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Hasina sanctions Tk 2,06 crore from Relief Fund
December 14, 2000
Dhaka-- (UNB) – Prime Minister Sheikh Hasina has sanctioned Tk 2,06 crore from her Relief and Welfare Fund for the country’s distressed people on the occasion of Eid-ul-Fitr.
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LC Margin Relaxed
December 14, 2000
Dhaka-- (UNB) – Following adverse reaction from the business circles,
Bangladesh Bank yesterday relaxed the import restriction of 30 percent LC
margins on industrial raw material, imposed only two days back.
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Future of our industries depends on global markets: UK White Paper
December 14, 2000
Dhaka-- (Bangla2000) – British High Commissioner David Carter yesterday said
if Bangladesh is to prosper in the 21st century exploiting its potential, it
needs to embrace the challenge of globalization.
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Bangladesh Shilpa Bank holds soul-searching review
December 14, 2000
Dhaka-- (UNB)- After a Jatiya Sangsad body suggested merger of two state-run handicapped industrial financing agencies, Bangladesh Shilpa Bank held a soul-searching review to find a way out of crisis.
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Outgoing Ambassador of Japan meets Finance Minister
December 14, 2000
Dhaka-- (UNB) – Outgoing Ambassador of Japan Kazuyoshi Urabe called on Finance
Minister Shah AMS Kibria at his office yesterday (Wednesday).
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Country's financial sector attains international standards by 2003
December 14, 2000
Dhaka-- (UNB) – If the current pace of reform and guidance from the government
continue, country’s financial sector will attain international standards by
year 2003, hopes the Finance Minister.
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DSE All Share Price Index gained 4.50 points
December 14, 2000
Dhaka-- (UNB)– Trading at Dhaka Stock Exchange finished higher yesterday
posting a gain of 4.50 points in its benchmark.
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CSE All Share Price Index gained 9.64 points
December 14, 2000
Chittagong-- (UNB) – The main index at Chittagong Stock Exchange marked a rise
yesterday as the gainers outnumbered the losers.
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Rate of LC margins for industrial goods import-30%
December 13, 2000
Dhaka-- (UNB) – As Bangladesh Bank slapped LC margins on imports to replete
the country’s depleted foreign exchange reserve, business leaders yesterday
demanded immediate withdrawal of the mandatory restriction to avert major
setbacks to the process of economic revival.
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BGMEA's strategies to face quota-free regime beyond 2004
December 13, 2000
Dhaka-- (UNB)- Textile associations will jointly prepare an action plan specifying long and short-term strategies to face the market challenge under quota-free regime beyond 2004.
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Pipeline to supply gas to capital Dhaka from Sylhet
December 13, 2000
Sylhet-- (UNB) – A 54-km underground pipeline is being laid to supply gas to
capital Dhaka from Sylhet.
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Urban consumers owe Tk 3000 crore as bills to PDB
December 13, 2000
Dhaka-- (UNB)- Rural consumers are prompt in paying for electricity, but they are the people mostly denied access to power as an estimated 83 per cent population of the country still cry for it.
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Crops worth Tk 574.76 crore damaged by flood
December 13, 2000
Dhaka-- (UNB)- A meeting of the Parliamentary Standing Committee on Agriculture Ministry yesterday reviewed post-flood agriculture rehabilitation process in the southwest districts of the country.
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Audit team from Japan soon to visit Bangladesh
December 13, 2000
Dhaka-- (UNB) – Finance Minister Shah AMS Kibria yesterday requested Japan
Bank for International Cooperation (JBIC) for expediting the completion of the
Loan Agreement of Japanese assisted projects.
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ADB & OPEC to assist for Dhaka-Khulna highway
December 13, 2000
Dhaka-- (UNB) – Five agreements were signed here yesterday (Tuesday) for
constructing a 162.33-kilometre road between the capital and the southwestern
region, including the divisional city of Khulna.
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Lorries assembled by army engineers inaugurated
December 13, 2000
Gazipur-- (UNB) – The first batch of military truck lorries dubbed `Arunima
Balian’ assembled by army engineers and technicians at the Bangladesh Machine
Tools Factory were inaugurated yesterday (Tuesaday).
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No production at Khulna Newsprint Mill for 4 days
December 13, 2000
Khulna-- (UNB) – Lack of running capital and raw materials have forced the
authorities of debt-ridden Khulna Newsprint Mill (KNM) to cease its production.
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Workers of Sem Garments Ltd begin sit in strike
December 13, 2000
Dhaka-- (UNB) – Hundreds of workers Sem Garments Ltd began a sit in strike
inside the factory in the capital yesterday (Tuesday) demanding payment of their
arrears.
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Weekly tea sale witnessed lower prices
December 13, 2000
Chittagong-- (UNB) – The weekly tea sale here yesterday (Tuesday) witnessed
mostly lower prices as export buyers, notably Pakistan and Afghanistan, were not
as active as the last.
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Market capitalization stood at Tk 56.52 billion in CSE
December 13, 2000
Chittagong-- (UNB) – Trading at Chittagong Stock Exchange finished higher
yesterday (Tuesday) posting 3.08 points rise in its benchmark.
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Bangladesh-West Bengal customs systems to be eased
December 12, 2000
Calcutta-- (UNB)- Bangladesh and West Bengal agreed to ease customs and immigration procedures on the land routes for smooth movement of travelers and goods between the two next-door neighbors.
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Mayor sense conspiracy with Pakistani intelligence
December 12, 2000
Chittagong-- (UNB) – Mayor ABM Mohiuddin Chowdhury has threatened to launch
street movement against the proposed private container terminal close to the
port saying, such terminal having no control of the government will be perilous
for the nation.
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Norway to cooperate in CHT praising peace accord
December 12, 2000
Dhaka-- (UNB) - Norway is willing to cooperate with Bangladesh in socioeconomic development of the Chittagong Hill Tracts.
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Committee on Finance review situation in banks
December 12, 2000
Dhaka-- (UNB)- The Parliamentary Standing Committee on Finance yesterday
reviewed prevailing situation in the country’s commercial and specialized
banks, particularly their liquidity position, credits and default loans.
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Army engineers assembling lorries at Tools Factory
December 12, 2000
Dhaka-- (UNB) – Army engineers have made truck lorries at the Bangladesh
Machine Tools Factory that has resumed production under military management.
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Dhaka Stock Exchange: Bullish
December 12, 2000
Dhaka-- (UNB) – The main index at Dhaka Stock Exchange marked a slight rise
yesterday as the gainers dominated the losers.
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Chittagong Stock Exchange: Bearish
December 12, 2000
Chittagong-- (UNB) – Even though the gainers dominated the losers, trading at
Chittagong Stock Exchange ended lower for the second straight day yesterday
(Monday).
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Total aid in last fiscal year was $1475m: Kibria
December 11, 2000
Dhaka-- (UNB)- Leakage through over-invoicing for import and under-invoicing for
export might have contributed to depletion of the country’s foreign exchange
reserve despite constant growth of exports, says the Finance Minister.
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Bank wants to start 18 years after approval in 1982
December 11, 2000
Dhaka-- (UNB)- A first-generation private bank seeks cooperation from the Finance Minister in obtaining letter of intent from Bangladesh Bank to commence operations long 18 years after it was approved in 1982.
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DG of Japan Bank For International Cooperation arrives
December 11, 2000
Dhaka-- (UNB) – Director General of Japan Bank For International Cooperation (JBIC)
Yuji Morimoto arrived here yesterday (Sunday) on a three-day visit to review
some JBIC-funded projects.
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3 companies to set up waste-based power plant
December 11, 2000
Dhaka-- (UNB) – In a novel venture ever in the country, three private
companies have jointly taken an ambitious plan for setting up a Tk 3096 crore
solid waste-based power plant in Dhaka.
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Garments owners asked to disburse Eid bonus among workers by Dec 20
December 11, 2000
Dhaka-- (UNB) - A parliamentary sub-committee on Labour and Employment Ministry in a meeting yesterday requested the garments owners to disburse Eid bonus among the workers by December 20.
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118th auction of treasury bills held
December 11, 2000
Dhaka-- (UNB) - The 118th auction of the 28-day, 91-day, 182-day, 364-day, 2-year and 5-year treasury bills were held here yesterday (Sunday).
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Banks to remain closed for 8 days between Dec 16 & 31
December 11, 2000
Dhaka-- (UNB) – Bangladesh Bank and all schedu led banks will remain closed
for 8 days between December 16 and 31.
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Switzerland for development of EPZs in Bangladesh
December 10, 2000
Bern (Switzerland)-- (UNB)– The official level talks between Bangladesh and
Switzerland on Friday focussed on the means of development of export processing
zones (EPZs) in Bangladesh and expansion of the export-led growths.
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Khaleda to discuss with business leaders after Eid
December 10, 2000
Dhaka-- (UNB)- Opposition leader Begum Khaleda Zia will sit with business leaders after Eid for open discussion on politics and economics.
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Work of MA Hannan International Airport completed
December 10, 2000
Chittagong-- (UNB) - Construction work of long-cherished MA Hannan International Airport here has been completed at a cost of Tk 541 crore.
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Chamber
of Commerce & Industry's ‘Presidential Award' distributed
December 10, 2000
Dhaka-- (UNB) – Dhaka Chamber of Commerce and Industry (DCCI) has awarded its
best officer, staff and associate employees the ‘Presidential Award-2000’
for their outstanding performances in the chamber activities during the year
2000.
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DSE All Share Price Index declined 0.23 points
December 10, 2000
Dhaka-- (UNB) – Price Index at Dhaka Stock Exchange marked a slight rise
yesterday with the losers outnumbering the gainers.
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CSE All Share Price Index gained 0.01 points
December 10, 2000
Chittagong-- (UNB) – Trading at Chittagong Stock Exchange finished slightly
higher yesterday (Thursday) although the losers outnumbered the gainers.
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U.N. and Iraq Agree on Oil Price
December 9, 2000
UNITED NATIONS (AP) — U.N. experts agreed Thursday to a proposal by Baghdad
for the price of its oil, ending a weeklong dispute and opening the way for the
resumption of Iraqi oil exports.
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Dow Ends Up 96; Nasdaq Gains 165
December 9, 2000
NEW YORK (AP) — Wall Street went on a buying spree Friday, encouraged by a
government employment report that could bolster the case for an interest rate
cut early next year. Investors were so optimistic they shrugged off an earnings
warning from Intel.
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BRAC, Grameen & NGOs depriving weavers of real wage
December 8, 2000
Dhaka--(UNB)- Representatives of the weavers associations have alleged that traders of weaving products are depriving them of genuine price and the consumers as well by selling at high price.
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Polymer bills of Tk-10 denomination to be issued
December 8, 2000
Dhaka--(UNB) – Bangladesh Bank will experimentally issue polymer notes of
Tk-10 denomination from the banking counter of its Motijheel office on December
14.
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FBCCI delegation leaves for Germany for a seminar at Hamburg
December 8, 2000
Dhaka--(UNB) – A FBCCI delegation led by its president Yussuf Abdullah Harun
left here for Germany early yesterday to attend a Business and Investment
Seminar at Hamburg.
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Task force in banks for realizing outstanding loans
December 8, 2000
Dhaka--(UNB)- A meeting of Parliamentary Standing Committee on Finance Ministry reviewed the banking sector scenario yesterday.
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MasterCard forms first ever cards industry forum
December 8, 2000
Dhaka--(UNB) – Member banks of MasterCard International in Bangladesh have
formed the country’s first ever cards industry forum – the Bangladesh
Cooperation Committee (BCC).
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Banks to remain open on Dec 30 despite long holiday
December 8, 2000
Dhaka--(UNB) – Bangladesh Bank and all scheduled banks will remain open on
December 30 (Saturday) despite the day being weekend holiday.
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Sheikh Hasina at prestigious Mercedes Benz plant
December 7, 2000
Stuttgart-- (Bangla2000) – Prime Minister Sheikh Hasina yesterday visited
Daimler-Chrysler car manufacturing company, which is now producing a new type of
two-seater smart car for city dwellers.
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Swedish grant for rural employment sector
December 7, 2000
Dhaka-- (UNB)- Bangladesh will receive an additional grant of Tk 2.50 from Sweden for its Rural Employment Sector Programme-3 in greater Faridpur region.
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Garment exporters decide to expedite safety measures
December 7, 2000
Dhaka, Dec 5 (UNB) – Readymade garment exporters in a meeting yesterday
decided to expedite safety measures for factory workers to avert recurrence of
tragic incidents like in Chowdhury Knitwear in Narsingdi that left 40 workers
dead.
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Bangladeshi nationals living abroad remit about Tk 6.20 crore
December 7, 2000
Dhaka-- (UNB) – Bangladeshi nationals living abroad remitted about Tk 6.20
crore during the month of November through 7260 foreign money orders, raising
the total remittances received during this fiscal to over Tk 28.30 crore,
according to a handout.
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Bara Pukuria Coal Mine expected to be ready by December 2001
December 7, 2000
Dinajpur-- (UNB) – Bara Pukuria Coal Mine is expected to be ready for
commercial extraction by December 2001.
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Establishment of divisional office of Board of Investment
December 7, 2000
Sylhet-- (UNB)- Entrepreneurs and businessmen of the district have welcomed the recent establishment of the divisional office of the Board of Investment here raising new hopes for increased investment and economic activity.
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Chittagong Stock Exchange: Bullish
December 7, 2000
Chittagong-- (UNB) – The main index at Chittagong Stock Exchange marked a rise
yesterday as the gainers strongly outnumbered the losers.
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Bangladesh delegation off to France for WTO conference
December 6, 2000
Dhaka-- (UNB) – A three-member Bangladesh delegation led by Agriculture
Minister Matia Chowdhury left here yesterday (Tuesday) on a 4-day official visit
to France.
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Parliamentary delegation on commerce leaves for Calcutta
December 6, 2000
Dhaka-- (UNB) – A six-member delegation of the parliamentary standing
committee on Commerce Ministry leaves here today (Wednesday) for Calcutta to
have firsthand experience of Indian tea industry and management.
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Investment, exports, imports on upturn during current fiscal
December 6, 2000
Dhaka-- (UNB) – Economic fundamentals peaked up in the current fiscal showing
an encouraging trend that prompts finance experts to hope for the expected
growth rate of 6 per cent.
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Tk 108.50 crore donations from Denmark
December 6, 2000
Dhaka-- (UNB) – Bangladesh will receive 160.82 million Danish Kroner
equivalent to approximately Tk 108.50 crore donations from Denmark under two
separate agreements.
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Euro Pulp Company may set up a joint-venture jute-pulp industry
December 6, 2000
Dhaka-- (UNB) – Government authorities are actively considering a proposal of
a Pakistan-based company for setting up a joint-venture jute-pulp industry in
the country using local raw jute.
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EC grant under Food Aid and Food Security Programme
December 6, 2000
Dhaka-- (UNB) - Bangladesh is to receive 30,000 metric tons of wheat and Tk 148.0 crore from the European Commission as grant under Food Aid and Food Security Programme.
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Parliamentary Committee suspends five baor managers
December 6, 2000
Dhaka-- (UNB) – The Parliamentary Standing Committee on Fisheries and
Livestock Ministry yesterday directed the authorities concerned to suspend five
baor managers in Jessore district and take steps for giving exemplary punishment
to them for their alleged irregularities in revenue collection.
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Blenders continue to lend good support at tea-auction
December 6, 2000
Chittagong-- (UNB) – Afghanistan and Pakistan buyers were less active this
week, which resulted in a lower market for most grades.
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Meghna Fertilizer Factory could not be implemented in 12 years
December 6, 2000
Noakhali-- (UNB) – The proposed Meghna Fertilizer Factory, an ambitious
project undertaken in 1988 raising hope among the farmers, could not be
implemented in 12 years.
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DSE: Market capitalization stood at Tk 58.88 billion
December 6, 2000
Dhaka-- (UNB) – The main index at Dhaka Stock Exchange marked a fall for the
third straight day yesterday with the losers outnumbering the gainers.
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CSE: Market capitalization stood at Tk 56.13 billion
December 6, 2000
Chittagong-- (UNB) – Trading at Chittagong Stock Exchange finished lower
yesterday (Tuesday) posting 8.55 points fall in its benchmark.
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Sheikh Hasina discusses with Italian President about trade
December 5, 2000
Rome--(UNB)- Prime Minister Sheikh Hasina sought support of the good offices of Italian President Carlo Azeglio Ciampi for quota-and tariff-free access of Bangladeshi goods to European market.
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No impact on budget if BDF meeting is not duly held in Paris
December 5, 2000
Dhaka--(UNB)- There will be no adverse impact on the national budget if the Bangladesh Development Forum (BDF) meeting in Paris is not duly held in April, Finance Minister Shah AMS Kibria said yesterday.
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Policy aiming to keep food-grain prices stable
December 5, 2000
Dhaka--(UNB) – Parliamentary Standing Committee on Food Ministry yesterday
announced the government’s internal foodgrain procurement policy for
2000-2001.
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Indefinite strike at second sea-port
December 5, 2000
Bagerhat--(UNB) – Workers of Mongla Port yesterday enforced an indefinite
hartal in the port area to realise their one-point demand.
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French investors show interest to invest more in Bangladesh
December 4, 2000
Dhaka--(UNB) – Being informed about the incentives, French investors showed
interest to invest more in Bangladesh for enjoying better scope and facilities
on offer.
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Compensation providing insurance for victims at garment arsons
December 4, 2000
Dhaka--(UNB)- Parliamentary Standing Committee on Commerce yesterday recommended a compensation package providing minimum Tk 100,000 and insurance facilities for each of the victims of fire in garment factories and other accidents at workplaces.
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Delay in implementation of tea rehabilitation project
December 4, 2000
Sylhet--(UNB)- Tea industry of the country has failed to achieve the desired level of development due mainly to delay in implementation of the tea rehabilitation project.
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First EPZ in northern region to be inaugurated this month
December 3, 2000
Pabna--(UNB) - Ishwardi Export Processing Zone, first of its kind in the northern region, is expected to be inaugurated someday this month.
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Britain to cancel debt of 41 Least Developed Countries
December 3, 2000
LONDON--(UNB/AP) - Britain announced Saturday that it would forgive
more than 1 billion pounds (dlrs 1.43 billion) in debt from 41 of
the world's poorest countries - provided they can ensure the money
goes toward health care, education and alleviating poverty.
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CSE All Share Price Index shed 0.54 points
December 3, 2000
Chittagong--(UNB) – The main index at Chittagong Stock Exchange marked fall
yesterday (Saturday) as the losers outnumbering the gainers.
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Iraq Suspends Oil Exports
December 2, 2000
LONDON (AP) - Iraq cut off its shipments of crude oil Friday in a fresh test of U.N. trade sanctions after the world body failed to authorize a new payment arrangement for Iraqi exports.
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Coca-Cola Strikes Advertising Deal
December 2, 2000
NEW YORK (AP) - Coca-Cola Co. said Friday that it has hired the Interpublic Group of Companies Inc. to advise it on how to market its flagship soft drink more consistently around the world.
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Plan to make requisite amendments to factory laws
December 1, 2000
Dhaka-- (UNB)- A five-member parliamentary subcommittee has been formed to recommend requisite amendments updating factory laws with stronger provision to check frequent fires in workplaces.
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World Vision's allocation to fight AIDS in Afro-Asian countries
December 1, 2000
Dhaka-- (UNB) – World Vision, an International Christian Human and Development
organization, has allocated US dollar 30 million equivalents to Tk 160 crore to
fight AIDS in Afro-Asian countries including Bangladesh.
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Committee discusses about impediments to ADP implementation
December 1, 2000
Dhaka-- (UNB) - A meeting of Parliamentary Standing Committee on Planning Ministry yesterday discussed measures to remove impediments to ADP implementation.
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I
don’t need to learn the protocol from anybody: Saifur
December 1, 2000
Dhaka-- (Bangla2000)- Former finance minister M Saifur Rahman yesterday said if the meeting of Bangladesh Development Forum does not take place in April, it may be due to lack of confidence of development partners in the present government.
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