Continued from page 9and declared to take the fight to top players. Immediately after Airtel's arrival, big player started to unveil deep cuts in their tariff rates, leading to decline of maximum call rate to about Tk1.49 from Tk2.30 per...
BEIJING, April 27 (AFP): The European Union's top trade envoy stepped up pressure on China for a stronger currency today, saying it was in the interests of both sides for the yuan to appreciate. EU Trade Commissioner Karel De Gucht...
KOLKATA, April 27 (AFP): A strike called by leftist political parties in India to protest against rising food prices paralysed the communist- run eastern state of West Bengal today. Thousands of airport, rail and bank workers went on a dawn-...
FE Report The Bangladesh Bank (BB) has asked the commercial banks to stop financing for land purchase as increased flow of credit in the unproductive sector is adversely affecting the economy. The central bank has taken the measure after imposing...
THIMPU, Apr 27 (UNB): The South Asian leaders assembled in this panoramic mountainous city to attend the 16th SAARC summit beginning tomorrow (Wednesday) to take a joint initiative to tackle the terrible impact of the changing climate as well as...
Shamsul Huq Zahid The Dhaka Chamber of Commerce and Industry (DCCI) has come out with a unique idea of introducing tax cards to help boost tax revenue and better tax compliance. What the DCCI has suggested is that tax cards...
FE ReportDhaka stocks failed to edge higher despite staging a strong comeback in the second half of trading Tuesday, as major sectors-telecommunication, cement, fuel and power-lost. The benchmark index of Dhaka Stock Exchange (DSE) lost 35 points just ten minutes...
FE ReportThe standing committee on finance ministry recommended Tuesday that the government provide tax cards to all taxpayers and also provide them some non-cash benefits.It also proposed increase in car registration fees to boost the revenue income of the government,...
FE ReportThe World Bank (WB) has agreed to provide US$ 7 billion to Bangladesh in the next five years to help the country implement a raft of projects including the Padma bridge, finance minister AMA Muhith said Tuesday."For 2011 alone,...
FE ReportThe face value of a listed company share might be set at minimum Taka 10 as part of a move to bring the much-needed reforms in country's bourses, Finance Minister AMA Muhith said Tuesday.His comments came following a recent...
Nazmul AhsanDhaka has got positive signal from the US Congressmen and textile lobbies in its bid to become a potential beneficiary of the proposed New Partnership for Trade Development Act (NPTDA), which is to be placed in the US Congress...
FE ReportThe revenue board chief Tuesday said the board will not take any measure that may hurt small investors in the capital market as it is considered the most sensitive area of the economy."We will take cautious steps to adopt...
The Channel 1 went off air Tuesday due to non-compliance with related regulations. Bangladesh Telecommunication Regulatory Commission (BTRC) took the private television channel off air Tuesday evening, said its chief. BTRC Chairman Zia Ahmed said the channel violated the telecom...
The United Commercial Bank Limited (UCBL) will be back in the stock marker for trading after its annual general meetings (AGMs), scheduled for June 7, the securities regulator said after a meeting Tuesday. The Securities and Exchange Commission (SEC) in...
The government has again taken initiatives to reduce land-phone call charge between India and Bangladesh. The present call charge per minute between India and Bangladesh is Taka 12. The government has decided to install a 25-kilometre optic fibre line at...
FE ReportThe National Board of Revenue (NBR) has surpassed tax collection target by Tk 1. 73 billion with 18.31 per cent growth in the three quarters of the current fiscal compared to the corresponding period of the previous fiscal.The outstanding...
Bangladesh is keen to import palm oil from Indonesia under G2G business system, with the Trading Corporation of Bangladesh (TCB) enabled as the agency to import it, reports UNB.In this regard, a commercial delegation from Indonesia will visit Bangladesh very...
FE ReportBangladesh is going ahead to ratify the UN treaty on the protection of migrants in a move to polish its image as one of top labour exporting nations in the world, officials said Tuesday.The 1990 UN Convention on the...
FE Report Bangladesh Bank (BB) is going to launch a re-financing scheme worth Tk 5.0 billion for revamping the country's jute sector, officials said. A proposal was approved at a board of directors meeting held at the central bank Tuesday...
From Fazle RashidNEW YORK, April 27: Saudi Arabia, world's largest oil producer and exporter, issued a warning yesterday saying growing domestic demand will significantly diminish its ability to export oil to the rest of the world in the next two...
FE ReportUnruly garment workers ransacked several factories at Mirpur in the city Tuesday following demonstration by hundreds of apparel workers of a unit demanding minimum monthly salary of Tk 5,000 and other financial benefits, the police said.Witnesses said nearly 800...
Our CorrespondentCHITTAGONG, Apr 27: People of all walks of life today staged demonstration and formed human chain to press home their demand for immediate execution of the Karnafuli Gas Distribution Company (KGDC). Greater Chittagong Development Action Committee organised the programme...
FE Report The United States has provided $500,000 to help prevent the spread of avian influenza in the poultry markets across Bangladesh. The project, funded by the United States government through the United States Agency for International Development (USAID), is...
Mohammad MufazzalOfficials of the country's bourses held a meeting with Securities and Exchange Commission (SEC) chairman Zia-ul Haq Khandakar Tuesday to discuss the matter relating to higher participation of institutional investors for setting the indicative price of a company share...
The two-day sixteenth summit of the South Asian Association for Regional Cooperation (SAARC) begins today in the Bhutanese capital Thimpu, coinciding with the 25th birthday of the regional forum. The pre-summit meetings at the levels of foreign secretaries and foreign...
Jahangir Bin AlamThe government has recently decided to assign the Finance Division of the Ministry of Finance, instead of the Board of Investment (BoI), with the task of overseeing the public-private partnership (PPP) projects, according to a report of the...
Mahbubur RahmanThere are some basic hurdles to investment noted in Bangladesh. The lack energy insufficiency is one of them. Non-availability of proper infrastructures is cited to be another stumbling block. But there is still one factor with a longer history...
According a news report police took more than eight months to submit before the Drug Court a report that three Rid Pharmaceuticals officials charged with manufacturing adulterated paracetamol syrup, that caused the death of 28 children across the country last...
THE emergency standby diesel generator for Rashed Khan Menon Sarak old passport office compound, remained idle till end March 2010 leading to serious crisis as the deep tube-well remained idle due to electricity failure at regular intervals. The LGRD ministry...
Muhammad Mahboob Ali and Nargis Akter Bangladeshi companies and organizations have several problems to start full swing e-business. These include limited resources, backwardness in technology, managerial inefficiency, socio-infrastructural problem such as corruption, default culture, law and order situation, rampant corruption,...
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