Business

The Board of Directors of NCC Bank Ltd. has re-elected Md. Abul Bashar as chairman for the next one year and Sohela Hossain elected as vice Chairman of the Bank. Chairman Md. Abul Bashar completed his B.Sc. in Management Information System from USA. He started pursuing his family business endeavors with Prime Group of Industries shouldering its responsibilities holding position ...

Food Friendly Programme (FFP)’ and sale of rice at Taka 30 per kg under the open market sale (OMS) for low-income people began across the country on Thursday. “The government has started ‘Food Friendly Programme (FFP)’ and open market sale of rice from today as per the directives of the Prime Minister Sheikh Hasina,” said an official of the food ...

Chinese firm China Communication Construction Company Limited (CCCCL) will be appointed as service provider for the Bangabandhu Sheikh Mujibur Rahman Tunnel under Karnaphuli River in Chattagram. Cabinet Committee on Government Purchase (CCGP) at a meeting approved a proposal in this regard on Wednesday. The same company has been engaged by the government to build the tunnel and its associated infrastructure. ...

The unit-1 of the 2x660MW Maitree Super Thermal Power Project at Rampal will go into commercial run in October, raising further the country’s electricity generation capacity, as all necessary steps, including successful synchronization with the national grid, have already been completed. In a major step in further strengthening India-Bangladesh Power Sector Cooperation, Unit-I of the 2×660 MW Maitree Super Thermal ...

The government has cut the prices of diesel, petrol, octane and kerosene by Tk 5 per litre apparently to tame the commodity market which became volatile after the fuel got costlier. The Ministry of Power, Energy and Mineral Resources issued a gazette notification on Monday night in this regard. Earlier in the day, Power, Energy and Mineral Resources Nasrul Hamid ...

Bangladesh’s petrol pump owners have decided to give the government until September 12 to fulfil their list of five demands, including higher sales commissions. If their demands are not met by then, a ‘symbolic strike’ will be enforced at petrol pumps across the country from dawn to 11 am on September 13, according to them. The Petrol Pump Owners Association ...

Rupali Bank Limited has appointed Mohammad Jahangir as the new managing director (MD) and chief executive officer. He joined at the post through a circular from the Financial Institutions division of the Ministry of Finance. Mohammad Jahangir was born at Kabirhat upazila in Noakhali district. He received M.com (Management) degree and MBA on Finance from Dhaka University. Jahangir started his ...

A Bangladeshi-flagged ship has started its journey from Muktarpur of Munshiganj to India carrying jhut, the scrap fabric produced by the RMG industry, for the first time in the country’s history. The ship ‘MV Razzaku’ started its journey around 12:45 pm from Char Muktarpur River Port for Dhubri Port in Assam of India. India’s Bhansali International is importing 111 metric ...

California is to ban the sale of new petrol-only vehicles by 2035, marking a historic step in the state’s attempts to tackle climate change. The new rules are aimed to force car makers to accelerate the introduction to the market of cleaner vehicles. It comes after Governor Gavin Newsom set a target in 2020 to speed up the shift away ...

Commerce Minister Tipu Munshi on Thursday said the government has no restrictions on importing food products from Russia and Ukraine or any other country. The minister was talking to the media after a top level government meeting on import of food grains and products held at the secretariat. He said the importing of food products was discussed at the meeting ...