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5th Capital Market Fair kicks off in port city

The 5th Capital Market Fair’ 2015 organised by Chittagong Stock Exchange Ltd (CSE) kicks off today at 10 am at the GEC Convention Center in the port city Chittagong. The fair will continue till October 29. _MG_0259In the inaugural ceremony, Prof Dr M Khairul Hossain, Chairman of BSEC graced the occasion as chief guest. Among others, Prof Md. Helal Uddin Nizami, Commissioner, BSEC, Sheikh Kabir Hossain, Chairman CDBL spoke on the development of capital market. They highlighted the present and future prospect of the market, regulatory activit...

ADB to lend $ 45m for water resource project

The Asian Development Bank (ADB) is part-funding expansion of a water resources project in southwest Bangladesh that has sharply increased agriculture production and benefited nearly 200,000 people, it said on Tuesday.
ADB is providing a $45 million loan and the government of the Netherlands is expected to give a grant of $7 million. Both provided initial funding for the scheme, which was approved in 2005. [caption id="attachment_20187" align="alignleft" width="540"]A farmer carries a stack of jute to be dried in Manikga... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

ITCL to spin-off in Bangladesh

SiS International (00529) said it was notified by Information Technology Consultants Limited (ITCL) that the Bangladesh Securities and Exchange Commission (SEC) has approved the listing dseapplication submitted by ITCL and issued a letter of consent for raising of capital by ITCL. ITCL is a company incorporated in Bangladesh in 2000 and is currently owned as to about 43.6% by indirectly wholly-owned subsidiaries of SiS International. ITCL is principally engaged in the business of providing electronic payment services in Bangladesh. (HL).

TPP signing worries economists, trade leaders

Bangladesh is set to lose its competitive edge in global apparel business as trade ministers of 12 Asia Pacific nations signed the Trans-Pacific Partnership agreement on Monday. Economists and leaders of trade bodies suggested that Bangladesh should take preparations to join the landmark Trans-Pacific Partnership (TPP) agreement in future. Bangladesh is set to lose its competitive edge in global apparel business as trade ministers of 12 Asia Pacific nations struck the deal in Atlanta. rmgThe hard-won deal to create the world’s largest free-trade area, en...

Spies accused of blocking media adverts

Officers from the army’s intelligence agency have instructed major companies to stop advertising in Bangladesh’s two leading independent newspapers, sources told Al Jazeera. The demand for foreign-owned corporations to stop advertising in the Prothom Alo and Daily Star newspapers was allegedly given by officers from the Directorate General of Forces Intelligence (DGFI), following the August 16 publication of a story on the army’s killing of five men in the Chittagong Hill Tracts. Later that day, army officials contacted both papers and criticised them for describing the dead men as “indigenous” people instead of “terrorists”, sources said on condition of anonymity for fear of reprisals. Since then, Prothom Alo the most widely read newspaper in the country with

Q1 remittances reach $ 4bn

Bangladesh’s central bank governor elected chairman of Asian Clearing Union ADB to lend Bangladesh $45 mln for water resource project India’s push to save its cows starves Bangladesh of beef Arrest warrants for 33 Bangladesh opposition members Bangladesh’s Mustafizur mesmerises with record wicket haul Bangladeshis living and working abroad remitted home nearly $4 billion in the first quarter of the current 2015-2016 fiscal year, a central bank official said on Wednesday. Remittance-450x325Quoting provisional data, the Bangladesh ...
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