The government will cancel the Expression of Interest (EoI) invited earlier for setting up a 85MW naphtha-fired power plant due to higher tariff proposal and concerns over health risks, an official said. The Power Division on March, 2013, invited the EoI for the power project ignoring a technical committee report that suggested the government for not moving ahead with the project as it was health hazardous. But the EoI was invited with the instruction of the then state minister for power Muhammed Enamul Huq, it was learnt. Acorn Infrastructure Services Limited, a local company that also implemented the 100MW HFO-based Jhulda power project, was the single bidder. The company proposed to supply... more ›
Experts at a views exchange meeting on Monday called upon the government not to drop women-friendly development projects in the budget of the next fiscal (2014-2015) in the name of funding Padma Bridge project. They also urged the government to keep the Women Development Policy in consideration while preparing the next budget. The views exchange meeting styled ‘Budget for Women Empowerment’ was held at the CIRDAP auditorium in the capital on Monday. Unnayan Shomunnoy, a non-government organization in association with USAID, The Asia Foundation and UKaid arranged the views exchange meeting ahead of the coming budget for... more ›
Share prices on the Dhaka Stock Exchange (DSE) fell on Monday amid thin trading as most of the investors went on selling spree to book profits. The turnover on the premier bourse fell to Tk 4.02 billion, down by 21.32 percent from the previous session’s value of Tk 5.11 billion. The broader DSE All Shares Price Index, DSEX plunged 21.63 points or 0.46 percent to end at 4,665.57 while the DS-30 index for blue chips stocks shed 4.07 points or 0.24 percent to close at 1,681.25 points. DSES, a Shariah-based index, lost 6.87 points or 0.67 percent to finish at 1,012.75. Of the total issues traded, 115 advanced, 136 declined and... more ›
The country’s export performance during the first eight months (July-February) of the current fiscal saw a 2.17 percent growth over the target set for the period. Though the country has experienced a positive growth during the said period, it failed to meet the target set for the month of February, 2014, data from Export Promotion Bureau (EPB) said. The country during the first eight months of the current fiscal was set to bring $19.4 billion while it brought $19.82 billion, marking a 2.17 percent growth. On the month of February, the country was set to bring $2.48 billion while it brought $2.38 billion, leaving a 3.76 percent shortfall. Studying the EPB data,... more ›
FBCCI President Kazi Akram Uddin Ahmed requested the entrepreneurs of the United Arab Emirates (UAE) for increasing investment in Bangladesh and also simplifying visa process for Bangladeshi businessmen. He also urged the UAE entrepreneurs to import efficient and non-skill manpower from Bangladesh. Kazi Akram Uddin Ahmed made the call while exchanging views with Saeed bin Hajar Al Shehi, Ambassador of the UAE to Bangladesh, at FBCCI office in Dhaka on Monday. Monowara Hakim Ali, first vice-president, FBCCI, among others, were present at the meeting. Saeed bin Hajar Al Shehi said the UAE is very much interested to increase the bilateral trade relations with Bangladesh. He said the UAE will take steps to... more ›
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