Saturday , March 24 2018
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Bangladesh approves construction of 317km border roads


DHAKA: The National Economic Council Executive Committee (Ecnec) approved a project to construct some 317 kilometres “border roads” on hilly frontiers with India and Myanmar along Bangladesh’s southeastern hills with a key objective of tightening border security. Briefing newsmen after the meeting with Prime Minister Sheikh Hasina in the chair, planning minister AHM Mustafa Kamal said the construction of the ... Read More »

Probe points fingers at West Bengal customs officers


DHAKA: The CBI probe into the arrest of a Malayali BSF Commandant with Rs 47 lakh he received as bribe, is now pointing fingers towards Customs officers in West Bengal.The CBI has received information regarding the involvement of Customs officers in West Bengal in the high-level corruption which was facilitating smuggling across the India-Bangladesh border. It has found the cattle ... Read More »

Bangladeshi farmers turn to flood resistant crabs


DHAKA: Bangladesh points at the four-foot-high platform of gray clay he and his wife have just struggled to build. The mound is intended to keep their next home above ever-rising floodwaters. But even it won’t last long, he fears. “Within the next 10 years, monsoon high tides will be flowing over this level,” he predicts.  With tidal floods fast worsening ... Read More »

UN Committee lauds Bangladesh’s human rights achievements


DHAKA: The first review of the National Report of Bangladesh at the 63rd session of the committee for the International Covenant on Economic, Social, Cultural Rights or ICESCR was held in Geneva on Mar 15-16, the foreign ministry said on Friday. State Minister for Foreign Affairs Md Shahriar Alam led the Bangladesh delegation comprising the Permanent Representative of Bangladesh Mission ... Read More »

Bangladesh Saudi Arabia JEC meeting underway in Riyadh


Dhaka: The 12th meeting of the  joint economic commission (JEC) of Bangladesh and Saudi Arabia started in Riyadh on Wednesday. The two-day meeting started discussing cooperation in the fields of labor, finance, investment, trade, customs, air transport, agriculture, education, international and social issues. Bangladesh’s 17-member delegation at the meeting is being led by Kazi Shafiqul Azam, Secretary of the Economic ... Read More »

Bangladesh PM pulls out all the stops to woo Singapore firms


DHAKA: Bangladeshi Prime Minister Sheikh Hasina yesterday went all out in her bid to woo Singapore companies to her fast-growing country, offering as draws its booming economy, competitive workforce and liberal investment regime. She even made a generous pledge of land, a move that drew applause from the more than 200 participants at the inaugural Bangladesh-Singapore Business Forum. Bangladesh, which ... Read More »

Bangladeshi PM woos Singapore companies with economic and land incentives


KABUL: Bangladeshi Prime Minister Sheikh Hasina on Tuesday (March 13) went all out in her bid to woo Singapore companies to her fast-growing country, offering up as draws its booming economy, competitive workforce and liberal investment regime.   As the country presses on with the next stage of its development, it can offer investors access to newly-expanding industries and special ... Read More »

Bangladesh’s macroeconomic performance robust in the coming year


DHAKA: The macroeconomic performance of Bangladesh is set to remain robust in the coming year and inflation broadly stable, a top official of the International Monetary Fund (IMF) has said. “Macroeconomic performance is set to remain robust in the coming year and inflation broadly stable,” the Tao Zhang, IMF Deputy Managing Director said on the eve of his travel to ... Read More »

Bangladeshis arrested for running illegal homestay business


DHAKA: An Immigration Department raid saw 28 Bangladesh nationals arrested after they were found to be running an illegal homestay business in the heart of Kuala Lumpur. In the 11.45pm raid on Thursday (March 8), the Department officers raided a high-end residential premises. Immigration director-general Datuk Seri Mustafar Ali said the raid was conducted based on reports in the media ... Read More »

State owned banks in Bangladesh prone to sizeable liability risk


DHAKA: Bad debt has been dogging the banking sectors in Bangladesh with the total amount of capital deficit in state-owned banks of Sonali, Rupali, Janata and BASIC standing at more than Tk 76.26 billion. The government had injected Tk 102.72 billion into state banks as recapitalisation facility from FY2006 to FY2017, Finance Minister AMA Muhith said in parliament last month. ... Read More »

Bangladesh on right track of economic success


DHAKA: Experts from Bangladesh and Singapore stressed on how consistent Bangladesh’s economic growth has been and advised more on what needs to be done for further development. This was part of a joint panel discussion between Singapore’s Institute of South Asian Studies (ISAS) and Bangladesh’s Cosmos Foundation at the Ballroom of the city’s Orchard Hotel on March 5. “At a ... Read More »

Bangladesh to seek more Vietnamese investment


DHAKA: Bangladeshi businesses will seek more investment from Vietnam during the visit of the Southeast Asian country’s President Tran Dai Quang, who arrived in Dhaka yesterday. The bilateral trade volume is in favour of Vietnam, from where Bangladesh has been importing woven fabrics in bulk quantity since 2011 after the relaxation of the Rules of Origin by the EU for ... Read More »

Bangladesh moves to hike gas prices as it readies for LNG import


DHAKA: Officials at the state-run energy corporation Petrobangla anticipate that prices may have to be doubled once LNG import starts in late April or early May. Petrobangla is proceeding to push up the price while Bangladesh Energy Regulatory Commission or BERC is following suit. State Minister for Power, Energy and Mineral Resources Nasrul Hamid has also hinted at a possible ... Read More »

Three day long US trade show begins in Dhaka


DHAKA: The American Chamber of Commerce in Bangladesh (AmCham) and the United States embassy in Dhaka have organized the event. Addressing the event as its chief guest, Bangladesh Commerce Minister Tofail Ahmed urged entrepreneurs in the United States to come forward to invest in Bangladesh. “Foreign entrepreneurs could make investments here… The government has withdrawn double tax system for export ... Read More »

Morocco Bangladesh sign agreements to bolster cooperation


DHAKA: Morocco and Bangladesh signed agreements here on Wednesday to deepen bilateral cooperation.The Moroccan foreign minister Nasser Bourita met with his Bangladeshi counterpart Abul Hassan Mahmood Ali, and a draft agreement on bilateral consultations between the foreign ministries was signed. They also inked an agreement to avoid double taxation and tax evasion regarding income tax. Mahmood Ali hailed in a ... Read More »

Government of Bangladesh ambassador responds to opinion piece at just security


DHAKA: In the run-up to the 2014 Bangladesh general elections, candidates of the Bangladesh Nationalist Party (BNP), the opposition to the ruling Awami League, headed by Prime Minister Sheikh Hasina, were broadly trailing in opinion polls, foretelling an election rout. At the same time as the boycott, the BNP’s foot soldiers and major funding source, Jamaat, which had been declared an illegal political party ... Read More »

ADB partners with DBBL to provide support for trade


DHAKA: The Asian Development Bank’s (ADB) Trade Finance Program (TFP) and Dutch-Bangla Bank Limited (DBBL) on Thursday signed an agreement to provide $10 million in loans annually to support trade in Bangladesh. ADB’s TFP has been operating in Bangladesh since 2004 and currently works with 13 local partner banks. To date, the program has conducted 1,983 transactions, supporting almost $3.1 ... Read More »

Thugs with political clout control unsafe jar water business in Dhaka


DHAKA: Orders from the ‘Bhais’ or influential people, however, are more important than concerns about public health to those running restaurants and other shops that sell the jar water to the unsuspecting consumers. The retailers say they buy water packaged in jars from the plants of local politicians in order to run their business without any hassle. And the people ... Read More »

Bangladesh opposition leader jailed for five years on corruption charges


DHAKA: Bangladesh Nationalist Party (BNP), Khaleda Zia, was convicted and sentenced to five years jail this month after a special court found her guilty of corruption. She was imprisoned on February 8. Zia was accused of embezzling nearly 21 million taka ($US250,000) in foreign donations meant for an orphanage trust established when she was prime minister from 2001 to 2006. ... Read More »

Bangladesh seeks access to Kolkata port for exports imports


DHAKA: Bangladesh has sought access to Kolkata port for carrying out exports and imports, according to sources. The access may help Bangladesh attract Indian FDI in designated SEZs on the West Bengal border. A formal presentation in this regard was made during the Commerce Secretary-level bilateral talks in Dhaka on February 7 and 8. The proposal that came through bilateral ... Read More »