http://www.thedailystar.net/newDesign/news-details.php?nid=117226
Rahimafrooz to get EBL fund for solar panel plant
Star Business Report
Rahimafrooz Renewable Energy Ltd (RREL) yesterday sealed a loan deal with Eastern Bank Ltd (EBL) to set up a solar panel assembling plant to tap the growing demand for green energy at home and abroad.
The 12MW PV (photovoltaic) solar panel assembling venture, the first of its kind in Bangladesh, will require an estimated investment of Tk 29 crore of... Read Full Story
http://www.newagebd.com/2009/dec/11/busi.html#4
Citibank to raise first-ever syndicated SME financing
Business Desk
Citibank, NA, in Bangladesh on Thursday announced that it had been mandated for raise the country’s first-ever syndicated facility of up to Tk 2 billion [$29 million] to provide financing for small-and medium enterprises.
This local currency facility will be to BURO, a leading microfinance institution and SME financing NGO (non-government organisation) in Bangladesh... Read Full Story
http://www.thedailystar.net/newDesign/news-details.php?nid=116882
Dhaka-Ctg highway to turn into 4 lanes
Tk 1,655 crore project to complete in 3 years
Star Report
The cabinet purchase committee yesterday finally approved a proposal to award contracts to three bidders to turn the Dhaka-Chittagong highway into four lanes from two lanes after four years of procedural hurdles and two failed tenders.
The approval was made at a committee meeting presided over by Finance Minister AMA Muhith... Read Full Story
http://nation.ittefaq.com/issues/2009/12/08/news0248.htm
Govt starts mega education project worth Tk 681 cr
BSS, Dhaka
The government has started a five-year mega project at both public and private universities aiming at extending internet connectivity, modernizing library and increasing teachers training and researches facilities.
The project styled ‘Higher Education Quality Enhancement Project’ is being implemented by University Grants Commission (UGC) from May this year at a cost... Read Full Story
http://nation.ittefaq.com/issues/2009/12/11/news0456.htm
Industrial policy in Jan
Staff Reporter
The government is contemplating to announce Industry Policy-2009 in January permitting privatization of state-owned sick industries with strong support for flourishing a vibrant private sector in the country.
Industries Minister Dilip Barua yesterday apprised reporters of the salient features of the newly formulated policy for the sector as its final draft is ready.
“The Government will... Read Full Story
http://www.thedailystar.net/newDesign/news-details.php?nid=116693
Tourism on a roll as funds pour in
A view of Padma Resort, located in a shoal on the mighty river. Over the last five years, new investors have entered the tourism sector with a lot of funds. The private sector has emerged as the driver of the hospitality industry in Bangladesh. Photo: STAR
Sayeda Akter
The hospitality industry witnessed rapid growth, receiving Tk 5,000 crore in 2005-2009, said the civil aviation and... Read Full Story
http://www.newagebd.com/2009/dec/06/front.html#15
Govt for road, rail links with China through Kunming
United News of Bangladesh . Dhaka
The government is taking initiative to establish road and rail communications between Bangladesh and China through Kunming for trans-border transportation between the two countries.
The communications minister, Syed Abul Hossain, who is on a five-member delegation of the ruling Awami League now visiting China, proposed the road and railway links... Read Full Story
http://www.thedailystar.net/newDesign/news-details.php?nid=117106
E-money order on the cards
Rashidul Hasan
Bangladesh Post Office is going to introduce postal cash card (e-money order) system through which people, across the country even in the remotest areas, will be able to send and receive money through mobile phone.
The e-money order will be introduced within the next year. As a pilot project it will be launched in Comilla in January.
Hasanul Haq Inu, chairman of parliamentary... Read Full Story
http://www.thedailystar.net/newDesign/news-details.php?nid=116981
HSBC launches first taka-dollar derivative
Star Business Report
HSBC has launched the first taka-dollar option in Bangladesh to help customers manage the risks of future foreign exchange in a volatile market.
The foreign bank has already transacted two US dollar-taka options for Viyellatex, one of the largest garment exporters, and Coats Bangladesh, a leading supplier of yarn and raw materials.
This derivative helps... Read Full Story
http://www.thedailystar.net/newDesign/news-details.php?nid=115588
Tk 1,000 crore extra stimulus for export
Govt announces the package to help the sector offset global meltdown fallout
Staff Correspondent
The government yesterday announced a series of additional fiscal and policy stimulus packages worth over Tk 1,000 crore for export sectors to offset bad impacts of global recession from the domestic economy.
The facilities the exporters are enjoying at present will continue as usual... Read Full Story
