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Builders scale down work, spending on Padma Bridge

The project-execution agency seeks a pared-down Tk 43.95-billion fund from the government in the upcoming budget for the Padma Multipurpose Bridge as construction work decelerated, sources said.At the present rate of going -- reportedly slowed by riverbed adversities -- the builders could miss the December 2018 construction deadline, they presumed.Officials...

SoEs may be allowed to deposit 60pc with public banks, 40pc with PCBs

The government is likely to relax the policy to allow its agencies so that they can deposit more funds with the private commercial banks (PCBs) to help mitigate the ongoing liquidity crunch. Under the proposed relaxation, the state-owned enterprises (SoEs) may be allowed to deposit 60 per cent of their...

HC seeks explanation for not extending Khaleda's jail term

The High Court has issued a rule asking why the jail term for BNP Chairperson Khaleda Zia in the Zia Orphanage Trust graft case will not be extended, report agencies. The High Court on Wednesday issued the rule.Khaleda, a three-time prime minister, is serving a five-year jail term in the...

Bangladesh moves Indian tribunal for its removal

Bangladesh approached the Indian tribunal for removal of the anti-dumping duty on jute sacking from the country, media reports said, as it's considered a trade barrier.Indian Free Press Journal in a report Wednesday quoted Bangladesh High Commissioner in Delhi Syed Muazzem Ali as saying: "Those (anti-dumping) issues are brought before...

Akij subsidiary to acquire Singapore-based Robin Group

Akij Jute Mills Limited has signed a Share Purchase Agreement (SPA) with Singapore-based Robin Group to acquire 100 per cent share of two operating subsidiaries in Malaysia.It is the maiden development in Bangladesh's corporate history to achieve the distinction for attracting a Bangladeshi company's investment in a foreign country, industry...

Despite repeated eviction drives, makeshift shops operating their business as usual

Despite repeated eviction drives, makeshift shops operating their business as usual on the main road and footpaths at Gulistan in the capital on Wednesday — FE Photo by Shafiqul Alam

News Watch (29-03-2018)

New service for prisoners to talk to relatives TANGAIL, Mar 28 (UNB): A new service has been introduced in the Tangail District Jail facilitating prisoners to talk to their relatives on phone. Home Minister Asaduzzaman Khan formally inaugurated the programme as a pilot project on Wednesday. Speaking on the occasion,...