KANDAHAR, June 10 (AFP): NATO Thursday blamed the Taliban for a suicide attack that killed at least 40 Afghan wedding guests in an area where US-led troops are massing to drive insurgents from their fiefdom.Officials said a suicide bomber strapped...
UNITED NATIONS, June 10 (AP): The United States (US) and its allies won approval for the toughest UN sanctions against Iran for refusing to negotiate on its suspect nuclear programme - but they're not the 'crippling' penalties US Secretary of...
SEOUL, June 10 (AFP): A South Korean rocket trying to put a satellite into orbit exploded Thursday less than three minutes after blast-off, dealing another blow to Seoul's dreams of joining Asia's space race.Science and Technology Minister Ahn Byong-Man told...
Obama vows $400m for PalestiniansWASHINGTON, June 10 : President Obama pledged an infusion of $400 million in aid for housing, school construction and business development in the Palestinian territories Wednesday, saying after a one-on-one meeting with Palestinian leader Mahmoud Abbas...
FE ReportThe government has set a target to mobilise Tk 207.77 billion foreign assistance, 15.71 per cent of the total Tk 1321.70 billion national budget, from foreign donors in the next fiscal to finance the budget expenditures.The expected overseas loans...
FE ReportThe securities regulator Wednesday approved the prospectus of the Janata Bank First Mutual Fund (JBFMF) and the trust deeds of Southeast Bank First Mutual Fund and Mercantile Bank First Mutual Fund.The Securities and Exchange Commission (SEC) has also approved...
FE ReportAmerican Express regional executives from Global Network Services (GNS), Japan, Asia Pacific and Australia (JAPA), including Cheng Heng Chew, Vice President and Head of New Business Partnerships and Arnar Abrol, Vice President of GNS Merchant Strategy, arrived in Dhaka...
SM Abu Mohsin and Principal M Wazhiullah Bhuiyan have recently been re-elected chairmen of the Executive Committee (EC) and Audit Committee (AC) of NCC Bank Limited respectively, according to a press release.This was disclosed at a meeting of the board...
With a view to promote small and medium entrepreneurs and provide support to agricultural activities in Ashulia area, Bank Asia Limited has opened the first SME/Agricultural branch at Ashulia in Savar Thursday, said a press release.Director of the bank Sohana...
A workshop on "ICT Risk Management: IT System Audit" organised by the Training Institute of Southeast Bank Limited (SEBL) ended at its head office in the city recently, said a press release.Bangladesh Bank DGM Abdul Matin Mahboob gave the keynote...
FE Report Dhaka stocks rose more than one percent Thursday, hitting a fresh high on buying of energy, banking and leasing issues after getting clearance that the government will not impose tax on capital gain on individual investors. The DSE...
FE Report The government will borrow more from the banking sector than from non-banking sources to fund the budget deficit for the fiscal year 2010-11 (FY11). It is set to borrow Tk 156.80 billion from the banking system, up by...
FE Report Finance Minister AMA Muhith in his budget speech Thursday said the government is highly committed to raise the capacity and efficiency of Chittagong and Mongla ports to ensure their development. Regarding the matter, he said construction of the...
From Fazle Rashid NEW YORK, June 10: US Federal Reserve Chairman Ben Bernanke appearing before the House Budget Committee answered probing questions for more than two hours yesterday warning that the federal budget appears to be on an unsustainable path...
FE ReportDr. Kandeh K.Yumkella, Director-General of United Nations Industrial Development Organisation (UNIDO) expressed his firm commitment to support Bangladesh's science and innovation infrastructure within BCSIR through the Ministry of Science and ICT in the coming year under various international technical...
BSRM Steels Limited has approved a 15 per cent stock dividend for its shareholders for the year 2009, according to a press release. The approval was given at the eighth annual general meeting (AGM) of the company in the city...
Our CorrespondentCHITTAGONG, Jun 10: Chittagong trade body leader and ruling party MP Abdul Latif Wednesday urged the commerce ministry to extend the time limit for import of old cloth up to June 30 considering the interest of the poor and...
The ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared the Net Asset Values (NAV) of its ten mutual funds, according to a press release.ICB AMCL First Mutual Fund: The total NAV of...
Azizul Islam Talukder, a prominent insurance personality, has recently joined Homeland Life Insurance Company Limited as its Managing Director (MD), according to a press release.Office of the Chief Controller of Insurance has already given their consent to his appointment on...
FE ReportThe proposed budget is set to provide a significant volume of funds for the communications sector giving over 230 per cent higher allotment to the sector's single agency to implement its lone bridge construction project on the river Padma....
The High Court directed Thursday The Bangladesh Observer's publishing organisation Al-Helal Printing and Publishers Ltd to maintain status quo on all kinds of transaction on all movable and immovable properties including bank accounts, investment and securities, reports UNB.Justice Sayed Refat...
FE ReportThere has been allocation of Tk 81.49 billion (8,149 crore) in the newly proposed budget for the fiscal year 2010-11 for the ministry of health and family welfare for service expansion, upgradation of facilities and recruitment of manpower.Aiming to...
FE Report The government will establish an 'Insurance Development and Regulatory Authority' very soon to facilitate the country's insurance sector. "In order to synchronise the activities of the existing 'Insurance Department' with Insurance Act, to maintain proper control and supervision...
FE ReportThe proposed budget for the fiscal year 2010-11 has allocated Tk 12.41 billion (1241 crore) for the Ministry of Women and Childrens' Affairs for women empowerment and children welfare.The amount has been allocated aiming to increase women's participation in...
FE Report Finance Minister AMA Muhith Thursday in his budget speech said the government will keep trying to contain inflation at 6.5 per cent in 2010-11 fiscal year. "We know the first victim of inflation is the poor people. We...
The shortlist of 19 nominees for the 2010 cycle of Aga Khan Award for Architecture was announced recently by the Master Jury. The nominees, which range from a textile factory in Turkey to a school built on a bridge in...
FE ReportThe proposed budget has set a target to get rid of the burden of the sick state-owned enterprises (SoEs), and it keeps no fund for privatisation of other enterprises."The sick industries incurring loss for 15 years will either have...
FE ReportThe stimulus package introduced earlier for the local exporters to tide over global financial meltdown will continue as the finance minister allocated a further Tk 20 billion for the export sectors for fiscal 2010-2011.The core subsidy provided in the...
BNP has said the proposed national budget for 2010-11 fiscal is to protect the interest of the ruling party men, supporters and opportunists, reports UNB.Secretary general Khandaker Delwar Hossain giving the party's instant reaction to the budget at a press...
FE Report The government has set a target to disburse Tk 120 billion as agriculture credit through banks and non-banking financial institutions for fiscal (FY) 2010-11. Finance Minister Abul Maal Abdul Muhith disclosed the target in his budget speech Thursday....
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