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Hasina to Portray 'Digital Bangladesh' to Investors Sunday PDF Print E-mail
Saturday, 26 September 2009

Prime minister Sheikh Hasina will unveil the roadmap to envisaged 'Digital Bangladesh' before investors in New York on Sunday.

She will speak to the chiefs of Bangladesh Telecommunications Company Ltd. (BTCL) and the Board of Investment through an internet video conference tilted 'Business Summit with Pan Asian American Chamber of Commerce' at the Bangladesh Consulate.

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PM Eyes $7b FDI by 2015 PDF Print E-mail
Saturday, 26 September 2009

Prime minister Sheikh Hasina has said her government has sets it sights on boosting foreign direct investment into the country to $7 billion by 2015.

At an address in front of a small group of investors at Grand Hyatt New York on Thursday evening, she said it has also set aside $350 million for three public-private partnership programmes in an effort to draw foreign money.

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Millions milked in Pre-Eid Profiteering PDF Print E-mail
Sunday, 20 September 2009

Liquid packaged milk were not available in markets in the capital despite the announcement by the state-owned Milk Vita Company that it would keep the supply up until Sunday, ahead of Eid-ul-Fitr.

Milk Vita ran an advert in the daily Prothom Alo on Sunday that milk packets would be supplied until Sunday and that there will not be any supply from Sept 21 to Sept 23.

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Banks Open One 'Last Day' PDF Print E-mail
Sunday, 20 September 2009

Many commercial banks in the capital opened their doors for customers on Saturday, the last weekend before Eid-ul-Fitr.

State-owned banks and AD branches of private banks also remained open, following a central bank circular ahead of the long holiday period.

Dutch-Bangla Bank Limited and Bank Asia were among those to keep all their branches open in the capital.

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Still Unpaid, Workers Take Protest to BGMEA PDF Print E-mail
Sunday, 20 September 2009

Hundreds of garment workers demonstrated in front of the BGMEA Bhaban at Kawran Bazar on Saturday, demanding payment of still-due salaries and allowances ahead of Eid, barely days away.

Workers of factories in Savar and Gazipur also erupted in protests as, still owed salaries and bonuses, they remained unpaid just days ahead of Eid.

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Obama Seeks to Reassure G20 on Financial Reforms PDF Print E-mail
Saturday, 19 September 2009

President Barack, vowed on Saturday to work with fellow G20 leaders next week to close gaps in financial regulations and insisted reckless schemes that yield "fat executive bonuses" could no longer be tolerated.

Five days before hosting a summit of the Group of 20 nations in Pittsburgh, Obama said steps taken since they last met in April in London had produced "real progress" toward breaking the back of the global economic crisis.

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Workers Strike Down Ctg Port Over Bonus PDF Print E-mail
Thursday, 17 September 2009

Hundreds of workers and employees at Chittagong port abstained from work on Thursday demanding increased festival bonus, disrupting the cargo handling at the country's premier port.

The workers and employees, who are members of Chittagong Port Stevedores and Contractors Employees Union (CPSCEU), staged the work abstention since 8am, announcing that they would not rejoin work until their demand was met.

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Tea Export Drops, Local Consumption Rises PDF Print E-mail
Wednesday, 16 September 2009

Tea export has fallen drastically as foreign buyers are not participating in international auctions, thanks to, market observers say, rising prices of Bangladeshi tea.

In recent weeks, just 200,000 to 250,000 kilogrammes of tea were exported to the Middle East, while usual buyers from Pakistan, Afghanistan, Tazikistan and Uzbekistan have not been purchasing any tea from Bangladesh.

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RMG Sector Secures Its Aid PDF Print E-mail
Wednesday, 16 September 2009

The woven and knitwear industries will receive support from the government's stimulus package, to combat global recession fallout, finance minister AMA Muhith said on Wednesday.

The support will be provided according to details to be worked out by a working committee this month, Muhith told reporters after attending the second meeting of the government's recession taskforce.

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JS Body Seeks Halt to Sugar Exports PDF Print E-mail
Tuesday, 15 September 2009

A parliamentary committee has recommended a halt to sugar exports, as the essential commodity continues to soar in price, the committee chairman said on Monday.

The standing committee on industry also decided to investigate sugar export policies of the past BNP and caretaker governments.

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Child, Forced Labor behind Many Products: US Study PDF Print E-mail
Saturday, 12 September 2009

Children and forced laborers are mining gold, sewing clothing and harvesting cocoa around the world, and India is the source for the biggest number of products made by these workers, a US government report said on Thursday.

The Department of Labor for the first time released a list of goods produced by child or forced labor in foreign countries after Congress told it to compile one. The department looked at 122 products in 58 countries.

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EU Shrimp Export Ban Set to Ease PDF Print E-mail
Saturday, 12 September 2009

Shrimp exporters are set to ease a self-imposed ban on exports to the European Union after initiatives to eliminate contamination of frozen goods by a toxic antibiotic begin to take hold.

"We brought in foreign experts who tried to trace how the toxic antibiotic entered shrimp rearing and export-processing areas in Bangladesh," Syed Mahmudul Huq, chairman of Bangladesh Shrimp and Fish Foundation (BSFF), told bdnews24.com on Wednesday.

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FBCCI Asks Govt to Punish Rogue Traders PDF Print E-mail
Saturday, 12 September 2009

The Federation of Bangladesh Chambers of Commerce and Industry has urged the government to punish the rogue traders who pushed the sugar prices.

"On visiting markets, we have found prices of most commodities stable except for pulse and sugar," FBCCI vice-president Abul Kashem, who led a monitoring team, told bdnews24.com on Friday morning.

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Essential Prices Rising Despite Price Control Efforts: FBCCI PDF Print E-mail
Sunday, 06 September 2009

FBCCI president Annisul Huq has conceded that prices of some essential commodities have gone up despite the efforts by the government and business leaders to contain them.

"The reason behind the price hike should be investigated," he told reporters after visiting Karwan Bazar wholesale kitchen market on Saturday.

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Central ETPs Go Into Operation in DEPZ, CEPZ Next Year PDF Print E-mail
Friday, 04 September 2009

Two central effluent treatment plants (ETPs) are expected to go into operation next year in the export-processing zones in Dhaka and Chittagong to better manage toxic waste water, officials have said.

Factories in the EPZs will get the facilities to share the centrally installed ETPs for treating waste water before discharge.

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Blistering Report Faults SEC For Madoff Misses PDF Print E-mail
Thursday, 03 September 2009

US securities regulators missed "numerous" red flags that may have led to Bernard Madoff's $65 billion Ponzi scheme and never did a "thorough and competent" probe despite complaints dating to 1992, a federal watchdog has concluded.

The US Securities and Exchange Commission's inspector general said in a blistering report that despite five probes and having caught Madoff in "lies and misrepresentations," the SEC failed to follow up on inconsistencies.

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Import, Export Divisions at Ctg Customs House to be Reunified PDF Print E-mail
Monday, 31 August 2009

The import and export divisions of Chittagong Customs House are set to be reunified after two years.

The National Board of Revenue has begun work to bring the two divisions of the country's biggest revenue collector under import division. After the merger, all import and export activities will be handled by the import commissioner alone.

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Bangladesh City Plans to Switch T20 League to Sharjah PDF Print E-mail
Monday, 31 August 2009

A Bangladesh franchise Twenty20 league plans to shift next year's edition to Sharjah as venues in the country would be under renovation for the 2011 World Cup, officials said Monday.

The Chittagong Divisional Sports Association, based in the country's second biggest city, attracted huge sponsorship support after launching the event last year on the lines of the lucrative Indian Premier League (IPL).

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GP Launches Own Handset PDF Print E-mail
Monday, 31 August 2009

Grameenphone on Monday introduced a handset branded GP, the first time any operator in Bangladesh has brought its own handset to the market.

"The Grameenphone V100 handset, to be available in the market from Sep 1, gives a lot of features in an affordable price," Oddvar Hesjedal, CEO of the country's largest mobile-phone operator, said at the lunch at Dhaka Sheraton Hotel.

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Trade revives as Palestinian cities reconnect PDF Print E-mail
Friday, 28 August 2009

Businesses in normal countries take getting around for granted. They can distribute, export and attract workers and customers from wide areas.

In the Israeli-occupied West Bank, access to more than half of the land is restricted. Israel has ultimate control of roads, energy, water, telecommunications and air space.

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Stocks Edge Down Again PDF Print E-mail
Thursday, 27 August 2009

Dhaka stocks edged down again on Wednesday, with almost 60 percent of scrips declining on previous day's close, as investors sought to shield themselves from heightened market volatility experienced over the last few sessions.

"Index movements have been fluctuating, which is making many investors apprehensive," Bashir Ahmed, a brokerage firm investment consultant, told bdnews24.com.

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