FE ReportIndian Visa Application Centre (IVAC) has opened an exclusive visa counter at State Bank of India's (SBI) Dilkusha branch in the city for receiving visa applications from Bangladeshi nationals willing to travel to India by Moitree Express.IVAC continues to...
OF late, threats of withdrawal or suspension of aid from multilateral as well as bilateral donors for alleged irregularities, financial or otherwise, in project implementation or slow utilisation of their aid money have become rather frequent. The other day the...
Shahiduzzaman KhanPRIME Minister Sheikh Hasina announced recently that the country's rivers would be restored to their original feature through dredging. She said the government has already started negotiations with the World Bank, the Netherlands and other donor agencies for assistance....
Amirul IslamTHE electorate in Bangladesh, in general, was swayed by Awami League's pledge that it would bring down the prices. The landslide victory of AL was prompted in large measure by this loud promise. Some 20 million people are reported...
Ageing machinery and lack of replacement and repairs are responsible for a substantial amount of production loss in the country's power sector. Progressive restoration of full production capacity of the plants is a priority need for Bangladesh in view of...
THE news about the proposed four-lane Dhaka-Chittagong Expressway that was published in some national dailies was welcome. This is more particularly so, because it is expected to be constructed, as the reports said, by a Malaysian company. We would like...
AS Islam discourages begging, 'Zakat' and 'Fitra' should be given in a manner that they do not create beggars. The money could be collected to organise projects for employment and train the needy in vocational and other skills so that...
KARACHI, Aug 29 : The government would issue Term Finance Certificates of Rs90 billion to pay off the circular debt, according to a decision taken at a high-level meeting between banks and government officials Friday, according to DawnCom.Official sources said...
A Chinese company, M/s Bangladesh Textile and Fibre Industry Limited, will set up a fibre and non-woven fabric manufacturing industry in Comilla Export Processing Zone (EPZ).In this connection, an agreement was signed between the Bangladesh Export Processing Zones Authority (BEPZA)...
AMMAN, Aug 29: (Internet): Arab stock markets rallied this week, buoyed by figures supporting recovery prophecies of the US and other major economies, improving performance of global bourses and rising oil prices, financial analysts said Friday.However, analysts pointed out that...
FE ReportAmbassador of Colombia in Bangladesh Juan Alfredo Pinto Saavedra has stressed the need for establishing bilateral trade relation between Bangladesh and Colombia.The envoy made the observation when he called on President of Dhaka Chamber of Commerce and Industry (DCCI)...
NEW YORK, Aug. 29 (Bloomberg): US stocks fell as investors sold companies whose profits are least tied to the economy after Dell Inc. and Intel Corp. bolstered confidence that the outlook for technology spending is improving. The dollar and oil...
LONDON, Aug. 29 (Bloomberg): Gold futures rose to a three-week high on signs of increasing investor demand. Silver had the biggest gain in almost four months.Gold assets in exchange-traded funds monitored by UBS AG are "98 per cent of the...
LONDON, Aug. 29 (Bloomberg): European stocks advanced for a second consecutive week as earnings reports and economic data added to signs the global recession is nearing an end.L'Oreal SA had its biggest weekly gain since September 2001 after reporting a...
NEW DELHI: Aug. 29 (Bloomberg): India's future is threatened by shortages of food, water and energy and these should be addressed on a priority basis, the Prime Minister's security adviser said."These are part of a broad national security plan, and...
KARACHI, Aug 29 : The Karachi stock market faced intense buying on the last trading day of the week Friday due to foreign investment in oil and bank sectors, according to Daily Times.Buying was also supported by local investment in...
LONDON, Aug 29 (AFP): The prices of raw materials were mixed this week in cautious trade despite increased signs of global economic recovery. The US economy, the world's biggest, appeared to hold on its path of recovery from deep recession...
YANGON, Aug. 29 (Xinhua): Myanmar enjoyed 4.89 million tons of rice surplus annually, the local Myanmar Post weekly reported yesterday. According to official statistics, the country generated about 30 million tons of rice out of 8.26 million hectares of paddy...
NEW YORK, Aug 29 (AFP): The dollar traded mainly higher yesterday as currency traders turned more cautious in the face of a struggling stock market and mixed economic news. At 2100 GMT, the euro fetched 1.4304 dollars compared with 1.4345...
JAKARTA, Aug. 29 (Xinhua): Indonesia's Ministry for State-Owned Enterprise (SOE) asked the Logistic Agency (BULOG) to increase its role in sugar distribution to improve market structure, the private news provider detikcom reported yesterday. According to the Minister for SOE Sofyan...
WASHINGTON, Aug 29 (AFP): US consumer spending rose in July, boosted by the government's popular "Cash-for-Clunkers" auto sales incentive programme, official figures showed yesterday. The Commerce Department said consumer spending-which drives two- thirds of US economic activity-rose for the third...
WASHINGTON, Aug 29 (AFP): China has informed the United States it will scrap from Tuesday higher tariffs on imported auto parts following a World Trade Organization ruling, a top US trade official said yesterday. "We are pleased that China has...
WASHINGTON, Aug 29 (AFP): The US government has developed possible alternative plans for a missile defence shield that could drop proposed missile bases in Poland and the Czech Republic, The New York Times reported Saturday.Citing unnamed administration officials, the newspaper...
BAGHDAD, Aug 29 (AP): Two truck bombs struck separate communities north of Iraq's capital Saturday, killing at least 16 people in the latest attacks that indicate insurgents are targeting relatively unprotected areas as security forces focus on defending the cities.The...
NEW DELHI, Aug 29 (AFP): Indian Prime Minister Manmohan Singh dismissed Saturday doubts raised recently about the success of the country's nuclear tests in 1998.Indian nuclear scientist S Santhanam, who was a director for 1998 nuclear test site preparations, has...
WASHINGTON, Aug 29 (AP): A projected landslide victory this weekend for Japan's opposition party could introduce new uncertainty into a relationship the United States has long relied on to anchor its security interests in Asia.The Obama administration will be watching...
CAPE CANAVERAL, Aug 29 (AFP): The space shuttle Discovery blasted off from the Kennedy Space Centre on a 13-day mission to help equip the International Space Station.Discovery roared into the dark nighttime Florida sky at 11:59 pm Friday (0359 GMT...
New Myanmar clashes leave one deadBEIJING, Aug 29 : Fresh fighting erupted early Saturday in northeastern Myanmar after days of clashes between government troops and ethnic rebels drove tens of thousands of people into China, and a bomb tossed across...
Maswood Alam KhanOn my way to or from Dhaka New Market in Nilkhet, whenever I pass by the Dhaka University campus I can't help but have a glance on the banyan tree in front of the main building of the...
Mohammad Ataul Hoque LENDING rate is the interest rate at which financial institutes lend money. It constitutes the base from which banks then lend money to the final customers. Prime rate or Prime Lending Rate is a term applied in...
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