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QUOTES OF THE MONTH

“We want the people of the country to have a developed life. So, 

we'll never ever tolerate corruption and irregularities in financial 

matters. I want you to strengthen supervision”.
The Prime Minister, Sheikh Hasina mentioned that corruption in the 

country came down significantly during the two consecutive tenures of 

her government, while inaugurating the newly-constructed building of 

the International Supreme Audit Institute at Audit Bhaban in the city's 

Kakrail area.

“We are considering signing a memorandum of understanding 

(MoU) with the firm so that it could collect information related to 

money laundering from the country”.
National Board of Revenue (NBR) Chairman Md Mosharraf Hossain 

Bhuiyan, said that NBR needs to hire international watchdog to dig 

out information about the money siphoned of the country. He came up 

with the disclosure at a ceremony where the NBR signed a MoU with 

the Bangladesh Financial Intelligence Unit of Bangladesh Bank for 

spy- work against money laundering as part of the drive.

“Grameenphone and Banglalink are participating in tomorrow's 

spectrum auction”. 
BTRC Secretary and Spokesperson Sarwar Alam, told the news 

agency that, The Bangladesh Telecommunication Regulatory 

Commission (BTRC) is set to hold the much-awaited spectrum auction 

of different bands for introducing the 4G/LTE service in the country, 

where the two mobile network operators were also going to take part.

“We have opened the financial proposals submitted by four Indian 

companies for short-term and long-term power imports from India”.
Power board chairman, Khaled Mahmud, told New Age that PDB has 

received bids for 300MW power import from four Indian companies to 

import 300 megawatts power for 15 years.

“We have sought permission from the prime minister to finalize the 

deal with IDB. The deal will be signed as soon as she approves it”.
ERD Additional Secretary Shamsul Alam stated that, The Islamic 

Development Bank or IDB recently approved €94.7 million in loans 

for housing projects in rural Bangladesh. IDB approved the loan at its 

board meeting which took place in recent time.

“I express the hope that there'll be more pressure. The 

only thing is to put more pressure on Myanmar”.
Ambassador Rensje Teerink, the EU Head of Delegation 

in Dhaka indicated exerting more pressure on Myanmar 

so that it acts promptly and creates an environment for the 

sustainable return of Rohingyas to their homeland from 

Bangladesh.

“Selection of strategic partner is not only an issue for the 

DSE but also for greater interest of the nation. So, we 

did not spare anything to choose the partner having best 

competency” .
DSE managing director KAM Majedur Rahman, told 

the press conference that apparently to dispel ongoing 

contentions over the issue, the premier bourse has chosen 

the best eligible strategic partner considering the price and 

technical soundness.

“We're working on it with a target of submitting the 

proposal to the energy regulator by the first week of 

March” .
Petrobangla chairman Abul Mansur Md Faizullah told 

that, state-run Petrobangla would propose to raise natural 

gas tariff next week, with the aim of passing a portion of 

the imported LNG cost on to the consumers. Moreover, the 

import of LNG (liquefied natural gas) is expected to be 

expensive and substantially increase the cost of natural gas 

supply in the country.

“But progress has not yet been seen”. 
US Ambassador to Bangladesh Marcia Bernicat, stressed on 

the importance of effective measures to improve the business 

climate in order to attract increased volume of FDI (foreign 

direct investment) while enabling the domestic companies 

to make business in a more efficient way.  Bernicat also 

pointed out few challenges like ensuring transparent bidding 

process, removing bureaucratic complexities, improving 

supply of electricity as well as roads and port facilities.

“Bangladesh's electricity import from India will double to 

1,200 MW by June this year” .
Indian High Commissioner Harsh Vardhan Shringla 

announced that power import from India will double by 

June. He also added that, Bangladesh was already importing 

660MW of electricity from India and the policymakers were 

currently discussing about the issues related to the import.

Mithila Chowdhury

mithila.chowdhury@lbsbd.com