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Business

Flower a blooming business in Jessore area of Bangladesh

Jashore, Feb 12 (UNB) – February, the second month of the calendar year, occupies a special place in the hearts of Bangalis. In this very month in 1952, people laid down their lives demanding the right to speak in their mother tongue – Bangla.Bangladeshis remember the fallen heroes – some known and many other unknown – on February 21 through ... Read More »

Crescent Leather Chairman on remand in graft case

Dhaka, Feb 11 – The Chief Metropolitan Magistrate (CMM) Court of Dhaka on Mon day placed MA Kader, Chairman of the Crescent Leather Products and Crescent Tanneries, on a three-day remand in a case filed in connection with laundering Tk 919 crore in foreign currencies. Magistrate Md Millat Hosen of the CMM Court passed the order after Inspector of Customs ... Read More »

ICMAB Organized Career Counseling, Students’ Orientation Program & Distribution of Scholarships to the students

Professor Dr. Md. Salim Uddin, FCA, FCMA, Chairman, Executive Committee of Islami Bank Bangladesh Limited and Chairman, Bangladesh House Building Finance Corporation addressed the Career Counseling, Students’ Orientation Program & Distribution of Scholarships to the students of Institute of Cost and Management Accountants of Bangladesh organized by ICMAB Dhaka Council recently as chief guest. -Press Release Nazrul IslamSenior Assistant Vice ... Read More »

PM to open Karnaphuli Tunnel boring work Feb 24

Dhaka, Feb 11 (UNB) – Boring work on the Karnaphuli Tunnel will begin on February 24 next, said Road Transport and Bridges Minister Obaidul Quader on Monday. “Prime Minister Sheikh Hasina will inaugurate the excavation work of the Karnaphuli Tunnel by starting the tunnel boring machine on February 24,” he said. The minister was talking to reporters after attending a ... Read More »

5 BCL, Jubo League men killed in Khulna road crash

Khulna, Feb 11 – Five leaders and activists of Bangladesh Chhatra League and Juba League were killed in a collision between a truck and a private car on Rupsha bridge bypass road at Harintala in the city on Sunday night. The deceased were identified as Mahbub Hasan Babu, organizing secretary, Walid Mahmud Utsob, deputy secretary, Saju Ahmed, assistant secretary, activist ... Read More »

Bangladesh Bank Heist: Court again seeks CID report

Dhaka, Feb 10 (UNB) – A court here on Sunday asked the Criminal Investigation Department (CID) again to submit its report by March 13 on a case filed over the incident of cyber heist of $101 million from Bangladesh Bank’s account in 2016. Dhaka Metropolitan Magistrate Shadbir Yasir Ahsan Chowdhury passed the order after Md Raihan Uddin Khan, additional superintendent ... Read More »

IBBL receives prize of Best Premier Pavilion at DITF

Dhaka, Feb 09 – Islami Bank Bangladesh Limited has received prize of best premier pavilion for installing eye-catching pavilion at Dhaka International Trade Fair 2019. Abu Reza Md. Yeahia, Deputy Managing Director of Islami Bank received the prize from Commerce Minister Tipu Munsi, MP on 9 February 2019 Saturday at DITF premise in its concluding session. Tofail Ahmed, MP, Chairman ... Read More »

Taka 2 billion export order received at Dhaka Trade Fair

Dhaka, Feb 9 (UNB)— Commerce Minister Tipu Munshi on Saturday said the month-long Dhaka International Trade Fair (DITF) concluded successfully, drawing large crowds and getting more export orders compared to previous years.  “This fair helped to popularise many local products. So the import of those products will decrease and save us foreign currencies. Some of our new products can attract ... Read More »

500 mmcfd LNG supply to Bd national grid began on Saturday

Chattogram, Feb 9 (UNB) – The supply of 500 mmcfd Liquefied Natural Gas (LNG) into the national grid will start from here on Saturday. Talking to UNB, Petrobangla officials expressed hope that the supply of 500 mmcfd (million cubic feet per day) LNG gas will bring a positive impact on country’s gas sector. Along with the increased gas flow, fertilizer ... Read More »

Halal Accreditation Scheme to expedite Bd exports

DHAKA, Feb 8, 2019 (BSS) – Bangladesh Accreditation Board (BAB) is goingto introduce ‘Halal Accreditation Scheme’ through the existing halalcertificate provider laboratories for increasing export of Bangladeshi halalproducts. The information came on Thursday from a closing function on “24th BABAssessor Course” at the Industries Ministry conference room in the city, saida press release. Secretary-in-Charge of the Industries Ministry M Abdul ... Read More »

One of every 3 Bd buses ply without fitness certificates

Dhaka, Feb 07 – The Bangladesh Road Transport Authority (BRTA) submitted on Thursday a report to the High Court saying that 33 percent buses plying across the country have no fitness certificate. Lawyer Md Rafiul Islam on behalf of BRTA placed the report before the bench of Justice Moyenul Islam Chowdhury and Justice Md Ashraful Kamal on yesterday. The 150-pages ... Read More »

300 graduates, 26 cos at Bd Youth Leaders’ Career Fair 2019

Dhaka, Feb 7 (UNB) – The third Bangladesh Youth Leadership Center (BYLC) Career Fair held on Thursday brought together graduates and recruiters under a single roof, allowing them to directly interact with each other. Three hundred BYLC graduates and 26 leading private and nonprofit sector employers, looking to recruit talented young people for entry-level jobs, took part in the day-long ... Read More »

Reckless driving victim Rajib’s case report on Mar 13

Dhaka, Feb 06 – The submission of investigation report in connection with the case of Titumir College student Rajib was yesterday deferred to March 13. Magistrate Sarafuzzaman Ansari of the Chief Metropolitan Magistrate (CMM) Court of Dhaka fixed the new date on Wednesday to submit the investigation report. The accused persons are- BRTC bus driver Wahid, 35 and Sujan Paribahan ... Read More »

Valentine cuisine at Amari Dhaka

Dhaka, February 2019: The season of love is here and there is no other better way to celebrate the beautiful rendition of love along with the exquisite surrounds of Amari Dhaka. Celebrate your love with the most exclusive Valentine Dinner at Cascade & Amaya- lovingly spread out by our chefs, and an exclusive couple spa and room package which will ... Read More »

Shop owners demand closure of Dhaka Int’l Trade Fair-2019

Dhaka, Feb 6 (UNB) – Bangladesh Shop Owners’ Association (BSOA) on Wednesday urged the government to end the month-long Dhaka International Trade Fair (DITF) 2019 saying it was hampering their business. At a press conference in a Dhaka hotel, they demanded that fairs, including DITF, must not extend beyond seven days. “DITF originally started to draw international attention towards Bangladeshi ... Read More »

Apple’s top retail exec to leave amid iPhone sales slowdown

San Francisco, Feb 6 (AP/UNB)  — Apple’s top retailing executive is stepping down amid a slowdown in iPhone sales that has raised doubts about the company’s future growth prospects. The shake-up announced Tuesday ends Angela Ahrendts’ five-year stint overseeing Apple’s 506 retail stores and e-commerce operations. She is being replaced by Deirdre O’Brien, a longtime Apple executive who also runs ... Read More »

IBBL inaugurates special campaign on financial inclusion

Dhaka, Feb (UNB)-Islami Bank Bangladesh Limited (IBBL) has inaugurated a special campaign on financial inclusion with a slogan- ‘Financial Inclusion: Small Savings & Accelerated Development’ on Monday. The campaign will continue until March 14 with a view to bring students, farmers, laborers, small traders, expatriates and people of all class and profession under the banking service. Md Mahbub ul Alam, ... Read More »

Disqualify river grabbers from elections bank loans

Dhaka, Feb 03 – In a landmark verdict, the High Court on Monday disqualified the grabbers of rivers and canals from contesting any election including local government and parliamentary polls. It directed the Election Commission to take steps to this effect. The HC bench also court also ordered Bangladesh Bank to take steps so that any person accused of grabbing ... Read More »

Truck-covered van collide killing driver, helper in Gazipur

Gazipur, Feb 03 – A truck driver and his helper were killed as the vehicle collided head-on with a covered van on Dhaka-Tangail Highway at Naotana area in Kaliganj Upazila on Saturday night. The identities of the deceased could not be known yet. Officer-in-charge of Naojar Highway Police outpost Ohiduzzaman said the accident took place when a Tangail-bound covered van ... Read More »

Bd govt mulls E-waste management policy: Minister

Dhaka, Feb 2 – Posts, Telecommunications and Information Technology Minister Mustafa Jabbar on Saturday said a policy on managing e-waste was at its final stage. “It is currently with the law ministry,” he said at a roundtable discussion on ‘E-waste management: A huge challenge for Bangladesh’ organised by Telecom Reporters’ Network Bangladesh in the city. “The government will give much ... Read More »

Dhaka sues Manila’ bank RCBC over central bank cyber heist

Dhaka, Feb 1 (UNB) – Bangladesh filed a case against Rizal Commercial Banking Corporation (RCBC) of the Philippines’ over the heist of $81 million from Bangladesh Bank’s account with the Federal Reserve Bank of New York. The case was filed with a New York bank accusing RCBC, casinos and others involved in the heist, Abu Hena Mohammed Raji Hasan, head ... Read More »

Mobile users in Bd nearly 12 million up in 2018

Dhaka, Jan 31 (Xinhua/UNB) – The total number of Bangladesh’s mobile phone subscribers hit about 157 million at the end of 2018, with addition of nearly 12 million new users in last year, statistics of the country’s telecom regulator showed Thursday. According to data from the Bangladesh Telecommunication Regulatory Commission (BTRC), the number of subscribers in the country reached 156.989 million ... Read More »

Delhi invites Dhaka business community to Maritime Conclave

Dhaka, Jan 31 (UNB) – India has invited Bangladesh business community, particularly those from shipping and waterways industries, to attend ‘Maritime Conclave 2019’ to be held in Bhubaneswar, Odisha on February 14-15. “Besides presenting opportunities for investment in the maritime sector of India, I am certain that Maritime Conclave 2019 will also generate new ideas on further enhancing bilateral cooperation ... Read More »

Rooftop solar power sale growing fast in Dhaka city

Dhaka, Jan 31 (UNB) – The sale of unconsumed rooftop solar electricity to government power distribution entities is rising fast in the capital city. According to the latest statistics placed in a review meeting at Power Division, the number of such consumers who are selling their unconsumed solar power to the government distribution companies stood at 50 as of January ... Read More »

China’s factory activity shrinks

Chinese factory activity contracted for a second straight month in January, the official Purchasing Managers Index (PMI) showed. The index ticked up to 49.5, but remained below the 50-point level that separates growth from contraction. China reported its weakest economic expansion in 28 years in 2018, and growth is expected to slow further. Already, a number of multinationals have said ... Read More »

New monetary policy unveiled: Surplus liquidity Tk 793 bn

Central bank set to file case over its heist Wednesday night Dhaka, Jan 30 – Bangladesh Bank on Wednesday unveiled its monetary policy statement (MPS) for the second half (January-June) of the 2018-19 fiscal year. Central bank Governor Fazle Kabir presented the MPS at a press briefing at the BB’s Jahangir Alam Conference Hall in the morning. Speaking on the ... Read More »

HC asks police to produce Jamuna Bank director

Dhaka, Jan 29 – The High Court (HC) on Tuesday ordered police to produce Jamuna Bank Managing Director Shafiqul Alam before it on February 12, if he would not appear before the court willingly in accordance with its order. The HC bench comprising Justice Mamnoon Rahman and Justice Ashish Ranjan Das passed the order as Alam did not appear before ... Read More »

US charges China’s top Huawei official with stealing secrets

Washington, Jan 29 (AP/UNB) — The Justice Department unsealed criminal charges Monday against Chinese tech giant Huawei, a top company executive and several subsidiaries, alleging the company stole trade secrets, misled banks about its business and violated U.S. sanctions. The charges were announced just before a crucial two-day round of trade talks between the United States and China are scheduled ... Read More »

United Nations: Global FDI flows fell by 19% last year

Geneva, 22 Jan (Kanaga Raja) – United Nations, Global FDI flows, fell by 19%. last year. In its latest Investment Trends Monitor (Issue 31 of Jan United Nations, Global FDI flows, fell by 19%. last yearly 2019), UNCTAD said the decline was concentrated in the developed countries where FDI inflows fell by 40%, to an estimated US$451 billion, mainly due ... Read More »

Should elephant play be called extortion trade?

Dhaka, Jan 29 (Xinhua/UNB) — Elephants, sometimes adorned with jewels and gaudy, decorative garments, are not an uncommon sight on the streets in many parts of Asia. They can be seen ridden by their mahouts (riders or keepers) in public places where they artfully commandeer cash from passersby or unsuspecting tourists sipping a brew outside a cafe. Bangladesh’s capital city ... Read More »