Tk 1,356cr project for power link with western region
Aiming to establish uninterrupted power connection between capital Dhaka and the western region, the government has launched a fresh project to install a 400KV transmission line from Amin Bazar to Mongla via Mawa.
The modern and high-capacity transmission line would also bring the surplus electricity of Rampal coal fired power plant to Dhaka, reports BSS.
Power Grid Company of Bangladesh will implement the project involving Taka 1,356 crore by June, 2020. Asian Development Bank (ADB) would provide Taka 663 crore as project assistance while PGCB would contribute Taka 155.22 crore from own fund and the remaining 
Bangladesh looks to power up
Bangladesh has made huge strides in expanding its power generation capacity, but needs to concentrate more on weaknesses in its transmission and distribution system.
That was the conclusion of a panel of local experts at FinanceAsia’s 4th annual Bangladesh Investment Summit, held at the Ritz Carlton in Hong Kong on Tuesday.
The country’s foremost power expert, Dr Tawif-e-Elahi Chowdhury said the improvement in generating capacity since 2009 had been nothing short of a ‘miracle’.
Chowdhury attributed the transformation to “the audacious and visionary leadership” of Prime Minister Sheik Hasina, to whom he is an energy adviser.
Bangladesh certainly has ambitious energy targets as it tries to lift the world’s eighth largest
UNESCAP expresses optimism on BD economy
A UN body namely United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) has expressed its optimism about Bangladesh’s potential though trimmed its growth forecast for the economy in 2015-16 fiscal year (July 2015-June 2016) at 6.8 percent.
UNESCAP made the projection in a latest report it published in Dhaka on Thursday, reports Xinhua.
“The outlook for growth remains optimistic, with growth being projected at 6.8 percent in 2016 and 7 percent in 2017,” said the report, titled “Economic and Social Survey of Asia and The Pacific 2016.”
According to the report, Bangladesh has sustained a robust and resilient economic growth rate ![]()
ICAB Members’ Confce held in city
Chartered Accountants can contribute in prevention of illegal transactions and tax evasion practices. Central Bank and the other Government Departments should use the Accountancy Profession as a whole to prevent public interest by means of appropriate presentation, measurement and disclosure of the Financial Instruments for the ultimate development of the nation.
As chief guest Md Yunusur Rahman, Secretary, Bank and Financial Institutions Division, Ministry of Finance, Government of the People's Republic of Bangladesh said this at an ICAB Conference.
The Institute of Chartered Accountants of Bangladesh (ICAB) orgainsed the members’ conference on BFRS 9: Financial Instruments - An Overview and Key Changes from Current
PBL declares 12pc cash dividend
The 33rd Annual General Meeting (AGM) of Pubali Bank Limited (PBL) unanimously approved 12 percent Cash Dividend for the year ended 31st December 2015. The AGM was held at bank’s auditorium on April 28, 2016. Hafiz Ahmed Mazumder, Honourable Chairman, Board of Directors of Pubali Bank Limited presided over the meeting.
Directors’ of Pubali Bank Limited Habibur Rahman, Fahim Ahmed Faruk Chowdhury 
Moniruddin Ahmed, Syed Moazzem Hussain, Monzurur Rahman, Mrs. Rumana Sharif, ...
Moniruddin Ahmed, Syed Moazzem Hussain, Monzurur Rahman, Mrs. Rumana Sharif, ...
edotco brings camouflage structured roof top tower
The country’s first towerco, edotco Bangladesh Co. Ltd. (“edotco”) recently introduced its first roof top camouflaged tower structure, on the Chittagong Boat Club building.
edotco’s innovative camouflage designed tower structure protects the aesthetic look of the city and reduces the number of traditional towers required on roof tops that cause unnecessary pressure on buildings.
Such structures locally designed in edotco will enhance the look of the city, decrease pressure on the building, ensure network connectivity and minimize power consumption.
