Our CorrespondentCHITTAGONG, Oct 29: Shipbreaking industry of the country is now under the grip of great crisis following unprecedented fall in the price of the scrap vessels in the international market. The very fate of investment worth Taka 55 billion...
FE ReportPalli Karma-Sahayak Foundation (PKSF) will disburse initially around Tk 500 million through its Partner Organisations (POs) among almost 60000 small and marginal farmers mainly in the agrarian regions of the country.The disbursement will be made under the newly initiated...
FE ReportKeya Cotton Mills Limited, a sister concern of Khaleque Group, recently submitted an application of initial public offering (IPO) to the Securities and Exchange Commission (SEC) seeking approval to raise Tk 750 million (including premium of Tk 250 million)...
Holcim has been named 'Leader of the Industry' in the Dow Jones Sustainability Index (DJSI) for the fourth year in succession and once again acknowledged as the company with the best sustainability performance in the building materials industry. The Holcim...
FE Report The Asian Development Bank (ADB) is providing US$ 87 million loan to improve the basic services and infrastructure in small and medium-sized towns of Bangladesh. The loan, sourced from ADB's Special Funds, will be released in phases. The...
FE Report The inter-bank call money rate remained steady Wednesday with comfortable level of fund flow in the market. The US dollar, however, maintained its gaining mood against Bangladesh taka (BDT) in the inter-bank foreign exchange market mainly due to...
All the committee members of Islami Bank Foundation (IBF) have been urged to perform the duties of noble effort with dedication and seriousness.Vice Chairman of the board of directors of Islami Bank Bangladesh Limited (IBBL) Zainul Abedin made the appeal...
FE Report'BCSICTWORLD-2008', a computer fair, will be held at the Bangladesh China Friendship Conference Centre in the city from November 17 to November 21.Bangladesh Computer Samity (BCS) in cooperation with ICT Business Promotion Council of the ministry of commerce will...
Western Union has announced a new fee for money transfers made from the United Arab Emirates to Bangladesh, says a press release. Western Union consumers sending money to Bangladesh will now be charged AED 15 for money transfers of amounts...
The USAID-funded PRICE (Poverty Reduction by Increasing the Competitiveness of Enterprises) project and the WorldFish Centre announced an initiative to raise shrimp farm yields for the benefit of the entire shrimp sector, says a press release. Under a subcontract with...
DividendsPower Grid: The board of directors of Power Grid Company of Bangladesh has recommended 27 per cent cash dividend for the year 2007-2008. The annual general meeting (AGM) of the company will be held on March 5, '09 at 11am....
THE government last Sunday brought down the prices of fuel oils by nearly 11.73 per cent, on an average, in the backdrop of an unabated decline in the prices of the same in the international market in the recent weeks....
Syed Fattahul AlimIn an order issued on 23rd October the High Court banned the sale and display of imported powder milks belonging to some eight brands until their laboratory test reports are available and asked the government to implement the...
Shihab AhmedThe idea or proposal for forming a free trade area (FTA) between Bangladesh and India has been debated for sometime past at different levels. This was also done at the last meeting of the bilateral joint economic commission.Bangladesh earlier...
The first two lines of the report, appearing in page 1 of the FE on October 27, 2008 under the caption, 'Inclement weather dampens investors' interest', goes on .... "Dhaka stocks fell sharply Sunday amid thin turnout of investors due...
The need for an accreditation council to watch over the affairs of the universities is acutely felt when many of the private universities are considered to be performing below the expected standard. The beneficial side to a formal and official...
Professor Mahfuz R. ChowdhuryWe know that Bangladesh started its journey as an independent state in 1971 from a very distressful condition. But the country is a resource-rich one and has remained so even after many years of economic exploitation by...
Sebika DebnathWhat a terrible time she had to go through! Her son Adittya was born in Dhaka during the 1998's devastating flood. Her husband used to work in Sylhet at that time. During her delivery, he couldn't come to Dhaka,...
Munima SultanaGlobal construction industry requires about 10 billion tonnes of natural aggregate a year to build infrastructure. The experts say that unless the waste concrete from demolished old buildings, highways and other infrastructure is reused, it would fill up land...
Asian property markets are falling victim to the global credit crisis and seeking ways of lessening the impact at a local level.In Cambodia the real estate boom which began in 2007 is over according to a leading economist and in...
Matt Woolsey,Thirty years ago, Shenzhen, China, was little more than a fisherman's port. A decade ago it had blossomed into a small regional shipping center. Now, it handles more container ships than Dubai, New York and Tokyo combined, according to...
Brian Wingfield and Jewel EdwardsForget Miami, Los Angeles and New York--America's newest immigrant capitals are the country's recent boom towns.Top of the list: Cape Coral-Fort Myers, Fla., with a 122 per cent increase in its foreign-born population from 2000 to...
The practice of "pyramiding rental property" has led to some very impressive retirement estates over the years for down-to-earth investors. If you've ever thought that the only way to achieve wealth with real estate is by striking oil on your...
WASHINGTON, Oct 28 (Xinhua): China's development is crucial to the world economy and will help the developed economies and the world as a whole to stave off the possible recession, a leading US economist told the news agency in a...
WASHINGTON, Oct 28 (AP): The government has cleared the way to ship out $125 billion this week to the country's largest banks, beginning the biggest government bailout in history."The money will go out the door for those institutions early this...
SAN SALVADOR, Oct 28 (AFP): Latin American countries should focus on improving their tax and spending policies as they begin to feel the effects of the slowing world economy, the Organisation for Economic Cooperation and Development (OECD) recommended in a...
LONDON, Oct 28 (AFP): Britain's central bank urged new constraints on banks today to avoid a repeat of the financial crisis, saying there needed to be a "fundamental rethink" of how the institutions manage risk. The Bank of England (BoE)...
SINGAPORE, Oct 28 (AFP): Singapore's economy, which is already in a technical recession, will remain weak in 2009 on projections the global economic outlook will deteriorate further, the central bank said today. As a financial crisis evolves to impact economic...
SYDNEY, Oct 28 (AFP): Australian business conditions fell sharply in the third quarter on lower sales and profits, a National Australia Bank (NAB) survey released today showed. The NAB said while business confidence rose one point to -7 points for...
SINGAPORE, Oct 28 (AFP): World oil prices were higher in Asian trade today, erasing early losses on concerns a global recession would hurt energy demand, dealers said. New York's main contract, light sweet crude for December delivery added 68 cents...
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