Construction cos fear big losses, worried over investment From The Financial Express The authorities have stopped approving designs of buildings with more than 10 floors in Dhaka, triggering outcry from the real estate developers and virtually halting vertical rise of the city. The capital development authority, better known as Rajuk, has not explained its position, ... Read more
News
Housing Fair begins on Tuesday
The Real Estate and Housing Association of Bangladesh begins the REHAB Fair 2009 at the Sheraton Hotel in Dhaka on January 5 (Tuesday). ‘REHAB is going to organise the fair to bring in dynamism in the sector,’ the association president, Tanveerul Haque Probal, said at a briefing at the National Press Club on Saturday. Two ... Read more
Prime Finance wins ICAB National Award
Prime Finance and Investment Limited wins the first prize of ‘ICAB National Award’ for the best-published Accounts and Reports 2008 under the Financial Sector-Non Banking category. Prime Finance wins this prestigious award for published Accounts and Reports for the fourth successive year since its listing with Stock Exchanges in 2005. While evaluating the Reports, the ... Read more
BJMA elects new body
The new chairman, vice-chairman and members of the executive committee of Bangladesh Jute Mills Association have taken over the charge for the term 2010 and 2011 in the annual general meeting of the association held on Wednesday. BJMA has re-elected as chairman Janata Jute Mils Ltd managing director Najmul Huq for the term 2010-2011. Najmul ... Read more
Handloom fair begins in Barisal
A month-long handloom textile and handicraft fair began at the Brajamohan Institution in the city on Saturday. Barisal City Corporation mayor Shawkat Hossain Hiron inaugurated the fair organised by the Bangladesh Benarasi Handloom Research Foundation. BCC mayor called the people to use country-made products to develop business, industry,
Otobi launches new office products
Otobi has recently launched its new line of products ‘Notepad collection’ at Otobi centres in Dhaka. The latest product of the furniture brand will provide complete office solution, said a news release. Notepad’s interior design team has been put together to provide assistance in creating a trendy work environment for young
IDLC Finance gets new MD
Selim RF Hussain, a former chief financial officer of Standard Chartered Bank Bangladesh, has joined IDLC Finance Ltd as managing director and chief executive officer, the company said in a statement yesterday. Hussain, with 23 years of banking experience in Bangladesh, India and Australia, is an
Association of bankers holds 12th AGM
The 12th Annual General Meeting of the Association of Bankers Bangladesh Limited was held recently at Eastern Commercial Complex at Kakrail in the city. K. Mahmood Sattar, chairman of the association and MD of The City Bank Ltd. presided over the meeting, says a press release. Md. Nurul Amin, vice-chairman of the association and MD ... Read more
Govt allots 3,116 Purbachal-Uttara plots
Rajdhani Unnayan Kartripakkha (Rajuk) on Wednesday announced the names of 3,116 plot winners of the fourth phase lotteries for Purbachal New Town Project and Uttara Model Town Project. The plots were allotted among the winners in six categories — minister-deputy minister-state minister-MP and people enjoying same status, government job holders, people serving at different autonomous ... Read more
Parthenium weed poses danger to crops
Parthenium, a newly discovered invasive and dangerous weed, has been posing a serious health problems to human beings and livestock and also causing loss of crops and vegetation in the country, reports The New Nation The dangerous weed is affecting many countries in Asia, Africa and the Pacific Islands causing serious environmental problems. It is ... Read more
Major grabbing began in 1983
Surveys on 4 rivers point at big names From The Daily Star The Narayanganj district administration in its survey report on the four major rivers has revealed how industrialists, influential individuals and government organisations have grabbed the Buriganga, Shitalakkhya, Balu and Dhaleswari since 1983. All the four district administrations, which also include Dhaka, Munshiganj and ... Read more
Permanent trade fair centre in city soon
From The New Nation All is set to construct a permanent complex for holding international trade and other fairs in capital Dhaka as an agreement has already been signed with China to build the much awaited infrastructure at a cost of Taka 265 crore. Commerce Minister Col (retd) Faruq Khan on Monday said the permanent ... Read more
GP solar panels can be a boon
At least one lakh people across the country can have the opportunity of getting electricity generated by solar panels to be installed by the Grameenphone under its extended networking programme. An official of the Grameenphone, the largest mobile operator of the country, said this adding that the Grameenphone would install 200 solar panels in remote ... Read more
Nationwide fibre optics network on approach
Bangladeshi is coming under a telecommunication transmission network soon with a view to strengthening communications to cope with the challenges of the 21st century. Fiber@Home Ltd, the first firm to have license of Nationwide Telecommunication Transmission Network from Bangladesh Telecommunication Regulatory Commission, has been working on the network. The firm already brought Dhaka, Khulna, Rajshahi, ... Read more
Nearly 25 Mln People in Bangladesh Have Access to Internet
An estimated 25 million people in Bangladesh have now access to the internet on sharing basis, country’s Science and Information and Communication Ministry said Thursday. Speaking at a press conference Thursday, Secretary of Bangladesh ‘s Science and Information and Communication Technology Ministry AKM Abdul Awal Mojumder said the country’s six mobile operators and Internet Service ... Read more
Hybrid fishes a threat to local species in Tangail
The indigenous fish species in Tangail are under a big threat due to their indiscriminate catching and rapid increase in farming and marketing of the hybrid ones. Besides, all varieties of local fish are also on the decline in all the twelve upazilas of the district because of drastic fall in waters of the rivers, ... Read more
Remittance, forex reserve beat doomsayers
The Year In Review Remittance, forex reserve beat doomsayers Foreign exchange reserve and remittance marked an important milestone in Bangladesh economy in 2009, beating the development partners’ glum forecasts in the face of global recession. In ten years, foreign currency reserve grew from $1 billion to cross the $10 billion mark this year for the ... Read more
Tk 170cr Citi syndication loans for Nasir Glassware
Citibank, NA, Dhaka branch on Sunday announced that it had successfully arranged syndicated facility of Tk 170 crore ($24.6m) to provide financing for Nasir Glassware and Tube Industries Limited, a sister concern of Nasir Group. This five-year term loan facility will be utilised to finance the purchase of capital machinery and other long-term investments associated ... Read more
High-end car dealers having mixed experience
The year 2009 has been a mixed experience for the local sellers of brand new cars, especially who deal with the high-end market segment as some dealers had very good sales while others had little business. Some importers argued that huge increase on duties on the high-end cars depressed their sales while others said they ... Read more
Hybrid fishes a threat to local species in Tangail
The indigenous fish species in Tangail are under a big threat due to their indiscriminate catching and rapid increase in farming and marketing of the hybrid ones. Besides, all varieties of local fish are also on the decline in all the twelve upazilas of the district because of drastic fall in waters of the rivers, ... Read more