Citi announced Wednesday the appointment of Rashed Maqsood as its Business Manager for Citi Bangladesh, replacing Mamun Rashid who is leaving the company to pursue other opportunities.Maqsood's appointment is effective immediately and he will be based in Dhaka. He will...
Jasim Uddin Haroon Big local companies are eying for production of mushrooms on a commercial basis to exploit the rising demand for the edible fungi both in domestic and international markets. The companies including Abdul Monem Group, Square, Daud Group...
Mr AHM Nazmul Quadir has recently joined InvestAsia Capital and Asset Management Ltd as CEO.Prior to joining this company he was the Additional Managing Director of Dutch- Bangla Bank Ltd for 3 years. Immediate before that Nazmul Quadir was the...
The Total Net Asset Values (NAV) of different mutual funds, managed by the ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), on the close of business operation on December 6, 2010 are as follows: ...
FE ReportA team of consumer rights protection department of commerce ministry Tuesday conducted a drive and realised fine worth Tk 54,000 from 10 shops and one hotel at Jhigatola kitchen market in city. The team, headed by Senior Assistant Secretary...
The Executive Committee of National Economic Council (Ecnec) is expected to approve Ashuganj Container Terminal project next week to facilitate Indian cargo movement through Bangladesh territory, reports bdnews24.com. "We've sent the proposal and Ecnec is likely to approve the project...
DU Correspondent A three-member teachers' team of Kebangsaan University of Malaysia (KUM) called on Dhaka University Vice-Chancellor Dr AAMS Arefin Siddique at his office Tuesday.Prof Mohd Fauzi Mohd Jani, dean of the Faculty of Economics and Business of KUM led...
Awami League (AL) General Secretary and LGRD and Cooperatives Minister Syed Ashraful Islam Tuesday said the opposition BNP is trying to hinder the trial of war criminals, reports BSS."The BNP has taken stand in favour of the war criminals by...
The country Tuesday recalled with grief the massacre of its leading intelligentsia just ahead of the final victory in liberation war 39 years ago, while ex-Pakistani generals familiar with the situation pointed their fingers at a colleague of theirs as...
Law Minister Barrister Shafique Ahmed has appealed to the international community to provide all-out support to Bangladesh in holding the trial of crimes against humanity."The present government is committed to putting the war criminals on trial… also to establish rule...
Leaders of Bangladesh Federal Union of Journalists (BFUJ) and Dhaka Union of Journalists (DUJ) have demanded arrest of all war criminals including Golam Azam and Salauddin Quader Chowdhury before the Victory Day.They also called upon the judges of the Tribunal...
DU Correspondent Dhaka University (DU) Tuesday observed the Martyred Intellectuals' Day in a befitting manner on the campus.The university organised various programmes including hoisting of black flags, bringing out silent procession, holding discussion and placing wreaths at memorials marking the...
FE ReportA devastating fire in a multi-storey garment factory in Ashulia Apparel Industrial Zone on the outskirts of the capital on Tuesday killed at least 25 people and injured hundred others trapped inside the building, police said.The plant is owned...
FE ReportDhaka stocks ended slightly higher Tuesday, as late profit-booking wiped off early gains.However, rally in banking and mutual fund sectors helped the market close in the positive terrain. The market opened with a positive mood, gaining 170 points, but...
President Zillur Rahman, Prime Minister Sheikh Hasina and Leader of the Opposition and BNP Chairperson Khaleda Zia paid homage to the martyred intellectuals Tuesday, marking the Martyred Intellectuals Day, reports UNB.Paying tributes to the illustrious sons of the soil, the...
Shamsul Huq Zahid The microfinance institutions (MFIs) in Bangladesh have been receiving both bouquets and brickbats in recent years. On one hand, a section of people and institutions of national and international repute regard them as saviours of millions of...
FE ReportMaj. Gen. Amjad Khan Chowdhury (Retd), managing director and chief executive officer, PRAN-RFL Group of Companies has been elected President of Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) for 2011. The new executive committee of the chamber, at...
Our CorrespondentCHITTAGONG, Dec 14: The YoungOne Corporation has resumed operation in all its production units in the CEPZ today after violent labour unrest that forced shut down of factories on December 11.General Manager of the CEPZ SM Abdur Rashid has...
Siddique Islam The inter-bank call money rate hit a record 62 per cent Tuesday as central bank cut back on liquidity support intended to keep inflationary pressure from building up.The call rate hovered from 35 per cent and 62 per...
The government has withdrawn Bangladesh Export Processing Zone Authority's (BEPZA) executive chairman Brig Gen Jamil Ahmed Khan, three days after the violent labour unrest in Chittagong that left three people dead and many more injured. He is being replaced by...
The Customs officials and armed police seized foreign currencies worth Tk 9.2 million from a young man at Shahjalal Int'l Airport Monday night. Police said Tushar Ahmed was travelling to Singapore with the currencies of Saudi Arabia, USA, Australia, Sweden...
Saudi Fund for Development (SFD) has approved 200 million Saudi Riyals for financing the construction of Dhaka Elevated Expressway (DEE). The amount is approximately US$ 53.33 million. The Cabinet on August 23 approved the route of the long-awaited elevated expressway....
Weather is likely to remain dry with temporary partly cloudy sky over many places of Dhaka, Rajshahi, Barisal, Chittagong and Sylhet divisions and at a few places over Khulna division today (Wednesday).Light fog may occur over the river basins of...
FE ReportMany parts of the capital city have been in the grip of a shrinking natural gas supply over the last few days from morning to afternoon that has hit industrial activities and household chores and refuelling of vehicles with...
Talha Bin HabibThe government has prepared a draft law on forming the 'Sonadia Deep Sea Port Authroity,' official sources said Tuesday. The Ministry of Shipping has sent the draft law to different ministries, seeking their respective suggestions. After considering the...
FE ReportThe government will sign an agreement with the Asian Development Bank (ADB) soon to receive technical support from the bank needed to finalise big projects under Public-Private Partnership (PPP), officials said.The Ministry of Finance (MoF) and the Manila-based bank...
Doulot Akter MalaPower sector cooperation, joint tourism and transit agreement will dominate bilateral talks during the ensuing visit of Bhutanese Prime Minister in Dhaka next month.Bhutanese PM Jigme Y Thinley, chairperson of SAARC, is scheduled to arrive on January 10...
NEW DELHI, Dec 14 (AFP): A Muslim group in India on Tuesday filed a petition with the Supreme Court challenging a ruling that divided a bitterly-contested religious site between Hindus and Muslims.A lower court in September ordered that the site...
FE ReportCommercial vehicle operators have demanded increase in the goods loading capacity of existing vehicles which will prompt the government to bear an additional Tk 450 billion in cost for road reconstruction. The operators raised the demand during an opinion-exchange...
Dr. Aminul Islam AkandaPersonal income tax is a tax levied on the income of individuals. The government collects tax through progressive tax system that is a universal practice in the world. This system has garnered support from economists and political...
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