Sonali Bank Scam Swindle unearthed at another branch Tk 159cr loan given illegally Like its scam-hit Ruposhi Bangla Hotel branch, Sonali Bank’s Gulshan branch has helped a number of companies to swindle Tk 159 crore out of it. The branch approved and disbursed the money in loans and advances in the last two and a ... Read more
bangladesh
No operations on 5 routes from Sept 17
Biman’s Hajj Flight Management No operations on 5 routes from Sept 17 Drastic cut in flights on other routes The Biman Bangladesh Airlines has decided to suspend its operation in five international routes and slash flights to almost all other routes as a preparation for carrying hajj pilgrims. The Hong Kong, Delhi, Karachi, Manchester and ... Read more
BUET stalemate
Students want minister to keep promises first BUET students rallying for the removal of the university vice-chancellor and the pro-vice-chancellor on Friday said that they would get back to classrooms once the education minister removed the pro-vice-chancellor and withdrew the cases filed against students and teachers and reshuffled the administration as
Buet crisis yet to end
Agitating students’ decision on going back to classes by today or tomorrow Receiving assurance from the education minister of a friendly environment, agitating students of Bangladesh University of Engineering and Technology (Buet) held a meeting yesterday to decide whether to return to classes. The decision would be announced today or tomorrow at a press conference, the ... Read more
Spending on radio ads on the rise
Spending on radio commercials rose almost 6 percent to Tk 44 crore in the six months through June from the same period a year earlier, according to a report published by Ryans Archive, a media-monitoring agency. Major brands spent Tk 81 crore on radio commercials in 2011, with Grameenphone being the largest advertiser. Three of the top ... Read more
Beholding a Blue Moon at Kuakata Beach
The moon or moonbeams have metaphorically been used myriad times in poetry, music, art and literature. Aesthetes who are in love with a mere glimpse of natural landscapes cannot but savour the beauty of a Blue Moon. Friday, August 31, 2012 brought us the second of two full moons. Some almanacs assert that when two ... Read more
H&M boss backs wage hike
H&M, the Swedish retail giant for clothing, yesterday suggested the government should increase wages for garment workers to help improve their living standards. Chief executive of the company Karl-Johan Persson also asked for an annual review of the wages of the workers. He spoke at a press briefing at Radisson Winter Garden Hotel in Dhaka. ... Read more
High duty takes toll on importers of used cars
Importers of used cars are going through tough times due to a high import duty and a cut in car loans by banks, businesspeople said. Imports of used cars fell by more than 46 percent to 6,700 units during the January-June period this year, compared to the same period last year, customs data
Govt, GP sign deal to set up multimedia in classrooms
With the objective to set up multimedia classrooms in schools, Grameenphone signed an agreement with the education ministry to facilitate internet connectivity. Under the agreement, Grameenphone will supply, install and service 20,500 modems and provide laptops, speakers and multimedia projectors to 20,500 secondary and higher secondary schools in
BUET crisis lingers
Students rigid in their demand for removal of VC The situation in the Bangladesh University of Engineering and Technology took a turn for the worse due to the rigid stance adopted by anti-vice chancellor students and top administrative figures of the university. Agitating BUET students were uncompromising in their demand for the removal of the ... Read more
JS session begins without opposition
Speaker asks MPs to speak gently as children may be watching Speaker Abdul Hamid on Tuesday asked the lawmakers to be guarded in their speech in the House to ensure that their words would not have a negative impact on the minds of the children who watch the sessions on TV. The speaker made the ... Read more
Fitness certificate scheme up against a wall
Only 41 BRTA inspectors to examine more than 15 lakh vehicles Worn out public vehicles are plying on city streets with gusto, owing to a palpable lack of parity between the number of such vehicles and that of transport inspectors. Also, an attempt to outsource vehicle fitness certificates through motor workshops has hit bureaucratic hurdles, ... Read more
Samsung Galaxy Y top selling entry level smart phone: research
The handset usage trend in Bangladesh has taken a sharp turn as users are getting more inclined to using smartphones. Among the top choices, users are more interested in using the entry level smartphones because of their affordable prices. Recently, one of the biggest research organisations in the world GfK Group conducted a
Standard DNA profiling possible in Bangladesh
Claims NFDPL chief The chief of National Forensic DNA Profiling Laboratory (NFDPL) yesterday refuted claims that DNA profiling of murdered journalist couple Sagar Sarowar and Meherun Runi was not possible in the country. The NFDPL chief, Prof Sharif Akhteruzzaman, said they read about the claims from recent newspaper reports. He was addressing a press conference ... Read more
H&M purchase to double in five years
Swedish retail giant seeks to buy more garments from Bangladesh H&M, the Swedish retail giant for clothing, will double its annual outsourcing volume from Bangladesh to around $3 billion within the next five years. The biggest outsourcing company for Bangladeshi garment items said they get products at competitive prices from the country. Leaders of Bangladesh Garment ... Read more
Remittance grows 6pc year-on-year in Aug
The month of August saw non-resident Bangladeshis send $1.167 billion in remittance, down by 2.84 percent from July’s receipts of $1.201 billion, the central bank said yesterday. The figure, however, is 6 percent higher than the $1.102 billion recorded for August 2011. This is the ninth consecutive month that Bangladesh has received over one billion ... Read more
The enemy within
Inside the bank, it was in the air that something grossly wrong was going on at three Sonali Bank branches — Ruposhi Bangla, Gulshan and Motijheel local office — regarding loans to a powerful company named Hall-Mark. It was also in the air that some influential political figures were involved in the still unknown scams ... Read more
BUET Pro-VC to resign, decision on VC later
Steps taken as edn minister holds crisis management meeting Pro-vice-chancellor of Bangladesh University of Engineering and Technology Habibur Rahman will be removed and cases filed against BUET teachers and students withdrawn as steps to resolve the protracted crisis in the university. Education minister Nurul Islam Nahid announced the decision to reporters at 1:15am
Sultan fest ends with boat race
The four-day SM Sultan festival, organised marking 88th birth anniversary of the master artist Sultan, ended on Saturday with a colourful traditional boat race on the Chitra River in Narail. Seven hundred participants form different areas of the south-west region participated with 14 boats, of which 11 boats were rowed by male contestants and three ... Read more
Time to go vertical as land shrinks
High-rise Construction Time to go vertical as land shrinks Construction of high-rise buildings is on the rise in Bangladesh as developers are eyeing vertical expansion to offset the decline of land in urban areas. Soaring urban land prices, technological advancement and population growth are some of the reasons behind the growing preference for tall buildings ... Read more