Noted economists Saturday strongly suggested a radical reform in the rural economy to return the "looted wealth" to the poor and create the real basic structure for sustainable development in the country, reports UNB."Not only the wealth discrimination between the...
S M JahangirThe government will constitute a taskforce shortly for the development of the country's ailing jute sector with especial focus on the private sector.To be headed by a senior government official, the taskforce will be comprised of entrepreneurs of...
CHITTAGONG, Nov 10 (bdnews24.com): Exporters and importers at Chittagong Port have demanded that the government appoint berth operators through international tenders to reduce the cost of handling their goods. Currently 51 master stevedore companies handle all goods at the country's...
FE Report The World Bank (WB) has offered to help the South Asian countries, including Bangladesh, India and Bhutan, for reaching inter-country agreements on energy trade for their mutual benefits. "The WB is uniquely placed to play the part of...
Saskia Scholtes and Michael Mackenzie, FT Syndication ServiceNEW YORK: Stock markets on both sides of the Atlantic concluded their worst week in months on Friday as deepening economic gloom raised expectations that the US Federal Reserve would be forced to...
Venezuela's Chavez calls for energy allianceSANTIAGO (Reuters): Venezuelan President Hugo Chavez challenged Latin American leaders at a summit on Friday to lower regional oil prices, telling big producers to sell oil cheaply to their neighbours.Addressing leaders by name, Chavez, a...
FE Report National Board of Revenue (NBR) Chairman Muhammad Abdul Mazid Saturday instructed the tax officials for all-out efforts to boost revenue collection in order to achieve the target but warned them of stern action if any irregularities were committed....
A Dhaka court Saturday sent Hotel Purbani International Managing Director Mahbubur Rahman Joynal into another three-day remand in a narcotics case, reports bdnews24.com. Magistrate Mohammad Waliul Islam of the Chief Metropolitan Magistrate's Court for Dhaka granted the remand after Joynal...
Work for preparing voter list with photographs and national ID cards will begin in the capital on November 20 and this most arduous task under the Election Commission's voter-roll project will continue up to next January, reports UNB.As part of...
FE ReportThe 117th meeting of the board of directors of the Standard Bank Ltd was held at the head office of the bank recently. Standard Bank Chairman Kazi Akramuddin Ahmed presided over the meeting. Vice Chairman Mohammad Shamsul Alam, directors...
The Greenback maintained its positive tone against Bangladeshi taka in the first week of November mainly because of large and medium sized import obligations of different banks with a relatively lower volume of inward remittance. A substantial portion of the...
Sarwar ZahanThe inter-bank call money rate remained steady last week although the central bank withdrew cash through reverse repurchase agreement (repo), treasury bills, Bangladesh Bank (BB) bills and Bangladesh Government Treasury (BGT) bonds, fund managers said.The market experienced adequate liquidity...
FE ReportThe monthly managers' meeting of the Bank Asia was held in the city recently with the bank's President and Managing Director Syed Anisul Huq in the chair.Managers of the branches and senior executives of the corporate office of the...
Riding on a stunning 117 by Younis Khan, Pakistan pulled off a sensational last-over victory over India in the second ODI at Mohali Thursday. Pakistan's 322, their highest-ever total chasing, cancelled out Sachin Tendulkar's majestic 99, reports Cricinfo.Younis arrived in...
The 1st phase 4th round matches of the Ispahani Mirzapore Tea 9th National Cricket League begins today (Saturday) with the six Divisional teams playing each other in the four-day affairs, reports UNB.League leaders Rajshahi Division take on Khulna Division at...
Twin centuries to Michael Clarke and Michael Hussey gave Australia's scorecard a familiar look for their first Test innings of the home summer, which Ricky Ponting finally closed at 4 for 551. In reply Sri Lanka suffered from a Brett...
South Africa's pace bowlers ripped through some flimsy batting to leave New Zealand struggling to remain in this match after only five sessions of the first Test at The Wanderers. New Zealand lost 8 for 77 in little more than...
Six key players of four Divisional teams will miss the 4th round maches of the Ispahani Mirzapore Tea 9th National Cricket League that begins today (Saturday), reports UNB.They are fast bowler Mashrafe Bin Mortaza and left-arm spinner Abdur Razzak of...
FRANKFURT, Nov 9 (AFP): German football federation bosses appeared Friday to give Iranian-born midfielder Ashkan Dejagah a second chance to play for his adopted country.The VfL Wolfsburg midfielder, born in Tehran but who grew up in Berlin, caused something of...
The Shapla Rang Biponi 1st Baseball Tournament, organised by Bangladesh Baseball Federation, begins tomorrow (Sunday) at the Outer Stadium in the city, reports UNB.National Sports Council (NSC) Secretary Aminul Islam will formally inaugurate the meet as the chief guest.Three teams...
BERLIN, Nov 9 (AFP): Goals either side of half-time by Bayern Munich's forgotten hero Lukas Podolski was not enough as Bolton Wanderers fought back to claim a 2-2 draw in Thursday night's UEFA Cup clash.Podolski, 22, was given a rare...
IT'S not for nothing that the adage -- a stitch in time can save nine -- came out of human wisdom. The caution was made about two months ago about a serious shortage of essential and life-saving drugs leading to...
Dr Salehuddin Ahmed concluding his two-part write-upThe banking system in Bangladesh is continuously adopting modem and innovative products. and services, to make smooth payments and transactions. Foreign commercial banks (FCBs) in Bangladesh are playing a pioneer role in introducing modem...
William Barnes Asia is bursting with entrepreneurial energy - and bribery, backdoor deals and corporate skulduggery, if the news headlines are to be believed.For example, China's food safety chief was recently executed for taking payoffs, while the Communist party leader...
Hasibul HasanEXPORTING of fruits and vegetables from Bangladesh can prove to be very gainful activities creating value chains and employment extensively at the grass roots level. Unlike other export oriented industries, the retention of value-added earnings from the export of...
MOST developing countries woo their non-residents, who work abroad, for their resources. The expatriates are valued as forex fund sources to finance economic activities in the home countries.Bangladesh has not been able to fully tap this source of finance, expertise...
A government in the early part of the last decade could substantially increase local milk production that led to the import of powdered milk falling to about one fourth of its previous level. It was astounding that a poor country...
MORE and more westerners are taking to eastern habits of eating a plenty of fruits and vegetables for health benefits.Research findings, published in an American Academy of Neurology (AAN) journal, show that senior persons can, by eating more vegetables, prevent...
Nanna LüneborgONLY a few months ago, I was trekking around Ilulissat in Greenland, my one-year-old daughter strapped to my back, admiring some of the most spectacular scenery on earth. After more than a decade in the UK, mostly in London,...
Masih Malik ChowdhuryAS we all know, foreign direct investment(FDI) has changed the fate of many economies. However, FDI has its own characteristics. Not all these characteristics are the same for different economies. FDI requires early pay back and the quicker...
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