FE ReportGeebee Garments Industries Limited, an Indian company, will set up a garments manufacturing unit in the Karnaphuli Export Processing Zone.This wholly foreign-owned company will invest $ 9.513 million in setting up their unit and will produce shirt, t-shirt, blouse,...
FE Report The inter-bank call money rate lost ground slightly Thursday due to flow of excess cash in the market. The US dollar was steady against Bangladesh taka (BDT) in the inter-bank foreign exchange market, fund managers said.The call rate...
FE Report The central bank is continuing to purchase US dollar from the commercial banks aiming to keep the inter-bank foreign exchange market stable, officials said. As part of the move, the Bangladesh Bank (BB) bought US$17.00 million at the...
Our Correspondent JESSORE Apr 2: The workers of Akij Jute Mills Ltd at Nawapara industrial area in the district continued their agitation programme Tuesday in front of the mills demanding reopening of the mills.Meanwhile, a meeting between the management of...
Our CorrespondentCHITTAGONG, Apr 2: There is no alternative to developing human resources for achieving prosperity in both industrial and agricultural sectors of the country aiming at implementing the very dream of Digital Bangladesh and economic prosperity.Industries Minister Dilip Barua said...
FE ReportStarwood Hotel & Resorts, the parent company of Dhaka Sheraton Hotel, has extended its management contract with Bangladesh Services Limited (BSL), the owning company of Dhaka Sheraton Hotel for another 3 months. The oldest luxury hotel will now be...
NCC Bank Limited signed an agreement with Three Star Remittance of Malaysia recently. NCC Bank Deputy Managing Director Golam Hafiz Ahmed and Malaysian Three Star Remittance Managing Director DN Thapa signed the agreement on behalf of their respective organisations. Also...
Ms. Humaira Azam has joined IPDC of Bangladesh Limited as the new Managing Director & CEO with effect from April 1, says a press release.She has 19 years of extensive banking experience in diverse fields like Corporate Finance, Special Asset...
FE Report Premier Bank Limited organised a three-day workshop on 'Credit Risk Management' at its training institute in the city recently, said a press release.Additional Managing Director of the bank Abu Haniff Khan inaugurated the workshop as the chief guest....
The Securities and Exchange Commission (SEC) has directed the authorities of Quasem Textile Mills Limited to explain/clarify their position in respect of the following auditors' qualified observations on the financial statements of the company: "The company has incurred significant operating...
Commerce Minister Md Faruq Khan has said that any investment from non-resident Bangladeshis (NRBs) and other foreign investors would be treated with high priority. He said this while speaking as the chief guest at a non-resident Bangladeshi (NRB) conference jointly...
FE ReportNestle Bangladesh Limited has taken a step to ensure good life by providing clean drinking water in a few village schools.The latest facility has been built in Bindhan High School at Gazipur District, where Nestle Bangladesh Limited has invested...
SINGAPORE, Apr 2 (AFP): Carrie is a Singaporean housewife in her 50s, but unlike other middle-aged women in her neighbourhood, she does not spend her mornings doing chores, shopping or planning lunch with friends. Instead she sits in an office...
Our CorrespondentCHITTAGONG, Apr 2: The eighth annual general meeting (AGM) of S Alam Cold Rolled Steels Limited has approved 17 per cent cash dividend for the year that ended on September 30, 2008.The AGM was held at the Institution of...
RB Group, one of the country's largest electrical, electronics and automobiles products marketing company which using the brand name Walton, opened its exclusive showroom Japani Electronics at Newmarket Road, Roghunath bazar in Sherpur recently, says a press release. Director of...
A UN-sponsored study to have a quantitative assessment of the impact of the spiralling food prices on the family budget, health and nutritional condition of the population has come up with alarming results. It shows that 25 per cent of...
Syed Fattahul AlimThe nation states in the present-day context of enhanced global concern on the issues of economy, trade and commerce are quite a different kettle of fish compared to those past eras when excessive focus was given on political...
Abu Yusuf HelaliA summit meeting of the BIMSTEC (The Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation), was held in New Delhi towards the end of last year. Founded in 1997, initially BIMSTEC had four member countries, which...
THROUGH the media one can watch TV or read in newspapers that whenever the top guns of Bangladesh Garments Manufacturers & Exporters Association (BGMEA) or Bangladesh Knitwear Manufacturers & Exporters Association (BKMEA) or tannery or food or real estate sectors...
THE new government has come to power with fresh enthusiasm or seemingly real determination to improve things in all spheres. It should prove its commitments by strengthening the anti-smuggling operations to retain the resources within the country and protecting the...
ACCORDING to a newspaper report on March 29 last, the Jatiya Sangsad website has been showing Jamiruddin Sircar and Abdul Hamid Siddiqui as the Speaker and the Deputy Speaker. I was astonished to read this news and thought it to...
Tarequl Islam MunnaFOR the crucial climate negotiations -- to be held later this year in Copenhagen -- to achieve any of success, the US must take the lead.President Obama will face one of the most important moments of his presidency...
Nurul Islam KhanJUST as Basic Democracy made the holding of free general elections impossible, the might of the military behind the supreme commander Gen. Ayub Khan held every one in awe during the last decade of united Pakistan in the...
Mohammad Abdur Rob DewanIT seems that the period of McDonaldization, which is portrayed as standardization, has come to an end. Communities have grown more diverse in ethnicity, wealth, lifestyle and values. With the economic globalization and prodigious growth of regional...
SEOUL, April 2 (AFP): North Korea's military threatened Thursday to attack "major targets" in Japan if Tokyo tries to shoot down a satellite it intends to launch as soon as this weekend."If Japan recklessly 'intercepts' the DPRK's (North's) satellite for...
WASHINGTON, April 2 (AP): President Barack Obama and Chinese President Hu Jintao, who agreed to meet in Beijing this year, are looking to improve the often-tense relations between two nations seen as pivotal to hopes of ending the global economic...
India to begin fighter jet trials soonNEW DELHI, April 2: India will soon begin trials of fighter jets competing for one of the world's biggest arms deals, a defense ministry official said Thursday, brushing aside speculation the upcoming election could...
EDINBURGH, Scotland, April 2 (AP): Police say all 16 people aboard a helicopter that went down off Scotland's northeast coast were killed.Eight bodies have been recovered and coast guards are searching for the others.Grampian Police Assistant Chief Constable Colin Menzies...
KABUL, April 2 (AP): Afghan and US coalition troops battled a large group of militants in southern Afghanistan before calling in an airstrike that killed 20 insurgents, the coalition said in a statement Thursday.Dozens of insurgents attacked the joint foot...
BRUSSELS, April 2 (AFP): NATO welcomed Albania and Croatia Wednesday as the 27th and 28th members of the military alliance, after their ambassadors filed their instruments of accession with the US government. The move, held up by a border dispute...
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