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Shahjalal Bank First Green Building in the Banking Sector of Bangladesh
Shahjalal Islami Bank PLC is playing an important role in providing investment in all areas of manufacturing and service sectors, ready-made garments, trade financing, infrastructure and agriculture. Starting operations on 10 May 2001, the bank is running with 12,40,000 deposit and investment customers. As a third generation Islamic Shariah-based private commercial bank of the country, Shahjalal Islami bank plc has reached a strong position within a short span of time and has been playing a worthy role in the economic development. The financial base of this bank is very strong. The bank has currently been providing banking services to its customers with great reputation and trust through 140 branches, 4 sub-branches, hundreds of ATM booths and agent banking outlets, one offshore banking unit and priority centre across the country with 3,000 staffs. It has its iconic 17-storied building with basement on Gulshan Avenue in the capital Dhaka, where the bank’s head office operations are being conducted and being USGBC Lead Gold certified, this building is the first green building in the banking sector in the country. Renowned Architecht Prof. Shamsul Wares has designed the building.
Read MoreRAK slabs to grace your very own
The ceramic industry is a flourishing demography with innovation at the forefront. Today, we have a brand that resembles elegance and reputation behind it, and also has the potential capability to do outstandingly. Slabs have been used in primitive times and has a clay composition. It came into existence in construction to cover roofs and floors, and the slabs streamlined surfaces and covered more spaces with less grout lines. Clay slab absorbs moisture.
Read MoreCONCORD The Pioneer in Construction
Concord is the only Bangladeshi company that has completed a 720-foot tall, iconic and technically challenging structure abroad. The SINGTEL Telecom Tower in Singapore was built by Concord in collaboration with Sumimoto Mitsui Construction Company Japan. Concord is proud for the National Martyrs’ Memorial (Jatiyo Smriti Soudho), the national monument of Bangladesh, set up in the memory of those who laid down their lives in the country’s War of Independence in 1971. The monument is located in Savar, about 35 km northwest of the capital, Dhaka. It was designed by Syed Mainul Hossain and built by Concord in 1982 in only 89 days.
Read MoreA Look Inside the Vibrant World the Potato Digital Office
Designed by architects Sanzid Iqbal Rizvee and Rubayet Ferdous, construction for the Potato Digital Office commenced in May 2022 and was successfully inaugurated in June 2022. Remarkably, within a brief period of 45 days, the team efficiently designed and executed the vibrant space at their new Gulshan branch. Soon, the office turned out to be the talk of the town.
Read MoreShahanawaz Maestro of Ceramics, Carving a Lasting Legacy in Bangladesh’s Ceramic Tapestry
In the captivating tapestry of Bangladesh’s ceramic industry, one name resonates as a beacon of creativity, dedication, and unwavering passion. That is Shahanawaz. With over three decades of commitment, Shahanawaz’s journey through the twists and turns of the ceramic sector has become a legendary one.
Read MoreCaressing The Clouds From 3,235 Feet Above in Bandarban
Bandarban is more like a complete, separate entity and a world of its own, lying gracefully and peacefully on the south-eastern part of Bangladesh. When the lethargy hits you amid the daily blues, this place can work as a whimsical healer and boost our weary souls.
Read MoreSpilling teas from Monno Tea Room
After establishing a glorious legacy of around four decades, Monno Ceramics not only made a mark in the people’s hearts but also in their households. Now that it has stretched its new endeavour into a restaurant, one must wonder if it was only organic to come up with the idea since Monno already has its hands on the core ingredient of any eatery, which is tableware!
Read MoreIAB Build Expo 2023
Once upon a time, people were unaware about the concept of green construction which refers to sustainable building or other establishments. Now a remarkable change is noticed in the construction sector of the country, thanks to local entrepreneurs, traders, and architects. Nowadays, the demand for environment-friendly construction materials including blocks and ceramic products is going up significantly.
Read MoreEconomy in the Doldrums with Inflationary Pressure, Dollar Crisis
Bangladesh sees the end of 2023 with a huge deficit in its financial accounts, the widest gap between foreign currency income and expenses in its history. Consequently, the Bangladesh Bank is struggling to arrest the decline in foreign exchange reserves. This has led to a record imbalance in the overall balance of payments. The repercussions of this financial strains have extended to the commoners and made the fiscal year 2023-24 exceptionally challenging. Despite assurance from the Finance Minister in his budget speech that inflation would be contained at 5.6 per cent, average inflation rate was 9.2 per cent, intensifying the economic pressure and exacerbating the burden of soaring commodity prices on the ordinary people.
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Elevated Expressway A new milestone in communications in Dhaka
The First Dhaka Elevated Expressway (FDEE) is called a ‘new milestone’ in communications and the project is being implemented under Public-Private Partnership (PPP) arrangement to alleviate traffic congestion in and around the capital. It has already been visible after inauguration of a portion of total of 46.73-kilometre-length with ramps, including a main elevated section spanning 19.73 km in the city. Prime Minister Sheikh Hasina inaugurated the 11.5 km part of it between Hazrat Shahjalal International Airport and Farmgate section, on September 2 with the key objective to shorten the lead time for exports and imports activities. Now people can travel the Airport-Farmgate site in 10 minutes thanks to the FDEE inauguration in the densely populated city. It often takes two hours to travel the 11.5 km due to severe traffic congestion. According to the First Dhaka Elevated Expressway Company Ltd, the total of 46.73-km-long elevated expressway is covering Airport, Kawla, Kuril, Banani, Mohakhali, Tejgaon, Magbazar, Kamalapur, Sayedabad, Jatrabari to Kutubkhali on the Dhaka-Chattogram highway. The entire expressway is expected to be opened for vehicles from Tejgaon to KutubKhali in June 2024. The FDEE project involves construction of a four-lane main carriageway and one elevated link road, comprising: four-lane dual main carriageway of a total length of 19.73 kilometers. It has a four-lane dual link-road carriageway of a total length of 3.1 kilometers. 32 on-off ramps including 16 on-ramps and 16 off-ramps (one-lane carriageway of 5.5 meter width) of a total length of 23.9 kilometers with 8 toll plazas and 43 toll collection booths. Besides the main four-lane dual carriageway and two suspended termini at its ends, it has five interchanges, two elevated links. The approximate total length of the main carriageway Expressway is about 46.73 km including 19.73 km main flyover and 31 km ramps and elevated links. Dhaka-Ashulia, Dhaka-Narayanganj and Dhaka-Chittagong expressways will also be connected with this elevated expressway in future. The project is one of the largest infrastructure projects taken up by the incumbent government spending a total of Tk 13,858 crore to ease traffic congestion. Of them, the cost of Airport-Farmgate section was Tk 8,940 crore. However, the FDEE project is being implemented under the PPP process between the government of Bangladesh, represented by the Bangladesh Bridge Authority (BBA), and the Italian-Thai Development Company Limited (ITD Group), represented by the First Dhaka Elevated Expressway (FDEE) Co. Ltd. According to the authority, around 80,000 vehicles can run on the FDEE a day. Chinese firm China Shandong International Economic and Technical Corporation, one of the three private partners of the PPP project, will operate the control centre. The FDEE is offlimits to three-wheelers and motorcycles. Other vehicles run on the structure at a maximum speed of 60km per hour in expressway and 40km per hour in ramps at the beginning. BRTC bus services commenced on the Expressway. The non-stop service, which began initially, runs with eight double-decker buses from Farmgate to the Airport. Road Transport and Highways authority said cars, SUVs, microbuses with fewer than 16 seats, and trucks with a capacity of less than three tonnes will pay Tk 80 for using the expressway. Trucks with six wheels will pay Tk 320, those with more than six wheels Tk 400, and buses with 16 or more seats Tk 160. Payment is being processed through e-ticketing. Local construction industries are thriving At least 10 local companies are making and supplying materials, such as cement, steel, stone and paint, for constructing the country’s first elevated expressway. Local products in place of imported alternatives are also being used in this mega project. This is not only saving foreign currency but also building the capacity of the local companies. A major portion of the Tk 8,940 crore project is being constructed using local materials. Of the 10 local contributors, six are cement companies while two are steel makers and the others make paint and PVC products. The cement makers are: Shah Cement, Crown Cement, Bashundhara Industrial Complex, Heidelberg Cement, Seven Rings Cement and Premier Cement. The BSRM and GPH Ispat are providing steel for the project while two concerns of RFL Group — RFL Pipe and Fittings, and Rainbow Paints — are supplying necessary pipes and road marking materials. RN Paul, managing director of RFL Group, said they are providing waste and rainwater pipes and fittings for the drainage system of the elevated expressway as well as road marking materials. Mr Paul explained that if local companies do not provide the required construction materials, then they would have to be imported at the cost of huge sums of foreign currency. “So, local companies benefited and also the process helped save foreign currency through such cooperation,” he said. Till September 2023, a total of 66,000 tonnes of steel has been used in the elevated expressway project, with BSRM contributing a majority 52,000 tonnes (80%). Tapan Sengupta, deputy managing director of BSRM, acknowledged that involvement in this type of large project helps local construction material companies grow their capacity and achieve global standards. Sheikh Masadul Alam Masud, founder chairman of the Bangladesh Steel Manufacturers Association, said the local steelmaking capacity has nearly doubled to about 9 million tonnes over the past decade. Local cement manufacturers have increased their production capacity to 6 million tonnes per annum while it was 2 million tonnes annually just 10 years ago. Back to history In January 2011, the certificate authority (CA) was signed between Bangladesh government, represented by Bridges Division, the Ministry of Road Transport and Bridges, acted through Bangladesh Bridge Authority (together the “grantor”), and First Dhaka Elevated Expressway (FDEE) company limited (the “concessionaire”). The ITD, the largest construction company in Thailand, established first Dhaka Elevated Expressway Company Limited (“FDEE”) as a 100%-owned special purpose vehicle, registered in Bangladesh, to accede ITD as the concessionaire in the concession agreement for implementation of the project. The BBA signed deal with Italian-Thai Development Public Company to build the FDEE at a cost of Tk 8,703 crore in January 2011. The agreement was revised and inked again in
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