saudis building $500b mega-city DUBAI: The International Monetary Fund has endorsed an ambitious Saudi Arabian plan to build a $500-billion business and industrial zone extending into Jordan and Egypt, saying the project could benefit the whole region. Jihad Azour, head of the IMF’s Middle East department, said Riyadh would need to balance the huge cost […]
Bangladesh’s roads among worst in Asia Bangladesh’s roads are among the worst in Asia, DataLeads say in a recent infograph published based on an opinion survey of the World Economic Forum. It ranked at 113 among the Asian countries for road quality, only ahead of Nepal, ranked worst for lack of resources and hilly terrain […]
Business leaders informed the Anti-Corruption Commission on Wednesday that they were compelled to bribe government officials as ‘speed money’ to have their work done. They raised the allegation while taking part in a discussion titled ‘Ensuring transparent and accountable public service for investment and business friendly environment in Bangladesh’ at the ACC head office. Bangladesh […]
Navy gets land development work unsolicited Bangladesh Navy was awarded land development work of Mirersarai Economic Zone at a cost of Tk 218 crore. The cabinet committee on national purchase at a meeting at the secretariat endorsed the unsolicited proposal from Bangladesh Economic Zones Authority aiming at completing the works in 10 months to attract foreign […]
Every corrupt will be brought to book The Anti-Corruption Commission will bring to book every people who are involved in banking scams as part of the move to create a business-friendly environment in Bangladesh, its Chairman Iqbal Mahmood said yesterday. “We have nothing to do with bank loans. But we want you [businesspeople] not to […]
First female chairman for a state bank Luna Shamsuddoha, a prominent ICT entrepreneur, yesterday took over as the chairman of Janata Bank, making her the first woman chairman of any state-owned bank. Since June 2016 she has been a member of the Janata board. From 2009 to 2012, she served as a board member of […]
Bangladesh must grow 10pc annually for 20 years: ADB chief Bangladesh needs to clock in at least 10 percent economic growth for the next two decades if it wants to become a developed country by 2041, said Takehiko Nakao, president of the Asian Development Bank, yesterday. “It is not impossible, but not so easy also,” […]
BTRC sets new rate for int’l call termination benefiting IGW operators Bangladesh Telecommunication Regulatory Commission has set a fresh rate for international call termination thus legalising international gateway operators’ ‘unethical practice’ of sharing lower amount of revenue with the government, said officials. The telecom regulator issued a fresh notice in this regard on Thursday last […]
National Board of Revenue chairman Md Mosharraf Hossain Bhuiyan, Foreign Investors’ Chamber of Commerce & Industry president Shehzad Munim, executive committee member Francois de Maricourt and executive director Jamil Osman are seen at the luncheon meeting of the FICCI at The Westin, Dhaka on Wednesday. — New Age photo NBR chair assures foreign investors […]
Noel Quinn outlines six ways to future-proof the business Noel Quinn, the Chief Executive of HSBC Global Commercial Banking, outlines six trends that will have the greatest impact on the businesses. He is currently visiting Bangladesh. “Every year, leaders from across the globe gather in Davos, Switzerland to discuss the most pressing issues facing the […]