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Dhaka

India approves Rs 1,000cr for Indo-Bangla rail link

The Indian government has sanctioned around Rs.1,000 crore for a 15-km India-Bangladesh railway project, an official said on Sunday. The union government on Saturday communicated to Tripura that it had sanctioned Rs.580 crore to lay the rail tracks and acquire required land in Tripura, Transport Secretary Samarjit Bhowmik said. bd-indiaThe external affairs ministry earlier agreed to provide Rs.400 crore to lay the new tracks and to acquire land in Bangladeshi territory. Union cabinet secretary Pradeep Kumar Sinha is looking after the execution of...

HSC results Aug 9

The results of the Higher Secondary Certificate (HSC) and equivalent examinations of 2015 will be published on August 9. nahidEducation Minister Nurul Islam Nahid revealed the date while talking to reporters at his office at the Secretariat on Sunday, reports UNB. The minister will first hand over the copy of the results to Prime Minister Sheikh Hasina at 10 am and later brief the media about the results. Educational institutions will then publish the results. The written HSC and equivalent examinations began on April 1 across the country and ended on...

Islami Bank booms market price by Q2 EPS

Islamic Bank Bangladesh Ltd (IBBL) makes Net profit 246% more than previous year. Hopefully this bank is going upward through it’s standard operational activities. The Investors may expect a handsome return from IBBL. IBBLFurthermore, the reports shows consolidated Net Profit after tax (excluding non-controlling interests) from Jan-15 to June-15 was Tk. 3,395.24 m. with consolidated EPS of Tk. 2.11 as against Tk. 974.06 m. and Tk. 0.61 respectively for the same period of the previous year. Whereas consolidated Net Profit after tax (excluding non-controlling...

Mobile phones to move money

Bangladesh, home to the world’s second-largest mobile money company, is moving to consolidate the industry as it expands financial services to the rural poor. The central bank has proposed channeling all mobile transactions through bank-led companies with a minimum capital of 1 billion taka ($13 million), said Bangladesh Bank Governor Atiur Rahman. This would force smaller providers to merge and link up with banks. mobile-money“There are a lot of entrepreneurs who could never be reached by conventional banks,” Rahman said in an interview in...

BEZA seeks funding for spl economic zone

The Bangladesh Economic Zone Authority (BEZA) has sought funding from the finance division of the Bangladeshi government to set up a special economic zone at Anwara upazilla in the port city of Chittagong to attract Chinese investment. gov1The BEZA has recently sent a proposal to the finance ministry seeking over 420 crore taka interest free fund for acquisition of land for the Chinese Economic and Industrial Zone (CEIZ).
Paban Chowdhury, BEZA executive chairman, told Xinhua: "We have sent a letter req...

Airtel to make Cox’s Bazar Digital Surfing City

Airtel Bangladesh Limited, the fastest growing telecom operator of the country, in partnership with Bangladesh Computer Council, Information and Communication Technology Division of ICT Ministry has signed a memorandum of understanding (MoU) to enhance the global brand image of Cox’s Bazar, facilitate tourism and establish Cox’s Bazar as the Digital Surfing City through Private-Public Partnership. [caption id="attachment_18365" align="alignright" width="504"]Airtel-Cox Bazar Digital City Press Release
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