Entrepreneurs are the engine of economic growth. Who are these entrepreneurs? Entrepreneurs employ technology, organise resources and initiate ventures for production of goods and services to exploit the opportunity. They motivate society, innovate and take the initiative and risk in...
India's beleaguered aviation sector is experiencing severe turbulence as high jet fuel costs, fierce competition and losses threaten carriers' survival, analysts said. The crisis engulfing Kingfisher Airlines, owned by billionaire liquor baron Vijay Mallya, has already sounded alarm bells, as...
Jasim Uddin Haroon The insurance regulator has rejected consultants' reports on an ADB-sponsored project saying the contents of the study were not satisfactory, official sources said Sunday. They said 'wrong' selection of international consultants was the main reason behind preparation...
Nizam Ahmed Bangladesh expects to yield some 35 million tonnes of rice this year, about 1.0 million tonne higher than that of the last year, according to the officials of the ministry of agriculture (MoA) Sunday. Meanwhile, the world output...
Prime Minister Sheikh Hasina has said Bangladesh desires enhanced trade and economic cooperation with Spain, describing the prospects for much higher trade volume between Bangladesh and Spain as 'bright', reports UNB. She said this when the newly appointed Spanish Ambassador...
Munima Sultana The Roads and Highways Department (RHD) has been able to spend Tk 2.76 billion from its fiscal budget making a frustrating progress in implementing the annual development projects. The latest report of RHD revealed that the progress of...
Jubair Hasan Two laboratories with state-of-the-art facility will be set up in Dhaka and Chittagong cities by 2014 to ensure safe food consumption of people by detecting growing rate of food adulteration, officials said. Under a project involving more than...
Fazle Rashid NEW YORK, Nov 20: The emerging nations strongly underscore the immediacy and urgency of the expansion the Security Council to make truly reflect "contemporary reality". Expansion will enhance the credibility and the effectiveness in wrangling with contentious global...
The prosecution will finish its opening statement against Sayedee today (Monday) when the International Crimes Tribunal reconvenes, reports bdnews24.com. Cross-examination of witnesses will, however, begin on December 7. Chief prosecutor Ghulam Arieff Tipoo began the statement with the historic context...
FE Report Dhaka stocks continued to rally for the third straight session Sunday with substantial rise in turnover, as investors' confidence have boosted up following the Prime Minister's intervention and they went for fresh buying. Market analysts said the investors...
FE Report Eastland Insurance, one of the 1st generation private sector general insurance companies celebrated 25th years of its achievement on Saturday. To celebrate the occasion, the company organized a Reception and Cultural programme at Bangabandhu International Conference Center (BICC)...
Special Correspondent A new company -Giant Textiles Ltd- will go for commercial production next month in Gazipur. " It is now running on trial operation with completely state-of-the-art technology. Once started, the new unit will raise our export value to...
FE Report The annual business review meeting of Prime Bank Limited was held at the Dhaka Regency Hotel & Resort of the capital Saturday, said a press release. Chairman of the Board of Directors, Md. Shirajul Islam Mollah inaugurated the...
FE Report The Performance Review Meeting for the Managers of Exim Bank was held at the Exim Bank Head office Saturday for evaluating the total performance and financial situation of the Bank. Chairman of the Exim Bank Md. Nazrul Islam...
On the close of operation on November 17, 2011, the authorities of "Reliance One" the first scheme of Reliance Insurance Mutual Fund have reported NAV of Tk 13.23 per unit at current market price basis and Tk 10.46 per unit...
SEBL approves change in FV The 6th Extra-ordinary General Meeting of the Shareholders of Southeast Bank was held Sunday at Officers' Club in the city. Alamgir Kabir, FCA, Chairman of the Bank presided over the meeting. Ragib Ali, Vice Chairman,...
Doulot Akter Mala The National Board of Revenue (NBR) has started collecting salary statements of service sector staffers under six categories as part of its move to net new taxpayers. The board has recently directed the central survey zone to...
FE Report Realtors' group has held up membership of Green Delta Housing and Development (Pvt) Ltd citing its "fraudulent activities" with customers. In a statement, the Real Estate and Housing Association of Bangladesh (REHAB) said it has given several reminders...
Jasim Uddin Haroon Bangladesh has revolutinalised its dyeing technology through innovating a new method which will cut cloth production cost by at least 25 per cent, textile experts said. This will make Bangladesh-produced fabric more competitive among the readymade garment...
LONDON, Nov 20 (BBC): The European Union has been forced to accept a 2 per cent rise in its budget next year - much less than the increase it wanted of around 5 per cent.
FE Report Industries Minister Dilip Barua Sunday urged the banks and financial institutions to increase the volume of loan to SME sector as finance poses big obstacle to it. He said the small and medium entrepreneurs get frustrated due to...
BKB promotes Manjur as DMD Manjur Ahmed has recently been promoted to Deputy Managing Director (DMD) of Bangladesh Krishi Bank (BKB). Prior to his promotion, he was serving the same bank as general manager (Admin). Mr Manjur obtained his MBA...
NEW DELHI, Nov 20 (Reuters): Over-optimistic forecasts by policymakers predicting when India's stubbornly high inflation would ease have hurt the government's credibility, although price rises should moderate by the end of the fiscal year in March, a senior adviser said...
BEIJING, Nov. 20 (Xinhua): China's economy is expected to grow 9.2 per cent in 2012, a slight drop from 9.4 per cent this year, a university report forecast, raising concerns on slowdown and financial risks. China's economic expansion will continue...
NUSA DUA, Nov 20 (AFP): US President Barack Obama said his week-long Pacific tour had made progress in prising open markets for US goods as he headed back to do political combat in Washington. "Over the past week, the progress...
MOSCOW, Nov 19 (AFP): Russia's economy is stronger than that of many EU countries despite high inflation and the flight of capital, President Dmitry Medvedev said Saturday. "Overall, our economy is now more homogenous and stronger than the economies of...
MADRID, Nov 20 (AFP): With their lower unemployment, increasing consumption and higher growth rates, Latin American nations are attracting investors looking for a refuge from the global financial turmoil, analysts say. At the same time, they cautioned at a three-day...
BRUSSELS, Nov 20 (AFP): Economists are increasingly questioning the relevance of the eurozone rescue fund as pressure builds on the European Central Bank (ECB) to lead a lasting and massive debt crisis response. The European Financial Stability Facility (EFSF), which...
The Benchmark General Index DGEN rallied sharply for the third consecutive trading day to gain close to three percent. Traders continued to go long aggressively on the back of expectation of announcement of capital market friendly initiatives from the government...
LONDON, Nov 20 (AFP): More than two-thirds of business leaders in Britain believe the eurozone debt crisis will be the biggest challenge facing the country's economy next year, an opinion poll showed today. 70 per cent of business chiefs believe...
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