SOME amendments to the Banking Company Act of 1991 that are expected to be made effective soon through the promulgation of an ordinance by the President, among others, do propose to increase the existing paid up capital of banking institutions...
Shahiduzzaman KhanBANGLADESH is among the eight least developed countries (LDCs) that have been given the International Atomic Energy Agency (IAEA) approval for setting up a nuclear power plant by 2050. Most of the Bangladeshis are happy to know the decision....
Jacques Diouf MUCH of the current debate on bioenergy, focusing on negative aspects such as sharply increased food prices and erosion of biodiversity, obscures the sector's huge potential to reduce hunger and poverty.If we get it right, bioenergy provides us...
Aunohita Mojumdar THIS year's opium harvest in Afghanistan is projected to reach a record high, up 34 per cent on 2006, with Helmand province 'single-handedly' becoming the world's largest source of illicit drugs, the United Nations Office on Drugs and...
THE chief minister of the Indian state of Uttar Pradesh has frustrated us. After the recent bomb blasts in Hyderabad, he took no time to point his accusing finger at the so-called Islamic fundamentalists of Bangladesh and Pakistan for the...
I may have exaggerated a little bit calling her 'soul'. Since Bangladesh was not the country she has been promoting for herself but for all of us, the description is not too wrong. Her songs provide a rhythm and music...
Ambereen Choudhury from LondonLike the rebellious Roman slaves who vowed to save their leader by declaring ``I'm Spartacus,'' the contested sale of ABN Amro Holding NV has 19 investment banks each insisting it is advising the would-be winner in the...
Mario de Queiroz from LisbonThere are not enough doctors in Portugal's public health system, because too many have left to enter the private sector. This has forced socialist Prime Minister José Sócrates' administration to seek rapid and drastic solutions, one...
Jesse Riseborough and Thomas Kutty AbrahamDiamond producers' shares have trailed mining companies since early 2006 as an abundance of gemstones weighed on prices. Now the outlook is brighter, says Evy Hambro, who runs the world's No. 1 metals fund. Stockpiles...
WASHINGTON, Sept 1 (AFP): Federal Reserve Chairman Ben Bernanke pledged yesterday to act to limit the spillover of a credit crunch on the broader economy as the White House unveiled aid to homeowners facing foreclosure. The two separate announcements were...
GENEVA, Sept 1 (AFP): The World Trade Organisation (WTO) said yesterday it will investigate whether Chinese industrial subsidies breach international trade rules following a complaint by the United States and Mexico. The US and Mexico's complaint targets tax breaks they...
WASHINGTON, Sept 1 (AFP): In a race mired in controversy, two Europeans are vying to become the new head of the International Monetary Fund (IMF) and lead the battle in introducing wide-ranging reforms. For weeks the European Union's candidate Dominique...
NEW DELHI, Sept 1 (PTI): India continues to be an attractive foreign direct investment (FDI) destination to foreign investors despite controversies over special economic zones (SEZs), a global investments expert here said. Noting that the SEZ issue was a "political...
OTTAWA, Sept 1 (AFP): Canada's economy grew at a strong pace for the second quarter in a row, picking up 0.8 per cent for an annualised rate of 3.4 per cent, Statistics Canada said yesterday. The annualised figure far exceeded...
LONDON, Sept 1 (AFP): Oil prices rebounded this week owing to falling US energy reserves and a recovery for global equities. US stocks rose sharply Friday as Federal Reserve chief Ben Bernanke said the US central bank would act "to...
FE ReportMeghna Life Insurance Company Limited declared 12 per cent dividend for its shareholders for the year 2006. The dividend was approved at the 11th annual general meeting of the company held at the Bangladesh Institute of Administration and Management...
FE ReportPrime Insurance Co Ltd held its 11th annual general meeting (AGM) at the Bangladesh Institute of Administration and Management (BIAM) in the city Thursday, said a press release. Vice-chairman of the company's board of directors Ferdous Amin presided over...
NEW YORK, Sept (AFP): The dollar rebounded from early losses yesterday as investors parsed comments by Federal Reserve chairman Ben Bernanke and saw a reduced sense of urgency in cutting US interest rates. The euro fetched 1.3623 dollars, compared with...
NEW DELHI, Sept 1 (PTI): Inflation declined to below four per cent for the first time in more than 15 months to touch 3.94 per cent for the week ended August 18, much less than the Reserve Bank's projection for...
YANGON, Sept 1 (Xinhua): The length of railroads and rail tracks in Myanmar has extended up to 5,031.29 km and 6,549.26 km now, increasing 59 per cent and 46 per cent respectively in the past 20 years, according to Saturday's...
FE ReportYoungone has mobilised its own doctors, nurses and paramedics to provide emergency health services to the flood-affected people around the Dhaka Export Processing Zone (DEPZ) area. Earlier, Youngone, the country's biggest multi-national company in the ready-made garment sector (RMG),...
NEW YORK, Sept 1 (AFP): World oil prices climbed yesterday as a storm threatened Gulf of Mexico energy installations ahead of a long holiday weekend in the United States, while US stockpiles remained tight. New York's main futures contract, light...
DU CorrespondentThe Association of Travel Agents of Bangladesh (ATAB) urged the government to hire at least two big aircraft immediately to meet the acute seat crisis of the existing airlines to meet the threat to manpower exports of the country."The...
Islami Bank Bangladesh Limited (IBBL) approved 15 per cent cash and 10per cent stock dividends for its shareholders for the year 2006, said a press release.The dividends were approved in the 24th annual general meeting held Friday in the city....
FE ReportDirector of Dhaka Chamber of Commerce and Industry (DCCI) MA Momen laid emphasis on having proper knowledge of leadership for heading the business organisations in the fierce competition of the post-MFA era. He was speaking at the certificate giving...
FE ReportEmirates Airline passengers, while flying to Dubai during the holy month of Ramadan, can take advantage of accommodation-only specials, starting from as little as US$131.The attractive offers, valid between 12th September and 12th October 2007, will be managed by...
Our CorrespondentCHITTAGONG, Sept 1: Peril of price-hike has spread in the port city due to the abnormal rise in prices of rice and other essential commodities.Under the situation, the consumers, specially the people of lower income group, have been the...
Our CorrespondentBRAHMANBARIA, Sept 01: Akhaura landport of the district realised a record revenue of more than Tk 13.12 million in the financial year of 2006-2007.The landport realised the amount of revenue from export and import of goods.Of the total, the...
A signing ceremony for syndicated multi credit facility of Tk 989 million in favour of Creative Paper Mills Ltd organised by the Dhaka Bank was held at a city hotel recently, said a press release. The proposed project is a...
The half-yearly Managers' Conference-2007 of Southeast Bank Limited was held in the city recently, said a press release. Managing Director of the bank Neaz Ahmed inaugurated the conference and conducted its business session as the chief guest. The senior executives...
© 2024 - All Rights with The Financial Express
