Nazmul AhsanThe International Monetary Fund has decided not to wind up its office in Dhaka until 2011, responding to requests from the government, official sources said.Jonathan C. Dunn, IMF resident representative in Dhaka, conveyed the latest decision to the government...
Shamsul Huq Zahid The government is under pressure from some major importers of Bangladesh goods to lift the ban on the operation of the fully foreign owned shipping companies in Bangladesh. The National Board of Revenue (NBR) through a statutory...
FE ReportThe World Bank is going to increase aid to Bangladesh by 20 per cent to US$1.0 billion per annum for the next three years, said Finance Minister AMA Muhith Tuesday.The multilateral lending agency gave $800 million in the last...
FE Report Dhaka stocks finished marginally up in the faintly fluctuating market Tuesday after closing lower than the previous session.Mutual funds, general insurance, information technology and engineering were among the major gainers. Low market cap shares which gained substantially in...
Abdur Razzak MP who led a parliamentary delegation on its fact-finding trip to the controversial Tipaimukh dam site said in Dhaka Tuesday that the team was convinced of Indian Ministers' assurances that New Delhi won't do anything inimical to Bangladesh's...
The government has promoted 19 additional secretary-level officials to secretary in a major administration shuffle that includes the information, power, food and local government ministries. The recommendations had already been made at a meeting of the Superior Selection Board (SSB),...
Five people were killed and 20 others injured in a road accident on Mymensingh-Kishoreganj Road at Saheb Kachari area under Gouripur in Mymensingh Monday night. The dead were identified as Billal Hossain, 30, Tahil, 31, Nazrul Islam, 29, Rustom Ali,...
FE ReportThe parliamentary standing committee on finance endorsed on Tuesday the Bangladesh Bank circular asking banks to submit reports on their investments in stock market."The central bank did the right thing by asking the banks to submit reports on their...
FE ReportA top epidemiologist Tuesday raised fresh alarm about the potential spread of swine flu, renamed Pandemic H1N1 2009, as Bangladesh experienced a record common influenza infection. "This year, we had an unusually high rate of 57 per cent infection...
FE ReportIncome gap and food deficit increased in Bangladesh in 2007 compared to 2006, according to a study of Bangladesh Institute of International and Strategic Studies (BIISS)."An unrestrained market is a fearful driver of human insecurity in Bangladesh as food...
A Dhaka court Tuesday overturned the verdict of a trial court that found three Dhaka University (DU) teachers guilty of inciting student unrest in August 2007 and sentenced them each to two years in prison in January last year, reports...
FE Report Bangladesh Bank (BB) Governor Dr Atiur Rahman Tuesday credited the local private commercial banks (PCBs) for providing the country's economy with a much needed safety cushion during the global downturn."One of the big reasons why Bangladesh is not...
FE Report The apparel manufacturers Tuesday urged the government not to allow formation of trade unions in factories right at the moment as it might destablise the garments sector once again. The country's leading apparel manufacturers were addressing a meeting...
FE ReportThe anti-poverty lender Asian Development Bank (ADB) is likely to provide $76 million assistance to Bangladesh to support the country's major labour intensive sector --small and medium enterprises (SMEs), officials said Tuesday.Finance ministry officials said the government would sit...
FE ReportThe country's textile mill owners Tuesday urged the government to withdraw its decision to raise the price of gas used in generating captive power as erratic electricity supply is seriously hampering the overall production. The state-owned Bangladesh Energy Regulatory...
'Ecstasy', a leading fashion house of the country, has launched its first lifestyle store at level-7 of Bashundhara City recently. Spread over an area of 12000 square feet, the shop houses Ecstasy's top-of-the-line brand 'Tanjim' for men and 'Zarzain' for...
Saabki Laadli BeboOn STAR Plus Tuesday at11-30 pm.Sabki Laadli Bebo is all about a cute, cheerful, innocent girl Bebo--- who is loved by her family immeasurably. This affluent, respectable, traditional Punjabi family of 3 brothers and their parents always yearned...
MUMBAI, Aug. 3 (Bloomberg): Indian stocks rose, driving the benchmark index to its highest in more than a year. Maruti Suzuki India Ltd. advanced after it said it sold more vehicles last month.Maruti Suzuki, the maker of half the cars...
LONDON, Aug. 3 (Bloomberg): European and Asian stocks rose as former Federal Reserve Chairman Alan Greenspan said the recession may be ending and manufacturing in China expanded.Xstrata Plc and Anglo American Plc advanced more than 3 per cent as copper...
JAKARTA, Aug. 3 (Bloomberg): Indonesia's benchmark stock index may gain the most since 1993 as a growing economy and easing inflation bolster companies' earnings, according to the manager of the nation's best-performing fund.The stock index may advance to 2,600 by...
KUALA LUMPUR, Aug. 3 (Bloomberg): Palm oil futures gained a third day, the longest winning streak in three months, tracking advances in crude oil and soybeans.Crude oil rose above $70 a barrel for the first time in a month, extending...
LONDON, Aug. 3 (Bloomberg): Copper in London, Shanghai and New York jumped to the highest in 10 months, leading an advance in industrial metals, as the US economy shrank less than expected and a Chinese manufacturing index climbed to a...
SINGAPORE, Aug 3 (AFP): Oil advanced further in Asian trade today, still cheered on by data showing the US economy contracted at a slower-than-expected pace in the second quarter, analysts said. New York's main contract, light sweet crude for September...
Sanofi-aventis generated net sales of 7,438 million pound, an increase of 11.2 per cent on a reported basis in the second quarter of 2009, said a press release. Exchange rate movements had a favourable effect of 4.7 points, with the...
Prime Islami Life Insurance Ltd held National Seminer-2009 on 'Islamic Insurance: Principal of Shariah' at Rajshahi recently. Prime Islami Life Managing Director Kazi Md Mortuza Ali presided over the seminar, said a press release.Former vice chancellor of International Islami University,...
LONDON, Aug 3 (AFP): A disastrous energy crunch is looming because most of the major oil fields in the world have passed their peak production, a leading economist warned today. Fatih Birol, chief economist with Paris-based International Energy Agency, said...
FRANKFURT, Aug 3 (AFP): German retailer Metro posted today a 3.8 per cent drop in second quarter sales owing to negative foreign exchange effects in eastern Europe, but managed to eke out a slight net profit. Metro's sales fell to...
FE ReportIncurable cancer diseases are a major health concern around the globe. Each year, thousands of people in Bangladesh and all over the world get diagnosed with various types of cancer, which is the major cause of premature death among...
RANGPUR, Aug 3 (BSS): Increased tea cultivation is bringing economic solvency to the people, especially empowering the distressed women in the district.Over the recent years, farmers at all levels side by side with big investors have been showing their utmost...
AB Bank arranged a day-long training programme on 'Anti-money Laundering and Combating Financing of Terrorism' recently.A total of 70 officers from different divisions of the bank's head office took part in the programme.AB Bank Deputy Managing Director (Credit) Faruq M...
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