DAVOS, Jan 31 (AFP) - The IMF is working to create a 100 billion dollar Green Fund to help countries mitigate the effects of climate change, the agency said on its website Sunday.The managing director of the International Monetary Fund...
Mashiur RahamanThe ongoing South Asian Games 2010 has given a big boost to the city's luxurious residential hotels as almost all of them have been 'house full' for over a week and are supposed to remain so in the next...
FE Report Bangladesh taka (BDT) marginally depreciated by 0.08 per cent against the US dollar in the last one week following a rise in demand for the greenback in the market. The US dollar was traded at Tk 69.19-Tk 69.23...
One of the very galling aspects of the social and political scenes in Bangladesh is the car bashing culture. Mobs and youngsters on different pretexts are frequently seen swooping down on private transports and bashing them most insensitively to give...
Shamsul Huq Zahid The Securities and Exchange Commission (SEC), according to a report published in the Financial Express, has prepared a proposal requiring the private companies with paid-up capital of Tk 500 million and above to get listed on the...
Amir Hossain AbdullahBangladesh is recognised as the cheapest place for doing business in Asia. However, this recognition as the lowest cost investment decision ought not to breed any self satisfaction among the policy planners. For a short term advantage acquired...
Every year, the country is seen losing nearly 80 thousand hectares of arable lands due to river erosion, building of houses and infrastructures. Thus, one per cent of arable lands is getting lost annually when the demand for food is...
The concept of community policing is a relatively new one in Bangladesh. But it is a well established system in many countries including the developed ones where the same is noted to be working with much effect. The system basically...
Some evil persons sometimes try to gain by entrapping others. Some among them indulge in cyber crimes. They email alluring offers to the unsuspecting people causing them harm.Everyone should always be alert about it.Habibur Rashid IsmailJamea Rahmania Madrasa, Chittagonghabibur.rashid.ismail@gmail.com
Mahbubur RashidSTOCK market of Bangladesh had remained steady ever since the army-backed caretaker government came to power in January, 2007. Here is the apparent contradiction. The caretaker government launched crusade against corruption and they arrested a lot of politicians and...
Saidur RahmanWORLDWIDE assets of the Islamic banking and financial services industry are currently estimated approximately at US$1000 billion. More than 300 banks and financial institutions are providing their banking services under Islamic framework in more than 60 countries of Asia,...
MUMBAI, Jan 31(Economic Times): The Indian stock market is seen choppy with a negative bias next week. With the end of the third quarter results season and Reserve Bank of India's monetary policy review behind, traders will eye cues from...
FE ReportTwo books of Md Mahfuzar Rahman Akandh named 'Mullya Sangjojan Kar ebong Abgari Sulka-Ain, Bidhimala, Prayog Paddhati o Neerikkha' and 'Ponyer Man Pronayan ebong Man Niyantran Manual' launched in a discussion ceremony on 'the role of BSTI to control...
KARACHI, Jan 31 (Business Recorder): Wateen Telecom Limited (WTL) has planned to offer 110 million ordinary shares to the general public at a price of Rs 10 per share with a greenshoe option of 90 million shares, it is learnt....
Our CorrespondentNATORE, Jan 31: The annual general meeting (AGM) of Natore Palli Bidyut Samity (PBS)-2 was held at its Bonpara office recently. President of the Samity Md Fulhar Hossain Fakir presided over the meeting while its Treasurer (Cashier) Md Nazrul...
DUBAI, Jan 31 (Reuters): Dubai contractor Arabtec said Sunday it has won a 710-million- dirham ($193.3 million) contract to build an 80-storey tower in Dubai from Abu Dhabi-based developer Tasameem Real Estate.Arabtec, the UAE's biggest contractor by market value, said...
LUANDA, Jan 31 (AFP): India has stepped up its efforts to gain an economic foothold in Africa in a new scramble with China for the continent's resources, signing energy deals with top oil producers Angola and Nigeria. India has lagged...
KUALA LUMPUR, Jan 31 (Commodity Online): Global rubber consumption would rise by 4.3 per cent annually upto 2013, after a weak, recession plagued 2009.A majority of rubber demand is accounted for by the motor vehicle sector, particularly via usage in...
CALIFORNIA, Jan 31 (Commodity Online): US scientists say they have developed a microbe that can produce an advanced biofuel directly from biomass.Scientists led by Jay Keasling from the US Department of Energy's Joint BioEnergy Institute said using synthetic biology they...
NEW YORK, Jan 31 (Bloomberg): Cocoa prices fell, posting the longest slump in 15 months, as the dollar's rally eroded demand for commodities as alternative investments. Coffee recorded the biggest weekly drop since September.The greenback rose to a five-month high...
January 31, Sunday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Sunday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.450096.8436111.48500.777665.844265.278061.8011Agrani Bank69.450096.5924111.32690.779465.176565.176561.5494FCBsStanChart69.65101.86113.440.7869.0268.3264.94HSBC 69.530998.9452114.25450.792266.778865.820563.2728Citibank naNANANANANANANABank of Ceylon69.5900100.6715115.11140.809967.985566.200565.5886PCBsUttara Bank69.500097.2054111.68700.784965.610965.243061.7590AB Bank69.550098.4731113.04690.7888NANANABuying rates from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...
FE Report In recognition of efficient project implementation, the Asian Development Bank (ADB) Sunday awarded to its five best performing project teams for 2009 in Bangladesh. The best project recognition programme, initiated in 2001, is part of an ongoing effort...
FE ReportInternational Chamber of Commerce-Bangladesh (ICCB) has put a thrust on united efforts to tackle the challenges created due to climate change and also making the WTO more effective."There is still time for countries to act together and delay, or...
The ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared the Net Asset Values (NAV) of its seven unit funds, according to a press release.ICB AMCL First Mutual Fund: The total NAV of...
There was an error in a news item titled 'Southeast Bank holds business policy, managers' confce' published on page 9 of Sunday's The Financial Express. The report inadvertently mentioned that operating profit of the bank in 2009 was Tk 400...
Delta Brac Housing Finance Corporation Ltd., known as DBH was rated 'AAA' (Triple A), top to the rating scale for long term and ST-1 for short term for the fourth consecutive year.Mr. Hamidul Huq, managing director of Credit Rating Agency...
FE Report Bangladesh Railway (BR) inaugurated the improved porter and luggage-handling services at the Dhaka Railway Station, Kamalapur in the city Saturday, said a press release. The "PIP (Performance Improvement Programme) Team -- G of MATT 2, Batch-20", working under...
FE ReportA six-day long fair of Sheltech Pvt Ltd begins today (Monday) in the city aiming to introduce some 15 projects of the leading real estate company. The fair would be held at its headquarters at West Panthapath in the...
FE ReportA seven member trade delegation of Sri Lanka Bangladesh Chamber of Commerce and Industry led by its President Harikesha Wijesekera called on DCCI President Abul Kasem Khan at DCCI Sunday. DCCI president Abul Kasem Khan said in his speech...
FE ReportCommercial Bank of Ceylon (CBC) has recently opened two SME service centres in Chittagong and Dhaka, said a press release. CBC Country Manager S Prabagar formally inaugurated its fifth and sixth SME service centres at CDA Avenue in Chittagong...
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