FE ReportThe World Bank, warning of Bangladesh's vulnerability to the second-round effects of the global crisis, has said a downward spiral of exports and remittances could lead the economy to a lower growth path."As the global crisis worsens, Bangladesh becomes...
FE ReportDhaka stocks continued to rally for the fifth straight session led by banks Sunday. However most of the share prices of the companies dropped. Indices at the Dhaka Stock Exchange (DSE) started with an upbeat mood but witnessed a...
Siddique Islam The central bank of Bangladesh has asked the commercial banks to fix the interest ceiling on lending in five specific areas at 13 per cent to help mitigate the impact of the ongoing global economic meltdown. Bankers said...
Kayes M SohelA mutual fund worth Tk 1.0 billion, sponsored by Prime Bank Ltd, is expected to be floated soon to help broaden the depth of the market.The Prime Bank is the latest among the private commercial banks (PCBs) planning...
Petrobangla chairman Jalal Ahmed has been replaced, and his service has been placed under the Establishment Ministry for next posting. Petrobangla director (PSC) Major (retd) Muktadir Ali has been made acting chairman of the state-run petroleum corporation. Jalal is a...
Degree pass, subsidiary and certificate course examinations - 2008 under National University (NU) will begin across the country on May 12. Detailed schedule of the examination is available at colleges and at the NU website - www.nu.edu.bd. — FE Report
Bangladesh University of Engineering and Technology (BUET), now ranks 3,801st. Webometrics Ranking of World Universities, an initiative of the Cybermetrics Lab, a research group belonging to the Spain-based Consejo Superior de Investigaciones Científicas (CSIC), put BUET at the 3,801st position...
Two people were killed and at least five injured when a truck veered of the Beribadh Road at Nababerbagh roundabout on Sunday afternoon. Shah Ali police station's officer-in-charge Zakir Hossain Molla said the accident took place when a timber-laden truck...
A parliamentary committee Sunday questioned Communications Minister Syed Abul Hossain's move to buy a luxury car costing over Tk 10 million for his official use, reports bdnews24.com. The parliamentary standing committee on communications at a meeting also summoned former communication...
Three people, including a woman, were murdered in the city's Sabujbagh and Gulshan areas on Saturday night, reports UNB.The victims were identified as Shah Ali, (45), son of late Siraj Ali of 145 South Mugda, Rokeya Begum, (45), wife of...
FE ReportThe Tk 34.24 billion stimulus package would bring positive result in the long-run, said Bangladesh Institute of Development Studies (BIDS) director general Dr Mustafa Kamal Mujeri in his reaction to the government measures to face the ongoing global crisis."An...
The government took stock of the activities of Bangladesh Better Business Forum (BBBF) Sunday, aiming to strengthen the high-powered body for boosting the country's trade, industry and the economy, reports UNB.Finance Minister AMA Muhith chaired the meeting, attended by almost...
Construction work of the much-awaited Padma Bridge will begin soon, as preparation of detailed design of the bridge over the mighty river Padma is going on in full-swing, reports BSS.This was informed to the Parliamentary Standing Committee on the Ministry...
FE ReportA six-member parliamentary group from Indonesia comprising delegates from both the country's government coalition as well as the opposition is due to arrive in the city today (Monday). The delegation, representing the "Group of Bilateral Cooperation of the House...
Industries Minister Dilip Barua on Sunday said the government would reopen the Chittagong Chemical Complex (CCC) on April 24, as part of its plan to reopen all mills and factories closed down by the previous governments, reports UNB.He mentioned that...
CISON DI VALMARINO,Apr 19 (Reuters):- Poor progress in tackling poverty and problems in balancing supply and demand mean fears about how to feed the developing world will persist, a draft G8 farm ministers' paper said on Sunday. The world is...
Maswood Alam KhanIt is lamentable that many commentators and critics imprudently make funny caricatures of a commitment some candidates of the party-in-power had spoken about in their election campaigns that they would ensure creation of at least one job in...
Imran Ahmed, FCA, CISAIN recent past a story about hacking of Rab Website by four IT students of a private technology institute in the city's Mirpur created fresh concern among the general citizens. The story further says that recently those...
BOAO, (Hainan), April 19 (Xinhua): The global financial crisis may provide new opportunities for the Doha Round trade talks, but the time- consuming negotiation and recent trend of protectionism have added to the uncertainties. In a panel discussion "Doha Round:...
GUWAHATI, (India), April 19, (AFP): India's prime minister, campaigning during the ongoing general election, today blamed developed countries for the global recession that has damaged his efforts to tackle dire poverty. Manmohan Singh, touring India's poor northeast, said the international...
LONDON, April 19 (AFP): Britain will unveil a recession- fighting budget this week, seen as vital for Prime Minister Gordon Brown as he struggles to boost his flagging fortunes ahead of a likely election next year. Finance minister Alistair Darling...
BERLIN, April 19 (AFP): German Chancellor Angela Merkel will hold a crunch meeting Tuesday to thrash out a plan to remove "toxic" assets from banks-an issue that has become a political hot potato with an election looming. Politicians are torn...
SINGAPORE, April 19 (AFP): Casey Chan used to fly business class every other month to oversee his company's electronics factory in China until late last year, when orders from Western buyers suddenly started drying up. His employer, a Singapore-based multinational...
WASHINGTON, April 19 (AFP): US President Barack Obama, faced with mushrooming budget deficits, announced he will convene his first full cabinet meeting Monday and ask his secretaries for specific plans to cut spending. He also added to his administration two...
SHANGHAI, Apr 19 (Reuters): Daimler expects China's economic stimulus measures to give sales of luxury cars a major boost this year, making the country an increasingly crucial market for it as demand slumps elsewhere, a top executive said."The stimulus package...
Sponsor shareholder directors of Asia Insurance Ltd Yussuf Abdullah Harun and Mohammad Jamal Ullah were re-elected chairman and vice chairman of the board of directors respectively at its 62nd meeting recently, says a press release.Harun served as president of the...
Our Correspondent SIRAJGANJ, Apr 19: Distressed women, divorcees and young girls of the district are becoming self-reliant and making financial contributions to their families sewing handloom garments and marketing them. The women affairs department, social service department, youth development department...
TOKYO, Apr 19 (AFP): Japan's electronics giant Toshiba Corporation plans to raise around five billion dollars (500 billion yen) in a bid to reverse its worsening financial situation, news reports said Saturday.Toshiba is considering procuring 300 billion yen in capital...
Bangladeshi business team in Libya received orders of readymade garments, leather goods and medicine worth $ 5.5 million. The team also signed contract with Libyan authority for exporting 15,500 skilled and semi-skilled manpower within next three months.A ten-member high profile...
Pubali Bank Limited hosted a party at Agrabad Hotel in Chittagong recently in celebration of its 50 years of operation. The Bank started its journey by Bangali entrepreneurs in 1959 from the port city. Chairman of the bank Hafiz Ahmed...
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