FE Today Logo

Search results for:


SSD implements Tk 900m dev programmes

2010-01-21 00:00:00

RANGPUR, Jan 20 (BSS): The Social Service Department (SSD) under the Ministry of Social Welfare has been implementing massive development programmes at a cost of Tk 900 million in eight upazilas in the district during the current fiscal year (FY).

Saraswati's idol damaged

2010-01-21 00:00:00

Unidentified miscreants damaged the idol of 'goddess Saraswati', the goddess of knowledge, at Sheikh Hasina Academy under Sadar Upazila in Pirojpur Wednesday.Academy President Ruhul Amin Nobin told the news agency that a group of miscreants entered the Puja Mandop inside...

Death anniversary

2010-01-21 00:00:00

The 10th death anniversary of Dr M A Sikder will be observed today (Thursday).On the occasion, a Milad Mahfil will be held at his residence in Barisal city. Food will also be distributed among the poor.

Construction of US-funded cyclone shelters begins in Cox's Bazar

2010-01-21 00:00:00

The groundbreaking works of US government (USG) funded seven multi-purpose cyclone shelters (MPCS) began in Cox's Bazar Wednesday, reports UNB.These groundbreaking sites include Shahparirdip Pashchim Uttar Para, Shahparirdip Dakshin Para, Hamidia, Habi Mohammad Hussein, Kutupalong, Gooliaplanag and Haladia Patabari, the...

Businesses upbeat about Indian market

2010-01-21 00:00:00

FE ReportThe Indian business is giving a strong signal that it wants to engage in trade with its counterpart in Bangladesh, said Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) president Fazlul Hoque on Wednesday."Earlier we received a strong resistance from...

Jute sector has to stay competitive

2010-01-21 00:00:00

Shahiduzzaman KhanJute goods and raw jute exports witnessed a rise in the recent past, at a time when earnings from many other export items slipped to a marked extent because of the late impact of global recession. The exports of...

DGEN briefly crosses 5000 mark

2010-01-21 00:00:00

FE ReportDhaka stocks extended their rally Wednesday on speculative buying of financial and insurance scrips by the investors as the market saw a brief scaling of main index passed 5000-mark. Benchmark Dhaka Sock Exchange General Index (DGEN) could not sustain...

Institutions matter for development: Role of banking sector

2010-01-21 00:00:00

Sadiq AhmedGood governance can be secured by developing institutions. Given the breadth and span of institutions, priorities have to be set. On the economic front, the emphasis needs to be put on key institutions: budget management; banking sector; local governments;...

Traders resent freight forwarders' charge hike

2010-01-21 00:00:00

Doulot Akter MalaA fresh hike in freight forwarders' service charges since January has been affecting traders as cost of doing business has increased causing a surge in prices of imported goods and exportable items, industry insiders said.The business people have...

JS passes Nat'l ID Registration Bill '10

2010-01-21 00:00:00

Jatiya Sangsad (JS) Wednesday passed the National Identity Registration Bill 2010, fixing the validity of an ID card for 15 years from the date of issuance and providing for strict punitive measures for its abuse. The new law empowers the...

OMS of rice begins in city

2010-01-21 00:00:00

The government Wednesday started the open market sale (OMS) of rice at populous points of the capital with 40 trucks. Today (Thursday) 10 more trucks will join the OMS operation. Under the OMS, the rice sells at Taka 22 per...

Bangladesh targets trade-oriented services, investment from India

2010-01-21 00:00:00

FE ReportBangladesh has targeted trade-oriented services and investment from India as narrowing down huge trade deficit between the two neighbours through exports will be tough, Foreign Minister Dipu Moni said Wednesday. "The prime minister held meetings with Indian businessmen during...

Country has potential to generate 350mw more low-cost hydropower

2010-01-21 00:00:00

M Azizur RahmanThe country has potentials to generate more than 350 megawatts of low-cost hydropower by setting up new plants, especially in the southern region, officials said Monday.Of the total, 250mw hydroelectricity could be generated by building power plants on...

Make aid predictable to speed up growth, cut poverty: UN Official

2010-01-21 00:00:00

FE ReportA senior UN official urged Wednesday the developed world to ensure time-specific release of aid to poorer nations to help them pace up economic growth and poverty reduction. Noeleen Heyzer, under-secretary general of the United Nations, said that the...

SEC to get legal opinion on MF writ within a week

2010-01-21 00:00:00

FE ReportThe Securities and Exchange Commission (SEC) lawyer would submit his opinion within seven days on whether to appeal or not against the verdict of the writ petition on mutual funds (MFs)."The SEC asked my opinion to reach at a...

Govt plans to expand DCC area, says PM

2010-01-21 00:00:00

Prime Minister Sheikh Hasina Wednesday said in the Parliament that the government had a plan to expand the area of Dhaka City Corporation (DCC), as it appeared that the capital was overcrowded to the extent that it could be termed...

Obama firm to create CPA

2010-01-21 00:00:00

From Fazle RashidNEW YORK, Jan 20: Reeling in shock from an electoral debacle in a safe and long retained Democratic Senate seat in Massachusetts to rival Republicans President Obama did not shy away from expressing his determination to create a...

US audit team recommends improving safety measures

2010-01-21 00:00:00

Mashiur RahamanThe visiting audit team of Transportation Security Administration (TSA) of the USA urged Biman and Civil Aviation Authority of Bangladesh (CAAB) to improve cargo screening facility and overall airport security, prior to resuming New York flights.Following a two-day vigilance...

PC rejects RHD plan on Jatrabari-Kanchpur Rd

2010-01-21 00:00:00

FE ReportThe Planning Commission has rejected a proposal to increase the width of the Jatrabari-Katchpur road by adding four more lanes.The commission felt that it was not necessary immediately to improve the city's traffic jam, officials said.The Roads and Highways...

4 killed in road mishap in city

2010-01-21 00:00:00

FE ReportFour people, including three members of a family, were killed when a loaded truck smashed their private car on the Dhaka-Chittagong Highway at Jatrabari in the city Wednesday, police said.Witnesses said the accident occurred when a truck from Dhaka...

Cabinet okays draft policy to open up VoIP business

2010-01-20 00:00:00

M Azizur RahmanThe cabinet has approved the draft on the amendment to International Long Distance Telecommunication Service (ILDTS) Policy 2009 to accommodate more companies in businesses of international call terminations or voice over internet protocol (VoIP).The cabinet meeting, chaired by...

Pubali Bank participates in KL trade fair

2010-01-20 00:00:00

A trade fair titled 'Showcase Bangladesh-2010' organised by Bangladesh-Malaysia Chamber of Commerce and Industry was held in Kuala Lumpur, Malaysia recently.Pubali Bank Limited participated in the fair to expand and promote inward foreign remittances in the accounts of Bangladeshi expatriates,...

Singer unveils business strategy

2010-01-20 00:00:00

Singer Sales Conference, 2010 was held in the city recently with more than 450 participants from across the country.Theme for this year was "Change For Prosperity 2010". The sales conference set out business strategy and guidelines for the year 2010....

Govt receives $1.28b foreign aid in H1

2010-01-20 00:00:00

FHM Humayan KabirThe government received a record $1.28 billion worth of foreign aid in the first half of current fiscal, up $245 million from the same period last year despite the global economic downturn, officials said Monday.Economic Relations Division (ERD)...

ICB AMCL declares NAV of Employees MF

2010-01-20 00:00:00

The ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared the Net Asset Value (NAV) of its ICB Employees Provident Mutual Fund One: Scheme One, according to a press release.The total NAV of...

Tk 9.0b cash incentives released for exporters

2010-01-20 00:00:00

Monira MunniThe government released cash incentives worth Tk 9.0 billion for disbursement among major exporters, officials said.The finance ministry issued a letter last week asking the central bank for releasing the cash incentives to the exporters.Among the major export-earning sector,...

Bangladesh Bank, IFIC Bank sign participation deal

2010-01-20 00:00:00

FE Report Bangladesh Bank (BB) and IFIC Bank Limited signed a participation agreement at the BB conference hall in the city Tuesday for re-financing of Solar Energy, Biogas and Effluent Treatment Plant (ETP), said a press release. IFIC Bank Managing...

Emirates' Arab health package on offer

2010-01-20 00:00:00

FE ReportEmirates Holidays, the tour operating arm of Emirates Airlines, is offering special Arab Health packages enabling the Bangladeshi professionals to take part in the Arab HealthExhibition and Congress in Dubai from January 25-28, 2010.The three-night packages to the upcoming...

BEMMA elects office-bearers

2010-01-20 00:00:00

FE ReportAbsar Karim Chowdhury and Mainul Islam Bhuiyan were elected president and senior vice-president of Bangladesh Electrical Merchandise Manufacturers Association (BEMMA) for the term of 2009-10.Md Aktar Hossain has been elected vice-president of the association, BEMMA said in a statement...

IPO Diary

2010-01-20 00:00:00

ACI 20pc Convertible Zero Coupon BondsSubscription OpenJanuary 31, 2010Subscription CloseFebruary 04, 2010For Non resident BangladeshisJanuary 31, 2010 to February 13, 2010Total Issue Size1,335,850 Convertible Zero Coupon Bonds ofTk 1,000 each totaling Tk 1,335,850,000.Private Placement801,510 Convertible Zero Coupon Bonds of Tk...