American conglomerate General Electric Company (GE) signed two separate memorandums of understanding (MoUs) on Wednesday for implementing several power and energy projects in Bangladesh worth US$ 7.4 billion. The projects include 6,000-megawatt (MW) liquefied natural gas (LNG) fired power plant at Moheshkhali in Cox's Bazar.GE inked one MoU with the...
Read moreLiberation War Affairs Minister AKM Muzammel Hoque has ruled out any scope to abolish the 30 per cent quota for the children of freedom fighters (FFs) in government jobs, reports bdnews24.com.He cited a High Court verdict for his argument."If the government wants to alter the quota system, it will have...
Read moreFinance Minister A M A Muhith on Wednesday admitted that lowering of the lending rate to single-digit by all banks would take time."The target is difficult. Probably (while setting the target) I told them to do it as fast as possible. But, it is not possible for all the banks...
Read moreThe government has prohibited sale, distribution and commercial advertisement of over two dozen products unless those meet certain standards.State-run Bangladesh Standards and Testing Institution (BSTI) has made compliance with Bangladesh Standard (BDS) mark mandatory for 28 products.The restrictions would come into force from September 03 next.The institution made the mark...
Read moreA Dhaka court has sentenced Hall-Mark Group Chairman Jasmine Islam to three years in jail in a case filed by the graft regulator for not submitting a wealth statement. On Wednesday, Judge Akhtaruzzaman of the Fifth Special Judge's Court of Dhaka passed the verdict in the case filed by the...
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