Our Correspondent CHITTAGONG, Apr 19: Security has been beefed up in the Chittagong central jail after a group of prisoners held a foreign prisoner and two jail guards hostage in the prison cell on Sunday.The government today formed a three-member...
FE ReportDhaka stocks bounced back rising more than one per cent Monday, snapping a losing trend of five straight sessions.The benchmark DSE General Index (DGEN) rose 61.93 points or 1.13 per cent to 5529.05, lifted by sharp gain in banking,...
ISLAMABAD, April 19(AFP): Pakistan's President Asif Ali Zardari on Monday signed into law sweeping constitutional reforms that strip him of key powers in a move to bolster parliamentary democracy weakened by military rule.The amendment rolls back decades of meddling by...
The Cabinet Monday decided in principle to rename the Upazila Nirbahi Officers (UNOs) as Mukhya Nirbahi Officers (MNOs) having same executive authority and status. Local Government and Rural Development (LGRD) Minister Syed Ashraful Islam told this the reporters at his...
Toyota Motor Corp has agreed to pay a record $16.4 million (10.7 million pound) fine to the US safety regulators for delaying a massive recall over defective accelerator pedals. "By failing to report known safety problems as it is required...
Finance Minister A M A Muhith leaves the city for Washington tomorrow (Wednesday) to attend the 2010 Spring Meetings of the World Bank and the International Monetary Fund (IMF). The meetings will be held at the World Bank and IMF...
FE ReportThe Asian Development Bank (ADB) has pinpointed power, gas and water as three key problems for Bangladesh and assured the government of its necessary support for addressing those."Bangladesh is facing triple crises of power, gas and water… We are...
FE ReportThe cabinet Monday in principle decided to approve the 'Sand-beds and Soil Management Law 2010', to bring discipline in the largely unregulated sector and stop illegal extraction of sand from riverbeds.The law prepared by the Ministry of Land was...
Mohammad MufazzalThe securities regulator is going to increase participation of eligible institutional investors in the bidding process for setting the indicative price of a share under the Book Building (BB) method so that a reasonable market price can be fixed...
FE ReportThe Public Accounts Committee (PAC) of the Jatiya Sangsad would complete the work of updating all the audit reports in a month so that it could scrutinise any of the reports, the PAC chairman said Monday."We asked the office...
FE ReportThe United Commercial Bank Limited (UCBL) will hold its annual general meetings (AGMs) after long eleven years on June 7 to approve stock dividends for the years from 2002 to 2006.The board of directors of the UCBL declared the...
Over 100 people, including 20 cops, were injured, as garment workers went on a rampage and clashed with police at Kanchpur in Narayanganj Monday morning to press for their three-point demand including raise in bonus, reports UNB.Witnesses said workers of...
From Fazle RashidNEW YORK, April 19: Tension is rising in Goldman Sachs, world's most famous investment bank as it has been charged with fraud by the Securities and Exchange Commission (SEC). The tremor has affected the Wall Street. It will...
Monira MunniOverseas sales of jute goods and raw jute rose steeply marking a strong return to its past glory due to product diversification and mounting pressure for using degradable and eco-friendly products in many parts of the world.Shipment of jute...
IT is a matter of serious concern that efforts for reducing the population growth rate have slowed down in past several years in Bangladesh that had earlier achieved some notable successes in this area. This country happens to be the...
Shamsul Huq Zahid It took decades for the national parliament to pass a law meant to protect the rights of the consumers. For governments, constitutional or otherwise, that occupied the seat of power until the last one, which is known...
Naimul IslamThe issues of credit growth as opposed to a cautious approach to such growth is in focus . A Bangladesh Bank (BB) report was quoted for stating in a media focus that credit growth surpassed deposit growth by 3.12...
Market studies or research to establish demand pattern of products are essential preconditions for the establishment of industries. Private sector can initiate their own such research. The government can also play a valuable role in this regard by collecting and...
In Bangladesh, believe it or not, a cargo elevator is nowhere to be found in any of our high-rise buildings - residential or commercial. As if, the real estate developers, architects and civil engineers of the country are totally unaware...
Fazal M. KamalThe Great Recession that has been ravaging across the United States, evidently, does not bother about wealth, status or class. It has been reported in these columns previously how people in the middle classes have been variously affected...
LONDON, Apr 18 (Bloomberg): Gold fell the most in two months after regulators accused Goldman Sachs Group Inc. of fraud, spurring investors to seek a haven in the dollar and eroding the precious metal's appeal as an alternative asset.The dollar...
NEW YORK, April 18 (AP): Oil prices settled near $83 a barrel Friday after the government accused Goldman Sachs of fraud, earnings from some top companies disappointed investors and data on single-family home construction declined.Benchmark crude for May delivery fell...
NEW DELHI, April 18 (Bloomberg): Sugar tumbled more than 5 per cent, leading commodities lower, after the US filed a fraud suit against Goldman Sachs Group Inc., one of Wall Street's biggest traders and brokers of raw materials.The Reuters/Jefferies CRB...
SINGAPORE, April 18 (Bloomberg): Corn rose, capping the biggest weekly gain in two months, on speculation that cooling Pacific Ocean waters will boost the odds for a drought in the US Midwest, reducing yields in the country's biggest crop.Some meteorologists...
LONDON, April 18 (Bloomberg): Copper fell the most seven weeks after regulators accused Goldman Sachs Group Inc. of fraud and as a rising dollar cut demand for the metal as a hedge against inflation.Goldman Sachs misled investors about a financial...
NEW YORK,April 18 (Bloomberg): Wheat rose to a six-week high as some speculators reduced bets that prices would decline, after futures capped the biggest weekly rally in two months.Speculative short positions, or bets prices will fall, outnumbered long positions by...
Our CorrespondentBRAHMANBARIA, Apr 18: Brahmanbaria zone of the Bangladesh Krishi Bank (BKB) has taken a special week-long credit recovery programme titled 'Shuvo Hal Khata' on the occasion of Bengali New Year-1417 to recover its outstanding loans.BKB's main branch at Brahmanbaria...
The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction SundaySelling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.550094.4319107.23530.762865.922668.980364.6205Agrani Bank69.550094.2621107.16790.765265.874668.907164.3990FCBsStanChart69.6295.91108.220.7767.0370.6865.69HSBC 69.608596.5016109.49070.767866.845570.142565.7286Citibank naNANANANANANANABank of Ceylon69.620095.8971109.26420.783966.923069.391066.6960PCBsUttara Bank69.550095.7865108.33040.759266.263970.063265.2818AB Bank69.600095.5770108.31410.7742NANANABuying rates from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali Bank68.600092.1947105.22250.737164.314567.327963.0831Agrani Bank68.600092.3580105.23620.734564.317767.396263.3001FCBsStanChart68.6291.77103.900.7363.9967.4961.96HSBC...
NEW DELHI, Apr 18 (PTI): Indian capital markets can grow three-fold by 2020 if reforms to increase retail participation, reduce cost of trade and enhance investment by pension funds are initiated, says a study by Ficci-Mckinsey & Company. "In order...
LAHORE, Apr 18 (Business Recorder): Bearish sentiment prevailed at Lahore Stock Exchange Friday and equities registered losses amid descending transaction volume on account of lack of interest on the part of investors. The LSE-25 index declined by 10.73 points and...
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