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Category Archives: Development News

IMF to release $140.4 million under ECF The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of about US$140.4 million (SDR-Special Drawing Rights -91.423 million) for Bangladesh under its Extended Credit Facility (ECF). The IMF Executive Board also completed the third review of Bangladesh’ s economic programme under a three-year arrangement supported by the Extended Credit Facility (ECF) on November 27, said ... Read More »

PM inaugurates 3rd sea port

Patuakhali Correspondent Prime Minister Sheikh Hasina inaugurated the country’s third sea port ‘Paira Bandar (Paira Seaport)’ at the Rabonabad Channel under Kalapara upazila in the district on Tuesday. Shipping Minister Shahjahan Khan presided over the event. Earlier, the parliament passed ‘The Paira Port Authority Bill 2013’ paving the way for establishing a port authority to run the ‘Paira Seaport’. The ... Read More »

PM inaugurates Sk Fazilatun Nesa Mujib Specialised Hospital in Gazipur

Kashimpur (Gazipur) Correspondent A new dimension has been added to the country’s health sector towards ensuring healthcare services to the people with the inauguration of Sheikh Fazilatun Nesa Mujib Memorial KPJ Specialized Hospital and Nursing College here today (Monday). Prime Minister Sheikh Hasina, visiting Malaysian Prime Minister Dato Seri Mohd Najib Bin Tun Abdul Razak and PM’s younger sister Sheikh ... Read More »

BD reaches10,000-MW power generation milestone A celebration for touching this milestone was launched on Tuesday evening with a spectacular fireworks  at  Hatirjheel Lake in the city. Bangladesh, starving for less than 4,000 megawatt electricity only five years back, today celebrated touching the milestone of power generation capacity of 10,000-MW with a grand and cheerful jubilation. The celebration was launched this evening with a spectacular ... Read More »

Taka 3.79 crore employment programme begins in Pirgachha

Rangpur Correspondent The first phase of the special Employment Generation Project for the Poorest (EGPP) at Taka 3.79 crore began to benefit 4,749 beneficiaries including distressed women in Pirgachha upazila here from Saturday. Chairmen Afsar Ali of Sadar union parishad and Abul Kalam Azad of Parul union parishad inaugurated the infrastructural development and earth-filling works under the EGPP at separate ... Read More »

The U.S. economy added a surprising 204,000 jobs in October; jobless rate, 7.3%

The U.S. economy added a surprising 204,000 jobs in October despite a federal government shutdown that was expected to limit payroll growth. The unemployment rate, which was expected be more significantly impacted by the shutdown, rose to 7.3% from 7.2%, the Labor Department said Friday. A survey of economists by Action Economics had estimated that 122,000 jobs were added last ... Read More »

Vegetables cultivation made 30,000 families self-reliant in Rangpur

 Rangpur Correspondent Over 30,000 poor families of 250 villages including vast char areas under five districts in Rangpur division have achieved self-reliance through vegetables cultivation during the past five years. Most of them were in abject poverty in the remote and sandy chars in Rangpur, Kurigram, Lalmonirhat, Gaibandha, Nilphamari, Dinajpur, Thakurgaon and Panchagarh districts before taking up vegetables farming as ... Read More »

Cabinet okays consultant for Metro Rail Project

JICA agrees to shift US$400m from Padma Bridge to the project Financial News Service The Cabinet Purchase Committee on Monday approved a total of 13 proposals, including appointment of general consultant for JICA-funded Metro Rail Project under the Dhaka Mass Rapid Transit Development Project (MRT Line-6) and consultant for Kanchpur, Meghna and Gomti 2nd Bridges. The approval came at a ... Read More »

World’s latest mega-airport finally opens to passengers

Dubai’s aviation industry achieved its biggest milestone to date on Sunday, when the emirate’s new airport welcomed the arrival of its first commercial flight. Located in Jebel Ali and part of Dubai World Central, an “aviation city” that the government launched as a free economic zone, Al Maktoum International Airport is expected to become the world’s largest airport upon completion. Like the ... Read More »

IFC to finance $1bn for power projects

Financial News Service The International Finance Corporation (IFC) has agreed to finance $1bn to foster regional power trade, set up LNG (liquefied natural gas) terminal and improve power transmission and generation capacity in Bangladesh. The Power Division and a delegation of IFC, the private sector arm of the World Bank Group, had a meeting on Wednesday, agreeing on financing the ... Read More »