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Govt to consider upstream costs in setting gas tariffs: source

The governemnt has for the first time decided to set the domestic gas tariffs in line with the costs of production following requests from international oil companies for an increase, a former senior Petrobangla official told Platts Monday, October 20. Bibiana-gasThe Energy and Mineral Resources Division of the Ministry of Power, Energy and Mineral Resources, or MPEMR, asked Petrobangla earlier this month to propose an increase in the gas tariff by calculating upstream costs, former Petrobangla chairman Hussain Monsur said. “We have started cal...

Bangladesh the new frontline for human trafficking

CHRIS UHLMANN: The ruling Thai Military says a group of Bangladeshi nationals, believed to be the victims of slave traders, are receiving “appropriate treatment”. Thai police say they now have in custody more than 130 people, mainly from Bangladesh who say they were forced to board boats to Thailand. Human TraffickingBangladesh is now the new frontline for human traffickers, but Thai authorities say they have little resources to stop them. South East Asia correspondent, Samantha Hawley reports from Bangkok. SAMANTHA HAWLEY: The...

Bank Asia holds workshop on corporate governance

With the global financial crisis of 2007 along with BASEL-III knocking the door, also banking system’s endeavor to align with the global standard “Corporate Governance” has emerged as a major component of a strong organisational culture. As such Bank Asia led the way by inviting International Finance Corporation (IFC) to conduct a comprehensive workshop on “Corporate Governance”. pixMr. A Rouf Chowdhury, Chairman of Bank Asia inaugurated the workshop at a local hotel in the capital city Dhaka on Saturday (18 October, 2014). Chairman of Risk Management C...

Appollo Ispat maintaining progress in business

Appollo Ispat Complex Limited has been maintaining progress in it business. Though it is a short time it has been listed on the stock exchanges, it is leading engineering sector companies in terms of share transaction. Appollo Ispat Complex Ltd. LogoBesides, the company is regularly undertaking new initiatives for raising its capacity as a modern CI sheet manufacturer in the country. The company recently extended its agreement with world-famous Japanese steel making company Marubeni-Itochu. Appo...

Coats celebrates 25 years in Bangladesh

Coats plc, the world’s leading industrial thread and consumer textile crafts business, is celebrating 25 years in Bangladesh. This historic milestone is being marked by the announcement of the opening of a new state of the art zips factory in Chittagong, Bangladesh, at a gala event in Dhaka on Sunday 19 October, attended by over 400 customers and suppliers. The event was also recognized the highly successful joint venture in Bangladesh with AK Khan Group. coatsThe Ready Made Garments (RMG) industry has been the mainstay of Bangladesh’s economic grow...

Bangladesh performs better than other SAARC countries: Study  

The performance of Bangladesh is better in attaining poverty target compared to other South Asian countries. It has made remarkable progress in areas of primary schooling, gender parity in primary and secondary level education. It was disclosed in ‘SAARC Development Goals: Bangladesh Country Report 2013’ (SDGs). The General Economics Division (GED) of the Planning Commission launched the report at the NEC Conference Room in city’s Sher-e-Bangla Nagar in the city yesterday. branding-BangladeshPlanning minister AHM Musta...
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