FE ReportThe US dollar posted slight gain against the Bangladesh taka (BDT) Tuesday in the inter-bank foreign exchange market although the demand for the greenback was stable, fund managers said.The inter-bank call money rate also remained unchanged despite withdrawal of...
The government Tuesday asked the garment owners to pay wages and Eid bonus to their workers by tomorrow (Thursday) to avert any unpleasant situation before Eid-ul-Fitr, reports UNB."We want to avoid any sort of unwanted situation before Eid, pay wages...
M Azizur RahmanThe French oil giant Total is set to begin its Bangladesh operations for hydrocarbon exploration in its designated gas blocks in the Bay of Bengal from November this year."Total has already submitted its work plan to Petrobangla regarding...
The press box roof of Bangabandhu National Stadium (BNS) collapsed Monday night, some three-hours after the World Cup pre-qualifying tie between Bangladesh and Tajikistan, reports bdnews24.com. The roof breakdown however left none hurt at the empty box that was packed...
The Securities and Exchange Commission (SEC) is set to investigate the share-related dealings of two merchant banks and as many brokerage firms, a senior official said Tuesday, reports bdnews24.com. The stock market regulator is concerned about share transactions of the...
Jamuna Group chairman Nurul Islam Babul Tuesday was acquitted in three cases on charges of fraud, land grab and issuing death threats, reports bdnews24.com. Babul was accused along with his wife and son in two cases but was the sole...
FE Report Prices of soda silicate, a chemical, increased by around 400 per cent over the past few days in the local markets.Soda silicate is a raw material for manufacturing different kind of boards that are used for making cartons,...
FE Report The Ministry of Information recently sought information on the business activities of international news agencies operating in the country from the National Board of Revenue (NBR) and the Board of Investment (BoI), sources said.An assistant secretary of the...
In defence of the standby modeAlan Cane, FT Syndication ServiceThe need for consumers to turn appliances off rather than leave them in standby mode may be rendered obsolete by technology.Scientists at the Cologne Institute for Economic Research have calculated the...
With the advancement of telecommunications technology, the volume, speed and ease of information transfer over long distances have increased manifold. What is more reassuring is that all these improvements have also been accompanied by appreciable reduction in costs. Of all...
Enayet RasulTHE readymade garments (RMG) industries of Bangladesh together with remittances from overseas Bangladeshi workers, are the twin pillars supporting the Bangladesh economy. Sound performance in both of these sectors is crucial for the basic macro economic stability of Bangladesh....
Mujibul HaqueThe high profile activities of the present caretaker government against corruption has earned wide attention and appreciation. But it is also asked whether the on-going drive and the application of laws and courts against the corrupt ones would prove...
Amy Yee INDIA'S government has launched a plan to offer health, life and disability insurance to some 400m working poor as it tries to deliver on its promise of a "New Deal" for rural India. P. Chidambaram, India's finance minister,...
IT is highly important to nominate honest and capable candidates for the coming national elections in order to help promote the values and norms of good governance. In the absence of this, it would be business as usual with the...
AT present the number three cautionary signal for the sea-ports are not so effective for the poor fishermen of our country. The unscrupulous and needy fishermen with their wooden-bodied fishing trawlers do not care for this signal. But the sea...
Maswood Alam KhanFaltita is a remote village of 200 families most of whom belong to Hindu community. One of 19 villages of Mulghar Union under Fakirhat Police Station of Bagerhat District, Faltita village is dotingly called 'Kuwait of Bangladesh'. Indeed,...
Abul Kashem Md. Shirin The payment gateway is a fast, secure and transparent payment vehicle. It provides safeguard to the banks, service providers and customers against fraud, embezzlement, money laundering, theft and cheating. Establishing the payment gateway in Bangladesh is...
LUXEMBOURG, Oct 9 (AFP): Eurozone finance ministers yesterday ratcheted up pressure on China to adjust the value of the yuan although they struggled with differences over the strength of the euro. The ministers, gathered in Luxembourg, thrashed out a common...
GENEVA, Oct 9 (AFP): The United States holds the key to the success or failure of World Trade Organisation (WTO) talks aimed at liberalising global commerce and boosting developing countries, the French foreign trade minister said yesterday. "There is a...
SOFIA, Oct 9 (AFP): Bulgaria's government is striving to improve competitiveness and maintain stability while facing a wave of demands for salary increases less than a year after joining the European Union as its poorest member. Schools and nurseries across...
YANGON, Oct 9 (AFP): Myanmar's military government today accused pro-democracy protesters of derailing the economy of the impoverished nation, saying their mass rallies "made the people poorer." "Stalls, restaurants and shops had to be closed" during the protests, said the...
MUMBAI, Oct 9 (PTI): India and South Africa are aiming to treble the bilateral trade between the two countries to USD 12 billion by 2012. "Prime Minister Manmohan Singh has set the target of USD 12 billion for bilateral trade...
JAKARTA, Oct 9 (AFP): Indonesia's actual domestic and foreign direct investment in the first nine months of 2007 rose 115 per cent from a year before to 109.73 trillion rupiah (12 billion dollars), officials said today. National Investment Coordinating Board...
SHANGHAI, Oct 9 (AFP): Retail sales in China during the week-long National Day holiday from October 1 totalled nearly 350 billion yuan (47 billion dollars), up 16 per cent from a year earlier, state media said today. The growth rate...
SINGAPORE, Oct 9 (AFP): World oil prices continued their falls in Asian trade today as the market focussed on rising supply and a stronger US dollar, dealers said. New York's main oil futures contract, light sweet crude for delivery in...
SHANGHAI, Oct. 9 (Xinhua): China's soybean sowing area is 8.8 million hectares in 2007, a decrease of 480,000 hectares or 5.17 per cent from the 9.28 million hectares in 2006, according to the latest statistics published by the State Grain...
TOKYO, Oct 9 (AFP): The dollar moved in narrow ranges against other major currencies in Asian trade today as investors awaited fresh clues on the Federal Reserve's next interest rate move, dealers said. They said last week's stronger than expected...
BEIJING, Oct 9 (AFP): Nearly 80 per cent of China's food processing companies have received production licences, state media said today, in an apparent bid to address overseas concerns about product safety. A four-month food safety campaign, launched in late...
FE Report Bangladesh will receive a total of US$124.26 million credit and grant from World Bank (WB) and the Netherlands for water resources management and Avian and Human Influenza Facility (AHIF) programmes, said a press release. Out of the US$124.26...
The 7th annual general meeting of ICB Asset Management Company Limited (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), was held at its head office in the city Monday.The meeting was presided over by Chairman of the board...
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