Business

Biman accused of planes lease irregularities

Thu October 15, 2009 - 1:29am BdST

A parliamentary watchdog has alleged the Biman Bangladesh Airlines management had resorted to ‘irregularities’ in the tendering process for taking lease of two aircraft for Dhaka-New York routes. The parliamentary standing committee on civil aviation ministry at its meeting on Wednesday recommended cancelling the lease agreement with the company, Euro Atlantic, if Biman failed to resume Dhaka-New York route by Oct 26.

Japan keen to invest in software, textiles, pharma, mobile sectors

Wed October 14, 2009 - 7:46am BdST

Japanese entrepreneurs are interested to invest in various sectors including software, textile, pharmaceuticals and mobile sectors in Bangladesh. The newly appointed Japanese Ambassador to Bangladesh Tamutsu Shinotsuka said this yesterday during a meeting with Commerce Minister Mohammad Faruq Khan at the latter's secretariat office here.

FBCCI for Swiss investment in ICT, RMG, Pharma sectors

Wed October 14, 2009 - 7:01am BdST

President of Federation of Bangladesh Chambers of Commerce and Industry Annisul Huq has called upon the business community of Switzerland to invest in Bangladesh’s potential sectors especially ICT, RMG and Pharmaceuticals. The chief of the country’s apex trade body made this call while speaking at a meeting with business leaders of Switzerland at the conference room of Chamber of Commerce, Industry and Services of Geneva (CCISG) yesterday, said a FBCCI press release on Sunday.

Graft eating away stars

Wed October 14, 2009 - 2:50am BdST

Corruption allegations about renovation work of Pan Pacific Sonargaon Hotel in the capital remain ignored despite repeated whistle blowing for the last five years. Rather, the whistle blowers were removed from the board or management body of the five star hotel.

Apparel exporters put high hope on South Africa

Wed October 14, 2009 - 1:02am BdST

It is possible to increase exports Bangladeshi apparels to South Africa from $43 million to half a billion within two to three years subject to government efforts, said the president of Bangladesh Knitwear Manufacturers and Exporters Association. ‘A $500 million worth market for made-in-Bangladesh apparels is very much possible in South Africa in just two or three years,’ Fazlul Hoque told a group of reporters after returning from a fact finding and market promotion tour to South Africa and neighboring Botswana.

Anti-graft probes stumble on banks

Mon October 12, 2009 - 5:48am BdST

Inaccessibility of bank documents has rendered uncertain the fates of most cases of the Anti-Corruption Commission currently being enquired or investigated, dealing a serious blow to the commission's overall anti-corruption drive.

FBCCI delegation urges to French business community: Establish training institutes in Bangladesh to facilitate jobs for unemployed

Mon October 12, 2009 - 5:40am BdST

Visiting business leaders of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) called the business community of France for investment in the potential sectors of Bangladesh and set up joint ventures with the Bangladeshi companies. They also urged the French business people for establishing educational and vocational training institutes in Bangladesh to facilitate jobs for the unemployed people of the country.

Stimulus package for garment sector likely this month

Sun October 11, 2009 - 3:28pm BdST

Commerce Minister Faruk Khan today said the government is likely to announce a stimulus package for the garment sector this month. The minister said this while talking to reporters after inaugurating Centre of Export and Product Development (CEPD) at the BGMEA Institute of Fashion and Technology (BIFT) at Uttara this morning.

FICCI demands Saturday, Sunday holiday

Sat October 10, 2009 - 10:31pm BdST

The Foreign Investors Chamber of Commerce and Industry (FICCI) requested the government to declare weekend holiday on Saturday and Sunday instead of the present Friday-Saturday closure for making Bangladesh's trade and business with international markets faster and easier.

Postal service losing business

Sat October 10, 2009 - 6:14am BdST

The number of letters handled by the government post offices decreases by one crore a year—thanks to the fast-growing mobile telephony and Internet services that became the quickest and easiest mode of communication. As nations around the world observe the World Postal Day on Friday, designated since 1874 to underline the importance of mail service, many kept wondering whether it would survive as an indispensible communication utility.