The name Beautiful Bangladesh ---- many countries will object to such a declaration that Bangladesh is beautiful or more beautiful than other countries. How can Bangladesh compare its beauty to countries such as Italy, France, Spain, Thailand, England and the...
POWER crisis seems to be a fate accompli for Bangladeshis. Life and living has become difficult for so many people due to power shortage. The winter would bring some relief. But in the next summer the trouble would return. There...
Maswood Alam KhanWhat skills do you possess that might be worth sharing with someone working in your bank? I asked this question to dozens of experienced bankers in Bangladesh Krishi Bank (BKB) where I have now been working as General...
LONDON, Dec 11 (Reuters): Cracks emerged in the global effort to drag the world out of recession Thursday with Germany attacking Britain ahead of an EU summit for rushing into debt to bail out industries and pump up growth.Deflation fears...
BEIJING, Dec 11 (Xinhua): East Asian economies face "substantial" near-term downside risks but will be better positioned to deal with the global economic storm if they take proper measures, the World Bank (WB) said yesterday in its mid-year report. East...
WASHINGTON, Dec 11 (AFP): International Monetary Fund (IMF) chief Dominique Strauss-Kahn again urged governments yesterday to use spending, rather than interest rate cuts, to battle the global financial crisis. "Countries with the strongest fiscal policy frameworks, those best able to...
BEIJING, Dec 11 (AFP): China's inflation rate dropped abruptly to a 22-month low of 2.4 per cent in November from 4.0 per cent in October, the government said today, as cost increases for food and other items slowed. China began...
SAN FRANCISCO, Dec 11 (Reuters): The "nasty" US recession will tighten its grip next year as unemployment rises and weak home and stock prices imperil consumers, finance firms and debt-laden businesses, a UCLA Anderson Forecast report released Thursday said.Additionally, a...
LONDON, Dec 11 (PTI): Faced with economic downturn, a Wales-based aluminium roll company owned by Indian aluminium major Hindalco is likely to announce job cuts to cope with falling demand. Novelis, based in Newport, has started a 90-day consultation with...
LONDON, Dec 11 (AFP): The German finance minister has launched a highly unusual attack on Britain's economic stimulus package, saying it will not fend off recession but will leave the next generation saddled with debt. In an interview with Newsweek...
ADDIS ABABA, Dec 11 (AFP): The level of transparency in African countries has improved as a result of awareness and more pressure from governance watchdogs, a World Bank official said here yesterday. "Many African countries are acting on sustaining transparency...
FRANKFURT, Dec 11 (AFP): The European Central Bank's chief economist downplayed the likelihood of an interest rate cut in January, saying that after three straight reductions, the ECB's room for manoeuvre is now very limited. "Following the substantial rate decreases,...
BANGKOK, Dec 11 (AFP): The Bank of Thailand broke a long tradition Friday and declared January 2 a business holiday, creating a five-day new year break in a bid to stimulate internal tourism spending. The announcement comes as Thailand faces...
SEOUL, Dec 11 (AFP): South Korea's central bank today cut its key interest rate to an all-time low, the fourth reduction in just over two months as Asia's fourth-largest economy slows down more quickly than expected. The Bank of Korea...
LONDON, Dec 11 (Reuters): Oil rose above $45 Thursday after the International Energy Agency (IEA) predicted global growth in oil demand would resume in 2009 and Saudi oil minister said Organisation of Petroleum Exporting Countries' (OPEC) top exporter pumped less...
HANOI, Dec 11 (Xinhua): Vietnam's garment and textile industry has set target to gain an export turnover of 12 billion US dollars by 2010 under a new strategy approved by the ministry of industry and trade, the local newspaper Vietnam...
WASHINGTON, Dec 11 (AFP): The United States yesterday welcomed Taiwan's membership in a WTO procurement agreement, saying it would assure US suppliers access to a market worth about 20 billion dollars annually. "We are very pleased that we have been...
NEW DELHI, Dec 11 (AFP): Indian car sales posted their biggest annual fall in eight years yesterday, highlighting the downturn in Asia's third-biggest economy as automakers raced to cut prices to lure buyers. Domestic passenger-car sales tumbled 19.38 per cent...
NEW DELHI, Dec 11 (PTI): Indian firms are ranked as the fourth-worst bribe payers across the world, with companies based in emerging economies routinely engaging in bribery while doing business abroad, says a report. According to civil society organisation Transparency...
GENEVA, Dec 11 (AFP): World Trade Organisation (WTO) Director-General Pascal Lamy seems set on clinching a global trade pact by Christmas but some analysts question if a Doha deal would be the best gift for the world economy in these...
TOKYO, Dec 11 (AFP): Japan will more than double the amount of currency that it is ready to provide to South Korea in return for the won in the event of a deepening financial crisis, reports said today. The Japanese...
TOKYO, Dec 11 (AFP): More than a third of Japanese companies have laid off workers or taken other steps to reduce labour costs over the past three months to cope with the economic crisis, a survey showed. Some 35 per...
TOKYO, Dec 11 (AFP): Japan's third largest bank, Sumitomo Mitsui Financial Group, said today that it would raise 5.8 billion dollars from investors to shore up its finances during the economic crisis. Sumitomo Mitsui said it would sell preferred securities...
Kayes M SohelThe South Asian Federation of Exchanges (SAFE), a platform of South Asian capital markets, is expected to launch a unified regional index by mid-2009 to promote the region as a lucrative investment destination.The SAFE activities has been going...
FE Report Principal branch of Mutual Trust Bank Limited (MTB) was shifted to WW Tower, 68, Motijheel in the city recently in order to cater to better banking support among its customers. MTB Managing Director Kazi Md Shafiqur Rahman was...
FE Report The inter-bank call money rate marked sharp rise Thursday on cash flow constraint in moderately active market and rose to its peak at 20.00 per cent despite injection of fresh cash. The US dollar, however, maintained its stable...
FE Report Pubali Bank Training Institute organised a seminar on 'Manager and his Job' for branch managers and senior executives of the bank at its head office in the city recently. Pubali Bank Managing Director Helal Ahmed Chowdhury was present...
The board of directors of LankaBangla Finance approved the proposal of replacement of two nominee directors of Sampath Bank through induction of I.W. Senanayake and G.L.H. Premaratne, chairman and managing director respectively of Sampath Bank as members of the board....
FE ReportTwo small and medium enterprise (SME) service centres of Islami Bank Bangladsesh Limited (IBBL) were inaugurated at Bandura of Nawabganj and Dakbangla Bazar of Jhenaidah recently. Nawabganj Upazila Nirbahi Officer (UNO) Md Jillur Rahman Chowdhury and Jhenaidah Additional Deputy...
Infrastructure Development Company Limited (IDCOL), a state-run non-bank financial institution, Sunday paid a dividend of Tk 40 million (4.0 crore) to the national exchequer for the fiscal year 2007-08, reports UNB.Economic Relations Division (ERD) Secretary Mohammed Mosharraf Hossain Bhuiyan handed...
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