Feb 24
Daily News Head Line
Assam minister flags off Guwahati-Dhaka bus service PDF Print E-mail

Assam's PWD Minister Ajanta Neog flagged off trial run of Guwahati-Dhaka bus service on Wednesday. The 32-seater air-conditioned bus of Assam State Transport Corporation carrying a joint delegation of officials of India and Bangladesh left Guwahati’s Inter State Bus Terminus for Dawki on Meghalaya-Bangladesh border to cover the 196-km Indian leg of the journey. From Dawki border, the delegation will be transshipped to a bus from Bangladesh to cover remaining 300-km journey to Dhaka via Sylhet. Neog flagged off the bus service in presence of senior officials from Bangladesh and India’s Meghalaya and Assam states. Assam’s minister Neog said

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Standard Chartered face US scrutiny PDF Print E-mail

The management of Standard Chartered is facing renewed pressure after being placed under fresh scrutiny by US regulators.

Two years after being fined more than £400m for breaching US sanctions towards Iran, the bank revealed that a two-year deferred prosecution agreement (DPA) that was imposed at the time was being extended for three years.

The US authorities are now investigating whether Standard Chartered breached its sanctions rules beyond 2007, the period when the previous offences for which the bank was penalised took place.

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MTB inks Payroll Banking Agreement with Energypac Electronics PDF Print E-mail

Mutual Trust Bank Limited (MTB) recently signed an agreement with Energypac Electronics Limited for providing exclusive Payroll Banking solutions to the employees of Energypac Electronics Limited.

Engineer Nurul Akhter, Chief Executive Officer & Director, Energypac Electronics Limited and Syed Rafiqul Haq, Deputy Managing Director & Chief Business Officer of MTB, signed the agreement on behalf of their respective organizations through a simple ceremony held at MTB Corporate Head Office. Ahmed S. Anowar, Chief

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Germany signs Partnership for Sustainable Textiles PDF Print E-mail

German Parliamentary State Secretary to the Federal Minister for Economic Cooperation and Development Hans-Joachim Fuchtel has said they have already invested 10 million euro in the ‘Partnership for Sustainable Textiles’ and promised additional funds of 6 million euro in Bancladesh.

“We strongly believe that these good examples will be followed by many more soon,” he said during a signing ceremony in the city, said a media release issued by German Embassy in Dhaka Monday.

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Japanese recession worse than thought Print E-mail
Written by Administrator   

Japan’s economy contracted 1.9% in annual terms in the July-September period, according to revised data released on Monday that confirmed a recession in the world’s third-largest economy ahead of an election on Sunday.

Data for both business and public spending were worse than anticipated. Most economists had forecast an upward revision of earlier figures showing a 1.6% contraction.

On a quarterly basis, the economy shrank 0.5%. The earlier estimate was that it had fallen 0.4%. In the April-June quarter, the economy contracted 7.3%.

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