FE Today Logo

Search results for:


BNACWC holds 6th gen meet

2010-04-07 00:00:00

The 6th general meeting of Bangladesh National Authority for Chemical Weapon Convention (BNACWC) was held at Armed Forces Division Conference Room Tuesday, reports UNB. Chaired by Lieutenant General Abdul Wadud, 16 joint secretaries from different ministries along with representatives from...

SEC urged to relax margin restrictions on Mutual Fund shares

2010-04-07 00:00:00

FE ReportThe Association of Asset Management Companies (AAMC) Tuesday urged the Securities and Exchange Commission (SEC) to relax margin restrictions on buying Mutual Fund shares."Though Mutual Funds are designed to protect retail investors from speculative losses, they are now prevented...

Citi Asia Pacific CEO due today

2010-04-07 00:00:00

Shirish Apte, Chief Executive Officer of Citi Asia Pacific, who is responsible for the company's business in Australia, Bangladesh, Guam, India, New Zealand, Southeast Asia and Sri Lanka arrives Dhaka today (Wednesday) for a two-day visit, said a press release.During...

Robi’s new offer for prepaid customers

2010-04-07 00:00:00

FE ReportTelecom service provider Robi introduced its new offer for prepaid customers, offering a connection package at only Tk 98 starting from Tuesday.Under the package, new activation will award its customers with a Tk 25 preloaded bonus talk-time. Customers will...

Canada keen to help achieve energy and food security

2010-04-07 00:00:00

FE ReportCanada can provide extensive help to Bangladesh in achieving its much needed energy and food security in the coming years- Canadian High Commissioner in Bangladesh Robert McDougall said Tuesday.The North American economic giant with its long expertise in agriculture...

NBL managers asked to provide quality services to clients

2010-04-07 00:00:00

The branch managers of National Bank Limited (NBL) have been asked to provide best quality banking services to clients specially the SME, women entrepreneurs and genuine poor farmers.Chairman of the board of directors of NBL Moazzam Hossain gave the instruction...

BB signs refinancing scheme deal with Union Capital

2010-04-07 00:00:00

Bangladesh Bank (BB) has signed a refinancing scheme deal with Union Capital Limited (UCL) for developing housing sector. BB General Manager (SME and SPD Department) Sukamal Sinha Choudhury and UCL Managing Director and Chief Executive Officer (CEO) Saifuddin M Naser...

Website must for shareholders' better access to company info

2010-04-07 00:00:00

M Azizur RahmanAll listed companies in the bourses or the aspirants to enlist must own websites with updated financial statements to ensure better access to information by shareholders, SEC officials said Tuesday.The capital market watchdog-Securities and Exchange Commission (SEC)-recently directed...

S&P gives Bangladesh 'BB-' long-term rating

2010-04-07 00:00:00

FE ReportBangladesh has got its first sovereign credit rating that has given it much needed access to foreign financial markets and made it a lucrative destination for foreign investors.Global agency Standard & Poor's after analysing the macro and micro economic...

An incredible decision indeed!

2010-04-07 00:00:00

Shamsul Huq ZahidThe taskforce on rivers, headed by Minister for Shipping Shahjahan Khan, in a meeting held recently decided to demolish, at least, 13 bridges over rivers flowing along the Dhaka city for not having adequate clearance height. The taskforce,...

Citizens groan under frequent loadshedding

2010-04-07 00:00:00

Afroza Parveen, an official from a private firm, went to Shewrapara to buy two charger fans and a few charger torches.She already has an Instant Power Supply (IPS), which she had earlier bought due to irregular electricity. But since load...

Water crisis deepens, spreads over areas

2010-04-07 00:00:00

FE Report With the water crisis deepening and spreading to more and more areas of the Dhaka city, desperate residents are taking to the streets or organizing indoor meetings seeking immediate solution to their problems.More than 400 residents of Mohakhali...

Rating earns B’desh 'favourable position in South Asia'

2010-04-07 00:00:00

Siddique Islam Top global rating agency Standard & Poor's maiden sovereign rating of BB- for Bangladesh indicates a favourable position of the country compared with the rest of South Asian nations, experts said. "While public finances remain an area of...

Cabinet body bins plea for Tk 25b PPP fund

2010-04-07 00:00:00

The Cabinet Committee on Economic Affairs has turned down a Communication Ministry proposal to divert the block allocation fund of Tk 25 billion (2,500 crore) under public-private partnership (PPP) scheme to the Dhaka Elevated Expressway (DEE) project, reports UNB.However, a...

Dhaka stocks dip to one-week low

2010-04-07 00:00:00

FE ReportDhaka stocks dipped more than one per cent to a one-week low Tuesday with the turnover also sinking below Tk 6.0 billion-mark for the first time in six months.Most of the selling took place of all the major sectors...

Ecnec approves 7 dev projects

2010-04-07 00:00:00

The Executive Committee of the National Economic Council (ECNEC) has approved seven development projects involving Tk 28.40 billion (Tk 2,840 crore), including a project to reclaim the Buriganga river. Of the total cost, Tk 24.02 billion will come from the...

Investors bide time for respite as SC verdict on UCBL writ today

2010-04-07 00:00:00

Mohammad MufazzalThe Appellate Division of the Supreme Court delivers today (Wednesday) the long-awaited verdict on the writ petition of United Commercial Bank Limited (UCBL) with thousands of investors, in deep trouble for years, looking to the court, a lawyer of...

Pakistan won't interfere in war crime trial: envoy

2010-04-07 00:00:00

Pakistan High Commissioner in Dhaka Ashraf Qureshi has said Islamabad has not made any formal statement about the trial of war criminals in Bangladesh, reports UNB."It is the media speculation that Pakistan opposes the trial," he said. The issue of...

Vision paper on Perspective Plan at final stage

2010-04-07 00:00:00

FHM Humayan KabirThe planning commission has finalised the Perspective Plan aiming to graduate the national economy to middle-income status by achieving US$2000 per capita income and reducing poverty to 14 per cent by 2021, officials said Tuesday.Planning Minister AK Khandoker...

Indian Maoists massacre 75 policemen

2010-04-07 00:00:00

RAIPUR, April 6 (AFP): Maoist rebels killed 75 policemen in a jungle ambush in central India on Tuesday in the worst ever massacre of security forces by the left-wing extremists, officials said.A patrol from the Central Reserve Police Force (CRPF)...

Minister's surprise visit and…

2010-04-07 00:00:00

LAND Minister Md. Rezaul Karim Hira last Sunday paid surprise visits to two land offices - one at Dhanmondi and another at Mirpur - in Dhaka city and witnessed what was obvious - plight of service seekers. The minister, according...

Progress of public-private partnership programmes

2010-04-07 00:00:00

Syed JamaluddinTHE government allocated funds in the current budget for implementation of public private partnership projects(PPP). It is committed to take timely measures to attract investments in the country through PPP. The allocation is to be used for setting up...

For a management culture of non-violence

2010-04-07 00:00:00

Shajahan BhuiyaViewed critically, violence is the anti-thesis of human development and wisdom. Why? Because, we are told that any relationship of domination, exploitation, suppression and oppression is a violence which tends to dehumanise people. Looking more deeply, we find that...

Too tormented people of this luckless city

2010-04-07 00:00:00

Last year, the power crisis was in full bloom at around the peak of the summer period. But this year the power crisis for the dwellers of this city started even while summer had not started and wintry conditions still...

Encouraging creativity

2010-04-07 00:00:00

With all the difficulties that we have had in the last one decade, Bangladesh has continued to progress. If we want Bangladesh of the future to be a country that is advanced in all spheres, we have to take greater...

Wind power: the energy for future

2010-04-07 00:00:00

Anup ChowdhuryThe biggest challenge to the existence of human civilization and progress is uninterrupted supply of energy. So far, the guaranteed and cheap source of this energy was oil and unfortunately, in every other day we are losing it. Billionaire...

The growing divide between Tel-Aviv and Washington

2010-04-07 00:00:00

Md. Masum BillahThe Palestinians reluctantly agreed early in March to US-mediated indirect talks with Israel but the planned negotiation collapsed two days later when Israel announced plans to build 1600 new settler homes in east Jerusalem during a visit by...

Citibank: Making a difference in Bangladesh

2010-04-07 00:00:00

Mamun RashidCITIBANK, N.A. started its humble journey in Bangladesh with a representative office back in 1987. The bank opened its first full-service branch in Dhaka in 1995 with a small team of four employees. Today, the bank has four branches,...

Asian stocks rise, markets on yuan watch

2010-04-07 00:00:00

SINGAPORE, Apr 6 (Reuters): Asian stock markets rose to three-month highs Tuesday, extending a two-week rally fuelled by strong US economic data and a seeming thaw in US-China tensions over the yuan.The dollar held near 7-month highs against the yen,...

Nikkei dips on profit-taking after 18-month highs

2010-04-07 00:00:00

TOKYO, Apr 6 (Reuters): Japan's Nikkei average fell 0.5 per cent Tuesday as profit-taking emerged after successive days of 18-month highs, with exporters such as Canon Inc losing ground on a slightly stronger yen. Analysts said the decline would be...