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Indo-Bangla power JV to be operational by FY18

The USD 1.2-billion Indo-Bangla power joint venture is planning to award the contract for construction of the plant by April 2015 and expected to start commercial generation by FY18. “We expect to award the contract next year. The company has recently appointed Fichtner Consulting Engineers and is in the process of finalising a consultant who will help in sourcing coal for the project,” NTPC Chairman & Managing Director Arup Roy Choudhury said. bd-indiaThe plant is likely to consume around 8 million tonnes of coal every year and the entire generat...

SEU shares Eid joys with destitute children

On the eve of Eid-Ul-Fitre, the Department of Textile Engineering of Southeast University (SEU) organized a program for distributing Eid clothing among destitute children as part of their social responsibility. Eid Clothing-1The program was taken place at SEU permanent campus at Tejgaon, Dhaka on July 23, 2014, where the Vice Chancellor of SEU Professor Dr. Anwar Hossain handed over colorful outfits among those children. Dean of School of Science & Engineering and Chairman of the Department of Textile Engineering Professor S...

ROBI distributes Eid clothes among poor children

Leading mobile phone operator Robi Axiata Limited has completed distribution of clothes as Eid gifts among underprivileged children across the country. A total of 25000 underprivileged children in all 64 districts received new clothes from Robi which commenced the countrywide campaign in early July. The massive distribution was conducted in association with Volunteer for Bangladesh, a youth wing of JAAGO Foundation. IMG_9329Befitting with the theme of the campaign “In this Eid, who will you make smile?”, the clothes distribution program was ai...

Khalid new Chairman of AIBL Audit Committee

Khalid Rahim has been elected as Independent Director of the Board of Al-Arafah Islami Bank Ltd and Chairman of the Board Audit Committee. He was elected unanimously in the 260th meeting of the Board of Directors held on 24th July, 2014. Khalid Rahim is a Fellow member (FCA) of the Institute of Chartered Accountants in England & Wales and a member of ICAB (Bangladesh). Currently he is Senior Consultant of Rahman Rahman Huq, Chartered Accountants, KPMG Bangladesh. Director Khalid RahimKhalid Rahim was based in L...

Good governance must for high growth

Adequate infrastructure, energy, skilled manpower, political stability and investment-friendly climate are the key factors for higher economic growth. However, good governance is the key to ensure all these issues, according to the editorial of the current ICCB News Bulletin (April-June 2014) of International Chamber of Commerce-Bangladesh released on Sunday. Bangladesh is targeting to become at the lower end of middle income country by 2021. The per capita income of the country, according to 2005-06 base years, has reached to $1,190 in 2014. ICC Bulletin

Banking sector caught in enervating trap  

Country's banking sector is caught in an enervating trap characterised by high rates of interest, excess liquidity and declined growth in credits to private sector and intermediating low investment, according to an independent multidisciplinary think-tank findings. Such a situation of the banking sector is attributed to poor risk management and high fraudulence, driven by captured governance and lax oversights. This altogether results in truncated profits to the shareholders. Unnayan-Onneshan, the think-tank, revealed the la...
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