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Airtel launches fuel payment method thru’ mobile

Airtel Bangladesh Ltd, one of the fastest growing mobile service providers of the country has launched a pioneering payment system through mobile phone service in Bangladesh. For the first time, Airtel’s Valued Customers can enjoy a cashless and card less solution for making payments at fuel stations in Dhaka. IMG_5596Now, an Airtel Customer with a DBBL mobile account can pay from his/her mobile phone while refilling fuel for their vehicle without using any cash or card for the fuel. Ai...

BPC plans to import 1.3m tons of oil in 2014

BPC (Bangladesh Petroleum Corporation) plans to import 1.3 million tons of oil in 2014 for its sole refinery, up more than 8 per cent from a year ago, a senior BPC official said On Wednesday. Next year, 700,000 tons of Murban crude would be sourced from Abu Dhabi National Oil Company. BPC logoBPC, the country’s sole oil importer and distributor, bought around 1.2 million tons of crude from the two national oil companies in 2013 for its Eastern Refinery in port city Chittagong. It ...

Taj Group launches first Gateway Hotel in Kolkata

The Gateway Hotels & Resorts, part of the Taj Group, announced the launch of The Gateway Hotel EM Bypass Kolkata. This will be the first Gateway branded hotel in Kolkata and the second Taj hotel after 24 years post the launch of Taj Bengal in 1989. The Gateway Hotels & Resorts caters to the upscale segment and has expanded its footprint in Eastern India with this launch.  With the opening of this hotel, The Gateway Hotels & Resorts now has 24 hotels in its portfolio, says a press release. Gateway Hotel EM Bypass Kolkata Launch

KrisEnergy ensures Tullow Bangladesh purchase

KrisEnergy Ltd has received approvals from the Bangladesh government and Bangladesh Oil, Gas & Mineral Corp. for KrisEnergy’s purchase of Tullow Bangladesh Ltd. Tullow holds 30 per cent working interest and operatorship of the onshore Bangora gas producing field on Block 9, which is 50 km east of Dhaka covering 1,770 sq. km. Production started from Bangora field in 2006. The field lies in a gas province with substantial gas infrastructure, KrisEnergy said. Third-quarter gross production from the Bangora averaged 92.7 MMcfd of gas and 285 b/d of condensate. tallow

Moody’s global base metals outlook remains stable

The outlook for the global base metals industry remains stable, said the Investors Service of Moody’s, an international credit rating agency, in a report released yesterday. Average prices for aluminum, copper, nickel and zinc will remain near 2013 levels in the next 12 to 18 months, but will continue to show volatility, said the Moody’s report entitled “Slow Global Recovery Will Keep Base Metals Prices Range Bound.” Global demand for base metals, however, will grow modestly, and “recovery will be uneven,” Moody’s said, adding that Industrial production will remain the main driver of growth.  Geologically, demand will grow at mid-single-digit rates in Asia, improve slowly in United States and Latin America, but remain sluggish...

Deal signed to construct Payra Bridge

The government has signed a Tk 26 crore deal for constructing the ‘Payra Bridge’ over Payra River on the Barisal-Patuakhali highway. bridgeRoads and Highways Department (RHD) chief engineer Aninur Rahman Laskar signed the deal on behalf of the government while president of Intercontinental Consultants & Technocrats Pvt Ltd of India Prashant Kapila, vice president of Kunhwa Consulting and Engineering Company Ltd of South Korea Choi Gang II, chairman...