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Hasina for regaining glory in shipping business
October 12, 2000
Dhaka-- (Bangla2000 news-desk) – Prime Minister Sheikh Hasina has emphasized sincere efforts of all to regain the country’s lost glory in international shipping business.
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‘International financiers make absurd arguments’
October 12, 2000
Dhaka-- (UNB)- Implementation rate of the revised Annual Development Programme (ADP) of 1999-2000 was 94 per cent although total expenditure was slightly less than the original allocation.
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Dutchland-ILO to eliminate Bangladesh child labor
October 12, 2000
Dhaka-- (UNB) – The International Labour Organization (ILO) and Netherlands Government have signed a 4.8 million US $ agreement to help Bangladesh in its efforts to eliminate hazardous child labor in the urban informal sector.
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Tullow, Texaco & Chevron to finalize deal today
October 12, 2000
Dhaka-- (UNB)- A production-sharing contract (PSC) for exploring gas in the much-debated hydrocarbon Block 9 is likely to be signed today (Thursday).
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London Sonali Bank to reopen after a year
October 12, 2000
London-- (UNB) – Steps are being taken to reopen the Sonali Bank branch in London, which remained closed for more than a year now.
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Index at Dhaka Stock Exchange posted a gain
October 12, 2000
Dhaka-- (UNB) – The main index at Dhaka Stock Exchange posted a gain of 2.20 points yesterday (Wednesday) as the gainers outnumbered the losers.
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CSE marked a slight rise
October 12, 2000
Chittagong-- (UNB) – Although the turnover both in terms of value and volume decreased, the price index at Chittagong Stock Exchange marked a slight rise yesterday (Wednesday).
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Court orders not to hold FBCCI polls tomorrow
October 11, 2000
Dhaka-- (UNB) – The High Court yesterday stayed election to the Federation of Bangladesh Chambers of Commerce and Industry
(FBCCI) scheduled for October 12.
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ECNEC approved six development projects
October 11, 2000
Dhaka-- (UNB) – The Executive Committee of National Economic Council yesterday approved six development projects involving over Tk 845.28
crore, including Tk 60-crore in project aid.
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‘They are hard working, they know how to do the job’
October 11, 2000
Dhaka-- (UNB) – Foreign entrepreneurs of a USD 47.5-million cement project yesterday alleged that they didn’t get the much-publicized investment incentives in importing plant and machinery for their project due to bureaucratic bottlenecks.
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State-owned GEM Plant in perils
October 11, 2000
Chitagong-- (UNB) – Despite having all potentials to grow as a vibrant electrical equipment manufacturing company, the state-owned GEM Plant in the port city of Chittagong is hurtling towards collapse due to staggering losses.
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DSE All Share Price Index shed by 1.01 points
October 11, 2000
Dhaka-- (UNB) – The price index at the Dhaka Stock Exchange marked fall yesterday (Tuesday) with the losers outnumbering the gainers.
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Two-day French trade show begins here Friday
October 10, 2000
Dhaka, -- (UNB) – A two-day French trade show begins here Friday aiming to boost Dhaka-Paris cooperation in trade and investment.
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Prospect to establish Quadrilateral business link
October 10, 2000
Rangpur, -- (UNB) – There is a bright prospect to establish direct business link between Bangladesh, India, Nepal and Bhutan with setting up of a land port at Sonahat border in Kurigram district.
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Bangladesh-China trade relations is in a new height
October 10, 2000
Dhaka, -- (UNB) – Urging China to invest with hundred percent equity, Industries Minister Tofail Ahmed has said trade and investment relations between Bangladesh and China have reached a new height with a number of joint-venture projects going to be implemented in Bangladesh.
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Conference on Productivity Improvement began yesterday
October 10, 2000
Dhaka, -- (UNB) – A three-day regional conference titled ‘Productivity Improvement, Competitiveness and Quality Jobs’ began at a city hotel yesterday.
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Procurement of gantry cranes for Chittagong Port underway
October 10, 2000
Dhaka, -- (UNB) – A process to procure four quay gantry and one yard gantry cranes for Chittagong Port is underway.
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Dhaka Stock Exchange closed higher
October 10, 2000
Dhaka, -- (UNB) – Trading at Dhaka Stock Exchange closed higher yesterday (Monday) with the gainers marginally outnumbering the losers.
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Gainers outnumbered the losers at CSE
October 10, 2000
Chittagong, -- (UNB) – Despite the gainers outnumbered the losers, the main index at the Chittagong Stock Exchange marked a slight fall yesterday (Monday).
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Demise of a renowned fashion designer
October 10, 2000
Dhaka, -- (UNB) – Farida Rahman, a renowned fashion designer and the owner of Fairy’s Garments, died of brain hemorrhage at BIRDEM Hospital here Sunday. She was 55.
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Bangladesh following prudent macro-economic policy
October 9, 2000
Dhaka (UNB) – United States will provide technical assistance to Bangladesh for Compressed Natural Gas
(CNG) to be used in vehicles to prevent air pollution.
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Appeal to donors, multilateral agencies and UN bodies
October 9, 2000
Dhaka (UNB) – ADAB yesterday formally appealed to various donors, bilateral and multilateral agencies and relevant UN bodies in Dhaka for emergency relief and long-term economic rehabilitation for the flood victims of southwestern parts of the country.
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Installation of digital telephone exchanges to be financed by China
October 9, 2000
Dhaka (UNB) – Constituencies of all the members of parliamentary standing committee on Post and Telecommunications Ministry will be brought under digital telephone network by December.
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Commerce Ministry’s parliamentary committee Chairman hosts reception
October 9, 2000
Dhaka (UNB) – Chairman of the parliamentary standing committee on Commerce Ministry Raziuddin Ahmed MP tonight (Sunday) hosted a reception in honor of Baroness
Uddin, member of the House of Lords.
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Hasina opts for environment-friendly Jute in world market
October 8, 2000
Dhaka (UNB) - Prime Minister Sheikh Hasina yesterday urged the member states of the International Jute Organization (IJO) to continue their support to this Dhaka-based organization to promote jute and jute goods and help compete with synthetics in the international market.
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ICC Asia conference in Bangladesh next month
October 8, 2000
Dhaka (UNB)- The ICC Asia Conference will be held next month, for the first time in Dhaka, with the theme --Investment in Developing Countries: Increasing Opportunities.
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President of Unocal visited flood-affected areas
October 8, 2000
Dhaka (UNB) – Terry Budden, president of Unocal, yesterday (Saturday) visited the flood-affected areas in Jessore district and distributed relief materials among the victims.
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Dhaka Stock Exchange closed higher
October 8, 2000
Dhaka (UNB) – Trading at the Dhaka Stock Exchange closed higher yesterday (Saturday) with gainers outnumbering the losers.
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Index rose by 12.25 points at CSE
October 8, 2000
Chittagong (UNB) – The main index at the Chittagong Stock Exchange closed higher yesterday (Saturday) with the gainers outnumbering the losers.
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Congressional negotiators approve Cuba food trade
October 8, 2000
WASHINGTON, OCT 6 (UNB/AP) - Congressional negotiators have agreed to allow
sales of food to Cuba in what would be a significant crack in the
embargo imposed on Fidel Castro's government four decades ago.
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ASEAN rejects idea of free trade with Australia, New Zealand
October 8, 2000
CHIANG MAI, Thailand, OCT 6 (UNB/AP) - The Association of Southeast Asian
Nations on Friday rejected a proposal for establishing a dlrs 1
trillion free trade zone with Australia and New Zealand.
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EU could start dismantling sanctions on Yugoslavia next week
October 8, 2000
BRUSSELS, OCT 6 (UNB/AP) - The European Union could start
dismantling its sanctions against Yugoslavia next week if the
Serbian opposition manages to consolidate the success of its
uprising against President Slobodan Milosevic, EU officials said
Friday.
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Congressional negotiators approve Cuba food trade
October 7, 2000
WASHINGTON, OCT 6 (UNB/AP) - Congressional negotiators have agreed to allow
sales of food to Cuba in what would be a significant crack in the
embargo imposed on Fidel Castro's government four decades ago.
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ASEAN rejects idea of free trade with Australia, New Zealand
October 7, 2000
CHIANG MAI, Thailand, OCT 6 (UNB/AP) - The Association of Southeast Asian
Nations on Friday rejected a proposal for establishing a dlrs 1
trillion free trade zone with Australia and New Zealand.
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EU could start dismantling sanctions on Yugoslavia next week
October 7, 2000
BRUSSELS, OCT 6 (UNB/AP) - The European Union could start
dismantling its sanctions against Yugoslavia next week if the
Serbian opposition manages to consolidate the success of its
uprising against President Slobodan Milosevic, EU officials said
Friday.
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Bangladesh’s 1st diesel plant converted into gas
October 6, 2000
Dhaka (UNB) – The 110-megawatt Haripur Barge-mounted Power Plant started generating electricity using natural gas from Tuesday evening.
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DANIDA delegates meet Finance Minister
October 6, 2000
Dhaka (UNB)- The visiting Board of Danish Development Assistance (DANIDA) led by its chairman Holger Bernt Hansen yesterday met with Finance Minister SAMS Kibria at his office.
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UNCTAD did not project the real scenario: BOI
October 6, 2000
Dhaka (UNB) – Board of Investment (BOI) has claimed the World Investment Report of the UNCTAD did not project the actual investment scenario of the country.
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FBCCI delegates called on Foreign Minister
October 6, 2000
Dhaka (UNB) – A 10-member delegation of Federation of Bangladesh Chambers of Commerce and Industry called on Foreign Minister Abdus Samad Azad here yesterday.
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Oil pilferage from pipeline and ships of Petrobangla
October 6, 2000
Narsingdi (UNB) – When the government struggles to cushion the effects of high oil prices in the international market, a huge quantity of crude oil is being pilfered from Bianibazar-Ashuganj pipeline and the ships of
Petrobangla.
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Industries Minister urges BSTI to maintain international level
October 6, 2000
Dhaka (UNB) – Industries Minister Tofail Ahmed urged the Bangladesh Standards and Testing Institute
(BSTI) to ensure the standard of industrial and manufacturing goods of the international level.
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India to export levy-free rice to Bangladesh
October 6, 2000
New Delhi (UNB) - Indian state of Uttar Pradesh will free from levy all varieties of rice to export mainly to Bangladesh and Nepal for the next five years.
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DANIDA delegation meets Local Government Minister
October 6, 2000
Dhaka (UNB) – The visiting 14-member high-powered delegation of Denmark International Development Agency
(DANIDA) called on Local Government Minister Zillur Rahman at the ministry’s conference room yesterday.
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Chinese company wants to build urea fertilizer factory
October 5, 2000
Dhaka (UNB) – In keeping with government’s quest for self-sufficiency in fertilizers, a Chinese company yesterday submitted a feasibility study report to the government for building a urea fertilizer factory in Sirajganj.
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US entrepreneurs eager to invest in Bangladesh
October 5, 2000
Dhaka (UNB) – United States is interested to extend its assistance for the development of Bangladesh’s energy sector.
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Bangladesh is anxious for duty-free access to US
October 5, 2000
Dhaka (UNB) – Industries Minister Tofail Ahmed has said Bangladesh is anxiously waiting for a declaration by the US government for duty-free access of Bangladesh goods to USA.
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Finance Minister back from World Bank-IMF meet
October 5, 2000
Dhaka (UNB) – Finance Minister Shah AMS Kibria returned home yesterday (Wednesday) after attending 55th annual meeting of the World Bank-IMF, in Prague, capital of the Czech Republic.
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Audit reports 1996-1997 submitted to President
October 5, 2000
Dhaka (UNB) - Comptroller and Auditor General Syed Yusuf Hossain yesterday submitted audit reports from 1996 to 1997 to President Justice Shahabuddin Ahmed at Bangabhaban.
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BFFEA got complaints neither from government nor buyers
October 5, 2000
Dhaka (UNB) – Brushing aside the allegations of pushing nails or injecting liquid into exportable shrimps, frozen food exporters yesterday said they received any written complaint neither from the government nor from any buyer.
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Commonwealth of Independent States active at tea-market
October 5, 2000
Chittagong (UNB) – The weekly tea sale witnessed the market easier this week due to less demand from all quarters here Tuesday.
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Bank-Holidays on the occasion of Durga Puja
October 5, 2000
Dhaka (UNB) – Bangladesh Bank and all scheduled banks will remain closed on Sunday on the occasion of Durga Puja.
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FBCCI delegation called on Commerce Minister
October 4, 2000
Dhaka (UNB) – Commerce Minister Abdul Jalil yesterday said the present election system of the FBCCI must go to allow representation from all sectors in the country’s apex trade body.
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ADB to fund development works in CHT
October 4, 2000
Dhaka (UNB) – Asian Development Bank (ADB) has concluded negotiations with Bangladesh on a US$60.3 million loan for funding development works in the Chittagong Hill Tracts.
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FDI inflow to Bangladesh dropped by over 50 per cent
October 4, 2000
Dhaka (UNB) – Foreign Direct Investment (FDI) inflow to Bangladesh dropped by over 50 per cent to USD 150 million in 1999 from the level of USD 308 million in the previous year.
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“There is no alternative of economic solvency”: Jalil
October 4, 2000
Dhaka (UNB) – Commerce Minister Abdul Jalil yesterday underscored the need for mobilizing internal savings as a means of the country’s financial solvency.
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Loan Exemption for Bangladesh Textile Mills Corporation
October 4, 2000
Dhaka (UNB) – Bangladesh Textile Mills Corporation was yesterday relieved of about Tk 260-crore debt hangover against its 10 units privatised way back in 1982-83.
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New organogram to restructure Board of Investment
October 3, 2000
Dhaka (UNB) – The government has approved a new organogram for restructuring the Board of Investment after 12 years of its formation, demanding which employees stopped activities for few days last December.
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New US Ambassador meets Commerce Minister
October 3, 2000
Dhaka (UNB) – The new US Ambassador to Bangladesh yesterday said Prime Minister Sheikh Hasina’s upcoming visit to the United States would strengthen the Washington-Dhaka ties currently developed multi-dimensionally, beyond assistance.
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14-member DANIDA delegation arrives here today
October 3, 2000
Patuakhali (UNB) – A 14-member DANIDA delegation, led by its Chairman Holger Bernt Hansen, arrives here today (Tuesday) to see the projects being implemented with financial assistance from the donor agency.
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Government to import synthesized fertilizer
October 2, 2000
Dhaka (UNB) – The government is importing 15,000 tons of synthesized Nitrogen-Phosphorus-Potassium-Sulphur fertilizer with a view to popularise the use of composite fertilizer in the country.
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Government to protect Consumer Rights
October 2, 2000
Dhaka (UNB)- Flagrant violation of consumer rights prompted government move towards enacting new laws and monitoring their enforcement to protect public heath and export trade as well.
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Bangladesh must have goal for accelerating economy
October 2, 2000
Dhaka (UNB) – The US is keen to provide its energy expertise to Bangladesh in making informed decisions about the best paths to pursue energy and power development, an American high official said here yesterday.
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Frozen-foods exporters say shrimp quality is good
October 2, 2000
Dhaka (UNB)- Bangladesh Frozen Foods Exporters Association (BFFEA) has strongly protested a report published in a section of national and regional dailies about the quality of its shrimp and termed it false and misleading.
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Seminar on defaulted bank loans on Wednesday
October 2, 2000
Dhaka (UNB) – A national Seminar on “Enforcement Status of Laws Relating to Defaulted Bank Loans” will be held in the city on Wednesday.
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We may get duty-free access to US market: Jalil
October 1, 2000
Dhaka (UNB) – Commerce Minister Abdul Jalil yesterday said Bangladesh is likely to get duty-free access to the US market as the government took the issue seriously.
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Investment-savings gap may reduce through FDI
October 1, 2000
Dhaka (UNB) – Speakers at a seminar yesterday (Saturday) suggested appropriate policy and removal of corruption and infrastructural problems to attract more investment in the country.
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Our missions must play role in increasing exports
October 1, 2000
Dhaka (UNB) - Finance Minister Shah AMS Kibria has asked the officials of Bangladesh missions abroad to play a catalytic role in accelerating the flow of development assistance and increasing exports and foreign investment in the country.
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“Private enterprises of world are driven by greed”
October 1, 2000
Dhaka,--- – A junior minister yesterday said reforms in power sector emphasising by development partners during the last two decades were limited to the institutional issues ignoring exploration from available resources.
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Hasina’s relief & loan plan for flood victims
October 1, 2000
Meherpur (UNB) – Prime Minister Sheikh Hasina said the flood-stricken people would be fed until next crops and exempted from paying agricultural loans for one year under a relief and rehabilitation plan she announced Friday.
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Euro suffers another blow
September 30, 2000
COPENHAGEN, SEPT 29 (AP) - The European Union's common currency
suffered another blow after voters refused in a referendum to swap
their nation's 125-year-old krone for the euro.
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"Denmark's euro rejection won't affect Britain"
September 30, 2000
LONDON, SEPT 29 (AP) - Denmark's rejection of the European single currency
won't affect Britain's own decision on joining the euro, the
government said Thursday.
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Germany regrets Danish euro refusal
September 30, 2000
BERLIN, SEPT 29 (AP) - Germany expressed regret at Danish voters' decision
Thursday not to join the European single currency, but said its
confidence in the euro remains strong. The European Central Bank
said the outcome won't affect its cooperation with the Danish
central bank.
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Globalization protesters' irony
September 30, 2000
PRAGUE, Czech Republic, SEPT 29 (AP) - As protesters try to kill off the
IMF and World Bank - potent symbols of economic globalization - they
often find themselves relying on the tools of the very forces they
are fighting.
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Debt-relief not needed for non-defaulter Bangladesh
September 29, 2000
Dhaka (UNB) - Being a “good borrower” and non-defaulter, Bangladesh didn’t apply for the ongoing HIPC initiative of the World Bank-IMF for debt relief.
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Expatriates’ contribution to national exchequer
September 29, 2000
Dhaka,- The country has earned Tk 72734.85 crore through employment of 30,11,890 workers abroad since 1976 to June this year.
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International Japan Bank in Bangladesh
September 29, 2000
Dhaka, Sept 28 (UNB) – A mission of Japan Bank for International Cooperation (JBIC) in now in Bangladesh for a weeklong survey on the economic situation of Bangladesh.
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International tender to introduce GSM Mobile phone
September 29, 2000
Dhaka (UNB) – International tender would be floated soon for introducing GSM Mobile phone under the T&T Board, Home and Telecommunications Minister Mohammad Nasim said yesterday.
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German help for tourism industry of Bangladesh
September 29, 2000
Dhaka (UNB) – Germany has assured of fullest cooperation in the development of tourism industry in Bangladesh.
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Carew Company earned profit of over Tk 3.83 crore
September 29, 2000
Dhaka (UNB) – The distillery unit of Carew and Company (BD) Limited earned a profit of over Tk 3.83 crore in 1999-2000 fiscal.
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Chittagong Stock Exchange marked a rise
September 29, 2000
Chittagong (UNB) – The main index at Chittagong Stock Exchange marked a rise yesterday (Thursday) with the gainers outnumbering the losers.
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Saudi Arabia-Indonesia to jointly invest in EPZ
September 28, 2000
Dhaka (UNB) - Saudi Arabia and Indonesia will jointly invest 2.56 million US dollars in the Comilla Export Processing Zone through Sabinco, a 100 percent foreign-owned venture.
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Bangladesh-Bhutan to sign free-trade agreement
September 28, 2000
Thimphu (UNB) - Trading partners from Bangladesh and Bhutan recommended signing of free- trade agreement to boost the volume of trade between the two neighbouring countries.
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India to provide Bangladesh with credit of Rs 200 crore
September 28, 2000
Dhaka (UNB) - India government is likely to provide Bangladesh a credit of Rs 200 crore in addition to Rs 200 crore given earlier.
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ODA transfer declining over time: Finance Minister
September 28, 2000
Dhaka (UNB) - Bangladesh raised voice before the donors against decline in ODA transfer, constrained market access for the developing countries and unmatched production factors.
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Price situation satisfactory: Commerce Ministry
September 28, 2000
Dhaka (UNB) - A meeting at the Commerce Ministry yesterday found "satisfactory" the price and supply situation of essential commodities, except imported items, said an official handout.
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Market access should be main agenda of PM’s US visit
September 27, 2000
Dhaka (UNB) – Amid some contentions over bilateral trade relations, top business leaders yesterday urged the Prime Minister to consider market access as main agenda of her forthcoming US visit.
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Bangladesh to receive 10 million US dollars
September 27, 2000
Dhaka (UNB) – Bangladesh will receive 10 million US dollars equivalent to about Tk 55 crore from the United States for an agro-based industries development project.
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Bangladesh to receive 4.6m DM for seed project
September 27, 2000
Dhaka (UNB) – Bangladesh will receive 4.6 million Deutsche Mark equivalent to around Tk 11.4 crore from Germany for the extension of the Seed Development Project.
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Denmark assures Bangladesh of continued assistance
September 27, 2000
Dhaka (UNB) – Denmark has assured Bangladesh of continued assistance in the country’s agricultural development.
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New Sri-Lankan-Bangladesh insurance company launched
September 27, 2000
Dhaka (UNB) – Agrani Insurance Company Limited was formally launched here yesterday.
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Decision to withdraw restrictions on garment factories
September 26, 2000
Dhaka, Sept 25 (UNB) – Sonali Bank today decided to withdraw restrictions on opening back-to-back LCs facilitating 27 garment factories to execute export order directly.
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Chavez pursues goals at OPEC summit
September 26, 2000
CARACAS, Venezuela (AP) — In playing host to the first OPEC summit in 25 years, President Hugo Chavez is pursuing goals closest to his heart: staking out a more active role for Venezuela within the oil cartel and attacking inequities between the Third World and industrialized nations.
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BSF and Caritas to take part in silk development project
September 26, 2000
Dhaka, Sept 25 (UNB) – Bangladesh Silk Foundation (BSF) and Caritas today signed a Memorandum of Understanding to take part in silk development project.
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Gainers outnumbering the losers at DSE
September 26, 2000
Dhaka, Sept 25 (UNB) – After experiencing a downtrend for the last two days, trading at Dhaka Stock Exchange closed higher today with gainers outnumbering the losers.
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Rise in price index of CSE
September 26, 2000
Chittagong, Sept 25 (UNB) – The main index at Chittagong Stock Exchange posted a gain of 13.01 points as the gainers dominated the losers.
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More trains in private sector
September 26, 2000
Nilphamari, Sept 25 (UNB) – Bangladesh Railway West Zone finalized the process of handing over 12 more trains in private sector.
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Asia Business Briefs
September 26, 2000
TOKYO, SEPT 25 (UNB/AP) - Japan's domestic production of passenger cars,
trucks and buses rose 7.1 percent in August from the same month last
year amid continued demand on the global market, an industry
association said Monday.
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ADB is toughening lending to government
September 25, 2000
Dhaka (UNB)- The Asian Development Bank is toughening lending to government for lack of efficient utilization and giving more focus on nursing up a dynamic private sector that is crucial to rapid economic growth.
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Parliamentary probe unearthed fraud in rice import
September 25, 2000
Dhaka (UNB) – A parliamentary probe unearthed a fraud in rice import and fiction about the missing of a ship carrying the consignment.
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Dhaka Stock Exchange experienced further fall
September 25, 2000
Dhaka (UNB) – Dhaka Stock Exchange experienced a further fall in its benchmark yesterday as the losers strongly outnumbered the gainers.
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CSE All Share Price Index shed 12.24 points
September 25, 2000
Chittagong (UNB) – The price index at Chittagong Stock Exchange closed further lower yesterday as the losers sharply dominated the gainers.
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Oil conflict puts stress on OPEC
September 25, 2000
CARACAS, Venezuela (AP) — ``Venezuela Promotes Global Harmony,'' trumpets the two-story banner draped in front of the Caracas theater where OPEC leaders are holding their first summit in 25 years this week.
But the police and bomb-sniffing dogs in the banner's shadow and the global clamor over oil prices suggest otherwise.
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Gas prices remain steady, high
September 25, 2000
CAMARILLO, Calif. (AP) — Gasoline prices remained steady over the past two weeks, with no immediate impact from President Clinton's decision to tap 30 million barrels of oil from emergency stockpiles, an analyst said Sunday.
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