.
AIIB expected to finance BD rural water supply project
The Beijing-based new bank already financed projects in rural electrification Dhaka, Sep 4 – Bangladesh is likely to receive another funding from newly established Asian Infrastructure Investment Bank (AIIB) for improvement of drinking water supply and sanitation facilities in the rural…
BD Financial Intel Unit holds first town hall meeting in Teknaf
Dhaka, Sept 4 – The Bangladesh Financial Intelligence Unit (BFIU) organized first town hall meeting through lead bank system on “Money Laundering and Combating Financing of Terrorism” with the participation of all employees and managers from all scheduled banks working…
No human-hauler to run in capital: Dhaka Police chief
Dhaka Metropolitan Police (DMP) Commissioner Asaduzzaman Mia on Thursday said no human-hauler, locally named as Leguna, will be allowed to ply the streets of the capital.
IBBL holds workshop on audit conduction and compliance
Dhaka, Sept 3 – The Islami Bank Bangladesh Limited organized a workshop on Audit Conduction and Compliance on Monday 3 September 2018 at Islami Bank Tower.
Workers’ rep in TUs being reduced from 30pc to 20pc
The Cabinet on Monday approved in principle the draft of Bangladesh Labour Act (Amendment) Bill, 2018 with more facilities for workers and reducing the workers’ threshold to 20 percent from the existing 30 percent for forming trade unions.
‘Belt & Road for not only China but also countries along it’
AKM Moinuddin, Back from Xinjiang, China Dhaka, Sept 3 – China has said the Belt and Road Initiative (BRI), proposed by Chinese President Xi Jinping, is not only for the development of China but it is also an answer for…
‘Ghost ship’ in Myanmar: For scrapping in Ctg?
Dhaka, Sep 2 – Myanmar officials investigating a ‘ghost ship’ found mysteriously drifting near the Yangon region this week have found the answer to its fate, reports BBC.
Head-on collision of two busses in Rangpur kills 7
Rangpur, Sept 2 – At least seven people were killed and 50 others injured in a head-on collision between two buses at Seo Bazar in the city on Sunday. The identities of the deceased could not be known yet. The accident…
5 Hurt as plane skids off runway at Kathmandu Airport
Kathmandu, Sep 3 – A domestic aircraft of a private air service provider skidded off the runway of Tribhuvan International Airport (TIA) in Kathmandu, injuring five passengers on board, reports NDTV. The ‘aircraft was carrying 21 passengers from Nepalgunj to Kathmandu. It…
BD workers among 500 undocumented migrants held in Malaysia
Dhaka, Sep 01 – The Immigration Department of Malaysia on Saturday detained at least 500 undocumented migrants, including Bangladeshis, during a nationwide crackdown against ‘illegal’ immigrants.
Dhaka Police file 3000 cases: Fine vehicles Tk 1.5 million
Dhaka– Traffic Department under Dhaka Metropolitan Police (DMP) filed 2921 cases and collected fines amounting to Tk 15.46 lakh (over 1.5 million) during the daylong drive against traffic rules violators in the capital on Friday.
Driver, conductor rape girl in bus: Hunt on to nab them
Tangail, Sept 1 – An assistant of a bus driver has been arrested on the charge of raping a disabled teenaged girl along with two of his accomplices in a moving bus near Ibrahimabad Rail Station at Bhuapur area of…
Thousands of undocumented BD workers fear arrest in Malaysia crackdown
Md Owasim Uddin Bhuyan Thousands of undocumented Bangladeshi migrant workers in Malaysia are in fear of arrest as the Malaysian authorities were set to launch a massive crackdown on them on Friday.
Dubai’s RTA to deploy 368 ‘smart’ school buses to increase safety
Dubai’s Roads and Transport Authority (RTA) has announced that it will deploy 368 “smart” buses to transport about 8873 students in 17 schools during the new academic year that begins in September. The school service is operated by the RTA’s…
Air France to deploy A380 on Paris-Dubai route
Air France plans to temporarily deploy an Airbus A380 on its Paris-Dubai route in January 2019, according to aviation website Routesonline. The airline filed operational aircraft changes for the Paris Charles de Gaulle-Dubai service earlier this month, it said. The…
Private car catches fire on Gazipur highway, gutted
Gazipur, Sept 1 – A private car was gutted as a fire broke out in it on Dhaka-Mymensingh highway at Masterbari in the city on Saturday morning.
Addressing Bangladesh’s age-old public transportation system
By Naimul Haq Dhaka, Aug 31 2018 (IPS) – After the recent student uprising in Bangladesh, and despite increased policing on the streets and amendments to the traffic laws, there has been criticism that things have not changed significantly enough…
South Asia’s transport corridors can lead to prosperity
Martin Melecky This blog is based on the report The Web of Transport Corridors in South Asia — jointly produced with the Asian Development Bank, the United Kingdom’s Department for International Development, and the Japan International Cooperation Agency No doubt,…
Dhaka not to pursue US anymore for GSP: Tofail
Commerce Minister Tofail Ahmed on Thursday said Bangladesh does not require the Generalised System of Preference (GSP) facility from United States as the country does not get the facility on its most exported items to US.
BIMSTEC leaders for enhancement of connectivity
The heads of state and government of the seven-nation Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) at its 4th summit in Kathmandu have reiterated the need for enhancing connectivity within the member states.
Oman says new Duqm airport terminal to open next month
A new passenger terminal at Oman’s Duqm International Airport is set to begin operations next month, Oman’s Ministry of Transport and Communications said. In a series of tweets, the ministry said that construction work had been completed along with basic…
Etihad to continue losses through 2022, says Fitch
Abu Dhabi’s Etihad Airways is expected to continue making losses through to 2022, according to a report by ratings agency Fitch. The company said there was a “high execution risk” in Etihad’s turnaround plan but affirmed its long-term A rating…
$500bn mega zone NEOM appoints Khowala as tourism head
Saudi Arabia’s $500bn mega city project NEOM has appointed Aradhana Khowala as its managing director of tourism. Khowala is CEO and founder of hospitality and tourism consulting practice Aptamind Partners, which advises governments, investors and other organisations. Her appointment was…
HC issues contempt rule against Home Secy, IGP
Dhaka, Aug 30 – The High Court Division of the Supreme Court yesterday issued a contempt of court rule against the Home Secretary, Inspector General of Police (IGP) and Chairman of Bangladesh Road Transport Authority (BRTA) on the charge of…