BGMEA President seeks WB support for development of RMG industry

The delegation included Martin Raiser, Vice President, South Asia Region, Abdoulaye Sek, Country Director for Bangladesh and Bhutan; Dandan Chen, Operations Manager for Bangladesh and Bhutan; Yutaka Yoshino, Chief Economist, Martin Holtmann, Country Manager, IFC Bangladesh; Elena Karban, Manager, External Communications; Barbara Weber, Senior Operations Officer, Office of Country Directors; and Mahreen Mahboob, senior foreign […]

Production halted suddenly after ‘explosion’ at Jamuna Fertilizer factory

According to JFCL, the factory’s ammonia plant has been facing a number of issues recently including excessive nitrogen wastage in the NG booster compressor. The authorities informed Ingersoll Rand (India) Limited, an international air and gas compressor manufacturing company, to procure and replace the NG booster. Later, the company sent a three-member team to inspect […]

DPE recommends disbursement of primary stipend through Nagad

The Directorate of Primary Education (DPE) has recommended that stipends be distributed among primary school students in the current financial year (2022-23) through Nagad, a mobile financial service provider of the Bangladesh Postal Department, reports BSS. In a recent letter to the Secretary, Ministry of Primary and Mass Education, DPE requested disbursement of primary stipend […]

Most of the accused are businessmen and bankers.

Of the 752 money laundering cases, 506 involved businessmen, bankers and persons from other professions. As per Prothom Allo’s investigation, businessmen as well as 142 officials of various financial institutions, including four state-owned banks and 23 private banks, have been named as accused in such cases. These include 5 presidents, 5 managing directors, 4 general […]