Dhaka, Sept 13 (UNB) – Mobile-phone banking generates some Tk 994 crore transactions on average a day as such banking method is getting popular day by day in the country.
Replying to a starred question from Awami League MP Shamsul Hoque Chowdhury (Chattogram-12), Finance Minister AMA Muhith came up with the statistic in Parliament on Thursday.
He said the total number of mobile-phone banking customers is 6.4 crore. “Of them, 3.6 crore are doing transactions actively through the banking method.”
Responding to another starred question from ruling party MP AKM Rahmatullah, the minister said Bangladesh received commitments of $14,612.18 million foreign assistance from different countries and donor agencies in 2017-18 fiscal year.
Of the amount, $14,231.45 million was loan while $380.73 million donation.
Muhith said the disbursed amount of the foreign assistance was $6,290.75 million in the fiscal year.
Of the disbursed amount, $5,910.12 million was as loan while $380.63 million as donation.
Dhaka, Sep 13 (AP/UNB) -The United States may have reclaimed the title of the world's biggest oil producer sooner than expected.
The U.S. Energy Information Administration said Wednesday that, based on preliminary estimates, America "likely surpassed" Russia in June and August after jumping over Saudi Arabia earlier this year.
If those estimates are right, it would mark the first time since 1973 that the U.S. has led the world in output, according to government figures.
The energy information administration and the International Energy Agency, a global group of oil-consuming nations, had predicted that the U.S. would eventually pass Russia and Saudi Arabia but possibly not until 2019.
U.S. production jumped in recent years because of techniques including hydraulic fracturing, or "fracking," which is the use of chemicals, sand, water and high pressure to crack rock formations deep below ground, releasing more oil and natural gas.
Fracking is driving a drilling boom in the Permian Basin under Texas and New Mexico. The practice is controversial, however. Opponents say that fracking results in toxic contamination of groundwater and increases the number of earthquakes in places like Oklahoma and Texas.
The U.S. energy agency estimated that the United States produced an average of 10.9 million barrels a day in August, compared with about 10.8 million barrels a day by Russia and around 10.4 million from Saudi Arabia. It said the U.S. passed Saudi Arabia in February for the first time in more than two decades, and this summer it topped Russia for the first time since 1999.
The agency expects the U.S. will continue to top Russia and Saudi Arabia for the rest of this year and through 2019.
U.S. production has soared since 2011, led by output from the Permian Basin, North Dakota and the Gulf of Mexico. The pace of drilling slowed after oil prices tumbled starting in 2014, but roared back as operators learned to produce oil more efficiently and crude prices rebounded.
Production has been relatively steady in Russia and Saudi Arabia, both of which took part in an OPEC agreement to limit output beginning in 2016 to drive up prices.
The U.S. agency said its data on Russian production comes mainly from the Russian Ministry of Oil but also oil companies and industry publications. The agency said figures on Saudi output are based on its own internal estimates.
The U.S. led the world in oil production for much of the last century until the Soviet Union and later Saudi Arabia passed it during the 1970s. Until the last few years, it seemed far-fetched that the U.S. would ever regain the No. 1 spot.
Daniel Yergin, author of "The Prize," a history of the oil industry, said the rebound of U.S. production helped avert a severe shortage of world oil that would have sent prices far higher.
Dhaka, Sep 12 (UNB)- Prof. Dr. Md. Salim Uddin, FCA, FCMA, Chairman, Executive Committee of Islami Bank Bangladesh Limited and Chairman of Bangladesh House Building Finance Corporation presented a paper titled ‘Review of Iron and Steel Market: Global Perspective’ in an International Conference organized by Steel Group recently at the Hotel Redisson Blue, Chittagong.
Institutions from 19 countries including USA, India, Japan, Korea, China, Australia, Germany, Austria, Singapore, Belgium and Italy attended the two-day seminar.
Speakers at the seminar highlighted the global impact of the iron and steel industry, present scenario, future prospects alongside its qualitative development through sustainable technology and expansion of the market.
Prof. Dr. Md. Salim Uddin in his speech mentioned that in the year 2017, the total steel production in the world is 1.69 billion metric tons out of which China produces 49.2%. At the same time, Bangladesh produced only 7 million metric tons. In absence of own raw materials, Japan has been able to produce about 6.2% steel product of the world. Our neighboring country India has also continued its efforts in the industry.
In these circumstances, it is essential to take appropriate planning for the development of the steel industry of Bangladesh. He also said that by the year 2030, the demand for iron and steel would reach 2 billion metric tons.
Dhaka, Sep 12 (UNB)- Local manufacturers of refrigerators, freezers, air conditioners and compressors recently urged the government for provide industry-friendly policy supports in the next couple of fiscal years for the sustainable advancement in high-tech appliances manufacturing industry in the country.
They also demanded withdrawal of 15 percent VAT on the locally made compressors and the reduction of imbalanced duties structure between the imported finished compressors and the raw materials of the locally made compressors.
Mohammad Shahabudding, general secretary of Bangladesh Refrigerator Manufacturers and Exporters Association, said earlier the government announced VAT exemption benefit for the local refrigerator, freezer and air conditioner manufacturers till the current fiscal year 2018-19.
The local entrepreneurs demanded the continuation of the present VAT exemption for the next couple of fiscal years, said a press release.
Shahabudding also informed that the local compressors manufacturers have to pay 5 to 25 percent duties on the import of necessary raw materials while the finished compressors importers pay 5 percent duties. In addition, the government imposed 15 percent VAT on the locally made compressors.
The local compressors manufacturers urged the government for withdrawing the present VAT and imposing lower import duties for the necessary raw materials comparing to the duties of imported finished compressors.
Dr. Saleh Ahmed, former governor of Bangladesh Bank, said, the local entrepreneurs made a tremendous progress in the high-tech appliances manufacturing industry of Bangladesh.
The fastest growth of the local appliances manufacturing industry will also allure foreign investment in this sector. To ensure the sustainable boost of this sort of industry in Bangladesh, the government should continue the present industry-friendly policy supports.
Dhaka, Sept 12 (UNB)- The 19th meeting of Risk Management Committee of Al-Arafah Islami Bank Ltd. (AIBL) was held recently at its head office in Purna Paltan area in the city.
Chairman of the Committee Md Liakat Ali Chowdhury presided over the meeting, according to press released issued on Wednesday.
Members Abdus Samad Labu, Md Abdus Salam, Md Amir Uddin, Managing Director Md Habibur Rahman, Deputy Managing Directors, Kazi Towhidul Alam, Md Fazlul Karim, Muhammad Mahmoodul Haque, Mohammed Zubair Wafa, Executive Vice President and Company Secretary, Md Mahmudur Rahman were present in the meeting.