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Thirty eight years of independence

2009-03-26 00:00:00

Enayet Rasul BhuiyanBangladesh is no more a young nation or a new nation. It is observing today its thirty-eighth independence day which should remind all of its coming of age. But this maturity leaves a lot to be desired. Bangladesh...

Give highest priority to using coal resources

2009-03-26 00:00:00

Dewan Faruque AhmedCoal can be a very useful and effective source of energy to ensure Bangladesh's future energy security and help develop the national economy. But to utilise the country's coal reserve potential, a bold decision and its immediate implementation...

Abuse of power

2009-03-26 00:00:00

An MP is all powerful. They always remain surrounded by so many people. An MP can do whether he or she wants, particularly if he or she belongs to the ruling party. An MP can even beat a journalist. Thus,...

How much money does one need to maintain a modest family ?

2009-03-26 00:00:00

THE security guards, those that are privately employed or through security agencies, work for an average salary of Tk 3000 per month. When you tell this to tenants or even the owners of the houses or flats (they are supposed...

Beautiful versus essential!

2009-03-26 00:00:00

THE government is going to set-up a sculpture in front of the General Post Office (GPO). It is a piece of good news because after completing it, the GPO and its adjacent areas as well as Dhaka city will be...

For a self confident Bangladesh

2009-03-26 00:00:00

Bangladesh is a country full of natural resources. Fish alone can earn billions of taka a year. Actually we are not poor. Our population can easily be turned into wealth as China has done.We got our flag after much sacrifice....

Prospects of commodity exchange for Bangladesh

2009-03-26 00:00:00

Salahuddin A Khan and M Bakhtear U Talukdar in the first of a two-part articleDUE to lack of any market-based supervision and regulation mechanism; volatilities in the prices of essential commodities, whether produced domestically or imported from abroad, became the...

Reflections of a grisly massacre

2009-03-26 00:00:00

Shaikh A. HamidTHE towering trees of Peelkhana would in the past envelop a visitor with a feeling of tranquillity. Its lush green blooming fields were a feast for the eyes. It is a most unlikely site for calculated carnage, macabre...

MFI as promoter of profitable self-employment

2009-03-26 00:00:00

Md. Mahbubur Rahman BulbulNOWADAYS a dairy farm is a very profitable business in Bangladesh. Such farms are changing lifestyle of a huge number of women, especially, those that want to become self-reliant in their life. In town or village, everywhere...

Higher yielding seeds for more rice

2009-03-26 00:00:00

Abdur RashidA revolution in food grain production can occur in Bangladesh if only the areas under higher yielding seeds are expanded to cover some 60 per cent of the farmlands instead of the present 20 per cent or so now...

IMF gears up lending in battle against global crisis

2009-03-26 00:00:00

WASHINGTON, Mar 25 (AFP): The International Monetary Fund yesterday launched a line of credit without conditions in a major overhaul of lending practices to tackle the worst global economic crisis in 60 years. One week before a Group of 20...

US ups ante on regulation as G20 looms

2009-03-26 00:00:00

WASHINGTON, Mar 25 (AFP): Top US economic policymakers called yesterday for new regulation of giant financial firms like AIG to avoid a repeat of the worst economic slump in decades, as leaders geared up for a Group of 20 crisis...

Lafarge Surma awards top retailers

2009-03-26 00:00:00

The country's leading cement manufacturer Lafarge Surma Cement Limited organised a 'Halkhata' programme in the city recently, says a press release. Halkhata, which means to open a new book of accounts closing the old one, has been a local tradition...

ILO says 90m new jobs needed by 2010

2009-03-26 00:00:00

GENEVA, Mar 25 (AFP): The ILO yesterday called on authorities to adopt a "jobs-oriented" strategy in the economic crisis, noting that 90 million new jobs must be created by 2010 in order to absorb new entrants to the market. "We...

Vietnam's first-quarter inflation almost 14.5pc

2009-03-26 00:00:00

HANOI, Mar 25 (AFP): Vietnam said Tuesday that inflation was almost 14.5 per cent year-on-year for the first quarter of 2009 as consumer prices continued to ease from a record high seen last year. Much of the 14.47 per cent...

Oil prices ease in Asian trade

2009-03-26 00:00:00

SINGAPORE, Mar 25 (AFP): Oil prices fell in Asian trade today after rising to four-month highs on hopes of a US economic recovery, analysts said. New York's main futures contract, light sweet crude for delivery in May, shed 67 cents...

Japanese exports suffer another record plunge

2009-03-26 00:00:00

TOKYO, Mar 25 (AFP): Japan announced today another record fall in exports as the global economic downturn crushes demand for its cars and high-tech goods and pushes the country deeper into recession. The sharp decline reinforced fears that the world's...

Call to create awareness against marketing of junk foods

2009-03-26 00:00:00

FE Report Speakers at a discussion urged all to create awareness against marketing of junk foods for the greater interest of the country's next generation.The speakers said this at a discussion on 'Junk Food Generation: CI's Campaign to Stop Marketing...

EU finance chief backs dollar's reserve status

2009-03-26 00:00:00

STRASBOURG, Mar 25 (AFP): A top European economic official said yesterday that the dollar would remain unchallenged as the top reserve currency, after China called for the greenback to be stripped of its privileged status. "The relative economic powers are...

China insists Coke rejected to protect consumers

2009-03-26 00:00:00

BEIJING, Mar 25(AP): China denied Wednesday that it rejected Coca-Cola Co.'s bid to buy a Chinese fruit juice maker to keep a local brand out of foreign hands and insisted it acted to preserve competition.In its first detailed explanation of...

Researchers urged to develop better quality jute seed

2009-03-26 00:00:00

FE ReportTextile and Jute Minister Abdul Latif Siddiqui has urged jute researchers to develop better quality jute seed for producing finer fibre aiming to restore the past glory of the cash crop."Once 70 per cent of the country's total foreign...

Call rate steady, dollar posts gain

2009-03-26 00:00:00

FE Report The inter-bank call money rate remained steady due to smooth flow of cash in the market. The US dollar, however, posted significant gain against Bangladesh taka (BDT) in an active inter-bank foreign exchange market on strong demand for...

Businesses ‘incur loss due to faulty’ documentations

2009-03-26 00:00:00

Our CorrespondentCHITTAGONG, Mar 25: The business community is incurring losses both directly and indirectly due to inefficiency in preparing import and export documents. Importers and exporters, to avoid hassles of different nature due to faulty documentations, are also discouraged from...

Prime Bank starts sales, marketing campaign

2009-03-26 00:00:00

Prime Bank Limited has started its countrywide sales and marketing campaign. Managing Director M Ehsanul Haque formally inaugurated the campaign of Dhaka division at its Bijoynagar sales centre in the city recently. Project Coordinator SAVP (Marketing) Mahmudur Rahman, Head of...

Singer Plus launches sales campaign

2009-03-26 00:00:00

FE ReportA special campaign titled "Hot Summer-e Cool Tour" started at Singer Plus Shops across the country from March 15, 2009.Under the campaign, two lucky buyers of Airconditioner, Refrigerator, Television, IPS or Electric Sewing Machine any brands will win air...

Global alliance for 'banking on values' launched

2009-03-26 00:00:00

Eleven of the world's leading sustainable banks have created 'Global Alliance for Banking on Values', a new alliance to build a positive alternative to the global financial system in crisis. The banks, including BRAC Bank in Bangladesh, ShoreBank in the...

Ship carrying food grains arrives at Mongla

2009-03-26 00:00:00

Our CorrespondentKHULNA, Mar 25: A ship carrying food grains has anchored at Mongla Port after three and half years. Maltese flag carrying ship MV Manna with 17400 metric tons of wheat imported by the government from Ukraine had anchored at...

Japanese auto sales to drop to 32-yr low

2009-03-26 00:00:00

TOKYO, Mar 25 (AFP): Japanese auto sales are expected to fall to the lowest level in more than three decades over the coming year as the global economic downturn crushes demand for cars, an industry body said Tuesday.The bleak forecast...

Asian markets mixed as investors take profits

2009-03-26 00:00:00

HONG KONG, Mar 25 (AFP): Asian markets were mixed Wednesday as investors made the most of massive gains earlier in the week to take profits as confidence slowly edges back onto trading floors.Hong Kong led the falls in the major...

corporate watch

2009-03-26 00:00:00

Recommendation of bank/co dividendPubali Bank: The board of directors of Pubali Bank Limited has recommended 30 per cent stock dividend (three bonus shares for every 10 ordinary shares) for its shareholders for the year 2008. The annual general meeting (AGM)...