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...
City Bank has opened its 9th SME service centre at Jatrabari in the city Wednesday with online SME and retail banking and foreign remittance services, according to a press release.City Bank DMD (Operations) Raihan Ul Ameen inaugurated the SME service...
FE ReportAs part of its CSR (corporate social responsibility) activity, Prime Bank Ltd has donated a microbus to Faujderhat Cadet College for emergency use by teachers and students of the college.Former cadet of Faujderhat Cadet College M Ehsanul Haque, managing...
FE Report Hongkong and Shanghai Banking Corporation in Bangladesh (HSBC) has taken part in the REHAB Fair 2010 with a range of products, said a press release. HSBC will be present in the fair with its stall # 67A, until...
Fazlur RahmanThe ongoing housing fair in the capital has already drawn ample attention of prospective buyers particularly from the middle-income group thanks to various discount offers on plots and apartments, organisers said Wednesday.As a strategy to woo prospective buyers, most...
Doulot Akter MalaThe government has moved again to look into the financial irregularities, taking place in 20 income tax offices during the period of 1977-78 to 1985-86, which caused a substantial amount of loss in revenue to the national exchequer.The...
Mashiur RahamanThe first phase of a joint venture to make fabric and garments for the Japanese clothing giant 'Uniqlo casual clothing chain' in Bangladesh is expected to take shape early this year, company source said.The Japanese 'Fast Retailing Co,' mostly...
FE ReportTwo companies out of 236 listed with the Dhaka Stock Exchange (DSE) have defaulted on holding annual general meetings (AGMs). The companies are Delta Life Insurance and Quasem Silk Limited, according to DSE officials.The last AGMs of Quasem Silk...
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