Dwaipayan Barua

New installations to be proposed to enrich Suhrawardy Udyan

The Swadhinata Stambha (Independence Monument, third phase) project is going to see a number of new changes and additions to its original plan, as authorities plan to install a variety of structures at Suhrawardy Udyan, the historic site that witnessed significant moments of the country’s journey towards liberation.

Govt to appoint int’l operator for New Mooring terminal

The government is going to appoint an international operator to run New Mooring Container Terminal (NCT) of the Chattogram port. 

Development spending lowest in 12 years

Development spending in Bangladesh stood at 32.10 per cent in the first eight months of the current fiscal year, the slowest pace of implementation during the rule of the Awami League, official figures showed.  

5 projects to seek extra Tk 1,119cr

Although the government discourages implementing agencies of development projects in Bangladesh from seeking time and cost revisions, several proposals in this regard are placed at each meeting of the Executive Committee of the National Economic Council (Ecnec).

Watermelon enters export basket

In a first for Bangladesh, a consignment of watermelon has been shipped to Malaysia through Chattogram port by Sattar International, a vegetable exporter based in the port city.

Sitakunda’s curse of industrial accidents

In Sonaichhari union alone -- where both BM depot and Sheema Oxygen Plant are located -- there are around 50 shipbreaking yards, several re-rolling mills, oxygen plants and one LP gas plant

Govt’s interest expenses jump over 22%

The government’s expenses on interest payments rose more than 22 per cent to Tk 40,792 crore in the first six months of the current fiscal year owing largely to higher expenditures on treasury bills, official figures showed.  

Container movement thru Ctg port on the decline

Container movement through Chattogram port began a downward trend in the second half of 2022 that has stretched into the first two months of the current calendar year, according to shipping agents.

2 explosions in 9 months: Is Sitakunda a risky locality?

Sitakunda has frequently made headlines for accidents inside industrial units, but these two incidents have adversely affected locals quite some distance from the sites.

Stalemate eases over waiver certificates at Ctg port

A breakthrough finally came about yesterday over a stalemate centring issuance of waiver certificates which allow foreign flagged container vessels to carry cargo to and from the country’s seaports.

ADP execution rate in Jul-Jan lowest in 3 years

The first seven months of the current fiscal year of 2022-23 saw the lowest implementation rate of the annual development programme (ADP) in the last three years, with only 28.16 per cent of the total outlay being spent till January. 

Foreign ships face uncertainty in getting key certificate

Operators of foreign container feeder vessels are allegedly facing unusual delays in obtaining the waiver certificate or failing to secure the document they need before loading cargoes to and from Bangladesh.

CPA to end forced shipment of empty containers

The forced shipment of empty containers from the yard of the Chattogram port is finally coming to an end, a positive development for foreign shipping liners as it would allow them to avoid the financial losses they have been incurring for the last six years.

HR Lines adds two more container vessels to fleet

Feeder-vessels operator HR Lines Limited, a subsidiary of Karnaphuli Group, has expanded its carrying capacity by adding two more container ships to its fleet.

New era begins as Ctg port sees bigger ships berth

A vessel with 10 metres draught berthed at a jetty of the Chattogram port for the first time yesterday, a major leap forward as the movement of larger ships is expected to cut costs and save time.

Amnesty to bring back black money yields no result

The maiden tax amnesty offered by the government to bring back laundered money home has seemed to have brought no result since none secured the facility in the first six months of the current fiscal year.

Half of Ctg port container jetties remain vacant as import falls

Ending 2022 with negative growth in container throughput, the Chattogram port had almost half of its container jetties vacant as the new year rolled in. 

KDS Logistics remains top container handler for fifth year

KDS Logistics has retained its spot as the top private inland container depot (ICD) in terms of the total volume of export and import cargo handled for a fifth consecutive year in 2022. 

Ctg port’s anomalies cost govt Tk 258 crore

The state coffers were robbed of Tk 258 crore for 26 counts of irregularities by the Chattogram Port Authority between fiscal 2017-18 and 2019-20, found the Comptroller and Auditor General (CAG).

Ctg port container handling drops in 2022

Annual container handling at the country’s premier sea port of Chattogram decreased 2.54 per cent year-on-year in the just concluded calendar year of 2022 owing to a downward trend in foreign trade. 

Ctg port’s container traffic may drop in 2022

The Chittagong port may post a negative growth in container throughput in 2022 compared to a year earlier due to the decline in container handling for the slowdown in Bangladesh’s international trade.

Cut expenditure in revised budget

The finance division has strictly asked ministries and divisions not to demand any additional money beyond the amount allocated this year.

4 on schedule, others may miss deadline

The eight fast track projects being implemented by the government are seeing mixed progress with four having made significant progress as of November this year while the rest may not see timely completion.

Inflation falling, but not for rural people

Though inflation continued to undergo a downward trend for a third consecutive month in November, non-food inflation in rural areas entered into double digits last month for the first time in recent times. 

Ctg port’s outer anchorage comes to a standstill

Water transport workers have gone on a strike demanding a pay hike, suspending unloading of imported goods at the Chattogram port’s outer anchorage and their subsequent transportation across the country since the early hours of yesterday.

Businesses have big hopes for Karnaphuli tunnel

Business leaders in Bangladesh hope the Bangabandhu Sheikh Mujibur Rahman Tunnel, being built beneath Karnaphuli river in Chattogram, will help expand the port city on both sides of the waterway as per the “One City, Two Towns” concept derived from China’s Shanghai.

'Karnaphuli tunnel to bring new dimension to connectivity'

Chittagong Chamber of Commerce and Industry (CCCI) President Mahbubul Alam said the country’s first underwater tunnel below the Karnaphuli river will bring a new dimension to connectivity between the southeastern region and the rest of the country.

Water-vessel workers to start countrywide work abstention

Water-vessel workers are set to observe an indefinite, countrywide work abstention from the end of this month to press home their demand for hiking minimum wage.

A step forward for Ctg metro rail

The plan to construct metro rail in Chattogram has taken a step forward, as the government is set to approve a project to carry out preliminary feasibility study for the infrastructure.

Ctg port container movement falls in October

Movement of import and export-laden containers through the Chattogram port in October was lower both year-on-year and compared to that in the previous two months, reflecting a gradual slowdown in foreign trade amidst global economic downtrends. 

Bangabandhu Sheikh Mujib Shilpa Nagar

The coast of Mirsharai, an upazila in the southeast division of Chattogram, wakes up in the morning to the sounds of under-construction factories, and machines of several newly-built plants on a vast part of the region.

Steel industry to heat up as new players joining race

Bangladesh’s steel industry is set to see the entry of a couple of large business houses while several existing steelworks are looking to expand their capacities in order to gain from the rising demand for the key construction material.

BM Container depot resumes cargo handling

The privately-owned BM Container Depot yesterday resumed handling export cargoes, albeit on a limited scale, after receiving permission from the customs authority to handle only garment shipments for the next three months.

Bangladesh’s steel factories less polluting

The steel manufacturing plants in Bangladesh are less polluting and the lowest carbon emitters compared to the largest producers globally, mainly for the melting process followed locally and the efficient consumption of energy and water, said a top industrialist.  

BM Depot gets go-ahead for RMG cargo handling

Privately owned BM Container Depot resumed handling export cargoes on a limited scale today after over four and a half months of the fatal explosion at the depot on June 4 that left 51 people dead.

Movement of containerised cargo drops at Ctg port

Import and export of containerised cargo through the country’s premier seaport in Chattogram fell in the first quarter of the current fiscal year compared to that last year, indicating a slowdown in foreign trade resulting from global economic downtrends. 

Revenue collection growth slows

The revenue collection growth decelerated to 12.63 per cent in Bangladesh in the first quarter of the current fiscal year, driven by the cost-of-living crisis at home and abroad, narrowing the fiscal space for the government, official figures showed.  

Freight forwarders seek bonded warehouses to handle export cargoes

The government should allow freight forwarders to set up and run bonded warehouse facilities with a view to handling export and import cargoes smoothly, said Bangladesh Freight Forwarders Association (BAFFA) Vice President Khairul Alam Suzan. 

FY23 growth for Bangladesh: IMF lowers forecast to 6pc

The International Monetary Fund has cut Bangladesh’s growth forecast to 6 percent for fiscal year 2022-2023.

Ghorashal Palash urea fertiliser factory: Fertiliser self- sufficiency delayed

The Tk 10,460 crore Ghorashal Palash Urea Fertiliser Factory project, taken up four years ago, is likely to cost 48 percent more and take two more years to be completed.

Denim Expert going after perfection, innovation

Rather than going for mere expansion, Chattogram-based denim exporter Denim Expert Limited wants to attain perfection in its product and innovation as well as achieve environmental sustainability in order to turn the facility into a model factory. 

PHP launches soundproof glass production

PHP Family, a Chattogram-based business group, launched soundproof glass production yesterday as a part of its expansion aiming to meet the demand for sound protective and energy efficient glass.

Saif to run container vessels on UAE-Ctg

Saif Powertec entered a deal with Abu Dhabi-based Safeen Feeders yesterday to run three container feeder vessels on the Bangladesh-United Arab Emirates (UAE) and other international routes.

Govt’s foreign loans: Weak taka makes repayment costlier

The government’s foreign debt repayment has become costlier owing to the sharp depreciation of the taka against the US dollar in recent months.

CPA may save Tk 3,600cr on land acquisition

The Chattogram Port Authority (CPA) may not have to spend Tk 3,600 crore to acquire 803 acres of khas land for the Bay Terminal project as the government is considering its application to be given the area for free or at a token price.

Sufferings to linger for 2 more years

The deadline to complete the construction of the Chattogram elevated expressway has been extended for two more years. Meanwhile, the immense suffering of the port city residents in their daily commute is to continue.

Ctg elevated expressway: Cost likely to escalate, wait to lengthen

The cost of the already delayed elevated expressway project in Chattogram city is likely to rise by Tk 1,048 crore and the deadline extended by two more years as a proposal in this regard is set to be placed before an Ecnec meeting today.

Stop hasty year-end spending

The Finance Division has urged all government offices to rein in hasty expenditures at the end of each fiscal year as it destroys fiscal discipline and increases the government’s borrowing cost.

April 3, 2023
April 3, 2023

New installations to be proposed to enrich Suhrawardy Udyan

The Swadhinata Stambha (Independence Monument, third phase) project is going to see a number of new changes and additions to its original plan, as authorities plan to install a variety of structures at Suhrawardy Udyan, the historic site that witnessed significant moments of the country’s journey towards liberation.

March 24, 2023
March 24, 2023

Govt to appoint int’l operator for New Mooring terminal

The government is going to appoint an international operator to run New Mooring Container Terminal (NCT) of the Chattogram port. 

March 23, 2023
March 23, 2023

Development spending lowest in 12 years

Development spending in Bangladesh stood at 32.10 per cent in the first eight months of the current fiscal year, the slowest pace of implementation during the rule of the Awami League, official figures showed.  

March 21, 2023
March 21, 2023

5 projects to seek extra Tk 1,119cr

Although the government discourages implementing agencies of development projects in Bangladesh from seeking time and cost revisions, several proposals in this regard are placed at each meeting of the Executive Committee of the National Economic Council (Ecnec).

March 19, 2023
March 19, 2023

Watermelon enters export basket

In a first for Bangladesh, a consignment of watermelon has been shipped to Malaysia through Chattogram port by Sattar International, a vegetable exporter based in the port city.

March 18, 2023
March 18, 2023

Sitakunda’s curse of industrial accidents

In Sonaichhari union alone -- where both BM depot and Sheema Oxygen Plant are located -- there are around 50 shipbreaking yards, several re-rolling mills, oxygen plants and one LP gas plant

March 16, 2023
March 16, 2023

Govt’s interest expenses jump over 22%

The government’s expenses on interest payments rose more than 22 per cent to Tk 40,792 crore in the first six months of the current fiscal year owing largely to higher expenditures on treasury bills, official figures showed.  

March 9, 2023
March 9, 2023

Container movement thru Ctg port on the decline

Container movement through Chattogram port began a downward trend in the second half of 2022 that has stretched into the first two months of the current calendar year, according to shipping agents.

March 6, 2023
March 6, 2023

2 explosions in 9 months: Is Sitakunda a risky locality?

Sitakunda has frequently made headlines for accidents inside industrial units, but these two incidents have adversely affected locals quite some distance from the sites.

March 2, 2023
March 2, 2023

Stalemate eases over waiver certificates at Ctg port

A breakthrough finally came about yesterday over a stalemate centring issuance of waiver certificates which allow foreign flagged container vessels to carry cargo to and from the country’s seaports.