Rupsha Tank Terminal and Refinery Ltd plans to set up an LPG bottling plant in the Mongla port area at a cost of around Tk 96 crore to popularise the use of liquid petroleum gas in households. The company has already leased lands, constructed buildings and jetties and is now waiting to get a go-ahead ... Read more
Month: November 2013
Govt sets aman purchase rate at Tk 30 a kg
To procure 2 lakh tonnes of rice The government on Wednesday decided to procure two lakh tonnes of aman rice from the local market in the current season at Tk 30 a kilogram. The decision was taken at a meeting of the food planning and monitoring committee at the food ministry conference room in the ... Read more
BTRC asks IGW cos to submit performance guarantee by Nov 30
The Bangladesh Telecommunication Regulatory Commission has recently asked the international gateway operators to submit performance bank guarantee amounting not less than Tk 7.5 crore in line with latest changes in the relevant rules. The operators have to submit performance bank guarantee according to a given format by November 30 and
Application time for loans likely to be extended
Capital Market Refinance Scheme Application time for loans likely to be extended The supervision committee for the capital market refinance scheme of Tk 900 crore for the effected small investors is likely to extend the timeframe to apply for the loans as almost all the merchant banks and brokers refrained them from applying within the ... Read more
US delegation to check progress in factory safety upgrades
A high-profile delegation from New York City is due in Bangladesh on Friday to gather the latest on-the-ground information on the progress made towards the improvement of factory safety since the Rana Plaza collapse. The American contingent plans to meet survivors of the building collapse, officials of the Swedish retail giant H&M and labour leaders
Dhaka stocks inch down
Dhaka stocks inched down in volatile trading on Wednesday with a decline in the turnover despite support from the state-owned institutions as the current violent political situation made investors panicky. The benchmark general index of Dhaka Stock Exchange declined to 4,268.65 points, shedding 0.20 per cent or 8.89 points. DS30, the blue-chip index of
Changes to B’desh garment industry grind ahead, but slowly: report
Among the more useful things that the international community has done for Bangladesh since a textile factory collapse killed more than 1,100 people, mostly workers, this past spring was to send DNA kits. They came courtesy of the US government and helped identify dozens of bodies crushed in the collapse of Rana Plaza in April, said ... Read more
9 more killed
Programme extended until 5am Friday At least nine people were killed and over 300 injured as supporters of the BNP-led 18-party alliance clashed with law enforcers and ruling party activists across the country on the second day of the opposition’s blockade programme on Tuesday. Explosion of bombs, uprooting of rail tracks, vandalism and arson attacks ... Read more
BNP wants to skip polls for Jamaat: Hasina
Prime Minister Sheikh Hasina said on Wednesday that “fears of absolute debacle” had made the BNP reluctant to participate in the general election scheduled for January 5. “If you (Khaleda Zia) have a huge popularity as you claim, then why are you afraid of contesting the poll,” the PM said, iterating her call to the ... Read more
EC undecided over ‘office of profit’ rule
Chief Election Commissioner Kazi Rakibuddin Ahmed will sit with the commissioners and law enforcing agencies on Thursday to take a decision on the privileges of mayors and upazila chairmen in the event of their participation in the general election. EC officials said this is important for implementation of election rules for returning officer (RO) to ... Read more
Taranco arrives next week
The UN assistant secretary-general for political affairs, Oscar Fernandez-Taranco, will visit Bangladesh in the first week of December amid escalating violence to discuss preparations for the next general elections with all the stakeholders, diplomatic sources said. It would be his third visit to Bangladesh which
Blockade paralyses railway
The countrywide blockade virtually paralysed railway communication between Dhaka and outlying destinations for the second consecutive day on Wednesday. Bangladesh Railway could not restore the train service between Dhaka and Mymensingh. No Chittagong bound train left Dhaka
RMG makers devise ways to tide over difficulties
Jobs being shed, fresh recruitment stopped Apparel manufacturers are adopting alternative measures, including shedding manpower, to stay in business in the prevailing tumultuous situation in the country. As part of the measures the manufacturers were adjusting their costs in the wake of the new wage structure announcement by stopping any fresh
Govt moves to formulate national insurance policy
The government, for the first time, has taken a move to formulate a national insurance policy aiming at expanding insurance business in the country through necessary reform initiatives. The insurance regulator — Insurance Development and Regulatory Authority (IDRA) — has already prepared a draft in this connection saying it
Mushfiqur to captain Tigers in WC 2015
Mushfiqur Rahim will be leading the Bangladesh cricket team until the 2015 ICC World Cup, to be held in Australia and New Zealand. The 25-year-old wicketkeeper-batsman’s role as captain, which was originally scheduled to end this year, was extended at a meeting of the Bangladesh Cricket Board (BCB) at its headquarters in Mirpur yesterday. The appointment will
Border patrolling stepped up to stop urea smuggling
The home ministry has asked the chiefs of the Border Guard Bangladesh (BGB), Coast Guard and the Police to strengthen patrolling along the border to check fertiliser smuggling from the country. The ministry issued the directive recently to the Director General (DG) of BGB, DG of Coast Guard and Inspector General of Police (IGP), sources
Final hearing on maritime dispute with india Dec 9
The final hearing on the maritime boundary dispute between Bangladesh and India will take place at the Permanent Court of Arbitration (PCA) in The Hague in the second week of December. “The final hearing will begin on December 9 and will continue until December 13,” a senior official of the foreign ministry told The Independent
Bail for Hall-Mark boss extended
Tk 2,600cr Swindling Bail for Hall-Mark boss extended A Dhaka court yesterday again extended the bail to Hall-Mark Group Chairman Jasmine Islam till January 22, 2014 in connection with 11 graft cases filed for swindling over Tk 2,600 crore out of Sonali Bank. The court also rejected bail prayers for Hall-Mark Managing Director Tanvir Mahmud, its ... Read more
China for smooth polls in Bangladesh
China hopes there will be a smooth election in Bangladesh in January, which the country’s opposition has pledged to boycott. “As a good and close neighbour of Bangladesh, China sincerely hopes that all concerned parties in the country will put the interests of the whole above everything else,” Chinese foreign ministry spokesman Qin Gang said yesterday.
Tax return deadline likely to extend again
The National Board of Revenue is likely to extend to December 31 the deadline for submission of income tax returns because of far lower than expected response from individual taxpayers amid political uncertainty, officials said. A proposal made by the NBR for the extension of the deadline was approved by the finance minister AMA Muhith on ... Read more