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Govt shuts down messaging service to quell violence

Bangladeshi telecoms authorities on Sunday shut down a smartphone messaging service called Viber, which had become a popular communication medium for anti-government protesters. Viber-TangoThe Bangladesh Telecommunications and Regulatory Commission closed down the app “for the time being” on orders from law enforcement and security agencies, a commission spokesman told AFP. He did not give reasons for the decision, but local television station Channel 24 said Viber was shut down to prevent protesters from “exchanging information” acr...

DHK-CTG Elevated Expressway: MoU with China

The government plans to sign a memorandum of understanding with China for the construction work in three mega-infrastructure road projects, including Dhaka-Chittagong Elevated Expressway, involving billions of dollars, New Age reports. The two other projects are the construction of a new 6-lane Dhaka-Chittagong expressway and to widen the existing 2-lane Dhaka–Sylhet highway to a 4-lane highway, sources close to New Age said. china BDChina has assured the proposed fund to finance the projects as concessional loan on government-to-government basis, a ...

Market update January 18

Net Profit increased by 52 per cent of Matin Spinning Mills Ltd dse cseNet Profit after tax from July 14 to Dec 14 was Tk. 195.51 million with EPS of Tk. 2.01 as against Tk. 128.60 million and Tk. 1.32 respectively for the same period of the previous year. -----------Source, DSE KPPL will be placed in A category from existing N category with effect from January 19, 2015 -----------Source, CSE    

Japan’s shares lead losses in Asia

Shares in Japan fell to a two-and-a-half month low on Friday, following a fall in US stocks and the yen gaining strength against the dollar. In Tokyo, the benchmark Nikkei 225 traded down nearly 3% at one stage to 16,592.57 points, its lowest since 31 October. nikkieThe index finished the day 1.4% lower at 16,864.16 points. Losses in the US came after the Swiss National Bank moved to scrap its exchange rate cap with the euro. The move sent the value of the Swiss franc soaring, which put pressure on the euro, and helped the dollar reach a fresh one...

BD needs more labor rights to regain trade benefits

Bangladesh must do more to support workers' rights and fight unfair labor practices before officials consider restoring U.S. trade benefits, the U.S. Trade Representative's office said on Friday. RMG Rana PlazaThe United States revoked trade benefits for Bangladesh in mid-2013 after a garment factory collapse and a factory fire killed more than 1,200 people. An administration review found that, although more than 2,000 safety reviews of factories had been carried out in the last year, several hundred more still had to be done. ...

UN alarmed at ‘deepening’ political violence in BD

The United Nations (UN) human rights office has expressed concern over the rising levels of political violence rippling across Bangladesh amid fears of a return to a state of destructive brinkmanship seen in the run up to the country’s 2014 elections. “The deepening political violence in Bangladesh, resulting from the failure of the two major political parties to resolve their differences peacefully, is very disturbing,” Ravina Shamdasani, spokesperson for the Office of the High UN alarmedCommissioner for Human Rights (OHCHR), said Friday...
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