Sonali Bank mulls differently

October 9, 2012

Tk 3,606cr Recovery
Sonali Bank mulls differently
Wary of legal implications for forged papers used in Hall-Mark loan
The Sonali Bank is looking for ways to get back around Tk 3,600 crore it lent to Hall-Mark and five other companies on false documents as the repayment has become uncertain.
The state-run bank now wants the six companies to sign stamps admitting the liabilities.
“The repayment largely depends on the willingness of the borrowers. Dishonest Read more

Tanvir on 29-day remand

October 9, 2012

Arms case filed against the Hall-Mark boss
Tanvir Mahmud, managing director of Hall-Mark Group of Industries, and Tushar Ahmed, general manager of the company, were each placed on a 24-day remand in three cases over the Sonali Bank loan scam yesterday. The Hall-Mark MD was also placed on an additional five days’ remand in an arms case.
The Metropolitan Magistrate’s Court of Dhaka passed the orders upon petitions by Read more

Metro rail project to get underway

October 9, 2012

Ministry expects no further delay, hopes to finish by 2019
The metro rail project has finally gathered momentum after nearly three-year delay over change of route with the government deciding to appoint a consultant to prepare a detailed design of the metro rail from Uttara third phase to Motijheel.
Several international companies that have been short-listed for the job now await the Read more

Robi opens new unit to run towers efficiently

October 9, 2012

Mobile operator Robi Axiata has set up a new concern to provide support to its back-up equipment as part of its efforts to improve the overall quality of its service, an official said yesterday.
“We have more than 8,392 base transceiver stations across the country. It is not possible to maintain them without any dedicated division,” said Mohiuddin Babar, Robi’s Read more

Tourism fair begins Thursday

October 9, 2012

The government needs to act fast to ensure rapid growth in domestic tourism with better services and road communication, said an association of the tour operators yesterday.
“The number of domestic tourists is increasing at 10 percent a year. Now the government should provide them with better accommodation, security, Read more

First Bangladesh made warship launched

October 9, 2012

The first-ever warship built by Bangladesh was launched by Foreign Minister Dipu Moni through a ceremony at Khulna Shipyard yesterday.
The warship, categorised as a patrol boat, was built by Khulna Shipyard at a cost of Tk 58 crore and will be handed over to Bangladesh Read more

Nadir Shah in fixing scandal

October 9, 2012

Well-known Bangladesh ICC panel umpire Nadir Shah has been plunged into controversy after Indian television channel India TV conducted a sting operation
that has revealed that six umpires from Bangladesh, Pakistan and Sri Lanka, Shah among them, were willing to give wrong decisions during a game Read more

Hall-Mark MD arrested after daylong drive

October 8, 2012

Sonali Loan Scam
Hall-Mark MD arrested after daylong drive
Tanvir Mahmud, managing director of Hall-Mark Group, and another top official of the controversial firm, were nabbed by the Rapid Action Battalion last night in the
capital’s Pallabi in connection with the Sonali Bank loan scam.
The other official is Tushar Ahmed, general manager (commercial), also husband of Read more

Heritage, treasures all burnt

October 8, 2012

Sectarian violence at Ramu
Heritage, treasures all burnt
Buddha relics, several hundred statues of the Buddha, hundreds of ancient manuscripts and religious scriptures, mostly dating back to the 11th to the 12th century and
about 5,000 copies of the Tripitaka in different languages were either burnt or looted during sectarian attack by the Muslims on the Buddhists at Read more

Stop polluting Dhaka rivers

October 8, 2012

Task force gives 2-month time to plug sewage lines
The Inter-ministerial Task Force on rivers has served on the capital’s house owners a two-month ultimatum to stop discharging excreta into
the river and to make their own septic tanks.
At present a large number of house owners link their sewage lines with the storm sewerage Read more

58pc children still need basic services

October 8, 2012

13 percent engaged in child labour
Bangladesh made significant progress in promoting child rights during the last five years but around 58 percent children are still deprived of one of six basic
services, says a government draft report.
The draft of the Fifth Periodic Report on child rights labels shelter, sanitation, water, Read more

3 Bangladeshi farmers injured in BSF firing

October 8, 2012

Three Bangladeshi farmers suffered serious injuries shot at by Indian Border Security Force troops at Chakpara frontier in Shibganj upazila on Sunday morning.
The farmers Setabul Islam, 45, his brother Abu Sayem, 30, and Saidur Rahman, 32, were irrigating their crop fields near border pillar no 182/3 at Read more

Profit-taking sends stocks slipping for third day

October 8, 2012

Stocks slid for the third day in a row as investors continued with their selling spree to pocket profits.
DGEN, the benchmark General Index of Dhaka Stock Exchange, finished the day with 4,542.64 points, after declining 103.43 points or 2.22 percent.
The day, however, started on a positive note, with the market gaining 44 points in the Read more

Jamuna Future Park to open soon

October 8, 2012

Jamuna Future Park, one of the world’s largest shopping mall, is going to open soon beside Baridhara Diplomatic Zone in the capital, according to a statement yesterday.
There is an allotment of 120 bighas of land for the Jamuna Future Park Complex, 33 bigha of which is being used to build the Read more

Unregistered SIMS banned from Friday

October 8, 2012

Mobile operators will not be able to sell pre-activated connections from Friday as the telecom regulator introduced a raft of measures to tighten the registration process to fight crimes committed using cellphones.
Bangladesh Telecommunication Regulatory Commission (BTRC) said mobile operators would have to stop purchase and sales of all kinds of pre-activated SIM (subscriber identity module) and Read more

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