Third terminal of HSIA to be built at a cost of Tk 13,610cr

The Civil Aviation Authority of Bangladesh (CAAB) will build the third terminal of Hazrat Shahjalal International Airport (HSIA) at a cost of Tk 13,610…

35pc tanneries relocated to Savar from Hazaribagh

Industries Minister Amir Hossain Amu yesterday told Parliament that 35 per cent of tanneries have so far been shifted to Savar Tannery Estate from the city's Hazaribagh area, reports UNB. "Out of 154 tanneries that got plots at Savar Tannery Estate, 55 tanneries started the production of wet…

Policy soon to boost leather goods, footwear exports

The government has initiated a move to formulate a policy for the capacity-building of leather goods and footwear manufacturers to boost export, reports UNB. Officials at the Commerce Ministry said they have already drafted a policy taking into consideration the government's Vision 2021. It the…

VC firms want tax on fund managers scrapped

Venture capital (VC) firms yesterday urged the government to provide tax relief to the managers of the alternative investment funds. Lauding the government’s latest budgetary measures to remove the tax on alternative investment funds, they said the removal of the tax on the fund managers would…

Time to intensify action to end child labour: ILO

International Labour Organisation (ILO) Director-General Guy Ryder has called for intensifying joint action to accelerate progress towards ending all forms of child labour, reports UNB. "So, wherever you're in the world, join us in marking World Day Against Child Labour! There's no time…

Excise duty on bank accounts not new, says Mannan

State minister for finance and planning MA Mannan said excise duty on bank accounts is not new as it was there since 1947 and the rate of this duty was adjusted upward at different times, reports BSS. Addressing a discussion in the capital yesterday, the state minister said account holders having deposits…

JS body suggests submitting report on BSCIC bill 2016 before JS

The Parliamentary Standing Committee on the Ministry of Industry yesterday reviewed the Bangladesh Small and Cottage Industries Corporation (BSCIC) Bill-2016 and suggested to present final report on the bill before the Jatiya Sangsad after scrutinizing and amending some specific sections of the bill,…

Stocks open week downward

Stocks on the country's prime bourse opened the week yesterday downward trend as the border DSEX index of Dhaka Stock Exchange (DSE) closed the day with 20.57 points down at 5,455.17, reports BSS. The DS30 index, comprising the blue-chips, fell 4.74 points to finish at 2,032.28 and the DSE Shariah…

European mobile operators brace for end of roaming charges

AFP, PARIS: Long an important source of revenue for telecom companies, roaming charges will be lifted in Europe starting June 15, raising pressure on…

Boeing and Iran’s Aseman finalise $3b deal for 30 jets

AFP, TEHRAN: Iran's Aseman Airlines has finalised an agreement to buy 30 Boeing 737 MAX jets for $3.0 billion, the company said Saturday, with an option to buy 30 more. The deal, announced in April, was signed at a ceremony in Tehran and the first 30 planes are due for delivery between 2022 and…

Organisational behaviour: Postmortem vis-à-vis AAR

Generally speaking postmortem refers to an examination, investigation, or process that takes place after death. Postmortem is a medical term commonly…

US Fed to raise rates despite sluggish economic data

AFP, WASHINGTON: For the second time this year, the US central bank appears poised to raise interest rates despite fresh signs the world's largest economy is not in peak condition. The recent soft numbers on the economy may have weakened the case for an increase in the benchmark lending rate by…

9 new power plants to go into operation by 2017: Nasrul

State Minister for Power, Energy and Mineral Resources Nasrul Hamid yesterday told Parliament that nine under-construction power plants with the capacity of some 2,000 megawatts will go into operation within 2017, reports UNB. The nine power plants are now being implemented in both public sector and…

Ukrainians cheer on first day of visa-free EU travel

AFP, KIEV: Ukrainians were yesterday celebrating the first day of visa-free access to the European Union, with thousands crossing the border as President Petro Poroshenko proclaimed a dramatic "exit" from Moscow's grip. The move is symbolic for Kiev, where a pro-EU revolt in 2014 toppled…

Biman declares Eid offer, decides to operate extra flights

Biman Bangladesh airlines yesterday declared Eid offer by reducing its fare on domestic routes and decided to operate extra domestic flights to meet the demand of heavy passengers flow centering Eid holidays, reports BSS. The national flag carrier will operate one extra flight on Dhaka-Syedpur route…

NBR to provide services thru’ a2i’s digital centers

Access to Information (a2i) Programme under Prime Minister's Office and National Board of Revenue (NBR) have signed a Memorandum of Understanding (MoU) to deliver services to the citizens through Digital Center's located in Unions, Municipalities and City Corporations, reports UNB. Senior Secretary…

North Korea coal export sinks to zero after China import ban: UN

AFP, SEOUL: North Korea's global coal exports sunk to zero in April, UN data showed, as China choked off imports from Pyongyang to ramp up pressure on its nuclear-armed neighbour. China - the North's sole major ally and economic lifeline - announced in February a suspension of coal imports from…

Atomic Energy Commission Bill placed in parliament

A bill titled 'Bangladesh Atomic Energy Commission Bill, 2017' was placed in Parliament yesterday to update the version of the 'Bangladesh Atomic Commission Order, 1973' in Bangla. Science and Technology Minister Architect Yafesh Osman placed the Bill in the House and it was then sent…