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Economists at a CPD discussion say political will is key to economic integration From right, Dilliraj Khanal, chairman of Institute for Policy Research and Development, Nepal; Prof Wahiduddin Mahmud, an economist; Rehman Sobhan, chairman of the Centre for Policy Dialogue (CPD); and Abdur Razzaque, food minister, attend a dialogue on “Value chains for inclusive development”, […]

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Kazi Akramuddin Ahmed’s panel is leading in the FBCCI polls winning 11 out of the 15 Director posts from the Chamber Group. FBCCI Election Board Chairman Ali Ashraf MP told bdnews24.com that Ahmed-led panel bagged 11 posts while his rival Annisul Huq-led panel got remaining four. According to FBCCI rules, 30 directors are elected through […]

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A voter casts her vote in the FBCCI election at the Federation Bhaban in the capital on Saturday. A supporter of Ganatantrik Parishad panel came under attack while going to cast his vote in the biennial election to the country’s apex trade body FBCCI in Motijheel Saturday afternoon. Meanwhile, the election board of Federation of […]

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The biennial election of the country’s apex trade body Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will be held today amid tight security. This year, a total of 1,608 voters from the association group and 390 voters from the chamber group would cast their votes to elect 30 directors from both groups. A […]

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The amount rises by Tk 7,282cr during July-Sept Bad loans increased by Tk 7,282 crore or 1.58 percentage points in the third quarter this year as a significant amount of loans related to the recent incidents of scams was classified. The central bank is putting pressure on the banks to get the real picture of […]

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Ministries, divisions portray only successes in power generation, remittance and other areas The cabinet headed by Prime Minister Sheikh Hasina yesterday expressed satisfaction with annual reports of the ministries and divisions, which focused only on the success of the government. The reports drew attention to positive developments in 28 areas like power generation, inflow of […]

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The central bank will introduce the Real Time Gross Settlement (RTGS) in the financial services of commercial banks by 2014 to ensure smoother and quicker inter-bank clearing of payments, said Bangladesh Bank (BB) officials on Sunday. “We’re working to develop the swift finance service mechanism, and the RTGS will be introduced by 2014 to integrate […]

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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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Haor areas highly vulnerable to climate change, says Speaker Hamid Finance Minister AMA Muhith Recognising that the farmers are not getting the fair prices of their produces, Finance Minister AMA Muhith on Saturday said the government was trying to raise the crop procurement rate. �The major problem is that they (farmers) are not getting the […]

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Just past board of the bank approved Tk 65cr loan Sajjadur Rahman The immediate past board of directors of Sonali Bank approved a Tk 65.41 crore project loan for controversial Hall-Mark Group, which shows that the board was responsible, at least partly, for the Hall-Mark loan scam. Of the amount, Tk 57 crore has already […]

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Summit overcomes financing hurdles for two big power projects Local power company Summit has overcome its financing hurdles to two major base-load power projects while it is formally withdrawing from another power project in Bibiyana so that the government can award the deal for that to a Saudi company. Summit chief Muhammad Aziz Khan has […]

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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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