FE ReportDhaka stocks edged slightly higher Sunday on major gains by the banking sector as turnover crossed Tk 15.0 billion-mark after more than two months, boosted by large pickings by institutional and retail investors. The benchmark DSE General Index (DGEN)...
Opposition BNP Sunday announced countrywide protest rallies on April 28 against what it termed 'unprecedented vote rigging' in the Bhola-3 by-election that was held on Saturday.The protest rally to be held in all districts, municipalities and divisional headquarters will also...
FE ReportThe country's mobile phone importers Sunday demanded massive reduction in handset taxes, saying the move will boost government revenue and stop illegal import of millions of cellular phones. Bangladesh Mobile Phone Importers Association (BMPIA) made the demand to Prime...
Sheikh Shahariar ZamanFour mutual funds (MFs), which got approval from the market regulator in the last two months to float shares, will have to follow the new SEC guidelines on private placement.The companies are LR Global, Popular Life First MF,...
The government has lifted a four-decade ban on Indian films in a bid to boost attendance at cinemas, a minister said Saturday, drawing loud complaints from local actors and directors, reports AFP.Films produced by India's huge Bollywood entertainment industry have...
Newly-appointed Ambassador of Republic of Korea in Bangladesh Taiyoung Cho Sunday said his country would recruit 4,400 labourers from Bangladesh. Among them, 1,127 have already received a seven-day briefing and are expected to leave the city for Korea soon, he...
A banker was found dead at a residence in the city's Topkhana Road Sunday afternoon. Shahbag police recovered the decomposed body of Kalyan Ghosh, 30, a staff of Prime Bank, from the 5th floor of a seven-storied building owned by...
A case was filed against Chief Election Commissioner (CEC) ATM Shamsul Huda for hurting the religious sentiments of Muslims through a statement. The plaintiff alleged that according to a news item published in the Dainik Amar Desh on April 16...
FE ReportThe SAARC Chamber of Commerce and Industry (SAARC CCI) Sunday adopted a number of resolutions, including acceleration of the process of economic integration of the region led by the private sector.It also suggested the public sector should be sensitised...
FE ReportThe National Board of Revenue (NBR) Sunday issued an order allowing members of parliament (MPs) to import duty-free cars specifying engine capacity with some conditions to check abuse of the facility.The NBR order has restricted import of luxury cars...
FE ReportBurglars made good their escape with over 965 tolas of gold ornaments and Tk 0.350 million in cash from a jewellery shop at Mirpur in the capital early Sunday.Shah Ali police said the criminals entered Dewan Jewellery housed in...
FE ReportBangladesh's government and private sector need to work together to build a positive image of the country in efforts to attract foreign investors, said German ambassador Holger Michael Sunday.His comments came at the luncheon meeting of Foreign Investors' Chamber...
FE Report The World Bank (WB) has urged the central bank to coordinate and speed up implementation of the information technology (IT) components and to formulate a comprehensive project plan that identifies all the dependencies. "The current global financial crisis...
FE ReportAmbassador of Netherlands Alphons Hennekens on Sunday said his country is keen to broaden the gamut of cooperation in the country's water sector, particularly in the coastal areas affected by climate change, as well as in river erosion management...
FE ReportBangladeshi seafarers will be facing challenges to meet the new international training and certification standards as some changes are likely to come at the International Maritime Organisation (IMO)'s convention.Mariners at a seminar said IMO, the United Nation's regulatory body...
WASHINGTON, April 25 (Xinhua): The International Monetary Fund’s policy- steering body, the International Monetary and Financial Committee (IMFC) yesterday called for the implementation of country-specific exits from stimulus, and pledged to deliver on the long-expected quota and governance reform. “The...
FE ReportThe Chairman of the National Board of Revenue (NBR) Dr. Nasiruddin Ahmed Saturday said the government is eager to promote CSR through tax incentives but transparency and accountability of CSR activities have to be maintained.Dr. Nasir said this at...
Bangladeshi expatriates living in Japan from now on can legally send their hard-earned money through NCC Bank Limited, said a press release. NCC Bank has signed an remittance payment agreement in this connection with Tokyo Branch of ItaÚ Unibanco SA...
Darrell Delamaide After languishing most of the week, crude oil prices galloped to the finish line on Friday, tacking on 1.7% and recouping most of last week's losses as positive new-housing sale data spurred most markets forward. The decision by...
FE ReportA high-profile Malaysian trade delegation arrives in Dhaka Monday to explore investment opportunities in Bangladesh.Officials said the delegation comprising members of the Construction Industry Development Board of Malaysia (CIDB) will call on communications minister and meet leaders of Federation...
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has clarified a news item published in the Saturday issue of the Financial Express (FE) under the headline 'Fire spectre looms, but RMG unit unfazed'.In its clarification, the BGMEA said: "The news published...
Monira MunniThe government will, in the draft shrimp policy, propose the introduction of licensing system to ensure that the chemicals and medicines used in the production of shrimp feed are of acceptable quality.There are no purchasing guidelines now as a...
FE ReportRegent Airways has signed up contracts and Letter of Intents (LoI) with the Canadian pilot training company CAE and the German airline IT solutions giant Lufthansa Systems to provide the Airline with world-class pilot training and IT-based optimization solutions,...
FE ReportMI Cement Factory Ltd, manufacturer of Crown Cement, will hold a road show today (Sunday) at Sheraton Hotel to determine the value of its shares from institutional bidders as a pre-requisite of book building method. Details of the company...
FE ReportIslami Bank Bangladesh Ltd (IBBL) will open 10 more SME Service Centres by the end of this year aiming to help develop the country's home-grown economy."We opened 10 SME service centers last year and another 10 will be added...
Dhaka University Institute of Nutrition and Food Science (INFS) will coordinate a 'Nutrition Awareness Programme', which is part of Nestle Healthy Kids Global Programme, said a press release. Nestle Bangladesh Limited signed a memorandum of understanding in this connection with...
FE ReportM/s Geebee (Bangladesh) Limited, a 100 per cent foreign-owned Indian company, will invest $9.513 million to set up a garments manufacturing industry for producing shirt, T-shirt, blouse, jackets and trousers in Karnaphuli Export Processing Zone (KEPZ).In this connection, an...
ATHENS, Apr 24 (Reuters): Debt-stricken Greece appealed to its European partners and the IMF for emergency loans Friday, yielding to overwhelming market pressure to start the first financial rescue of a member of the euro zone.
A discussion programme on "The Emerging Role of Finance Managers" jointly organised by ACCA Bangladesh and British Council was held at a city hotel Friday, said a press release. BRAC Bank Limited Chairman Muhammad A (Rumee) Ali was present as...
FE ReportHuawei Technologies Limited, a leading supplier of next generation telecom equipment across the world, Thursday awarded certificates to the participants who attended a training programme on GSM technology.Architect Yeafes Osman, State Minister for the Ministry of Science and ICT...
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