M Azizur RahmanThe country's energy regulator has planned for a change in its regulations for fixing benchmark power tariff, as prescribed by the power ministry, to facilitate electricity purchases from private sector plants, a top official said."We are working to...
Jasim Uddin Haroon The performance of the country's premier port has been deteriorating fast since the Chittagong Port Authority (CPA) took the cargo handling operation under its own management last week. Shipping circles said that vessels' turnaround time at the...
FE ReportThe Ministry of Finance (MoF) has approved an allocation of Tk. 150 million in favour of the Padma Oil Company to subscribe the right shares to be issued by the company soon. The government owns more than 50 per...
FE ReportThe securities regulator will allow launching of an open-ended mutual fund for the first time in the private sector.The Securities and Exchange Commission (SEC) recently approved the trust deed of the Prime Financial First Unit Fund having initial size...
The US Embassy Consular Section will no longer accept Diversity Visa application fees on the interview date with effect from May 23. After that date, all Diversity Visa application fees must be deposited at Standard Chartered Bank's North Gulshan branch...
A large quantity of Jhut (garment wastes) items worth Tk 5.0 million were gutted in a devastating fire that broke out in the capital's Mirpur area Monday, firefighters said. Witnesses said the fire originated at a storehouse in Mirpur Jhut...
Mahmudur RahmanOne of the best kept secrets from the general public in the western democracies has been the "influence" of big businesses in their general elections. This has now been spoiled by the invasive media as they kept on hammering...
SEOUL, May 17 (UNB): Prime Minister Sheikh Hasina has invited the Korean government and entrepreneurs to invest in potential sectors such as power, oil and gas, shipbuilding, IT industry, automobiles and agro-based industry of Bangladesh.She also asked them to build...
FE ReportBangladesh Specialised Textile Mills & Powerloom Industries Association termed Monday the yarn crisis artificial and made 11 demands including immediately taking control of the volatile yarn price. At a press conference held at Dhaka Reporters Unity, they said the...
Our CorrespondentCHITTAGONG, May 17: BNP is pitting Manzur Alam, a close confidant of incumbent mayor ABM Mohiuddin Chowdhury and former acting mayor, against him in the race in the upcoming CCC election.Manzur has been picked as the main opposition party's...
Jasim Uddin Haroon A number of local traders, engaged in 'third country export business,' are in a deep trouble mainly because of misinterpretation of relevant policies by the central bank officials, depriving the country of a sizable potential income in...
The Secondary School Certificate (SSC) results have been impressive in all areas. Highest records have been set in the number of the examinees who passed as well as those who got the highest score of GPA-5. The number of institutions...
Shamsul Huq ZahidA large group of cab drivers clashed with police near the busy Farm Gate and the Tejgaon police station on last Thursday and Friday, protesting requisition of their vehicles and arrest of, at least, eight of their comrades....
Manzur AhmedWhile fully endorsing the valued opinions expressed by Mr. Hossain Zillur Rahman and Mr. Mirza Azizul Islam, ("Connectivity will be meaningful, if Bangladesh can export to north-eastern India without any hindrance"… "Bangladesh may lose the opportunity of exporting to...
Among the very first acts of the new government in the UK was to substantially reduce the salaries and perks of the ministers in the Cabinet of Prime Minister David Cameron. This was a symbolic move giving a message that...
The prices of many locally produced drugs, including many in the essential category, are fixed according to the will of the drug companies and in doing this the companies are in most cases guided by crass profiteering motive. The prices...
Maswood Alam KhanIF any economist, or for that matter any conscious Bangladeshi citizen, is asked what could be our best and the cheapest mode of transportation she will unequivocally answer: Railway. But if there is a motion now placed in...
Fazal M. KamalBy now it has become a subject that's just more than worrisome; it has been transformed into a cause for much alarm for the citizens of Bangladesh. It's the fast deteriorating crime situation in the country as well...
NEW YORK, May 16 (AFP): Oil prices tumbled to three-month lows Friday at the end of a volatile week in which the market was hit by stubborn eurozone economic concerns and a strong dollar. New York's main contract, light sweet...
Our CorrespondentPABNA, May 16: Agitated hand and power loom owners and weavers of the district brought out procession and put up a blockade on the Dhaka-Pabna highway at Jalalpur in Pabna Sadar Upazila Thursday, the second day of an indefinite...
BANGKOK, May 16 (Commodity Online): Falling sugar futures prices across the globe attracted more buyers for Thailand's sugar premiums as it expanded gains during the week. Fresh demand from Pakistan and Vietnam and are likely to rise further as the...
NILPHAMARI, May 16: Cultivation of Ginger is going in full swing in all the six upazilas of the district. The Department of Agriculture Extension (DAE) sources said this year's target area of Ginger cultivation is 2,050 hectares of land and...
Copper moved higher as stabilisation in equities encouraged some traders to use a recent pullback in the metal as an opportunity to buy. LME copper warehouse stocks fell 1,255 metric tons to 485,150, their lowest level since late December. Copper...
May 15, Sunday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Sunday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.550086.4006101.37150.760361.687267.710762.9853Agrani Bank69.550086.2708101.31870.762861.660367.643861.7769FCBsStanChart69.6294.38107.810.7765.3670.0565.58HSBC 69.585089.4522104.86990.769563.340368.750063.2134Citibank naNANANANANANANABank of Ceylon69.590089.8572105.57060.774264.043869.264565.3311PCBsUttara Bank69.550089.4563103.46180.763462.719568.102962.8720AB Bank69.600087.5971102.47340.7717NANANABuying rates from public (inward...
MUMBAI, May 16 (PTI): In the highly volatile trade past week, six out of the top 10 firms added nearly Rs 170 billion to their market capitalisation, with FMCG major ITC getting into the coveted club after a year replacing...
TOKYO, May 16 (Bloomberg): Japanese bonds fell for the first time in more than a month on concern the nation's mounting debt will damp demand at the next two auctions of the securities. The finance ministry will sell a total...
NEW DELHI, May 16 (PTI): When it comes to raising funds, both the government as well as the private sector appear to be flocking to the share sale route with plans to sell shares worth a whopping Rs 1200 billion...
NEW YORK, May 16 (Reuters): Stocks could face more volatility next week as growing doubts about whether Europe can solve its deepening debt crisis are likely to take centre stage again.A $1 trillion rescue package unveiled at the week's start...
HONG KONG, May 16 (Reuters): Britain's Prudential Plc is expected to outline divestments of some Asian assets in its upcoming rights offering prospectus in an effort to appease shareholder concerns about its planned AIA acquisition, a source familiar with the...
KUWAIT CITY, May 16 (AFP): The Kuwait Stock Exchange Sunday suspended trading in stocks of 22 listed firms for failing to declare their first quarter results on time.A statement posted on the KSE website said the companies -- 15 of...
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