Nizam Ahmed Most of the industrial and domestic power consumers have said they have confidence in the authorities that they will be able to meet the electricity demand in the coming years. But they are worried about the frequent hikes...
Munima Sultana An Indian joint venture firm has been assigned to carry out necessary preparatory works relating to the construction of two double-track railway bridges over the Bhairab and the Titas rivers. The Bangladesh Railway (BR) has selected the joint...
Fazle Rashid NEW YORK, Nov 16: President Barack Obama, begining today, will set out for a trip to Asia the main focus of which will be China. He will visit Australia and Indonesia to announce a strategic shift in US...
FHM Humayan Kabir The Planning Commission (PC) has given green signal to the 'politically considered' rural electricity line expansion project, costing a total of Tk 54.40 billion, despite fund shortage of the government, officials said Wednesday. The PC officials said...
Raihan M ChowdhuryViyellatex Group is enhancing 50 per cent capacity despite a crisis of gas and power adopting various steps on 'green economy'. Green economy is the quintessence of the company's business ethics. "The enhancement of our capacity is obviously...
FE Report The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has suggested for amendment in rules to allow the transfer of portfolios from merchant banks with or without margin loans. "The existing mutual fund rules do not allow the...
FE Report Dhaka stocks soared more than seven per cent Wednesday after three straight sessions' steep fall following the news of an emergency meeting between the Prime Minister and stock stakeholders, as investors were expecting positive outcome from the meeting....
Confirmation of shares buy Fu-Wang Ceramic: Mr Bernard Lee, one of the directors of Fu-Wang Ceramic, has stated that he has completed his buy of 1,000 shares of the company at prevailing market price through stock exchange as announced earlier....
FE Report Metropolitan Chamber of Commerce and Industry (MCCI), voicing its concern over the rising inflation of non-food items, has warned that it can trigger social unrest and political instability. Between June and September this year, the point to point...
Jasim Uddin Haroon Feeder operators Wednesday said their business has been suffering over the past couple of weeks due to poor loading of export containers. They said they had loaded nearly one-third of their capacity during the period. They also...
Export earnings from the USA, the largest export destination for Bangladesh goods, witnessed a 1.73 per cent drop during the July-September period of the current fiscal mostly because of the negative growth from RMG, reports UNB It totalled $1231.64 million...
Leather exporters are expecting to collect rawhides worth around Tk 30 billion from tens of thousands of animals sacrificed during the last Eid-Ul-Azha, reports BSS. "We hope to collect rawhides worth Tk 30 billion from 40 lakh sacrificial animals this...
LONDON, Nov 16 (BBC): The world's most valuable technology company, Apple, has named long-serving director Arthur Levinson as chairman of the board. The post had been vacant since Apple co-founder Steve Jobs died in early October. Mr Levinson is chairman...
Yasir Wardad Production has disrupted in jute mills as oil companies have halted supply of jute batching oil (JBO) for three weeks. JBO is a critical input for jute goods production. Industry leaders said public and privately-owned petroleum marketing companies...
BA's new cargo carrier arrives at HSIA The new commercial cargo aircraft Boeing 747-8 of British Airways World Cargo arrived at Hazrat Shahjalal International Airport (HSIA) with the first deliveries to airline customers starting last month, the company said Wednesday....
WASHINGTON, Nov 16 (AFP): The International Monetary Fund (IMF) approved a new $133.6 million loan for Afghanistan yesterday, after a year of difficult talks stalled by the massive Kabul Bank scandal. Fund officials said Kabul had made progress on cleaning...
STRASBOURG, Nov 16 (AFP): The head of eurozone finance ministers renewed pressure on Greece Wednesday to commit itself in writing to economic reforms before it can receive vital bailout funds. Luxembourg Prime Minister Jean-Claude Juncker said the Eurogroup would discuss...
TOKYO, Nov 16 (Reuters): The Japanese arm of US retailer Wal-Mart Stores is planning to add 20 stores across a variety of formats next year, looking to take further advantage of its rising profits in the country, its top executive...
MOSCOW, Nov 16 (Reuters): Russia, on the brink of joining the World Trade Organisation (WTO), is considering challenging EU energy regulations that would limit gas export monopoly Gazprom's control over its European pipeline assets, a government source said Wednesday. WTO...
LONDON, Nov 16 (AFP): The Bank of England Wednesday cut its forecasts for British economic growth, saying the "single biggest risk" comes from the eurozone debt crisis. Gross domestic product (GDP) is expected to grow by no more than 1.0...
TAIPEISHANGHAI, Nov 16 (Reuters): China, the world's largest auto market, is likely to open its mandatory auto insurance market to foreign companies next year, chairman of the Insurance Association of China said Wednesday. The 200 billion yuan ($31.5 billion) auto...
The Benchmark General Index DGEN rallied sharply to gain more than seven percent. The Index had lost 560 points in the previous three trading days and was clearly in oversold region, thus a sharp reversal was not unexpected. However, the...
Talha Bin Habib The first consignment of wheat imported under the government initiative from Ukraine arrived at Chittagong port. The import is a part of government's domestic food security plan, officials said. "A ship carrying 26,000 tonnes of wheat has...
NEW DELHI, Nov 16 (Reuters): Indian state oil refiners will cut gasoline prices by about 3.2 per cent from Wednesday, the first reduction in three years as well as since pricing controls ended 18 months ago, in a move that...
KIEV, Nov 16 (Reuters): Ukraine and Russia have agreed the new price of Russian gas supplies, Interfax news agency reported on Wednesday citing a government source, a move that could help Kiev to regain access to a $15 billion International...
Monira Munni back from Chittagong A sustainable and environment-friendly ship recycling project has been undertaken by the Ministry of Industries (MoI) to help develop country's ship- breaking industry and capacity building for sound management of hazardous materials. The ship recycling...
FE Report The fifth annual e-Asia-2011 conference and exhibition with the slogan of 'Realising Digital Nation' will begin at Bangabandhu International Conference Centre in the city on December 1 in a bid to reinforce technology in the regions. State Minister...
NEW DELHI, Nov 16 (AFP): India's cabinet has approved allowing foreign direct investment in the country's burgeoning pension sector in a fillip to the government's economic reform process, a spokesman said Wednesday. Global financial players have long been lobbying for...
TOKYO, Nov 16 (BBC): The Bank of Japan (BOJ) has warned that the country's economic growth may be hurt by the eurozone debt crisis, flooding in Thailand and a strong yen. It said the euro crisis was stifling demand from...
Arafat Ara Sale of Walton refrigerators grew by 30 per cent over the 11 months of this year due to the rising demand and maintenance of quality of the product in the country, officials said. "Consumers prefer purchasing our refrigerators...
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