THE fall in the prices of fuel oil, food and every other kind of consumer and capital goods in the international market have left its impact on the Bangladesh economy pulling the rate of inflation down to 6.12 per cent...
Enayet RasulGovernment leaders in Bangladesh repeatedly justified higher prices of commodities sold in local markets on their higher procurement costs in international markets. But free market principles do not say that prices should be dictated by the government to remain...
Ahmed Showkat MasudTHE significance of retail banking has been growing rapidly. Loans to individuals, small and medium enterprises (SMEs) have been treated worthy for being considered valuable and income generating sources like corporate loans to the banks. For granting loans...
Bad news is again on the horizon from the reported outbreak of the bird flu in the Indian states close to Bangladesh. With H5n1 virus again ravaging the poultry population in the Indian neighbouring states, there are strong reasons for...
THERE was a time when respecting one's elder was a thing taken for granted. Under no circumstances would you misbehave someone who was you father's age. These days, and sadly, it is not so. I witness these phenomena today as...
I only want to raise a couple of questions: how to materialize the virtual benefits of migrant remittances and what are the appropriate strategies and technology that can help us make the appropriate uses of remittances for the promotion of...
Ajitha MenonSahidun Bewa, 30, toils hard, making one arsenic filter after another with fine-tuned precision at Bara Andulia village in Nadia district, West Bengal. She earns Rs 100 (US$I=Rs50) per filter. Sahid is not driven by the money but by...
MM HaqueIn the much-hyped election campaign, the candidates are offering to do everything for the electorate if elected. Though it is natural for the candidates to do it, they should be encouraged to be realistic and promise what they can...
CAIRO, Dec 24 (Xinhua): Arab Economic, Development and Social Summit to be held in Kuwait next month would focus on the global financial crisis, infrastructure in the Arab world and social issues, coordinator general for the summit said yesterday. In...
TOKYO, Dec 24 (Reuters): Japanese Prime Minister Taro Aso tried to put a rocket under the stricken economy Wednesday, announcing the country's biggest ever annual budget, as fear mounts that Japan faces a long recession.However, the fate of the budget...
WASHINGTON, Dec 24 (AP): Several reports due Wednesday are expected to provide more evidence that consumers are cutting back on spending and companies are eliminating jobs in the face of a deepening recession.The new figures will come a day after...
WASHINGTON, Dec 24 (Reuters): President George W Bush Tuesday signed into law a measure intended to help company pension plans and retirees that have been hard hit by the financial crisis.Despite some concerns about the legislation, Bush decided that in...
DUBAI, Dec 24 (AFP): The six-nation Gulf Cooperation Council (GCC) has suspended talks with the European Union over a free-trade agreement, the GCC's secretary general said yesterday. "We have informed the European side of the suspension of negotiations on a...
BANGKOK, Dec 24 (AFP): Thailand's economy is likely to grow by between zero and two per cent next year and could contract in the last quarter of 2008 due to the global economic crisis, the finance minister said today. Korn...
SINGAPORE, Dec 24 (AFP): World oil prices were mixed in Asian trade on Christmas eve today with the current economic gloom weighing down investors' mood, analysts said. New York's main contract, light sweet crude for February delivery, rose nine cents...
MOSCOW, Dec 24 (AFP): Gas exporting states yesterday finalised the creation of a new Qatar-based forum aimed at coordinating gas policy that consumer countries fear could become the gas equivalent of oil cartel OPEC. Russian Prime Minister Vladimir Putin warned...
SINGAPORE, Dec 24 (AFP): The Singapore government said it has acquired the property interests of a US-based firm in China and Japan for 1.3 billion dollars. Government investment firm GIC said in a statement yesterday it will pay cash to...
The 6th annual general meeting (AGM) of the University of Asia Pacific (UAP) Foundation was held at a city hotel Sunday, says a press release. AA Moniruzzaman was elected chairman of the foundation at the meeting. He is also the...
BAGHDAD, Dec 24 (AFP): Iraq's power grid is not expected to be fully restored until 2011 -- eight years after the US-led invasion that toppled Saddam Hussein-the electricity ministry said yesterday. "Citizens will (by 2011) have electricity for 24 hours...
WASHINGTON, Dec 24 (AFP): The US housing market, the epicenter of the global financial crisis, saw further declines last month, according to fresh data yesterday suggesting the worst may not be over for the economy. New home sales slipped 2.9...
FE ReportThe 21st Annual General Meeting (AGM) of the Bangladesh Insurance Association (BIA) was held in the Conference Hall of the Chamber Building in the city Tuesday.The AGM was told that the total premium earning from private sector life insurance...
Bank Asia has introduced Islamic banking to meet the growing needs of the customers for Shariah-based banking, says a press release. Bank Asia Chairman Anisur Rahman Sinha launched the Islamic banking service at the bank's Uttara branch in the city...
FE ReportAdviser to the Ministry of Commerce Hossain Zillur Rahman Tuesday said the commercial banks should give the ship building sector easy access to loan to ensure smooth growth of the emerging industry.The commerce adviser said shipbuilding industry would help...
FE Report The inter-bank call money rate was steady Wednesday mainly due to injection of large amount of fresh cash into the market through repurchase agreement (repo). The US dollar was also stable against Bangladesh taka (BDT) in the inter-bank...
FE Report Commercial Bank of Ceylon (CBC) opened its second SME centre at Jubilee Road in Chittagong recently, said a press release.CBC Country Manager S Renganathan inaugurated the SME centre. Senior officials of the bank's Chittagong branch and its SME...
FE ReportPrime Bank Limited opened its 69th branch at Bhairab in Kishoreganj Monday, said a press release. Prime Bank Audit Committee Chairman and its former chairman of board of directors Imam Anwar Hossain was present as the chief guest in...
FE ReportFinance Adviser Mirza Azizul Islam has urged the government to be elected on December 29 to continue the reform activities in the National Board of Revenue (NBR) for ensuring a hassle-free tax payment environment."Our country is still largely dependent...
The 23rd annual general meeting (AGM) of Agricultural Marketing Company Limited (AMCL-Pran) has approved 28 per cent cash dividend for the year 2007-2008.The AGM was held in the city Wednesday. A large number of shareholders attended the AGM, says a...
Dutch-Bangla Bank Limited (DBBL) organised a three day-long eye camp for the poor and aged cataract patients in Khulna divisional city recently, says a press release. About 100 cataract patients have been operated successfully in the camp. Managing Director of...
FE ReportThe trading of Maksons Spinning Mills Limited and National Housing Finance and Investment Limited will begin January 1 on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). The Dhaka Stock Exchange (DSE) board in a meeting Wednesday approved...
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