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Maiden Ticfa meeting in April-end

The first meeting under the Trade and Investment Cooperation Forum Agreement (Ticfa) between Dhaka and Washington will be held in the last week of April next, said an official on Monday, reports UNB. “The meeting will be held in the last week of April as proposed by the US side,” Commerce Secretary Mahbub Ahmed told UNB. The maiden meeting of Ticfa was originally scheduled for April 7-8 but postponed as both sides did not find the schedule convenient due to other engagements. ticfa-us Both sides are now working to set specific dates for the two-day meeting through a mutual understandi...

All banks to go for real-time settlement next year

Banks will be able to make instant settlement of foreign currency and government securities-related transactions as well as local currency transactions when Bangladesh Bank will introduce the ‘real-time gross settlement’ system by July next year. According to a BB report, the RTGS system will replace the existing deferred net settlement system under which banks settle transactions in 1-2 days. bbThe RTGS is an electronic settlement system where transfer of funds or securities takes place from one bank to another on a real-t...

NBR set to hunt organisers for tax

The National Board of Revenue is set to hunt the organisers of the BCB celebration concert for non-payment of taxes on the payment to foreign performers, including Indian composer and singer AR Rahman and Senegalese-American hip-hop icon Akon, officials of the revenue board said. They said that the organisers – Bangladesh Cricket Board, Blues Communications and Grey Advertising – did not even take permission from the revenue board for participation of foreign artistes in the concert. NBR1Until now, the NBR di...

German envoy questions Rampal, Ruppur plant

German Ambassador in Dhaka Dr Albrecht Conze has expressed concern over the government’s recent decisions to construct a coal-fired power plant not far from the Sundarbarns and a nuclear power plant near Pabna. Questioning some of Bangladesh’s energy choices, especially two projects, Rampal power plant and Ruppur nuclear power plant, the envoy said energy generation needs to take environmental risks into account. Ambassador Conze made this statement while opening the Goalpara Power Substation in Khulna on Sunday, which has recently been upgraded through introduction of energy efficient technology with support from German Development Cooperation (GDC), according to a media release issued by GIZ.

Ghashful organizes recitation program

Ghashful, a media house organized a poem recitation program on ‘Muktijuddher Kabita’ (Poems for Freedom Fight) on Saturday evening March 15, 2014 at A.S. Mahmud Hall, Daily Star Center in the capital. ghashfulPresided over by Dr. Hayat Mamud, renowned writer and educationist, the keynote paper written by Bilu Kabir was presented and Ata Sarkar, Story writer discussed on the subject. After recitation a poem by Nazmul Ahsan, Rawnak Sultana delivered welcome address on behalf of Ghashful family. The sel...

PBL in Women Entrepreneurs’ Confce

Pubali Bank Ltd (PBL) has participated in the Women Entrepreneurs’ Conference and Product Display-2014. Bangladesh Bank Governor Dr. Atiur Rahman visited the stall of Pubali Bank. Managing Director and CEO of Pubali Bank Limited Helal Ahmed Chowdhury presented a flower bouquet to the Governor of Bangladesh Bank during his visit to the stall of the Bank. SME MELABangladesh Bank organised the biggest-ever gathering of Women Entrepreneurs’ Conference and Product Display-2014 in the city recently to popular...
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