Business

Tazreen, Rana Plaza Victims CCC, brands sit in Geneva Sept 11-12 to set compensation Clean Clothes Campaign and IndustriALL Global Union, the two largest global alliances of labour unions in the clothing sector, are going to sit with all the brands that were linked to the Tazreen and Rana Plaza factories on September 11 and ... Read more

Bheramara-Khulna Gas Pipeline Implementation delay pushes project cost up by Tk 218cr The estimated costs of a government project for installation of gas transmission line from Bheramara to Khulna has increased to Tk 903.52 crore from the original size of Tk 685.29 crore due to failure in implementing the development works in time. The implementing ... Read more

The Bangladesh Road Transport Corporation, which has Tk 138 crore outstanding in 16 years to the state-owned car manufacturer Pragati Industries Limited, has agreed to pay the dues in 115 years. The dues remain unpaid since 1997.

The government, being persuaded by private entrepreneurs, has scrapped a mandatory condition for arranging 70 per cent finance for six independent power plants from foreign banks. While implementation of the IPPs became uncertain as the entrepreneurs had failed to arrange 70 per cent of the investment from foreign sources

Rmg Factory Inspection Buyers, stakeholders meet tomorrow to find common standard Stakeholders of the country’s apparel industry — the government, manufacturers, buyers, workers and International Labour Organisation — are going to meet tomorrow to work out a common standard for inspection of structural integrity and fire safety of the garment factories. To finalise a comprehensive standard ... Read more

The point-to-point inflation declined by 0.46 percentage points from July to reach 7.39 per cent in August as per estimates using 2005-2006 as the base year. In July this year, the point-to-point inflation was 7.85 per cent. Both food and non-food inflation dropped

Bangladesh Bank on Thursday asked the scheduled banks to take measures to eliminate risks at the locations of automated teller machines and point-of-sales so that the clients could conduct the transactions securely. To this end, the BB issued a circular to the managing directors and chief executive officers of all banks asking them to ensure security

The United Kingdom on Wednesday launched its action plan on business and human rights to set out guidance to companies on integrating human rights into their operations in the wake of Rana Plaza disaster in Bangladesh. The UK foreign secretary William Hague and business secretary Vince Cable launched the plan at an event in London

ONE Bank Limited, a private sector commercial bank in the country, on Thursday launched its mobile banking service with the brand name ‘OK’ to provide branchless banking services among people, particularly in unprivileged rural and remote areas. Bangladesh Bank deputy governor Md Abul Kashem

Takes last minute preparation, clarifies rules to operators The Bangladesh Telecommunication Regulatory Commission will hold a mock auction of 3G service licences tomorrow as four mobile phone operators are set to bid for 40 MHz spectrum on September 8. The operators — Grameenphone, Banglalink, Robi and Airtel — are poised to get licences as the telecom ... Read more

Loan Settlement BB extends time for sick industries by 2 months The Bangladesh Bank has extended time by two months for the entrepreneurs of the government-identified sick and closed industries for applying to their respective banks to settle their loan accounts. The BB issued a circular to managing directors and chief executive officers of all banks ... Read more

Dhaka stocks inched down on Thursday while the turnover continued its plummeting trend as uncertainty over the political stability dejected the investors. The benchmark general index of the Dhaka Stock Exchange, DSEX, lost 0.23 per cent, or 9.68 points, to finish at 4,118.49 points on Thursday.

The Bangladesh Bank is in the process of signing agreements involving anti-money laundering and terror financing cooperation with more than a dozen central banks around the world, including those of the United States, Canada and India. Drafts of the proposed memorandums of understanding

Competitiveness Bangladesh 110th among 148 countries in WEF index Bangladesh went up to the 110th position in the Global Competitiveness Index 2013-14 of the World Economic Forum released on Wednesday. The Switzerland-based organisation prepared the index with 148 countries worldwide assessing the competitiveness landscapes providing insight

Leading rights activists on Wednesday staged a human chain at Malibag in the city demanding prohibition of import, sales and distribution of formalin in the open market. The Federation of Bangladesh Chambers of Commerce and Industry organised the human chain attended, among others, by Ain O Salish Kendra executive

Mobile phone operator Banglalink, owned by Norwegian-Russian telecom firm Vimpelcom, has planned to raise $300 million from foreign investors by issuing bonds for expanding its network. The second largest mobile phone company of the country submitted an application with the Bangladesh Securities and Exchange Commission last week

A mobile credit card service named SWOSTI was launched on Wednesday to facilitate disbursement of easy loans to its users. SWOSTI, a sister concern of bdjobs.com, has brought the mobile credit card in cooperation with Dutch Bangla Bank and non-government organisation Dushtha Shasthya Kendra. Bangladesh Bank governor Atiur Rahman inaugurated

The government’s monthly revenue collection from the Dhaka Stock Exchange declined by 39.15 per cent in August from July due to the plummeting turnover of the bourse. The National Board of Revenue in August got Tk 11.22 crore in taxes from the bourse while it was Tk 18.44 crore in July, showed DSE data released

Pharma Ingredient Park BSCIC, pharma assoc sign revised MoU The Bangladesh Small and Cottage Industries Corporation and Bangladesh Association of Pharmaceutical Industry on Wednesday signed a revised memorandum of understanding on increasing the cost of Active Pharmaceutical Ingredients Park project. Under the revised MoU the BAPI will give total cost

Dhaka stocks fell flat on Wednesday but the turnover increased thanks to sell pressure from the investors late in the trading session following fresh instability on the political front. The benchmark general index of the bourse, DSEX, ended flat at 4,128.18 points, adding 0.01 per cent or 0.56 points. The blue chip index of the ... Read more