FE Report Finance minister AMA Muhith said Wednesday the government would keep the fiscal deficit at 5.0 per cent of GDP (Gross Domestic Product), despite a sluggish revenue growth. But the minister said he would go ahead with an "adventurous"...
Bangladesh Bank has decided to introduce double-shift in its Credit Information Bureau (CIB) aiming at faster delivery of credit reports to entrepreneurs."We've decided to start double shifts in the CIB. We will hire university students as interns to clear the...
FE ReportThe government has reduced procedures, time and cost to start a business, simplifying registration formalities by 12 per cent, according to Doing Business 2009,' released in a workshop Wednesday.The study said the procedures, time and cost were reduced by...
FE ReportThe government will seek financial support from donors to overcome shocks of the global economic meltdown at a meeting of the forum of development partners today (Thursday) in Dhaka, officials said Wednesday.A senior finance ministry official said two top...
FE ReportDhaka stocks drifted slightly lower Wednesday after gaining in two straight sessions.The benchmark index of Dhaka Stock Exchange (DSE)--DSE General Index (DGEN)--shed 8.34 points or 0.33 per cent to close at 2519.82, after posting the early gain of 15...
A Dhaka court Wednesday withdrew summons on appeal by plaintiffs on former Jamaat-e-Islami chief Golam Azam, incumbent chief Matiur Rahman Nizami, secretary general Ali Ahsan Mohammed Mojaheed, BNP leader Salahuddin Quader Chowdhury and 32 others to appear before court on...
FE ReportBangladesh signed Wednesday a memorandum of understanding (MoU) with Russia aiming to boost bilateral cooperation for setting up its first nuclear power plant.The MoU, signed between the Bangladesh Atomic Energy Commission (BAEC) and the Russian State Atomic Energy Corporation...
Qulkhwani of eminent nuclear scientist and Prime Minister Sheikh Hasina's husband Dr MA Wazed Miah will be held at the PM's official residence Jamuna in the city after Asr prayers today (Thursday). Guests have been requested not to carry handbag,...
Foreign Minister (FM) Dipu Moni leaves today (Thursday) for Myanmar to ask her counterpart not to mobilise troops along the border to implement a recent decision to fence the frontier, a top foreign ministry official said Wednesday. Myanmar on March...
Jasim Uddin Haroon Local rod manufacturers have heaved a sigh of relief following issuance of a Statutory Regulatory Order (SRO) slapping 15 per cent VAT on rod import.The National Board of Revenue (NBR) issued the SRO on May 12 with...
FE ReportThe country's telecom regulator proposed reducing VAT (value added tax) and tax on ICT (information and communication technology), so that people of the country could easily get its facilities.Bangladesh Telecommunication Regulatory Commission (BTRC) suggested cutting tax on SIM (subscribers'...
Mashiur RahamanA top Bangladesh delegation heads to the war-torn Iraq by next week to tap into new manpower market as jobs dry up in the traditional employing nations, officials said Tuesday.The team comprising government officials and private sector representatives would...
FE ReportNobel laureate and founder of Grameen Bank Prof Mohammad Yunus called for keeping the interest rate on microcredit at a standard level and said it is possible through agreements with its providers."We must think whether the interest rate can...
From Fazle RashidNEW YORK, May 13: The US department of agriculture said that the stock of corn, wheat and soyabeans is smaller than expected in its latest market update, prompting fear that world will face higher prices for farm products....
NEW DELHI (Agencies): The ruling Congress-led coalition was slightly ahead of the opposition Hindu-nationalist alliance in India's general election, but both groups fell short of a parliamentary majority, early projections said Wednesday.Two exit polls showed both alliances would need new...
FE ReportPolice are yet to arrest the killers of businessman Mobarak Ali, who was gunned down by assailants in the city's Badda area Tuesday morning.However, police managed to collect the names of the culprits involved in the killing. It is...
CopperBid/Ask 2.0924 -2.0970 Change +0.0249 +1.21% Low/High 2.0493 -2.1060 NickelBid/Ask 5.9375 -5.9829 Change +0.1134 +1.95% Low/High 5.7878 -6.0010 AluminumBid/Ask 0.6823 -0.6868 Change +0.0023 +0.33% Low/High 0.6768 -0.6868 ZincBid/Ask 0.6987 -0.7032 Change +0.0136 +1.99%...
Commodity Prices Month Last Exchange WTI Light Crude Jun '09 59.4000 Brent Crude Jun '09 58.2800 RBOB Gasoline Jun '09 1.6802y Heating Oil Jun '09 1.5009y Nat Gas (NBP) Jun '09 28.7000 Soybeans ...
KARACHI, May 12 (Bloomberg): Pakistan's benchmark stock index, the world's worst performer over the past month, may rebound as the country intensifies its attacks against Taliban militants, Credit Suisse Group said.The Karachi Stock Exchange 100 Index, or KSE 100, as...
The 24th annual general meeting (AGM) of the United Insurance Company Limited was held at the Bangladesh-China Friendship Conference Centre in the city recently, said a press release.The company earned pre-tax profit of Tk. 373.18 million in 2008. The total...
MUMBAI, May 12 (IANS): Indian markets soared late Tuesday, with a key index rising over 490 points from its last closing figure to breach the 12,000-point mark at close of trade. Banking and IT stocks led the rally.The 30-scrip sensitive...
NEW YORK, May 12 (Reuters): Stock index futures pointed to a higher open on Wall Street Tuesday after the previous session's bout of profit taking.At 4:52 a.m. EDT, futures for the S&P 500 were up 0.4 per cent, Dow Jones...
PRICE HANGE %CHANGE EnergyBRENT CRUDE FUTR 58.230 0.750 1.30 GAS OIL FUT (ICE) 489.250 7.750 1.61 GASOLINE RBOB FUT 168.730 0.710 0.42 HEATING OIL FUTR 151.800 1.710 ...
GENEVA, May 12 (Reuters): The new H1N1 flu virus could still mutate into a more virulent form and spark an influenza pandemic that could be expected to circle the globe up to three times, the World Health Organisation (WHO) said...
TOKYO, May 12 (AFP): Russian Prime Minister Vladimir Putin praised Tuesday what he called an "atmosphere of trust" with Japan on a visit expected to lead to key energy agreements despite a lingering territorial dispute.The former president was joined by...
MARDAN, Pakistan, May 12 (AP): Army helicopters dropped Pakistani commandos behind Taliban lines in the Swat Valley Tuesday as part of a widening offensive against the militants, while a US missile killed eight people in an attack on a suspected...
BAGHDAD, May 12 (AP): A suicide bomber rammed his car into an Iraqi police truck Tuesday, killing five policemen and three civilians in the northern oil city of Kirkuk, said police.The attack, which took place in a crowded downtown commercial...
COLOMBO, May 12 (AP): A mortar shell struck the only functioning medical facility in Sri Lanka's northern war zone Tuesday morning, killing 49 patients and bystanders and wounding more than 50 others, a government health official said. It was the...
'UN rights council election is farce'UNITED NATIONS, May 12: This week's UN Human Rights Council elections, in which several nations seen to have dubious human rights records are virtually assured victory, are a farce, says former Czech President Vaclav Havel....
FE ReportThe share price of LankaBangla Finance Limited moved in an unusual way on the Dhaka Stock Exchange (DSE) Tuesday amid a rumour that the company's brokerage wing-LankaBangla Securities- will float shares.When contacted, Mafizuddin Sarker, managing director of the company,...
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