Weather may remain mainly dry with temporary cloudy sky elsewhere over all the seven divisions of the country in next 24 hours until 6:00 pm today (Sunday). Day temperature may remain nearly unchanged over the country, Met office said. The...
Yasir Wardad A large number of home-goers' desire to celebrate the coming Eid-ul-Azha with their families at villages may remain unfulfilled as thousands of ticket aspirants are yet to manage a single one due to crisis of tickets. The ticket...
Since the beginning of the nineties, Bangladesh has had a robust macro-economic regime marked by consistent above-average growth and single digit inflation in parallel with mostly stable democratic governance (even the interim caretaker governments formed before each election had got...
What exactly is the significance of the first ever mayoral elections in this small but important satellite town in the outskirts of Dhaka? If media interest is anything to go by, one could be forgiven into thinking that we are...
Bangladesh is gradually moving towards e-commerce market. The central bank gave permission to financial institutions in November 2009, so that banks could act as e-commerce payment gatewayprocessor. This has given an enormous opportunity to companies who wish to go for...
The government's increased borrowing has been hurting a good number of banks and non-banking financial institutions, particularly the primary dealers, more than anybody else, since the yield of the government securities is now less than their cost of fund. The...
A two-day regional economic conference in Dhaka last week concluded that political will and firm commitment of governments were a must for bringing about an integrated South Asia, a prerequisite for economic prosperity of the region. Organised by the Centre...
Injustice for not granting pension During British colonial rule and under neo-colonialism of Pakistan, only the government employees were entitled to pension and the employees of semi-government organisations, public sector corporations and autonomous bodies were debarred from pension. After the...
Both print and electronic media have been buzzing of late on the upcoming Narayanganj City Corporation local elections to be held on October 30. The Election Commission (EC) is doing all it can so that the poll may be held...
Foreign direct investment (FDI) plays an important role in developed, underdeveloped and least developed countries (LDCs) in providing employment to the millions of people. It increases and sustains gross domestic product (GDP) growth, develops the technology and interchanges the technologies...
Lending is a principal business activity for banks. Loan portfolio is therefore typically the largest asset and the source of revenue for banks. In view of the significant contribution of loans to the financial health of banks through interest income...
Remittance is one of the most important economic indicators in Bangladesh for maintaining balance of payments, foreign exchange reserve, national savings and velocity of money. Remittance earning is increasing day by day and is the second largest sector of foreign...
China announced a series of changes to its top economic regulatory posts Saturday, the official Xinhua news agency said, the first big step in a comprehensive leadership reshuffle that will culminate next year. Shang Fulin, currently the securities regulator, has...
M Azizur Rahman Chinese state-run Sinopec Shengli Oilfield Services is set to invest around US$ 100 million under a joint venture (JV) with state-owned Bapex to develop four onshore gas structures in the hilly region of Chittagong, officials said Friday....
Shah Alam Nur Sales of refrigerators have boomed countrywide ahead of Eid-ul-Azha, one of the biggest festivals of Muslims, to be celebrated on November 7 with due religious fervour. Competitive price and better services offered by different companies including a...
Md Jamal Uddin, back from Egypt Banglalink's parent company Orascom Telecom Holdings has finalised the size of capital it invest next year in Bangladesh, top boss of the company said recently. Orascom Group Chief Executive Officer (GCEO) Ahmed Abou Doma...
BRUSSELS, Oct 29 (AFP): The European Financial Stability Facility said Saturday that all three ratings agencies-Standard & Poor's, Moody's and Fitch-have confirmed its AAA rating. The highest possible rating was confirmed on the basis of amendments decided in July that...
WARSAW, Oct 29 (AFP): A Chinese trade congress touted as the first of its kind in Europe drew nearly 2,000 delegates last Thursday in Warsaw keen to do business with Poland, the only EU state to have escaped recession. While...
The Bandaranaike International Airport (BIA) handled 5.26 million people in 2010 but will soon not have enough check-in counters and boarding gates to handle increasing traffic. "Its design capacity is six million people which we will reach by the end...
MEXICO CITY, Oct 29 (Reuters): Mexico's economy probably expanded around 3.7 per cent in the July-September quarter of this year, the finance ministry said Friday as the country recovers from a steep 2009 recession. Mexico's growth outlook could get a...
BANGKOK, Oct 29 (Xinhua): The Bank of Thailand (BoT) lowered its gross domestic product (GDP) growth projection for 2011 significantly owing to the widespread flood in upper part of the country, Mass Communication of Thailand (MCoT) reported Friday. Assistant BoT...
NEW DELHI, Oct 29 (PTI): Despite the uncertain economic environment globally, Foreign Direct Investment (FDI) in India surged 50 per cent to $20.76 billion from January-August, according to the industry ministry's latest data. During January-August 2010, the country attracted FDI...
LIMA, Oct 29 (Reuters): Vietnam Friday rejected a US proposal to establish new trade rules for state-owned companies, which Washington says often benefit from unfair subsidies and protections. The United States floated its plan in negotiations this week on the...
DU Correspondent The traditional micro credit financing has failed to ensure sustainable development for the poor in the society and in some cases it pushed the poor to be poorer, said a renowned economist in the capital Saturday. "There should...
FE Report Dhaka Tokai Ghar Cooperative Samity Ltd has launched a 'labour Bazaar' Saturday to help the street people and also educate the street urchins locally known as Tokai. Samity president Md Hasan Seikh while presiding over the inauguration programme...
LONDON, Oct 29 (AFP): Commodity prices rallied this week after a breakthrough deal to try and resolve the eurozone debt crisis helped ease stubborn concerns that it could spark a new global recession. EU leaders cut a crucial deal as...
FE Report The World Bank (WB) board Friday approved US$29 million loan for Bangladesh aimed at creating employment opportunities for vulnerable women in the country's impoverished northern districts, the lender said Saturday. The WB will disburse the loan to the...
Pankaj Dastider CHITTAGONG, Oct 29: Authority's fresh decision on gas staggering has angered business houses and industrial entrepreneurs in Chittagong region. Mills and factories have been forced to suspend production due to the government move to stop supply of gas...
FE Report Garment workers have demanded payment of Eid bonus and due wages by November 4 to avert any untoward incident. They called upon the garment factory owners to pay all their dues including the current month's salary and overtime...
AMMAN, Oct 29 (Reuters): Syrian forces shot dead at least 40 civilians Friday when they fired on demonstrators demanding international protection from President Bashar al-Assad's crackdown on pro-democracy protests, activists and residents said. Tens of protesters were also wounded and...
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