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Explosives seized being smuggled from India into Bangladesh

The Indian Border Security Force ( BSF) seized 32 kgs of explosives were seized in two different raids from Malda and Murshidabad between Saturday and Monday. The latest seizure was on Monday, when BSF troops of the 125Bn carried out a special raid near the Churiantpur BOP in the Kaliachak police station area of Malda. Zaizul Haque (23), an Indian national from the local Mohabbatpur village was nabbed with nearly 12 kg of low-intensity explosive. Haque was trying to send the consignment across the border into Bangladesh. BSFWeapons and explosives are being smu...

Amendment 15 borne to satisfy the wish of Sheikh Hasina, says AHRC

Human dignity denied in Bangladesh

The Amendment 15 to the constitution of Bangladesh is critical. This amendment was borne to satisfy the wish of the incumbent Prime Minister, says Asian Human Rights Commission (AHRC). Gross abuse of human rights in Bangladesh are mostly related to quest for, and maintenance of, power, which guarantees the ruling segment 'licence' to corruption and impunity, AHRC says. AHRC in its report on the state of Human Rights in Bangladesh, 2013 says, Prime Minister Sheikh Hasina used her official relief fund to bribe a Chief Justice and fulfil her desire of perpetuating power in this way. In a country where basic institutions related to the rule of law are a facade, such actions shouldn't surprise, the report added. ...

Santos quits India due to maritime dispute with Bangladesh

Close on the heels of mining giant BHP Billiton deciding to quit India, Australia’s Santos wants to exit its two oil and gas exploration block in Bay of Bengal due to delays in getting approvals to start work. Santos, Australia’s third-largest oil and gas producer, was in February 2007 awarded two blocks south-east of Kolkata, has written to the government saying it has not been able to carry out exploration in the area because of defence restrictions and maritime boundary dispute with Bangladesh. It offered to surrender the blocks NEC-DWN-2004/1 and NEC- DWN-2004/2 on which it has already spent $60 million, reports Business Standard. Santos had won the blocks, that lie close to Bangladesh border, in the 6th round of New Exploration Licensing Policy.

IBFB suggests adequate measures to safeguard economy

The International Business Forum of Bangladesh (IBFB) and its President Hafizur Rahman urged Bangladesh Bank to take adequate financial measures to safeguard economy and business of the country during the ongoing volatile political situation. In a recent proposal sent to the Governor of Bangladesh Bank, IBFB strongly suggested some special financial measures such as extending the deadline for CIB Reporting, rescheduling bank loans, reducing lending rate up to 10 per cent or below, bringing down the interest rate spread below 4.0 per cent etc. IBFB, as mentioned in the proposal, strongly believes that in a growing democratic country like Bangladesh peaceful and business friendly environment is a sine qua non for ensuring the development wheel rolling on through which trades and busine...

Airtel signs corporate deal with Golden Harvest

Airtel Bangladesh Ltd, one of the fastest growing mobile service providers of the country, has signed an agreement with Golden Harvest Group, one of the largest local diversified conglomerates focusing on information technology, bulk commodities trading, real estate developments, logistics and food processing, located at Tejgaon in the capital. Golden Harvest_Approved pictureAirtel Bangladesh will be providing Golden Harvest Group with best in class mobile solu...

Money laundering workshop at Bank Asia

Bank Asia has organized a day-long comprehensive training on “Prevention of Money Laundering & Terrorist Financing” for its 41 officers in an effort to improve their professional efficiency. 5R-41copySyed Nazimuddin, Senior Executive Vice President and Head of Foreign Remittance Department of the bank inaugurated the training program as chief guest at the bank's Corporate Office in the city on Saturday. Md. Murshid Al-Amin, Vice President and Head of Anti-Money Laundering Department was also present on the occasion. Bank Asia alway...
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