Telenor Group President and CEO Jon Fredrik Baksaas arrives today (Monday) on a three-day visit to Bangladesh.Telenor CEO will join the inauguration ceremony of Grameenphone's newly built head office GPHouse. He will also meet with Finance Minister AMA Muhith and...
FE Report The call money rate eased slightly Sunday, first working day after the Eid-ul-Azha festival, as the central bank injected a substantial amount of fresh fund into the market.The inter-bank call rate ranged between 15 per cent and 25...
Md Mazadul Hoqueback from SatkhiraMore than 30 per cent crop production in Satkhira, one of the coastal districts in Bangladesh, declines every year due to excess soil salinity, according to sources.Salinity causes unfavourable environment and hydrological situation that restrict normal...
ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has annonced the Net Asset Values (NAV) of its two unit funds, according to a press release.ICB AMCL Unit Fund: The total NAV of ICB AMCL...
A seminar on on "Basel-II under the Executive Development Programme" organised by Islami Bank Bangladesh Limited (IBBL) was held at its head office in the city recently, according to a press release.Bangladesh Bank Deputy General Manager KM Abdul Wadud was...
AIBL 1st Islamic Mutual FundNature of BusinessClosed-end Mutual Fund of 10 (Ten) years tenureObjectiveThe objective of the Fund is to provide attractive risk adjusted returns to the unit holders by investing the proceeds in the Capital Market and Money Market...
Sheikh Shahariar ZamanThe government is considering signing economic partnership agreement (EPA) with Japan to strengthen bilateral relations between the two Asian countries."The bilateral trade between the two countries has reached $1.3 billion and in the future we want to sign...
BNP has expelled its vice-chairman Nazmul Huda, reports bdnews24.com. The main opposition's office secretary Rizvi Ahmed made the announcement at a press briefing at the party chief Khaleda Zia's office in Gulshan following a meeting of the party's standing committee....
Prime Minister Sheikh Hasina said Sunday the government has decided to purchase new combat planes and helicopters with short range air missile defense system, reports UNB.Unveiling her government's plan to modernise the country's armed forces with sophisticated weapons at a...
Zaglul Ahmed ChowdhuryThe much-hyped summit of the North Atlantic Treaty Organisation (NATO) in Portugal's capital Lisbon has definitely brought the Afghan war scenario to the fore to the extent that the militarily powerful Western nations view the tangle as most...
FE ReportThe securities regulator Sunday reduced the ratio of margin loan again to 1:0.5 from 1:1 in a move to cool down an overheated market.It has also ordered the merchant banks and stock brokers not to provide margin loans to...
FE ReportDhaka stocks rose Sunday after a five-day Eid vacation, supported by fresh buying on fuel, power and insurance issues.The DSE General Index (DGEN), the main gauge of the market, crossed 8600-mark briefly at a final stage. At the fag...
FE ReportThe government has decided to enact a new law styled 'Mutual legal assistance', aiming to facilitate exchange of information with regard to siphoned-off money with other nations.The decision was taken Sunday at a meeting of the Coordination Committee on...
FE ReportTanners have decided to stop buying rawhides for an indefinite period in the wake of charging higher than the rate fixed by the authorities earlier.The decision was taken Sunday after an emergency meeting of the Bangladesh Tanners Association (BTA),...
Prime Minister Sheikh Hasina left Dhaka Sunday night to start her three-nation tour to Russia, Belgium and Japan. She left Shahjalal International Airport for Dubai by an Emirates flight at 9-20pm on way to London and St. Petersburg, Russia. The...
SAVAR, Nov 21: At least nine persons including two children and three women have died in a head-on collision between two buses at Kabirpur of Ashulia. The accident occurred around 6:30pm, Ashulia police sub-inspector Abid Hossain said on Sunday. The...
Preparations are underway to hold the 16th Dhaka International Trade Fair, organisers have said. The fair, largest of its kind, is arranged every year by the Export Promotion Bureau (EPB) at the capital's Sher-e-Bangla Nagar since 1995. EPB vice-chairman Jalal...
Mohammad MufazzalThe Ministry of Finance (MoF) has asked six listed state-owned enterprises (SoEs) to inform the ministry about their status of offloading additional shares.It also has decided to offload another 24.55 per cent shares of Rupali Bank in a move...
FE ReportThe overcrowded Dhaka city was still in a holiday mood on the first working day Sunday after Eid-ul-Azha vacation. This year the three-day Eid holiday was coincided with two-day weekend on Friday and Saturday. The usual gridlock was absent...
FE ReportThe row between Bangladesh Petroleum Corporation (BPC) and Kuwait Petroleum Corporation (KPC) over carrying petroleum products has been finally settled as the KPC has agreed not to supply fuel with older vessels, officials said Sunday.The state-owned BPC and the...
FE ReportJapan is keen to go for joint venture investment in different sectors in Bangladesh like environment, food safety and infrastructure. A high-powered Japanese trade delegation is now visiting Bangladesh to undertake feasibility study in this regard.The 30-member visiting team...
Our CorrespondentCHITTAGONG, Nov 21: Bangladesh Ship Breakers Association elected new executives after holding its annual general meeting (AGM) in Chittagong on November 13 last.The AGM was held at a local hotel with president of the association Jafar Alam in the...
FE ReportA police sub-inspector was injured after a gunfight between policemen and fleeing muggers at Dhanmondi in the city early Sunday, the police said.Dhanmondi thana police said their patrol team challenged a private car at about 12:45am for its suspicious...
Canada, one of the top destinations of migration for Bangladeshi people, has agreed to hire farm labours for the first time for its Saskatchewan province, Labour and Employment Minister Khandaker Mosharraf Hossain said Sunday, reports UNB. Top government officials of...
MUMBAI, Nov 20 (Commodity Online): Mentha oil futures moved down in the early trading due to subdued trading activity and profit taking Saturday. NCDEX menthe oil November contract in futures retreated by Rs 9.10 at Rs 1,170.90 a kg budging...
NEW DELHI, Nov 20 (Commodity Online): India's cotton output is estimated to be of 35.7 million bales for 2010-11 seasons, said Cotton Association of India (CAI) on November 16th. The data is based on October 31 estimates. Of the total...
NEW DELHI, Nov 20 (PTI): Palmolein and crude palm oils recovered by Rs 10 per quintal on the wholesale oils and oilseeds market today largely on firming global trend.Elsewhere, other edible and non-edible oils continued to trade in a tight...
NEW YORK, Nov 20 (Commodity Online): Gold and oil prices fell for the weekend close in New York mainly on concerns over economic slowdown as China prepared to fight its soaring inflation. Light sweet crude for delivery in December, dropped...
NEW DELHI, Nov 20 (Commodity Online): India retained its second spot behind China in global garlic production and also become one of the major exporter of the spice. According to analysts India could even pip China as its domestic production...
LONDON, Nov 20 (Commodity Online): China's clean-up action in smelting plants may impact the lead and zinc market in the coming days.Even as Chinese government is determined to cap annual smelting of lead and zinc at 5.5 million tonnes and...
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