UNB : BNP senior leader Gayeshwar Chandra Roy on Tuesday said the first phase of upazila elections has outshined the 12th parliamentary election in terms of the presence of voters. Speaking at a memorial meeting, he also compared the current government to “a potted flower plant”, accusing it of being guided by foreign influence in governing Bangladesh. “Why are the polling centres now empty when you’re conducting elections?…the upazila elections outshined the election held on January 7. Why aren’t voters...
Day: May 15, 2024
Business Report : Bangladeshi apparel exporters have to pay up to six times higher than the official fees for securing essential permits and renewal of licences, which also increases their business costs, according to a new study by the Center for Policy Dialogue (CPD). The study found that apparel exporters paid 644% higher than the official rate for boiler licences. For bond licences, they paid 261% higher than the official rate, and as for fire licences, the cost stands at...
Business Report : M Shamsul Arefin has recently joined as the managing director and CEO of NCC Bank PLC. Earlier, he served in the same bank holding the position of additional managing director, deputy managing director and senior executive vice president and discharged his duties as the CAMLCO, the chief risk officer, the head of credit risk management and the head of corporate business. He also played a leadership role to lead results-driven teams of different business segments as well...
Business Report : BRAC Bank signed an agreement with British International Investment (BII), a development finance institution (DFI) and impact investor of the United Kingdom, under which the latter will provide a loan of $50 million to the former. A signing ceremony was held at the bank’s head office in Dhaka on May 13, BRAC Bank said in a press release. By taking this loan, BRAC Bank will support 3,500 micro, small and medium enterprises (MSMEs) and women-led businesses in...
City Desk : Environment, Forest, and Climate Change Minister Saber Hossain Chowdhury on Tuesday said Bangladesh’s annual funding requirement is of $9 billion for climate change initiatives, with the government presently allocating $3 billion, resulting in a substantial shortfall of $6 billion. Stressing the pivotal role of assistance from institutions like the ADB and World Bank, he highlighted the necessity for both multilateral and bilateral cooperation, noting Bangladesh’s efficient utilization of available funds to address national needs, reports BSS. The...
Staff Reporter : In a resolute statement amidst the backdrop of a senior US diplomat’s visit to the city, Bangladesh’s Road Transport and Bridges Minister, Obaidul Quader, boldly declared the government’s indifference towards potential sanctions or visa policies imposed by foreign nations. Speaking at a press conference held at the secretariat on Tuesday, Quader, who also holds the position of Awami League general secretary, downplayed the significance of the US Assistant State Secretary’s visit, questioning the attention it garnered. “I...
Staff Reporter : The United States Assistant Secretary of State for South and Central Asian Affairs Bureau, Donald Lu, arrived...
Business Report : Stocks slipped into the red on Tuesday as risk-averse investors were mostly in selling mode amid the prevailing volatility in the market. The DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down 81 points to settle at 5,585. This is the biggest fall in the last one month since 15th April 2024. On Tuesday, the DSEX fell 1.43 per cent. Before this, the premier bourse fell by 1.45 per cent on 15th April 2024....
Staff Reporter : In celebration of the 134th Birth Anniversary of President Ho Chi Minh, a seminar was convened at Shanbandha, Maninkonj, focusing on “Father of the Nation of Vietnam Ho Chi Minh’s thoughts on farmers and the promotion of farmers to farmers Relations Between Bangladesh and Vietnam.” Presided over by Dr. M Jahangir Khan, President of the Bangladesh group for the study of Comrade Ho Chi Minh’s works, and featuring Dr. Mohammad Shamsher Ali, Former Director General of Bangladesh...
