Doulot Akter MalaThe country's acute energy crisis and protracted decision making process has led to sharp decline in both local and foreign investment proposals in the current fiscal, officials said. Foreign Direct Investment (FDI) proposals dropped by 70.47 per cent...
Prime Minister Sheikh Hasina Sunday said her government has taken massive plans, including revival of commuter train services and construction of six railway flyovers, to free the capital city from traffic congestion, reports UNB. She spelt out the plan at...
M Azizur RahmanImmature decisions taken by successive governments, dilly-dallying in explorations by foreign firms and donors' reluctance to provide necessary funds have caused the country's unprecedented natural gas crisis, top officials said Sunday.The country's 'feeble' economy during the late 1990s...
FE Report An independent rights watchdog urged the government Sunday not to bring any change to the Anti-corruption Commission Act, saying that such a move would only undermine the commission's independence."If the law is changed as planned by the government,...
FE ReportDhaka stocks fell on profit taking Sunday despite financials gaining new ground with turnover hitting three months high, dealers said. The benchmark DSE General Index (DGEN) closed at 5631.29, dropping 23.58 points or 0.41 per cent, after ending flat...
NEW YORK, May 2 : Police found an "amateurish" but potentially powerful bomb that apparently began to detonate but did not explode in a smoking sport utility vehicle in Times Square, authorities said Sunday.Thousands of tourists were cleared from the...
Nazmul AhsanA number of government agencies and the Bangladesh Bank have opposed certain clauses incorporated into the draft agreement sent by India on its $1 billion loan proposal, official sources said.The major clauses 'in question' include the provisions for importing...
Assam separatist leader Ranjan Daimary and his two comrades arrested from elsewhere were handed over to Indian border security force (BSF) at Dawki, opposite Tamabil border Saturday, said reports reaching from across the border.A BDR 21 Battalion official stationed in...
Mohammad MufazzalThe securities regulator Sunday fined two big traders and two companies Tk 66.8 million after they were found guilty of manipulating share prices by spreading rumours and breaching laws, officials said. The Securities and Exchange Commission (SEC) slapped the...
FE Report Bangladesh Bank (BB) will not encourage the culture of waiving defaulted farm loans, the central bank governor said Sunday. "We would never encourage the culture of waiving defaulted agriculture loans, nor tolerate this culture," BB Governor Atiur Rahman...
Our CorrespondentCHITTAGONG, May 2: An international flight of Biman Bangladesh airlines, the national flag carrier, on Saturday landed at Chittagong Shah Amanat International Airport with a missing flap, a part of the wing of the aircraft.Airport officials said, BG-022 of...
The Election Commission (EC) Sunday decided to ask Jamaat-e-Islami to amend its constitution, so that it conforms to the electoral laws, reports bdnews24.com. The commission told the fundamentalist Islamist party to amend certain sections of its constitution by May 31...
THE 16th summit meeting of the South Asian Association for Regional Cooperation (SAARC) has ended amid the usual pageantry in the Bhutanese capital, Thimpu. The SAARC was founded in 1985 and, thus, the latest summit also marked the silver jubilee...
Shamsul Huq Zahid In Bangladesh, until now power is more or less is synonymous with crisis. But the government might soon be facing a real dilemma with the sector when a good number of new rental and peaking power plants...
Zubair HusseinThe Right to Information (RTI) Act has been in existence for over a year. But ironically, this Act which is full of significance in creating conditions for good governance, accountability of the government and promoting people’s basic rights to...
It was prominently written in the election manifesto of the Awami League that they would take tough and relentless steps against corruption.But thirteen months down the road they are sensed to be doing just the opposite. The Cabinet has proposed...
It is not that authorisation cannot be bought and sold for money in this country. Even then, it provides the assurance of a minimum of standard whereas the unauthorised ones are not bound by any regulation or supervision and prove...
The new guidelines issued by the World Health Organisation to expand access to HIV testing mark a paradigm shift in the approach to detection of the viral infection.The emphasis will now be on making the facility available at all the...
Fazal M. KamalTHAT a mélange of hubris, power, money and avarice can be an awfully volatile brew has been known throughout human history. Yet, as is well-known by all, history keeps repeating itself, nauseatingly. The latest saga involving Goldman Sachs...
Abdullah Mohibuddin ‘Pay Income Tax and be an Hon’ble Taxpayer’ - this is the slogan of the National Board of Revenue (NBR). Bangladesh is now 38 years old, but unfortunately the NBR could collect the income taxes only from 600,000...
TOKYO, May 2 (Bloomberg): Asian stocks rose last week, as better-than-estimated company earnings and forecasts boosted confidence in global economic growth. Concerns over Europe's debt crisis weighed on gains. NEC Corp, Japan's largest maker of personal computers, jumped 5.4 for...
NEW YORK, May 2 (Reuters): Chinese oil company MIE Holdings Corp shares are set to be priced higher than rivals, but the firm depends heavily on its relationship with a big state customer, making its planned initial public offering a...
MUMBAI, May 2 (Economic Times): Good things come in small packets, so goes the saying. But the adage will have to make an exception when it comes to the post-listing performance of quite a few small-sized (Rs 1.50 billion and...
KARACHI, May 2 (Business Recorder): The foreign investors' interest continued at the local equity market with a net inflow of $80.285 million witnessed in the month of April. However, this inflow was slightly lower as compared to $109.428 million invested...
NEW DELHI, May 2 (Economic Times): The six-year bonds advanced for a fifth day, the longest winning streak in four months, on speculation that banks have surplus cash to invest in debt. The most-traded notes were poised for a second...
NEW YORK, May 2 (Reuters): Stocks tumbled Friday to close out the worst week since January as news of a criminal probe into Goldman Sachs unnerved investors already anxious about the prospects for heavy regulation from Washington.US prosecutors in New...
LONDON, April 30 (AFP): Commodity prices diverged this week as investors reacted to the Greek debt crisis that has affected major financial markets, traders said. There was meanwhile a record high for cocoa prices owing to strong demand and tight...
YANGON, May 2 (Xinhua): Two Japanese companies have reached respective contract agreements with Myanmar's power authorities to provide related services to a hydropower project in the country, an official daily reported yesterday. One agreement on consulting services of in-house engineering...
WASHINGTON, Apr 2 (PTI): Known as the pioneer of herbal care in India and responsible for taking this traditional medicine system overseas, beauty expert Shahnaz Husain has launched plant stem cell cosmetic products in the US. Husain is currently in...
GOPALGANJ, May 2: A views exchange meeting and clients' gathering of Islamic Bank was held at Islamic Bank Bhaban in Gopalganj town Monday on the occasion of the bank's service month 2010.Gopalganj branch of Islamic Bank Bangladesh Ltd (IBBL) organised...
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