FE Report | 2014-05-01 00:00:00
The head of telecom regulator on Wednesday stressed the need for immediate revision of the telecommunications policy to help attract investments in the sector. "The existing telecom policy needs massive change as the current 22-page telecom guideline has become outdated,"...
Talha Bin Habib | 2014-05-01 00:00:00
Bangladesh and Sri Lanka on Wednesday agreed to sign a coastal shipping agreement aiming to boost bilateral trade and investment between the two countries, officials said. The decision came at the Bangladesh-Sri Lanka Joint Working Group (JWG) meeting on maritime...
Syful Islam | 2014-05-01 00:00:00
The Bangladesh Shipping Corporation (BSC) is allegedly compromising on standards in its move to buy six new vessels from China, sources said. The 'compromise' may lead to a fall in quality of the vessels to be supplied to the corporation,...
Attracting foreign direct investment has now become a major challenge in the country, said top business leaders said on Wednesday, urging the government to pursue foreign investment to increase exports, reports BSS. The call came at the first meeting of...
Sonali Bank gets new DMD Vanu Roy Chowdhury has joined Sonali Bank Limited as deputy managing director (DMD). Mr Chowdhury was the general manager of Agrani Bank Limited before being promoted to the current position in the country's biggest bank....
FE Report | 2014-05-01 00:00:00
A joint effort of local and international agencies is seen vital to help small and medium enterprises (SMEs) of Bangladesh to grow. Speakers at an international seminar in the city Wednesday made the observation. Bangladesh Bank, CIRDAP, BIBM and MIDAS...
FE Report | 2014-05-01 00:00:00
The Bangladesh Frozen Foods Exporters Association, (BFFEA), the Bangladesh Shrimp and Fish Foundation (BSFF) and the Solidarity Center- Bangladesh (SCB) Wednesday signed a tripartite agreement on 'Rules of Alternative Dispute Resolution (ADR) Mechanism' for the country's shrimp sector. BFFEA President...
Rezaul Karim | 2014-05-01 00:00:00
The government has planned to construct ten dormitories in the country's export processing zone (EPZ) areas in a bid to solve the long-standing housing problems of female RMG workers. "The authorities concerned are going to build the dormitories for the...
COLOMBO, Apr 30 (Reuters): Sri Lanka's annual inflation rate in April was 4.9 per cent, edging up from a 25-month low hit the previous month, the Department of Census and Statistics said on Wednesday. Annual average inflation, measured on a...
FHM Humayan Kabir Foreign aid commitments plunged by 46 per cent until third quarter of the current fiscal compared to that of the same period of last fiscal, officials said Wednesday. Economic Relations Division (ERD) data showed that the development...
BEIJING, Apr 30 (Xinhua): Sinopec and its partner China Huadian Corporation have reached a deal to buy liquefied natural gas (LNG) from a Canada-based LNG project operated by Petronas of Malaysia, Sinopec announced on Wednesday. Sinopec and its Chinese partner...
Our Correspondent | 2014-05-01 00:00:00
CHITTAGONG, Apr 30: Country's leading ship builder Western Marine Shipyard (WMS) has signed a contract for building a container vessel with Navstar Shipping Ltd. Orders for two more ships are in the pipeline. The ships will be built by following...
RANGAMATI, Apr 30 (BSS) : Power generation at Kaptai Hydroelectric Station (KHS) has dropped suddenly due to drastic fall of water level in the Kaptai Lake. Official sources said the Kaptai Lake of Rangamati is drying up and uncountable number...
FE Report | 2014-05-01 00:00:00
The Federation of Bangladesh Chambers of Commerce & Industry (FBCCI) has sought Swiss investment in small and medium enterprises (SMEs) in Bangladesh as it is the heart of the country's economy. The FBCCI also stressed the need for increasing bilateral...
Our Correspondent | 2014-05-01 00:00:00
CHITTAGONG, Apr 30: The CVO Petrochemical launched its sales programme formally Monday at the plant site in Nasirabad Industrial Area in the port city. President of Chittagong City Awami League and former city mayor ABM Mohiuddin Chowdhury inaugurated the programme....
BEIJING, Apr 30 (AFP): China is pressing for a vast Asia-Pacific free trade agreement, a senior official said Wednesday, as a rival US-led deal that excludes the Asian giant runs into snags. Wang Shouwen, an assistant commerce minister, told reporters...
Alstom to review GE offer for energy business PARIS, Apr 30: France's Alstom said on Wednesday it would review a binding offer from General Electric for its energy business by the end of May but left the door open for...
FE Report | 2014-05-01 00:00:00
A section of retailers and traders in the capital are realising prices for ginger at whims. After visiting various kitchen markets in the city, it was found that prices of ginger varied from market to market, even vendor to vendor...
RAJSHAHI, Apr 30 (BSS): Prospects of agro-processing enterprises is bright in the Rajshahi region as it produces surplus crops especially food-grains, fruits and vegetables, business leaders, bankers, agronomists and researchers reveal. They viewed the region has enormous potentials for making...
Armed police arrested three persons along with a gold bar weighting 500 grams, gold ornaments weighting 139 grams and nine kg's of powder milk from Hazrat Shahjalal International Airport in the city Wednesday morning, reports BSS. "We seized the gold...
New Delhi, Apr 30 (AFP): India's leading export promotion agency criticised a European ban on mango imports as unjustified on Tuesday and appealed to Brussels to overturn its decision. The 28-member European Union imposed the ban, to take effect May...
LONDON Apr 30 (Reuters): Oil fell towards $108 per barrel on Wednesday pressured by an improving supply outlook with stocks in the United States expected to be at a record high and optimism about higher exports from Libya. Analysts polled...
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