Distinguished businessman and industrialist Md Nasiruddin has been unanimously elected chairman of Social Investment Bank Limited (SIBL).Munshi Alkhtaruzzaman and Sayedur Rahman have been elected vice chairmen, Humayun Kabir Khan executive committee chairman and Abdul Awal Patwary audit committee chairman of...
April 12-April 16, 2009Commercial Bank of CeylonUnited States (US) dollar maintained its stable tone against Bangladeshi taka in the last week. The foreign exchange market enjoyed sufficient liquidity because of lower import payment caused by decline in fuel and commodity...
FE Report Bank Asia Limited installed a new ATM and a cash deposit machine at the city's North South Road recently to help customers withdraw and deposit cash independently anytime, said a press release. Bank Asia President and Managing Director...
PHYSICAL communication infrastructures as existing in the country until now are inadequate and cannot meet the growing needs of the country. The railway, for example, is in a dilapidated condition. If truth be told, the major part of the railway...
Syed Fattahul AlimAt a World Bank (WB)-organised workshop the other day, the country's present state of the economy was portrayed in a rather positive light, despite the ongoing recession across the globe. Saying that the economy of Bangladesh is now...
Fazle Rashid in New YorkBRITAIN, one of the financial giants of Europe and a member of the prestigious Group of Seven (G7), and whose economy remains submerged under the debris of the devastating global economic meltdown , may well be...
Firoz AhmedThe current global economic downturn can turn into a blessing for us if we can stimulate 'domestic demand' by fully utilising our strong labour force. By creating jobs for the less demanding pool of workforce, we can manufacture inexpensive...
A friend of mine told me this story. He was having some snacks from a roadside stall when the owner, a young man told him that extortionists (chandabaaj) were giving him a hard time that they had verbally abused him...
THE other day an auto-rickshaw driver told me going by the meter he would earn Tk 100 or 120 a day. That, I thought was ridiculous. He explained further that a driver rents an autorickshaw for 12 hours from five...
MORE fashion institutes are needed to bolster the country's export oriented ready-made-garments (RMG) sector. More leather technology institutes are also needed. The existing institutes in the two areas cannot produce enough manpower for the RMG and the leather industries of...
Salahuddin AhmedGlobal recession has left a significant impact on the world economy and still we do not know what else we will see regarding this massive predicament. We all are talking about the economic loss that countries are facing and...
Md. Joynal Abdin ONCE upon a time economists thought government policies has no impact on business. But after the Great Depression of the 1930s, Keynes, the great economist, showed government policies could effect business. For example, if a government imposes...
I am studying in a reputed government school in Rajshahi. There are 61 students in my class. I am describing a day in my class. My class starts at 2 pm.Our math teacher enters the class around 10 minutes late....
THE new government was widely welcomed by countrymen. The people expected needed relief. But now the disappointment, specially for businesses, is that once again the underworld is getting active. The extortionists appear to have staged a full comeback to torment...
Ever since the advent of cable television, many in this country have been watching Hindi TV serials. What struck me a few days ago were the innumerable scenes of Hindu religious rituals in those serials. Most of them show (pujas)...
The prime minister Sheikh Hasina had earlier ordered the Bangladesh Chhatra League (BCL) members to refrain from committing violence on campus. They defied her and engaged themselves in violence. So the prime minister cannot be blamed for the unruly campus...
WALKING on the footpath near Gulistan I recently saw many vendors selling pornographic CDs. They push sell the CDs to the passers-by. The aggressive vendor asks, "Lagbe, Direct Lagbe". I was ashamed and quickly left the place.Not only at Gulistan,...
A recent FE report described how 50,000 people in rural Natore were using solar power. No one knows many of the rural areas would get power from the erratic national grid. It would require mobilisation of vast resources for setting...
VARANASI, India, April 16 (Reuters): With Maoist insurgents stepping up attacks, Indians began voting in a month-long general election Thursday with signs an unstable coalition may emerge in the middle of an economic slowdown.The ruling Congress party-led coalition appears to...
MOSCOW, April 16 (AP): A top Russian defence official says Russia has not delivered any S-300 air-defence missile systems to Iran, the Interfax news agency reported Wednesday.Supplying Russian S-300s to Iran would change the military balance in the Middle East...
SEOUL, April 16 (AFP): UN nuclear inspectors left North Korea Thursday after the hardline communist state ordered them out and announced plans to restart production of weapons-grade plutonium.A three-man team from the International Atomic Energy Agency (IAEA) arrived in Beijing...
'New NATO chief is Islam's 'major enemy'KABUL, April 16: Afghanistan's Taliban insurgents say the incoming NATO chief is the "major enemy" of Muslims for defending the publication of cartoons depicting the Prophet Mohammad when prime minister of Denmark. Anders Fogh...
CHARSADDA, Pakistan, April 16 (AFP): A suicide bomber blew up a vehicle packed with explosives at a police checkpoint in northwest Pakistan, killing 18 police and civilians, officials said Thursday.Pakistan security troops are frequent targets for extremist militants who oppose...
NEW DELHI, April 16 (AFP): India's top court conditionally released Thursday Varun Gandhi, one of the heirs to the Nehru-Gandhi political dynasty, who had been jailed for inciting religious hatred during election campaigning.The Supreme Court ordered his release just hours...
WASHINGTON, April 16 (AFP): After a first failed attempt, the International Monetary Fund appears to have found a way of providing a badly-needed cash lifeline to countries hit by the global economic crisis. Its newly created Flexible Credit Line (FCL)...
Bata Shoe Company (Bangladesh) Ltd under its corporate social responsibility (CSR) programme donated 40 pairs of Bata school shoes for poor students of the Geramara Govt Primary School in Sherpur district recently at a simple ceremony at its head office...
Annual growth in China's gross domestic product (GDP) slowed in the first quarter of 2009 to 6.1pc, the National Bureau of Statistics has announced, reports BBC.This is the weakest growth since quarterly records began in 1992, but some analysts see...
UNITED NATIONS, April 16 (Xinhua): In about six weeks, the UN General Assembly (GA) will kick off a summit meeting, which the president of the 192-member body has called "the most important in the history of the United Nations." Perhaps...
SINGAPORE, Apr 16 (AFP): Oil prices rose in Asian trade today, buoyed by Wall Street's overnight rally, analysts said. New York's main futures contract, light sweet crude for delivery in May, gained 97 cents to 50.22 dollars a barrel. Brent...
Grameephone Ltd (GP) sponsored the 'Pohela Boishakh' celebration programme organised by the Chhayanaut at Ramna Batmul in the city, says a press release. Chhayanaut, one of the leading cultural organisations of the country is organising this program since 1967 and...
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