FE Report The central bank of Bangladesh asked Sunday four state-owned commercial banks (SCBs) to take effective measures for reducing non-performing loans (NPL), particularly those of top 20 loan defaulters, to improve their financial health. The Bangladesh Bank (BB) also...
Prime Minister Sheikh Hasina Sunday directed Bangladesh missions abroad to take effective measures for enhancing exports and attracting foreign investment, reports BSS. The Prime Minister gave the directive while presiding over the 24th meeting of the Board of Investment (BoI),...
degradation causes losses of 5 to 6 per cent of the GDP every year."Virtually the GDP growth has practically halted, as the real growth is offset by the loss incurred due to pollution," he explained.Mr Saber admitted that there were...
FE ReportA high profile international workshop will begin today (Monday) at the Sonargaon Hotel in the city where participants will brainstorm on the global financial crisis.The workshop has been organised by the macroeconomic policy and development division of the Economic...
The government has decided to send an 11-member parliamentary team for a spot visit to India's Tipaimukh Dam site on July 29, apparently keeping uncertain the main opposition BNP's participation in the tour, reports UNB.An official announcement Sunday said the...
FE ReportShares at the Dhaka Stock Exchange (DSE) slid on the first trading session of the week Sunday, as most of the banks fared badly amid profit taking.The companies with low paid-up capital and general insurance firms, however, shined on...
Hundreds of laid-off workers of Biman Bangladesh Airlines, who have been pressing the national carrier to reinstate them, suspended their ongoing protest programme for 10 days following talks with Biman authorities Sunday. The Biman board, meanwhile, says it has formed...
The government has decided to preserve the suburban Sonargaon ancestral home of legendary Indian politician and West Bengal's former Chief Minister Jyoti Basu as an archaeological site, officials said. — BSS
Jasim Uddin Haroon A local company Sunday said it is setting up a refinery by investing US$ 110 million in Chittagong, which will use locally available raw material Naptha to produce high octane.After implementation of the project by 2011, it...
FE Report Bangladesh has lifted the ban imposed on imports of coal from Meghalaya, India. The ban was imposed on June 30, 2009, citing high sulphur content in coal mined from Meghalaya, India which causes pollution but, users prefer it...
FE ReportOutgoing German Ambassador Frank Meyke Sunday emphasised diversification of products for increasing Bangladesh's export to Germany, and raising German investment here."This will not only have positive impact on export earning, job generation and technology transfer for Bangladesh, but also...
FE ReportThe government has started crafting a policy to regulate allocation of frequencies on Bangladesh's air routes in a move to ease airlines' operations, officials said Sunday. But critics say the frequency distribution policy is "meaningless" in the Bangladesh context,...
FE ReportA national network of grass-root charities Sunday urged the rich nations to cancel Bangladesh's all outstanding external debts to help the country weather the fallout of global economic meltdown. Sushasoner Jonny Procharavizan (SUPRO) or Campaign for Good Governance made...
FE ReportAuto-rickshaw drivers Sunday demanded an end to tyranny of owners and police harassment and also implementation of the government-fixed daily rent to be paid to the owners. The demands were made at a human-chain programme organised by Dhaka District...
Bangladesh Gas Fields Company Ltd (BGFCL) has sought Tk 2.45 billion to stop gas seepage from Titas gas field in Brahmanbaria, reports BSS.The issue will be discussed at a Pre-ECNEC meeting to be held on August 5. Matters relating to...
KARACHI, July 26: Bull reigned the Karachi stock market during the week on support from buying activities as Securities and Exchange Commission of Pakistan (SECP) approved the re-launching of deliverable futures contract in 18 scrips.The Karachi Stock Exchange (KSE) 100-share...
NEW YORK, July 26 (Bloomberg): US stocks rose, completing the steepest two-week rally for the Dow Jones Industrial Average since 2000, as companies beat profit estimates and an increase in home resales signaled an economic recovery may be underway.Caterpillar Inc....
MUMBAI, July 26 (Bloomberg): India's stocks rose, driving the benchmark to its highest in more than a month. Tata Motors Ltd. paced gains among automakers after Maruti Suzuki India Ltd. reported earnings that beat analysts' forecasts.Tata Motors advanced the most...
LONDON, July 26 (Bloomberg): European stocks gained for a second week after companies from Roche Holding AG to Vodafone Group Plc reported better-than-estimated results, suggesting the economic slump is easing.Roche, the world's biggest maker of cancer medicines, and Vodafone, the...
SINGAPORE, July 26 (Bloomberg): Gold, little changed in Asian trade, may decline on speculation that a recent rise to the highest in almost six weeks was overdone.Bullion climbed as much as 0.7 per cent to $957.55 an ounce, the highest...
LONDON, July 26 (Bloomberg): Copper prices fell from a nine-month high as US consumer confidence dropped for the first time in five months, signaling a rebound in commodity demand may falter.The Reuters/University of Michigan final index of consumer sentiment decreased...
NEW YORK, July 26 (Bloomberg): Corn fell, capping a seventh straight weekly decline, and soybeans dropped on expectations that cool weather and rain will boost yields in the US, tempering the effects of planting delays.The Midwest will be mostly cool...
The results of the Higher Secondary Certificate (HSC) examinations for all educational boards, announced on Saturday, show a continuation of the trend of overall pass rate set above 70 per cent that has been noted in the recent years. Though...
Shamsul Huq Zahid The government has recently decided to offer 15-year tax holiday facility to those new power plants, which would be able to start commercial production by June 2012. The facility that has come in contrast to the government's...
Kazi Mohoshin Al AbbasInformation communication technology (ICT), the backbone of any digital initiative, covers the vast areas of information technology (IT) and telecommunication technology to ensure connectivity. Materialisation of Prime Minister Sheikh Hasina's dream of a digital Bangladesh would require...
I am a proud student of the best educational institution in Bangladesh, Dhaka University. But I cannot accept the present appearance of the campus. All around the campus, thousands of drug-addicted and homeless people are seen. It seems that these...
RECENTLY India has decided to stop exporting rice and wheat to Bangladesh. It is an alarm for Bangladesh that after the Tipaimukh Dam and the Indian High Commissioner's abrasive observations, this ban can be another threat to Bangladesh.But Bangladesh should...
SHOHEL Taj, who opened his mouth after a long gap, said that though he had resigned as the state minister for home on May 31, he did not disclose it on request from Prime Minister Sheikh Hasina.He also said that...
M S SiddiquiEVERYBODY needs money both for living and luxury. People may earn money in honest ways or through illegal and criminal means. Money laundering is an illegal means of making money. It is the disguising, transferring, retaining, remitting or...
Maswood Alam KhanWe who live in towns and cities and occasionally make some jaunts to villages for a picnic or for a sojourn in our grandparents' homes, but never did spend our childhood in villages, are starkly unaware how a...
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