FE ReportState-run Biman is facing problem to maintain its schedule flights as number of its aircraft has gone out of operation all of a sudden due to technical reasons.Out of four DC-10-30 aircraft, two (S.No- ACQ, ACP) has been grounded...
THE 2009 global economic crisis brought Great Britain to the brink of economic collapse. It survived the crisis and escaped the fate of Iceland or Greece, but with a cost. The country is now burdened with a budget deficit of...
Enayet Rasul BhuiyanTHE proposed amendments to the Anti-Corruption Commission (ACC) Act, as were reported to have been approved by the Cabinet last week, have raised some concern over the course of activities by the anti-graft watchdog. The amendments were adopted...
Zubair HusseinMoody's Investors Service announced its sovereign credit rating for Bangladesh as Ba3 on April 12, just a week after Standard & Poor's (S&P's) sovereign credit rating announcement of BB-. "The deficiencies in power, gas and physical infrastructure now besetting...
The way the Bangladesh economy stands today or considering the net of its able and willing entrepreneurial people, a much higher growth rate is not a dream but a very much attainable reality. Only, it is necessary to meet the...
The visions of the future about Dhaka and the higher status to be acquired by it among the world's urban concentrations, as one of the top ten cities of the world in terms of population size, should make the people...
Syed Imtiaz AhmedThe phrase 'Digital Bangladesh' implies government's commitment to rapidly deploy computer and Information Technology (IT) across Bangladesh to improve efficiency. This concept can be extended to include use of digital technologies to transform the present dilapidated electricity distribution...
Shamsher ChowdhuryWOULD you prefer to have three square meals a day now or wait for a sumptuous meal not knowing when? Would you rather see the rapes and suicides by young girls to continue or let your children go out...
KUALA LUMPUR, May 5 (AFP): Entrepreneurs producing "halal" cosmetics say the global market is booming as more Muslims opt for beauty products that conform to Islamic rules. Famiza Zulkifli made her first halal soap four years ago, after searching in...
There was again a small quantity offered in last week's tea auction which met with a very strong demand, especially the brighter teas, according to a communiqué of National Brokers Limited. Blenders operated strongly whilst there was greater competition from...
SOFIA, May 4 (Xinhua): State preferences for renewable energy sources in Bulgaria may hit the budgets of industries and households over the next decade, a new research report warns. The Bulgarian Industrial Association (BIA) said in a report titled "Low...
May 05 Wednesday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Wednesday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.550090.6015105.58290.742163.250268.206263.5930Agrani Bank69.550090.3881105.49170.744263.170068.050963.3140FCBsStanChart69.6294.38107.810.7765.3670.0565.58HSBC 69.572991.6794106.88830.757363.584468.222363.9721Citibank naNANANANANANANABank of Ceylon69.590094.4501108.68130.766865.862269.092566.6742PCBsUttara Bank69.550090.8886105.71800.748462.974768.076463.4587AB Bank69.600091.7641106.64730.7537NANANABuying rates from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...
HONG KONG, May 5 (Reuters): A tumble in global stocks spread to Asia Wednesday on heightening fears that Greece's debt woes could spread to other countries."One gets the feeling that the euro zone is turning out to be a basket...
MUMBAI, May 5 (Reuters): Infrastructure Development Finance Co (IDFC) will sell five-year bonds to raise 3.4 billion rupees ($76 million) on May 10, two sources with direct knowledge of the transaction said Wednesday. The bonds offer a coupon of 8.15...
MUMBAI, May 5 (Business Standard): The Sensex attempted a marginal recovery around noon trades but has again now slipped deeper into the red owing to weakness in metal and realty stocks. The index is now at 16,941, down 195 points....
RU CorrespondentRAJSHAHI UNIVERSITY, May 05: Budget deficit of Rajshahi University (RU) is on the rise with no sign of recovery in sight. Existing budget deficit of about Tk 93.5 million is leading the university towards uncertainty hampering its higher studies,...
LONDON, May 5 (AFP): British insurer Prudential Wednesday said it had decided to delay launching a rights issue aimed at helping to fund a 35.5-billion-dollar takeover of AIA, the Asian arm of troubled US insurer AIG.Prudential, which had been expected...
KARACHI, May 5 (Business Recorder): Fresh buying was witnessed at the local share market Tuesday on the back of revived investors' interest due to release of coalition support fund, and the KSE-100 index rose by 78.30 points to close at...
LONDON, May 5 (AFP): Party leaders criss-crossed Britain in a frantic final day of election campaigning Wednesday as they tried to win over undecided voters ahead of what is expected to be the closest ballot contest in years.Prime Minister Gordon...
TEHRAN, May 5 (Reuters): Iranian President Mahmoud Ahmadinejad has agreed 'in principle' to Brazilian mediation to revive a UN-brokered nuclear fuel swap deal with world powers, the semi-official Fars news agency said Wednesday.The powers see the deal as a way...
NEW YORK, May 5 (AFP): New Yorkers faced tougher, more visible security measures as the arrest of a Pakistani-American in connection with the Times Square bomb plot and a widening global investigation kept the city on edge."We always have to...
BANGKOK, May 5 (AFP): Thailand's 'Red Shirts' hinted Wednesday they could soon end weeks of anti-government protests, but demanded a firm date for the dissolution of parliament before tearing down their barricades.Despite signs the crippling political crisis could be nearing...
Indian plane scare caused by Russian in burqaKOLKATA, May 5: An Indian plane made an emergency landing in Kolkata Wednesday after two Russian passengers, including a woman in a burqa, behaved "suspiciously" on board, an airport official said. The pilot...
Doulot Akter MalaThe government is set to extend the tax-benefit area of Corporate Social Responsibility (CSR) in a bid to encourage corporate houses to invest more on public welfare and social development.The National Board of Revenue (NBR) will include some...
FE ReportThe Hong Kong and Shanghai Banking Corporation (HSBC) in Bangladesh Wednesday awarded three groups of young entrepreneurs under the 'Young Entrepreneur Awards (YEA) 2009-10' programme.The grand finale followed by award distribution ceremony of the award programme was organized at...
FE ReportMr. M.A Kashem, Chairman of the board of governors and North South University (NSU) Foundation, appealed to the government Wednesday to relieve the private universities of their tax burden. In an exchange of opinion with the newspaper editors and...
FE ReportRicha Khanduri, Managing Director - Head of Sales South Asia- Financial Markets, Standard Chartered is in Dhaka for a short visit. During her stay in the capital, she will be meeting with regulators and key customers of the Bank,...
Mr. Mostafa Kamal and Mr. AKM Saif Ullah Kowchar were elected Chairman and Secretary respectively of Dhaka Regional Committee (DRC) of the Institute of Chartered Accountants of Bangladesh (ICAB) for the year 2010.They were elected at the 30th Annual General...
FE ReportThe country's overseas employment industry continued to suffer in April, witnessing a 25 per cent fall in January-April '10 period against corresponding period of last year, government statistics revealed.Adding only 35,647 in April, total number of fresh overseas employment...
The World Bank approved Tuesday additional financing of US$292 million for two ongoing projects in Bangladesh. Of the amount, US$257 million will be provided as long term financing for infrastructure through the Investment Promotion and Financing Facility (IPFF) project and...
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