Dhaka – The government has urged China again to sign the framework and loan agreements by mid-June for funding the Padma Bridge Rail Link project to facilitate the launching of the project by the current fiscal year.-UNB
Category: Business
Pound sterling falls sharply but UK shares rise
The pound has fallen sharply after the UK election resulted in a hung parliament. Sterling’s value had dropped overnight, and as trading got under way in London it slipped further, standing 1.7% lower at about $1.2737, with markets worried about…
Biman gears up for hajj flights
Dhaka – Biman Bangladesh Airlines has decided to take two 777-200ER aircraft on wet lease for three months to carry Bangladeshi pilgrims to Saudi Arabia smoothly during the upcoming hajj. – UNB
5 cases filed against Apan Jewellers owners
Dhaka, Jun 8 – Customs Intelligence and Investigation Directorate (CIID) on Thursday filed five cases with Dhaka Customs House against the owners of Apan Jewellers on charge of dodging customs duty on 15.13 maunds of gold seized from its branches.
Black money worth Tk 13,372cr whitened since liberation: Muhith
Sangsad Bhaban – Black money worth Tk 13,372 crore have been whitened (legalised) since the country’s independence, Finance Minister Abul Maal Abdul Muhith told Parliament on Thursday. – UNB
Asian shares drift lower as UK vote, ECB meeting loom
Hong Kong, Jun 8 (AP/UNB) – Asian stocks benchmarks were mostly edging Thursday as investors parsed economic data and awaited market-moving events in Europe, including Britain’s general election and a European Central Bank meeting.
Grameenphone starts mobile handset recycling
To celebrate World Environment Day, Bangladeshi mobile operator Grameenphone has launched its ‘Mobile Handset Recycling’ campaign. Under this initiative, Grameenphone invites customers to deposit their unused/discarded mobile handset in a drop box located at Grameenphone Centres. Grameenphone will recycle these…
Santander rescues rival Banco Popular from collapse
Spanish bank Banco Popular has been rescued from the brink of collapse by larger rival Santander for one euro. Buying Banco Popular will cost Santander 7bn euros (£6.1bn) – around 2bn euros more than analysts had expected. Banco Popular was…
Directives given to make eid journeys safe: PM
Sangsad Bhaban – Prime Minister Sheikh Hasina on Wednesday told Parliament that the government has issued a 29-point directive to make people’s journeys on highways during Ramadan and Eid-ul-Fitr safe and comfortable. UNB news agency reported
HC contempt rule against hotel owners for violation
Dhaka – The High Court Division of the Supreme Court on Tuesday issued a contempt of court rule against four owners of three restaurants for running their business in Dhaka’s Dhanmondi residential area violating its order.
Undocumented cargo truck seized at BD landport
Jessore, June 6 – Customs officials here on Monday night detained three people and seized a goods-laden truck while it was crossing Benapole port without legal documents of the goods.
BD has trade deficit with 71 countries: Tofail
Dhaka, Jun 5 – Noting that Bangladesh has trade relations with 198 countries across the world, Commerce Minister Tofail Ahmed on Monday told Parliament that Bangladesh has experienced trade deficit with 71 countries in the outgoing fiscal year – 2016-17.
Excise duty on bank accounts to impact negatively: TIB
Dhaka, Jun 5 – The additional excise duty imposed on bank accounts in the proposed budget will increase the influence of bank money in the country’s economy and it will act as a tool to protect loan defaulters, said Executive…
Trade unions and the decline of social democracy
by Simon Otjes and Anne Rasmussen In the Dutch elections on 15 March, the Labour Party (PvdA) lost three quarters of their seats, falling from 25% to 6% of the vote. The fall of the Dutch social democrats parallels the…
Apan Jewellers’ 536 Kg gold, 7,369 pieces diamond
Dhaka, Jun 4 – Customs Intelligence and Investigation Directorate (CIID) on Sunday deposited 536 Kg of gold ornaments and 7,369 pieces of diamond ornaments seized from five outlets of Apan Jewellers to Bangladesh Bank as the leading jewellers brand failed…
People are in a fix over imposition of excise duty!
We know from a report that there are 16 thousand 98 crore taka shortage of Bank capital of 6 state banks and one private bank and to meet up this shortage 2 thousand crore taka has been proposed in the…
IBBL local office organises discussion, Iftar Mohfil
Dhaka – The Dhaka Local Office of Islami Bank Bangladesh Limited organized a discussion titled ‘Taqwa Orjone Mahe Ramadan Er Bhumika” and Ifter Mahfil at BCIC Auditorium on June 4, 2017, Sunday. Md. Abdul Hamid Miah, Managing Director and CEO…
New five Taka note to be issued on Monday
A new currency note denominating taka five will be issued from Bangladesh Bank’s head office on Monday next. The new note signed by Senior Finance Secretary Hedayetullah Al Mamoon will subsequently be available in other offices of the central bank,…
Village Tiger Response Team wins ‘Bangabandhu Award’
Dhaka – The Village Tiger Response Team (VTRT), a community volunteer group supported by local conservation organisation WildTeam, has been awarded the ‘Bangabandhu Award for Wildlife Conservation 2017’ for its outstanding contributions to protecting critically endangered Bengal tigers in the…
Body formed for ground handling rules
Dhaka – The government has formed an eight-member committee for ground handling regulations for all airports in the country. The committee, constituted with Additional Secretary to the Ministry of Civil Aviation and Tourism Ziaul Haque as its convener, has been…
Country exists for Sundarbans: PM
Dhaka – Highlighting the importance of the Sundarbans for the country’s existence, Prime Minister Sheikh Hasina on Sunday said whatever project the government takes for development it does that keeping this mangrove forest in mind so that it does not…
India to introduce land port entry visa: Shringla
Brahmanbaria – India will introduce land port entry visas to Bangladeshis, said Indian High Commissioner to Bangladesh Harsh Vardhan Shringla on Saturday. He said this while talking to reporters on his way to Indian city of Agartala through Akhaura land…
Foreign investors chamber for changes budget
Dhaka, Jun 2 – The Foreign Investors’ Chamber of Commerce and Industry (FICCI) on Friday expressed its concern over a number of proposals made in the new budget and demanded addressing their concerns with necessary amendments.
Concern over bank transactions!
Heartfelt thanks to the Journalist for reporting the news title “Bank account holders are in trouble”. The problem is acute for the middle and lower middle income group which cover the majority of people of our country.
IBBL-First Security Islami Exchange, Italy remittance service inked
Dhaka – Islami Bank Bangladesh Limited and First Security Islami Exchange, Italy signed a remittance agreement to provide safe and rapid remittance services to expatriate Bangladeshis in Italy. Md. Abdul Hamid Miah, Managing Director and CEO of Islami Bank Bangladesh…
Sustainability of leather industry seminar held
Waalwijk, Netherlands May 30 – Stahl resumed its commitment to putting transparency into action with Sustainability Seminar in Bangladesh. On May 25 Michael Costello, Director Sustainability at Stahl, led a leather seminar in Dhaka. With this seminar, the market leader…
11 businesses fined TK Tk 2.92 lakh in city
Dhaka – A mobile court here on Tuesday fined some 11 business establishments Tk 2.92 lakh at Karwan bazaar kitchen market in the city on Tuesday for various irregularities.The mobile court, conducted by Dhaka North City Corporation (DNCC), also evicted…
The Ocean Conference: An integrated vision must be delivered
By Jan Kellett UN, May 24 (IPS) – In March 2015 at the Sendai World Conference for Disaster Risk Reduction, the then President of Kirbati, Anote Tong, made it very clear how vulnerable his country was to climate and disaster…
Valuing water beyond the money
By Paula Fray Johannesburg, May 29 (IPS) – Amid the worst drought in a century, South Africans are kick-starting a global consultative process to agree on the values of water in a bid to ensure more equitable use of the…
Protest mustn’t bring public suffering: Obaidul
Dhaka – Slamming the recent student protest at Jahangirnagar University, the Minister for Road Transport and Bridges Obaidul Quader said blocking roads triggering suffering of thousands of people for the death of two students cannot be a form of protest.…