Doulot Akter MalaCorruption is rampant in the country's largest land port Benapole hindering smooth export-import activities, a government intelligence report said.A section of corrupt customs officials and port operators have long been illegally charging so-called 'speed money' at every step...
FE ReportA new 19-member committee of the board of governors of Association of Bankers, Bangladesh (ABB) has been elected for 2009-2011 term.The committee was elected in the 12th annual general meeting of ABB held recently in the city.Mr. K. Mahmood...
Southeast Bank Limited expanded its network further by opening its 9th SME Service Centre at Jessore recently. Shahid Hossain, Senior Executive Vice President and Head of Human Resources Division of the Bank formally inaugurated the SME Service Centre. In the...
FE ReportGlobal Markets Department of HSBC Bangladesh organised a workshop titled 'Balancesheet Management and Risk Transfer Principles' at Manikganj recently. Foreign exchange dealers from 22 commercial banks and officials of the central bank participated in the workshop, said a press...
Jasim Uddin Haroon A local entrepreneur Saturday said it has taken a move to build multi-storeyed automated digital car parks at a cost of Tk 2.0 billion to help reduce traffic snarl-ups in the city.This new digital parking system would...
The 14th Annual General Meeting of Metro Spinning Limited was held at Spectra Convention Centre in the city Monday.The AGM approved Stock Dividend - (Bonus Shares) @25% (125 Shares for every 500 Shares) for the Financial Year 2008-09 for the...
National Tubes Limited has approved 30 per cent cash and 10 per cent stock (bonus share) dividends for its shareholders for the year 2008-09, according to a press release.The company also earned a pre-tax net profit of Tk 85.40 million...
FE ReportOfficers' knowledge in preparing bankable project proposals is key to ensuring access to finance to face challenges of globalisation.Director of Dhaka Chamber of Commerce and Industry (DCCI) Waqar Ahmad made the observation.He was speaking as the chief guest at...
FE ReportThe IPO (Initial Public Offering) lottery draw of R.N. Spinning Mills Limited was held Sunday at the Engineers Institution, Dhaka in the city.The schedule of sending refund warrants will be published in newspapers, officials concerned said. The company offered...
Chittagong OfficeChittagong, Dec 29: The annual general meeting (AGM) of Chittagong Chamber of Commerce and Industry was held in the CCCI auditorium recently.Most members of the trade body participated in the AGM chaired by its president MA Latif MP.Latif said,...
FE Report Banglalion Wimax has appointed Aftab Mahmud Khurshid as its chief brand officer (CBO) recently. Prior to joining Banglalion, he was the head of brand and marketing of City Bank.Mr Khurshid has a decade of experience and worked in...
The apex court Tuesday turned a deaf ear to government plea for staying the operation of a High Court (HC) interim direction for the law not to disturb in any manner the daily Amar Desh acting editor and two others...
RAJSHAHI, Dec 29 (BSS): The daylong cold weather coupled with chilly wind hampered the normal life in the city and its adjoining areas Tuesday. Local Met office recorded the season's lowest minimum temperature at 6.1 degrees Celsius here this morning...
Bangladesh has overtaken India in apparel exports this year as for the first nine months, its exports stood at 2.66 billion US dollar, ahead of India's 2.27 billion US dollar, BSS reports from New Delhi, India.In 2008, both the countries...
The Steering Committee members of the South Asia Network of Economic Research Institutes (SANEI) agreed at a meeting in the city Saturday to strengthen networking among economic research institutions in the region for generation of knowledge to accelerate pace of...
The Bangladesh Development Bank Ltd (BDBL), created through the merger of two state-owned development-financing institutions (DFIs), the Bangladesh Shilpa Bank (BSB) and the Bangladesh Shilpa Rin Sangstha (BSRS), is expected to start operation early next month. The BDBL and the...
Shamsul Huq Zahid The government hardly does anything praiseworthy, particularly in the education sector. Despite lots of experimentations during past decades, the country's education system barring at the tertiary level is yet to catch up with global standard. If one...
Irfan AzizEntrusted with the responsibility of solving problems of city life and creating civic amenities, Dhaka City Corporation (DCC) has undeniable importance. It faces the challenge of tackling the problems of Dhaka, one of the top 10 cities of the...
The article of Mr. A.K.M Mizanur Rahman, first vice-chairman of Bank Asia published in The Financial Express (December 25, 2009) has drawn my attention. The writer expressed deep concern over the shortage of Islamic banking personnel. Now a days, conventional...
The gas crisis in the city has reached unbearable levels. In fact, the phenomenon is not new and had been like this for a long time. No matter how many times it has been mentioned in the media, the authorities...
Gopal SenguptaJUSTICE Nazrul Islam Chowdhury, while speaking at a seminar on December 19 last, observed that many a lawmaker do not go through the texts of the laws before passing them into laws. He rightly highlighted the need on the...
K. M. MuktaJUDICIARY is an important and indispensable organ of a modern nation state. It is a rudder-like entity. It is the last and tested resort to uphold the Constitution, reflecting the aspirations of the people at large. But within...
SYDNEY, Dec 27 (Bloomberg): Asian stocks advanced this week for the first time in three weeks, led by technology companies and commodity producers on optimism the global economic recovery is strengthening. Inotera Memories Inc. surged 23 per cent in Taipei...
FE ReportThe annual sales conference 2009 of Silva Pharmaceuticals Ltd, a company of Al-Amin Group, was held at the BIAM auditorium in the city Saturday.AR Hasan Mirza, director (operation) of the company, inaugurated the conference.Mr Mirza, in his inaugural speech,...
NEW DELHI, Dec 27 (Bloomberg): India increased the amount some state-run companies can spend to acquire assets and set up joint ventures, allowing them greater freedom to expand and become globally competitive. The "maharatna" companies will be able to make...
LONDON, Dec 27 (Bloomberg): European stocks rose for a second week, with the benchmark Dow Jones Stoxx 600 Index heading for its largest annual increase in a decade, on mounting evidence that the global economy is recovering. Royal Dutch Shell...
Dulamia Cotton Spinning Mills Limited (DCSML) has approved 2.0 per cent dividend for its shareholders for the year 2008-09, according to a press release.The approval was given at the 22nd annual general meeting (AGM) of the company on the factory...
FE ReportHolcim (Bangladesh) Ltd, a leading cement company in the country, arranged a get-together titled 'Holcim Family Time' at Cox's Bazaar recently. Holcim always considers its dealers as channel partners and family members of its big corporate family. Holcim arranged...
NEW YORK, Dec 27 (Bloomberg): Shares of the following companies may have unusual moves in US trading. Stock symbols are in parentheses. Electronics for Imaging Inc. (EFII US): The digital- printing company said its tender offer was oversubscribed and that...
BEIJING, Dec 27 (AFP): China's national assembly Saturday signalled the country's commitment to reducing greenhouse gas emissions by adopting a law supporting its renewable energy industry. The new law, an amendment to one on renewable energy adopted by the National...
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