Petrobangla has planned to appoint a consultant to estimate the reserve of methane, a coal by-product, in Jamalganj coalmine, north off Bogra, before extraction of the coal. A top official Sunday said the government will utilise the coal-bed methane from the country's deepest coalmine in Jamalganj as a substitute for...
Read moreThe government dissolved Sunday the board of directors of the scam-stricken BASIC Bank and appointed Alauddin A Majid as its new chairman to replace Sheikh Abdul Hye Bacchu, who made an unceremonious exit. Officials said the bank and financial institutions division (BFID) of the ministry of finance (MoF) executed the...
Read moreThe Cabinet Economic Affairs Committee approved 'in principle' Sunday an offer of the Malaysian government to construct 8,400 residential flats for the Rajdhani Unnayan Kartripakkha (Rajuk), the capital development authority, reports UNB. The committee at a meeting with Finance Minister AMA Muhith in the chair approved the proposal from Kuala...
Read moreCountry's overall imports grew by nearly 15 per cent in the first 11 months of the just concluded fiscal year (FY) 2013-14, thanks to a big (125.84 per cent) jump in import of food grains during the period, officials said. "The overall imports increased mainly due to higher import of...
Read moreLengthy procedures of tax compliances coupled with higher cost and unofficial payments create a web of barriers to bringing businesses onto the tax-net in Bangladesh, an IFC study reveals. On an average, 339 days are required for resolving tax disputes and 304 hours for tax-compliance procedures, according to the survey...
Read moreThe Bangladesh Inland Water Transport Authority (BIWTA) is going to procure 20 more dredgers without any need assessment, official sources said. The move to collect a number of dredgers at a time under one project has raised questions among the officials of the ministry of shipping (MoS). The ministry recently...
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