Cost and time overruns in procurement of 35 ships and ancillary works cost public exchequer a king's ransom -- an additional Tk 5.19 billion -- and the buys still remained unfinished. Sources said Thursday the scheduled time was four years and the approved cost Tk 13.19 billion. But, apart from the
Business
SJIBPLC signed deal with SME Foundation
The SME Foundation and Shahjalal Islami Bank PLC (SJIBPLC) signed an agreement to distribute investments under easy terms to entrepreneurs, including cluster, clientele, and association members, as well as women entrepreneurs in the production and service sectors across the country from the "Revolving Fund" provided by the government under the
realme C65 pre-book campaign winner gets Tk 1 lakh
Youth favourite smartphone brand realme has awarded the lucky winner of pre-book realme C65 campaign with BDT 1 lakh. Mohammad Azizul Hakim Sami became the lucky winner of the irresistible opportunity to win BDT 1 lakh in an exciting lottery upon purchasing the acclaimed realme C65 device. Darren Zhang, Branding Director,
IPDC Finance PLC. Honored with Prestigious Award
IPDC Finance PLC. has been jointly awarded with a partner RMG corporation for the latter’s establishment of a Biological Effluent Treatment Plant (ETP) with support from IPDC’s financing under the "Program to Support Safety Retrofits and Environmental Upgrades in the Bangladeshi Ready-Made Garments (RMG) Sector Project," in short SREUP. This
Huawei launches Wi-Fi 7 in Bangladesh
Huawei has launched a range of Wi-Fi 7 Access Point (AP) products in Bangladesh. This is the first launch of APs under Wi-Fi 7 in Bangladesh. These products are capable of delivering best features to businesses of all sizes to achieve maximum connectivity with seamless network flow. At an event recently
GPStars to enjoy exclusive Eid privileges
Grameenphone, prioritizing customer demand nationwide, is currently providing exclusive GPStar rewards at 8,000 partner outlets across various categories. Just in time for Eid-ul-Adha, these rewards are designed to make the occasion even more special for Grameenphone’s GPStar customers. This significant milestone allows Grameenphone to offer loyal customers a broader range
MV Jahan-1 becomes 100th Bangladeshi flagged ship
The red-green Bangladeshi flag carrier Ocean Going is the 100th commercial ship 'MV Jahan-1'. Victory Nishan will fly from one port of the world to another as a goodwill ambassador. Currently, the vessel, which is at Chittagong Port's outer anchorage, is owned by KSRM Group's SR Shipping. On Wednesday (June 12),
Agritech startups Fashol and SAFE open farmers’ centers
Agritech startup Fashol Dotcom Limited and SAFE have collaborated to establish three Farmers' Centers in the Barendra region, notably in Natore, Rajshahi, and Bogura districts, to address the challenges farmers encounter when selling their produce. The Fashol Farmers' Centers were opened last Monday in the presence of nearly 300 farmers.
SCB holds discussion with BIDA
Standard Chartered Bangladesh (SCB), the Embassy of the Republic of Korea to Bangladesh, Bangladesh Investment Development Authority (BIDA), Bangladesh Bank, and Korea-Bangladesh Chamber of Commerce & Industries (KBCCI) recently organised a dialogue on the topic “Thrive in Bangladesh: Actionable insights and solutions for Korean businesses.” The event brought senior stakeholders from
Economists call for budget cuts, central bank tightening
The government should re-examine its budget to trim the outlay by Tk 500 billion through expenditure-plan adjustments. Administrative costs, subsidies and other government spending could be reduced, while bank borrowing should be limited to less than Tk 900 billion, according to economist Dr Ahsan H Mansur. Dr Mansur, executive director of