Microsoft Windows Vista is starting to see mass adoption from businesses nearly a year after it was released, the company said while predicting a strong first holiday season for the product."We feel like we are starting to hit our stride...
FE Report The World Bank (WB) Saturday said it will scale up lending, including budgetary support, for Bangladesh, providing rich nations commit increased funds for its concessional lending arm that provides soft loans to the poorer nations. The global lender...
Pakistani President Pervez Musharraf declared a state of emergency on Saturday ahead of a crucial Supreme Court decision on whether to overturn his recent election win and amid rising Islamic militant violence, according to HAARETZ.com. Eight Supreme Court judges immediately...
Zaidi SattarValue judgments and other caveats aside, one universal yardstick for measuring economic performance is the annual growth rate of the economy's Gross Domestic Product (GDP) - a measure of the value of goods and services produced in the economy...
Chief Adviser (CA) Fakhruddin Ahmed Saturday told the visiting chair of the Board of Directors of Transparency International (TI), a global anti-graft watchdog, that reforms basically reduced the scope of corruption and strengthened the foundation of democracy, reports UNB."All reforms...
BNP acting secretary general Maj (retd) Hafizuddin Ahmad Saturday dismissed the report that chairperson Khaleda Zia had rejected the new committee headed by Saifur Rahman, reports UNB. "She (Khaleda) is in prison and has no scope of discussing politics with...
Equipped with their own set of proposals, including EC's judicial power and procedure of appointing Election Commissioners, Bangladesh Awami League sits with the Election Commission today (Sunday) to discuss the EC-designed electoral reforms, reports UNB.A 10-member AL delegation led by...
Shakhawat Hossain The National Board of Revenue (NBR) has finally taken the much-awaited move to appoint an international firm to audit the operations of the Pre-Shipment Inspection (PSI) companies, sources said.It has contracted an international firm to audit the operations...
Rapid Action Battalion (RAB) seized over 50,000 fake honours and masters degree certificates of Chittagong University (CU) and National University (NU) from a house at Pahartoli Bazar area in the port-city Saturday. RAB members also arrested Md Ismail Khan in...
Manpower Minister of Oman Dr. Juma bin Ali bin Juma Al Juma will visit Bangladesh in the first week of December in response to an invitation of Foreign Adviser Dr Iftekhar Ahmed Chowdhury. "This visit will be very important, as...
RAB members seized four Russian grenades and 300 bullets from Baghol village under Ishwardi Upazila in Pabna district early Saturday. Acting on secret information, a team of RAB-12 raided the village, and recovered the grenades and bullets in a wooden...
Naim-Ul-KarimThe country's booming pharmaceutical industry that aims to fetch Tk 50 billion through exports by 2015 might face a setback unless the sector's interest in production of patented drugs is protected in line with the WTO declaration, sources said.The World...
Refayet Ullah MirdhaThe once booming real estate sector of the country is facing a decline in its growth over the last one year, following erosion of confidence among buyers, price-hike of raw materials and escalation of land price.Market operators said...
FE ReportA government delegation will leave for Manila today (Sunday) to negotiate a US$ 17.6 million loan to be provided by the Asian Development Bank (ADB) for preparing the detailed design of the proposed Padma bridge, official sources said.The negotiations...
FE Report Citigroup, the world's largest financial services company, announced a US$570,000 Citi Foundation grant to further support the development of the microfinance sector in ten Asian countries by partnering with the Foundation for Development Cooperation and the Banking with...
Siddique Islam Bangladesh has started reviewing the size of negative list of products aiming to protect local industries and revenue earnings in line with the on-going BIMSTEC (Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation) trade negotiations. A...
FE Report The Bangladesh Bank (BB) will start holding consultations with commercial banks and local trade bodies from today (Sunday) on how to boost imports through encouragement.The central bank earlier asked its seven branch offices to arrange such meetings to...
M Azizur RahmanThe fifth meeting of the Joint Working Group (JWG) on trade between Bangladesh and India kicks off tomorrow (Monday) in Dhaka aimed at augmenting bilateral trade between these two countries.The commerce ministry sources said Bangladesh will request India...
Andrew England, FT Syndication ServiceRIYADH: An unprecedented construction boom is gaining momentum in Saudi Arabia with a raft of highly ambitious, multibillion-dollar projects to upgrade infrastructure and meet pressing social challenges beginning to have an effect.The boom may be less...
Visiting European Union (EU) Parliament member Robert Evans had expressed the hope that the caretaker government (CG) would be able to hold a free, fair and credible election 'as soon as possible, reports UNB.' "We are watching the situation in...
In the headline of a front-page story published in our November 03 issue, BPC's possible loss this fiscal was mentioned as $13 billion. Actually, the amount will be in Taka. The inadvertent mistake is regretted.
FE Report A five-member high-powered Saudi government delegation led by a senior official of the Ministry of Finance, arrives in the city tomorrow (Monday).Sources said the purpose of the visit is to monitor the ongoing flood relief and rehabilitation programmes,...
Inspector General of Police (IGP) Noor Mohammad was scheduled to leave the city Saturday night for Morocco to attend the 76th annual general conference of Interpol, reports UNB. Over 500 representatives from 186 member-countries of the international police organisation will...
Acting Awami League chief Zillur Rahman told the Election Commission Sunday that releasing party chief Sheikh Hasina from jail was necessary for free and fair elections. He demanded that the state of emergency be withdrawn without delay. "You have yourself...
FE Report Transparency International (TI) has played down the fear that the "hurried" crackdown on corruption could drive down the country's economic growth and erode business confidence, saying geo-politics might have something to do with that. " … Something else...
FE Report The Bangladesh Petroleum Corporation (BPC) has sought US$ 100-million worth of funds from a state-owned commercial bank to foot its fuel oil import bill, sources said. "A process is on for early release of the said amount of...
FE ReportThe production of polyester and viscose staple blended fibre in the country declined by 50 per cent over the last five months as the entrepreneurs switched over to manufacturing other products following budgetary implications and high cost of raw...
FE ReportWorld Bank (WB) President Robert B Zoellick arrives in Dhaka this (Saturday) afternoon on a two-day visit to Bangladesh.During his visit, Zoellick will hold talks with Chief Adviser Fakhruddin Ahmed and Finance Adviser Mirza Azizul Islam.The WB chief will...
Doulot Akter MalaThe Power Development Board (PDB), hamstrung by liquidity problem, has been in difficulty to clear gas bills to the Petrobangla, the state-owned gas, oil and mineral corporation.The PDB, the lone state-owned power distributing entity, owed the Petrobangla in...
FE ReportThe introduction of book-building system in the country's primary stock market is yet to take shape due to lack of efforts of both the stock exchanges and the Securities and Exchange Commission (SEC).The book-building system is a modern method...
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