A three-day Book Fair was opened for the members and families of Dhaka Club on its premises Thursday. Noted writer Syed Shamsul Haq inaugurated the fair while Editor of Prothom Alo Matiur Rahman was present at the function. Nine publishing...
Siddique Islam The state-owned commercial banks (SCBs) have decided to implement the 13 per cent interest ceiling on lending in five specific areas without slashing the interest rate on deposits. The four SCBs - Sonali, Janata, Agrani and Rupali -...
FE ReportThe government will expedite the procedure of offloading state-owned enterprises (SoEs) and raise funds from the stock market to implement infrastructure development projects.Prime Minister Sheikh Hasina gave the assurance when a 31-member team, led by Rakibur Rahman, president of...
FE ReportThe country's garment manufacturers will try hard to hang on to their last year's record earnings in the wake of falling export orders amid global trade collapse, officials said Thursday."The financial crisis has already started to adversely impact our...
Mushir AhmedFinance advisor Dr. Moshiur Rahman hinted Thursday no immediate cash incentives for the country's garment exporters to fight off a price war amid the worst global economic downturn in six decades.Dr Moshiur told the FE that garment exporters have...
FE ReportFinance Minister AMA Muhith has hinted at the possibility of unifying the government's development and revenue budgets from the fiscal year (FY) 2010-11."We want to bring together the development and revenue budgets… Hopefully it will be possible from the...
A Z M Anas State airline Biman has jumped on the discount bandwagon to cushion against intense competition, worsened by sapping demand for air travel on Dhaka-Kuala Lumpur route, officials said Tuesday. After launch by Malaysia Airlines last month, officials...
FHM Humayan KabirThe Bangladesh Petroleum exploration company (BAPEX) is likely to start exploration works in gas blocks 8 and 11 from next winter aimed at tapping potential gas reserves to meet the growing energy demand, officials said Thursday."We are working...
FE ReportDhaka stocks closed mixed in the heavily-fluctuating market Thursday with a decrease in turnover.The benchmark index of the Dhaka Stock Exchange (DSE)-DSE General Index (DGEN)-closed at 2408.67 with a slight fall of 5.60 points, dragged down by mutual funds....
The country's foreign exchange reserve rose to a record high at US$ 6.23 billion Thursday, because of the global recession that helped reduce the import expenditures, reports UNB.A senior central bank official said the closing balance of the forex reserve...
A Dhaka court Thursday placed 52 Bangladesh Rifles (BDR) members on five-day police remand each in the February 25-26 killing case. The court of Chief Metropolitan Magistrate (CMM) granted the remand for 32 BDR men, as the jail authorities produced...
A young man was gunned down by some miscreants in the city's Banani area Thursday morning. The deceased was identified as Nazmul Islam, 25, an employee of a recruiting agency, Dah Mashi Corporation Ltd. Witnesses said three miscreants came to...
British Department for International Development (DFID) country chief Chris Austin Thursday announced that they will provide 250 million pounds sterling over the next five years to help out the poor and vulnerable people of Bangladesh. He said their focus is...
Mahmudur RahmanAnd so the much awaited and expected forced rate cuts for bank loans to 13% maximum is now a reality. The business circle is still unhappy and wants this to come down to single digit numbers. Bankers were guarded...
S M JahangirAll the existing duties on import of equipment for installation of solar power units are set to go in the next budget as the government wants to promote the renewable energy system for coping with the country's growing...
The Anti-Corruption Commission (ACC) has rejected a summons from the parliamentary standing committee on public undertakings, saying the watchdog has no authority to summon an autonomous body, reports bdnews24.com.ACC Acting Chairman Habibur Rahman told reporters Thursday: "We have decided not...
BNP launched countrywide demonstration Thursday with a rally in the capital's Naya Paltan party headquarters at 4pm, against the government's decision to cancel the lease of the cantonment house of Khaleda Zia, reports bdnews24.com. Protest rallies will also be held...
The government will appoint an investigating agency, prosecutors and form tribunals within two weeks, for the long-awaited war crimes trials, the law minister said Thursday, report bdnews24.com and UNB."The trial process has started," Shafiq Ahmed told reporters after the first...
FE ReportTATA Motors and its distributors in Bangladesh Nitol Motors Limited Thursday launched a truck and a pickup van in the country. The two vehicles were formally launched at the Bangladesh-China Friendship Conference Center in the city. Chairman of Nitol-Niloy...
From Fazle RashidNEW YORK, Apr 9: Unrelenting downhill slide in economy forced the US Fed Reserve to pump in more than $1.0 trillion into the market in March. It was done so without any fanfare. It was not reported in...
The government is planning to procure Boro rice as price incentive to farmers so that they do not get frustrated, Food Minister Abdur Razzak said Thursday, reports UNB."We want to procure Boro rice at a reasonable price keeping the interest...
BAGERHAT, Apr 9 (UNB): At least 11 people were killed and 50 injured, 10 of them critically, as two buses collided in a terrible accident on the Khulna-Mawa Highway in Mollarhat Upazila Thursday.Five men, three women and three children are...
CHITTAGONG, April 9 (BSS): Industries Minister Dilip Barua Thursday said steps would be taken to build another dry dock with individuals capable of ship building in next four to five years.He said industrialisation is essential for creating jobs and for...
FE Report The Asian Development Bank (ADB) will establish a new fund that will enable it to immediately provide financial aid to developing member countries (DMCs) hit by natural disasters.The ADB Board of Directors approved the establishment of the Asia...
ACI Salt Limited and AAMRA Infotainment Limited have decided to launch a nationwide Internet based quiz competition, says a press release. Anyone can join and participate in the competition through 2funmail.com website. This contest will inspire the young generation towards...
FE Report Dutch-Bangla Bank Limited (DBBL) organised a three-day plastic surgery operation under its Smile-Brighter Camp Programme at Feni recently for the poor cleft-lipped boys and girls at the bank's own cost to bring back enduring smile on their faces.The...
Motorola has launched new mobile phones Motorazr, Motorokr, Motoyuva series and Motozine ZN5 in the country. Motorola also appointed Quartel Infotech Limited as its national distributor Wednesday to ensure nationwide distribution coverage for Motorola's mobile devices in Bangladesh, says a...
Board meeting of Bank AsiaThe board of directors' meeting of Bank Asia Limited will be held at 12 noon on April 12, 2009 to consider, among others, the accounts of the bank for the year that ended on December 31,...
CAIRO, April 8 (AP): President Barack Obama won praise from many Muslims Wednesday as a "fresh breeze" bringing hope for improved relations with the United States. But mixed with the optimism was uncertainty and skepticism the new US president will...
Pirates near Somalia's coastline attacked a cargo ship Wednesday with a crew of at least 20 US nationals, according to the company that owns the vessel, reports CNN.It is believed that the US-flagged Maersk Alabama was subsequently hijacked, according to...
© 2026 - All Rights with The Financial Express
