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Dr. Atiur resigned voluntarily, with moral responsibility, high head

Dr. atiar
Atiur Rahman talks to journalists after stepping down as Bangladesh Bank governor at his official residence in the city’s Gulshan yesterday. Photo: Sk Enamul Haq PM terms Atiur’s resignation a bold decision; 6 other central bank officials face removal; Hasina was informed on March 1 about the theft. Setting a rare example, Atiur Rahman stepped down as Bangladesh Bank governor yesterday amid strong criticism over his handling of the $101 million cyber theft. Following huge pressure from the government, Atiur tendered his resignation …Read More>>

DOC (day-old-chicks) prices climb as poultry biggies forge alliance

day old chicks
Chicken meat becomes costlier Prices of day-old-chicks (DOCs) increased by 100-140 per cent in the last three months making chicken meat costlier, poultry farmers and traders said. Sector-insiders blamed syndication of giant poultry farms for the hike, which hurts both consumers and poultry farmers. DOC prices swelled to Tk 65-70 per piece (broiler) and Tk 105-110  per piece (layer) in February-March from Tk 30-35 and Tk 40-45 per piece respectively three months back, according to poultry farmers in Tangail, Mymensingh, Gazipur, …Read More>>

Fund crisis hits agro-based projects under EEF

Fund Crisis
Shortage of fund is hindering the operational activities of Equity and Entrepreneurship Fund (EEF) for agro-processing projects as nearly Tk 20 billion is badly needed for the sector, officials concerned said. Currently, some Tk 19.53 billion is urgently needed for the agro-based projects. Bangladesh Bank (BB) and Investment Corporation of Bangladesh (ICB) have contributed only Tk 1.60 billion to EEF for agro projects, they added. But funds for information and communication technology (ICT) sector remain unutilised due to lack of adequate …Read More>>

Indias micromax once a rising star struggles

Micromax Mobile
MUMBAI – A year ago, Micromax vaulted past Samsung Electronics Co Ltd to become India’s leading smartphone brand. Today, its market share has nearly halved, several top executives have resigned, and the company is looking for growth outside India. In Micromax’s slide to second place is a tale of the promise and peril of India’s booming but hyper-competitive smartphone industry. India is the world’s fastest-growing smartphone market. Shipments of smartphones jumped 29 percent to 103 million units last year. Rapid growth has helped …Read More>>

Chinas electric cars sales to double in-2016:minister

China Car
BEIJING (Reuters) – China’s production and sale of electric cars will more than double this year, the industry minister said on Sunday. More than 300,000 electric cars were sold in China last year, Miao Wei, the head of the Ministry of Industry and Information Technology told reporters on the sidelines of the annual meeting of parliament on Sunday. The reliability, mileage and lifespan of electric batteries needs improvement and China needs to speed up the installation of electric car charging stations. Source: …Read More>>

$100m Bangladesh stolen money: 6 Philippines nationals probed

Bangladesh Money
Manila, Philippines (BBN)-The Anti-Money Laundering Council (AMLC) of Philippines is investigating six persons for possible involvement in a cross-border electronic fraud and money-laundering scheme in which$81 million of Bangladesh Bank slipped through the cracks of the Philippine financial system, reports Inquirer.net. Five of them own bank accounts in Rizal Commercial Banking Corp (RCBC), which were the same ones used by what is believed to be an international syndicate to move money—stolen by computer hackers from the US account of the central …Read More>>


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