Browse Day

July 3, 2023

Govt mulls subsidy to popularise LPG

The Energy Ministry has been studying different possible options to provide subsidy to the LPG (liquefied petroleum gas) sector to popularise it and make it more accessible to the people living in the areas having no pipeline-gas network. According to official sources, the new move came against the backdrop of the government’s plans to limit the use of pipelined gas by replacing it with any other alternative. LNGThe idea has captured policymakers’ minds following the recent hearing of the Bangladesh Energy Regulatory Commission (BERC) on the state-ow...

Row over Tulip’s link to Putin, terms Hasina hardline leader

The Labour candidate in Britain’s most marginal seat was last night accused of failing to tell voters that she met Vladimir Putin in Moscow two years ago when a controversial billion-dollar arms deal was signed. [caption id="attachment_14937" align="alignleft" width="300"]Tulip Labour candidate Tulip Siddiq (left) was last night accused of failing to tell voters that she met Vladimir Putin (right) in Moscow two years ago[/caption] Tulip Siddiq, a former aide to Ed Miliband, and who is standing for Labour in Hampstead, was at the Kremlin with her aunt, the...

Moment of truth for the Nobel Peace Prize

The Nobel Peace Prize is about to bow out to critics. As of Jan. 1, the Oslo-based Norwegian Nobel Committee that selects the winners has a new secretary, Olav Njølstad, who announced that “changes loom” in a recent interview. However, Njølstad added, the changes “will not be dramatic”, making it unlikely that they will satisfy the full makeover demanded by The Nobel Peace Prize Watch, a newly-formed advocacy group nobel prizewishing to reverse and undo international militarism. In a letter sent in February to the Nobel Prize awarder...

Gender equality comes on the airwaves

Judging by how often they make headlines, one might be tempted to believe that women in Bangladesh don’t play a major role in this country’s affairs. A recent media monitoring survey by the non-governmental radioorganisation Bangladesh Nari Progati Sangha (BNPS) revealed that out of 3,361 news items studied over a two-month period, “Only 16 percent of newspaper stories, 14 percent of television news [items], and 20 percent of radio news [items] considered women as subjects or interviewed them.” “Most of our audience are poor and they either don’...

MoU between Midland Bank, Long Beach Hotel

Midland Bank Limited (MDB) recently signed a MoU with Long Beach Hotel Ltd. Under this agreement, MDB Visa cardholders will enjoy special privileges from Long Beach Hotel, Cox’s Bazar. Press PhotoMd. Ridwanul Hoque, SVP & Head of Retail Distribution of Midland Bank Ltd. and Sharif Sadi, Head of Sales & Marketing of Long Beach Hotel signed the agreement on behalf of their respective organizations, at a simple ceremony held at Bank’s Head Office, Dhaka. Khodoker Nayeemul Kabir, Deputy Managing Director, Muhammad H. Kafi, Chie...

Seminar on factoring for foreign trade in city

Importers are no more interested to import through opening L/C. Under L/C, importers have to provide required margin and sufficient security to their banks in order to confirm L/Cs. Even for a successful importer, there comes a time when the growing requirements for L/Cs margin go beyond the importer's financing ability and L/Cs coverage exceeds the security available to give to the bank. Moreover, importers need to approach banks for issuing L/Cs on each occasion of importing goods from abroad, which is really time consuming for foreign trade.