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City Bank founder Deen Mohammad passes away

Prominent Industrialist and Chairman of Phoenix Group Deen Mohammad passed away at a hospital in Dhaka early yesterday. He was 83. Deen Mohammad, also the founder of City Bank, breathed his last at Anwer Khan Modern Hospital around 1:00am due to old age complications and Covid-19 infection. The noted businessman left behind his wife, one son, two daughters, and a host of relatives and well-wishers to mourn his death. He had been admitted to different hospitals in the city at different times due to his age-related complications earlier. Later, he was admitted to Sikder Medical College and Hospital after he got infected with Covid-19.

Construction costs burdened with cement price rise

Construction costs burdened with cement price rise Construction costs have been rising since March with each 50-kilogramme bag of cement now costing around Tk 50 more to sell for anywhere between Tk 450 and Tk 460. Photo: SK Enamul Haq The price of each 50-kilogramme bag of cement has increased by around 12 per cent, or Tk 50, to Tk 450 to Tk 460 a development that will push up construction costs, be it the government s development projects or privately-owned buildings. The price increased in mid-March as a knock-on effect from a rise in prices of clinker, the main raw material, in the international market alongside that of shipping costs.

Bangladesh enterpreneurs want half of COVID-19 stimulus funds as grants

  Senior Correspondent,  bdnews24.com Published: 19 Apr 2021 02:09 AM BdST Updated: 19 Apr 2021 02:09 AM BdST A woman checking clothes at the National SME Product Fair at the Bangabandhu International Conference Centre in Dhaka on Thursday. Photo: Mahmud Zaman Ovi Enterpreneurs have called for half of the coronavirus-related financial incentives announced by the government to be disbursed as a grant to tackle the economic crisis stemming from the pandemic. ); } Sheikh Fazle Fahim, president of the Federation of Bangladesh Chambers of Commerce and Industry, made the proposal at a joint consultative meeting of the National Board of Revenue (NBR) on Sunday. We are proposing that up to 50 per cent of the incentives for small and big businessmen and industry owners be given as a grant, he said.

Misappropriating Tk 300 crore from BASIC bank: HC refuses to allow businessman Gazi Belayet to leave country

The High Court today refused to allow Gazi Belayet Hossain, a businessman having dual citizenship, to leave the country as an inquiry into the allegation against him of his involvement in misappropriating Tk 300 core from BASIC Bank is going on. Earlier on April 18, 2019, the Anti-Corruption Commission (ACC) issued a letter to the immigration department requesting it

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