Business

PKSF gets $60m funding from Green Climate Fund

  

Pns: Palli Karma-Sahayak Foundation (PKSF), one of the country's leading development organisations, has received approval of $60 million funding from Green Climate Fund (GCF) to combat climate change. PKSF Chairman Dr Qazi Kholiquzzaman Ahmad said this at a round table discussion in the capital yesterday.He said that this fund will be able to apply to those organisation’s who are working for addressing the impact of climate change through PKSF. This money can be used for the...

Complete all works of Savar tannery estate in 4 weeks: HC

  

Pns: The High Court (HC) yesterday ordered the authorities concerned to complete all infrastructural works, including setting up of Common Effluent Treatment Plant (CETP), at Savar tannery estate within four weeks, reports UNB. An HC bench of Justice Syed Refaat Ahmed and Justice Md Salim passed the order following a plea filed by the Bangladesh Environmental Lawyers Association (BELA).The court also asked the authorities concerned to take necessary steps to prevent mixing of...

WB loan to be ‘costlier’ for Bangladesh from next FY

  

Pns: Bangladesh will have to pay higher interest rates for taking loans from the International Development Association (IDA) of the World Bank as the country will be classified as an 'IDA gap' country by the lending agency from the next year. The World Bank Country Director for Bangladesh, Bhutan and Nepal Qimiao Fan has recently informed Bangladesh about this development and requested the government to make necessary preparations.In a recent letter sent to Finance Minister AMA...

5mn tonne diesel import from India gets go-ahead

  

Pns: The Cabinet Purchase Committee on Wednesday approved a proposal to import a total of 5 million tonnes of diesel from India over a 15-year period. The whole consignment of petroleum will come through a cross-border pipeline from India’s Numaligarh refinery, located in Gloaghat in northeastern Indian state of Assam, while Bangladesh will receive it at Parbatipur petroleum fuel depot in northwestern district of Dinajpur.The import will start after the construction of a 130-km...

Summit Alliance Port gets new director

  

Pns: Captain Kamrul Islam Mazumder has been appointed as director and chief operating officer (Off-Dock) of Summit Alliance Port last month, a press statement said. He joined Summit Alliance Port Limited in 2009 as executive director and chief operating officer. Prior to joining Summit Alliance Port, Captain Mazumder was general manager (operation) of Maersk Bangladesh, the statement added.He began his sea career in Bangladesh Shipping Corporation, later moved to a Hong Kong...

WB’s IDA interest rate to go up

  

Pns: The World Bank (WB) is going to raise the interest rate on its International Development Association (IDA) loan for Bangladesh from the next fiscal year, thanks to a rise in the country's per capita income to USD 1,465 in the last fiscal. The WB informed Bangladesh about this decision and asked it to make preparations.According to the letter of the Bank, Bangladesh will have to pay 2 per cent interest, instead of the existing 0.75 per cent, and the repayment period will come...

Market showing fall

  

Pns: Trading on the country's two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- is underway with downward trends of share-price indices on Monday. After one and half hours of trading, the key index of the country's major bourse went down by 63.83 points while the Selective Category Index of the port city bourse lost 130.67 points.DSEX, the benchmark index of DSE, shed over 63.83 points or 1.02 percent to 6,141.66 at 12:05 pm.The DSE Shariah...

Facebook to train 10,000 Bangladeshi youths

  

Pns: Facebook will train 10,000 Bangladeshi youths on digital marketing under a `BoostYourBusiness’ programme over the next six months. The Facebook authorities will provide the training to 10,000 IT-trained youths of Leveraging ICT for Growth, Employment and Governance (LICT) Project of ICT Division.State Minister for ICT Zunaid Ahmed Palak on Monday inaugurated a training workshop in this regard at Bangladesh Computer Council (BCC) auditorium. “The social media has created...

Robi finally pays fine following BTRC restrictions

  

Pns: Mobile operator Robi Axiata Limited on Sunday deposited Tk 20,400 in fine imposed by telecoms regulator for the operator’s delay in blocking four SIM cards that were used in illegal VoIP, officials said.Robi deposited the money after the BTRC (Bangladesh Telecommunication Regulatory Commission) took a tough stance against the mobile phone operator for non-payment of the penalty.The BTRC on September 28 initiated the move to refrain from supporting and giving approval to any...

USDA to support promotion of agro-based industry in Bangladesh

  

Pns: United States Department of Agriculture (USDA) will extend its support to Bangladesh for promoting agricultural by-products as well as agro-based industry. Chief of USDA Environmental Management Division Dr Qiying Zhang gave the assurance when Bangladesh Industries Minister Amir Hossain Amu visited the organization in Washington yesterday (Saturday), said an official release here today.On the occasion, Amu said the government has attached top priority to the promotion of...

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