A vast area of the central part of the capital, including the Bangladesh Secretariat, plunged into a blackout Wednesday following a major technical fault at the Dhanmondi grid substation, reports UNB. The whole power supply to the Cabinet Division and...
FE ReportThe government has formed a high-powered committee, headed by cabinet secretary Abdul Aziz, to examine the proposals on separate pay scale for officials and employees of the Bangladesh Bank (BB) and on unified pay scale for three state-owned commercial...
THE incumbent governor of the central bank, who completed his first year in office last Monday, has been trying relentlessly to orient banks' lending to the agricultural sector. The stated goal is to boost farm output and, thus, help reduce...
Abu TaherTHERE are some worries mainly over rising commodity prices and surplus liquidity that are likely to create inflationary pressures and weaker balance of payments in Bangladesh. The International Monetary Fund (IMF) and some other multilateral capital donors in their...
Amirul IslamPrivate sector-led growth in South Asian countries can receive a major fillip and unlock the region's vast economic potential provided SAARC member nations initiate steps like reducing visa restrictions and non-tariff barriers, and improving customs procedures, says a report...
The Chittagong Hill Tracts (CHT) treaty was concluded in 1997 for restoring peace and instilling confidence among all people, particularly the members of the tribal communities living in this hill region of Bangladesh. However, discord and dissension seem still not...
Please refer to the article on bilateral trade published by you on South Africa Freedom Day on April 27th. There was a list of eleven items being exported from Bangladesh to South Africa. Among these items of export, it surprised...
A report sometime was startling and should cause righteous indignation among all to be concerned by it. It stated that police had seized huge quantities of date-barred insecticides with the owner of the company distributing the stuff admitting under police...
Karar Mahmudul HassanThe government, from chief executive at the top to the traffic constable at the bottom, appears to be seriously concerned about the fast deteriorating traffic congestions in capital city of the country in particular.The police authorities, particularly the...
Anshuman BeheraAFTER 39 long years, the Bangladesh Government is all set to bring the war criminals (WCs) of 1971 to justice. In its election manifesto the Awami League leader and its Prime Ministerial candidate, Sheikh Hasina, had made it crystal...
SINGAPORE, May 4 (Reuters): The dollar inched up Tuesday, boosted by strong US data indicating the world's largest economy was on the mend, but worries about Greece's bailout and China's policy tightening curbed earlier gain in Asian shares. The dollar...
Munima SultanaThe DMP drive to ban vehicles over 20 years old has apparently failed as 93 per cent of the seized vehicles return to the city streets despite the continuation of the decade-old crackdown.Officials said Bangladesh Roads Transport Authority (BRTA)...
Md Zainul Huda has joined Takaful Islami Insurance Limited as Managing Director recently, says a company release.He completed CA course in 1982 after obtaining Master's Degree from the University of Dhaka.Mr Huda started his insurance career with Progati Insurance Company...
SHANGHAI, May 4 (Reuters): China's key stock index fell 1.2 per cent Tuesday to its lowest close in seven months, led by bank and property shares after China's central bank raised banks' reserve requirement ratios to fend off inflation. HSBC's...
Our CorrespondentRAJSHAHI, May 4: The regional office of ENA Properties Limited was inaugurated at Alupatty Under Bolia thana of the city recently.Company Managing Director Engr Enamul Haque, MP, attended the inaugural function as chief guest while Deputy Managing Director Dr...
NEW DELHI, May 4 (Reuters): Most of India's diversified equity funds outperformed the benchmark index in April, as a significant exposure to small- and medium-sized firms and sectors like financials boosted unit values.Such funds, which form the largest category of...
SINGAPORE, May 4 (AFP): Oil eased in Asian trade today after touching its highest level in 19 months, but analysts said prices remained strong on concerns over a giant oil slick in the Gulf of Mexico. The announcement of a...
Banglalink and Augere signed an agreement on Transmission Bandwidth Lease in the city recently, says a press release. Managing Director and CEO of Banglalink Ahmed Abou Doma and CEO of Augere Jerry Mobbs signed the agreement on behalf of their...
Our CorrespondentGOPALGANJ, May 2: Young Women's Christian Association (YWCA), Gopalganj has distributed some 200 Arsenic-free filters among primary students and poor families of suburb areas of the district town recently.Deputy commissioner of the district Sheikh Yousuf Harun distributed the filters...
Our CorrespondentRAJSHAHI, May 4: Md Dilwar Hossain Bhuiyan, senior most general manager of Rajshahi Krishi Unnayan Bank (RAKUB) has recently been given additional charge of managing director of the bank by the Banks and Financial Institutions Division, Ministry of Finance....
May 04 Tuesday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Tuesday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.550092.2860106.39860.740664.433869.055364.6764Agrani Bank69.550092.1547106.36110.743364.399168.941064.4685FCBsStanChart69.6294.38107.810.7765.3670.0565.58HSBC 69.572993.3352107.70400.756264.766369.057465.0671Citibank naNANANANANANANABank of Ceylon69.590094.4501108.68130.766865.862269.092566.6742PCBsUttara Bank69.550092.6494106.57710.747364.205469.004364.6252AB Bank69.600093.4309107.47390.7521NANANABuying rates from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...
FE ReportPhoenix Finance First Mutual Fund, a closed-end fund of 10 years tenure, will make debut in the stock market Sunday.The Dhaka Stock Exchange in its board meeting held Tuesday gave nod to begin the trade of the mutual fund....
A workshop for the officers of Pubali Bank Ltd on "Core Risks Management and BASEL-II organised by its Internal Control and Compliance Division was held in the city recently, says a press release. Managing Director of the bank Helal Ahmed...
FE Report Dhaka has made a routine payment of US$682 million to the Asian Clearing Union (ACU) against imports during March-April of this calendar year, officials said Tuesday. The payment pushed the country's foreign exchange reserve down to $10.08 billion...
Import Bank of Bangladesh Limited (EXIM) held its sixth and seventh extra-ordinary general meeting (EGM) in the city's Bangabandhu International Conference Center Tuesday, says a press release.The shareholders unanimously approved the amendments of the articles of association of the company...
FE ReportGrameenphone Ltd (GP) reported Tk 17 billion revenues for the first quarter of 2010 registering an eight per cent growth from the first quarter of 2009.Total revenues for the quarter increased by about Tk 310 million and 1.8 per...
FE ReportThe shipping ministry is going to appoint operators for 12 berths of the Chittagong Port through tender to make the port more efficient."The process is likely to finish within three months, and it will bring more revenue to the...
FE ReportBangladesh is likely to seek duty-free access for 19 products to Malaysian market as the two countries are looking for ways to sign a Free Trade Agreement (FTA) by the end of this year, Commerce Minister Faruk Khan said...
Sonia H MoniA local innovator has invented a new technology believed to cut cost of producing sweet water prawn fries by more than 40 per cent.Sherajul Islam Khan managing director of Bismilla Hatchery Ltd said, "I have sold a total...
LONDON, May 4 (AFP): Britain's ruling Labour Party signalled Tuesday its supporters should use their votes tactically in this week's election, as the Financial Times declared its support for the opposition Conservatives.As it fights to win back ground just 48...
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