Nusarat HashimiWhat constitutes morality? Morality is but a code of conduct applicable in a given time and place. It ought not to be understood as a static concept in man's history. What is regarded as inviolable morality of one period...
The foreign shipping companies take away, on average, more than two billion US dollars a year as freight charges from Bangladesh's 16 billion dollar foreign trade. The entire two billion dollars could be saved and retained in the country by...
MANY people are in the habit of gulping down medicines regularly. The taking of medicine for them might be akin to the mentality of some people who seem to appreciate wearing glasses out of a feeling that the same improves...
Mike Davis This August, just as the first Santa Ana winds bent the boughs of the eucalyptus trees in Balboa Park, 500 wealthy business people and Republican Party donors raised their champagne glasses to salute "Mr. San Diego," Pete Wilson,...
John LloydDemocracy's friends," concludes Stein Ringen, "should now sound loud and clear a warning about democracy's quality." The conclusion is the book's subject: Ringen, a Norwegian sociologist at Oxford, believes that democracy has won in the world while losing the...
Ahmed Showkat MasudA garment factory with a capacity to produce 2,00,000 dozens of shirts in 300 working days will have to share extra orders, with another factory. If buyers ask the factory owner that no sub contract will be allowed...
Ed Crooks from LondonSHORTAGES of skilled labour and capital investment mean oil supplies might fail to meet the expected growth in demand over the coming years, the head of the rich countries' energy watchdog has warned.Nobuo Tanaka, executive director of...
David Wighton from New YorkCitigroup has sacked two senior executives responsible for its mortgage-backed investments business amid concerns that it could face further heavy writedowns on its holdings of subprime-linked securities.Michael Raynes, head of structured credit, and Nestor Dominguez, co-head...
SEOUL, Nov 8 (AFP): Asian economies have weathered the US subprime mortgage crisis well and will experience only a mild slowdown next year, a senior International Monetary Fund official said today. But any sharp US slowdown would have a significant...
WASHINGTON: US worker productivity rose at the strongest pace in four years in the third quarter, pushing labour costs down, the government said Wednesday in a report offering comfort to the inflation-wary Federal Reserve.Nonfarm productivity, or hourly output per worker,...
BEIJING, Nov 8 (AFP): China has released new rules to prohibit or limit foreign investment in key industries as it seeks to cool its overheated economy and clean up its damaged environment, state press reported today. In a wide-ranging directive...
Southwest Airlines abandoned its longstanding first-come-first-served approach to seating yesterday, giving business travellers, who pay the highest fares, first choice in boarding. Those travellers will also receive extra frequent-flier credits and a free alcoholic beverage, in a move the airline...
BANGALORE, Nov 8 (AFP): Tirunelveli and Trichy, Durgapur and Dankuni hardly trip off the tongue of most Indian IT professionals living in the established hot spots of the information technology industry. But these small backwoods towns have joined the race...
BEIJING, Nov 8 (Reuters): China, the third country to put a man into space aboard its own rocket, will open part of the second stage of its moon mission projects to private funding, a newspaper said today. As part of...
WELLINGTON, Nov 8 (AFP): New Zealand's unemployment rate hit a record low of 3.5 per cent in the September quarter, the lowest rate since the current measure was adopted in 1986, Statistics New Zealand said. New Zealand's unemployment rate is...
SINGAPORE, Nov 8 (AP): Oil prices fell below $96 a barrel Thursday as a report showing a smaller-than-expected drop in U.S. crude supplies prompted traders to pocket gains from the recent rally. Oil prices had surged to a record above...
FE ReportGrameenPhone (GP) signed an agreement with Dhansiri Media Production House to provide complete communication facilities under its Business Solutions package.Dhansiri Media Production House Managing Director Shomi Kaiser and GP Dhaka Region Head (commercial division) Sajjad Alam signed the agreement...
MUNICH Nov 8 (Reuters): Industrial group Siemens (SIEGn.DE) delivered stronger quarterly results than expected, raised profitability targets and announced a 10 billion-euro ($14.6 billion) share buyback programme. Siemens shares rose as much as 5.5 percent against weak European markets Thursday...
Rome, Nov 8 (Internet): Global cereal prices, which continued to rise this year, are expected to remain high in 2008, pushing up retail prices for basic foods such as bread, pasta, meat and milk, a United Nations Food and Agriculture...
TOKYO, Nov 8 (AFP): The dollar hovered close to record lows against the euro in Asian trade today as players fretted about the subprime loan crisis and awaited European interest rate decisions, dealers said. They said the greenback tumbled against...
TOKYO, Nov 8 (Reuters): Gold fell Thursday after sharp price swings the previous day, but underlying sentiment stayed bullish with investment funds looking to buy on dips due to a tumbling dollar and record high oil prices. -- Gold hit...
FE ReportExecutive Director (Financial) Jacob Matthews and Executive Coordinator Alexane Ghestern of East Invest Private Equity Ltd, a UK-based equity company, visited Bangladesh recently. Both of them have agreed to buy the Oriental Bank Ltd as part of their investment...
FE ReportThe 98th branch of National Bank Limited (NBL) was inaugurated in the city's Progati Sarani area recently.Chairperson of the bank Parveen Haque Sikder formally inaugurated the branch, said a press release. Speaking at the inaugural function, the chairperson said...
FE ReporterSocial Investment Bank Ltd (SIBL) management, with co-operation from all concerned, achieved significant progress in all the indices of the directives of Bangladesh Bank (DOBB), said a press release.A great change has occurred in the financial base of the...
FE ReportThe Asset Management Co Ltd (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared the net asset values (NAV) of its three unit funds.The total NAV of ICB AMCL First Mutual Fund stood at Tk 15,34,39,663.07 on...
FE ReportThe Hongkong and Shanghai Banking Corporation (HSBC) Ltd, Bangladesh has launched a nationwide environmental competition through an interactive session with the high school students at the Chittagong Dastagir High School in Chittagong recently.Under the programme, the HSBC staff will...
FE ReportBASIC Bank Ltd organised a five-day training course on Credit Management for its officials at the bank's training cell in the city recently, said a press release. Managing Director (MD) of the bank AH Ekbal Hossain was present on...
The current season's sugarcane crushing programme will start today (Friday) in three sugar mills- Natore Sugar Mills, Rajshahi Sugar Mills and North Bengal Sugar Mills- under the Bangladesh Sugar and Food Industries Corporation (BSFIC).BSFIC Chairman Kabir Mohammad Ashraf Alam will...
The retail prices of most of the essentials remained almost stable in the city markets Wednesday, Bangladesh Rifles (BDR) market report said Thursday, reports BSS.The prices of different vegetables, however, declined further as the supply of winter vegetables increased in...
Our CorrespondentCHITTAGONG, Nov 08: As many as 59 organisations were penalised through launching mobile court drives at Chittagong Port (CP) during last 10 months and Tk 1.9 million (19 lakh) was realised as fine from the concerned organisations.Chittagong Port Magistrate...
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