ADB is providing a $45 million loan and the government of the Netherlands is expected to give a grant of $7 million. Both provided initial funding for the scheme, which was approved in 2005.
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ITCL to spin-off in Bangladesh
SiS International (00529) said it was notified by Information Technology Consultants Limited (ITCL) that the Bangladesh Securities and Exchange Commission (SEC) has approved the listing 
application submitted by ITCL and issued a letter of consent for raising of capital by ITCL.
ITCL is a company incorporated in Bangladesh in 2000 and is currently owned as to about 43.6% by indirectly wholly-owned subsidiaries of SiS International. ITCL is principally engaged in the business of providing electronic payment services in Bangladesh. (HL).
application submitted by ITCL and issued a letter of consent for raising of capital by ITCL.
ITCL is a company incorporated in Bangladesh in 2000 and is currently owned as to about 43.6% by indirectly wholly-owned subsidiaries of SiS International. ITCL is principally engaged in the business of providing electronic payment services in Bangladesh. (HL).
TPP signing worries economists, trade leaders
Bangladesh is set to lose its competitive edge in global apparel business as trade ministers of 12 Asia Pacific nations signed the Trans-Pacific Partnership agreement on Monday.
Economists and leaders of trade bodies suggested that Bangladesh should take preparations to join the landmark Trans-Pacific Partnership (TPP) agreement in future.
Bangladesh is set to lose its competitive edge in global apparel business as trade ministers of 12 Asia Pacific nations struck the deal in Atlanta.
The hard-won deal to create the world’s largest free-trade area, en...
The hard-won deal to create the world’s largest free-trade area, en...
Spies accused of blocking media adverts
Officers from the army’s intelligence agency have instructed major companies to stop advertising in Bangladesh’s two leading independent newspapers, sources told Al Jazeera.
The demand for foreign-owned corporations to stop advertising in the Prothom Alo and Daily Star newspapers was allegedly given by officers from the Directorate General of Forces Intelligence (DGFI), following the August 16 publication of a story on the army’s killing of five men in the Chittagong Hill Tracts.
Later that day, army officials contacted both papers and criticised them for describing the dead men as “indigenous” people instead of “terrorists”, sources said on condition of anonymity for fear of reprisals. Since then, Prothom Alo the most widely read newspaper in the country with
Q1 remittances reach $ 4bn
Bangladesh’s central bank governor elected chairman of Asian Clearing Union ADB to lend Bangladesh $45 mln for water resource project India’s push to save its cows starves Bangladesh of beef Arrest warrants for 33 Bangladesh opposition members Bangladesh’s Mustafizur mesmerises with record wicket haul
Bangladeshis living and working abroad remitted home nearly $4 billion in the first quarter of the current 2015-2016 fiscal year, a central bank official said on Wednesday.
Quoting provisional data, the Bangladesh ...
Quoting provisional data, the Bangladesh ...
Facebook posts get people arrested in Bangladesh
Many people have been arrested in Bangladesh recently for expressing their opinions on Facebook. Those arrests were made under a new law, which bloggers consider as an attempt to curb free speech in the country.
Bangladesh police arrested a schoolboy on September 30, 2015 for posting “offensive remarks about Islam” on Facebook. He is a student of class nine and lives in Magura, a district far from
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