At least 16 people have died after a US military plane crashed in the southern state of Mississippi at around 16:00 local time (21:00 GMT) on Monday.
Category: Business
Himachal Pradesh private cos surrender hydro power projects
In a remarkable trend emerging in hydro sector in Himachal Pradesh, many leading private companies have started surrendering hydro power projects allotted to them by State Govt. As per the news report, Tata Group, Reliance, Jindal and Larsen & Toubro…
1997 Asian Crisis lessons lost
By Jomo Kwame Sundaram Kuala Lumpur (IPS) – After months of withstanding speculative attacks on its national currency, the Thai central bank let it ‘float’ on 2 July 1997, allowing its exchange rate to drop suddenly. Soon, currencies and stock…
Bus ferry service faces closure for lack of channel dredging
Dhaka – The Shimulia-Kathalbari ferry route is likely to be suspended anytime as the finance ministry has shown apathy to provide money for the maintenance dredging for the channel, sources said. The closure may cause serious inconvenience to the people…
Export growth 15 years’ low
Bangladesh exports have grown by a meagre 1.69 percent in the year to June, with its slowest pace in 15 years.Exports fell 15.27 percent year-on-year to $3.04 billion in June, the last month of the fiscal year, according to the…
List of 100 top loan defaulters placed in Parliament
Placing a list of the country’s top 100 loan defaulters in Parliament, Finance Minister AMA Muhtih on Monday said the amount of the classified loan now stands at Tk 111,347 crore.“As per the data of the Credit Information Bureau (CIB)…
Stock prices mark rise
The Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed upward trends in the early hours of trading on Monday.DSEX, the benchmark index of DSE, rose over 38.80 points or 0.67percent to stand at 5,813.10 at 12:38 pm.The DSE…
SC orders removal illegal stairs of Dhaka’s Hanif Flyover
Dhaka – The Appellate Division of the Supreme Court on Monday upheld the HC order asking the authorities concerned to remove all the illegal stairs at different points of Mayor Mohammad Hanif Flyover’s Jatrabari-Syedabad section. A three-member Appellate Division bench…
US lifts laptop ban on Kuwait Airways, Royal Jordanian
Kuwait: Kuwait Airways and Royal Jordanian have become the latest Middle Eastern airlines to let passengers take laptops in the cabin on US-bound flights. Both carriers said they had worked with US officials to tighten security checks on flights from…
Abducted BNP leader Ilyas Ali’s wife stopped from going to Uk
Tahsina Rushdir Luna, the wife of missing BNP leader M Ilias Ali, on Sunday alleged that she was obstructed by immigration officers at Shahjalal Airport from going to the UK for joining her son’s graduation ceremony.Talking to UNB, Luna said…
BD’s agri produces have greater export prospect: Amu
Dhaka – Industries Minister Amir Hossain Amu on Saturday said Bangladesh’s agricultural produces, such as vegetables, spices and fruits have huge untapped potential and could potentially be exported to other countries, including India, as they expand operations. -UNB
Plan to export power from Nepal to Bangladesh
GMR Upper Karnali Hydropower, the developer of the 900 MW Upper Karnali Hydroelectric Project, is preparing to sign a power purchase agreement (PPA) with the Bangladeshi government to evacuate energy produced by the scheme to Bangladesh via India, GMR officials…
Samsung Electronics reports record quarterly profit
Samsung Electronics has reported a record quarterly profit thanks to surging global demand for memory chips. The South Korean tech giant reported an operating profit of 14 trillion won ($12bn; £9.3bn) in the three months to June, up 72 per…
Global shares mostly higher, shrugging off NKorea concerns
Hong Kong – Shares rose Wednesday, reversing early losses as investors shrugged off concerns over North Korea’s launch of a long-range missile a day earlier. Trading was thin following the U.S. Independence Day holiday. Investors are looking ahead to the…
Govt to import 5 lakh mts crude salt
Dhaka – The government will import some 5 lakh metric tonnes of crude salt to meet the domestic demand, keep its price and supply stable in the market as its local production has marked a fall. -UNB
Intensive aquaculture for sustainable shrimp industry
by Leon Kaye Once a rare delicacy, aquaculture has allowed shrimp to become a popular and affordable form of animal protein. Emerging economies such as China, Indonesia and Bangladesh view shrimp production as one path towards boosting jobs and exports.…
10 Gazipur RMG factories to remain closed Tuesday
Gazipur, July 4 – The authorities of 10 ready-made garment (RMG) factory in the city’s Nayarapara area kept their factories closed for Tuesday following a boiler blast in Multi-Fabs Ltd garment factory that killed nine garment workers.
Prospects for any Doha agri accords at MC11 bleak
Geneva (D. Ravi Kanth) — The African Group of countries, particularly the Cotton-four – Benin, Burkina Faso, Mali and Chad – are going to be left high and dry at the World Trade Organization’s eleventh ministerial meeting (MC11) at Buenos…
Facebook drone could one day provide global internet access
Yuma, Jul 3 (AP/UNB) – A solar-powered drone backed by Facebook that could one day provide worldwide internet access has quietly completed a test flight in Arizona after an earlier attempt ended with a crash landing.
Truck hits car, injures Khaleda aide Habib, 5 others
Natore, July 2 – A car carrying BNP chairperson Khaleda Zia’s adviser Habibur Rahman Habib along with his family members was hit by a truck in the Kashikata area on Natore-Bonpara highway in Gurudaspur upazila on Sunday, leaving him and…
IBBL business review meeting held
Dhaka – Islami Bank Bangladesh Limited organized a business review meeting for its Dhaka region at Islami Bank Tower on July 02, 2017, Sunday. Md. Abdul Hamid Miah, Managing Director and CEO of the Bank presided over the meeting.
Citycell CEO gets bail in bank loan embezzlement case
Dhaka – A court here on Sunday granted bail to Mehboob Chowdhury, the chief executive officer (CEO) of mobile phone operator Citycell, in a case filed for embezzlement of bank loan. -UNB
Training for stock market beginners July 16
Dhaka, Jul 2 – The Dhaka Stock Exchange (DSE) is going to arrange a 7-day training programme entitled ‘The Basics of Investment Procedures’ for the share market beginners.
Trader robbed, hacked to death in Jessore
Dhaka, Jul 2 – Some unidentified miscreants hacked a trader to death and escaped with his bag full of money on Saturday night at Dolakhola intersection of Monirampur upazila in the district of Jessore.
Swiss banks no longer have Swiss confidentiality?
Dhaka – The Swiss National Bank launched a series of annual reports titled ‘Banks in Switzerland 2016’ on Thursday revealing that deposits by Bangladeshis in Switzerland’s different banks rose rose by about 20 percent year-on-year in 2016.
Deposits by ‘AL men’ in Swiss banks rising: BNP
Dhaka – BNP on Friday alleged that the deposits by Bangladeshis in Switzerland’s different banks marked a sharp rise as the ‘ruling party’ men are siphoning off their ill-gotten money there. -UNB
Trump travel ban comes into effect
People from six mainly Muslim countries and all refugees now face tougher US entry due to President Donald Trump’s controversial travel ban. It means people without “close” family or business relationships in the US could be denied visas and barred…
US approves 1st arms sale to Taiwan under Trump
Washington, Jun 30 (AP/UNB)- The State Department has approved arms sales to Taiwan worth a total of $1.4 billion, the first such deal with the self-governing island since President Donald Trump took office, officials said Thursday.
Parliament passes Tk 4,00,226cr nat’l budget for FY 2017-18
Dhaka – Parliament on Thursday passed the Tk 4,00,226 crore national budget for FY 2017-18 with a growth target of 7.4 percent, expecting to open up a new horizon for Bangladesh through some initiatives ahead of the next general election.…
US sets new visa rules for 6 mainly Muslim nations, refugees
Washington — The Trump administration on Wednesday set new criteria for visa applicants from six mainly Muslim nations and all refugees that require a “close” family or business tie to the United States. –AP/UNB