Sheikh Shahariar ZamanDomestic price of yarn is likely to come down in the coming months after India said it will lift export ban on cotton in November.India, which is the world's second biggest cotton grower, imposed the ban in April...
In an unprecedented tirade, Attorney General Mahbubey Alam has accused outgoing chief justice Mohammad Fazlul Karim of trampling the constitution, reports bdnews24.com. "I cannot praise the chief justice, in accordance with the tradition, during his farewell as he violated the...
Five top leaders of Jamaat-e-Islami including its chief Matiur Rahman Nizami have filed separate petitions challenging the validity of the International Crimes Tribunal (ICT), reports bdnews24.com. The petitions were filed by defence lawyer Imran Siddique, on their behalf, at the...
GAZIPUR, Sept 28 (UNB): Rival groups of Sramik League clashed over transportation of factory workers at Kalikoir leaving one dead and 10 injured Monday.Billal Hossain (50), Sramik League leader died on the spot and 10 others were injured when both...
SATKHIRA, Sept 28 (UNB): Indian Border Security Force (BSF) members fired five gunshots on Shakhra border under Sadar Upazila early Tuesday.However, there was no report of casualty in the firing, which took place at about 5.00am.BDR sources said BSF members...
NETRAKONA, Sept 28 (BSS): A procession was brought out in the district town today under the auspices of Ghatok Dalal Nirmul Committee (GDNC) Netrakona district unit demanding speedy trial of war criminals.A large number of local people from all walks...
FE ReportThe Securities and Exchange Commission (SEC) is investigating the alleged insider trading involving share selling of two listed companies at the Dhaka Stock Exchange (DSE). "We have received such allegations from a number of investors. The issue is now...
Finance Minister Abul Maal Abdul Muhith Tuesday told the House that the country fetched over US dollar 10.987 billion as remittance in 2009-10 financial year, reports BSS.The remittance sent by the expatriates during the period was about US dollar 1.3...
BRAC Bank Limited will enjoy exclusive Zoom Ultra service from Citycell. This service will further be extended to all priority and selected Gold Card Holders of the bank.In this connection, a corporate agreement was signed between BRAC Bank and Citycell...
FE ReportThe second branch manager conference-2010 of Pubali Bank Ltd was held in the city recently.DMDs Khurshid-ul Alam, Safiul Alam Khan Chowdhury, general manager Mohiuddin Ahmed attended, among others.Deputy managing director (Admin) Khurshid-ul Alam in his speech asked the branch...
FE Report Bangladesh Bank (BB) has identified 15 commercial banks and 10 financial institutions as poor performing organisations in disbursement of loans to small and medium enterprises (SMEs). "We've identified the banks and non-banking financial institutions (NBFIs) with the help...
FE Report Business leaders told a meeting Sunday that all packaging industries will incur great losses if the 'Compulsory Use of Jute for Packaging Goods Bill-2010' is executed. The parliamentary standing committee on textiles and jute ministry organised the meeting...
Siddique IslamThe central bank has started intervention in the foreign exchange market through selling the US dollar to the commercial banks more than one year back aiming to keep the market stable, officials said. As part of the intervention, the...
South Asia Insurance Company Ltd will float shares in the stock markets.A decision was taken in this regard at the 53rd board meeting of the company in the city recently, said a press release. Chairman of the company Ghulam Akbar...
High price of yarn affecting the garments sector will be brought down to a reasonable level within a week in consultation with stakeholders, assured the Commerce Minister Faruk Khan Tuesday, reports UNB.Yarn price has sharply increased in the domestic market...
Md Shahidullah Azim, director of Bangladesh Garment Manufacturers and Exporters’ Association (BGMEA) and managing director of Classic Group, has been re-elected president of All Community Club Ltd for 2010-2012. The panel of Mr Azim has swept the election by securing...
NameIFIL Islamic Mutual Fund-1Nature of the fundClose-end Mutual Fund of 10 (Ten) years tenureObjectiveThe objective of the Fund is to provide attractive dividend to the unit holders by investing the proceeds in the Capital Market and Money Market.Subscription OpenSeptember 26,...
TOKYO, Sept 28 (Reuters): Japan's Nikkei average fell 1.1 per cent Tuesday, dropping as the deadline passed for investors to receive dividends on Tokyo stocks for the financial first half-year and as the yen held near its highest in almost...
SHANGHAI, Sept 28 (Commodity Online): Rio Tinto, one of the world's leading mining and exploration companies, is taking new initiatives to launch varioius diamond products across mainland China. Rio Tinto's diamonds from its Argyle Diamond Mine in western Australia have...
SINGAPORE, Sept 28 (Commodity Online): Gold prices retreated marginally in Asian trade Tuesday mainly after the dollar strengthened while silver also eased from a 30-year high. Spot gold was seen trading at $ 1291.88 an ounce at 12.00 noon Singapore...
SINGAPORE, Sept 28 (Commodity Online): Global oil prices edged lower in Asian trade Tuesday mainly after economic concerns resurfaced due to Eurozone banking worries. Light sweet crude for November delivery was seen trading at $76.25 a barrel at 12.00 noon...
NEW DELHI, Sept 28 (PTI): India's spice exports have gone up by 19 per cent in the April-August period of the current fiscal to Rs 26 billion over the same period last fiscal on an increased demand.The country had shipped...
NEW DELHI, Sept 28 (PTI): Cardamom prices fell by Rs 20.20, to Rs 1,023 per kg in futures trade today, as speculators booked profits, triggered by subdued demand in spot markets.Adequate stocks at spot markets following increased arrivals from the...
Chittagong PortBerthing positionSeptember 29, 2010Berth No. NV Cargo LC LA DA Leaving I/DJ/2 Coco Hyun GI Sing Everett 23/09 29/09 914J/3 MU San Rice Kohsi Litmond 15/09 01/10 2018J/4 Ismar GI H.Pier Litmond 06/09 05/10 2653J/5 Seruwila Rice Col Seacom ...
FE Report The country's GDP growth rate in the current fiscal might reach 6.3 per cent, propelled by a strong domestic demand, Asian Development Bank (ADB) said in a report.However, the government expects the GDP (gross domestic product) to grow...
FE ReportThe SEC Tuesday asked the stock brokers to submit the scrip-wise client ledgers of all non-marginable securities to both the stock exchanges on the same day.The Dhaka Stock Exchange (DSE) officials told the FE Tuesday evening that some stock...
Shamsul Huq Zahid The capital market regulator, the Securities and Exchange Commission (SEC), received a plenty of suggestions from the parliamentary standing committee on the Ministry of Finance late last week to cool down an overheated market. Some of the...
FE ReportDhaka stocks posted modest gain Tuesday, as profit booking coupled with the lenders' compliance with the SEC's margin rules put a brake on their early rise. The market began with strong note, gaining more than 100 points, but it...
NEW YORK, Sept 28 (UNB): Prime Minister Sheikh Hasina has said her government has so far no plan to scrap the system of the caretaker government despite having bitter experiences of two years' of the army interim government. "We did...
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