Govt to shut down all diesel-run power plants
Special Correspondent: The power department has announced the closure of diesel-based plants due to high production costs. Consumer demand can be met by relying on coal, gas and furnace oil-based electricity.In July last year, the power…
Read More »Joint efforts to ensure social compliance in leather industry sought
Industry Desk: Leaders of Bangladesh Labour Foundation (BLF) yesterday urged all concerned, including tannery owners, labour leaders and workers of the leather industry to work jointly with collective initiatives to boost country’s leather industry ensuring social…
Read More »New policy mandatory for all electric vehicles
Staff Correspondent: The Ministry of Road Transport and Bridges has drafted a new policy on the registration and movement of electric vehicles, which includes an obligation for existing electric vehicles on the road to be converted…
Read More »Mexico to open embassy in Bangladesh soon
Diplomatic Correspondent: Mexico will establish an embassy in Bangladesh in the second quarter of this year, Secretary of Foreign Affairs of Mexico Marcelo Ebrard said.He disclosed the decision in a meeting with Bangladesh Foreign Minister Dr…
Read More »Antibiotics for seasonal cold, cough will not work: IMA
Industry Desk: The Indian Medical Association (IMA) has advised against the intake of antibiotics during seasonal cold and cough amid patients having symptoms ranging from nausea, vomiting, fever, body ache among others. Citing the National Centre…
Read More »Over Tk 30,000 cr investments in LPG sector at high risk
Market shrinking day by day Mahmuz Emran: Thirty companies in the country have invested more than Tk 30 thousand crore in the Liquefied Petroleum Gas (LPG) sector. In the first eight years of the last decade,…
Read More »PM cautions insurance cos against intentional damage claims
Staff Correspondent: Prime Minister Sheikh Hasina yesterday advised insurance companies to be cautious against “intentional damage” claims and defy any such inappropriate demands even in the face of political pressures by influential people.“Please don’t bow down…
Read More »Multilateralism, food energy, fertilizer coop to focus on G20 meet
Industry Desk: The Foreign Ministers of G20 countries will discuss various issues like multilateralism, food, energy and fertilizer cooperation, emerging threats, counter terrorism and narcotics during their today’s meeting.Although the two-day G20 Foreign Ministers Meeting is…
Read More »81 insurance cos not paying Tk 6,500cr claim money
Ruining trust on the sector Ibrahim Khalil Jewel: The contribution of the insurance sector to the country’s economy is below 1 percent due to the lack of confidence. To increase the contribution of insurance to the…
Read More »Remittance drops 20pc in February
Staff Correspondent: The inflow of remittance from expatriate Bangladeshis dropped by around 20.29% in February to $1.56 billion compared to January earnings due to lower exchange rate.The country received $1.96 billion in remittances in January, according…
Read More »Tk227,566cr revised ADP allocation okayed
Staff Correspondent: The National Economic Council (NEC) has approved Tk227,566 crore revised Annual Development Programme (ADP) for the current fiscal year, downsizing the original ADP size by 7.51%.The revised ADP is slated to implement a total…
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