Oct 01

City Bank becomes a family company

5 directors from Hashem family, 4 from Deen Mohammad and 2 from Anwar Hossain

01Staff Correspondent: The City Bank Limited has become a family company of three business conglomerates, ignoring the prevailing rule of law of the country. The bank is also involved with multifarious manipulation, irregularities and misuse of power.
Overviewing the latest annual report and website of City Bank, it is identified that five out of 13 members board of directors are from M A Hashem’s family and followed by four from Deen Mohammed’s family and two from Anwar Hossain’s family. Two other board members of the bank are Rafiqul Islam Khan of Pakiza Group and Rajibul Huq Chowdhury of Aziz Group.

Permanent link to this article: http://www.daily-industry.com/?p=1177

Oct 01

Fix raw hides price by Oct 3

Staff Correspondent: Amid opposition from the tanners, Commerce Minister Tofail Ahmed has directed them to fix the price of raw hides of sacrificial animals by Friday.
“We (Government) don’t want to set price of raw hides, rather you (Tanners) should fix the price so the people can get reasonable price and you can make good business,” he added.
The minister yesterday gave the directives at a meeting with the representatives of the country’s leather industry at his ministry office.

Permanent link to this article: http://www.daily-industry.com/?p=1199

Oct 01

Science education declining alarmingly

32% decreased in last eight years

Staff Correspondent: Science education in the country is declining by almost 32% in last eight years and is constantly coming down though the necessity of science and technology are stepping up desperately. It is commonly held that without science or scientific thoughts we can hardly think a day. Science is deeply related to our everyday life and become inseparable part of human thoughts.
Bangladesh is now at stake and has been struggling against social parochialism because of large scale threat against science-based advanced thoughts.

Permanent link to this article: http://www.daily-industry.com/?p=1195

Oct 01

Bangladesh achieves significant progress: IMF

Staff Correspondent: The International Monetary Fund (IMF) observed that Bangladesh made significant progress in consolidating macroeconomic stability, supported by “calmer political environment” and “strong domestic demand”. “The Bangladesh authorities have made significant progress in consolidating macroeconomic stability under the ECF-supported programme,” the IMF said in a statement issued yesterday.
The statement was issued on the observation of the IMF mission led by Rodrigo Cubero which visited Dhaka from September 17 to 30 to conduct  discussions on the fifth review under a three-year Extended Credit Facility (ECF) arrangement. The ECF was approved on April 11, 2012 for a total amount of SDR 639.96 million (equivalent to about USD954 million).

The IMF said despite a moderation in exports, foreign exchange reserves have continued to increase and have reached adequate levels, inflation has declined, the fiscal deficit is contained and public debt is on a downward path.
“With a calmer political environment, economic activity is gaining momentum, and real GDP growth is expected at about 6.25 percent in fiscal year 2014-15, supported by strong domestic demand. There has also been progress on structural reforms,” the statement said.

Permanent link to this article: http://www.daily-industry.com/?p=1193

Oct 01

Latif Siddiqui removed !

02Special Correspondent: Abdul Latif Siddiqui was removed as Minister of Post, Tele Communications and Information for his irresponsible remarks that demeaned Hajj. Prime Minister Sheikh Hasina took the decision, said a competent source on Tuesday afternoon. Earlier in the day, BNP demanded that Minister Abdul Latif Siddiqui to be expelled from Cabinet for his comment on Hajj. Standing Committee Member Nazrul Islam Khan and Joint Secretary General Ruhul Kabir Rizvi raised the demand in separate programme.
Jamaat-e-Islami and Hizafat-e Islam issued similar statements after Siddiqui said he was against Hajj, Tablig and Jamaat-e-Islami at a discussion in New York on Sunday.

Permanent link to this article: http://www.daily-industry.com/?p=1190

Oct 01

BD-US partnership helped secure maritime border

Says US Ambassador

Permanent link to this article: http://www.daily-industry.com/?p=1187

Oct 01

DSE gains CSE loses

Staff Correspondent: Key share price index at the country’s premier bourses, Dhaka Stock Exchange (DSE) gained while that of Chittagong Stock Exchange (CSE) suffered loss on Tuesday, the 3rd trading day of the week.
The DSE benchmark index, DSEX gained 23.96 points or nearly 0.47 percent to close at 5074.31 on the day. Of the 300 issues traded, 137 gained, 123 declined and 40 remained unchanged. Shares worth Tk 879.77 crore changed hands at the DSE on Tuesday. The day’s top 10 gainers at the DSE were Popular Life Insurance, Agni System, Bank Asia, INTECH, BD Finance, Peoples Leasing and Finance, Fareast Islami Life Insurance, RAK Ceramic, Asia Pacific General Insurance, and Apex Tannery.

Permanent link to this article: http://www.daily-industry.com/?p=1185

Oct 01

55-km tailback on Dhaka-Ctg highway

Comilla Correspondent: A 55-kilometre long unusual tailback was created on Dhaka-Chittagong highway following a road accident at Doulatpur in Daudkandi upazila on Tuesday. The accident disrupted traffic from Meghna-Gomti Bridge to Paduar Bazar in Comilla Sadar Dakkhin upazila, causing immense sufferings to the commuters, especially patients inside ambulances. Sohel Ahmed, officer-in-charge of Moynamati Highway Police Station, said a truck and a covered van collided head-on at Daulatpur in Daudkani upazila around 1:30am on Tuesday. When a wrecker tried to remove accident-ridden vehicles, two wheels of the wrecker got stuck in mud, which delayed the rescue operation. The gridlock started early in the morning for huge pressure of vehicles ahead Eid-ul-Azha. Several hundred vehicles were stranded on the both sides of accident spot.
Meanwhile, the traffic jam started to ease slightly in the afternoon. Besides, the bus and truck drivers alleged that there are numerous potholes at Amirabad, Haripur and Jinglatali on the highways under Daudkandi upazila. The gridlock turned serious as drivers drove their vehicles haphazardly to avoid potholes, they said.

Permanent link to this article: http://www.daily-industry.com/?p=1183

Oct 01

4 acting chairmen in govt banks

Staff Correspondent: Acting chairmen in four state owned banks and a financial institution were appointed yesterday until further order from the Ministry of Finance. All four chairmen have completed their three years tenures recently.
The ministry in a circular yesterday has appointed four acting chairmen in four banks and non-bank institution. Of them  A K M Kamrul Islam, FCA has been appointed as acting chairman of Janata Bank, Additional Secretary of Ministry of Finance Montaj-Al-Shakur in Bangladeshi Krishi Bank, Dewan Nurul Islam in Bangladesh Development Bank and Additional Secretary of ERD Kazi Shafiqul Azam has been appointed as the acting Chairman of Investment Corporation of Bangladesh.

Permanent link to this article: http://www.daily-industry.com/?p=1180

Sep 30

Hydrocarbon experts quitting Petrobangla

Taking foreign cos’ lucrative offer

Special Correspondent: Hydrocarbon experts, especially engineers are quitting state-run Petrobangla job due to the lucrative offers of foreign exploration companies. In a period of last ten years, more than 50 top-ranking experts have left the state-run Petrobangla and its subsidiaries. Now they are also a ‘threat’ to the safety of both the explored and unexplored hydrocarbon minerals of the country. Because the foreign hydrocarbon exploring companies have hired them and valuable secret documents of the country on gas are now in the capture of these explorers.

Permanent link to this article: http://www.daily-industry.com/?p=1175

Sep 30

ACC to summon Shahjalal Bank directors for forgery in recruitment

Untitled-4Staff Correspondent: Anti-Corruption Commission (ACC) is investigating on recruitment fraud of Shahjalal Islami Bank Limited. ACC investigation found that dozens of officials got job with fake certificates and some of them also got promotion. Following the irregularities, ACC will summon the bank directors to appear before it for interrogation.
Shahjalal Islami Bank’s directorial body members are AK Azad, chairman, Mohamamd Yunus and Abdul Barek, vice-chairmen, managing director Farman R Choudhury, directors Sajetuz lJumma, Anwar Hossain Khan Mohammad Faruk, Tofazzal Hossain, Sanaullah Shahid, Harun Mian, Mohammad Farrukh, Solaiman, Syed Nazrul Arefin, Abdul Halim, Mohiuddin, Akkas Udin, Khondaker Sakib,
Engineer Touhidur Rahman, Moshahrraf Hossian and independent director Farida Parvin.

Permanent link to this article: http://www.daily-industry.com/?p=1172

Sep 30

ACC recommends case against Nasir Group chief

Untitled-3Staff Correspondent: Anti-Corruption Commission (ACC) recommended filing case against five persons, including Nasir Uddin Biswas, chairman and also managing director of Nasir Group over money laundering and tax evasion.
After primary investigation, ACC assistant director Rafiqul Islam submitted the recommendation yesterday to the anti-graft commission’s special investigation and inquiry division.
Besides, the group chairman, the recommendation includes its general manager Mohammad Alfaz, Motiur Rahman of its import department, Prabir Kumar of export department and its former official Shahiduzzaman. A competent source in ACC confirmed the matter.
The source said the commission will take decision after scrutinizing the recommendation.
The recommendation mentions that Nasir Group laundered several hundreds of through DNK Money Exchange at Gulshan 1 and AJ Money Exchange at Gulshan-2. It has made the government looser of taxes.

Permanent link to this article: http://www.daily-industry.com/?p=1169

Sep 30

Tk 50cr compensation suit against United Air

Special Correspondent: Five passengers of United Airways filed a lawsuit against top five officials of the airways claiming compensation of Tk 50 crore as they did not travel to destination due to stop services. The case was filed with Judge Fazle Elahi Bhuiyan of first sub-district judge court in Dhaka on Sunday. The plaintiffs are Abu Bakar Siddique, Rafiqul Islam, Nasrin Akter, Maqbul Hossain and Sohanur Rahman. The lawsuit was filed against the Managing Director, Chairman, Manager (Administration), Manager (Operation) of United Airways and Managing Director of Air Star Travels and Tours.

According to the case statement, the plaintiffs said they missed their scheduled business trip to Malaysia as the airlines suspended its operations on September 25.
They all incurred huge losses due to the cancellation of the flight, they claimed.
United Airways resumed operations on Saturday two days after it sudden suspension of flight operations amidst a ‘leadership crises’ at the nine-year old company.
At least 2,000 passengers had suffered during the two days, as 10 international flights and 14 domestic flights were cancelled.

Permanent link to this article: http://www.daily-industry.com/?p=1167

Sep 30

President leaves for Hajj with 47 members team

Staff Correspondent: President Abdul Hamid will arrive in Saudi Arabia on Wednesday to perform hajj, the fifth pillar of Islam and the most significant manifestation of Islamic faith and unity. Bangladesh ambassador to Riyadh sources confirmed the matter.
President will land at King Abdulaziz International Airport on the day and will start for Makkah to perform hajj. After that, he will go to Madinah on October 7 Tuesday to offer prayer to Roza Mubarak of Hazrat Mohammad’s (SAW).
He will stay in Saudi Arab as a royal guest of Saudi king.
A 47-member delegation, including Rashida Hamid, wife of the President, two sons, their wives, President’s personal officer and others will also accompany him.
Abdul Hamid will return Dhaka on October 10.

Permanent link to this article: http://www.daily-industry.com/?p=1165

Sep 30

Bangladesh earns laudable success in many aspects

Says Filipino Ambassador Bandillo


Vincente Vivencio T. Bandillo

Ivan Gomez: His Excellency Mr. Vincente Vivencio T. Bandillo has been appointed as the Philippines Ambassador to Bangladesh in January, 2014 and within this short time, he has learnt lots about the country and its people. To him, Bangladeshi people are friendly and simple and their hospitality overwhelmed him the most.
Ambassador Bandillo majored in English and took graduate studies in Creative Writing at the University of San Carlos and Silliman University in the Philippines. He taught Literature and Humanities before joining government services in 1987, first as Information Officer of the Philippines Information Agency and then as Intelligence Analyst of the Armed Forces of the Philippines.

Permanent link to this article: http://www.daily-industry.com/?p=1162

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