Thursday, 29 Oct, 2020

Business

Why BB circular on 9% lending rate not illegal: HC

DHAKA: The High Court has issued a rule asking the authorities concerned to explain why the circular of Bangladesh Bank (BB) on 9 percent interest rate should not be declared illegal. The bench of Justice Abu Taher Md Saifur Rahman and Justice Md Zakir Hossain issued the rule on

Writ filed challenging BB-set 9pc lending rates

DHAKA: A writ petition was filed on Sunday (Mar 01) challenging the legality of a circular issued by Bangladesh Bank setting lending rates on all loans except those on credit cards at 9 percent. Mahfuzur Rahman, a student law department of a university, filed the write petition, said

Power tariff up by 5.3pc from March

DHAKA: Retail consumers have to pay more on electricity from the next month as the Bangladesh Energy Regulatory Commission (BERC) has increased the prices by Tk 0.36 or 5.3 percent to Tk 7.13 per unit. Besides, the power tariff has been raised by 8.4 percent at wholesale levels. The

Bashundhara to provide land for China Town in Dhaka, if necessary

DHAKA: Bashundhara Group is ready to provide lands to establish China Town in Dhaka, if necessary, said the Group Managing Director Sayem Sobhan Anvir.  Besides, country's leading business conglomerate also proposed to name a street in Bashundhara residential area as China Street.

Sufi Mizanur Rahman meets Mahathir Mohamad

DHAKA: Chairman of PHP family Sufi Mizanur Rahman, who has recently been honored with Ekushey Padak for making contribution to social welfare, met interim prime minister of Malaysia Mahathir Mohamad on Wednesday (Feb 26). The successful entrepreneur along with his son and Group

Chinese envoy Li Jiming visits EWMGL complex

DHAKA: Chinese Ambassador to Bangladesh Li Jiming on Wednesday (Feb 26) visited country’s largest media outlet East West Media Group Limited complex in Bashundhara Residential Area of Dhaka. The envoy arrived at the media complex around 10:45 am this morning.  Bashundhara Group

GP gets 3-month time to pay BTRC Tk 1,000cr 

DHAKA: The Supreme Court directed private mobile phone operator Grameenphone (GP) to pay the rest of Tk 1,000 crore of the dues claimed by BTRC within the next three months. The six-member Appellate bench, led by Chief Justice Syed Mahmud Hossain, passed the order on Monday (Feb 24).

Daraz Village brings E-commerce services at rural areas

Country’s largest e-commerce Daraz Bangladesh (daraz.com.bd) has been providing its finest services in various parts of the country for the last six years. As a result, millions of Bangladeshis are now enjoying the ease of e-commerce from home. There is no end to Daraz’s business

Bangabandhu, source of all inspirations: Ahmed Akbar Sobhan

KERANIGANJ: Bashundhara Group Chairman Ahmed Akbar Sobhan, in his speech at the launching ceremony of the country’s first-ever private-sector Bitumen Plant, said the Father of the Nation Bangabandhu Sheikh Mujibur Rahman is the main source of inspiration behind the country’s success

Bashundhara solves country’s bitumen crisis: Finance minister

DHAKA:  Expressing joy over the launch of the country’s first-ever private-sector Bitumen Plant, Finance Minister AHM Mustafa Kamal said the Bashundhara Group solved the country’s bitumen crisis. He also said:  “For the sake of Bashundhara, we don’t have to import Bitumen

Prime Insurance gets award for insurance awareness campaign in social media

DHAKA: Mr. Asaduzzaman, Vice President of the Prime Insurance Company Limited has been honored with award for insurance awareness campaign in the Social media. The Simanto Cultural Foundation, a sister organization of the Bangladesh Medha Bikash Society organized the award giving

Gold price rises by Tk 1166 per bhori

DHAKA: Bangladesh Jewellers' Association (BAJUS) on Tuesday (February 18) decided to increase the price of gold at Tk 1,166 per bhori. The new rate will be effective from Wednesday (February 19), says a press release issued by BAJUS. According to new price of BAJUS, gold in the

$170m ADB loan again for capital market reforms

The Asian Development Bank (ADB) has approved a second tranche loan of $170 million to conclude the Third Capital Market Development Program in Bangladesh. ADB approved the program totaling $250 million in November 2015 with a first tranche $80 million loan to support vital capital

Tk 12,000cr revenue in just 7 months

DHAKA: The revenue collection in this fiscal is around Taka 12,000 crore higher than that of the same period of the previous fiscal (2018-19), said Finance Minister AHM Mustafa. He told journalists after a meeting of the Cabinet Committee on Government Purchase (CCGP) at the Cabinet

Huge investment coming from Saudi: FM

DHAKA: The government is expecting a huge investment from Saudi Arabia in various sectors including power and energy, especially potential investment and support from the Saudi Aramco, said Finance Minister AHM Mustafa Kamal. Kamal said this to the reporters after holding a meeting

ECNEC approves India-Bangladesh Pipeline project among 9

DHAKA: The Executive Committee of the National Economic Council (ECNEC) today approved nine projects involving Taka 2,422.27 crore with a Taka 306.23 crore scheme to acquire necessary land and ancillary facilities development for implementing the India-Bangladesh Friendship Pipeline

Bashundhara for quality products from best raw materials: MD

DHAKA: Bashundhara Group consistently provides quality products by utilizing best raw materials and sophisticated technology, said Sayem Sobhan Anvir, Managing Director (MD) of the country’s leading business conglomerate. The BG MD directed the sales team to describe the fact in

4 state-owned banks to join capital market by September

DHAKA: Finance Minister AHM Mustafa Kamal said the government decided to bring four more state-owned commercial banks (SOCBs) into the capital market by September. “We’ll bring in four more state-owned commercial banks–BDBL, Agrani Bank Ltd, Janata Bank Ltd and Sonali Bank Ltd–

Yeasha Sobhan honored with Rising Star Award in Bangkok

DHAKA: Bashundhara Group Director Yeasha Sobhan was honored with Rising Star award for Corporate Excellence in Bangkok.   The award was given by URS Media & AsiaOne Magazine at “the 13th edition Asian Business and Social Forum, Pride of Asia Series Awards and Business Summit; & 4th

AsiaOne Global Asian of the Year Safwan Sobhan

DHAKA: Safwan Sobhan, Vice Chairman of Bashundhara Group, was honored with AsiaOne Global Asian of the Year 2019-20 award for his outstanding contribution to industry and society. The award was given by URS Media & AsiaOne Magazine at “the 13th edition Asian Business and Social