China is keen to invest in fabric manufacturing industry in the export processing zones (EPZs) and establish a textile and apparel trade centre in Bangladesh with a view to contributing to balancing bilateral the trade heavily tilted towards China. This...
Our CorrespondentCHITTAGONG, Mar 15: Poverty in South Asian countries is a creation of their own individual situation. As a result, the number of poor people is gradually increasing in the region.The speakers at a seminar titled 'Imagine a New South...
FE ReportSQ Stevensons Chroma Ltd inaugurated its newly built garment dyeing and finishing factory at Valuka in Mymensingh. It is a joint venture factory between SQ Group, one of the leading sweater manufacturers of the country, and Stevensons UK, a...
FE ReportA joint venture Hong Kong-Aussie company styled M/s Intimate Suppliers Limited will set up a textile and garments accessories manufacturing industry in the Dhaka Export Processing Zone (DEPZ).The foreign-owned company will invest US$ 10 million and will produce textile...
DU CorrespondentMutual Trust Bank Ltd (MTBL) and Dhaka University Alumni Association (DUAA) have jointly launched a five-year scholarship programme styled 'MTB and DUAA Jubilation' for the meritorious students of the institutes and members of the cultural team of Dhaka University...
FE ReportStandard Chartered Bank signed an agreement with Pacific Motors Ltd and Hyundai Motors Bangladesh Ltd in the city Saturday. Under the agreement, Standard Chartered will offer special interest rates to customers purchasing Nissan vehicles from Pacific Motors Ltd and...
Sarwar Zahan US dollar was stable maintaining its strong nerve against Bangladesh taka (BDT) in the inter-bank foreign exchange market last week although the demand for the greenback appeared lower, fund managers said. The demand for the greenback showed a...
FE ReportHealth and Family Welfare Adviser AMM Shawkat Ali said accreditation with European GMP (good manufacturing practice) certification to a Bangladeshi company would create a new era in exporting the country's pharmaceutical products.He was speaking at a programme organised by...
CHITTAGONG, March 15 (BSS): Speakers at a workshop here Friday asked the bankers to play their due role in halting money laundering. They urged the bankers to discharge their respective duties sincerely so that illicit transactions might not take place.The...
FE ReportEmirates introduced new reservations booking designator (RBD) for travelling in first class on or after March 30, 2008 in its aircraft featuring private suites.The private suites will initially feature on selected Emirates Airbus A340-500, Boeing 777-200 LR, Airbus A380...
FE ReportChairman of Securities and Exchange Commission Faruq Ahmad Siddiqi said that professional accountants could serve the society better by upholding ethical standard.He said this during a meeting with ICMAB delegates headed by its President Zahir Uddin Ahmed at its...
FE ReportPrime Finance & Investment Limited, a leading non-banking financial institution and full-fledged merchant bank, recently signed an agreement with Confidence Salt Limited to manage their proposed initial public offering (IPO). Managing Director of Prime Finance & Investment Limited Md...
The total revenue earnings of Dhaka Sheraton Hotel stood at US$11.27 million with an operating profit of $4.16 million and a market share of 27.5 per cent in 2007.The Dhaka Sheraton Hotel took the second position in the market despite...
Our CorrespondentKHULNA, March 15: Bangladesh Rifles (BDR) seized 8.0 tonnes chemical of talcum powder from Bhomrah land port Wednesday night.These chemical was importing from India on false declaration and evading tax.Sources said M/S HK Fruit Marketing of 15 Tezkuni Bazar...
Our CorrespondentCHITTAGONG, Mar 15: A two-day health-care programme arranged by the Unilever Bangladesh Limited in collaboration with Chittagong Diabetic Hospital and Lions Eye Hospital concluded on Tek Bazar government Primary School premises in Kalurghat area in the city on Thursday....
FE ReportA six-member delegation of Bangladesh Jute Association (BJA) headed by its Chairman Md Rezaul Karim leaves Dhaka today (Sunday) for Hanoi of Vietnam to attend a meeting of Private Sector Consultative Board (PSCB) of International Jute Study Group (IJSG)...
SM JahangirThe local steel makers are facing severe scarcity of basic raw materials following a sharp fall in their imports mainly due to soaring prices of scraps in the international markets, sources said."Overall production of mild steel (MS) products has...
Mahmuda ShaolinThe demand for small apartments has increased in the city due to hike in house rent and influx of people from outside. According to developers, construction of small apartments measuring below 1000 square feet (sft) has increased over the...
Mushir Ahmed Manufacturers eye an 18 billion dollars of garment exports in 2010, as strong Chinese and Indian currencies have hit their exports hard, while a weak Taka make Bangladeshi items the cheapest in the world, officials said.Their comments came...
The 11th summit of the OIC concluded at Dakar in Senegal Friday evening with the adoption of a new charter of the Islamic Conference and the Dakar Declaration pledging to safeguard the world peace and security, face the challenges of...
FE ReportBangladesh could be a major market player in global shipbuilding industry as the country has a near ready-made infrastructure and in-built expertise to make ocean-going vessels, a major Dutch shipping company said Saturday."Riverine Bangladesh has the infrastructure almost ready...
CHITTAGONG, March 15 (bdnews24.com): Forty thousand people took a stand against corruption in the port city Saturday in a huge anti-corruption rally inaugurated by Anti-corruption Commission (ACC) Chairman Hasan Mashhud Chowdhury. People from all levels of society and all groups,...
Chief Election Commissioner ATM Shamsul Huda said Saturday that the schedule for the national elections would be given after June, reports bdnews24.com. Following a meeting with visiting UNDP administrator and UN under-secretary-general Kemal Dervis, Huda told reporters: "I'll announce the...
FE Report The biennial election of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will take place tomorrow (Monday). A total of 49 candidates are vying for the posts of 24 directors. Some 27 candidates are contesting from...
The caretaker administration is set to take action against edible oil refinery owners and importers who sell their products at elevated prices contrary to the government-fixed rates, an advsier said Saturday, reports bdnews24.com. Commerce Adviser Hossain Zillur Rahman told the...
JESSORE, Mar 15: The Indian customs at different ports on its side did not allow any rice-laden trucks to enter Bangladesh Saturday, although the finance ministry of the central government of India relaxed ban on some particular consignments of rice....
Chief Adviser Dr Fakhruddin Ahmed, who led the Bangladesh delegation to the 11th OIC summit, was scheduled to leave for London Saturday night for a 5-day visit to UK. On March 18, the Chief Adviser is scheduled to have a...
Condition of ailing Awami League president and ex-PM Sheikh Hasina is stable but it takes another week to complete her medical checkup at the Square Hospital, its officials said. Director (Hospital Services) of the Square Hospital Dr Sanwar told reporters...
FE ReportBangladesh can locally produce about 160 items of spare parts for its seven important sectors substituting import goods worth Tk 136 billion annually, said experts at a seminar held at a city hotel Saturday. Currently, Bangladesh is producing spare...
A Z M AnasEastern Bank Limited plans to scale up loan disbursement for smaller firms and consumers by 2010 in a bid to reduce its reliance on corporate lending, its chief executive said.Currently, corporate loans constitute nearly 70 per cent...
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