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BTCL refuses to reconnect UK firm despite court order    

The country’s state-owned telecommunications company is refusing to reconnect a British firm to the country’s network despite having been ordered to do so by the courts. London-based Zamir Telecom has been cut off from the Bangladesh network since March, causing it significant financial damage. Telecoms minister, Abdul Latif Siddique, has admitted giving the order for the disconnection of Zamir Telecom from the Bangladesh Telecommunications Company Limited (BTCL). naufal-zamirThis was in breach of a 2010 court order overturning a similar situation. Zamir Telecom successfully challenged BTCL in a Dhaka court in ea...

Job scope for 15,000 Bangladeshis in British curry industry

The 3.6 billion-pound British curry industry, mostly owned and run by Bangladeshi entrepreneurs, has a shortage of some 15,000 skilled chefs and managers, said a successful restaurateur, insisting the Bangladesh government on grabbing the opportunity, reports BSS. A leader of the British-Bangladesh Chamber of Commerce and Industry (BBCCI) already dispatched a proposal to the British government requesting to pave the way for fulfilling the requirement of manpower shortage from Bangladesh. “We’ve, of late, submitted a comprehensive proposal with requirement of around 15,000 jobs to the British Prime Minister . easing immigration rules got paramount importance in the proposal,” Enam Ali, MBE, a Bangladeshi living in Britain and director of BBCCI, told BSS here today.

Bangladesh, India strike electricity corridor deal

The Bangladeshi and Indian governments tentatively struck a power co-operation deal for 2017 that would allow India to transmit electricity from its northeastern states to Bihar through Bangladesh territory. In exchange, Bangladesh would get a daily minimum of 500 to 1,000 in additional megawatts, the Daily Star reported. Under the deal, reached April 3rd at the seventh meeting of the Bangladesh-India Joint Steering Committee on Power Co-operation, the two countries agreed to connect their distribution networks for the transfer of 6,000MW of hydroelectricity from Assam to northwestern Bihar via Boro Pukuria in Dinajpur, Bangladesh.

No scope for money whitening in new budget    

The upcoming national budget for 2014-15 financial year (FY15) is unlikely to leave any scope for whitening black money as people have been offered for years. “We have given the chances (money whitening) repeatedly, but the next budget would have no such provision,” Finance Minister AMA Muhith told the consultative meeting of the National Revenue Board (NBR), held at a city hotel on Thursday. MuhithAccording to NBR, some Taka 13,808 crore was whitened between 1971-72 and 2012-13 financial years, BSS reports. The finance minister, however, sai...

Growth rate should be oriented towards productive activities: Salehuddin Ahmed    

Former Bangladesh Bank governor and professor of business school, BRAC University, Salehuddin Ahmed, has expressed concern over slow growth rate and said it should be oriented towards productive and employment generating activities, which will benefit people. salehuddinAhmed said efforts to increase the growth rate should also aim at overall development of the society. “Even if we do not have this eight%, even if it is six or seven% if that particular growth is oriented towards, it comes from productive activities and employment generating activi...

World economic recovery requires structural reforms  

The global economic recovery, despite some hiccups, seems to have built up some steam.  While growth is strongest in developing countries, it is still slower than the pre-crisis period. A cautious attitude and ongoing aversion to risk mean that business confidence is tepid – especially in the EU. Experts think the prospects for a durable and sustained recovery hinge on whether national governments demonstrate their commitment to substantive structural reforms, according to the editorial of the current ICCB News Bulletin of International Chamber of Commerce-Bangladesh released on Wednesday.
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