FE Report Chairman of National Board of Revenue (NBR) Muhammad Abdul Mazid Sunday said that the existing stringent system for importing raw materials for plastic goods manufacturing industry will be relaxed in phases. The NBR chairman was addressing the inaugural...
Finance Adviser Dr Mirza Azizul Islam said Sunday that the inflow of World Bank (WB) assistance beyond 2008-09 has become uncertain as the country is not prepared with project proposals for seeking fund support, reports UNB."The World Bank assured that...
Jamaat-e-Islami Ameer Matiur Rahman Nizami, Secretary General Ali Ahsan Mohammad Mujaheed and BNP standing-committee member Saifur Rahman were released Monday from jail on bail in Barapukuria coalmine graft case, reports UNB.DIG (Prisons) Maj Shamsul Haider Siddiqui said Nizami and Mujahid...
The government has extended the parole of BNP Chairperson Khaleda Zia's younger son Arafat Rahman Koko, who is undergoing treatment abroad, by two more months until January 16, 2009, reports UNB. A Home Ministry order Sunday said Koko's parole had...
A special judge's court dealing with high profile corruption cases Sunday sentenced ATM Najimullah Chowdhury, suspended Bangladesh ambassador to the United Arab Emirates (UAE), to five years in prison for embezzlement of state funds, reports UNB.The trial court also fined...
There are umpteenth reasons why energy supply should be accorded the highest priorities in actions and planning by the government that will come to power following the general election. The urgency to both augment energy supply and plan neatly for...
There are umpteenth reasons why energy supply should be accorded the highest priorities in actions and planning by the government that will come to power following the general election. The urgency to both augment energy supply and plan neatly for...
Shahiduzzaman KhanTHE conversion of the Adamjee Jute Mills (AJM) to an export-processing zone (EPZ) was a remarkable event for at least one simple reason -- it is a great example of the reallocation of resources, which lies at the heart...
Mohsin AliA large number of the handloom units have reportedly been closed down in the Narsingdi district. This region, once known as the Manchester of Bangladesh for its handloom textiles, is now but a shadow of its golden past. Media...
Dr Fakhruddin Ahmed, the head of the Caretaker Government (CTG) expressed clearly at the BIMSTEC meeting New Delhi that the forthcoming Parliamentary Election (the election) will be held on December 18, 2008 in accordance with the road map. Former Prime...
THE whole nation now looks forward to the next national election to restore democracy. We want democracy but at the same time we want to see the nation more disciplined. Public security and safety can not be compromised for the...
Robert B. Zoellick THE summit of G-20 leaders and the G-20 meeting of finance ministers last weekend have begun to lay a productive foundation of discussion, input, and agreement. What matters now are the follow up actions.People are looking to...
Professor Muhammad Raushan AliIf we do factor-analysis of the problems that we are facing in Bangladesh now, we are likely to reduce them into two. These two factors are: (1) human resource development (HRD)-related problems, and (2) human resource management...
WASHINGTON, Nov 16 (AFP): World leaders pledged here yesterday to seek a framework agreement on a stalled new global trade deal by the end of the year as part of a strategy for countering the financial crisis. The Doha round...
TOKYO, Nov 16 (AFP): Japan probably avoided a recession in the third quarter of this year, but Asia's biggest economy looks set to shrink in 2009 as the financial crisis bites, analysts predict. Gross domestic product figures due Monday are...
STRASBOURG, France, Nov 16 (AFP): As the world's major economic powers sought ways to reverse a looming global recession, African leaders urged them not to forget their impoverished continent as it battles the crisis. "Africa and other developing regions of...
HANOI, Nov 16 (AFP): Vietnam, like much of the world, is trying to stimulate its economy amid the global downturn, but it is in a quandary because it must also keep rampant inflation from flaring up again, say experts. With...
WASHINGTON, Nov 16 (Reuters): Saudi Arabia has no plans to offer extra funds to the International Monetary Fund (IMF), Finance Minister Ibrahim al-Assaf said Saturday, quashing speculation it would offer cash to help the IMF battle the global financial crisis."There...
WASHINGTON, Nov 16 (Xinhua): Brazilian President Luiz Inacio Lula da Silva yesterday urged the developed countries to resolve their own problems, saying this is the best solution to preventing the current financial crisis from spreading. "The best solution for the...
LIMA, Nov 16 (AFP): The crisis plunging the world into a recession is to dominate an Asia-Pacific Economic Cooperation (APEC) summit in Peru next weekend, along with efforts to firm up an international response to the turbulence. The November 21-23...
WASHINGTON, Nov 16 (AFP): The White House yesterday firmly rejected pumping more aid into struggling US automakers out of the 700-billion dollars earmarked for an economic bailout plan earlier in this year. "We want to see legislation passed at this...
WASHINGTON, Nov 16 (PTI): The World Bank has said it will give a loan of USD 100 billion this year to developing nations and India can draw an additional USD three billion annually for three years. Disclosing this, Planning Commission...
Our CorrespondentCHITTAGONG, Nov 16: Prices of iron products did not register any significant fall in the markets of the district despite decline of iron price in both international and local markets. There is no scarcity of the raw materials for...
Our CorrespondentJOYPURHAT, Nov 16: Aman and Boro production target this year may fail in Joypurhat due to various problems. Department of Agriculture Extension (DAE) sources said Aman has been cultivated in 73 thousand 8 hundred and 85 hectares of land...
Commercial Bank of Ceylon (CBC) has relocated its corporate branch and head office to Hadi Mansion, 2 Dilkusha in the city Sunday, says a press release. CBC Managing Director AL Gooneratne inaugurated the new premises where Sri Lankan High Commissioner...
M Azizur RahmanThe delay in launching offshore bidding and subsequently awarding the prospective oil and gas blocks for exploration has prompted the neighbours to encroach on the country's sea territory over the past several years, said officials.Bangladesh had initiated the...
Our CorrespondentCHITTAGONG, Nov 16: A good number of vessels arriving at Chittagong Port are being compelled to go elsewhere for docking and repairing purposes as there is no adequate dry dock here. The country is therefore being deprived of earning...
FE ReportThe state-owned national flag carrier, Bangladesh Shipping Corporation (BSC), earned Tk 2.34 billion (Tk 233.57 crore) during the fiscal year 2007-08.According to sources in the Ministry of Shipping, the national shipping service providing corporation during the fiscal 2006-07, earned...
Pubali Bank Ltd Managing Director Helal Ahmed Chowdhury said the bank has fixed very low interest rate against loans, which appears to be the lowest in this competitive market position. He was speaking as the chief guest of a workshop...
Rahimafrooz Superstores Limited, the operator of chain superstores Agora, has signed a memorandum of understanding (MoU) with Omni Farms, a leading vegetable, fruit and flower farming company of the country, to get supply of high-quality and fresh vegetables.Managing Director of...
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