Vehicular movement over the Meghna Bridge on Dhaka-Chittagong Highway will be suspended for 18 hours from 6:00pm tomorrow (Thursday) to 12:00 noon Friday. The decision was taken for emergency repair works of the bridge, said a Communication Ministry release Tuesday....
A Z M Anas The decision of British Airways (BA) to drop its Dhaka operations will have "a catastrophic impact" on Bangladesh's booming air travel industry, and also tarnish the country's image abroad, industry leaders and analysts said Monday. The...
Naim-Ul-Karim The country's tourism industry felt the pinch of the global financial tsunami and the political instability as these led to a huge drop in arrivals of foreign tourists, operators said Tuesday.They said political instability surrounding the parliamentary election, scheduled...
FE Report Agriculture credit disbursement recorded a robust growth of 37.73 per cent in the first four months of the current fiscal following some measures, including relaxation of its rules and regulations, taken by the central bank. Eight state-owned banks...
FHM Humayan KabirThe United Nations (UN) is going to organise an international conference on "financing for development" from the last week of November in Doha in a bid to find out ways to weather the global financial meltdown, officials said...
FE Report Chittagong Chamber of Commerce and Industry (CCCI) urged Tuesday the National Board of Revenue (NBR) to realise duties on the basis of present international market prices.The chamber body has claimed that as a result of valuation under old...
Pirates anchor supertanker off SomaliaNAIROBI, Nov 18(CNN): A hijacked supertanker carrying up to $100 million worth of crude oil -- the largest vessel seized to date in an escalating regional piracy crisis -- was believed to have anchored off Somalia...
THE economic meltdown that the richest nations on earth have been experiencing in recent times is gradually drawing all other economies far and near into its maelstrom. The smaller economies like Bangladesh have so far escaped the early onslaught of...
Shamsul Huq Zahid A recent Bangladesh bank report has revealed an unsatisfactory performance of the country's scheduled banks as far as their loans are concerned.The banks have the second highest interest rate spread (5.75 per cent) in South Asia, Sri...
Mokhlesur RahmanBANGLADESHIS working abroad sent home a record $829 million in July 2008, marking a 46.27 per cent growth over the corresponding period of the previous year.The remittance received in July was a new monthly record in the country's history...
Sue CameronWHAT a sad irony that Marjorie Deane, chronicler of the financial world for half a century and close confidante to the greatest names in banking, should have died at the age of 94 just as the credit crunch was...
THE existing transmission system, dilapidated as it is in many points, disrupts power supply off and on. The lack of repair and maintenance of the transmission system remains a major cause for frequent power outages in many places of the...
THE drive to free the city pavements and streets from the illegal vendors has been stopped without any reason. It is true that the present government had to face harsh criticism when it launched a massive drive to evict them...
MEDIA reports sometime ago highlighted that in the Sylhet district about 53 per cent of the distribution of khas lands remained pending while the 47 per cent of those who received khas lands against their names were undeserving persons. Locally...
Barrister M. A. Muid KhanTHE other day, my best friend asked me to write an article on how a Muslim woman could remarry the same husband without having any intervening marriage. She feels that due to the strict application of...
Professor Muhammad Raushan AliEDUCATION is the key to success. It is the single most important factor for human resource development. Education helps acquire knowledge and unfold inner potentials of an individual. An educated person develops analytical and critical faculties which...
LONDON/TOKYO, Nov 17 (Reuters): Japan became the latest major economy to fall into recession Monday with France close behind, and the International Monetary Fund (IMF) said it needed at least 100-billion-dollar to fight the billowing economic crisis enveloping the world.The...
FE Report Chairman of the International Chamber of Commerce (ICC) Victor K. Fung has welcomed the statement from the G20 Summit held on November 15 in Washington DC, for the significant initiatives agreed by the attending leaders to achieve "an...
WASHINGTON, Nov 17 (PTI): The financial meltdown will not spare any sector of the economy, but on the brighter side recovery could be just six to nine months away, Indian Finance Minister P Chidambaram has said. "There will be some...
STRASBOURG, France, Nov 17 (AFP): Africa must be consulted over any reform of the world's financial architecture, said the African Union yesterday, the after major economic powers ended their summit in Washington. "There is one problem for us, and that...
SINGAPORE, Nov 17 (AFP): Singapore, which is already in recession, could experience negative growth next year, the city-state's premier has warned. Prime Minister Lee Hsien Loong said the recession will probably last a year but beyond that there could be...
SYDNEY, Nov 17 (AFP): Australia and China have agreed to speed up work on a free trade agreement following discussions on the global financial crisis, Prime Minister Kevin Rudd has said. Rudd, who met China's President Hu Jintao in Washington...
SINGAPORE, Nov 17 (AFP): Oil prices fell in Asia today after hopes for an OPEC production cut later this month were dashed while grim economic news mounted, analysts said. New York's main futures contract, light sweet crude for delivery in...
Turkish company M/s Bensim Limited will set up a socks manufacturing industry in the Ishwardi Export Processing Zone (EPZ).The 100 per cent foreign owned company will invest US$5.70 million in the industry and will produce 8.50 million pair of socks...
KFC and Pizza Hut have successfully completed the world hunger relief campaign jointly with the United Nations World Food Programme (WFP) to provide meals to children in schools, says a press release. WFP representative in Bangladesh John Aylieff and Executive...
Our CorrespondentNILPHAMARI, Nov 17: With the advent of Aman procurement season, there are acute shortage of space in the government godowns in the district due to non-disbursement of previously procured rice and paddy.One official of the district Controller of Food...
Our CorrespondentRAJSHAHI, Nov 17: A fertiliser dealer of BCIC has been arrested with 50 bags of fertiliser while selling those in the black market at Godagari. Abu Hossain Poltu, a dealer of Chabbisnagar in Godagari was caught red handed at...
BEIJING, Nov 17 (AFP): China's demand for oil is falling sharply and inventories are surging as the global economic downturn is gradually being felt, said China National Petroleum Corp (CNPC). Production at the nation's top oil producer has been affected...
FE ReportThe global financial crisis may take its toll on the growth of country's export and remittance earnings, economists and experts observed.They made the observation at a seminar titled 'Global financial crisis, its impact and rescue programs', which was held...
FE ReportThe Shinepukur Ceramics Limited (SCL) and ACI Formulations Limited (AFL) make debut today (Tuesday) in the country's both the bourses under the direct listing regulations.The two issues will be the first private companies to be traded under direct listing...
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