Bangladesh is set to experience problematic internet connection, as repair work began on its fibre optic backbone Sunday. An official of Bangladesh Telecommunication Company Ltd (BTCL) said, "The interruption has started after the arrival of a ship to repair the...
Police recovered the body of a youth from the Kamalapur stadium area in the city Sunday morning. The deceased was identified as Haque Mawla (18), a construction worker. Sabujbag police said that Mawla might have been murdered any time during...
Mahmudur RahmanThe face of the little boy plastered on the glass car window seemed almost grotesque, the mouth contorting as he attempted to literally will his words through. He succeeded. Rolling down the window the passenger looked indignantly at him...
Absconding top terror Shahadat has been threatening to kill a trader of the city's Mirpur area, demanding toll of Tk 20 million, reports UNB. The trader and his family members demanded repatriation of Shahadat, who is now hiding in India...
FE Report The central bank has asked the commercial banks to submit their individual agriculture credit target for 2010-11 reflecting 5-10 per cent growth over the ongoing fiscal year, officials said Sunday. "All scheduled banks will have to inform their...
Jasim Uddin Haroon The number of the country's employed labour forces was 51 million in 2009 out of 59.3 million economically active population, according to a Bangladesh Bureau of Statistics (BBS) survey. The BBS conducted the survey in 2009 on...
FE Report The central bank continued its intervention in the inter-bank foreign exchange market Sunday through buying US dollar from the commercial banks to keep the market stable, officials said."We've bought US$4.0 million more at market rate from the commercial...
Mehdi Musharraf BhuiyanThe country’s textile manufacturing is set to lose around 30 per cent in terms of export volume during the ongoing fiscal, leaders in the sector warned Sunday, as the prices of cotton and yarn continue to bite. The...
Emirates will launch a new service to Al Medinah al Munawarrah throughout summer, catering for increased demand during this peak travel period, said a press release.The twice weekly flights will be in place from 2nd July to 24th September and...
Renowned industrialist and incumbent chairman of Southern University Foundation (SUF), Khalilur Rahman was re-elected as SUF chair unanimously at the executive committee meeting, says a press release.Managing Director of Bangladesh Ship Breaking Limited MD Liakat Ali Chowdhury and Mostafa Group...
NEW YORK, May 22 (Bloomberg): The slump may be ending for sugar, this year's worst-performing commodity, as importers replenish stockpiles and as demand increases for ethanol made from cane.Raw sugar may trade as high as 20 cents a pound in...
As has been the usual pattern for at least the past year, the spot prices of gold and silver are now being suppressed going into the COMEX and OTC options expirations that occur next Tuesday and Wednesday, respectively, reports BBC.Since...
LONDON, May 22 (Bloomberg): Crude oil fell as European governments struggled to contain the region's debt crisis, raising concern that it will slow the global economic recovery.Futures dropped 1.1 per cent as European Union finance ministers met today in Brussels...
NEW YORK, May 22 (Bloomberg): Cattle futures rose for the first time in three days on speculation that US meatpacker demand for animals is outpacing available supplies. Hogs rebounded from an eight-week low.The US feedlot herd was 3.4 per cent...
Helvetia Fast Food and Coffee House (Pvt) Limited observed its 12th founding anniversary at its Uttara Outlet in the city Friday, said a press release. Civil Aviation and Tourism Secretary Shafique Alam Mehdi was present in the founding anniversary programme...
LONDON, May 22 (Bloomberg): Cocoa prices rose to a one-week high on signs that a global-production deficit will widen. Coffee gained for the first time in three sessions on estimates that supplies will shrink.Cocoa output will trail consumption by 69,000...
BANGKOK, May 22 (Reuters): Thailand's government stressed national reconciliation Saturday after the worst riots in the country's modern history but it would not commit itself to an early election date demanded by 'Red Shirt' protesters.Troops continued their search for explosives...
SHANGHAI, May (Reuters): Secretary of State Hillary Clinton passed out teddy bears to Chinese children as she toured the Shanghai World Expo Saturday and carefully skirted the United States' many policy disputes with China.At the start of a four-day visit...
KABUL, May 22 (AFP): Senior British cabinet ministers, led by new Foreign Secretary William Hague, arrived in Afghanistan Saturday with a warning that Britain wants to withdraw its troops as soon as possible.Hague, Defence Secretary Liam Fox and International Development...
ANKARA, May 22 (AP): Turkey's prime minister is seeking international support for a deal under which Iran would ship much of its low-enriched uranium to Turkey. Recep Tayyip Erdogan's office says Saturday he has written to the leaders of 26...
SEOUL, May 22 (AP): The United Nations Command launched a probe Saturday into whether the deadly sinking of a South Korean navy ship blamed on North Korea violated the Korean War truce agreement.Pyongyang denounced the investigation as a "bogus mechanism."Representatives...
BEIJING, May 22 (AP): A 13-year-old American boy became the youngest climber to reach the top of Mount Everest Saturday, surpassing the previous record set by a 16-year-old Nepalese.Jordan Romero called his mother by satellite phone from the summit of...
FE ReportAramit Ltd, a leading listed company engaged in manufacturing and marketing of asbestos cement products is going to diversify its business areas."As part of our new diversification strategy, we are going to invest more in power, aluminium composite panels...
Our CorrespondentCHITTAGONG, May 22: Turkey-Bangladesh Chamber of Commerce and Industry president Fikret Cicek has said strategic geographic location and attractive investment facilities provided for the foreign investors have placed Bangladesh in a unique position in the south-east Asia.He said there...
AB Bank: Normal trading of the shares of AB Bank Limited will resume today (May 23) after record date. EBL: Normal trading of the shares of Eastern Bank Limited (EBL) will resume today after record date for EGM. ICB Islamic...
Eastern Bank Ltd (EBL) has arranged a Syndicated Term Loan facility of Tk 570 million for Giant Textiles Ltd to finance its capital expenditure for setting up a knit composite factory at Gazipur, says a press release.The participating banks are:...
Mr Zainul Haque Sikder has been unanimously elected the Chairman of National Bank Limited.Directors of the Bank in the 313 th Board Meeting Saturday elected Mr Zainul as the new chairman, also a sponsor Director of NBL.Mr Zainul Haque Sikder...
Monira MunniThe country's foreign direct investment (FDI) inflow recorded a 63 per cent fall in the first three quarters of the current fiscal year due to global recession, the central bank in its monthly update revealed.During July to March period...
First Security Islami Bank Limited (FSIBL) recently organised a day-long anti-money laundering workshop at Satkhira with the cooperation of Bangladesh Bank (BB), said a press release.Ziaul Hasan Siddiqui, deputy governor of BB inaugurated the workshop as the chief guest. Among...
Kayes M Sohel from SylhetThe Chittagong Stock Exchange (CSE) began road show from Sylhet Saturday to make internet-based trading popular among local investors and non-resident Bangladeshis (NRBs).CSE investors have been reluctant to use internet trading service (ITS) due to ignorance...
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