David Yong and Candice ZachariahsMoney-market rates in Asia advanced for a second day as concern the credit crisis has dragged the global economy into a recession overshadowed efforts by policy makers to revive lending. Hong Kong's three-month interbank lending rate,...
Ross Harper AlonsoCarlos Celdran is called the Pied Piper of Manila. As he takes tourists around the poorer localities of the city, dressed in a 'barong tagalog' (a forinal shirt) and a black hat, he engages the visitors with historical...
Jasim Uddin Haroon Local commodity traders at the country's two major wholesale business hubs-Khatoonganj in Chittagong and Moulvibazar in Dhaka -- are in serious financial troubles. A number of leading wholesalers have reportedly disappeared with cash money collected from small...
Chief Adviser Fakhruddin Ahmed Friday called for joint efforts of the Asian countries to advance their common development goals to create a more cohesive and productive matrix of Asian economies, reports UNB.He also stressed the need for economic integration to...
FE Report The current global financial crisis has exposed a deeper fault-line in the international system while the benefits of globalisation are sparsely distributed, leaving behind the world's neediest, policymakers and trade envoys said Friday. Poorer nations should be given...
FE ReportTwo senior economists Friday in Dhaka said Bangladesh and its economy will fall into deep trouble if the national election is not held in time."There is no alternative to election and continuation of democracy. It is not possible to...
BEIJING, Oct 31, (BBC): The toxic chemical melamine is probably being routinely added to Chinese animal feed, state media has reported. Correspondents say the unusually frank reports in several news outlets are an admission that contamination could be widespread throughout...
MAUMEE, Ohio (Reuters): Memo to White House hopefuls John McCain and Barack Obama: be careful what you wish for.The victor in Tuesday's presidential election will face a host of acute economic problems on a scale not seen since the 1930s.The...
UN Secretary General Ban Ki-Moon, accompanied by his spouse Ban Soon-taek, arrives in the city today (Saturday) afternoon on a two-day visit, reports UNB.Foreign Adviser Iftekhar Ahmed Chowdhury will receive him at Zia International Airport at 5:30pm. Immediately after his...
US Assistant Secretary of State for South and Central Asian Affairs Richard Boucher said he was hopeful about holding of the general elections in Bangladesh on December 18, reports UNB.Boucher expressed his optimism during a meeting with Awami League (AL)...
BNP Chairperson Khaleda Zia Friday demanded resignation of the incumbent Election Commissioners (ECs) as she observed free and fair elections are not possible under them, reports UNB."If the government wants to hold free and fair elections in a true sense,...
James Lamont, FT Syndication ServiceNEW DELHI: A bagful of beetles can land a collector in big trouble in India. A Czech scientist, facing a three-year jail sentence for illegal insect collecting, has jumped bail and fled the country. Arrested in...
Ten people were killed when a truck drove into roadside ditch in Tangail Friday morning. The accident took place at Pouli in the northbound highway. The truck was carrying a consignment of calcium carbonate to the northern district of Bogra...
The first batch of Bangladeshi pilgrims left here Friday afternoon for Jeddah to perform holy hajj. Chief Adviser Fakhruddin Ahmed formally inaugurated the operation of hajj flights of Biman Bangladesh Airlines from the Zia International Airport (ZIA). A Boeing 747...
Bangladesh Power Development Board (BPDB) earned a revenue of Taka 814.5 billion in July- August of current fiscal against a target of Taka 9.85 billion. PDB sources said, Chittagong zone has ranked first in the revenue collection of Taka 134.8...
FE ReportA new peaking power plant having the electricity generation capacity of 240 megawatts (MW) is set to initiate power generation at Shiddhirganj, some 20 kilometres off the capital, from next summer, officials said Friday.The newly-established Electricity Generation Company of...
FE Report The fares of diesel-run buses and trucks have remained the same despite the fact that the government has lowered the prices of fuel oils against the backdrop of substantial fall in petroleum prices in the international market.The government...
From Fazle Rashid NEW YORK, October 31: The slogan of haves and havenots, which reverberated in 50s and 60s has reappeared again. This mouthful of slogan was heard with uninterrupted frequency in poor developing countries. This time it is being...
Doulot Akter MalaCountry's supermarkets need government support to thrive their business alongside promoting the agro-based sector, said market operators and businessmen.Although the dependence of city people has gradually been increasing on supermarkets to buy quality products, the growth of the...
FHM Humayan KabirThe capital's hospitality industry has almost doubled in size and earnings over the last four years, thanks to the addition of a few new five-star hotels, officials said Wednesday.The luxury hotels in Dhaka have earned Tk 1.18 billion...
Naim-Ul-KarimBangladesh's manpower export to Singapore has suffered a jolt from the global financial woes as the recession-hit country's once-booming construction and shipbuilding sectors have cut their activities. Sources said thousands of Bangladeshis lost their jobs in the richest Southeast Asian...
Bangladesh and Libya Friday reached an understanding under which Tripoli could possibly employ more than 0.1 million (one lakh) Bangladeshis in its booming construction sector, reports bdnews24.com. During the bilateral meeting that preceded the deal, Libya showed interest in expanding...
FE ReportThe Dhaka Stock Exchange (DSE) witnessed bearish mood for the third consecutive week that ended Thursday, with the persistent low turnover.During the week all the market barometers - the benchmark DSE General Index (DGEN), All Shares Price Index (DSI)...
LONDON, Oct 31 (Reuters) - Shares in Asia and Europe fell on Friday, heading for their worst month ever, while the low-yielding yen surged as Japan's interest rate cut failed to erase concerns about the deteriorating global economic outlook.The Bank...
Bangladesh Awami League (AL) Friday repeated its warning they would not go to the polls until party president Sheikh Hasina, now out on parole, was unconditionally released, reports UNB/ bdnews24.com."We will not go to the polls without Sheikh Hasina's unconditional...
BNP has ragged the chief election commissioner for his comment that the polls officials were ready to stage an election like that of 1970 and said the comments were "unexpected and unwanted," reports bdnews24.com."It is the biggest question in the...
Teachers of seven public universities Friday demanded halt to lease out of oil-gas fields in the Bay of Bengal to foreigners and give final approval to the coal policy during the incumbency of the caretaker government (CG), reports UNB.They expressed...
CHANDPUR, Oct 31 (bdnews24.com): Adviser to BNP chairperson ASM Hannan Shah Friday called on party supporters to stay alert against 'a conspiracy being plotted centring the upcoming general polls'."The government will have to hold the elections on schedule, as the...
Taking a swipe at Jamaat leader Mujaheed's remarks against the 1970 election, pro-liberation politicians and university teachers Friday said Jamaat needs to be banned from politics as it does not believe in Bangladesh's independence, reports UNB.In reaction to Jamaat secretary...
President Iajuddin Ahmed and Chief Adviser (CA) Fakhruddin Ahmed have congratulated Maldivian President-elect Mohamed Nasheed on his confirmation of being elected to the high office.The President, in a message, expressed his confidence that the Maldives would continue in the path...
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