|
|
|||
|
|
|||
|
|
|||
|
|||
|
|
|||
|
| Home | |
|||
|
|
|||
|
Business & Finance News Sunday, March 10, 2002 Compiled by SDNP Head lines Works of Tk 220 cr PDB projects progressing fast in Greater Rajshahi The Independent RAJSHAHI, Mar 9: The construction work of the Greater Rajshahi Electricity Supply Project (Phase 2) with an involvement of Taka 220 crore was progressing fast, official sources said today, BSS . While talking to BSS, the concerned officials said the project had been undertaken in the 1993 94 financial year with a view to supply electricity in the areas of Rajshahi City Corporation (RCC), Natore Pourasabha, Naogaon Pourasabha, Chapainawabgani Pourasabha and their respective adjoining areas smoothly. Local office of Power Development Board (PDB) is implementing the project. In the first phase, Indian credit worth Taka 22 crore was received during the 1995 96 fiscal year to implement the works of seven 33/11 KV sub stations and one 132/33 KV /25/33 MVA substations. Two new substations are being constricted at Rajshahi Airport and Pathanpara area in the town while two more substations at Katakhali and Shibagan areas in the city are being renovated. In Chapainawabganj Pourasabha, a new substation is being built at Battalahat area while that of the Huzrapur is being renovated. A new substation is being constructed at Naogaon bus terminal area. The work of two substations has already been completed and they were functioning while 90 per cent works of the rest five were finished, sources said. Another new 132/33 KV/25/33 MVA sub station was built and it has been operating since February 10 last at Katakhali area in the town. Some other major works under the same project will be implemented with the financial loan from the government of Kuwait. Two necessary agreements one between the Kuwait Government and the Government of Bangladesh (GOB) involving US dollar 18 million and the other between the GOB and PDB have already been signed for implementing the work. The implementation work is expected to start within the next few months after completing necessary formalities. The scheduled works included construction of a 56 kilometer long Ishwardi Rajshahi 132 KV electricity line, five more 13/11 KV sub stations in the project areas, 10 kilometer long 33/11 KV electricity supply line 907,42 kilometer long 11/0,4 KV and 0.4 KV new supply line, setting up of a 2485 meter long 3 phase energy meter and Very High Frequency (VHP) communication system. Total work of the project is scheduled to be finished within June 2003. Officials said after completion, the present system of electricity supply would be developed and the supply of electricity would be ensured in the project areas until the year about 2010, sources expected. Emirates' new services to Casablanca begins Mar 31 by Economic Reporter, The Independent Morocco had a tantalising glimpse of Dubai recently when Emirates took its roadshow to main cities in anticipation of its new services to Casablanca from March 31, says a press release. In presentations illustrated by stunning videos and slides, Emirates' officials showcased Dubai's development as the leading commercial centre of the Middle East and discussed the airline's products and services with travel agents in the Moroccan capital, Rabat, and in Casablanca, considered the country's commercial capital. The Moroccan travel community was also advised on Emirates Holidays, Skywards, its frequent flyer programme, and the airline's visa application facilities. Speaking at a press conference in Casablanca, Ghaith Al Ghaith, Emirates' Commercial Operations Director, said: 'Emirates is grateful to the Moroccan aviation authorities for allowing us to operate flights between Casablanca and Dubai. As our first ever operation in North Africa, this new service is a milestone in our expansion. "Our flights will connect Casablanca, via Dubai, to our comprehensive network of destinations throughout the Middle East, the Indian subcontinent, the Far East and Australia, in addition to providing those destinations with the best connections to Casablanca. "Emirates is committed to working closely with the Moroccan Tourist Authority to promote the country throughout our network. We aim to put all our resources into attracting more traffic to the region for both business and leisure, forging even closer ties between Morocco and the UAE than ever before." Flying three times a week between Dubai and Casablanca, Emirates will operate an Airbus A330 200 aircraft on the route, with a three cabin service of 18 First, 42 Business and 183 Economy Class seats, Every Sunday, Wednesday and Friday, EK751 will depart from Dubai at 0805 in the early morning, touching down in Casablanca in time for lunch at 1300, with a flight time of eight hours, 55 minutes. EK752 will leave Casablanca in the afternoon at 1435 on the same days, arriving in Dubai at 0215 the following morning, with a flight time of seven hours, 40 minutes. All times are local. Poll fever grips Dhaka Stock Exchange by Dwijendra Nath Saha, The Independent Election fever has gripped the Dhaka Stock Exchange (DSE) as the poll date to elect four councillors nears. Seven members of the DSE are in the race for four councillor posts of the DSE Council, the apex body of the bourse. The campaigning is getting momentum at a time when transactions at the bourse has increased a bit over the last few days compared with the last couple of months. The DSE Club has become the focal point for the election campaign. The candidates are trying to win over the voters at the Club particularly during the lunchtime, when most of the members go there for their lunch. This continues till evening even after trading ends at 2:30. The candidates are busy applying all possible techniques to win over the voters. They are seeking "blessings" visiting the rooms of the members at the DSE building and outside, as well as the residences of voters. Seven candidates vying for the four posts are: A S Shahidul Huque Bulbul of Bulbul Securities, Abdul Mannan of AR Chowdhury Securities, Abdul Haque of Royal Green Securities, Md Hanif Bhuiya of Rapid Securities, Ahmed Iqbal Hasan of Ahmed Iqbal Hasan and Co, AZM Nazimuddin of Sunrise Agencies and Faisal Kabir Chowdhury. The election, scheduled for March 20, is expected to be tough as the number of candidates has increased compared with that of the last two years. The number was five and six for four councillor posts for the last two years respectively while the number is seven this year. With the increase of the transaction at the bourse over the last week, the campaign is also hectic. The turnover in terms of value at the DSE has increased considerably, sources said. On Wednesday, the transaction touched over Tk 21 crore, Tk 14 crore the following day while it was above Tk 14 crore yesterday at the DSE. The turnover was almost limited within the range of Tk 7 crore over the last couple of months. As per the DSE statute, four out of the 12 elected members of the DSE Council retire every year. Election takes place every year to elect four new members for the next two years. The Daily Star Standard Chartered Group in Bangladesh yesterday began a 2-day annual conference in the city for its Institutional Baking Division in the Middle East and South Asia (MESA) region, says a press release. Muhammad A (Rumee) Ali, Chief Executive Officer-Bangladesh of Standard Chartered Group, inaugurated the conference, participated by senior IB executives of various global centres of Stan Chart. Osman Morad, Regional Head of IB of MESA Region and Chief Executive of Standard Chartered Bank, Bahrain, Jeremy Parrish, Global Head of Bank Relationships, and Luis Rojas, Head of Local Product Management, USA and UK, are also attending the conference. Participants from various centres yesterday shared their respective country experiences. Muhammad A (Rumee) Ali said it is for the first time a multinational bank has chosen Bangladesh for its international conference, which showed the growing importance of the country for the bank's business.
|
|||
|
|
|||
|
| About us | Bangladesh | Success Stories | Documents | SEMP | Links | News | Partners | Environment | Tech.Info | |
|||
|
© Copyright and
Fair Use . SDNP Bangladesh holds the ©
copyright to its publications and web pages but |
|||
