FE Report The Bangladesh Bank (BB) has opened a special window for providing credit support to nationalised commercial banks (NCBs) to help import petroleum products by the Bangladesh Petroleum Corporation (BPC).The central bank issued an offer letter to the Agrani...
Raphael Minder, FT Syndication ServiceDUSHANBE (Tajikistan): Four countries are expected to give the green light this month to a project that would lead to the first significant electricity transfer from central Asia and help resolve seasonal power shortages in Pakistan...
FE Report The Bangladesh Bank (BB) again intervened in the inter-bank foreign exchange market Tuesday. The central bank sold US$20 million at market rates to two commercial banks on the day to meet the growing demand for the greenback, official...
Akbar Ali Khan, chief of the Regulatory Reforms Commission, said Tuesday that non-governmental organisations (NGOs) must go through massive reforms to benefit the poor, reports bdnews24.com. Khan, a former bureaucrat and adviser to the caretaker government, was critical of the...
FE ReportThe Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has taken a number of steps to tap potential overseas apparel markets.Salam Chowdhury, chairman of the Trade Fair of the BGMEA, said while exchanging views with newsmen at the premises of...
Jasim Uddin Haroon The turnaround time of vessels at the country's premier Chittagong port has considerably been reduced in October as a result of speedy handling of export-import cargo.The turnaround time or stay-time of vessels, which begins from the arrival...
FE ReportAir Slovakia, a Slovakian airline, announced Tuesday operation of its commercial flight linking Dhaka once a week.The airline will start its flight on December 6 on the route -- Dhaka to London-Bratislava-Vienna-Bologna (Italy). Flight fare from Dhaka to London...
FE ReportStock prices slightly declined Monday on the Dhaka Stock Exchange (DSE) is the investors decided to exercise caution following the suspension of trading of Rupali Bank shares.The DSE management decided that the trading of the Z-category Rupali Bank share...
FE ReportThe Securities and Exchange Commission has cancelled more than 100,000 Beneficiary Owner (BO) accounts, primarily for the failure to pay the annual 'maintenance' fee within September 30 last by the account holders concerned, according to sources.Some BO accounts were,...
A Z M AnasAs part of an alternative strategy, the government is likely to go for a fresh international tender to help attract "authentic" bidders for Rupali Bank if the proposed sell-out of the largely state-owned bank is further delayed....
FE ReportNational Board of Revenue (NBR) Chairman Muhammad Abdul Mazid said Monday the board will take adequate steps to help restore business confidence.He said the board has been expediting the process to solve the problems relating to frozen accounts of...
Detained BNP chairperson Khaleda Zia has sent a message through her lawyer Shamsur Rahman Shimul Biswas, saying that Khandaker Delwar Hossain is the party's secretary general, reports UNB.BNP Acting Office Secretary Rizvi Ahmed on behalf of Shimul Biswas conveyed Khaleda's...
Jude Webber in Buenos Aires and Javier Blas in London, FT Syndication ServiceArgentina is set to restart its wheat exports, which were halted in March to guarantee supplies for the domestic market, in a move that could help to ease...
Ending all speculations, the Election Commission (EC) eventually sent its letter to Maj (retd) Hafizuddin Ahmad inviting the reformist faction of BNP to sit for dialogue on electoral reforms, leaving their rivals on the sidelines, reports UNB."The Commission has unanimously...
Acting president of Awami League (AL) Zillur Rahman Monday demanded that his party chief and ex-Prime Minister (PM) Sheikh Hasina be set free as he said she won't go into hiding if released, reports UNB."To grant bail to Sheikh Hasina...
FE Report The Bangladesh Bank (BB) has cleared the Social Investment Bank Limited (SIBL), a private commercial bank, from its list of problem banks for achieving significant improvements in its financial position.The central bank issued a letter to the SIBL...
FE Report The election of the Federation of the Bangladesh Chambers of Commerce and Industry (FBCCI) has been deferred further, following the extension of the period of stay order by the High Court (HC) for one month ending December 4...
Detained former prime minister Khaleda Zia, in a writ filed in the High Court Monday, challenged the refusal of NBR to accept her income tax on undeclared income. The petition said, she had deposited Tk 9,45,000 as tax on her...
The government has appointed former secretary Golam Rahman chairman of Bangladesh Energy Regulatory Commission (BERC) to a three-year contractual term. An official announcement Monday said, "The appointment was given as per the BERC Act 2003." He replaced acting chairman Khalilur...
Six people, including five children, died of an unknown disease, while over 100 people were affected at Lathi village in Goainghat upazila under Sylhet in three days since Saturday. The dead were identified as Hena Begum (5), Mostafa Begum (28),...
Shakhawat Hossain The central bank, handicapped by lack of proper laws to bring back siphoned-off money, has inquired about the delay in adoption of Money Laundering Prevention Act 2007, sources said.It has made the query as three months have elapsed...
FE ReportThe Westin Dhaka, the country's new luxury hotel, is now in full operation with a cent percent occupancy rate."All our 241 spacious guest rooms and suites are now fully booked and it's amazing that the resounding success came within...
FE Report The Bangladesh Bank (BB) has instructed the commercial banks for raising their total capital - paid-up and reserve - to Tk 2.0 billion from the existing Tk 1.0 billion in two phases within June 2009, official sources said....
Rapid Action Battalion (RAB) in a raid on the Gulshan residence of the alleged Yaba dealer Shafiqul Islam Jewel early Monday seized huge Yaba tablets, Phensidyl syrup, porno CDs and a luxurious car, reports UNB. RAB sources said, they arrested...
FE Report The country received remittances worth more than US$2.0 billion in the first four months of the current fiscal, which marked a 28.36 per cent growth over that of the same period of the last fiscal, official sources said....
Work on preparing voters' list with photograph and national ID card will begin in the capital on November 10 as the Election Commission (EC) undertakes the toughest task under a countrywide voter-roll scheme, reports UNB . "All preparations in this...
FE ReportThe Chief Adviser has asked the Economic Relations Division (ERD) to submit a report on the present status of funds pledged by donors against different development projects in the pipeline and procedural obstacles, if there is any, by November...
Naim-Ul-KarimSupply shortfall of some life-saving drugs, coupled with the surge in their prices, has created untold sufferings of the patients over the last few weeks in the city.Market sources said scarcity in supply of essential drugs has reached an alarming...
FE ReportThe US dollar slipped further against the Bangladesh taka (BDT) Monday in the inter-bank foreign exchange market with increased inflow of the greenback, fund managers said.The inter-bank call money rate, on the other hand, was steady despite withdrawal of...
The two-day fifth meeting of Bangladesh-India Joint Working Group on Trade began in the city Monday to discuss issues including removal of non-tariff and para-tariff barriers to trade between the two countries, reports UNB.Senior trade officials from the two countries...
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