After two weeks of rising tensions on the Bangladesh-Burma border, the two sides reached an agreement in Naypyidaw on Wednesday over the ongoing border crisis. In a nine-point statement, the two countries agreed to share information regarding border issues and establish a direct channel of communication between senior officials from both sides. They also vowed to work together to crack down on the illegal narcotics trade across their common frontier. “With regard to preventing and controlling the illegal drug trade, the bor...

Housing Minister Engineer Mosharraf Hossain, MP said, well-planned urbanization is always a priority issue for the ruling govt. Taking huge population growth over the last couples of years in capital Dhaka and other important cities like Chittagong, Khulna, Rajshahi, Sylhet etc. into serious consideration, the Govt. is planning to gradually establish more satellite towns like Purbachal, Jhilmil in and around Dhaka and other metropolitan cities. Engr. Mosharraf also stated that keeping scarcity of lands in mind, the Govt. is planning to...

State-owned organisations have witnessed a net profit of Tk 3,022 crore in the first ten months of outgoing fiscal 2013-14, reports BSS. Frequent investment from government and expansion of trade have helped them to boost profit overcoming the trend of losses in the last three consecutive fiscals, according to the Bangladesh Economic Review-2014. The review has also forecast the organisations would deposit Tk 1,017 crore to the national exchequer as the share of profit of the full fiscal year. In addition, during the fiscal, the rate of operational revenue growth of those organisations was 32.47 per cent.