FE ReportFinance Minister AMA Muhith said Thursday the government will soon come up with a formula to address the longstanding problems of already identified 147 sick industries."We will shortly decide what to do about the 147 industries that have already...
Prime Minister Sheikh Hasina has announced that her government will make education up to bachelor's degree free of cost, reports bdnews24.com. She said her government would raise funding for the education sector and appoint more teachers to government primary schools...
FE ReportThe angry unsuccessful applicants of Golden Son Limited's (GSL) Initial Public Offering (IPO) staged a demonstration in front of Dhaka Stock Exchange (DSE) Thursday for getting back their refund warrants quickly. The applicants gathered before the DSE at 1pm...
FHM Humayan KabirAshuganj Power Stations Company Ltd (APSCL) would conduct a major upgradation by installing two gas-fired power units having a combined 600mw capacity. In the process, it will scrap the existing five ailing units. The project is aimed at...
S M JahangirThe government's current 'Aman' procurement drive is slowing down due to marked difference between the official and open market prices."Unlike that of last Boro season, the local suppliers are showing poor response to the government's ongoing Aman purchase...
FE ReportDhaka stocks maintained their upward trend for the 13th straight session Thursday in spite of profit selling in the morning. The DSE General Index (DGEN), the main gauge of exchange, finished with a fresh rise of 14.27 points or...
A deal between Bangladesh and India on sharing waters of the Teesta River is unlikely to be inked during Sheikh Hasina's upcoming visit to Delhi, Foreign Minister Dipu Moni has said, reports bdnews24.com. "We are not hopeful that the agreement...
The government has created a new administrative division on banking and finance under the Ministry of Finance. The new division has been named 'Bank and Financial Division', an official handout said Thursday. — UNB
RAJSHAHI, Jan 07: A student activist was killed Thursday in clashes at Rajshahi Polytechnic Institute between Chhatra Maitree and Chhatra League. Principal of the Institute Joynal Abedin said the polytechnic had been closed sine die. The victim was identified as...
BM Bakir Hossain, a former chief of Sonali Bank employees union, died of brain haemorrhage in custody Thursday, a prison official said. Hossain passed away in Apollo Hospitals while undergoing treatment, Deputy Inspector General (Prisons) of Police Golam Haider said....
FE ReportBangladesh government, Asian Development Bank (ADB) and Palli Karma Shahayak Foundation (PKSF) Thursday inked a tripartite agreement for $ 2.0 million to provide low-cost insurance facility to the poor, particularly women.Joint Secretary of Economic Relations Division (ERD) Safiuddin Ahmed,...
Sheikh Shahariar ZamanGeneral investors in the Chittagong stocks are reluctant to use internet-based trading system (ITS) due to ignorance about the advantage the system offers.The ITS was launched in 2005, but in the last five years the exchange could not...
The Executive Committee of National Economic Council (ECNEC) approved Thursday nine development projects with total outlay of Tk 19.65 billion (1965 crore), reports UNB.The projects are telecommunication network development project (Tk 6.23 billion), roads development project of Faridpur town (Tk...
FE ReportUse of modern technology by the light engineering sector was needed for the industry to meet the challenges of globalisation, Industries Minister Dilip Barua said Thursday."Transfer of modern technology had become very much crucial for the development of the...
From Fazle RashidNEW YORK, Jan 07: President Obama already confronting a series of nerve wrecking problems may see another added to his cup of woes. Democratic Party's 60-member Senate majority may end in November when the mid-term Congressional elections are...
A government drive to free four rivers surrounding Dhaka city from encroachment will begin in March, Shipping Minister Shajahan Khan said Thursday, reports bdnews24.com. The government has constituted a sub-committee with the shipping minister as its convener to stop further...
Bangladesh is seeking Indian investment for its two power plants of 1,300 MW power plant each and transmission link between the two countries. An agreement to fund to the power projects is likely to be signed during the forthcoming visit...
Geoff DyerThe most talked-about television programme in China at the moment is a soap opera called Snail House, which offers the viewer sex, corruption and political intrigue. Really, however, it is all about house prices.One character becomes the mistress of...
Bangladesh made a routine payment of $485 million to the Asian Clearing Union (ACU) Thursday against imports during November-December last year, central bank officials said. The payment pushed the foreign exchange reserve down to $10.04 billion on the day from...
FE ReportThe rapid economic growth experienced by Bangladesh and other developing countries in the Asian region in the recent past has failed to secure socioeconomic equity in the region over the time; a panel of top economists observed Thursday. As...
WASHINGTON, Jan 6 (AFP): US officials expressed dismay Tuesday after Taiwan's parliament resumed a ban on certain US beef imports over fears about mad cow disease. "We are deeply disappointed with the decision by Taiwan's Legislative Yuan to amend the...
MUMBAI, Jan 6 (Bloomberg): Soybean meal supplies from India, Asia's biggest exporter, dropped 41 per cent in the three months ended December, as a surge in local seed prices prompted buyers to shift to South American supplies, a processors' group...
January 06, 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 Bank69.4500100.2079111.26550.763067.261567.261563.7807Agrani Bank69.4500100.0163111.21580.766067.426967.216263.5773FCBsStanChart69.65101.86113.440.7869.0268.3264.94HSBC 69.6305100.9102113.54160.782767.649466.750263.0006Citibank naNANANANANANANABank of Ceylon69.5400102.0665114.03430.784068.756267.837366.3620PCBsUttara Bank69.5000100.6336111.54740.770867.298467.286763.7902AB Bank69.6000101.9811112.98110.7755NANANABuying rates from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...
MUZAFFARABAD, Jan 6 (AFP): A bomb attack killed three security personnel outside an army base in Pakistani-administered Kashmir close to the line separating it from Indian territory Wednesday, police said.The attack came one day after Pakistani President Asif Ali Zardari...
The UK and France have reopened their embassies in Yemen, after they were closed earlier this week in response to a possible al-Qaeda threat, reports BBC.The British embassy said its public services still remained closed, and that the security situation...
China's ambassador to the United Nations, Zhang Yesui, has said the time is not right to consider more sanctions against Iran, reports BBC.The UN Security Council, including China, has previously called for Iran to stop enriching uranium and has issued...
Israeli army confirms killing of one Palestinian in airstrikeRAMALLAH, Jan. 6 : Israel Defense forces (IDF) Wednesday confirmed that one Palestinian operative was killed and three additional operatives were injured in its airstrike on Gaza strip. The Israel Air Forces...
Jasim Uddin Haroon The country's cement manufacturers see Myanmar as potential destination for their products as huge development work is taking place in the states close to Bangladesh-Myanmar border.One local cement-maker-Premier Cement-has already started shipment of the building material to...
Standard Chartered Bank has recently signed an agreement with TVS Autos Bangladesh Limited, according to a press release.Standard Chartered Bank Head of Marketing and Alliances Gitanka D Datta and TVS Autos Bangladesh Chief Operating Officer Reaz Ahmed signed the agreement...
FE Report Former American presidential candidate Senator John Kerry has lauded Bangladeshi businesses for steps to set up solar panel assembly plants, describing the move as "life-altering" for the nation.He said the international community should offer "right incentives" to foster...
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