Mahbub Alam and Alhaj M Nurun Nawaz have been elected president and senior vice president of Chittagong Chamber of Commerce Industry (CCCI) for the 2013-2014 tenure.
Category: 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).
Review of WB-assisted projects
The government and the World Bank on Saturday jointly completed a portfolio review of selected World Bank-supported operations inBangladeshto further enhance project implementation and disbursement rates.
Hallmark scam perpetrators should be punished
The perpetrators of the Hall-Mark Group loan scam should be punished for their forgery and corruption, and an administrator may be appointed to the group, if necessary, for carrying out its operations.
Padma bridge project outlay Tk 6,852cr: Muhith
Finance Minister AMA Muhith on Saturday said he would come up with a clear outline within a week on implementation of the multibillion-dollarPadmaBridgeproject with the government’s own resources.
Investment flow to go up despite hartal: Muhith
Finance Minister AMA Muhith on Thursday hoped that the investment flow into the country would be a bit higher this fiscal despite various difficulties and attempts to create awkward situations.
Land ports to remain open on weekly holidays
All the land ports of the country will remain open on weekly holidays (Fridays and Saturdays) until issuance of further order for keeping the export-import activities uninterrupted.
WB for investment in quake resilient infrastructures
The World Bank (WB) is interested in a multibillion-dollar investment for increasing the earthquake resilience of infrastructures in Bangladesh in the coming years, said WB acting head of its country office here Christine E Kimes on Thursday.
Share prices down, turnover record low
Share prices at the country’s both bourses—Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) –- witnessed substantial fall as the turnover plunged to record low on Wednesday.
India risks losing Bangla, Lanka power projects to China?
Chinamay wrest power projects away fromIndiainSri LankaandBangladesh, thwarting its bid to exert economic and strategic influence in the neighbourhood by developing infrastructure.
Weak Oracle sales, Cyprus fears weigh on US stocks
Stocks closed lower on Wall Street Thursday after Oracle’s weak sales results weighed down big U.S. technology companies. Traders also worried about Cyprus running out of time to avoid bankruptcy.
Bangla-India SME seminar in city today
A daylong seminar on ‘Micro, Small and Medium Enterprises’ (MSME) will be held at the CIRDAP auditorium here Saturday seeking to build a strong tie between the two friendly countries in the specialised sector.
Small tech interventions can boost SMEs: Envoy
Appreciating the SME sector’s growing role in the Bangladesh’s economy, Indian Deputy High Commissioner Sandeep Chakravorty on Thursday said small interventions in terms of technology and capital can give a big boost to productivity and profitability of the sector.
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).
Investors prefer BD to Thailand-Malaysia
Foreign investors are choosing Bangladesh as investment destination due to low labour cost comparing to that of other countries, including China and Vietnam.
25 Bangladesh missions miss export targets
Twenty-five of the Bangladesh missions abroad could not achieve their export targets for the July-January period of the current fiscal (2012-13), mostly because of the slow pace in export growth.
DCCI seeks US investment in renewable energy
President of Dhaka Chamber of Commerce and Industry (DCCI) M Sabur Khan on Saturday urged the US entrepreneurs to invest in Bangladesh’s renewable energy sector.
Lanka’s Hambantota Port offers better facilities to B’desh
Sri Lanka offers special concessions and incentives to Bangladeshi traders interested in availing themselves of the facilities at the newly-built Hambantota Deep Seaport along the southern harbour of the Island country.
FBCCI team off to Mumbai
A delegation of the Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) left Mumbai on Wednesday to join the ‘Second India Engineering Sourcing Show’.
Sammilta Parishad wins BGMEA polls
Sammilta Parishad has swept the election to BGMEA, the apparel sector’s trade body, bagging 21directors’ posts out of 27.
China eyes India trade boosting investment in Nepal
China’s ambassador to Kathmandu was recently pictured in a traditional Nepali cap and silk scarf, digging with a spade to symbolise the laying of the foundations of a new dry port near the Tibet border.
BGMEA voting ends, ballot count on
Counting votes began as Bangladesh Garment Manufacturers and Exporters Association (BGMEA) biennial polls for the 2013-2014 tenure ended peacefully on Sunday.
Political crisis needs to be resolved politically: Apparel exporters
Leaders of Sammilito Parishad, a platform which is contesting the BGMEA polls, on Thursday said they do not want to advise political parties but requested them to solve the political crisis politically through dialogue instead of enforcing hartals.
Bangladesh single-country trade fair in Myanmar
Bangladesh’s single-country ‘Trade Fair 2013’ kicked off at the office of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) in Yangon Wednesday, aiming to popularise Bangladeshi products.
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.
Govt signs credit deal with WB
Bangladesh Government and International Development Association of World Bank (WB) signed a credit deal of Tk 274 crore on Wednesday morning.
IMF approves $278.8 mn aid
The International Monetary Fund (IMF) has approved a financial aid of USD 278.8 million to Bangladesh.
100 RMG workers fall sick in Savar
At least 100 workers of a garment factory fell sick from food poisoning at Nischintapur in Ashulia Saturday night.
3,000 RMG workers receive fire safety training
Over 3,000 mid-level workers of ready made garment factories have received training on fire safety till Saturday. The burgeoning industry’s apex body Bangladesh Garment Manufacturers and Exporters Association (BGMEA) initiated the crash programme in the wake of the Nov 24…