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Rat-hole coal mining ban hits Bangladesh

Coal-dependent industries in neighbouring Bangladesh have been badly affected in view of the ongoing ban imposed by a green tribunal on unscientific rat-hole coal mining in Meghalaya, officials said here. coal-fire1Bangladesh officials confirmed this at the first-ever bilateral meeting of the deputy commissioners/district magistrates of Meghalaya (India) and Bangladesh held in the state capital here. Speaking to reporters on the sidelines of the meeting, Deputy Commissioner of Kurigram district of Bangladesh A B M Azad said, “We are badly suffe...

Third ‘border haat’ along India-Bangladesh frontier opens

Tripura’s first “border haat” - the third such market along India’s frontier with Bangladesh - was inaugurated here Tuesday to boost trade of local produce of both the nations. Union Commerce and Industry Minister Nirmala Sitharaman and her Bangladeshi counterpart Tofail Ahmed jointly inaugurated the “border haat” here, about 140 km south of Tripura capital Agartala. borderhaat-112Two “border haat” were set up in 2012 on Meghalaya-Bangladesh border - Kalaichar (India)-Baliamari (Bangladesh) and Dalora (Bangladesh)-Balat (India)....

NTPC to invite tenders for $ 1.2b BD power plant

NTPC, India's biggest electricity generator, will invite tenders this month for the construction of a $1.2 billion, joint venture power project to be built in Bangladesh. PowerThe coal-fired 1,320 MW plant, expected to become operational by December 2018, is aimed at meeting Bangladesh's growing energy requirements. "We hope to award the construction project in June and work will start soon after," NTPCBSE -0.93 % chairman Arup Roy Choudhury said. The company has appointed Fichtner Consulting Engineers and is selecting a consultant to help in sourcing coal...

BB launches weekly sukuk issues

The central bank has launched a weekly Islamic bond issuance programme, providing local lenders with a new short- term liquidity management tool and boosting the prospects of Islamic finance in the majority-Muslim country. bbBangladesh has developed a sizeable Islamic finance industry but a lack of sharia-compliant instruments such as sukuk threatens to limit further growth of the sector. The central bank has had a sukuk programme since 2004 which has sold six-month paper, but more frequent issuance and a wider range of tenors are increasingly needed for an indust...

AIBL congratulates BB Governor

Al-Arafah Islami Bank Ltd (AIBL) has congratulated the Governor of Bangladesh Bank (BB) Dr. Atiur Rahman for achieving the award of Central Bank Governor of the Year, Asia-Pacific for 2015 by UK based financial magazine The Banker. 20150113 - AIBL Governor Congratulation PressManaging Director of the Bank Md. Habibur Rahman congratulated Governor Dr. Atiur Rahman with flower bouquet at his office recently. General Manager of Bangladesh Bank A.F.M. Asaduzzaman, Deputy Managi...

‘Robi Seba’ in Mymensingh

Mobile phone operator Robi Axiata Limited has launched ‘Robi Seba’ in Mymensingh recently. Mahtab Uddin Ahmed, Chief Operating Officer, Robi has indurated the centre. IMG_7128Muhammad Mehedi Hasan, Vice President, Market Operation; Raz Sharif Shah Jamal, Corporate Affairs, People & Corporate; Syed Ashraf Uddin Ahmed, Regional Manager, Mymensingh; Mohammed Mazedur Rahman, General Manager, Regional Operations, Technology and other Regional colleagues were present in the occasion.
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