FE ReportA New Zealand-US joint-venture (JV) company is likely to start working on the design for the proposed Padma Bridge next month as it has agreed to do the job at a cost of US$16.5 million, officials said Wednesday.The government...
FE ReportModerate to dense mist persisted and occasional chilly wind lashed across the country Wednesday disrupting communications and affecting normal life of the people.Officials of the Meteorological department said moderate to deep fog has blanketed the western and central regions...
FE ReportChief Adviser (CA) Fakhruddin Ahmed termed Wednesday the record 33-million tonnes of annual foodgrain output in the country one of the major achievements during the regime of his interim administration."Achieving an output of over 33 million tonnes of foodgrains...
Doulot Akter MalaThe National Board of Revenue (NBR) will award 30 top income taxpayers of six divisional cities on December 24 on the basis of highest payments of tax and for long period of tax payment. The NBR has selected...
From Fazle Rashid NEW YORK, Dec 17: The US Federal Reserve in a dramatic move yesterday brought down the interest rate to zero and made its intention clear that it would pump in as much money as required in the...
FE Report Finance Adviser AB Mirza Azizul Islam has called upon the members of the Civil Service Audit and Accounts cadre to discharge their responsibilities properly so that optimum utilisation of the country's public resource is ensured. Dr Mirza Aziz...
The remittance sent by the growing number of Bangladeshi workers has proved to be one of the two main pillars on which the country's macro economic stability is so much dependent. The highest ever recorded flow of remittance in fiscal...
Enayet RasulEVEN in the mid nineties, the level of powdered milk import was a reasonable one. The expenditure on imports for powdered milk was about Taka 2.2 billion in 1996. Thus, the costs of imports on this score have increased...
Israt FerdousiAT first it did seem to have its novelty value. But now it is beginning to become irritating, if not a little alarming. We are speaking about the canvassing for votes that goes on in different neighbourhoods. The cacophony...
IT is unacceptable that the Election Commission has refused to register FEMA, the most experienced organisation to do election monitoring. The entire country knows FEMA since 1996 as the most credible organisation working for free and fair elections.Many concerned citizens...
THE garment owners have been depriving their workers since long. A UK-based charity, War on Want, stated that textile workers in Bangladesh who make clothes for Primark, Asda and Tesco are paid as little as seven pence an hour as...
IT is very unfortunate that none of the political parties, in their manifestoes, has given importance to women's demand for political empowerment. The first 10 priority areas of their manifestoes are silent about women's social and economic development. Only a...
THE yearning for long life and the greed for earthly gains are making people crazy.Everyone should refrain oneself from greed. It would keep them away from the wrong path. It would be particularly good for everyone to remember, while getting...
M. A. Muid KhanTERRORISM requires a global response. The recent terrorist attacks in Mumbai reinforced the world community's determination to combat terrorism. Following the attack, the leaders from various parts of the world pledged "full support" to India in unearthing...
Md. Masum BillahELECTION, a means to achieve democracy, is not an end in itself. Bangladesh's nascent democracy suffered a lot in the hands of the politicians. After a lapse of two years Bangladesh is going to have its ninth parliamentary...
WASHINGTON, Dec 17 (AFP): The US Federal Reserve slashed its key interest rate to virtually zero yesterday to counter deflation and a global financial crisis as European governments braced for deeper recession. The central bank's Federal Open Market Committee lowered...
COSTA DO SAUIPE, Brazil, Dec 17 (AFP): Latin American presidents today were to wrap up a two-day summit in Brazil dominated by deep concern over the accelerating global economic crisis. The meeting of leaders of 33 Latin American and Caribbean...
BEIJING, Dec 17 (AFP): China warned today it would not keep lending money to the US economy indefinitely, even as new data showed it had consolidated its position as the top buyer of American government bonds. "China's increased purchase of...
MUSE, Myanmar, Dec 17 (Xinhua): The annual Myanmar-China border trade fair, which is the eighth, is due to open later today in the Muse 105th mile border trade zone on the Myanmar side aimed at promoting the bilateral trade between...
RIYADH, Dec 17 (AFP): Saudi Arabia's central bank yesterday slashed its key interest rate by 0.5 per cent as the world's largest oil exporter feels the repercussions of the global economic slowdown, bankers said. The Saudi Arabian Monetary Agency (SAMA)...
HONG KONG, Dec 17 (AFP): The Hong Kong Monetary Authority today cut its key interest rate by 100 basis points to 0.50 per cent, following the US Federal Reserve's slashing of its base lending rate to virtually zero. The de...
ORAN, Algeria, Dec 17 (AFP): OPEC was set today to announce a significant cut in oil output as the cartel seeks to support plummeting crude prices and producers' incomes, while non-OPEC oil exporter Russia may also slice production. The Organisation...
WASHINGTON, Dec. 17 (Xinhua): Consumer prices in the United States fell by 1.7 per cent in November, the largest one- month decline dating to February 1947, as energy costs dropped sharply, the Labor Department reported yesterday. The November drop in...
Our Correspondent JOYPURHAT, Dec 17: Blacksmiths in Joypurhat are passing their days in economic hardships with the slump in their business, though they are essential partner of our socio-economic development. Many of them in the district have left their traditional...
FE ReportThe Dhaka Stock Exchange (DSE) listing sub-committee has approved the listing of two issues - Maksons Spinning Mills Limited and National Housing Finance and Investment Limited.The approval came at the meeting of DSE listing sub-committee held recently.The committee has...
Dutch-Bangla Bank Limited has opened an ATM booth of the bank at Khulna University Campus to facilitate 24 hours banking services for its customers, says a press release. Vice Chancellor of Khulna University (KU) Syfuddin Shah inaugurated the booth Monday....
FE Report The inter-bank call money rate rose slightly Wednesday despite injection of fresh cash through repurchase agreement (repo). The US dollar, however, remained steady against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to strong demand for...
FE ReportCitibank, N A, one of the leading global financial conglomerates working in the country, formally launched its Direct Custody and Clearing (DCC) services in Bangladesh Monday. Citibank will be able to channel more portfolio investments into the Bangladesh's growing...
FE ReportBangladesh Export Import (EXIM) Bank Ltd held Eid reunion programme at Pan Pacific Sonargaon in the city recently, says a press release. Chairman of EXIM Bank and Bangladesh Association of Banks (BAB) Md. Nazrul Islam Mazumder handed over a...
The Commercial Bank of Ceylon (CBC) was awarded the Platinum Award as the joint overall winner at the prestigious Best Presented Accounts Awards of the South Asian Federation of Accountants (SAFA). The bank was also confirmed its leadership in financial...
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