Orion opens LPG bottling plant in Mongla

Orion Group yesterday opened a bottling plant of liquefied petroleum gas (LPG) in Mongla in order to fill the gap in the supply of cooking fuel. The factory built at a cost of 200 crores Tk will supply 80,000 tons of LPG per year. The country's demand for LPG, mainly used for cooking, is estimated […]

Read More →
TIB concerned over selection of DSE strategic partner

Transparency International Bangladesh (TIB) has criticized the alleged attempts by the Bangladesh Securities Commission (BSEC) for unlawful interference and influence in the selection process of the foreign strategic partner for the Dhaka Stock Exchange (DSE). In a press release issued on Friday, TIB's executive director, Dr. Iftekharuzzaman, claimed that a certain Indian company was ingesting […]

Read More →
ILO panel once again calls for a robust labour law

The Committee of Experts of the International Labor Organization urged the Government to ensure that the Bangladesh Labor Law and Bangladesh Labor Regulations respect the ILO Conventions . The ILO also urged the Government to ensure that the Labor Bill allows freedom of association for workers 'and employers' organizations and is brought into line with […]

Read More →
Integrated policy needed for venture capital financing: experts

An integrated policy is needed to put venture capital financing, an alternative investment platform, into practice to create new entrepreneurs, said the speakers yesterday. The government formulated the Alternative Investment Rules in 2015, but the law has not yet been implemented because of a lack of coordination, they said at the time. a workshop. The […]

Read More →
Rice imports to be 32-year high

Rice imports have been on track for 32 years this year due to the insatiable demand of private traders for high prices in the local market. As of February 9, cereal imports amounted to 28.90 metric tons, compared to 1.33 million tons imported into the country during the 2016-17 fiscal year, according to data from […]

Read More →
Germany to boost rail investment to 9b euros in 2018

The German railway operator Deutsche Bahn announced on Thursday that it would sharply increase its investments in its infrastructure this year, as part of a multi-year battle to grunt the delays of the # 39; history. The group plans to spend a "record sum" of 9.3 billion euros to modernize, repair and expand the tracks, […]

Read More →
iPhone users may have to wait for 4G for few days

iPhone users may not be able to use the fourth-generation (4G) mobile data service for a few days or weeks after its official launch on Monday. About 15 lakh iPhone users in the country are unable to receive the fastest mobile Internet service since major mobile operators have found that the country's code '880'. is […]

Read More →
Political harmony needed to achieve GDP target: MCCI

Political harmony should be maintained in the country to achieve the government's economic growth and inflation goals, said yesterday the Dhaka Chamber of Commerce and Metropolitan Industry (MCCI) . He said that adequate infrastructure, energy, policy continuity, skilled labor, political stability and a favorable climate for investment are the key factors of higher economic growth. […]

Read More →
Iran raises rates to shore up rial

Iran has increased bank deposit rates and frozen the accounts of hundreds of foreign currency brokers in an effort to shore up the rial's value, according to information released on Thursday. The currency had lost a quarter of its value in six months, dropping to 48,400 for a dollar on Wednesday, while threats by US […]

Read More →
Indian bank reports $1.8b fraud at single branch

India's second-largest state-owned bank announced Wednesday that it had detected nearly $ 1.8 billion in fraud in one of its branches, plunging its stock by more than nine per cent. The Punjab National Bank (PNB), one of many public lenders that the government is trying to clean up, said that deals worth $ 1.77 billion […]

Read More →