Large-scale dumping of untreated effluents into nearby rivers, canals, water bodies and surface drains by industrial units, mainly tanneries and textile and dyeing mills has become a serious threat to the environment and human health. Not too long ago the...
Enayet Rasul Bhuiyan'Eternal vigilance is the price of liberty.' So it was stated by the renowned nineteenth century American columnist and orator, Wendell Phillips. The high relevance of these words of wisdom spring to mind in relation to the present...
Shafique AhmedREMITTANCE from Bangladeshi workers abroad is going up despite some unexpected developments abroad. According to the Bangladesh Bank (BB), remittance totalling $8.22 billion was received in the country in the last calendar year, marking a 25.36 per cent growth...
THE Indian Border Security Force (BSF) is following a trigger happy policy in border management. That is why BSF does not hesitate to shoot and kill Bangladeshis even at the outset or during a meeting between the directors general of...
ACCORDING to the latest official estimates the remittance earning of Bangladesh in the first seven months of the current calendar year increased to nearly $6.0 billion. It is an encouraging sign about the economy. During the ongoing recession, this money...
A destination to be arrived at in twenty minutes needs at least one and a half hours or more to be reached nowadays due to traffic jam. The jams are noted to be turning only more horrendous every day.Hardly are...
M S SiddiquiNon-performing loans (bad loans or NPLs) of the banks in Bangladesh are increasing day by day. This is so, notwithstanding the presence of a strong law namely Artho Rin Adalat (ARA) to recover the NPLs. The law, however,...
Md. Ershad Ullah and Md AsikuzzamanARTHA Rin Adalat or Money Loan Court was established under a law in 1990 to adjudicate the cases relating to the recovery of loans of financial institutions. Earlier, the cases for loan recovery were the...
MUMBAI Aug 12 (Bloomberg): India's benchmark stock index fell on concern the weakest monsoon rainfall in five years will slash farm output and spending. Mahindra and Mahindra Ltd., the nation's largest tractor maker, slid 3.3 per cent after the government...
KARACHI, Aug. 12 (Bloomberg): Pakistan State Oil Ltd., the nation's biggest fuel retailer, posted a full-year loss as declining prices eroded the value of its inventory. The net loss in the year ended June 30 was 6.69 billion rupees ($80.8...
SINGAPORE, Aug. 12 (Bloomberg): Soybean futures rose for a second day on speculation demand from importers including China, the world's biggest, will be sustained, draining supplies in the U.S. China purchased 110,000 metric tons of U.S. soybeans for delivery in...
LONDON Aug. 12 (Bloomberg): Gold fell for a sixth day in London, heading for the longest decline in five months, as a stronger dollar curbed the metal's appeal as an alternative asset. The dollar climbed as much as 0.4 per...
NEW DELHI, Aug. 12 (Bloomberg): India's industrial production increased at the fastest pace in 16 months in June, adding to signs that Asia's third-largest economy has escaped the worst of the global recession. Output at factories, utilities and mines jumped...
HONG KONG, Aug 12 (AFP): When restaurants in Hong Kong closed down one after another at the peak of the financial crisis, Michael Chan noticed the queues in his Cafe de Coral fast food outlets grew longer by the day....
ENERGY PRICE CHANGE %CHANGE BRENT CRUDE FUTR 72.010 -0.450 -0.62 GAS OIL FUT (ICE) 597.500 -2.750 -0.46 GASOLINE RBOB FUT 202.800 -1.420 -0.70 HEATING OIL FUTR 188.640 -2.530 -1.32 NATURAL GAS FUTR ...
SINGAPORE, Aug 12 (AFP): Oil was lower in Asian trade today on further worries over the pace of the global economic recovery, analysts said. Prices will be under further pressure if the release of a key US energy reserves report...
SINGAPORE, Aug 12 (Bloomberg): Aluminum stockpiles in Japan declined by 16 per cent in July from a month earlier to the lowest level in at least 15 years as traders reduced imports following a slump in domestic demand. Inventories in...
MUMBAI, Aug 12 (AFP): Global sugar prices are likely to stay high in the coming year, analysts say, as India, the world's largest consumer of the commodity, reels from poor monsoon rains that will force it to rely on imports....
FE ReportEmirates was judged the best airline in Bangladesh for the second consecutive year at the Monitor-Galileo Airline of the Year Awards. Emirates also received "Best Inflight Entertainment" and "Best Long Haul airline" awards the same evening.Emirates' Manager (Bangladesh) Hanif...
FHM Humayan KabirThe government would ask the non-government and private schools and colleges in the capital city to install solar panel in an effort to ease pressure on grid power, officials said Tuesday.A top education ministry official said the ministry...
ICB Asset Management Company Limited (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), announced Net Asset Value (NAV) of two unit funds of ICB recently, said a press release.The total NAV of ICB AMCL Unit Fund stood at...
Social Islami Bank Limited (SIBL) has opened its 34th branch at Gopaldi in Narayonganj.Lawmaker Nazrul Islam (Babu) of Narayangonj-2 formally inaugurated the branch as the chief guest Tuesday, said a press release. Chairman of the Executive Committee of the bank...
The Dhaka Chamber of Commerce and Industry (DCCI) has hailed the national budget, 2009-10.“DCCI welcomes the maximum allocation of budget funds for food and disaster management sectors but then the government should have accorded top priority to agriculture, education and...
FE Report The call money was stable Wednesday while the US dollar remained also unchanged against the local currency in the inter-bank market, treasury officials said. The call rate ranged between 0.10 per cent and 3.0 per cent on the...
FE Report Japan External Trade Organisation (JETRO) will help local food and beverage manufacturing companies from Bangladesh to participate in the next FOODEX Japan-2010, the largest food and beverage exhibition in Asia, to be held on March 2-5, 2010 at...
FE ReportCivil Aviation and Tourism minister G M Quader Tuesday urged banks to offer every benefit to expatiates in order to encourage them in using formal means of remittance transfer. "Our expatriates go to the hundi traders for sending their...
Investment Promotion and Financing Facility (IPFF) Cell of Bangladesh Bank has renewed its Technical Service Agreement (TSA) with Infrastructure Investment Facilitation Center (IIFC) for implementing the Investment Promotion Financing Facility (IPFF) project. IIFC was engaged as the technical advisor for...
The 13th Annual General Meeting (AGM) of Meghna Life Insurance Company Limited has approved 35 per cent dividend (30 per cent bonus and 5 per cent cash).The AGM was held in the city Wednesday, said a press release.Chairman of the...
ICB AMCL SECOND MUTUAL FUNDNature of the fundClose-end Mutual Fund of 10 (Ten) years tenureSubscription OpenAugust 09, 2009Subscription CloseAugust 16, 2009For Non resident BangladeshiAugust 09, 2009 to August 25, 2009.Offer PriceTk. 100 per unitFace ValueTk. 100 per unitMarket lot50 UnitsSponsors...
CISHAN, Taiwan, Aug 12 (Reuters): About 700 people from the remote mountains of southern Taiwan have been found alive overnight after it was feared they may have been buried by mudslides, but many are still missing, an official said.Typhoon Morakot,...
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