Nazmul AhsanMalaysia has agreed to allow duty-free entry of Bangladesh products into its market provided the latter starts negotiations on a bilateral free trade agreement (FTA), official sources said.The duty-free facility, as sought by the Bangladesh government recently, would be...
Monira MunniFavourite summer fruits-mango, jackfruit, blackberry and litchi-have started to appear in the city markets but they are out of the reach of the common people due to its high asking prices.Traders claimed fruit prices are usually high in the...
Siddique IslamRemittances from expatriate Bangladeshis exceeded US$9.0 billion in the first 10 months of the current fiscal, marking a 16.72 per cent growth over the same period of last fiscal. The remittances from Bangladeshi nationals working abroad were estimated at...
The securities regulator has raised the forfeited amount to 15 percent from 10 per cent of the refund warrants of unsuccessful applicants as penalty for submitting duplicate applications for Initial Public Offering (IPO). The Securities and Exchange Commission (SEC) took...
Nasrul Hamid Bipu was selected as president of Real Estate and Housing Association of Bangladesh (REHAB), a press release said. The official statement stated that the 30th meeting of REHAB executive council Monday selected Nasrul for the organisation's highest post....
Mahmudur RahmanThe hunch-backed young man had had enough. It had not been a productive morning. The constant tapping of the often dark windows of the expensive cars passing the Gulshan traffic signals had yielded little. The savings grace had been...
FE ReportThe SEC said it would issue explanation letter to three companies, which have declared to split the face value of shares from their existing value despite the securities regulator's restriction.Recently three companies - Jamuna Bank, Summit Power Limited and...
FE Report Financial transactions including inward remittances in the form of subscription or ad of electronic media have come, for the first time, under scrutiny of the central bank, officials said. Under the new measure, commercial banks and financial institutions...
Munima SultanaThe government's plan to construct the Second Padma bridge has been deferred indefinitely as the Planning Commission denied to give approval Monday due to lack of funding arrangement.Officials said the project proposal of US$ 1.9 billion was submitted to...
The main opposition BNP took out a protest march in the city Monday afternoon demanding cancellation of the results of Bhola-3 by-election and resignation of the election commissioners, reports bdnews24.com. The procession of a few hundred people started from Muktangan...
From Fazle RashidNEW YORK, May 03: A sense of relief has returned to Greece. Athens clinched a deal on a long delayed financial rescue package with its reluctant European partners and the International Monetary Fund (IMF) yesterday. Some of the...
Mashiur RahamanTop Indian conglomerate Aditya Birla Group has recently acquired the Dubai-based ETA Star Cement Company that owns the Emirates Cement in Bangladesh. The group, through its wholly-owned subsidiary UltraTech Cement Middle East Investments, has acquired Dubai-based ETA Star Cement...
They call this city the End of the World, and for many shrimpers whose entire lives have been spent here in Louisiana’s southernmost outpost, it suddenly feels like it. As officials continue to struggle to stem nearly 200,000 gallons of...
City Bank clinched the prestigious 'Strongest Bank in Bangladesh - 2010' award while its Chief Executive Officer K Mahmood Sattar won the 'Leadership Achievement Award 2010' at a ceremony titled "The QFC - Asian Banker Leadership Achievement Award and Strongest...
The Hongkong and Shanghai Banking Corporation (HSBC) Limited in Bangladesh opened its 12th branch in Narayanganj, says a press release. The new branch is located at 50, SM Maleh Road, Tanbazar of the district. The branch will serve both personal...
FE ReportThe SME Foundation started credit wholesaling programme around the country to boost the growth of the potential sector."Commercial banks and non-financial institutions often show their reluctance to give loan to SMEs as they find it riskier," Aftab ul Islam,...
FE ReportBangladeshi handicrafts and house ware producers bagged export orders worth US$0.4 million in the Hong Kong House Fair and International Home Textile Fair 2010.Eleven Bangladeshi companies have also secured prospective orders worth $ 0.5 million, said a press release....
Robi signed a Memorandum of Understanding (MoU) with Dutch-Bangla Bank Limited (DBBL) at the Robi's corporate centre in the city Sunday, said a Dutch-Bangla release.Robi managing director and CEO Michael Kuehner and DBBL Deputy Managing Director Abul Kashem Md Shirin...
Mehdi Musharraf Bhuiyan Back from Islamabad, PakistanWhile it is an undeniable fact that the use of cell phones for voice services have started to reach a saturation level in some parts of the developing world, the use of the same...
Asset and Investment Management Services (AIMS) of Bangladesh Limited has declared the Net Asset Values (NAV) of its three mutual funds, the company said in a press release.Aims First Guaranteed Mutual Fund: The NAV of AIMS First Guaranteed Mutual Fund...
Mashiur RahamanInadequate refueling and firefighting facilities in Sylhet Osmani International Airport is blocking the state-run Biman to commence Sylhet-London direct flights."Sylhet airport has no refueling station. Our aircraft can only fly on London-Sylhet-Dhaka route with optimum fuel but not in...
FE ReportLeading mobile phone operator Robi has introduced call conferencing service for its prepaid customers, which would enable group discussion simultaneously among multiple callers on their mobile phone devices.The recently renamed telecom giant has also unleashed an aging based tariff...
FE ReportGMG Airlines unveiled its new logo and inducted a Boeing 767-300ER in its fleet Saturday aiming to rule the skies through expanding wings and providing warmth of Bangladeshi hospitality to its customers. The new wide-body aircraft, painted with the...
MOSCOW, April 2 (AFP): Prime Minister Vladimir Putin yesterday stunned observers by proposing a merger between Russia's Gazprom, the world's largest gas firm, and Ukrainian state gas company Naftogaz. The surprise plan infuriated the pro-Western opposition in Ukraine in an...
NEW DELHI, Apr 2 (PTI): The Indian government yesterday said ICICI Bank and HDFC Bank cannot be called Indian-owned banks, setting at rest the debate generated over the nationality of the top two private sector lenders. "At best, the two...
WASHINGTON, May 2 (PTI): The United States has placed India along with 10 other countries on its 'priority watch list' for not providing adequate levels of protection or enforcement of Intellectual Property Rights. In its annual report on adequacy and...
ATHENS, May 2 (AFP): The Greek government prepared to launch today a fresh round of unpopular austerity cuts in order to secure loans desperately needed from the EU and IMF to regain control of a spiraling debt crisis. At the...
PARIS, May 2 (Xinhua): The Europe Union was considering to put on table the idea of creating a European rating agency, the European Commissioner for Internal Market Regualtion Michel Barnier declared in an interview published Friday. "I am considering, no...
RIO DE JANEIRO, April 2 (Xinhua): Brazil will be able to create up to 2.5 million new jobs in 2010, higher than a previous estimate of 2 million, said the country's labor minister yesterday. Brazil will have the best year...
LA PAZ, May 2 (Reuters): Leftist Bolivian President Evo Morales said on Saturday he had nationalised four power companies, including a subsidiary of France's GDF Suez, in his drive to tighten state control over the impoverished economy.Morales, a close ally...
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