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Govt to buy more rice locally to boost reserves

The government  will buy more rice locally in an effort to replenish reserves while it has no plan to import the grain this year, the head of the state grains buyer said on Wednesday. Such procurement is crucial for the South Asian nation to feed its poor and keep domestic prices stable at a time when government reserves are at five-year lows. "We are buying 400,000 tonnes of rice from local farmers this harvesting season, double from the earlier purchase target," Ahmed Hossain Khan of the Directorate General of Food, the state grains buyer, said.

Airtel Service Center Meet held in Chittagong

Airtel Bangladesh Limited, one of fastest growing telecom operators of the country, organized an event called ‘Airtel Service Center Meet’ for their valued Airtel Service Center (ASC) owners at Asian SR Hotel, Station Road in Chittagong. Airtel has 1700 ASCs in Bangladesh out of which 475 are located in Chittagong. Soumen Mitra, Zonal Business Manager of Chittagong zone, Jafry Shamim, Head of Zonal Experience, A.H.M. Golam Kibria, Zonal Customer Service Manager and Anupom Kumar Dey, Senior Manager, Engineering of Airtel Bangladesh Limited, were present at the event along with invited ASC owners of Airtel Bangladesh Limited.

Coca-Cola, UPPR dedicate sanitation facilities in Tangail

Coca-Cola and Urban Partnerships for Poverty Reduction (UPPR) dedicated the first water and sanitation project , completed under the ‘Every Drop Matters’ initiative in Tangail. The project titled ‘Bangladesh-School-Led WASH Initiatives in Urban Slums’, is one of Coca-Cola Bangladesh’s efforts towards improving water and sanitation facilities in schools together with UPPR. The project has been implemented by SPACE, a national NGO, with technical assistance from Concern Universal Bangladesh. Picture 1

Green Delta joins hands with Pran-RFL

Green Delta Capital Limited (GDCL) together with Islamic Corporation for the Development of the Private Sector (ICD) has signed an agreement on Thursday with PRAN-RFL Group under which Green Delta Capital Limited together with Islamic Corporation for the Development of the Private Sector will act as Joint Mandated Lead Arranger to raise up to $35 million Foreign Currency Term Loan for expansion of its cycle project. press release_GDCL_Pran RFLMd. Rafiqul Islam, Chief Investment Officer of Green Delta Capit...

Foreign aid commitments down by 41pc in July-Jan

Foreign aid commitments plunged 41 per cent in the first seven months of the current fiscal as development partners pledged funding US$ 1.29 billion less than that of the corresponding period of last fiscal, officials said Wednesday. Economic Relations Division (ERD) officials said multilateral lenders and development partners working with Bangladesh confirmed US$ 1.55 billion in loans and grants in the Jul-Jan period of the current fiscal year (FY) 2013-14 compared to that of $ 2.84 billion in the corresponding period of the FY 2013, reports the Financial Express (FE). “Political turmoil and lack of the expected level of confidence of the donors are the major reasons behind the less-than-expected aid commitment by the deve...

Selima becomes Global Ambassador for TIAW

Selima Ahmad, Founder President of Bangladesh Women Chamber of Commerce & Industry (BWCCI) has become a Global Ambassador for The International Alliance for Women (TIAW), USA. selimaThis prestigious membership was given to Selima for her extraordinary work in developing women entrepreneurs of the country as well as the region. The chosen ambassadors are women with extensive networks of global contacts within the international women’s economic development community who have substantive practica...
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