At around 10:10am on December 18, 2011, my driver rang me in a staggering voice, "Our car is totally damaged and Khalu is hurt". At first, I could not understand what he was talking about, because at that moment, along...
For a while, we forgot that this is the land where Sirajuddowla and Mir Jaffar both lived. This land thus epitomises both the tragedy of Sirajuddowla and the treachery of Mir Jafar. It is said that democracy has been regained...
The electronic age is near completion. This year I received scores of electronic-generated Christmas cards from around the world, many from students and government officials in Bangladesh. Added to those are all the paper Christmas cards I received hand-delivered, which...
Justin Yifu Lin When weather forecasters predict the uncertain path of hurricanes, they often tell local residents to "hope for the best, but prepare for the worst." This motto is appropriate for the current global economic climate and prospects for...
SYLHET, Dec 26 (UNB): At least nine people including two school teachers were killed and 50 others injured in a fatal road accident at Sarighat in Jaintapur upazila Monday afternoon. Police and witnesses said a Sylhet bound bus collided with...
Veteran politician and leading organizer of 1971 Liberation War Abdur Razzaq was laid to eternal rest amid a ceremonial state honour and tributes at the Banani graveyard, report agencies. A namaj-e-janaza, the fourth in the country, was held at the...
Fazle Rashid NEW YORK, Dec 26: New political icon of Pakistan politics legendary cricketer Imran Khan held two mammoth public rallies the tenor of which was anti-US. He called the US Secretary of State Hillary Chachi. It has dawned upon...
Prime Minister Sheikh Hasina said in the city Monday her government by no means would compromise on some issues with regard to the country's democracy, freedom of press and national interests, reports BSS. "We will not compromise on the issues...
The Indian government has withdrawn the 14 per cent duty imposed on all types of jute and jute goods, clearing the path for duty-free export to the neighboring country, reports UNB. India had imposed 14 per cent duty, including 4...
FE Report The board of directors of Dhaka Stock Exchange (DSE) meets today (Tuesday) to finalise the much-talked about demutualisation concept paper. After finalisation, it will be submitted to the finance ministry within Thursday (December 29), officials said. Earlier on...
FE Report The securities regulator has formed a committee to fix the definition of 'free-float' in a bid to implement the new benchmark DSE general index (DGEN) under free-float method, officials said. The decision comes after the Securities and Exchange...
FE Report Dhaka stocks lost almost one and a half per cent Monday, breaking the fourth straight sessions' gaining streak, with substantially declining turnover, as the investors sold off their shares out of panic. Market analysts said that the media...
BLFCA elects new office-bearers Asad Khan, Managing Director, Prime Finance and Investment Ltd and Selim R. F. Hussain, CEO & Managing Director of IDLC Finance Ltd have been elected as Chairman and Vice Chairman of Bangladesh Leasing and Finance Companies...
Md Jamal Uddin Bangladesh Submarine Cable Company Limited (BSCCL) is likely to get the approval for installation of second submarine cable to connect the country with the information super highway. The Ministry of Posts and Telecommunications will give the final...
Badrul Ahsan The government has selected some 12 products as export potential to reduce reliance on a few selected items and to further boost country's foreign exchange earnings, a high official of EPB said. The selected items are: pharmaceuticals, printing...
Bangladesh Bank on Monday said favourable agricultural production, export growth and internal demand are still consistent with the projected 7 per cent economic growth, reports UNB. In a statement, the central bank, however, said that the global economic crisis, particularly...
Our Correspondent CHITTAGONG, December 26: Western Marine Shipyard (WMS) has launched two ocean-going vessels for exporting to an European country, company sources said. Launching of the two vessels EMSWATER and EMSFLOW was carried out on December 23 and 25 respectively,...
NEW DELHI, Dec 26 (Reuters): India will sell 150 billion rupees ($2.9 billion) of bonds on Dec. 30 in an unscheduled auction to partially offset a 40 billion rupee auction cancelled last month and to fund an "emerging cash requirement",...
BAPEX finds more gas reserves in Fenchuganj State-run Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX) said Monday that it had discovered significant new gas reserves at a field in the country's northeast. "We will be able to extract up...
TOKYOSEOUL, Dec 26 (Reuters): Sony Corp has agreed to sell its nearly 50 per cent stake in an LCD joint venture with Samsung Electronics to the South Korean company for $940 million, as it struggles to reduce huge losses at...
TOKYO, Dec 26 (Reuters): Japan and Myanmar agreed Monday to launch negotiations aimed at clinching a bilateral investment pact, Kyodo news reported, as the isolated nation gradually opens up after decades of tight military rule. Japan hopes to promote Myanmar's...
BEIJING, Dec 26 (Reuters): China's industrial output is expected to grow 11 per cent for 2012, easing from an estimated 13.9 per cent in 2011, China's industry minister said Monday. The forecast by Miao Wei, the Minister of Industry and...
NEW DELHI, Dec 26 (Economic Times): Price of Compressed Natural Gas (CNG) may be hiked by up to Rs 2 per kg in the next few days as rupee devaluation has pushed up input cost. City gas retailers including Indraprastha...
TOKYO, Dec 26 (Reuters): Toyota Motor Corp Monday launched the world's most fuel-efficient hybrid car, as the company looks to fight off competition from pure electric vehicles. The compact car, dubbed 'Aqua' in Japan and the 'Prius C' overseas, has...
The Benchmark General Index DGEN bucked its recent uptrend and shred one and a half percent on the first trading day of the week. Couple of major news that came out during weekend saw an overall increase in risk aversion...
Annual Development Programme (ADP) implementation rate in the first five months (July-November) of the current fiscal reached 20 per cent equal to the rate achieved during the corresponding period of the previous fiscal year, reports UNB. According to the Implementation,...
NEW DELHI, Dec 26 (ANN): Industry's worst fears are coming true. There is an increasing apprehension amongst Indian corporates that the current global meltdown might snowball into a full-blown crisis and last at least till the end of 2012. A...
VIETNAM, Dec 26 (ANN): More than 100 products and services developed by Vietnamese businesses were honoured as reliable and trustworthy this year in a ceremony held Sunday. These products were voted for by Vietnamese customers on websites run by the...
While the threat of credit rating downgrades hangs over Europe, a few big emerging market economies are on the upswing, reports Reuters. Indonesia provides arguably the starkest contrast. Fitch's upgrade of Indonesia's sovereign rating on Dec. 15 restored it to...
A local business firm has introduced a new kind of instant power supply (IPS), assembled with parts imported from Italy, reports UNB The local firm, MB Electronics Limited has been marketing its products under the "Big Boss" brand name and...
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