Home minister Sahara Khatun defended the appointment of Abdul Matin, the chief of war crimes probe body, who resigned Wednesday following accusations that he was allegedly linked with an Islamist outfit, reports bdnews24.com."The resignation has ended all criticisms," Sahara Khatun...
FE ReportThe securities regulator has turned down a proposal of the Investment Corporation of Bangladesh (ICB) for allowing its eight close-ended mutual funds to trade in the stock market until 2017.Back in December 2009, the Securities and Exchange Commission (SEC)...
Shahiduzzaman KhanThe leaders attending the 16th summit of the South Asian Association for Regional Cooperation (SAARC) in Thimphu aired renewed optimism last week that this regional forum would, at long last, set out on a new journey of working together,...
LONDON, May 5 (AFP): Economists and investors are anxiously watching Britain's elections Thursday, amid fears an uncertain result could send stocks and sterling plunging -- even if risk has already been partially priced in.The pound slumped in March when it...
Sheikh Shahariar Zaman and Pankaj DastiderChittagong Port Authority (CPA) has been served with a High Court order to stop operations of 12 berth operators meaning the port will virtually come to a standstill if the ruling is executed.The CPA engaged...
FE ReportDhaka stocks rebounded rising nearly one per cent Wednesday, snapping fourth straight session decline.The benchmark DSE General Index (DGEN) shot up by 50.74 points or 0.91 per cent to close at 5,585.39, after highest 5,608.60, lifted by banking and...
FE Report Bangladesh Bank raised Wednesday the cash reserve requirement (CRR) by 0.5 percentage points to 5.5 per cent for the commercial banks to curb inflationary pressure on the economy. Under the new rules, the commercial banks will have to...
A vast area of the central part of the capital, including the Bangladesh Secretariat, plunged into a blackout Wednesday following a major technical fault at the Dhanmondi grid substation, reports UNB. The whole power supply to the Cabinet Division and...
FE ReportThe government has formed a high-powered committee, headed by cabinet secretary Abdul Aziz, to examine the proposals on separate pay scale for officials and employees of the Bangladesh Bank (BB) and on unified pay scale for three state-owned commercial...
THE incumbent governor of the central bank, who completed his first year in office last Monday, has been trying relentlessly to orient banks' lending to the agricultural sector. The stated goal is to boost farm output and, thus, help reduce...
Abu TaherTHERE are some worries mainly over rising commodity prices and surplus liquidity that are likely to create inflationary pressures and weaker balance of payments in Bangladesh. The International Monetary Fund (IMF) and some other multilateral capital donors in their...
Amirul IslamPrivate sector-led growth in South Asian countries can receive a major fillip and unlock the region's vast economic potential provided SAARC member nations initiate steps like reducing visa restrictions and non-tariff barriers, and improving customs procedures, says a report...
The Chittagong Hill Tracts (CHT) treaty was concluded in 1997 for restoring peace and instilling confidence among all people, particularly the members of the tribal communities living in this hill region of Bangladesh. However, discord and dissension seem still not...
Please refer to the article on bilateral trade published by you on South Africa Freedom Day on April 27th. There was a list of eleven items being exported from Bangladesh to South Africa. Among these items of export, it surprised...
A report sometime was startling and should cause righteous indignation among all to be concerned by it. It stated that police had seized huge quantities of date-barred insecticides with the owner of the company distributing the stuff admitting under police...
Karar Mahmudul HassanThe government, from chief executive at the top to the traffic constable at the bottom, appears to be seriously concerned about the fast deteriorating traffic congestions in capital city of the country in particular.The police authorities, particularly the...
Anshuman BeheraAFTER 39 long years, the Bangladesh Government is all set to bring the war criminals (WCs) of 1971 to justice. In its election manifesto the Awami League leader and its Prime Ministerial candidate, Sheikh Hasina, had made it crystal...
SINGAPORE, May 4 (Reuters): The dollar inched up Tuesday, boosted by strong US data indicating the world's largest economy was on the mend, but worries about Greece's bailout and China's policy tightening curbed earlier gain in Asian shares. The dollar...
Munima SultanaThe DMP drive to ban vehicles over 20 years old has apparently failed as 93 per cent of the seized vehicles return to the city streets despite the continuation of the decade-old crackdown.Officials said Bangladesh Roads Transport Authority (BRTA)...
Md Zainul Huda has joined Takaful Islami Insurance Limited as Managing Director recently, says a company release.He completed CA course in 1982 after obtaining Master's Degree from the University of Dhaka.Mr Huda started his insurance career with Progati Insurance Company...
SHANGHAI, May 4 (Reuters): China's key stock index fell 1.2 per cent Tuesday to its lowest close in seven months, led by bank and property shares after China's central bank raised banks' reserve requirement ratios to fend off inflation. HSBC's...
Our CorrespondentRAJSHAHI, May 4: The regional office of ENA Properties Limited was inaugurated at Alupatty Under Bolia thana of the city recently.Company Managing Director Engr Enamul Haque, MP, attended the inaugural function as chief guest while Deputy Managing Director Dr...
NEW DELHI, May 4 (Reuters): Most of India's diversified equity funds outperformed the benchmark index in April, as a significant exposure to small- and medium-sized firms and sectors like financials boosted unit values.Such funds, which form the largest category of...
SINGAPORE, May 4 (AFP): Oil eased in Asian trade today after touching its highest level in 19 months, but analysts said prices remained strong on concerns over a giant oil slick in the Gulf of Mexico. The announcement of a...
Banglalink and Augere signed an agreement on Transmission Bandwidth Lease in the city recently, says a press release. Managing Director and CEO of Banglalink Ahmed Abou Doma and CEO of Augere Jerry Mobbs signed the agreement on behalf of their...
Our CorrespondentGOPALGANJ, May 2: Young Women's Christian Association (YWCA), Gopalganj has distributed some 200 Arsenic-free filters among primary students and poor families of suburb areas of the district town recently.Deputy commissioner of the district Sheikh Yousuf Harun distributed the filters...
Our CorrespondentRAJSHAHI, May 4: Md Dilwar Hossain Bhuiyan, senior most general manager of Rajshahi Krishi Unnayan Bank (RAKUB) has recently been given additional charge of managing director of the bank by the Banks and Financial Institutions Division, Ministry of Finance....
May 04 Tuesday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Tuesday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.550092.2860106.39860.740664.433869.055364.6764Agrani Bank69.550092.1547106.36110.743364.399168.941064.4685FCBsStanChart69.6294.38107.810.7765.3670.0565.58HSBC 69.572993.3352107.70400.756264.766369.057465.0671Citibank naNANANANANANANABank of Ceylon69.590094.4501108.68130.766865.862269.092566.6742PCBsUttara Bank69.550092.6494106.57710.747364.205469.004364.6252AB Bank69.600093.4309107.47390.7521NANANABuying rates from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...
FE ReportPhoenix Finance First Mutual Fund, a closed-end fund of 10 years tenure, will make debut in the stock market Sunday.The Dhaka Stock Exchange in its board meeting held Tuesday gave nod to begin the trade of the mutual fund....
A workshop for the officers of Pubali Bank Ltd on "Core Risks Management and BASEL-II organised by its Internal Control and Compliance Division was held in the city recently, says a press release. Managing Director of the bank Helal Ahmed...
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