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...
TOKYO, Apr 15 (AFP): Japan's Sumitomo Metal Industries Ltd. is considering spending up to three billion dollars to build a steel plant in India with a local partner, a report said yesterday. Sumitomo Metal, Japan's third-largest producer of crude steel,...
FE Report BRAC Bank Limited has donated ICDDR,B Tk 5.0 million (50 lakh) to complete the extension of the BRAC Bank Short Stay Ward and Emergency Triage Area at its Dhaka Hospital under the bank's Corporate Social Responsibility (CSR) programme.BRAC...
Mehdi Musharraf BhuiyanThe number of the country's mobile subscribers is well on track to reach 181 million with a penetration rate of over 120 per cent by the year 2013, a leading global business publication predicted recently. The London-based Business...
FE Report The government is in double jeopardy. It being a signatory to the Framework Convention on Tobacco Control (FCTC) has to discourage tobacco consumption. But while doing so it needs to generate enough resources from domestic sources to finance...
Eastern Bank Limited (EBL) opened a new ATM booth at the Sonargaon Link Road in the city recently, said a press release.EBL Managing Director and Chief Executive Officer (CEO) Ali Reza Iftekhar formally inaugurated the 39th ATM booth of the...
FE Report The inter-bank call money rate was steady Wednesday mainly due to excess liquidity. The US dollar, however, gained ground against Bangladesh taka (BDT) in the inter-bank foreign exchange market, fund managers said.Most deals were transacted at rates varying...
Mr Anis A Khan, leading banking and finance professional, Wednesday joined Mutual Trust Bank Limited (MTB) as managing director (MD) and chief executive officer (CEO), says a press release. Prior to joining MTB, he served IDLC Finance Limited as CEO...
Our CorrespondentKHULNA, April 15: Twelve cement factories at Nowapara are facing crisis due to shortage of running capital, raw material and lack of government patronage, industry sources said.Ahad Cement, Niloy Portland Cement, Niloy White Cement, Himaloy Cement, Macca Cement, Bright...
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