Monira MunniThe number of people going abroad with jobs has plunged by 42 per cent in November compared to the same period last year as major labour markets are showing no signs of recovery, officials said Thursday.The Bureau of Manpower,...
Sheikh Shahariar ZamanBangladesh Biman is going to borrow US$117 million syndication loans from local banks for aircraft procurement.Mutual Trust Bank (MTB) is taking part in the pool lending and willing to lend up to $25 million to the national flag...
From Fazle RashidNEW YORK, Dec 03: Ben Bernanke, the US Federal Reserve Chairman who was a Bush nominee and is a key person in the world finance, was set to appear before the Senate Banking Committee Thursday for confirmation in...
GENEVA, Dec 3 (AFP): WTO member states risk missing the 2010 target set by world leaders for reaching a global trade pact after a ministerial meeting made little progress towards ending an impasse plaguing negotiations."For the moment, my sense of...
United Nations Secretary-General Ban Ki-moon has appointed Ameerah Haq of Bangladesh as his special representative for Timor-Leste and head of the United Nations Integrated Mission in Timor-Leste (UNMIT) to succeed Atul Khare of India, reports UNB. She brings to the...
In the news item published in Thursday's issue of the Financial Express under the headline '43 short-listed for CIP status', the designation of Mirza Ali Behrouze Ispahani was inadvertently mentioned as Managing Director (MD) of M.M Ispahani Limited. Actually, he...
Surveys of Dhaka's air quality over the past decades have invariably been coming out with very disturbing data. The latest was the revelation at a seminar last month (21 Nov 2009), organized by the Association of French and Bangladeshi scholars...
Enayet Rasul BhuiyanStudies by donor agencies from time to time have repeated the point that economic growth in Bangladesh is getting shaved off as a consequence of corruption. According to such studies, the country could probably add another 2 to...
Monowar HosseinMORE than 60 per cent of the country's population found two square meals a day difficult to afford in the early seventies. In 1991-92, the people belonging to this category was about 55 per cent. In 1999-2000 it dropped...
US President Barack Obama has to announced his decision about adding as many as 40,000 troops to Afghanistan to the eight-year-old war. To the uninitiated, there are about 110,000 foreign troops, including 68,000 US soldiers, in Afghanistan fighting Afghan freedom...
The prospects of Dhaka becoming one of the top ten cities of the world in terms of population size, should make the people of the country proud of their capital city. But this pride cannot be an unmixed one because...
There is no reason to consider the request of the Amnesty International (AI) to commute the death penalty of the murderers of Bangabandhu and his family members on humanitarian grounds.On November 19, the Appellate Division of the Supreme Court upheld...
Connie HedegaardTHERE are moments in history where the world can choose to go down different paths. The COP15 Climate Conference in Copenhagen is one of those defining moments: We can choose to go down the road towards green prosperity and...
Tarequl Islam MunnaThe United States has called for a compromise at the next month's global climate talks in Copenhagen and vowed to support a fund to help developing countries cope with emissions cuts. "We cannot let the pursuit of perfection...
JETROJapan External Trade Organisation (JETRO), the official trade and investment promotion agency of the Government of Japan, has been conducting surveys regularly on investment-related cost comparisons in major cities of Asia with the objective to provide effective guideline to the...
Md Masum BillahThe US President, Barrack Obama recalled his personal experience and family roots in Asia and conveyed his intention to engage deeply with the region. Whether or not his skills in cultural diplomacy can rebuild the U.S. influence in...
HONG KONG/SHANGHAI, Dec 2 (Reuters): Stocks in Hong Kong and China chalked up a third consecutive session of bargain-hunting gains Wednesday after positive US home sales data restored confidence in a global economic recovery and lifted stocks on Wall Street....
NEW YORK, Dec 2 (Reuters): The Dow Jones industrial average climbed to its highest close in 14 months Tuesday as a weak dollar boosted natural resource companies' shares and economic data reinforced hopes for a sustainable recovery.Sentiment also got a...
HONG KONG, Dec 2 (Reuters): Kohlberg Kravis Roberts & Co and Fubon Financial are among the bidders for Morgan Stanley's stake in Chinese investment bank CICC, people familiar with the matter said Wednesday, in a deal that could be worth...
HELSINKI/NEW YORK, Dec 2 (Reuters): Nokia Siemens Networks will object in US bankruptcy court to Ciena Corp's $769 million bid for Nortel's optical networking and carrier ethernet business, and is ready to raise its offer to $810 million in cash,...
Oracle and HP have launched the HP and Oracle Consulting Accelerate Solution for Industrial Manufacturing to help midsize industrial manufacturing companies streamline their IT implementations.This validated Oracle Accelerate solution offers complete hardware, software and services to help midsize industrial manufacturers...
TOKYO, Dec 2 (Reuters): Japan's Nikkei stock average inched up 0.4 per cent Wednesday to a two-week closing high, with short-covering buoying the market as the yen fell against the dollar while metals shares rose after gold hit a record...
BEIJING, Dec 2 (AFP): China has approved genetically modified strains of rice and corn in a move experts say could dramatically boost crop yields and help the world's most populous nation avoid food shortages. The Ministry of Agriculture said it...
SINGAPORE, Dec 2 (AFP): Oil was mixed Wednesday in Asian trade amid renewed tensions over Iran's nuclear programme, analysts said. New York's main contract, light sweet crude for January delivery, dropped five cents to 78.32 dollars a barrel. Brent North...
LONDON, Dec 2 (AFP): The price of gold reached above 1,200 dollars an ounce for the first time Tuesday as a weak US currency pushed up demand for the precious metal viewed as a safe-haven investment, analysts said. Gold struck...
WASHINGTON, Dec 2 (Commodity Online): Global cotton ending stocks are expected to shrink by 13 per cent to 10.7 million tonnes by the end of 2009/10. This would be the largest decline in stocks since 2002/03, and it is explained...
Prime Islami Life Insurance Limited held its 87th board meeting at the company's head office recently, said a press release.Chairman of the board MA Wahhab presided over the meeting. Among others, directors Manzoor-Ul-Karim, ZM Kaiser, Tarique Ekramul Haque, Ayesha Sultana,...
December 02, Wednesday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Wednesday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.4500105.3589115.61000.807169.902166.798064.7021Agrani Bank69.3500102.6051111.16000.794267.597065.992162.6260FCBsStanChart69.50108.77117.300.8371.6367.7965.84HSBC 69.4710106.9715118.04860.844270.435166.661565.0254Citibank naNANANANANANANABank of Ceylon69.3900106.6483118.19480.829371.891867.212366.7046PCBsUttara Bank69.4500105.8199115.81990.814769.647566.743264.6931AB Bank69.4500106.8514117.09340.8173NANANABuying rates from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...
Brummer & Partners, the largest Scandinavian hedge-fund manager, plans to set up a fund to buy Bangladeshi stocks, betting the south Asian nation will attract investors seeking the world's next low-cost labour hub, reports Bloomberg.The fund "should not be larger...
FE ReportThe IPO lottery draw of Provati Insurance Limited will be held on December 15 subject to approval of the Securities and Exchange Commission (SEC), the company sources said. The initial public offering (IPO) of the company received an overwhelming...
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