Browse Author

bdreports24

Tk 2.95 trillion budget

Finance minister Abul Maal Abdul Muhith Thursday proposed Tk 2.95 trillion (Tk 2,95,100 crore) national budget with a deficit of Tk 86,657 crore in parliament. He sets the target of attaining economic growth at 7 per cent at the end of the 2015-16 fiscal. muhith-1“Our main objective in this fiscal year’s budget will be to break free of the 6 per cent growth trap, and climb up to higher growth trajectory,” the finance minister hoped while unveiling the budget in parliament. The budget of the outgoing fiscal 2014-15 was proposed at Tk 2.5...

Indian insurance co to do business in Bangladesh

Bangladesh’s insurance sector regulator has approved the Life Insurance Corporation of India (LIC) to operate in the country, a media report said on Wednesday. insurance“We have given LIC a letter of consent upon certain conditions. They will be able to start operations once they are fulfilled,” bdnews24.com quoted Bangladesh Insurance Development and Regulatory Authority (IDRA) chief M. Shefaq Ahmed as saying. A joint venture entity with the paid-up capital of one billion taka (around $13 million) -- LIC Bangladesh Ltd.—will be created for this p...

Samsung, Excel Telecom celebrate ‘Power of We’

The Leading Mobile Device Distribution Company Excel Telecom has celebrated it’s partnership with world’s number 1 Smartphone Brand Samsung, they named it “The Power of We”. This partnership launching event was held in a five star hotel this evening. IMG_0814Mr. Salahuddin Alamgir; Chairman Labib Group and Managing Director Excel Telecom, Col.Syed Syedis Sakalayen, PSC; CEO Excel Telecom, Mr.CHOON SOO Moon; Managing Director Samsung Electronics Limited Bangladesh, Mr.YOUNG-WOO LEE; Director Samsung Electronics Limited Bangladesh and Mr. Hasan...

ADB loan to address severe power shortages in Bangladesh

The Asian Development Bank (ADB) today signed the finance agreements for a loan of $75 million to Summit Bibiyana II Power Company Limited for a private sector gas-fired power plant in Bangladesh to help the country address severe power shortages. “The project will benefit households, business and industry by improving access to electricity,” said Hayato Hoshi, senior investment specialist with ADB’s Private Sector Operations adb1Department. “It will also help to further promote private sector investment in Bangladesh’s energy sector where few major in...

Govt joins Better Than Cash Alliance for digital financial service

Aligned with the nation’s Digital Bangladesh Vision 2021, the Government today announced it will accelerate its transition from cash to digital payments, marked by a new partnership with the Better Than Cash Alliance. With mounting evidence that digital financial services are a sustainable strategy to deliver effective govtaccess to financial services for all citizens, the move also supports the Government’s efforts to advance financial inclusion. The Government plans to digitize all forms of social safety payments to citizens, and all forms of fees ...

Bangladesh Fashion Carnival kicks off

A 5 day international exhibition of branded clothing and fashion products begins today, 3rd June 2015 at Emmanuell’s Banquet Hall at Gulshan-1 in the city. opening ceremony pictureOver 45 companies from home and abroad are participating in this exhibition titled ‘Bangladesh Fashion Carnival- 2015’, 4th of its kind & will run till 7th June 2015. Redcarpet365 Ltd, an event management firm, is organizing the event with the theme ‘Do Your Eid Shopping with Us.’ “Visitors already comi...
Verified by MonsterInsights