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Feb 19th
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9 Traders Fined for Charging High Price PDF Print E-mail
Thursday, 09 September 2010

Price monitoring teams have fined nine shops at Karwan Bazar for charging higher prices for their products than those fixed by the government, an official statement has said.

The shops were fined during a drive by the price monitoring teams of the commerce ministry at the chicken market and Dhaka City Corporation market of Karwan Bazar on Wednesday.

PM Eyes 11000MW by 2015 PDF Print E-mail
Thursday, 09 September 2010

Another 1600MW power will be added to the national grid by the end of this year and total generation will be raised to 11,000MW by 2015, prime minister Sheikh Hasina has said.

Hasina was addressing a rally at Shikolbaha, Chittagong on Wednesday, after inaugurating a 150MW peaking power plant.

This declaration came amid a severe power crisis across the country.

150MW Plant Adds up Wednesday PDF Print E-mail
Monday, 06 September 2010

A peaking power plant of 150MW capacity is set to come on stream in Chittagong on Wednesday, even though whether the plant will get the fuel supply it needs to run at full capacity is uncertain.

Prime minister Sheikh Hasina will inaugurate operations of the dual-fuel plant located in Patia Upazila's Shikolbaha. It will feed the national grid during peak hours, which authorities hope will ease power outages in Chittagong.

Activists Urge RMG Workers' Pay before Eid PDF Print E-mail
Saturday, 04 September 2010

The Garments' Sramik Sangram Parishad has urged for the implementation five-point demand of the garments workers, including paying off wages and bonuses by Sep 7.

The organisation's convenor Mahbubur Rahman Ismail, in a written speech, raised the demand at a press briefing on Saturday, at the organisation's temporary office on Topkhana Road, in the capital.

Obama Says to Address New Economic Ideas Next Week PDF Print E-mail
Saturday, 04 September 2010

President Barack Obama will outline new measures next week to boost the US economy after August data on Friday showed again that jobs -- the central issue in November elections -- were being created too slowly.

Obama, speaking to reporters in the White House Rose Garden, greeted a better-than-expected August employment report that showed thousands of new private sector jobs were created as "positive news."

1320MW Deal with India Inked PDF Print E-mail
Tuesday, 31 August 2010

Two top state-run entities of Bangladesh and India have signed a deal in New Delhi that would immediately pave the way for joint venture for a 1320 MW thermal power project in Khulna, with scopes open for another with equal capacity in Chittagong.

The Memorandum of Understanding, signed on Monday between Bangladesh Power Development Board and India's National Thermal Power Corporation Limited, is intended to give a push to bilateral cooperation for development of power sector in Bangladesh.

Investors not Keen on New Power Scheme PDF Print E-mail
Sunday, 29 August 2010

A government proposal to provide special privileges for private investors wanting to get involved in the power sector has not been well received by the business sector.

The new government proposal was explained at a discussion on Saturday involving finance minister AMA Muhith, he prime minister's energy adviser, Tawfiq-e-Elahi Chowdhury, other senior government officials and the business community..

Saudi Prince Backs Beximco for $1b Project PDF Print E-mail
Sunday, 29 August 2010

Beximco has teamed up with a company tied to the Saudi royal family to bid for the billion-dollar BMRE project of the lone oil refinery of Bangladesh, a statement said on Sunday.

"In line with its business diversification objectives, Beximco Ltd is now poised to enter into the oil and energy sector, and has mobilised necessary resources for this purpose," the statement issued in Dhaka said.

Factories Adulterating Food Found in Old Dhaka PDF Print E-mail
Saturday, 28 August 2010

Rapid Action Battalion (RAB) have discovered factories manufacturing adulterated semai, talmichrri (sugar-candy) and gur at Old Dhaka's Begumbazar and Moulavibazar.

A team from RAB-2 led by magistrate ADM Anwar Pasha found three factories, four storehouses and two packaging factories during a search in the areas.

Traditional Saris Still an Eid Favourite PDF Print E-mail
Saturday, 21 August 2010

The sari market, this Eid too, is seeing a steady rise in demand for traditional locally made saris.

Markets are livening up with the approaching Eid-ul-Fitr celebrations, and even though sales are yet to hike up, buyers are crowding the markets to catch a glimpse of the new wears on display.

Visits to the market have found huge crowds shifting through the shops at Mirpur's Benarasi Palli and the Dhanmondi Hawkers' Market.

FPC Rice Sale Programme for Poor Starts PDF Print E-mail
Thursday, 19 August 2010

The programme for the sale of rice to poor people holding 'fair price cards' (FPC) was launched on Thursday.

SM Golam Kibria, public relations officer at the food ministry, told that the programme had started from 10am.

BINA Creates New Salinity Tolerant Paddy PDF Print E-mail
Wednesday, 18 August 2010

The Bangladesh Institute of Nuclear Agriculture (BINA) has innovated a new type of salinity tolerant paddy species for the country's southern area, where percentage of salinity in soil and water is much higher than that of other parts of the country.

BINA officials hoped the salinity tolerant paddy will increase the production of rice per hector in the southern areas of the country.

HC Orders to Continue Mobile Court PDF Print E-mail
Tuesday, 17 August 2010

The High Court has asked the government to continue the operation of the mobile court, for prevention of adulteration in food and price hike of commodities, for two months.

The government has also been asked to explain within three weeks why it should not be ordered to take effective steps towards the prevention of adulteration of food and illegal price hike of commodities.

OMS Rice Sale Launched PDF Print E-mail
Tuesday, 10 August 2010

Open market sale (OMS) of rice was launched on Tuesday to keep rice prices within the reach of the poor people, during the upcoming month of Ramadan.

Food ministry officials said that the sale had started at the in all metropolitan cities and divisional headquarters of the country, including Dhaka, on Tuesday from 10am.

India to Allow Nepal, Bhutan B'desh Ports Access PDF Print E-mail
Monday, 09 August 2010

Foreign minister Dipu Moni has revealed that India will allow Nepal and Bhutan to use Mongla and Chittagong ports to export their products to other countries.

Briefing journalists at the foreign ministry on Sunday, Moni said the Indian government will also finance a railway project from Khulna to Mongla port.

Chickpeas Price Hike in Ramadan Feared PDF Print E-mail
Saturday, 07 August 2010

Wholesale traders are not anxious about price hikes for chickpeas as there is 'abundant stock', but consumers are worried as chickpeas are already selling at prices higher than the government rate of Tk 44 per kg.

A visit to the Dalpotti (pulse market) at Chawkbazar's Rahmatganj in the capital and conversation with traders of retail markets and consumers revealed that wholesalers were selling chickpeas at Tk 38-40 per kg to retail traders, who in turn were selling chickpeas to consumers at Tk 46-48 per kg.

Monetary Policy 'Can't Tackle Inflation' PDF Print E-mail
Thursday, 05 August 2010

Financial experts at a discussion on Wednesday slammed the central bank's monetary policy, saying it would fail to tackle inflation.

"Achieving the desired inflation rate of 6.5 percent [by Bangladesh Bank] is no way possible," said former finance adviser to the immediate past caretaker government AB Mirza Azizul Islam.

Microcredit, poverty both rising: Muhith PDF Print E-mail
Thursday, 05 August 2010

The rate of poverty reduction does not match the expansion of micro-credit in the country, said the finance minister.

"Poverty alleviation is not reducing at the desired pace in spite of increase in disbursement of micro-credit," said finance minister AMA Muhith on Wednesday, while speaking at the award giving ceremony of the 'Citi Micro-enterprenuership Awards 2009.'

Protesting Workers Driven off Highway PDF Print E-mail
Tuesday, 03 August 2010

The police have clubbed and tear-gassed thousands of apparel workers off the Dhaka-Narayanganj link road, who had come out on the streets from Kathherpool, Kutubail, Ramarbagh, Shibu Market and Fatulla Post Office Road areas in Narayanganj to protest the minimum pay scales.

At least 20, including police officials, were injured in the sporadic clashes that occurred at Kathherpool and surrounding areas on Monday morning.

Most ISD Call Rates down From Sunday PDF Print E-mail
Sunday, 01 August 2010

From Sunday, the costs of telephone calls to most overseas destinations will be reduced, according to the website of Bangladesh Telecommunication Regulatory Commission (BTRC).

These lower prices are part of the decision by the BTRC to bring all calls under a single platform - with callers from now on having to dial 00 to make international calls. Callers will no longer be able to make calls using 012 prefix.

Amended Money Laundering Act Soon: Muhith PDF Print E-mail
Sunday, 01 August 2010

Finance minister Abul Maal Abdul Muhith has said that the government will amend the money laundering act in the next parliamentary session.

The finance minister was briefing journalists after a meeting with the customs, VAT and tax officials at the Chittagong Circuit House on Saturday noon.

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