HSBC Bangladesh received ‘AAA’ rating for the third consecutive year from Credit Rating Agency of Bangladesh Ltd (CRAB). ‘AAA’ is the highest rating awarded by CRAB which is given to banks with extremely strong capacity to meet their financial commitments and
Month: March 2010
Govt, WB identify Kaliakoir as first site for economic zone
The government and the World Bank (WB) have identified Kaliakoir of Gazipur as the first site for an economic zone. The proposed economic zone would be turned into a hi-tech industrial park and other potential areas including existing export processing zones (EPZs) could be
Bashundhara housing fair begins in city
A two-week ‘Bashundhara Abasan Mela 2010’ began on level-1 and 2 at Bashundhara City in Dhaka on Monday. Managing director of Bashundhara Group Sayem Sobhan inaugurated the fair as chief guest, said a news release. Group’s additional managing director Safwan Sobhan, deputy managing director
Panasonic launches air conditioner
Panasonic has launched 60 per cent energy saving air conditioner in the recently held Panasonic Air Conditioner Dealer Convention 2010 in a leading hotel in Dhaka. In the programme, Panasonic introduced three ranges of Panasonic Air Conditioners – Envio i2, Envio P2 and Standard models along with
New office bearers for CanCham
Masud Rahman, managing director of Crane Ltd, has been re-elected as president of Canada-Bangladesh Chamber of Commerce and Industry (CanCham) for the 2010-11 term, a CanCham statement said yesterday. KM Khaled, managing director GETCO Ltd, has been elected as vice-president, Wali Sattar,
New MD for SME Foundation
Small & Medium Enterprise (SME) Foundation appointed Syed Rezwanul Kabir as its managing director, says a statement released yesterday. Kabir, a science graduate and an MBA from Pennsylvania, USA, held different high-profile positions both at home and abroad, which brings 20 years of
NCC Bank gets new DMD
Swapan Kumar Das has been promoted to deputy managing director of National Credit and Commerce (NCC) Bank, the bank said in a statement. Prior to the appointment, he was the senior executive vice president and Chittagong area incharge of
Billboard crash kills 2, hurts 8
Two people were killed and eight others injured when a poorly-mounted hoarding collapsed on them in front of a market at Gulshan-1 during the storm that swept through the capital yesterday evening. The collasped hoarding also wrecked four cars and a motorbike. Of the deceased, one was identified as Saiful Islam Sobhan, 15, an employee ... Read more
Stocks sputter as confidence at low ebb
Dhaka stocks suffered a big jolt yesterday with the highest number of companies losing their share prices in the history of Bangladesh stockmarket, as investor confidence dipped to a new low. The prices of 89 percent securities declined. Of the 240 traded companies, 214 took a nosedive, while only 24 securities advanced. However, two
Unplanned structures blur beauty of Cox’s Bazar beach
Unplanned and unauthorised construction of hotels and motels in Cox’s Bazar town and adjoining areas have blurred the beauty of the world’s largest sea beach. Mayor and local administration, two main custodians of the 105-km long natural beach, said the beach town has 400 hotels, motels, resorts and guest houses, but only
SAARC Summit on April 28-29
The 16th summit of the South Asian Association for Regional Cooperation (SAARC) will be held in Bhutan on April 28-29 this year. Leaders of the eight-nation group will focus on climate issues at the summit, an apparent regional follow-up of the United Nations (UN) Climate Change Conference in
Forest fire spreads, ravaging fresh areas in Modhupur
Fire at different places of Madhupur forests in Tangail district is wreaking havoc on forest resources including its biodiversity for the last five days. Local said the fire has already damaged about 300 acres of the forest. The forest department sources, however, could not say anything specific about the damage
Gas bursts tube-well, pushes water up to 150 feet in B’baria
Gas and water are leaping up to 150 feet above the ground following explosion of a deep tube-well at Barabakail village under Majlishpur upazila of the district early Friday. As the tube-well at Shahjahan Mia’s home near Location 3 of Titas Gas Field suddenly exploded early Friday, gas and water started coming out with
5 high-ups of Dhaka Phone picked up
BTRC and Rab personnel early today picked up five high-ups of Dhaka Phone, a private land-line phone company, on charge of running illegal VoIP business in the capital’s Banani. The joint drive, led by BTRC Senior Assistant Director Zian Shah Kabir, was conducted at the
Grameenphone launches new price plan
Grameenphone Ltd. announced a new range of price plans that is expected to bring greater simplicity in the pre-paid category. The company has also revealed a new price plan for its djuice product as well. Details of the new price plan were announced at a press conference yesterday at a
Microfinance conference eyes small lending expansion
A three-day international conference on microfinance begins today at Sonargaon Hotel in the city with an objective of further developing and replicating across the world the small lending to the poor as an effective financial instrument. Microfinance Regulatory Authority has organised the conference with the financial support of
Newly harvested strawberry arrives in northern markets
The newly harvested strawberry, a high-valued delicious fruit, has now appeared in the local markets ushering in a new hope for the farmers and their economic uplift in northern region. Though its commercial cultivation began a few years back, the fruit was being sent to the capital city Dhaka for marketing and the same was
Lebanon to recruit more Bangladeshi workers
The Lebanese government would recruit a huge number of workers from Bangladesh for cleaning and house keeping sector, Labour and Employment Minister Engineer Khandaker Mosharraf Hossain said here yesterday. Hossain, who is also in charge of the Expatriates’ Welfare and Overseas Employment Ministry, told reporters at the VIP lounge of
Shinepukur Ceramics gets national export trophy
Shinepukur Ceramics Ltd has got the national export trophy (gold) for the highest export of ceramic items for the year 2005-2006. Shinepukur Ceramics Ltd and Beximco Group chairman ASF Rahman received the award from the prime minister, Sheikh Hasina, at a ceremony held at the
Flow reduction blamed for sorry state of rivers
Green activists have held the drastic fall of water flow, caused by the constructions of dams and barrages by upper riparian India, responsible for the dire state of the country’s rivers. They were addressing the participants of a public rally jointly organised by the Bangladesh Paribesh Andolan and the National River Protection Movement, in