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Mafizuddin joins Bangladesh Finance

2011-10-17 00:00:00

FE Report Mafizuddin Sarker has joined as the Managing Director & CEO of Bangladesh Finance and Investment Company Ltd. (BD Finance) recently. Mr. Sarker is an MBA from IBA, University of Dhaka and possesses more than 35 years of experience...

Citi launches CitiDirect Mobile

2011-10-17 00:00:00

FE Report Citi announced that its Global Transaction Services business has launched Mobile Authorization functionalities for its corporate clients in Bangladesh. CitiDirect Mobile will use mobile internet browsers to bring core transactional functionalities of CitiDirect Online Banking, Citi's award winning...

Govt to clarify on Padma Bridge this week : Muhith

2011-10-16 00:00:00

FE Report The finance minister has said the government will publicly explain its position on the Padma Bridge project this week. The World Bank (WB) has suspended its lending worth $1.2 billion following allegations of corruption in the bidding process...

BDF meeting deferred on WB's request

2011-10-16 00:00:00

FE Report The Bangladesh Development Forum (BDF) meeting has been deferred following a request by the World Bank country director and co-chair of the local consultative group (LCG), officials said Saturday.Finance ministry officials said that the co-chair of the LCG,...

Spl treasury bond issued to help Agrani Bank address fund crisis

2011-10-16 00:00:00

Nazmul Ahsan The Ministry of Finance (MoF) has issued a special treasury bond worth Tk 8.0 billion in favour of Agrani Bank Ltd to help the latter address its liquidity crisis. The bank is facing the crisis mainly due to...

How significant has been the Hillary-Dipu Moni meeting?

2011-10-16 00:00:00

Zaglul Ahmed Chowdhury Undeniably, the meeting between Bangladesh foreign minister Dr. Dipu Moni and her American counterpart Hillary Clinton had evoked enormous interest, particularly in Bangladesh for a variety of reasons. The much-awaited parleys have gone off "pretty well" the...

CTMS operation in peril

2011-10-16 00:00:00

Jasim Uddin Haroon The government intervention has allegedly put the operation of the much-hyped Container Terminal Management System (CTMS) in peril, sources said. Senior port officials said they were asked by the commerce and finance ministries to 'consider the demand...

News Watch

2011-10-16 00:00:00

IFC to meet stakeholders from today International Finance Corporation (IFC) will meet its stakeholders from the country's public and private sectors over the next three days as a senior official starts his visit today (Sunday). Pierre Guislain, director of the...

BNP urges govt to solve people's problems

2011-10-16 00:00:00

BNP Acting Secretary General Mirza Fakhrul Islam Alamgir Saturday urged the government to address the people's problems to bring welfare to them. The BNP acting secretary general said this at a press briefing after a joint meeting of the party...

EC to take measures to maintain law & order during NCC polls

2011-10-16 00:00:00

NARAYANGANJ, Oct 15 (UNB): Election Commissioner M Sohul Hussein on Saturday said the Election Commission (EC) will take all necessary measures to maintain law and order during the Narayanganj City Corporation (NCC) polls on October 30. He stated this while...

Bangladesh to maintain strong ties with Saudi Arabia

2011-10-16 00:00:00

Nizam Ahmed Bangladesh will continue to maintain strong diplomatic and economic relations with Saudi Arabia, despite recent execution of its eight expatriate workers in Riaydh, foreign ministry officials said on Saturday. The eight male workers were beheaded publicly following a...

Sardar Amjad hospitalised

2011-10-16 00:00:00

Former minister and a leading student leader in 1969 movement Sardar Amjad Hossain has been admitted to Apollo Hospitals in the city, reports BSS. He is suffering from breathing problem, said a press release. His wife, Prof Ferdous Nigar Hossain...

Myanmar ready to take back Rohingya refugees from BD

2011-10-16 00:00:00

FE Report The government of Myanmar has reiterated its willingness to take back Rohingya refugees from Bangladesh, said Foreign Secretary (FS) Mohamed Mijarul Quayes Saturday. "We (Bangladesh government) handed over the list of Rohingya refugees and requested the Myanmar government...

Rajuk to demolish Gulshan's illegal structures Oct 18

2011-10-16 00:00:00

Rajdhani Unnayan Kartripakkha (RAJUK) will demolish the unapproved and illegal portions of buildings at two plots in between Road No 106 and 104 in the capital's posh Gulshan area on October 18, reports BSS. "We have served the notices on...

50,800 under-five children die of diarrhoea a year in B'desh

2011-10-16 00:00:00

FE Report About 50,800 children under five years of age die of diarrhoea every year in Bangladesh due to lack of hygiene practice, according to global report on diarrhoea released on Saturday by UNICEF and WHO. The report also said...

Dengue deadlier because of prolonged monsoon

2011-10-16 00:00:00

Arafat Ara Dengue outbreaks have soared to a five-year high this season as aedes mosquitoes went on the rampage because of a prolonged monsoon, officials said Saturday. The Health Department said 1,270 people have been diagnosed with the deadly fever...

World Food Day today

2011-10-16 00:00:00

The World Food Day (WFD) will be observed in the country as elsewhere in the globe today (Sunday) with the theme "Food Prices - From Crisis to Stability,"reports UNB. The theme has been chosen to shed some light on rising...

Of quick rental power, subsidy and reality

2011-10-16 00:00:00

Shafiqul Alam Power sector is facing a dual crisis - one is the huge gap between supply and demand and the other is the absence of reliable energy source, besides natural gas. Under such a condition, the government has gone...

Billions spent on power sector yet to show results

2011-10-16 00:00:00

Habibullah N Karim One of the acute national problems the present Awami-led coalition inherited, more than two-and-a-half years ago as they formed government, is the chronic shortage of power that plunged the country into frequent hour-long outages as much as...

Direct selling: A boon for the self-entrepreneurs

2011-10-16 00:00:00

Asha Gupta In a world where one-to-one contact is the in-word now and personalised communication takes the natter interaction to an altogether new level, commerce is seeing a new revolution on its shores now. With the advent of the direct...

High prices of vegetables

2011-10-16 00:00:00

The prices of essentials is an issue oft reported by the media, both print and electronic, and discussed in private and also in public for months after months. But the prices are defiantly maintaining their high levels with consumers being...

Impediments to healthy growth of housing industry

2011-10-16 00:00:00

Shahiduzzaman Khan There has been substantial fall in the sale of apartments and lands in the capital city in recent times. Flat sales dropped by 30 per cent on an average during the last few months, as the purchasers are...

Nobel Peace Prize winners show the way

2011-10-16 00:00:00

Gopal Sengupta When the Nobel Prize Committee decided that the Nobel Peace Prize for 2011 is to be divided in three equal parts among Ellen Johnson Sirleaf, Leymah Gbowee and Tawakkul Karman for their non-violent struggle for the safety of...

An unsound and illogical proposition

2011-10-16 00:00:00

The move by Insurance Development and Regulatory Authority (IDRA) to increase non-life insurance premium income of Bangladesh from Taka 15 billion (1,500 crore) to Taka 45 billion (4,500 crore) by increasing premium rates of existing clients appears to be an...

Power sector corruption

2011-10-16 00:00:00

The scheme that was reportedly started more than a couple of years back to improve transmission of power in the Dhaka region is still dragging on with no end in sight. It was, however, planned for implementation very quickly to...

Good food, good time, great people

2011-10-16 00:00:00

Abdullah Mohibuddin My favourite breakfast is a hot and crispy croissant with set honey and a cup of Coffee Latte. Of course, it is during reading the newspaper - the Financial Express on line. Coffee Latte is an Italian coffee...

Integrating water and energy issues

2011-10-16 00:00:00

Dr B K Mukhopadhyay concluding his two-part article The question of energy security comes to the fore on the issue of water and energy. In fact the two issues are interrelated. Gone are the days when water remained independent from...

Old, unfit vehicles still rule city roads

2011-10-16 00:00:00

Khalilur Rahman Despite ban on plying of buses, minibuses and trucks in Dhaka city which are over 20-year old, the transport operators continue to defy the restriction with impunity. The Bangladesh Road Transport Authority (BRTA) estimates that the number of...

Bumper Aman harvest likely

2011-10-16 00:00:00

FE Report The country has sufficient stock to meet the demand for food grains until the Aman harvest starting from next month, concerned government officials said Saturday. They said an appropriate market mechanism would be introduced for proper pricing of...

1200 big businesses to come under new NBR software network

2011-10-16 00:00:00

Doulot Akter Mala About 1200 large businesses will come under the new networking system of the National Board of Revenue (NBR) from January next as the tax authority has made installation of prescribed software mandatory replacing the existing one. The...