FE ReportThe Investment Corporation of Bangladesh (ICB) managing director Md Ziaul Haque Khondker opted for voluntarily retirement Wednesday.His resignation paved the way for his appointment as the seventh chairman of the Securities and Exchange Commission (SEC) by the government for...
Small and medium manufacturing enterprises will now get bigger loans amounting up to Tk 0.5 million (5 lakh), up from Tk 50,000, at a single-digit interest rate of 9 per cent in next two years under a new lending scheme....
Residents in the Chittagong area were shaken by a mild quake late Tuesday night. The met office's seismic observation centre said the quake hit at 10.57pm, with its epicentre some 316 km southeast of Dhaka on the Bangladesh-Myanmar border. There...
The depression over the southeast and adjoining central Bay moved slightly northwards and intensified into a "deep depression", said a Met Office special bulletin Wednesday afternoon. It was centred at 3:00pm Wednesday about 1085 km southwest of Chittagong Port, 1009...
FE ReportBangladesh Garment Manufacturers and Exporters Association (BGMEA) Wednesday expressed its concern over foreign direct investment (FDI) in RMG sector, as the local industrialists might face stiff competition from the foreign investors."Foreign investors have expertise in marketing, production and networking...
FHM Humayan KabirForeign direct investment (FDI) in Bangladesh shot up by 78 per cent in the first seven months of the current financial year, which will boost the country's economy, experts said.During July to January period of fiscal 2008-09, the...
DU CorrespondentThe Higher Secondary Certificate (HSC), Alim and HSC Vocational examinations-2009 begin simultaneously today (Thursday) at 1,919 centres across the country.Dhaka Metropolitan Police (DMP) has imposed restriction on public movement except examinees within 200 yards of any centre in the...
FE ReportThe country's poultry farm owners, badly hit by the recent bird-flu virus, have sought the government initiative to make fresh credit available at lower rates of interest and reschedule bank loans for salvaging the Tk 150-billion industry.At a meeting...
From Fazle RashidNEW YORK, Apr 15: International Monetary Fund (IMF), not long ago doomed as " fading towards irrelevance" has bounced back to reckoning with Group of Twenty (G20) nations opting to call it as " lender of last resort...
Upazila porishod chairmen have threatened to declare local MPs "persona non grata", if authority is not restored to the local councils in line with a 2008 ordinance passed by the caretaker government, reports bdnews24.com. The chairmen have demanded cancellation of...
Pahela Baishakh, the first day of Bengali New Year 1416, was celebrated Tuesday with thousands of revellers rollicking on the city streets and elsewhere across the country amid foolproof security, reports UNB.The capital city wore a festive look as the...
THE International Labour Organisation (ILO) has cautioned that Bangladesh will be facing pressure in the domestic market due to the return of the migrant workers from abroad. The reason, as everyone knows, is ongoing recession, which has impacted the host...
Syed Fattahul AlimRecently the plight of the hundreds of thousands of milk producers has been reported in the media. The recession-driven fall in the prices of powdered milk is the cause of the present predicament of the farmers engaged in...
Saquib MustafaTHE demand from all sections of the people that the condition of Dhaka's traffic movement must improve has been a very long-standing one. But in response to this very extensively and keenly felt demand, actual accomplishments in this area...
Amirul Islam EDUCATION opportunities in Bangladesh, especially opportunities for higher education, technical education and specialised education, are rather limited. This again is causing a drain on the country's precious forex reserve as many thousands of Bangladeshi students go abroad every...
I wonder how long this will go on, how long will people of this country continue to suffer on account of fraudulent travel agents who also double as job providers in foreign lands? Hundreds continue to be tricked by these...
THE North Koreans recently launched what they called was a space travelling rocket while their detractors, understandably alarmed, said they had actually test fired a ballistic missile. The latter is probably true but the North Koreans, in the wake of...
Ferdous Ara BegumWITHIN the WTO framework, the member-countries have the right to take recourse to the Agreement on Technical Barriers to Trade (TBT) to ensure technical regulations, standards and conformity assessment procedures. It will not create unnecessary barriers to international...
Mahmud ur Rahman ChoudhuryIN an attempt to grapple with the global recession, major economies such as those of the USA, Europe, Japan and China are pumping billions of dollars/money into their economies. Banks and industries now have money to produce...
BEIJING, Apr 15 (Xinhua): Positive government reports and confident speeches by political heavyweights signaled improvement for the US economy, but analysts have warned of excessive optimism. President Barack Obama said Friday the recession-hit US economy was showing "glimmers of hope"...
FE Report Additional Secretary Tariq-ul-Islam Sunday joined as chairman of Bangladesh Sugar and Food Industries Corporation (BSFIC), said a press release. Prior to his new assignment, he worked in Cabinet Division of the Secretariat. Mr Tariq obtained MSS degree with...
SYDNEY, Apr 15 (AFP): Australia's economic activity contracted 0.3 per cent in February to its lowest level since 1982, according to an index released today by one of the country's largest banks. The monthly Westpac-Melbourne Institute leading index, which predicts...
TOKYO, (AFP): Japan and Peru have agreed to start talks on a free trade agreement between Asia's biggest economy and the resource-rich South American nation, Tokyo said. Japanese Prime Minister Taro Aso and Peruvian President Alan Garcia agreed in a...
BEIJING, Apr 15 (AFP): Foreign direct investment in China fell 9.5 per cent in March for the sixth straight monthly fall, but there were some signs the worst could be over, the government said today. Foreign firms invested 8.4 billion...
SINGAPOR, Apr 15 (AFP): Singapore's worst economic crisis since independence is even more severe than expected, with output now forecast to shrink by as much as 9.0 per cent in 2009, official data showed.The Ministry of Trade and Industry (MTI)...
SEOUL, Apr 15 (AFP): Two South Korean firms Tuesday announced a 2.7 billion dollar initial deal to build power plants capable of generating 960 megawatts of renewable energy by 2015.South-East Power, a unit of state-run Korea Electric Power Corp, said...
SINGAPORE, Apr 15 (AFP): Oil prices continued to fall in Asian trade today as slumping US retail sales fueled worries of a slowdown in global oil demand, analysts said. New York's main futures contract, light sweet crude for delivery in...
FE Report The newly built Lifebuoy Operation Theatre Complex financed by Unilever Bangladesh Limited (UBL) at the Maa Shishu O General Hospital in Chittagong was inaugurated recently. UBL Director (Brands and Development) Naushad Chowdhury inaugurated the operation theatre as the...
A Baishakhi Fair got underway at Agora, country's first and largest chain superstore, to welcome the Bangla New Year, said a press release.Niaz Rahim, managing director of Rahimafrooz Superstores Ltd, owning company of Agora, inaugurated the fair at Agora's Dhanmondi...
Our CorrespondentCHITTAGONG, Apr 15: Bangladesh Garment Manufacturers and Exporters' Association (BGMEA) Chittagong and German Technical Co-operation (GTZ) jointly arranged a daylong training workshop titled 'Occupational Safety and Health' at a hotel in the city Monday.A total of 31 officials of...
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