Cooperation of United Nations Industrial Development Organisation (UNIDO) has been sought to set up world standard livestock inspection laboratories in the country. Industries Minister Amir Hossain Amu made the call on Wednesday when he called on Director General of UNIDO...
GENEVA, Nov 5 (Reuters): Pakistan launched a trade dispute at the World Trade Organisation (WTO) on Wednesday to challenge the European Union's punitive duties on Pakistani exports of polyethylene terephthalate (PET), the WTO said in a statement. Pakistan says the...
Export earnings from the USA, the largest export destination for Bangladeshi products, witnessed a 8.42 per cent fall during the first quarter (July-Sept) of the current fiscal (FY), 2014-15, due mostly to poor performance of major exportable items to the...
BEIJING, Nov 5 (Reuters): China will cut red-tape for approving new investment to improve government efficiency and boost capital spending, the cabinet said on Wednesday in its latest measures to support the cooling Chinese economy. An online system for approving...
FE Report | 2014-11-06 00:00:00
The government's revenue earnings from the Dhaka Stock Exchange (DSE) fell 6.42 per cent or Tk 15.99 million in October compared to a month ago due to reduced trade volumes and trading sessions. The government bagged tax worth Tk 233.43...
Bangladesh Bank (BB) Governor Dr. Atiur Rahman Wednesday said the central bank is encouraging the banks to widen and deepen their activities under corporate social responsibilities (CSR), reports BSS. "Initiative of providing support to nine development organizations from the BB's...
FE Report Jin-Yong Cai, the Chief Executive Officer of International Finance Corporation (IFC), has lauded bKash, the leading mobile financial service provider in Bangladesh, for taking financial services to the unbanked population. "bKash has been building the foundation to strengthen...
Dhaka Stock Exchange (DSE) has signed a Memorandum of Understanding (MoU) with Korea Exchange (KRX) to facilitate formation of clearing house and introduction of new products at the premier bourse, officials said. The MoU was signed on October 29 last...
The family members of Late M. Moyeedul Islam, Chairman of United Insurance Co. Limited, acknowledged with deep gratitude the support and cooperation extended to them during his treatment. "We are grateful to the most respected doctors, the administration and the...
FE Desk Report | 2014-11-06 00:00:00
MasterCard has marked an important milestone in its presence in the Muslim lifestyle segment with its latest collaboration with Zilzar.com, the world's first global Muslim Lifestyle Marketplace platform. The launch of Zilzar.com was officiated by the Prime Minister of Malaysia,...
Car showrooms in Bangladesh are increasingly taking their business online through carmudi.com.bd, the fastest growing online car classified of the country. Above 400 car dealers in Bangladesh, located in Dhaka and Chittagong, are currently enlisted in Carmudi Bangladesh's website and...
FE Report The bearish spell continued for the third running session Wednesday amid choppy trading as ongoing countrywide strike affected the investors' sentiment. Amid the first day of two-day strike, the market opened with a mixed trend. At the end...
Md. Mazakat Harun has been re-elected chairman of Express Insurance Limited . The 178th board meeting of the company re-elected him. Md. Mazakat is Chairman and Managing Director of Chemitan Limited, MAB Spinning Limited and MAB Denim Ltd. Mr. Mazakat...
Siddique Islam | 2014-11-06 00:00:00
The central bank has moved to strengthen the drive for recovery of unpaid farm credits as the non-performing loans (NPL) in the agricultural sector increased over 20 per cent of late. According to the Bangladesh Bank statistics, the share of...
FE Report | 2014-11-06 00:00:00
The state-run Bangladesh Petroleum Corporation (BPC) has rejected the best bid from Singapore's MRI Trading for naphtha sell-off for early November loading. Less-than-expected price and re-tender have been cited as the causes, a senior official said. The corporation refused to...
Shahiduzzaman Khan | 2014-11-06 00:00:00
The country's towns and cities are largely being developed without policy guidelines. Unplanned urbanisation is thus causing multiple problems for the city dwellers, not to speak of the government itself. A report published in the FE this week revealed that...
FE Report | 2014-11-06 00:00:00
The National Board of Revenue (NBR) issued a fresh order transferring its income tax commissioners Wednesday. It transferred 14 tax commissioners across the country by issuing the new transfer order. However, the NBR scrapped its previous circular, issued on November...
The government has drafted the 'Textile Policy 2014' aiming to double the local textile production by the fiscal year 2019-20, sources said. The annual combined demand for fabric from the domestic market and the export-oriented garment sector is around 11,400...
FE Report | 2014-11-06 00:00:00
The central bank has appointed an observer to Mercantile Bank Limited for improving its financial health, officials said Wednesday. Masud Biswas, general manager of the foreign exchange policy department of the Bangladesh Bank (BB), has been appointed as observer of...
Law Minister Anisul Huq says he has told authorities at Dhaka Central Jail to prepare for war criminal Mohammad Kamaruzzaman's execution, report agencies. The Jamaat-e-Islami leader will, however, get the time to seek pardon from the president, he told reporters...
Two buses were set ablaze by unknown miscreants in separate incidents in the capital's Karwan Bazar and Azimpur areas on Wednesday night, police and firemen said. The incidents took place within the span of a few minutes, as a bus...
Customs officials and Railway Police (GRP) in separate drives arrested two people with 196,000 Saudi riyals from the Hazrat Shahjalal International Airport and the Kamalapur Railway Station on Tuesday night and Wednesday. Customs officials arrested Abdul Hannan Lavlu, a resident...
Republicans rode a wave of voter discontent to seize control of the US Senate on Tuesday, dealing a punishing blow to President Barack Obama that will limit his legislative agenda. See also page 14 — Reuters
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