Business Report : The World Bank Vice President for the South Asia Region Martin Raiser arrived in Dhaka on Wednesday for a two-day visit. During his stay, Raiser is scheduled to meet with Chief Adviser Prof Muhammad Yunus, Finance Adviser Salehuddin Ahmed, Energy Adviser Muhammad Fouzul Kabir Khan, Bangladesh Bank Governor Ahsan H Mansur, and other senior government officials, according to a statement. The visit comes at a time when the interim government, sworn in last month after the ousting...
Business Report : Berger Paints Bangladesh Limited has joined forces with France based company ABB Cellier for establishing world class automated production facility at its upcoming third factory in the Mirsharai Economic Zone. Berger Paints Bangladesh Limited (BPBL) began production in Bangladesh at its Kalurghat factory in Chittagong in 1970 and later expanded with another paint production plant in Savar in 1999. For the 3rd factory, beyond supplying key process equipment, ABB Cellier is acting as a process design consultant,...
Business Report : The American Apparel and Footwear Association (AAFA), the US national trade association representing apparel, footwear and other sewn products companies, and the Fair Labor association (FLA), a US non-profit organisation, have urged the interim government of Bangladesh to immediately release those arrested during the fall 2023 protests over minimum wage. They also called for the removal of all criminal charges against those arrested over minimum wage protests at the time. In a joint letter sent on Wednesday...
Business Report : The Bangladesh Financial Intelligence Unit (BFIU) has instructed banks in the country to freeze any accounts owned by Orion Group Chairman Obaidul Karim and its Managing Director Salman Obaidul Karim. Additionally, the bank accounts of Arzuda Karim and Zareen Karim, directors of Orion Group, as well as two other relatives tied to the conglomerate — Mehadi Hasan and Rezaul Karim — will also be frozen. The anti-money laundering agency recently sent a letter to the banks in...
Business Report : On the occasion of World Ozone Day 2024, IPDC Finance PLC is partnering with Truvalu Bangladesh to...
Business Report : bKash has brought convenience to customers by enabling them to pay microfinance loans and savings instalments anytime, anywhere. The fast, easy and safe payment option relieves customers from the hassle of visiting a branch, counter or meeting business hours. Now, over 2 million customers of the country’s top 32 NGOs get the opportunity to easily make instalment payments through bKash’s microfinance payment service. Moreover, customers can enjoy a cashback of Tk20 on their first instalment payment through...
WE strongly echo the bold statement of BNP acting chairman Tarique Rahman, who said, “We can’t allow the interim government to fail.” His words remind us of the voice of ‘Major Zia’ in the turbulent March of 1971, declaring, “I revolt,” in protest against the brutal attack by the Pakistani army on unarmed Bangladeshis. Likewise, we must remember the blood that stained the streets across the country in July this year, shed in the fight to end the inhumane autocratic...
Barrister Solaiman Tushar : The largest number of people killed since Bangladesh’s independence occurred during the July-August 2024 student-people protests....
AFP, Washington : The US Federal Reserve is all but certain to cut interest rates on Wednesday for the first...