FE ReportFood and disaster affairs minister Abdur Razzaque Wednesday urged the donor community to come up with appropriate development aid for people vulnerable to disasters, spurning the practice of what he called support for 'software' activities. "I do want more...
HONG KONG, Apr 28 (Agencies): A global markets sell-off spread to Asia Wednesday, sending the region's stocks lower amid fears the worsening European debt crisis would throw the world economic recovery off track. Selling was widespread across Asia after European...
The 25th annual general meeting (AGM) of the United Insurance Company Limited (UICL) was held at the Bangabandhu International Conference Centre in the city recently, said a press.During 2009, the company's pre-tax profit was Tk 74.26 million. As on 31st...
MUMBAI, Apr 28 (Economic Times): Equities ended near day's lower levels Wednesday in line with sell-off in global markets after the Standard & Poor's downgraded Greece's rating to junk and lowered Portugal two notches. Bombay Stock Exchange's Sensex closed at...
Peoples Insurance Company Limited (PICL) declared 20 per cent bonus share in its 25th annual general meeting (AGM) held at the Ladies Club in the city Tuesday, a press release of the company said. Acting Chairman Nazmul Ahsan Khaled and...
THIMPHU, April 28: Amid fragile peace, shaky economies and destabilising climatic conditions, leaders of the south Asian countries rallied for a more potent South Asia Association for Regional Cooperation (SAARC) body, to tackle pressing issues in the region -- home...
Shahiduzzaman KhanThe row over the country's growth rate continues with the Asian Development Bank (ADB) and the International Monetary Fund (IMF) projecting the current fiscal year's Gross Domestic Product (GDP) growth downward again. But Finance Minister AMA Muhith has refused...
FE Report The government Wednesday urged the garment workers to refrain from violence, saying that their wages will be increased within the next three months.The announcement came following two recent violent unrests at Mirpur and Narayanganj that jolted the country's...
Prime Minister Sheikh Hasina Wednesday presented two innovative proposals - setting up Himalayan Council on the model of the Artic Council to help the climate-victim nations in South Asia and an International Adaptation and Research Centre (IARC) in Bangladesh to...
The Cabinet Committee on Economic Affairs on Wednesday approved a project to hand over two incomplete jetties of Mongla Port Authority to private management for long-term development under the Build-Operate-Transfer (BOT), reports UNB.The approval was given in the 7th meeting...
FE ReportDhaka stocks closed marginally higher amid choppy trading Wednesday as profit taking on some heavyweights capped early gains. Steepest rise in banking and leasing issues put the market on the positive terrain despite telecommunications, fuel and power, and pharmaceuticals...
Nazmul AhsanThe government is likely to amend the Bankers' Book Evidence Act, 1891 and the Foreign Exchange Regulation Act, 1947 soon to make them time-relevant, official sources said.The Ministry of Finance (MoF) has undertaken the move last week as both...
BNP will march towards the Election Commission (EC) on May 3 demanding cancellation of the Bhola-3 by-election, bdnews24.com reports. The main opposition also demands resignation of the election commissioners. The party's standing committee member, Nazrul Islam Khan, announced the programme...
The Permanent Secretariat of SAARC Development Fund (SDF) with initial capital of US$ 300 million was inaugurated by the South Asian leaders in Thimphu, Bhutan Wednesday. The SDF will serve as an umbrella financial institution for all SAARC projects and...
The US is going to more than double its financial aid in the coming financial year to help Bangladesh address challenges of climate change. United States Climate Envoy Ambassador Todd Stern made the disclosure when he met Speaker Abdul Hamid...
Mohammad MufazzalThe securities regulator is going to increase the lock-in period for shares, which are issued under pre-IPO placement, in a move to stop abuse of the system and increase the supply of shares in the capital market, officials said.The...
FE ReportThe fund allocated by the interim government for the purpose of agricultural research couple of years back remained idle mainly due to lack of policy support, official sources said."The entire amount of the fund still remained unutilised mainly because...
FE ReportThe country's southern region will experience rapid development after the opening of the proposed Padma Bridge, which will help remove the existing regional inequalities by stimulating growth, Food Minister, Muhammad Abdur Razzaque said."The government is committed to having the...
FE ReportSmall and Medium Enterprises Foundation (SMEF) will take required move to explore international market for locally produced light engineering products due to global demand, a press release said."We have already taken initiatives to export our light engineering products by...
From Fazle RashidNEW YORK, April 28: United States, the world's largest and strongest economy, may face another crippling economic downturn unless it takes immediate steps to rein in its structural fiscal deficit. Greece's rescue package of euro 45 billion, many...
Mashiur RahamanDemand for semi-skilled and skilled workers, particularly in the electro-mechanical sector is increasing rapidly in the UAE member state Abu Dhabi, thanks to the restoration of recession hit gulf economy."Responding to gradual recovery from the latest economic recession, the...
WASHINGTON, Apr 28(AP): An increase in terrorist attacks in Pakistan and Afghanistan triggered a spike in the number of civilians killed or wounded there last year, pushing South Asia past the Middle East as the top terror region in the...
Malaysian business team expressed their keen interest to invest in different sectors like infrastructural sector as such they have come to Bangladesh to explore the scope of their investment.The expression was disclosed when visiting eight members of Malaysian business team...
MA Khaleque has been reelected chairman of Fareast Finance and Investment Limited in its 105th meeting of the board of directors.After completion of Masters from Dhaka University, MA Khaleque started his business career in the year 1975 as the managing...
FE ReportThe 10th World Intellectual Property Day was observed in the country Monday, with a call to formulate a national intellectual property (IP) policy to establish a common framework for protecting the country's intellectual properties. The policy will help promote...
FE ReportRahimafrooz Group selected 10 lucky consumers in the city Tuesday. Of them, one will watch the inaugural ceremony and opening match of the FIFA World Cup-2010 in South Africa next June.Rahimafrooz, the exclusive franchisee of the full-range of lubricant...
Holders Abahani Limited continued their winning run in the Citycell Bangladesh League with an emphatic 5-1 victory over Rahmatganj MFS in the day's lone match at the Bangabandhu National Stadium (BNS) in the city Tuesday, reports UNB. With this win,...
Europa Youth Club maintained their winning run in the Premier Bank Metropolis First Division Basketball League outplaying Rangers Club by 77-42 points at the Dhanmondi Basketball Gymnasium Tuesday, reports UNB. The winners led the first half 43-23.Herman caged 25 and...
Dhaka and Nilphamari DSAs won their matches in the 30th Inter-District Cricket Championship beating their respective rivals at separate venues across the country, reports UNB.In the day's matches, Dhaka DSA (175/10) beat Narayanganj DSA (169/10) by six runs at Mymensingh...
KARACHI, Apr 27 (PTI): Annoyed by the hype over his marriage to Indian tennis star Sania Mirza, Pakistani cricketer Shoaib Malik has appealed to the media to practice some restrain. Malik said due to the continuous attention, he and Sania...
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