• Wednesday, October 22, 2014

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Bangladesh

Eid festivals clock up Tk 92,820cr in retail sales

Bangladesh recorded retail sales of $10-12 billion (Tk 77,350-92,820 crore) during the last two Eid festivals, which took place within a span of three months, according to the World Bank. Consumer confidence was buoyed by a stable political climate, said Zahid Hussain, a lead economist for the WB. “This will contribute to the GDP,” he said while making a presentation on the country's economy yesterday. Combined retail sales during the last two religious festivals were equivalent to at least 10 percent of...

WB stresses continuous efforts to reform garment sector

WB stresses continuous efforts to reform garment sector

Bangladesh must continue its efforts to reform the garment industry to boost higher exports, World Bank said yesterday. “Progress in improving workplace compliance is on track but more needs to be done in order to fulfil the commitment of raising it to international standards,” WB said in a report, Bangladesh Development Update. The government has...

Rice prices edge up despite higher output

Rice prices edge up despite higher output

Rice prices have edged up, even though farmers bagged higher outputs in the last boro season. But the spiral is seasonal as crop stocks from the previous harvests are depleting, millers claimed. Retail prices of the fine grain, which sold at Tk 40-56 for a kilogram a week ago, rose 1.04 percent to Tk 40-57...

Insight

Karam Puja celebrated in Thakurgaon

Karam Puja celebrated in Thakurgaon

Karam Puja, a major festival of the Orao community, inhabitants of the northern districts of Bangladesh, was celebrated last Wednesday and Thursday in Thakurgaon district. To celebrate the festival Thakurgaon Karam Utshab Udjapan Committee organized different programs including discussions, cultural functions and offering puja. On the night of Wednesday, 17th September, Deputy Commissioner of Thakurgaon,...

Good infrastructure key to higher growth

Good infrastructure key to higher growth

It will not be possible for Bangladesh to achieve seven percent GDP growth without upgrading the road network and other infrastructure, according to a World Bank report. If Bangladesh wants to get out of the six-percent growth trap, it has to implement quickly key projects like Dhaka-Chittagong and Dhaka-Mymensingh highways, Zahid Hussain, lead economist at the WB's Dhaka office, said at the launching of Bangladesh Development Update yesterday. He also stressed the need for quick implementation of other protects such as upgrading of Dhaka-Chittagong railway line into double track, Dhaka Metro Rail, the Padma Bridge project and two power plants at Bibiyana. Mentioning the sorry state of highways and roads, the WB...

Deploy Ebola monitoring teams at entry points: HC

Deploy Ebola monitoring teams at entry points: HC

The High Court today ordered the government to deploy monitoring and medical teams at all international airports, sea ports and land border to identify incoming Ebola infected persons and treat them, if there is any, at designated hospitals. In response to a writ petition, the court also asked the government to immediately collect necessary...

Form PM-led committee to address road safety: Ilias Kanchan

Form PM-led committee to address road safety: Ilias Kanchan

Film star and Nirapad Sarak Chai Chairman Ilias Kanchan urged the government to form a high-powered committee led by Prime Minister Sheikh Hasina for ensuring road safety across the country. The committee will coordinate among the activities taken by different concerned ministries to this end, Kanchan said. He came up with the demands at a...

ACC to scrutinise 9 officials’ FF certificates

ACC to scrutinise 9 officials’ FF certificates

  The Anti-Corruption Commission will scrutinise freedom fighter certificates of its nine officials including a director general in the wake of forgery by the government officials in obtaining the certificates. The anti-graft watchdog came up with the decision yesterday at a regular meeting at ACC office in Dhaka in response to an instruction from Ministry...

SC lawyer summoned for 'misleading media'

SC lawyer summoned for 'misleading media'

A Supreme Court lawyer has been summoned to appear before the High Court on Sunday for giving misinformation to media on its order about measures to prevent Ebola contamination. The HC bench of Justice Naima Haider and Justice Bhabani Prasad Sinha today directed Akond to appear before it at 10:30am Sunday (October 26) to...

Istaique Ahmad new Petrobangla chairman

Istaique Ahmad new Petrobangla chairman

The government today appointed cabinet division Additional Secretary Istiaque Ahmad as the chairman of state-run oil corporation Petrobangla. The public administration ministry floated an order in this regard this afternoon announcing that the appointment will come into effect immediately. Ahmad came as a successor to Professor Hossain Monsur who was made chairman of Petrobangla in August 2010.

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