No government agency will ask any question about "undisclosed income" invested in the stock market and there will be short-, medium- and long-term plans announced "in a day or two" to rescue the small investors, a high-profile meeting led by...
Transparency International Bangladesh (TIB) on Thursday voiced concern over the decision to allow the investment of undisclosed money in the share market without any condition, reports UNB. The local chapter of the global graft watchdog, however, welcomed the Prime Minister's...
HONG KONG, Nov 17 (AFP): Asian markets were mixed on Thursday but trade was cautious after two ratings agencies sounded alarm bells over the potential impact of the eurozone debt crisis on major banks. Despite new governments in Italy and...
An Extra Ordinary General Meeting of Singer Bangladesh Limited was held on Thursday at the Trust Milonayaton, Shaheed Jahangir Gate in the city. Shareholders of the company approved the special resolution for changing the denomination of shares of Singer Bangladesh...
ICB Asset Management Company Limited (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh disclosed net asset value (NAV) of two unit funds Thursday, said press releases. The funds are- ICB AMCL Pension Holders' Unit Fund and ICB AMCL Unit...
An Extraordinary General Meeting of City Bank was held in the city Thursday. The meeting resolved that the denomination of shares (face value per share) of the bank would be converted from Tk 100 to Tk 10 each and market...
FE Report The government will provide new power connections to the flats in the capital having a demand of two or three kilowatt each till 2012 for necessary household needs only excepting use of air conditioners, washing machines and other...
FE Report Country's top bankers Wednesday said the banks have been continuing their investment in share market and have sincere intention to increase it, officials said. The announcement came from the bankers' platform -- the Association of Bankers, Bangladesh (ABB)...
The crucial meeting on stock market stabilisation was in progress at the Prime Minister's official residence Ganobhaban on Wednesday night, reports UNB. Details of the meeting were not available until our going to the press at 11:00pm. Prime Minister Sheikh...
Siddique Islam The financial health of the state-owned commercial banks (SCBs) has deteriorated over the years gradually because of their failure to manage their funds properly. In recent months, the easy access to their funds by the government to meet...
Shahiduzzaman Khan Amid a flurry of price hikes relating to essentials, fuel oils and utility services, human sufferings know no bounds. The latest hike in fuel oil prices, effective from last week, is the third one in a row in...
The remarks of the top World Bank (WB) official in Dhaka leave no doubt that the tangle over the Padma bridge project funding is not going to be clear anytime soon, even though the government is hoping for quick resolution,...
Doulot Akter Mala The customs wing of the NBR is sitting with the commissioners of all customs houses (CH) today (Thursday) to fix strategies for checking revenue loss allegedly through under-invoicing during import of different products. The National Board of...
FE Report The Metropolitan Chamber of Commerce and Industry (MCCI) has identified poor physical infrastructure and power shortage as "major constraints" to export and economic growth of the country. The Chamber also pinpointed the current pressure on balance of payments...
Election to the five reserved seats for women in parliament, increased in line with the 15th Amendment to the Constitution, will be held on December 26. Election commissioner Muhammad Sohul Hussain said that aspirants will have to submit nomination papers...
KOTALIPARA, (Gopalganj), Nov 16 (UNB): Prime Minister (PM) Sheikh Hasina on Wednesday came down heavily on Opposition Leader Khaleda Zia as, what the premier said, she has joined hands with anti-liberation Jama'at to save the war criminals. "You (Khaleda) will...
BNP leaders Wednesday asked the government to immediately quit power, otherwise they cautioned it will be forced to step down through mass movement, reports UNB. The warning came from a rally organised by city BNP as part of its demonstration...
Alleged war criminal Delwar Hossain Sayedee's lawyers have walked out of court after Justice Nizamul Huq joined the proceedings on Wednesday, reports bdnews24.com. They filed two applications before walking out of the International Crimes Tribunal (ICT) where Jama'at-e-Islami's executive council...
Our Correspondent NARSINGDI, Nov 16: The chief judicial magistrate of Narsingdi granted ten days remand to FIR accused Ashraf Hossain Sarker today for interrogation in mayor Lokman Hossain murder case. According to court sources, the investigation officer with the help...
US investigator Debra LaPrevotte has testified in a money-laundering case against BNP senior vice-chairman Tarique Rahman and his friend Giasuddin Al Mamun, reports bdnews24.com. Mamun's lawyers left the courtroom without quizzing Debra after the Federal Bureau of Investigation (FBI) agent's...
Our Correspondent CHITTAGONG, Nov 16: Complainant of a case filed against the deputy director (DD) of the Anti-corruption Commission (ACC) has alleged that the investigation officer of the case is trying to save the government official by including managing director...
The upward adjustment of energy prices will ultimately minimize the burden of increasing subsidy on the people as expenditure comes from public coffer. As the subsidy is being managed through imposing taxes on people, burden of taxes on the people...
The SAARC standing committee comprising the Foreign Secretaries will meet to discuss how the nine SAARC observer countries and organizations could be effectively integrated into the eight-member regional block, reports UNB. Briefing reporters Wednesday on the outcome of the 17th...
FE Report Members of the civil society bodies urged the Bangladesh delegation which will represent the country in CoP 17 Durban climate conference to focus on the interest of most climate vulnerable countries. They were speaking at the seminar titled...
The World Alliance for Mercury-Free Dentistry has named Dr Shahriar Hossain, Secretary General of Environment and Social Development Organization-ESDO, Bangladesh, and Steering Committee Member of IPEN, a US based Global NGO Network, as its vice-president for South Asia, reports UNB....
United Nations Population Fund (UNFPA) is set to stage a musical concert in collaboration with apex grouping of the country's music bands BAMBA for launching an intensified campaign against violence on women later this month, reports BSS. Organizers said the...
KOLKATA, Nov 16 (BSS): Indian West Bengal Chief Minister Mamata Banerjee gave a positive note to Bangladesh Foreign Minister Dr Dipu Moni today, saying she would try her best to come to an end to an agreement on Teesta water...
Like Odysseus in Homer's epic facing clear and present danger on both sides en route home, the Bangladesh economy is buffeted by two menacing forces. One is the burgeoning public debt and the other is inflation that has crept up...
As positive fallout of the 17th SAARC summit in the Maldives, the two South Asian arch rivals - India and Pakistan - are showing encouraging signs of breaking out of the undesirable cycle of bitter ties and both the countries...
Bangladesh is keen to import electricity from the proposed hydropower plant to be built at Sapt-Kosi High Dam in Nepal. India and Nepal have long been holding a series of high-level negotiations to undertake a joint venture with the express...
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