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ADP implementation 44pc in first 8 months

The implementation progress of the Annual Development Programme (ADP) in the first eight months (July-Feb) of the current fiscal (2012-13) reached 44 percent, 6 percent higher than the rate achieved during the corresponding period of the previous fiscal (2011-12). Read More »

3,000 RMG workers receive fire safety training

Over 3,000 mid-level workers of ready made garment factories have received training on fire safety till Saturday. The burgeoning industry’s apex body Bangladesh Garment Manufacturers and Exporters Association (BGMEA) initiated the crash programme in the wake of the Nov 24 fire in Tazreen Fashions Ltd that was producing clothes for major western brands such as Wal-Mart and Disney. Read More »

Fire in RMG factory in Gazipur

A devastating fire damaged property worth around Tk 1.5 crore of Surichala Textile and Dyeing Factory at Kaliakoir of the district. The fire originated from an electrical short circuit of Melba textile section waving machine around 2:00 pm Friday. Read More »

Hall-Mark Chairman granted bail

A Dhaka court on Thursday granted bail to Hall-Mark Group Chairman Jesmin Islam in 11 cases filed by Anti-Corruption Commission (ACC) for Sonali Bank loan scam. Senior Special Judge M Jahurul Haque granted the bail after hearing of the cases. Read More »

Chinese lead Padma race

After withdrawing request for World Bank funding for the $2.9 billion Padma bridge, Bangladesh is toying with three foreign options, but informed sources say the Chinese are clearly ahead of India and Malaysia. Read More »

‘Tap capital market for Padma bridge’

The Dhaka Stock Exchange (DSE) has suggested that the Bangladesh government consider tapping capital markets for funding the construction of the Padma Bridge.This comes in the wake of the government’s decision to withdraw request of World Bank financing of the $2.9 billion project, after which the ADB and the JICA have backed out of the project. The government says it ... Read More »

Destiny illegally transacted Tk 31 bln

A government investigation found evidence of illegal and suspicious transactions of around Tk 31billion by Destiny 2000 Ltd, a multi-level marketing company, the Commerce Minister told Parliament on Sunday. Replying to a written question by Sadhana Halder MP, Ghulam Muhammed Quader said the inter-ministerial committee found primary proofs of nine irregularities. Read More »

Smart garment bosses remanded

A Dhaka Court on Wednesday placed Chairman of Smart Garments Zakir Ahmed and Managing Director Sharif Ahmed on a 2-day remand for police interrogation. Metropolitan Magistrate Hasibul Haque granted the remand when police produced him before the court with a 7-day remand plea Wednesday. Earlier on Tuesday night, Detective Branch police arrested chairman and managing director (MD) of Smart Export ... Read More »