Bangladesh

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There have been many cases of import/export regulation violations where the concerned businessmen could not be traced. To avoid such discrepancies, exporters and importers would have to be members of related trade bodies to carry on with their business. Faruk Khan, commerce minister has said that businessmen will not be allowed to export or import unless they were members of related trade bodies. He said that the draft of Trade Organisation Act, which will be finalized by the start of next year, will include this provision. The minister was speaking to reporters following a visit by the outgoing European Union ambassador Stefan Frowein on Wednesday. He said that work was ongoing to implement and finalise the draft of the 'Trade Organisation Act.' The minister said that a copy of the draft has been provided to the apex trade body, Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and opinions of all related parties will be considered before the Act was fi...

APEXTANRY News:    The company has informed that the Board of Directors of the company has decided to purchase 56,945 additional ordinary shares of CDBL at a cost of Tk. 34,16,700.00 (at rate of Tk.60.00 per share including premium of Tk. 50.00 per share). METROSPIN News:    Al-Haj Abdul Ali and Mr. Mohd. Ferdous Kawser Masud, both are Sponsors/Directors of the company, have further reported that they have completed their sale of 5,99,100 and 5,36,400 shares respectively at prevailing market price through Stock Exchange as announced earlier. BDFINANCE News:    (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2010 (July'10 to Sep'10), the company has reported net profit after tax of Tk. 65.09 million with EPS of Tk. 14.78 as against Tk. 0.27 million and Tk. 0.06 (restated) respectively for the same period of the previous year. It is to be noted that income from investment in securities was Tk. 72.87 m...

A proposal concerning the issue has already been sent to prime minister Sheikh Hasina, civil aviation secretary Shafique Alam Mehedi told on Monday. "The cell will be formed as soon as the prime minister approves the proposal," he said. Airport Planning & Management The civil aviation ministry has proposed formation of a cell to speed up the construction of Bangabandhu Sheikh Mujib International Airport. Ministry officials preferring not to be named said that the civil aviation authorities were thinking of building the new airport close to Dhaka. It will be built on about 6,000 acres according to the sources. The civil aviation has initially selected three sites — two in Madhupur, Tangail and one in Mymensingh's Trishal. The airport will start operations with two runways at the beginning but there will be sufficient space to make a third one. The budget for this airport, including expenses for constructing an elevated expressway between Dhaka and the airport and a ...