Muhammad Mahboob AliThe Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) groups Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand. These seven countries, however, are yet to put this body as an effective regional organisation. The...
Mahbubul HaqueRECENT credit crunch in the USA and in so of the European countries have cast a gloomy picture on the economic arena of many countries. It is almost a recession in many countries. We have noticed fall of share...
CHICAGO, Dec 7 (AP): President-elect Barack Obama said Saturday that he wants to revive the economy and create jobs by upgrading roads, schools and energy efficiency in a public-works programme whose scale has been unseen since construction of the interstate...
PARIS, Dec 7 (AFP): The price of air tickets should start coming down soon because of the world financial crisis, experts are predicting, while ruling out a plunge that would endanger the health of airlines. "If you keep prices too...
NEW DELHI, Dec 7 (Internet): The new Rs 70 billion refinance window opened by Reserve Bank of India (RBI) has come as a ray of hope to the beleaguered and cash-starved micro and small enterprises (MSEs) sector, which account for...
BEIJING, Dec 7 (Reuters): China and the United States pledged last Friday to boost efforts to tackle the turmoil engulfing global markets and to continue high-level cooperation when President-elect Barack Obama takes office.Among the few concrete results of the two-day...
TALLINN, Dec 7 (AFP): Long in the shadow of their Soviet-era master Moscow, the Baltic states of Estonia, Latvia and Lithuania want to step up a drive to end their energy market isolation within the 27-nation EU. "The Baltic states...
VODNJAN, Croatia, Dec 7 (AFP): Croatian olive farmer Sandi Chiavalon has high hopes of taking on the might and quantity of Greece, Italy and Spain with the quality of oil from his groves. The three European giants may account for...
MUMBAI, Dec 7 (Internet): Real estate players are sceptical about how much these measures would actually boost the consumer confidence, which is currently weighed down by negative sentiments.According to Jai Mavani, KPMG's executive director and head of real estate practice,...
FE Report ACI Motors Limited -- a sister concern of ACI Limited, and SICMA -- a renowned company of Italy, recently signed an agreement. ACI Limited Executive Director (Agribusinesses) FH Ansarey and SICMA Chairman Franco Aurora singed the agreement on...
Citibank NA, Bangladesh will formally launch its Direct Custody and Clearing (DCC) services in Bangladesh on December 15, reports UNB.This will enable Citibank to better support its global clients and channel more foreign portfolio investments into the emerging Bangladesh capital...
FE Report Dutch-Bangla Bank Limited (DBBL) opened its 62nd branch at Nababganj Bazar in Rangpur recently, said a press release. DBBL Managing Director Md Yeasin Ali inaugurated the branch with on-line banking facilities from the very beginning.The DBBL managing director...
Our CorrespondentCHITTAGONG, Dec 07: In view of the economic crisis persisting in the global arena, the shipping sector has been hardhit as the import of the different goods including the essential has declined leading to the reduction in arrival of...
FE Report The inter-bank call money rate maintained steady level Sunday despite higher demand for cash, as the pressure on liquidity was reduced with injection of fresh fund through repurchase agreement (repo). The US dollar, however, remained stable against Bangladesh...
FE ReportThe tenth Annual General Meeting (AGM) of the Bangladesh Leasing and Finance Companies Association (BLFCA) was held at a local hotel in the city recently. MDs /CEOs and senior officials of financial institutions were present at the AGM.In his...
FE ReportThe government borrowed Tk 4.00 billion (400 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 4.00 billion from the market in the week.The central bank conducted auctions of 91-day and 182-day bills on...
Eastern Bank Limited (EBL) opened its 30th ATM booth at Raozan Upazila in Chittagong recently to provide better customer service there, says a press release. EBL Director Meah Mohammad Abdur Rahim formally inaugurated the new booth of the bank.EBL Chittagong...
Jamuna Bank Limited has opened its 38th branch at Trikal Tower on the Laksham Road at Kandirpar in Comilla. Chairman of the board of directors of the bank Md Tazul Islam inaugurated the branch recently, said a press release.Speaking on...
The monthly managers' meeting of Premier Bank Limited was held in the city recently.Vice Chairman of the board of directors of the bank BH Haroon was present at the meeting as the chief guest while Managing Director Khondker Fazle Rashid...
Mahmuda Shaolin Sale of refrigerators has witnessed a surge as a section of city dwellers mostly from the middle income group are rushing to buy the household item mainly for storing meat of animals to be sacrificed on the occasion...
Grameenphone (GP) Limited has become the key sponsor of the upcoming BASIS SoftExpo 2009. In this connection, a sponsorship agreement was signed between the Bangladesh Association of Software and Information Services (BASIS) and the GP in the city Saturday, said...
Our CorrespondentNILPHAMARI, Dec 07: Raw hide traders of the northern region urged the government to curtail the domination by the non-bonafide hides and skin traders and introduce licences for the traders.They called for bank loan facilities from the government for...
Our CorrespondentKHULNA, Dec 7: The Joragate kitchen market in Khulna was full of cattle, but the sellers said there were not many buyers because prices remained high compared with past year.The market is the only temporary cattle market set up...
MUMBAI, Dec 6 (AFP): Indian shares will track news-linked events this week following an Indian economic stimulus package expected this weekend and a bailout package for US auto giants next week, dealers said. Locally, the markets expect the Reserve Bank...
BAGERHAT, Dec 7 (UNB): Export of vessels will begin soon through Mongla Port, the second largest maritime port of the country, for the first time.A German national flag carrier MV Kondoc-2 will start for Mopatu Port of Mozambique within next...
MECCA, Dec 7 (Reuters): More than two million Muslims began the haj pilgrimage Saturday, heading to a tent camp outside the holy city of Mecca to follow the route Prophet Mohammad took 14 centuries ago.Over the past week, a sea...
NEW DELHI, Dec 7 (Reuters): India's foreign minister Sunday accused Pakistan of leaking a story that someone pretending to be him had called and threatened Pakistan's president two days after the Mumbai attacks.New Delhi has blamed the attacks, in which...
BANGKOK, Dec 7 (agencies):The main opposition party in Thailand says it has enough support to form a government and end the political crisis that has gripped the country.The Democrat Party claims it has the backing of more than half of...
Riots have broken out in several Greek cities after police shot dead a teenager in the capital Athens, reports BBC.The unrest began soon after the shooting in the central Exarchia district, a regular scene of clashes between police and leftist...
A material that can be squirted into broken bones, where it hardens within minutes, has been developed by UK scientists, reports BBC.The toothpaste-like substance forms a biodegradeable scaffold over which the body's own bone grows.Its makers, from Nottingham University, said...
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