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Next monetary policy to target inclusive growth: BB governor

2009-12-28 00:00:00

FE ReportBangladesh Bank (BB) would target 'inclusive growth" in its next half-yearly monetary policy due in January after the country weathered the global economic crisis "remarkably well", its governor said Sunday.Atiur Rahman said major sectors including exports, imports, remittance and...

Dhaka stocks hit new mark as GP rallies for fifth day

2009-12-28 00:00:00

FE ReportDhaka stocks hit a new mark Sunday as the market heavyweight Grameenphone rallied for the fifth consecutive day and financials gained late on expectations of better-than-expected year-end performance of leading banks.The DSE General Index (DGEN) --- the most representative...

Some jute mills face closure as fibre scarcity deepens

2009-12-28 00:00:00

S M JahangirA number of jute mills are facing closure as the supply scarcity of the fibre has deepened even after a ban on export was imposed by the government, the industry sources said.The price of raw jute has again...

Help uphold democracy, PM urges editors

2009-12-28 00:00:00

Prime Minister Sheikh Hasina sought cooperation of the media in maintaining uninterrupted run of the hard-earned democracy in the country, as she said it is sine qua non for protecting people's rights and interests, reports UNB.She made the call when...

Ashura today

2009-12-28 00:00:00

The holy Ashura commemorating the martyrdom of Hazrat Imam Hossain (RA), grandson of Prophet Hazrat Muhammad (PBUH), will be observed in the country today (Monday) with religious fervour and mourning over the tragedy, reports UNB.This day in the Hijri year...

MoC limps without secy,despair grips ministry

2009-12-28 00:00:00

FE ReportThe Ministry of Commerce (MoC) has been functioning without its secretary for one month thanks to the reluctance of the government to strengthen the key ministry of the government, officials said.The normal activities of the ministry and its six...

Gas crisis hits some city areas

2009-12-28 00:00:00

FE ReportCity dwellers are now feeling the pinch of acute gas crisis with the advent of winter due to low gas pressure and inadequate supply.Residents of different areas including Mirpur, Moghbazar, Cantonment, Jatrabari, Mohammadpur, Lalbagh, Dhania are worst affected, said...

TCB to import red lentil from Nepal

2009-12-28 00:00:00

FE ReportTrading Corporation of Bangladesh (TCB) is going to import red lentil from Nepal, said sources.The consignment from Nepal will reach the country by mid-January, and TCB will sale the item through its distributors, said a source at the government...

Six sued over Ctg shipyard blast

2009-12-28 00:00:00

A case was filed Sunday against six people for Saturday's explosion at a ship-breaking yard at Madambibir Haat in Sitakunda under Chittagong that left four workers killed and 15 others injured. SI Azam Khan of Sitakunda police station filed the...

Solar eclipse Jan 15

2009-12-28 00:00:00

An annular solar eclipse will be visible from Saint Martin's Island and Cox's Bazar on January 15. During the annular eclipse the moon cannot blanket the sun totally, and a thin circle or ring of the sun is visible round...

Tk 2b fresh BB fund injected in housing scheme

2009-12-28 00:00:00

Siddique Islam The central bank has increased its refinancing fund for housing loan to Tk 7.0 billion from the existing Tk 5.0 billion to meet growing demand for the popular low-interest bearing credit facility."We've raised the amount to cater to...

Lawyer stabbed to death in city

2009-12-28 00:00:00

FE ReportA lawyer was stabbed to death by unknown miscreants at his house at Dhalpur in the city's Jatrabari area early Sunday, police said.The victim, Advocate Shamsul Haque Rinto (45), was a resident of 60/28/C, Dhalpur in Jatrabari.Mazharul, the victim's...

Clock to be moved back at 11:59pm on Dec 31

2009-12-28 00:00:00

FE ReportThe government Sunday said the clock would be moved back by one hour at 11:59pm, not exactly at midnight on December 31, dispelling confusion over turning clocks back from the Daylight Saving Time (DST). For the last couple of...

PSI companies to get 6-month extension

2009-12-28 00:00:00

The Pre-shipment Inspection (PSI) companies are getting an extension for six months to carry on their business, reports BSS.A proposal for the extension has been forwarded to the Chairman of the National Board of Revenue (NBR) for approval, an NBR...

Streamlining primary education

2009-12-27 00:00:00

THE decision of the government to introduce from this year the system of holding nation-wide public examination at the primary school level was initially received with marked scepticism. It was apparently a hurried decision. There were doubts whether the examinations,...

Bangladesh's adaptation to climate change

2009-12-27 00:00:00

Shahiduzzaman KhanBANGLADESH as a most vulnerable country sought 15 per cent of the US$30 billion fund agreed at the Copenhagen climate conference to tackle the adverse impact of the climate change. The country argued at the United Nations (UN) climate...

Bangladesh’s sea boundary demarcation

2009-12-27 00:00:00

Sirajur RahmanBANGLADESH, as was reported earlier, decided to take the issue of sea boundary demarcation with India and Myanmar to the UN Arbitration Tribunal. This belated move would save further setbacks for Bangladesh. Both the neighbours put Bangladesh at a...

Regulating students' consultancy firms

2009-12-27 00:00:00

A large number of students go abroad every year for higher studies. They take help from students' consultancy firms. In most cases, the guardians of the students are allured by the advertisement of these consultancy firms. Many firms are alleged...

The US, Afghanistan and ME conflict

2009-12-27 00:00:00

INSTEAD of withdrawing, the US sent 30,000 more troops to Afghanistan.Can the US and NATO say whether their troops would solve or escalate the problems in Iraq and Afghanistan?The US possibly wasted opportunities to solve the Afghan, Iraq and Israel-Palestine...

For a separate RMG ministry

2009-12-27 00:00:00

For the overburdened Ministry of Industries, the RMG industry is only a part of its responsibilities. Understandably, the RMG sector cannot get its total attention. A separate ministry for RMG industry would lighten the burden of the industry ministry. The...

Seeing the sun setting

2009-12-27 00:00:00

Maswood Alam KhanTHIS week is the last week in 2009. Last year in this week I had tried to visualise what was likely to happen in the next year. I painted on a canvas in my mind a picture of...

Newsletter from the USA

2009-12-27 00:00:00

Fazle RashidGood governance, transparency and accountability and political stability, once the core conditions for the eligibility of funding from the World Bank (WB) and the International Monetary Fund (IMF) but relaxed during the height of recession to help survive the...

First public examination of primary students

2009-12-27 00:00:00

Md. Masum BillahThis is for the first time the country has witnessed the holding of public examination of primary school students of Class Five, drawing appreciations for, and little criticisms of, the authorities concerned. Among the students who sat for...

The New Year's Day

2009-12-27 00:00:00

Iftu AhmedIn 46 BC, the Roman ruler Julius Caesar (100 BC- 44 BC) established January, as the New Year's Day. The Romans were dedicated to Janus, the God of gates, doors, and beginnings. The month of January, named after Janus,...

HK, China shares end higher, Geely up on Volvo talks

2009-12-27 00:00:00

HONG KONG/SHANGHAI, Dec 26 (Reuters): China's key index ended up 2.59 per cent, partly led by China State Construction Engineering Corp, on news that its parent was buying more shares in the listed unit, as institutional investors returned to the...

SBP all set to launch e-bond trading

2009-12-27 00:00:00

KARACHI, Dec 26 (Business Recorder): The State Bank of Pakistan (SBP) is all set to launch first-ever Electronic Bond Trading Platform (e-bond) in January 2010 to develop a secondary market for trading of the government securities. Sources in the banking...

Fareast insurance high-ups off to Malaysia

2009-12-27 00:00:00

Fareast Islami Life Insurance Co Ltd Chairman Md Nazrul Islam, Vice Chairman Md Muqaddes Hossain and Executive Committee Chairman M Tajul Islam left the country for Malaysia Saturday to receive Global Economist Forum Award on behalf of the company.London-based Global...

Incepta Pharmaceuticals holds annual sales confce

2009-12-27 00:00:00

The annual sales conference 2010 of Incepta Pharmaceuticals Limited was held at the Bangabandhu International Conference Centre in the city Thursday, said a press release. Incepta Pharmaceuticals Limited Managing Director Abdul Muktadir inaugurated the day-long programme while Planning and Commercial...

Emirates offers DSF packages for Bangladeshis

2009-12-27 00:00:00

Emirates again offers Dubai Shopping Festival (DSF) packages this year with exceptional value for money, said a press release.This exceptional value for money packages must begin and end within the validity of the offer from January 28 to February 28,...

Air India sharply increases domestic market share

2009-12-27 00:00:00

MUMBAI, Dec 26 (Business Standard): National carrier Air India (AI) has sharply increased its share of the domestic market thanks to increased travel and higher capacity. The news is particularly welcome for the carrier as its market share had dipped...