Economy

Chittagong port to have Bay Container Terminal

  

Pns: The government has initiated a move to construct a Bay Container Terminal with Indian credit to enhance the capacity of Chittagong Port which will reduce ship congestion at the port, officials said. He said another plan is there to construct a terminal at the proposed Payra Deep Sea Port, modernise Mongla Port and construct Dry Dock in Chittagong. Talking to UNB, an official at the Economic Relations Division (ERD) said such projects have been taken to develop the country's...

Saudi Arabia looks beyond oil to build economy

  

PNS: Ever since oil was discovered in the Arabian desert in 1938, Saudi Arabia has been the world’s premier petro-state and the dominant force within the Organization of the Petroleum Exporting Countries, according to The Washington Post.Flush with oil revenue, the country has had neither income taxes nor corporate taxes while bestowing on its people heavy subsidies for food and fuel. And the royal family has built spacious palaces at home while buying swanky houses abroad in places like...

50 tonnes fish died in Sunamganj haors so far...

  

PNS: As dead fishes and ducks continue to surface in the haors of Sunamganj, a fisheries department official today said that 50 tonnes of fish have died so far.Joint Secretary of Fisheries and Livestock Ministry Syed Mehdi Hasan, who is currently visiting the haors in the area, disclosed the figure while talking to our Moulvibazar correspondent.Over loudspeakers, locals were advised since yesterday to stop catching and consuming the fish and ducks for the next seven days, the...

China, EU push message of free trade, engagement

  

Pns: Top diplomats from China and the European Union pledged to work together on issues including Syria and North Korea and cooperate more closely to advance free trade, striking a contrast with American economic nationalism being promoted by President Donald Trump. The statements came as China and the EU held their first high-level talks since Trump took office in January. EU foreign policy chief Federica Mogherini co-chaired the Seventh EU-China Strategic Dialogue with State Councilor...

Bangladesh gets $74m for e-governance, clean air from World Bank

  

Pns: The World Bank has signed $74m in two financing deals for Bangladesh to improve the country’s e-governance services and air quality.A total of $29 million was allocated for the Leveraging ICT for Growth, Employment and Governance Project, which will be spent to develop a shared technology infrastructure for government agencies. The money will go to improving efficiency, reducing IT risks and promoting e-government efforts.About $35m will provide additional financing for the Clean...

Telenor Health, BGMEA sign MoU for boosting RMG workers’ healthcare access

  

PNS: Telenor Health and Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have signed a Memorandum of Understanding (MoU) at Dhaka Apparel Summit in order to boost RMG workers’ access to healthcare.BGMEA Vice President (Finance) Mohammed Nasir inked the MoU on behalf of the Association while Chief Medical Officer of Telenor Health Dr Fred Hersch signed for his organisation.The two parties signed the deal on Saturday, in order to work together with digital and mobile...

Agrani Bank MD removed

  

PNS : Agrani Bank managing director Syed Abdul Hamid has been removed from his post for his alleged involvement in a number of loan scams involving Tk 792 crore. A letter in this regard signed by the central bank governor Fazle Kabir was issued on Thursday morning, Bangladesh Bank sources confirmed the news. Earlier on Wednesday Bangladesh bank governor Fazle Kabir approved a BB standing committee recommendation to remove Hamid in line with the article 46 of Bank Company Act...

Bangladesh Bank to fire Agrani Bank MD

  

PNS : Bangladesh Bank has decided to fire state-run Agrani Bank managing director Syed Abdul Hamid over corruption and loan irregularity allegations.The central bank has taken the decision after the MD failed to protect the interest of the depositors and broke rules under the Section No. 46 of the Bank Company Act, according the insiders at Bangladesh Bank.The central bank is likely to issue a letter of removal in this regard on Thursday, followed by the sending it to the Agrani...

Gold price up by Tk 1,225 per bhori, silver by Tk 58

  

PNS : Gold prices in the local market have increased by around Tk 1,225 per bhori (11.664 grams) after it became costlier in the international market.Each bhori (11.664) of 22-carat gold will now cost Tk 47,414 while 21-carat gold will cost Tk 38,666. Bangladesh Jewellers Samity (BAJUS), in a statement on Wednesday said the new rate for gold and silver would be effective from Friday.Earlier, the gold price had increased on March 7. PNS/Tamanna KHan

Tk1 lakh 10 thousand crore for ADP in next budget

  

PNS :The size of the Annual Development Programme (ADP) for the next 2016-17 fiscal year has been fixed Tk 1 lakh 10 thousand crore, decreasing Tk 10 thousand crore from the target of it. The budget size has been set Tk 3 lakh and 40 thousand crore. So the budget size is increasing about 15.07 per cent than that of the current budget while the ADP size is uplifting 13.40 per cent, according to Finance Ministry sources. It was being heard for last couple days that the government is...

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