Shamsul Huda | 2015-02-26 00:00:00
Rerolling units are facing closure due to slow demand and competition from big automated steel mills, sector insiders said. Former president of Bangladesh Steel Mill Owners Association Mizanur Rahman (Babul) said out of 250, more than120 re-rolling mills have been...
FE Report | 2015-02-26 00:00:00
Net profits of major mobile-phone operator Robi climbed by 20.4 per cent last year, driven by incremental data usage and cost control efforts, the company said. The country's second-largest cell-phone firm by revenue also recorded operating profit (earnings before interest...
FE Report | 2015-02-26 00:00:00
The tax revenue collection faced a shortfall of Tk 23 billion in seven months to January, triggered by a crippling political turmoil, officials said. The National Board of Revenue could collect Tk 694 billion in tax revenue in July-January period...
FE Report | 2015-02-26 00:00:00
The central bank purchased US$47 million more from four commercial banks Wednesday to help keep the inter-bank foreign exchange (forex) market stable, officials said, "We've bought the US currency directly from the banks at market rate to protect the interests...
Arafat Ara | 2015-02-26 00:00:00
The government will increase the number of beneficiaries under the programme of stipend for the migrants' children to help them continue of their education, said officials. The number of recipients will stand at 700 from previous 200 this year. The...
Bangladesh has been widening its diplomatic presence in the friendly countries to cover more countries by missions abroad, according to the Foreign Ministry, reports UNB. At present, the country has 69 missions abroad and maintains its diplomatic relations with the...
FE Report | 2015-02-26 00:00:00
Bangladesh needs to improve its infrastructure for attracting more Swedish investment in the country, Swedish Ambassador in Bangladesh Johan Frisell said on Wednesday. "Bangladesh has potential to draw foreign investment. The country needs to develop its infrastructure and simplify formalities...
A workshop on draft final report on " Development Phase on Water Management Infrastructure in Bhola District (DWMIB)" funded by NLEVD International (ORIO11/BD/21) on behalf of the government of the Netherlands organised by Project Director, DWMIB, BWDB, Dhaka was held...
The Amnesty International has condemned the frequent incidents of arson and firebombing of vehicles in Bangladesh during the BNP-led coalition's ongoing agitation. "These are criminal acts for political purpose. Whoever is doing these are criminals and have to be brought...
Worried at the fast shrinking of arable land, Prime Minister (PM) Sheikh Hasina asked Wednesday the authorities concerned to form a separate authority to oversee the proper management of land up to upazila (UZ) level, report agencies. In her introductory...
FE Report | 2015-02-26 00:00:00
The central bank has asked the foreign commercial banks (FCBs) not to keep vacant the posts of their local chief executive officers (CEOs) for more than consecutive three months, officials said. The Bangladesh Bank (BB) issued a circular in this...
Mohammad Ali | 2015-02-26 00:00:00
A World Bank study has identified the weaknesses of six key regulatory bodies in dealing with audited financial statements of their affiliates. The study has pointed out that the regulators lack the required resources and capacity to ensure the affiliated...
Shahiduzzaman Khan | 2015-02-26 00:00:00
Bangladesh and Paschimbanga are the gateway to South Asia. There are enormous economic potential in areas that remains unexplored as yet. With a view to tapping such potential, the existing infrastructure and road connectivity should be improved. Paschimbanga Chief Minister...
Revoking her bail, a court in the city on Wednesday issued a warrant for arrest of BNP chairperson Khaleda Zia and two other accused in the Zia Orphanage and Zia Charitable Trust Fund graft cases, reports UNB. Judge Abu Ahmed...
The United Nations has said it supports freedom of expression and the right for newspapers to exist, which is a big part of democracy in any country. Spokesman for the Secretary-General Stéphane Dujarric said this during a press briefing at...
MYMENSINGH, Feb 25: A court here on Wednesday sentenced 13 people to life term imprisonment and two others to 10 years in jail in a case filed for murdering five members of a family in Haluaghat upazila of the district...
A court in the city granted on Wednesday 10-day police remand for Nagorik Oikya convener Mahmudur Rahman Manna in a sedition case involving the army filed against him with the Gulshan Police Station, reports UNB. Metropolitan magistrate Mahbubur Rahman passed...
Doulot Akter Mala | 2015-02-26 00:00:00
The National Board Revenue (NBR) has detected four major loopholes in the collection of tax at source by the government entities. The loopholes, sources said, have been causing seepage of income tax revenue. It has found that some entities are...
FHM Humayan Kabir | 2015-02-26 00:00:00
The European Union (EU) will make available Euro 690 million (US$783 million) in the form of grant to Bangladesh over a period of next seven years to help the latter improve its democratic governance, human rights and food security situations...
FE Report | 2015-02-26 00:00:00
Three people sustained burn injuries, as miscreants set afire a stationary bus on Dhaka-Sylhet Highway at Sawghat in Rupganj, Narayanganj early Wednesday, on the 51st day of countrywide indefinite transport blockade along with strike. The BNP-led 20-party Alliance-called blockade and...
FE Report | 2015-02-26 00:00:00
The customs intelligence unit detained two passengers and seized at least 18.764 kg gold from the green channel at Hazrat Shahjalal International Airport (HSIA) in city on Wednesday. The gold was recovered from Emirate Airways flight "EK582" arriving at the...
The government says it is not interfering in the media as has been alleged by the Editors' Council and has trashed the latter's statement as 'motivated', report agencies. The information ministry in a statement Wednesday said that the statement published...
Labour costs in Bangladesh, Myanmar and Cambodia are lowest in the world, according to a new global ranking. Businesses with supply chains and operations in these countries are benefiting from the world's lowest labour costs, said the report. Labour Costs...
FE Report | 2015-02-26 00:00:00
Slack and ineffective monitoring by regulators, mainly due to lack of skilled manpower and resources, has widened the scope of flawed financial reports. A World Bank study titled 'Bangladesh: Report on the Observance of Standards and Codes- Accounting and Auditing...
FE Report | 2015-02-26 00:00:00
The government will import around 1.9 million tonnes of refined petroleum products from different countries at a cost of Tk 75 billion for the fiscal year (FY) 2014-15. The Cabinet Committee on Purchase, at a meeting on Wednesday, gave approval...
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