The state-run phone equipment company Telephone Shilpa Sangstha Ltd is fishing for any of a multitude of manufacturing projects to survive stagnation, from ATM and credit cards to railway carriages and solar power systems, reports bdnews24.com.An official of the telecom...
Commerce Minister Lt Col (retd) Faruk Khan Sunday said the Trading Corporation of Bangladesh (TCB) would be strengthened further as an enterprise through public-private partnership efforts, reports UNB.The government, he said, will take necessary steps to import essential commodities at...
COLOMBO, Mar 8 (AP): Fierce fighting between Sri Lankan troops and ethnic Tamil separatists defending their last remaining enclave has left about 100 rebels dead in two days of fighting, the military said Sunday.The army has ousted the Tamil Tigers...
BNP Secretary General Khondoker Delwar Hossain Sunday said the brutal killing of army officers at the Headquarters of Bangladesh Rifles (BDR) is a conspiracy against the country, reports BSS.Delwar demanded fair investigation into the incident, and trial of and stringent...
West Indies 92 for 1 (Gayle 49*, Powell 0*) trail England 546 for 6 (Collingwood 161, Strauss 142, Prior 131*) by 454 runsPaul Collingwood converted his ninth Test century into an imposing 161 and Matt Prior celebrated the birth of...
If one can unlearn the information served by all the regular news bulletins of western media and do some independent investigation of the Darfur crisis, one may find the root of the problem outside Sudan and beyond the remit of...
BAGHDAD, Mar 8 (AP): The US military has announced that 12,000 American and 4,000 British troops will leave Iraq by September.Maj Gen David Perkins says that will reduce US combat power from 14 brigades to 12 brigades. He also said...
Third ODI, Christchurch: India 392-4 (50 overs) beat New Zealand 334 all out (45.1 overs) by 58 runsSachin Tendulkar hit his 43rd one-day international century to help India seal a 58-run victory over New Zealand, reports BBC.The 35-year-old fired five...
SYDNEY, Mar 8 (Reuters) : The attacks on the Sri Lankan cricket team in Pakistan have shown that athletes could be a target anywhere in the world, the International Cricket Council chief executive said Sunday.Haroon Lorgat also said the attack...
A.F.M. Mainul Ahsan | 2009-03-09 00:00:00
CRITICS claim that long-run growth of the private sector investment in Bangladesh was affected seriously during the early years of independence due to the policy of nationalization. Soon after coming to power, the then government nationalized the industrial and the...
MUMBAI, Mar 8 (AFP): Indian market trends this next week are likely to be determined by overseas markets and foreign fund flows, dealers said.For the week to March 6, the benchmark 30-share Sensex index fell 5.85 per cent or 517.39...
DETROIT, Michigan, Mar 8 (AFP): Dozens of automotive suppliers could lose their credit lines or end up in loan default because auditors voiced "substantial doubt" about General Motors' ability to stay afloat, industry observers warned.The impact would likely be felt...
Premier Bank recommends 24pc stock dividendThe board of directors of Premier Bank Limited has recommended 24 per cent stock dividend for the year that ended on December 31, '08 subject to the approval of Bangladesh Bank. The board has also...
GrameenPhone Ltd. inaugurated a skill development centre and GrameenPhone Community Information Centre (CIC) at Apongaon, a drug rehabilitation centre at Singair, Manikganj recently, said a press release.Member of Parliament SM Abdul Mannan was present at the inaugural ceremony as the...
NEW DELHI, Mar 08 (AFP): British metals giant Vedanta announced Saturday it would buy bankrupt US copper miner Asarco for 1.7 billion dollars-far below the sum it first bid when commodity prices were booming.Vedanta Resources Plc' purchase, through its Indian...
FE Report | 2009-03-09 00:00:00
Niaz Rahim, Managing Director of Rahimafrooz (Agora) Superstores Limited, and Zakir Hossain, Managing Director, Ocean Marketing Company Limited, have been reelected as the president and the general secretary (GS) of the Bangladesh Supermarket Owners' Association (BSOA).Masrur Chowdhury, Chairman and CEO...
President Zillur Rahman Sunday expressed the hope that the scout movement would act as a supplementary force in achieving the present government's declared 'Vision-2021' to build a happy and prosperous Bangladesh, reports UNB."Today's youth is the future leaders of the...
FE Report | 2009-03-09 00:00:00
The Dhaka Stock Exchange (DSE) will request the securities regulator not to allow any public limited company (PLC) to float shares having face value below Tk 10."This is an epoch-making decision to prevent manipulation of share prices having the face...
FE Report | 2009-03-09 00:00:00
The government borrowed Tk 2.5 billion (250 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 2.5 billion from the market in the week.The central bank conducted auctions of 364-day bills on the day. Bidders...
Two newly appointed justice of the Appellate Division, justice Shah Abu Nayeem Mominur Rahman and justice Md Abdul Aziz were sworn in Sunday, reports bdnews24.com.Chief Justice MM Ruhul Amin administered the oath at the Judges' Lounge of the Supreme Court.All...
BAGHDAD, Mar 8 (Reuters): A suicide bomb attack killed 28 people and wounded 57 Sunday as recruits gathered at a police academy in central Baghdad, police said.Many police and police recruits were killed in the attack at the back entrance...
FE Report | 2009-03-09 00:00:00
A three-day international tourism fair under the style of Dhaka Travel Mart (DTM) 2009 will begin at Dhaka Sheraton Hotel from March 12, said a press release.Minister for Civil Aviation and Tourism GM Quader will inaugurate the exhibition at 11.30...
FE Report | 2009-03-09 00:00:00
Preservation of potatoes in cold storages is being seriously hampered due to erratic and low-voltage power supply.Rampant power outage in different parts of the country has been affecting the quality of potatoes kept in cold storages as frequent power failures...
The construction sector, especially, the house building in the private sector has seen a phenomenal growth until 2006. However, during the last two years its growth stalled. The reasons for the plunge in the building sector can be attributed mostly...
Raihan M Chowdhury | 2009-03-09 00:00:00
IDLC Finance Ltd, country's largest Non-Banking Financial Institution (NBFI) has become a cent percent local company as Korea Development Financing Corporation (KDFC) and Kookmin Bank have sold their entire stakes to some local entities."We are now a full local company...
England's Kevin Pietersen will pull out of the Indian Premier League if his security fears are not dealt with, BBC reports.Security has become a major issue after gunmen attacked the Sri Lanka cricket team in Lahore, Pakistan, Tuesday.Pietersen plans to...
FE Report | 2009-03-09 00:00:00
The inter-bank call money rate was steady Sunday despite withdrawal of cash from the market through treasury bills and reverse repurchase agreement (repo). The US dollar also maintained stable nerve against Bangladesh taka (BDT) in the inter-bank foreign exchange market...
FE Report | 2009-03-09 00:00:00
A high-powered government body has decided in principle to devise a new policy on appointment of fertiliser dealers across the country after the current 'Boro' season."Since the Boro cropping season is on, we have to maintain a status-quo in the...
Shahjalal Islami Bank Limited (SJIBL) organised a discussion meeting on Present Global Economic Trends and Its Remedies in the city recently.Managing Director of the bank Muhammad Ali presided over the meeting, said a press release.In his presidential address, the managing...
FE Report | 2009-03-09 00:00:00
The government will widen its social safety-net programmes by raising both the allowance and number of beneficiaries including elderly and physically disabled people, widowed women and freedom fighters in its next budget, Social Welfare Minister Enamul Huq Mostafa Shaheed said...
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