Browse Month

June 2015

Accord, Alliance will not be extended: Commerce Minister

Commerce Minister Tofail Ahmed today said the government will not extend the staying period of Accord and Alliance after their tenures are expired. Staying period of Accord, a platform of mainly European retailers, ends today (May 31) while Tofael_ahmed_tenure of Alliance, another platform of North American brands, will come to an end in July 2018, reports BSS. “We’ll not extend their staying period in Bangladesh. After the end of their tenures, they will get six months to wrap up their operations,” said Tofail ...

7 mega projects to get Tk 29,675cr in FY19

Seven large projects are likely to get Taka 29,675 crore in the upcoming budget for financial year 2018-19 (FY19) for accelerating the implementation process of these ‘fast-track’ projects, reports BSS. “The government will allocate for the mega projects as per their demand. We want to implement the mega projects within the scheduled time for the benefits of the economy,” Finance Secretary Mohammad Muslim Chowdhury told BSS. The mega projects are Padma Multipurpose Bridge, Padma Bridge Rail link, Dohazari-Cox’s Mega Projects

New instructions for existing bank credit

Bangladesh Bank (BB) on Wednesday issued new instructions for banks to avoid the increasing trend of lending rate. “Banks can’t increase the rate of interest if the rate is fixed. In case of flexible, variable or bbfloating interest rate, banks can increase the rate once in a year,” said a BB circular issued Wednesday. For increasing the interest rate, the circular said, banks will have to issue notice to the borrowers at least three months ago. In case of term loans, banks can increase the lending rate by 0.50 percent each time. But,...

Bangladesh joins jute fair in Tokyo

A pavilion of Bangladesh was inaugurated today at Interior Life-style Fair at the Big Site of Tokyo in Japan to showcase Bangladeshi jute products. jute goodsChairman to the Parliamentary Standing Committee on Textiles and Jute Saber Hossain Chowdhury, Bangladesh Ambassador to Japan Rabab Fatima and Export Promotion Bureau Vice Chairman Bijoy Bhattachariya inaugurated the pavilion, reports BSS. A total of 10 jute business organizations are taking part in the fair where they are showcasing different items of jute produ...

Bank Asia to provide financial support to buy 4G handsets

The leading digital service provider of the country, Robi, has recently signed an MoU with the leading commercial bank, Bank Asia, to provide micro financial support for Robi customers to purchase 4G handsets. Bank Asia’s President and Managing Director, Md. Arfan Ali and Robi’s Managing Director and PR PictureCEO, Mahtab Uddin Ahmed signed the MoU on behalf of their respective organizations at the Robi Corporate Office. Bank Asia’s Senior Executive Vice president and Head of Retail Banking Ariful Islam Chowdhur...

BD Supply Chain Excellence Awards 2018

IPDC Finance Limited, the first private financial institution of Bangladesh established in 1981, has arranged a press conference recently on Bangladesh Supply Chain Excellence Award (BSCEA) 2018 with Bangladesh Supply Chain Management Society (BSCMS) in association with The Daily Star at The Daily Star Centre, Dhaka. The main objective of this press conference was to share more insights about the award ceremony. IPDC-BSCEA 2018BSCEA 2018, one of its kind recognizes outstanding individual and organizational co...