At least 200 workers of a readymade garments factory at Ashulia in Savar fell sick on Thursday night after eating food provided by the factory office.
Category: Economy
Fire in RMG factory in Gazipur
A devastating fire damaged property worth around Tk 1.5 crore of Surichala Textile and Dyeing Factory at Kaliakoir of the district. The fire originated from an electrical short circuit of Melba textile section waving machine around 2:00 pm Friday.
Hall-Mark Chairman granted bail
A Dhaka court on Thursday granted bail to Hall-Mark Group Chairman Jesmin Islam in 11 cases filed by Anti-Corruption Commission (ACC) for Sonali Bank loan scam. Senior Special Judge M Jahurul Haque granted the bail after hearing of the cases.
Chinese lead Padma race
After withdrawing request for World Bank funding for the $2.9 billion Padma bridge, Bangladesh is toying with three foreign options, but informed sources say the Chinese are clearly ahead of India and Malaysia.
‘Tap capital market for Padma bridge’
The Dhaka Stock Exchange (DSE) has suggested that the Bangladesh government consider tapping capital markets for funding the construction of the Padma Bridge.This comes in the wake of the government’s decision to withdraw request of World Bank financing of the…
Destiny illegally transacted Tk 31 bln
A government investigation found evidence of illegal and suspicious transactions of around Tk 31billion by Destiny 2000 Ltd, a multi-level marketing company, the Commerce Minister told Parliament on Sunday. Replying to a written question by Sadhana Halder MP, Ghulam Muhammed…
India, China, Malaysia want to fund Padma bridge: Quader
Communication Minister Obaidul Quader on Friday said Malaysia, China and India are interested in bridging the Padma, hours after Bangladesh formally withdrew its bid to secure World Bank funding for the $2.9-billion bridge. “The funding will be confirmed within this…
Smart garment bosses remanded
A Dhaka Court on Wednesday placed Chairman of Smart Garments Zakir Ahmed and Managing Director Sharif Ahmed on a 2-day remand for police interrogation. Metropolitan Magistrate Hasibul Haque granted the remand when police produced him before the court with a…
UK could lose AAA credit status in 2013
Economists are warning that Britain’s lifeless economy and slow progress in spending cuts endangers its privileged AAA credit status, which may be downgraded by credit ratings agencies this year. This week, thirty-one economists surveyed, gave a median 60 percent chance…
DSE gaining
The key index of Dhaka Stock Exchange gained more than 58 points to stand at over 4,149 points after two hours of trade on Tuesday. Shares and mutual funds worth over Tk 1.78 billion changed hands with 219 issues gaining,…
Stocks end positive Monday
The prices of the most shares on the country’s premier bourse increased on Monday, to continue upward trend for the fifth consecutive day. The benchmark General Index of DSE, gained 26 points to reach 4,197 points at closing of the…
BGMEA sit-in calls for arrests
Apparel workers on Monday held the owners of Tazreen Fashions and Smart Fashions responsible for the death of at least 118 workers in devastating fires, demanding they be arrested by Jan 31. They hit the authorities with the deadline from…
Padma Bridge getting new design
Prime Minister Sheikh Hasina categorically said that with the help of army, Bangladesh University of Science and Technology (BUET) and Bridges Division a new design for Padma Bridge would be prepared by the next six months. The premier came up…
Iran to launch world’s largest gasoline unit
Iran will start within coming days a new gasoline production unit at the Shazand refinery which will produce 8.5 million liters gasoline a day. The Mehr news agency reported on Friday, Tehran Times print the news on Saturday. Rashid Seyedian,…
New monetary policy Jan 31
Bangladesh Bank (BB) is set to announce its monetary policy January 31 for the second half of the current fiscal year 2012-13 (January-June) with a further contraction approach. Governor of the Central Bank Dr Atiur Rahman will announce the new…
Ceat signs JV with BD firm, to invest $ 67 mn
Indian RPG Group’s tyre-making arm Ceat Friday announced formation of a joint venture company with the Bangladesh-based AK Khan & Company to set up a manufacturing facility in the neighbouring country. The facility, which will come up at the investment…
Microsoft profit dips
Microsoft Corp’s quarterly profit edged lower as Office software sales slowed ahead of a new launch, offsetting a solid but unspectacular start for its Windows 8 operating system and sending the company’s shares down 1.4 percent.The results mark a stark…
Emirates acquires 3 new Boeing 777F
SkyCargo, the freight division of Emirates, one of the world’s fastest growing international airlines, has significantly boosted its total cargo capacity and expanded its dedicated freighter network with the addition of three new Boeing 777F aircraft. The three new freighters,…
Gazipur RMG fire injures 40
At least 40 people were injured in a fire at a readymade garment factory in Konabari under Sadar upazila of the district on Wednesday morning. The fire originated at about 10:45am at the 7th and 8th and floors and soon…
Capital market stabilising: Muhith
Finance Minister Abul Maal Abdul Muhith has claimed the instability at the capital market has somewhat decreased in the recent times, and will lessen further following demutualisation of the two bourses. He was speaking at the inauguration ceremony of the…
Thai fisheries seek Bangladesh workers
The Bangkok Post quoted National Fisheries Association of Thailand President Phubet Chanthanimi as saying that they hoped to bring in about 50,000 workers from Bangladesh through a government-to-government deal. He warned that the labour shortage could bring the whole industry…
Dreamliner crisis: Boeing halts 787 jet delivery
Boeing has suspended deliveries of its new 787 Dreamliner aircraft until a battery problem is resolved. An email from the US aerospace giant said it would continue to build the plane, but not deliver any until US safety officials gave…
Chevron product vessel probe
Chittagong Port Authority has formed a five-member panel to investigate into the unloading of a lightering vessel, laden with Chevron products, at the port without clearance. The port’s sub-keeper Captain Nazmul Haque has been made head of the panel. The…
Zaheer new WB acting country director
Salman Zaheer, cooperation director of the World Bank`s (WB) South Asian Region, has been made new acting country director to Bangladesh. The disclosure came from a WB press release on Saturday. Zaheer, an India citizen, will take up his new…
BB steps to stop money laundering: Deals inked with 13 countries
Bangladesh Bank (BB) singed bilateral deal with 13 countries to stop money laundering, terrorists financing and to take back the laundered money. A source in BB said that BB inked the deals with the countries in different times in last…
JICA to disburse Tk 450 cr SME credits
Staff Reporter Japan International Cooperation Agency (JICA) on Sunday said that it would disburse an amount of Tk 450 crore its under Financial Sector Project for the Development of SME (FSPDSME) among local level entrepreneurs of Bangladesh. The JICA announcement…
Goldstein ‘optimistic of WB financing’
Jan 8: The World Bank’s Bangladesh Country Director said on Tuesday she remains ‘optimistic’ about the global lender financing the Padma bridge project.
Directors’ recruitment in state-run banks: Process not transparent: CPD
Distinguished Fellow of Center for Policy Dialogue (CPD) economist Debapriya Bhattacharya termed the process of directors’ appointment to state-run banks ‘not transparent’. “The director-recruitment is not transparent, rather they are being recruited basically upon political decision, he added. Debapriya Bhattacharya…
Global malaria battle stalls for fund crunch
Reuters via Yahoo Health Global funding for the fight against malaria has stalled in the past two years, threatening to reverse what the World Health Organisation (WHO) says are “remarkable recent gains” in the battle to control one of the…
Bridge fund on fair probe: WB, Muhith surprised
Agency The WB Dhaka office on Saturday issued a statement saying the bank will proceed with support for the Padma Bridge only if the Anti-corruption Commission (ACC) launches a full and fair investigation based on evidence of corruption under the…