Sep 19
Daily News Head Line
Growers to get quality jute for heavy rains PDF Print E-mail

Farmers are set to get better quality jute this harvesting season as water availability from increased rainfall will facilitate proper retting, said agriculturists and jute industry executives.

Retting is the process of extracting fibres from tied bundles of jute stalks. There are four available retting processes and one of them is the water or microbial retting, a century-old but the most popular process in extracting fine fibres.

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Losses pile up amid port congestion PDF Print E-mail

It took 29 days before bulk carrier Gao Qiang got its turn to offload scrap steel at Chittagong Port on June 22.

This includes time taken to find enough lighters to lessen its 37,564 tonne-cargo at the outer anchorage in order to attain the draft permissible on the Karnaphauli channel.

The importer, BSRM Group, had to pay over Tk 2 crore as demurrage to the shipping company.

Over Tk 1 crore also had to be paid as demurrage to the 17 lighters which had to wait for berth at the lone jetty in Sadarghat designated for offloading scraps from small vessels.

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Home loans rise on falling interest: study PDF Print E-mail

Bangladesh's banking sector has been seeing a surge in home loans for the last two years due to single digit interest rate and an increase in per capita income.

As of June last year, total outstanding home loans from banks and financial institutions stood at Tk 56,290 crore, which was 9.1 percent of total credit to the private sector, according to a study.

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Operators add 1.74cr new users in 9 months PDF Print E-mail

Mobile phone operators added 1.74 crore new connections in the nine months to May this year.

Market leader Grameenphone added 65.62 lakh new customers to its network during the period, which is 37.68 percent of the new connections added. Robi added 76.36 lakh or 43.27 percent of the new customers, the highest among all operators, thanks to its merger with Airtel and introduction of attractive data and voice services.

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Telcos to spend Tk 22,600cr on 4G services PDF Print E-mail

Private mobile operators are seeing no way of getting back within the first three years a “substantial” return of the over Tk 22,600 crore they will need to invest to roll out 4G services in Bangladesh.

And their estimate has not even taken into account the spectrum charge.

They say high spectrum charges and tax and low 4G device penetration and data price rates are to blame.

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