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Bangladesh's impressive gain in governance, economic freedom in 2010 MCC scorecard

2009-11-12 00:00:00

Bangladesh has made considerable progress in terms of MCC (Millennium Challenge Corporation) scorecards released in USA on Tuesday, reports UNB.A release of Bangladesh Embassy in Washington said Bangladesh met MCC requirements in eight of seventeen indicators weighted by the MCC....

State counsel seeks death penalties for convicts

2009-11-12 00:00:00

Chief State Counsel Anisul Haque sought the apex court uphold the death penalties for the Bangabandhu Murder Trial convicts as he concluded submissions on his part in the final appeal hearing of the case Wednesday, reports BSS."The collective conscience of...

CID grills ex-NSI director in Ctg arms haul case

2009-11-12 00:00:00

CHITTAGONG, Nov 11 (BSS): The Criminal Investigation Department (CID) today grilled former director of National Security Intelligence (NSI) Major General Enamur Rahman Chowdhury in the 10 Trucks Arms Haul Case.Major General Enamur, currently serving at Bangladesh University of Professionals, was...

BDR-BSF agree to maintain tension-free, peaceful border

2009-11-12 00:00:00

RANGPUR, Nov 11 (BSS): Bangladesh Rifles (BDR) and Indian Border Security Force (BSF) agreed Tuesday to ensure sustainable peace along common borders through mutual cooperation and resolve all bi-lateral border issues through dialogue. The two neighbouring border guards also reiterated...

ALCWC meet Saturday

2009-11-12 00:00:00

Ruling Awami League's Central Working Committee (ALCWC) meeting will be held Saturday, reports bdnews24.com. The date was announced Wednesday in a press release signed by the party's Deputy Office Secretary Mrinal Kanti Das. AL President and Prime Minister Sheikh Hasina...

Huji man taken on 5-day remand

2009-11-12 00:00:00

A metropolitan court in Dhaka placed an activist of Harkatul Jihad Al-Islami (Huji) on a five-day remand in connection with the August 21 grenade attack on Awami League rally, reports UNB.

SC allows CID to grill Arif in custody

2009-11-12 00:00:00

The Supreme Court (SC) has halted a High Court (HC) order that directed the police to interrogate Dhaka City Corporation (DCC) commissioner Ariful Islam Arif at the jail gate in the August 21, 2004 grenade attack case. The stay order...

'American Express credit cards offer extraordinary privileges'

2009-11-12 00:00:00

FE ReportThe recently launched American Express credit cards in Bangladesh by City Bank Ltd will help the local consumers improve their lifestyle needs."The brand value, superior product benefits and finally the franchise monopoly of the global financial giant American Express...

Companies receive SAFA awards

2009-11-12 00:00:00

Singer Bangladesh Limited has received 'Best Presented Accounts and Corporate Governance Disclosures Awards 2008' as Joint 1st Runner-up under Manufacturing category from South Asian Federation of Accountants (SAFA), an apex body of SAARC. Managing Director & CEO of Singer Bangladesh...

AB Bank's training programme held

2009-11-12 00:00:00

AB Bank Limited organised a day-long training programme on guidelines to fill in the Banking Statistics Returns (SBS-1) for the officers of the bank, said a press release. Bangladesh Bank DGM (Statistics Department) Bishwanath Sarker inaugurated the programme at the...

GP share trading begins on DSE Monday

2009-11-12 00:00:00

FE ReportShare trading of the country's largest issue Grameenphone will begin Monday next on the Dhaka Stock Exchange (DSE) and Sunday next on the Chittagong Stock Exchange (CSE).The DSE board Wednesday approved the GP listing and fixed the debut day....

Corrigendum

2009-11-12 00:00:00

The picture published in the FE's Tuesday's issue erroneously mentioned that Singer Bangladesh managing director receiving the ICMAB Award from Speaker of the parliament. Actually he received SAFA Award, not ICMAB Award from Finance Minister AMA Muhith, not Speaker. We...

Next hearing on UCBL writ Dec 7

2009-11-12 00:00:00

FE reportThe next hearing on the writ concerning the United Commercial Bank Limited (UCBL) will be held on December 7.A full bench of the Appellate Division headed by Chief Justice M M Ruhul Amin fixed the date after hearing Wednesday....

Dhaka 8th largest remittance earner in developing world

2009-11-12 00:00:00

A Z M AnasBangladesh became the eighth largest remittance earner in the developing world last year as it showed resilience in the face of stinging global recession, according to the latest World Bank data.The Development Prospect Group of the bank,...

'Help small, medium entrepreneurs by financing retail & SME products'

2009-11-12 00:00:00

FE ReportDeputy Managing Director (Administration) of Dutch-Bangla Bank Ltd (DBBL) Abul Kashem Md Shirin has asked the officials of the bank to help the small and medium entrepreneurs by financing retail and SME products.He was speaking as the chief guest...

Steel mill owners seek govt policy support

2009-11-12 00:00:00

FE ReportSteel mill owners of the country Tuesday urged the government for necessary policy support for exporting locally manufactured MS (Mild Steel) products to the overseas market.During a meeting with Industries Minister Dilip Barua, representatives of Bangladesh Steel Mill Owners...

Premier Bank opens 33rd branch at Bogra

2009-11-12 00:00:00

With a view to expanding the banking business and services countrywide, Premier Bank Limited opened its 33rd branch in Bogra recently, said a press release.Chairman of the board of directors of the bank Dr HBM Iqbal inaugurated the branch as...

Six flyovers under way over city level crossings to ease traffic jam

2009-11-12 00:00:00

Munima SultanaThe Dhaka city is likely to get six flyovers in heavy traffic locations of Moghbazar, Malibagh, Syedabad, Jurain, Karwan Bazar and Banani level crossings. Of the flyovers, the government plans to construct Malibagh, Syedabad, Jurain and FDC (Karwan Bazar)...

Citibank organises seminar on BACH

2009-11-12 00:00:00

FE ReportCitibank NA Bangladesh organised a seminar on 'Bangladesh Automated Clearing House' in the city recently. The aim of the seminar was to brief the clients of the bank on the changes of the clearing process after the implementation of...

EBL joins Omnibus ATM network

2009-11-12 00:00:00

FE ReportEastern Bank Ltd (EBL) has joined Omnibus, a platform of shared ATM (automated teller machine) and POS (point of sales) networks recently. From now on, the EBL customers can use shared network of over 300 ATMs of Omnibus across...

IPO Diary

2009-11-12 00:00:00

Golden Son LimitedNature of BusinessGolden Son Limited is involved in producing and exporting non-electrical and Sports items to Taiwan, U.K, Canada, South Africa, Australia, Hong Kong and Singapore.Subscription OpenNovember 08, 2009Subscription CloseNovember 12, 2009 For Non resident BangladeshiNovember 08, 2009...

Reform package to boost revenue, expedite ADP execution drafted

2009-11-12 00:00:00

Nazmul AhsanThe Ministry of Finance (MoF) has prepared a set of reform proposals to help boost the government's revenue earning and speed up the development expenditure, according to sources. The proposals were submitted to Prime Minister Sheikh Hasina on Wednesday...

Shipbuilding holds out high promises

2009-11-12 00:00:00

Shahiduzzaman KhanA 'pragmatic' policy for the shipbuilding industry is reportedly under consideration for attracting new investments and orders from abroad. The country has earlier witnessed some notable success in export of small ocean-going vessels. In this backdrop, the government is...

New pay-scale approved

2009-11-12 00:00:00

FE ReportThe government announced Wednesday the seventh pay scale for the public servants, brushing aside any possibility of inflationary pressure on the market.It also announced a pay scale for judicial service for the first time, in which the maximum pay...

Forex reserve crosses $10b mark for first time

2009-11-12 00:00:00

FE ReportForeign exchange reserve has crossed the $10 billion mark for the first time in the history of the country piggybacking on remittance, export growth and lower import."Entrepreneurs can get loan at easier term to import capital machinery and foreign...

Profit takers send stock mkt into red

2009-11-12 00:00:00

FE ReportDhaka stocks fell on profit taking in the heavily fluctuating market Wednesday, snapping the two-day record-breaking rally.Turnover rose to Tk 10.88 billion, fueled by the highest ever single-day transaction by Titas Gas.The market swung between gains and losses several...

ADP review meeting today

2009-11-12 00:00:00

FE ReportA high-level review meeting will be held today (Thursday) as the development project implementing agencies in the first quarter of the current fiscal could spend only 10 per cent of the Tk 305 billion allocated under the Annual Development...

PM directs NBR to take steps against tax defaulters

2009-11-12 00:00:00

Prime Minister Sheikh Hasina directed the National Board of Revenue(NBR) to move fast for quick disposal of all the pending income-tax cases to realize the outstanding money from the defaulters, reports UNB. She gave the directive while presiding over the...

SC stays HC verdict on mutual funds for 14 days

2009-11-12 00:00:00

FE ReportThe Chamber Judge of the Supreme Court has suspended the verdict related to mutual funds delivered by High Court for 14 days. Securities and Exchange Commission (SEC) prayed for permanent stay-order on HC order on allowing mutual funds to...

BOU SSC results published

2009-11-12 00:00:00

The final results of 1st and 2nd year SSC examination-2008 under Bangladesh Open University (BOU) were published Wednesday. A total of 146,713 learners enrolled in the SSC programme. Of them, 59,549 candidates sat the 2nd year final examination while 84,127...