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70pc revenue pilfered

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Anti-graft body finds call carriers, some BTCL staffs; culprits enjoy blessings of ministers, MPs M Rahman and Abdullah Mamun An Anti-Corruption Commission enquiry has found that 40 international call carriers had gobbled up money for around 70 percent of incoming calls since 2010 which the BTCL was supposed to get. It also found that the […]

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China Communication Construction Company Ltd (CCCC) yesterday placed a feasibility study for a multi-lane road tunnel under the Karnaphuli River to Bangladesh Bridge Authority. The company proposed to build the 3.5-kilometre-long tunnel at least 33 metres down from the river bed at a cost of over $700 million, according to the report. The tunnel may […]

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Bangladesh has objected to the new rules of the UK Border Agency on the financial statements required for British visa applications. The UK government named only 14 banks in Bangladesh to issue financial documents to support visa applications, which the Bangladesh foreign ministry said was a violation of international rules. “Picking only 14 banks out […]

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BP Plc is expected to pay a record US criminal penalty and plead guilty to criminal misconduct in the 2010 Deepwater Horizon disaster through a plea deal reached with the Department of Justice (DoJ) that may be announced as soon as Thursday, according to sources familiar with discussions. Three sources, who spoke to Reuters on […]

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Dhaka, Nov 13 (bdnews24.com) – Bangladesh needs to attain 7.5 to 8.0 percent growth along with 8.0 percent remittance growth to reach middle income country status by 2021, says a World Bank report. The report titled `Bangladesh: Towards Accelerated, Inclusive and Sustainable Growth-Opportunities and Challenges` revealed that both GDP growth and remittances would play an […]

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The Emirates Group yesterday announced its half yearly results, which remain robust despite continued global economic pressure and high fuel prices. The Group posted $575 million net profit for the first six months of its current fiscal year that ended on September 30, up 68 percent from $343 million from September 30 last year, said […]

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Prime Minister Sheikh Hasina and her Belarusian counterpart Mikhail Myasnikovich witness the signing of 12 agreements and MoUs between Dhaka and Minsk at her office on Monday. Bangladesh and Belarus inked seven agreements and five memorandums of understanding (MoU) on Monday to strengthen bilateral relationship. The agreement and MoUs were signed for expansion of trade […]

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Ride out the gloom

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Social businesses plan to create 22.14m jobs around the world by 2015 THE HEARTBEAT: Queen Sofia of Spain, right, and Prof Muhammad Yunus, left, beat drums with a group of artists who played an African drumming ensemble to open the Global Social Business Summit at the Austria Centre in Vienna yesterday. Photo: Nasir Ali Mamun […]

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Mahakhali kitchen market on Thursday became the capital city’s third commercial centre pledging to prevent traders from selling formalin-tainted commodities. The market will now have a machine that can correctly detect formalin in commodities like fish, fruits and other foodstuff. Commerce Minister GM Quader handed the machine _ donated by Standard Bank _ to ASM […]

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Prime Minister Sheikh Hasina on Wednesday stressed enhancing the volume of two-way trade with Laos by harnessing untapped resources of the both countries. “We’ve immense scope to increase our volume of trade by harnessing our untapped resources, and during our official talks, we’ve emphasised on finding ways and means for increasing our mutual flow of […]

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With sweat and smarts, Pakistan-born Shahid Khan built a $3.4 billion manufacturing juggernaut from the ruins of an Illinois auto parts maker. To celebrate, he just bought one of the worst teams in the NFL, with the pledge of a similar turnaround. Only in America, folks. Driving down a dusty back road in Danville, Ill., […]

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By: Rejaul Karim Byron The finance division has pointed out five major risks associated with Malaysia’s proposed financing for the Padma bridge project, and said those concerns must be addressed if the proposal is to be accepted, according to a finance ministry official. Though the deal has been described as a government-to-government agreement, the Memorandum […]

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