The head of the International Monetary Fund (IMF) has warned that Europe's debt crisis risks plunging the global economy into a "lost decade", saying it is up to rich nations to shoulder the burden of restoring growth and confidence. While...
The development that meets the needs of the present without compromising the ability of future generations to meet their needs is deemed to be sustainable development. A sustainable city is one that utilises available resources to meet current needs while...
Sonia H Moni Local jewellers have increased prices of gold by around Tk 1,200 per 'bhori' (11.66 grams) on an average following upward trend of its price in the international market, traders said. "The price of 22-carat gold has been...
FE Report State-owned joint venture firm BPDB-RPCL Powergen Ltd has invited bids from international companies to build a 150 megawatts (mw) capacity dual fuel power plant on turnkey basis at Kodda near the capital, a senior official said. The proposed...
Syful Islam China has granted duty-free and quota-free (DFQF) access of 4,788 products of Bangladesh and other least developed countries (LDCs) to its market, trade officials said Tuesday. The 4,788 products represent 60 per cent of the total tariff lines...
CHITTAGONG, Nov 15 (bdnews24.com): A Chittagong court has framed charges against Jama'at-e-Islami chief Matiur Rahman Nizami, former state minister for home Lutfozzaman Babar and nine others accused in the 10-truck arms haul case. Chittagong Metropolitan Sessions Judge SM Mujibur Rahman...
Fazle Rashid NEW YORK, Nov 15: Britain will use ground to air missile to shield the 2012 Olympic Games to be held in London. This was divulged by British Defence Minister Philp Hammond to allay the US fears that there...
BNP will stage demonstrations across the country today (Wednesday) to protest hiking of fuel oil price by the government, reports UNB. The demonstrations will be staged in capital Dhaka and all the divisional headquarters. In Dhaka, a protest rally will...
FE Report Dhaka stocks experienced yet another drastic fall Tuesday, the third straight session of the week, and DGEN plunged more than four per cent, as panic gripped the investors. On Monday, the DSE witnessed sharp decline and DGEN came...
Ismail Hossain Life insurance companies in the country are going to submit a proposal to Securities and Exchange Commission (SEC) within one or two days for facilitating investment of around Tk 40 billion life funds in the stock market. "Our...
FE Report Keeping 'Banking with Neighbours' slogan in pace, Mercantile Bank Limited has introduced two new deposit schemes namely Monthly Deposit Scheme-3 Years and Special Savings Scheme. Chairman of the bank Md Abdul Jalil, MP, formally launched the products as...
Pubali Bank participated in the recently held "Bank-NASCIB SME Saikat Utsab-2011" with a view to encouraging small and medium entrepreneurs of hill tracts areas. The festival was jointly organised by National Association of Small and Cottage Industries of Bangladesh (NASCIB)...
Mutual Trust Bank Ltd. (MTB) recently opened its 69th Branch at Thakurgaon. The branch was formally inaugurated by its Deputy Managing Director,Md. Ahsan uz Zaman at a simple ceremony held on the branch premises. SM Moin, Mayor of Thakurgaon Pourashaba,...
Jubair HasanCNG (compressed natural gas) conversion and filling stations are scrambling to stay afloat as the government continues to spike gas prices. Owners fear that the Tk 150-billion-sector would be collapsed if the government further raised the price of CNG,...
Yasir Wardad Farmers' production cost will increase by around Tk 26.40 billion in the upcoming Boro rice season due to price increase of urea fertiliser and diesel by the government, farmers and officials said. Md Nuruzzaman, owner of five 'done'...
FE Report GermanBangla Bicycles Ltd (GBB) has opened a U.S. subsidiary in Victorville, California, as it eyes business among North American bicycle brands seeking a low cost manufacturing alternative to factories in China and Taiwan. After attending dealer camp for...
DOHA, Nov 15 (AFP): Leaders of the world's biggest gas suppliers ended their first summit Tuesday by reiterating the need for a fair gas price while Iran, whose president was absent, warned that Western taxation will derail the energy market....
SBC MD gets one year extension Md Rezaul Karim has been appointed Managing Director of Sadharan Bima Corporation on contractual basis for one year term Monday. Mr Karim started his career with the corporation as a trainee officer in 1981....
BEIJING, Nov 15 (AFP): China's financial system is at risk from bad loans, booming private lending and sharp falls in property prices, the International Monetary Fund (IMF) warned today, as it called for sweeping reforms. In its first formal evaluation...
MUMBAI, Nov 15 (AFP): Indian airline Kingfisher said Tuesday it had doubled its losses in the July-September quarter, as its billionaire chief Vijay Mallya was set to announce plans to keep the Indian company afloat. The country's second-largest airline by...
The Benchmark General Index DGEN plummeted for the third consecutive trading day, losing more than four and a half percent. The 5000 level psychological support breach has seemingly led traders to panic as the DGEN suffered another day of free...
TOKYO, Nov 15 (AFP): Sony, Toshiba and Hitachi Tuesday said they had signed a deal to merge their small and medium-sized liquid crystal display businesses for smartphones and tablet computers. The move will create a new company, Japan Display, by...
MADRID, Nov 15 (AFP): Spain's inflation rate steadied in October at a high 3.0 per cent on a 12-month basis, figures from the national statistics institute showed Tuesday. The measure of the rise in consumer prices had risen to 3.0...
Doulot Akter Mala The government has decided to re-introduce specific duty on import of refined sugar in an effort to safeguard local industries and recoup revenue loss. The National Board of Revenue (NBR) recently received an instruction of the finance...
COLOMBO, Nov 15 (Reuters): Sri Lanka has planned more than $21 billion in public investment through 2015, aiming to revive the island nation's infrastructure after the end of civil war in 2009, the central bank governor said on Tuesday. Since...
HONG KONG, Nov 15 (Reuters): When China makes overseas investments, it aims to make profits and build influence, not just give away money, the general manager of China Investment Corp (CIC), the world's biggest sovereign wealth fund, said Tuesday. His...
The global demand for market pulp has been weakening for the past four months, particularly that of hardwood pulp (BHKP), according to a Wood Resource Quarterly report. The market report Pulpwatch reports that global shipment of BHKP pulp fell from...
SINGAPORE, Nov 15 (Reuters): Gold posted modest losses on Tuesday, tracking losses in riskier assets, as worries about the euro zone's ability to contain its debt crisis resurfaced after Italian bond yields rose, reflecting the nervousness of investors. Though gold...
FE Report The government has reduced bandwidth charges by 40 per cent for call centres to make the sector internationally competitive. The Bangladesh Telecommunication Regulatory Commission (BTRC) took the decision recently to support the fledging sector for its sustainability, commission...
Our Correspondent CHITTAGONG, Nov 15: Khatungonj Trade and Industries Association leaders recently made a courtesy call on Commerce Minister Faruk Khan at a hotel in the port city. The trade body leaders led by its president Mahbubul Alam apprised the...
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