From Fazle Rashid NEW YORK, April 01: It would require no pundit to say that the G20 summit will yield no concrete result. Leaders are sharply divided on as how to combat the gale now raging fiercely in the financial...
FE Report National Board of Revenue Chairman Muhammad Abdul Mazid Wednesday said the government will impose higher duty on luxury items in the next budget to help maintain a stable foreign exchange reserve."We will impose higher duty on the import...
Prime Minister (PM) Sheikh Hasina has revealed a list of 448 people who confessed of committing corruption before the Truth and Accountability Commission (TAC) last year in exchange for clemency. Hasina gave the names in the parliament Wednesday in reply...
Jatiyo Sangsad (JS) Wednesday passed the Consumer Rights Protection Bill 2009 to protect consumers' rights by preventing cheating at weight, price and quality of what they buy. Commerce Minister Lt Col (retd) Faruq Khan piloted the bill that was passed...
BARISAL: The death toll rose to nine with recovery of six more bodies from different spots of the river Sugandha until 6:00pm Wednesday. Bodies of four persons, however, were still missing. — BSS
CHITTAGONG: About 200 workers of a ready-made garments (RMG) factory at city's Wireless Colony in Khulsi thana Wednesday blockaded nearby Zakir Hossain Road demanding payment of their last month's salary. — UNB
FE ReportThe country needs to strengthen its promotional activities to attract more investment and creation of employment for economic growth of the country.It is critical for the Board of Investment (BoI) to be strong for performing its role as the...
Prime Minister (PM) Sheikh Hasina Wednesday said the killers of the army officers inside the Pilkhana headquarters of Bangladesh Rifles (BDR) should be meted out such exemplary punishment so that no one else ever dares to repeat such a heinous...
Siddique Islam The central bank is going to introduce a 'delivery versus payment' (DVP) system shortly to gear up transactions of the government approved securities in the secondary market, officials said. Under the new settlement system, the Bangladesh Bank (BB)...
FE ReportThe government is confident about the resolution of the crisis relating to cancellation of visas of 55,000 Bangladeshi workers by Malaysia as it has received a positive indication from the authorities in Kuala Lumpur."The visa crisis has not been...
FE ReportA previously unknown population of Irrawaddy dolphins has been discovered in Bangladesh, giving the scientists "great hope" for the survival of the rare species, conservationists said Wednesday, according to an internet report.A research team estimated that 6,000 Irrawaddy dolphins...
Raihan M ChowdhuryRahman Knit Garments Ltd has streamlined its corporate philanthropic efforts by providing state-of-the-art medical facilities at low cost to thousands of poor and needy patients of a number of remote villages in Brahmanbaria district.The 65-bed 'Mahbubur Rahman Memorial...
US Secretary of State Hillary Clinton has agreed to visit Bangladesh "at a mutually convenient time", says a foreign ministry statement, reports bdnews24.com. Hillary agreed to tour Bangladesh when Foreign Minister Dipu Moni invited her on the sidelines of the...
FE ReportAdverse effects of the global financial meltdown on exports, remittance and domestic demand situation would lead to 5.6 per cent (lowest in five years) growth of Bangladesh economy in the current financial year, compared 6.2 per cent growth in...
Prime Minister (PM) Sheikh Hasina Tuesday said the government will set up Expatriate Bank for safe migration of Bangladeshi workers to overseas job markets, as she discussed with business leaders the country's latest socioeconomic situation, reports UNB.She announced this and...
Ahsan H. Mansur and Tamzidul Islam ChowdhuryAs global commodity prices surged to its all-time peak in July last year, inflation in Bangladesh also followed a similar track. However, with the fall in commodity prices, most countries like India and China...
Shamsul Huq Zahid The Awami League (AL)-led Mahajote (grand alliance) government must be happy to see the fulfillment of one of its many electoral promises-bringing down the prices of rice, the main staple, to an affordable level-- within a very...
FHM Humayan KabirThe government is likely to make a major policy shift on its development expenditure plan as it has started to work on re-introducing the 'five-year development plan' that was discontinued since 2002, officials said."As the PRSP has been...
FE Report Gross Domestic Product (GDP) growth in the developing world will slow to a projected 2.1 per cent in 2009 from 5.8 per cent in 2008, according to World Bank (WB) estimates released Tuesday. The WB has more than...
FE Report President of International Chamber of Commerce -Bangladesh (ICC-B) Mahbubur Rahman said Bangladesh has done relatively well in developing its manufacturing sector, a key requirement for rapid economic growth. However, in almost every field of economic activity, the binding...
Siddique Islam The inter-bank call money rate dropped sharply to 1.75 per cent Tuesday due to sluggish demand for fund in a highly liquid market.Market operators said non acceptance of reverse repurchase agreement (repo) by the central bank since March...
FE ReportDhaka stocks were back in the red Tuesday, just after a rally the previous day, with an increase in the turnover.The Dhaka Stock Exchange (DSE) halted trading in shares of the Uttara Bank from the very beginning of trade...
FE ReportThe Dhaka Medical College (DMC) has been closed sine die after clashes between Bangladesh Chhatra League (BCL) factions at a residential hall early Tuesday led to the death of its secretary general Abul Kalam Azad alias Rajib.Police said the...
A parliamentary body has asked the state-run television and radio not to be "over enthusiastic" in their coverage of Bangabandhu Sheikh Mujibur Rahman. Chairman of the parliamentary standing committee on information ministry Obaidul Quader said the Independence leader had already...
The government has appointed Major (retd) MM Iqbal chairman of Bangladesh Road Transport Corporation (BRTC). An appointment letter in this regard was issued Tuesday, said a press release. Iqbal, a freedom fighter, was the director (sports) and executive director of...
The Executive Committee of National Economic Council (ECNEC) Tuesday approved three development projects involving about Tk 2.91 billion. Prime Minister Sheikh Hasina, who is also the ECNEC chairperson, presided over the meeting at the NEC conference room and approved the...
Mahmudur RahmanAmidst all the negative news from the world economy now come some refreshingly positive signs. Two of the major players in the world economy report contrasting situations that give rise to hope.China, predicted to be the major economic power-house...
FE ReportThe country's bourses have urged the government to allow investment of undisclosed money in the stock market to spur its growth. "We, the two bourses, have set common proposals for inclusion in next budget to strengthen the stock market,"...
FE ReportChairman of Regulatory Reform Commission (RRC) Akbar Ali Khan said Tuesday that the recent BDR carnage and the latest political developments in the country have pushed the country's investment climate into a zone of uncertainty."Right now, we have got...
FE Report Commerce minister Faruk Khan Tuesday said the government is considering providing certain perks to the apparel sector in the backdrop of the worldwide financial crisis. He said: "The government is planning to reduce tariffs and improve banking support...
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