Oct 23

Bangladesh a difficult place for business and investment

UK-US joint study says

Staff Correspondent: Governance issues and power have made Bangladesh a difficult place for business, a joint UK and US study says. The ‘Inclusive Growth Diagnostic Study’ released yesterday focused on particular investment issues that impact most heavily on inclusive economic growth in Bangladesh.
The UK Aid and USAID jointly funded the study that analysed existing data to look into the issues that potential investors take into account when making investment decisions. The report did not make any recommendations, however. “It is vital we create a detailed, shared understanding of the challenges facing investment in Bangladesh,” DFID Country Representative in Dhaka Sarah Cooke said,
making comment on the study, in a statement.

Permanent link to this article: http://www.daily-industry.com/?p=1713

Oct 23

Noble prize winner Malala renews call for education

Untitled-3Industry Desk: Malala Yousafzai, the youngest person to receive the Nobel Peace Prize, renewed her call for world peace and universal education on Tuesday at a ceremony in which she was awarded the Liberty Medal. “No girl, no child, anywhere, anywhere in this world should be deprived of education,” said Yousafzai, who is 17.
The Liberty Medal honors people who “strive to secure the blessings of liberty,” according to the website of the National Constitution Center, which presents the award each year in Philadelphia. The medal comes with a $100,000 cash prize, which Yousafzai said she would donate to education and humanitarian relief efforts in her native Pakistan. The award comes two weeks after Yousafzai became the youngest person to be awarded the Nobel Peace Prize. She rose to prominence as an 11-year-old girl who advocated for girls’ rights to education as a blogger on the BBC’s Urdu service. Shot in the head in October 2012 by Taliban gunmen intent on silencing her, she settled in Britain amid ongoing threats by extremists in Pakistan. She now runs the Malala Fund, which is dedicated to empowering girls through education. The teen spent Tuesday night being honored by dignitaries who saw her through the lens of their professions and passions. University of Pennsylvania president Amy Gutman said Yousafzai underscored the importance of education.

Permanent link to this article: http://www.daily-industry.com/?p=1703

Oct 23

Sundarbans become harder for wild animals to live

Untitled-2Bagerhat Correspondent: While the Sundarbans is gradually turning to be a hostile habitat for the wildlife because of its changing environment, the hunting of wild animals is keeping abreast with it, making the conservation of the forest harder than any time before. The Forest Department records show that at least 49 tigers — the flagship species of world’s largest mangrove
forest — have been killed over the last one decade from 2001 to 2013 due to various reasons, including straying of the big cat in human habitat and hunting by smugglers.
However, people living in the regions claimed the number should be much higher because the incidents of tiger killing by smugglers are taking place very frequently in their vicinity.

Permanent link to this article: http://www.daily-industry.com/?p=1698

Oct 23

Dr. Zahid Hussain

Dr. Zahid Hussain, lead economist at World Bank for Dhaka office, speaks at a press conference in Dhaka to unveil Bangladesh Development Update, October 2014 on Tuesday.

Dr. Zahid Hussain, lead economist at World Bank for Dhaka office, speaks at a press conference in Dhaka to unveil Bangladesh Development Update, October 2014 on Tuesday.

Permanent link to this article: http://www.daily-industry.com/?p=1732

Oct 23

(No title)

Nonresident First Secterary of Belgium Embassy for Bangladesh Christopher Van Overstraeten, stationed in New Delhi, India called on President of Chittagong Chamber of Commerce and Industry Mahbubul Alam , on October 21to inform that there will be a 10-15 member Belgian delegation from the sector of trade, commerce and industry to have a view exchange meeting in December 2014 in Dhaka. The meeting might result in more investment from Belgium in Bangladesh.

Nonresident First Secterary of Belgium Embassy for Bangladesh Christopher Van Overstraeten, stationed in New Delhi, India called on President of Chittagong Chamber of Commerce and Industry Mahbubul Alam , on October 21to inform that there will be a 10-15 member Belgian delegation from the sector of trade, commerce and industry to have a view exchange meeting in December 2014 in Dhaka. The meeting might result in more investment from Belgium in Bangladesh.

Permanent link to this article: http://www.daily-industry.com/?p=1729

Oct 23

(No title)

Abdul Hamid Miah, Managing director of Union Bank Ltd, inaugurates the bank’s Tasharar branch at Ashuganj in Brahmanbaria yesterday.

Abdul Hamid Miah, Managing director of Union Bank Ltd, inaugurates the bank’s Tasharar branch at Ashuganj in Brahmanbaria yesterday.

Permanent link to this article: http://www.daily-industry.com/?p=1726

Oct 23

Regional SME fair kicks off today in Rangpur

Rangpur Correspondent: The three-day Regional SME Product Fair-2014-15 kicks off here from today with a view to flourishing local small and medium enterprises (SME) for accelerating uplift and enhance economic growth.
The fair is being organised by SME Foundation at Public Library ground to promote local SME sector, enhance production of quality SME products, exhibition and introduction of SME goods for expanding business, trade and commerce.
The information was disclosed today at a press conference arranged by SME Foundation at Public Library Hall in the city with its General Manager Md Mujibur Rahman in the chair.
Deputy General Manager (Programme) of SME Foundation Fahim Bin Aslam and its Deputy General Manager (Information) Nurul Alam were present.
The General Manager of SME Foundation elaborated the goals and objectives of the Regional SME Fair and answered various questions asked by the media workers.

Permanent link to this article: http://www.daily-industry.com/?p=1724

Oct 23

Indian High commissioner visits Ashuganj river port

Untitled-2Jashim Uddin from Brahmanbaria: Indian High Commissioner to Bangladesh Pankaj Swaran visited the proposal place of constructing of container terminal & a rice carrier ship at the Ashuganj Meghna River led by Bangladesh inland water Transport Authority (BIWTA) Tuesday noon. Among others, Deputy High Commissioner Sandip Mitra, First Secretary of Indian High Commission Nilanda, Director at river transport security  and Traffic management  of BIWTA Md Shafiqul Hoque, Director at river trans port reservation of BIWTA Mohammad Hossain, Executive Engineer of BIWTA Md Moslem Uddin, Brahmanbaria Divisional officer of Customs excise & VAT Md Ahsan Ullah, Assistant Police Super of Brahmanbaria Sadar circle Md Shah Alam Bakawol, Ashuganj Upazila Nirbahi Officer Swandip Kumer singha, officer in charge  of Ashuganj Police station Md Abu Zafar, Managing Director of Surfex corporation Sunil Kapor, Inspector of Asuganj River port Md Sha Alam , Contractor Md Alamgir Kabir and local administrations were also present.

Permanent link to this article: http://www.daily-industry.com/?p=1721

Oct 23

‘Ticket Block Checking Program’ of Bangladesh Railway continues at Srimangal Rail Station

Untitled-1Bikul Chakraborty, Moulvibazar: The Bangladesh Railway has started ‘Ticket Block Checking Programme’ at Srimangal railway station. This program has been started to prevent revenue deception by scanning the passengers travelling without tickets. Under this programme, Taka 1 lac 16 thousand have been collected as penalty from 7 hundred 64 passengers traveling through Srimongal Railway station in Moulvibazar district till Wetnesday evening.
Md Abu Sayeed, the Assistant Commercial Officer of Dhaka region of the railway department is leading the Ticket Block Checking programme. Md Ataur Rahman Ticket Inspector of Kulaura railway station, Station Master Mehedi Hasan of Sylhet station, with Station Master Amrita Lal Sarkar of Srimongal among others are in the team.
The Team leader Md Abu Sayeed said, this programme will continue for a week at different railway stations of Sylhet region to create awareness among train passengers and to enhance railway revenue.

Permanent link to this article: http://www.daily-industry.com/?p=1718

Oct 23

ACC to quiz Meghna Group Chairman today

Mostafa Kamal

Mostafa Kamal

Staff Correspondent: ‘Risk Management Chairman’ of Modhumoti Bank Limited and Chairman of Meghna Group Mostafa Kamal will be quizzed in connection with siphoning huge amount of money through ‘under invoicing’ for importing powder milk. Meghna Group, which is the manufacturer and marketing giant of ‘Fresh’ brand consumer products in the country, has siphoned million of dollars to different
countries including Australia.
Tanvir Foods Limited, the powder milk marketing concern of Meghna Group has imported huge quantity of full cream powder milk where he disclosed price of every ton as US$2700 but at the same time Arla Food Products-the marketing master of Dano brand powder milk, has quoted price of every ton as $4400.
Tanvir Foods here dodges millions of dollars import tax and transfer the money through hundi. After a primary investigation, the Anti-Corruption Commission (ACC) has identified the irregularity and has noticed Mostafa Kamal to rush ACC office at Segun Bagicha today to face interrogation.
An ACC team led by its Deputy Director Mir Md. Joynul Abedin will quiz Mostafa Kamal.

Permanent link to this article: http://www.daily-industry.com/?p=1710

Oct 23

WB for quick work on Padma Bridge

Staff Correspondent: The World Bank has advised the government to hasten the Padma Bridge Project after having stalled it two years. Bangladesh had decided to proceed with the construction of the 6-km-long bridge by keeping the World Bank out of it after a prolonged tussle over the corruptions allegations levelled by the bank. The World Bank raised the Padma Bridge issue in its report ‘Bangladesh Development Update’ released on Tuesday, urging the government to complete the project as early as possible to improve connectivity.
In 2013, Finance Minister AMA Muhith had sharply criticised the attitude of the Washington-based global lender after deciding to go ahead with the project without World Bank funds.

Permanent link to this article: http://www.daily-industry.com/?p=1708

Oct 23

ACC screening FF certificates of its 9 officials

Staff Correspondent: The Anti Corruption Commission (ACC) has launched a fresh move to examine the FF certificates of its nine officials, including a director general on completion of a probe against six senior government officials
who managed freedom fighter (FF) certificates without fulfilling the requirements.
“The Commission at its monthly meeting yesterday decided to launch a probe to examine the FF certificates of its nine officials to know how they managed the FF certificates,” ACC commissioner M Shahabuddin told.
ACC chairman M Badiuzzaman and its two commissioners M Shahabuddin and Dr Nasir Uddin Ahmed were present at the meeting.
The Commission has already formed a two-member probe team, led by its deputy director Zulfikar Ali, to conduct an inquiry against the ACC officials who are enjoying benefits as freedom fighters.

Permanent link to this article: http://www.daily-industry.com/?p=1706

Oct 23

Bangladesh-China Power Company starts functioning

Staff Correspondent: Bangladesh-China Power Company (Pvt) Limited (BCPCL) starts functioning from yesterday through its first board meeting for developing the 1,320MW Payra coal-fired power plant.
The project site will be on the bank of the Rabnabad River near Payra maritime port, while the project has an estimated cost of $2 billion. The meeting of the BCPCL, a joint venture of Chinese power company CMC and state-owned North-West Power Generation Company Limited (NWPGCL), would be chaired by Power Division Secretary Monowar Islam, said NWPGCL Managing Director AM Khurshedul Alam yesterday. “We intend to establish a joint venture with China National Machinery Import and Export Corporation (CMC) to set up a 1,320MW ultra super-critical coal-based power plant at Patuakhali by importing coal,” said Khurshedul, who is also a director of the BCPCL. On March 19, the NWPGCL and the CMC signed a memorandum of understanding to set up the plant in Patuakhali’s Kalapara upazila.

Permanent link to this article: http://www.daily-industry.com/?p=1701

Oct 23

WB financing 36 projects of over $6 billion

Staff Correspondent: The World Bank (WB) is currently financing 36 projects involving US$ 6,601.46 million ($6.60 billion), according to a latest document of the global lender. The funding covers the major projects designed to develop infrastructure, power, agriculture and education sectors, water supply, health services as well as skill and capacity building of public institutions.
The 36 projects include Skill and Training Enhancing, Secondary Education Quality Enhancement Project, Primary Education Development Programme III, Reaching out of School Children II, Siddhirganj Power Project, Rural Electricity Transmission and Distribution, Rural Electrification and Renewable Energy Development II, Clean Air and Sustainable Environment, Water Management Improvement Project, Empowerment and Livelihood “Notun Jibon (SIPP III), National Agriculture Technology Project, Modern Food Storage Facilities, Public Procurement Reform Project II, IDEA Project, VAT Improvement Project, Health Sector Development Programme, Disability and Children at Risk, Safety-net Systems for the Poorest, Emergency 2007 Cyclone Recovery and Rest, Northern Areas Reduction of Poverty, Local Governance Support Project II, Coastal Embankment Improvement Project, Municipal Governance and Services, Investment Promotion Financing Facility, Private Sector Development Support, Leveraging ICT Growth, Employ and Govern, Second Rural Transport Project, Dhaka Water Supply and Sanitation Project, Chittagong Water Supply Improvement, Community Climate Change Project, Afforestation and Reforestation Project, Integrated Agriculture Productivity, Strengthening Legislative Oversight and Strengthening Auditor General’s Office.

Permanent link to this article: http://www.daily-industry.com/?p=1696

Oct 23

5 Bangladeshis die in Saudi Arabia

Saudi Arabia Correspondent: Five Bangladeshis have been killed in a road accident in Saudi Arabia, the Bangladesh Embassy in the kingdom has confirmed. Two other Bangladeshis have been injured in Wednesday morning’s (local time) accident at Jabal al-Noor in Makkah, Ambassador Md Shahidul Islam told.
The victims have been identified as driver ‘Aiyub’, Najim Hossain, ‘Sharif’, Md Alam and ‘Mansoor’.
Islam said the injured ‘Joynal’ and ‘Islam’ were in critical condition. All the victims were from Cox’s Bazar’s Eidgah area, he said.
The ambassador said talks were underway with the Saudi authorities to bring the bodies back.

Permanent link to this article: http://www.daily-industry.com/?p=1694

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