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Category Archives: From other media

Bribe-land registered in PM’s name

In 2011, local Awami League leaders and the governing body of a school in Rajshahi’s Bagmara took one decimal land from a woman as a bribe for appointing her as an assistant teacher, reports Dhaka Tribune. The land was later registered in the prime minister’s name without taking permission from the Prime Minister’s Office – an act considered an offence ... Read More »

Foreign employees in mobile comanies:No response from operators

The Board of Investment found that some of the senior executives at different mobile phone operators were working in the country with tourist visas Muhammad Zahidul Islam The country’s mobile phone operators have yet to respond to a written query from the Ministry of Post, Telecommunication and Information Technology regarding their foreign employees. Recently, the Board of Investment found that ... Read More »

Economy shows signs of recovery

Business activities pick up, but fresh investments are not coming to manufacturing sector due to uncertainty Sajjadur Rahman, The Dailty Star Manufacturing and productive activities are yet to pick up to the level of 2011-12, but trade and commerce and services sectors have kept the economy going. Analysts said the buying and spending spree ahead of the Eid festival has ... Read More »

Loan interest rates higher: Local banks facing business challenge

Borrowing from foreign sources by private firms, corporate houses and big companies have increased manifold in the recent times, posing a threat to the business of local commercial banks, sources said on Thursday Insiders said, local companies are now heavily relying on foreign banks, financial institutions and development agencies for funds mainly due to lower interest rates charged by them. ... Read More »

ADP implemented at high rate despite political unrest

  The government implemented 95% of the annual development progarmme during the just concluded fiscal year 2013-14 although the year was battered by persistent political turmoil. In the year which ended in June 30, an amount of Tk56,793 crore was spent against the total revised allocation of Tk60,000 crore. The ADP implementation rate was one percentage points down from the ... Read More »

RMG exports hit record $24.5b

Refayet Ullah Mirdha, The Daily Star Garment exports hit a record high at $24.50 billion in the immediate past fiscal year, rising 13.86 percent year-on-year, according to Export Promotion Bureau. Competitive prices of Bangladeshi products and a higher demand among Western consumers have led to the growth despite all domestic and international odds, exporters said. Export of knitwear products rose ... Read More »

Inflation goes beyond target

Kayes Sohe, The New Age The government missed its fiscal target to keep inflation within 7%, as the data released yesterday showed average inflation rate ticked up to an annual 7.35% in the just concluded fiscal year on the back of rising food and noon-food prices. It was 6.78% in financial year 2012-13 and 8.69% in FY 2011-12 (according to ... Read More »

‘Poor man’s governor’

By KRISHNA KUMAR VR in New Delhi / Asia Weekly From a childhood of abject poverty, Atiur Rahman has climbed the ladder to become the governor of Bangladesh Bank, the country’s central bank. But the soft-spoken 62-year-old will never forget those harsh days and the people who helped him along the way, humbly saying he owes them his life. “I ... Read More »

Missing Malaysian plane’s 122 new objects spotted

A further 122 objects potentially from the missing Malaysian plane have been identified by satellite, the country`s acting transport minister has said. The images, taken on 23 March, showed objects up to 23m (75ft) in length, Hishammuddin Hussein said. All aircraft taking part in Wednesday’s search have now left the area without identifying debris from the plane. Flight MH370 from ... Read More »

Birth control rule seems to divide Supreme Court

The U.S. Supreme Court struggled Tuesday with the question of whether companies have religious rights, a case challenging President Barack Obama’s health overhaul and its guarantee of birth control in employees’ preventive care plans. The case is one of myriad legal challenges to the health care law, which is now being fully implemented and has emerged as a major issue ... Read More »