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...
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;...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 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....
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)...
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...
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,...
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...
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...
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...
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...
CHITTAGONG, Jan 19 (BSS): Indian batsmen made full use of their bowlers' hard work as they extended their lead to 123 with nine wickets in hand when bad light forced the stumps to be drawn on the third day of...
Bangladesh Taekowando team hopes to win at least two gold medals in the South Asian (SA) Games to be held in the capital on January 29-February 9, reports UNB.Addressing at a press conference at the BOA Bhaban Tuesday, Taekowando Federation...
MUMBAI, Jan 19 (AFP): Pakistani cricketers will not feature in the third edition of the Indian Premier League this year after being ignored by franchises at the players' auction Tuesday.None of the 11 Pakistanis who went under the hammer, including...
MELBOURNE, Jan 19 (AFP): Venus Williams warmed-up for another tilt at the elusive Australian Open title Tuesday with a 6-2, 6-2 first round thrashing of Czech Lucie Safarova.Safarova was expected to provide a tough opening challenge but the tall American...
The Olympic torch, to be lighted in Sri Lanka on January 22 marking the ensuing SA Games, will arrive here on January 24, reports UNB.The eight-nation SA Games, the biggest sporting extravaganza of the region, will be in Dhaka from...
LONDON, Jan 19 (AP): Written off three months ago, Arsenal can claim top spot in the Premier League with a victory over Bolton Wednesday and propel itself toward a first title since 2004.The Gunners looked unlikely title contenders when they...
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