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WB to come with robust portfolio in 2nd half of current fiscal

The World Bank (WB) is expected to come up with a robust portfolio in the 2nd half of the current fiscal year (2013-14) in Bangladesh with significant funding in a couple of projects including municipality governance improvement and emergency cyclone recovery. For FY 14, the World Bank have a robust portfolio including US$ 410 million for Municipality Governance Improvement Project and $140 million additional financing for Emergency Cyclone Recovery and Remonstration Project, among others, an official of the World Bank’s Dhaka office told UNB.

Farmers say no to GM vegetables in Bangladesh

One hundred civil society organisations have written to Bangladesh Prime Minister Sheikh Hasina to oppose the commercialisation of a genetically modified (GM) eggplant. Known locally as Bt-Brinjal, the GM eggplant contains a synthetic insect-killing toxin similar to Cry1Ac from the soil bacterium Bacillus thuringiensis (hence the acronym Bt) targeted at the fruit and shoot borer. bt brinjalBt toxins are already known to have many off-target effects, including toxicity to beneficial pest pre...

S Arabia inks labour cooperation pact with India

Saudi Arabia and India have signed an agreement on labour cooperation for domestic service workers recruitment. The agreement was signed in New Delhi today by Minister for Overseas Indian Affairs Vayalar Ravi and Minister for Labour of Kingdom of Saudi Arabia Adel Bin Mohammed Fakeih. KSA, IndiaThe features of the agreement are: i.It aims to protect the right of both the employers and domestic service workers and regulate the contractual relation between them. ii. It endeavors to contr...

Shipbuilder sets benchmark in health, safety standards

In a cavernous hangar, an imam recites a short prayer as workers gather round. When he has finished, managers wearing white overalls and hardhats mount the platform, pick up wooden mallets and strike an aluminium keel. The noise ricochets around Western Marine Shipyards, one of Bangladesh’s leading shipyards, as everyone applauds. The keel is the foundation and spine of any ship, and this short keel-laying ceremony marks the start of work on the shipyard’s latest order. Work also recommences on the 13 other ships, fishing trawlers and ferries in various stages of construction at the yard. ...
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IBBL to distribute over 2 lakhs winter clothes

Islami Bank Bangladesh Limited (IBBL) has taken initiative to distribute two lakhs ten thousand pieces of winter clothes among the winter affected people this year across the country. RajHead office and branches of the bank have been conducting the activities at their respective areas. Chapainawabganj Branch of the Bank, as part of this program, distributed winter clothes among winter hit people of Poura area through a function at HasinaGirlsHigh School field recently. AAM Habibur Rahman, Executi...

BHBFC profits Tk 85.76cr during ½ half of current fiscal

Bangladesh House Building Finance Corporation (BHBFC) has earned a profit of Tk. 85.76 crore during 6 months in the fiscal year 2013-2014. BHBFCFrom July 2013 to December 2013, the Corporation gained income totaling to Tk. 122.04 crore. During the same period of the last fiscal year the amount was Tk. 111.97 crore and the amount of expenditure was Tk. 36.28 crore. The amount of loan sanction, disbursement and recovery were respectively Tk. 222.20 crore, 225.97 crore and 200.45 crore that result in t...
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