At least four lakh easy bikes across the country consume up to 400MW of power for charging them, according to a primary report prepared by Power Cell, the government’s planning wing for the power sector. ‘The owners of the easy bikes charge the batteries either from domestic power connections or illegal connections resulting in an unexpected ... Read more
Month: November 2013
Protests force 200 RMG factories out of production
Minimum Wage Protests force 200 RMG factories out of production Nearly 200 apparel factories in industrial parks around the city went out of production Wednesday as the workers held violent demonstrations demanding better minimum wage. The apparel workers in Bangladesh, home of the world’s lowest wages, have been demanding better payments for their work. The protesters
Odhikar director sent to jail
The Cyber Tribunal on Wednesday rejected the bail petition of human rights organisation Odhikar’s director ASM Nasiruddin Elan and ordered him to be sent to jail. Nasiruddin and his lawyers appeared before the tribunal in the morning and appealed for bail. In the afternoon, the judge, KM Shamsul Alam, rejected
Tremor jolts country
A mild earthquake shook up parts of Dhaka, Sylhet and Bangladesh’s north-east on Wednesday, reports bdnews24.com. According to the US Geological Survey, it measured 5.4 on the Richter scale and it happened around 10:16am. An official at the meteorological office said the epicentre of the quake was 389 kilometres north-east of Dhaka at Barapathar in India’s northeast.
Some solace for Kiwis
Bangladesh put up a brave fight before losing their first battle in the series as New Zealand bagged a consolation 15-run win in the one-off Twenty20 International in Dhaka on Wednesday. The Tigers overcame many challenges throughout the series but not on this occasion when they ended up at 189-9, replying to New Zealand’s 204-5 ... Read more
Tigers yet to perfect T20 skills
Bangladesh captain Mushfiqur Rahim on Wednesday stated that the Tigers are yet to come to grip with the shortest format of the game as it still remained a mystery to them. The honest appraisal came after Bangladesh lost the one-off Twenty20 international to New Zealand by 15 runs at the Sher-e-Bangla National Stadium
Ahead from ball one, says Mills
Stand-in New Zealand captain Kyle Mills credited an opening barrage by debutant Anton Devcich and regular wickets with the ball for his side’s victory against Bangladesh at Mirpur in the only Twenty20 International of the tour. Opening batsman Devcich, playing in his first Twenty20 International, belted 59 off 31 deliveries and helped New Zealand reach 70 ... Read more
10-month long camp for athletes
For the very first time, the Bangladesh Olympic Association is planning to bring the athletes under a long-term preparation programme in order to perform well in international meets like the Commonwealth Games and Asian Games next year. The BOA will start a 10-month long residential
Unrest hits businesses’ loan appetite further
Private sector credit growth drops to 11.07pc in September Credit growth in the private sector declined further in September as the country’s investment zone is now passing a stagnant situation due to the ongoing political unrest ahead of the national elections, said Bangladesh Bank officials. According to the latest BB data, private sector credit growth stood ... Read more
Govt body for customs, CSP certificate facility cancellation
Non-Compliant Rmg Factories Govt body for customs, CSP certificate facility cancellation A government committee has suggested for cancellation or suspension of customs bond and GSP certificate facility, and import-export license of non-compliant readymade garment factories in line with the existing laws and rules related to workplace safety and workers’ welfare, commerce ministry officials said. The National ... Read more
Govt mulls G2G onion import from India
Overheated Market Govt mulls G2G onion import from India The government is contemplating to import onion from India under government to government or government to business arrangement to ease the price hike of the commodity in the domestic markets, commerce secretary Mahbub Ahmed told New Age on Wednesday. A two-member government delegation is
BB asks banks to submit statements of asset-liability, profit-loss quarterly
Bangladesh Bank on Wednesday asked the scheduled banks to submit their statements of asset-liability and profit-loss on a quarterly basis. The BB issued a circular to managing directors and chief executive officers of all banks asking them to submit the statements to the central bank’s
Apps worth over Tk 50 cannot be purchased thru mobile balance
The Bangladesh Telecommunication Regulatory Commission on Wednesday said apps or content worth over Tk 50 could not be purchased through mobile balance. The BTRC directive came following an order from Bangladesh Bank in line with the mobile financial services guideline which regulates the financial
President for setting up university for entrepreneurs
President Abdul Hamid on Wednesday underscored the need for a university for entrepreneurs to make their development activities more dynamic and professional apart from checking the brain drain. ‘Most new ideas of innovations in most developed countries come through the endeavours of various educational institutions. But teachers and students in our
Dissatisfied, BSEC asks bourses for more steps to stop short-sales
Dissatisfied with the unremitting short-selling incidents at the Dhaka and Chittagong stock exchanges, the Bangladesh Securities and Exchange Commission has asked the bourses to take more measures to prevent the illegal practice by the brokerage houses. To this end the stock market regulator
Banks, state-owned entities lift Dhaka stocks
Dhaka stocks advanced for the fifth trading session on Wednesday thanks to the soaring prices of banks’ shares while some state-owned institutions were also active on the trading floor to keep the market afloat. The benchmark general index of Dhaka Stock Exchange, DSEX, closed at 4,111.96 points, adding 0.53 per cent, or 21.84 points. DS30, the blue-chip
3 chambers form BUILD Trust
Dhaka Chamber of Commerce and Industry, Metropolitan Chamber of Commerce and Industry and Chittagong Chamber of Commerce and Industry have jointly formed Business Initiative Leading Development Trust. Presidents of the three chambers signed a Trust Deed to this end at the Westin Hotel in the city on Saturday, said a press release. Through the
Mark new KAFCO CEO
Mark Wong has been appointed the chief executive officer of KAFCO recently, said a press release. A chemical engineer, Wong did a PhD in process control and optimisation from Imperial College, London. He also has an MBA from Kingston Business School, UK. Before KAFCO, he worked with Finnish
Sadi set for Europe tour
Eminent Tagore singer Sadi Muhammad will be performing in live concerts in three Scandinavian countries of Europe – Sweden, Denmark and Norway. He is leaving Dhaka next week for a fortnight tour in the three countries. The celebrated singer has been invited by the Bangladeshi expatriates living in the Scandinavian countries and they will be ... Read more
Farooki’s Television gets commercial release in Korea
Mostafa Swarwar Farooki’s film Television is getting commercial release simultaneously in three Korean cities Seoul, Busan and Daegu on Friday. Farooki will be visiting Korea for three days for the release of the film, which had earlier been the bookender of the Busan International Film Festival in 2012. ‘It’s a very good news not