FE ReportA joint meeting of Dhaka Stock Exchange and institutional investors Wednesday urged the retail investors to invest their funds in issues of the banking and other sectors considering their fundamentals.The meeting was told that there was no negative impact...
From Fazle RashidNEW YORK, Oct 29: A fierce late half rally in Dow Jones yesterday brought cheers into the face of beleagured investors. The news emanating from the credit card companies and Reserve Fund, America's oldest money market fund drowned...
Awami League (AL) is willing to go to national elections under the newly drawn parliamentary constituencies, said a senior party figure on Wednesday, reports bdnews24.com. "We will contest the polls under the re-demarcated electoral boundaries due to constitutional obligations," AL's...
WASHINGTON (Reuters): Democrat Barack Obama has a steady five-point national lead over Republican John McCain with six days left in the grueling race for the White House, according to a Reuters/C-SPAN/Zogby poll released on Wednesday.Obama leads McCain by 49 per...
FE ReportThe IFC Bangladesh Investment Climate Fund (BICF) will hold a seminar on 'financial crisis and how it affects Bangladesh' Thursday at the hotel Westin in the city.Moazzem Hossain, Editor of The Financial Express, will moderate the seminar starting at...
Recently there has been a lot of furore over the sensitive imported food items like milk and related products in the Bangladesh market. Though there were no immediate reports of Bangladeshi children taken ill following consumption of Chinese or any...
Enayet RasulGOVERNMENT leaders may think that they have made history by bringing the administered price of a commodity--down--after its sharply increased price readjustment some months ago. They are to be certainly congratulated for it. For it at least sets a...
Ahmed Showkat Masud asksTHE banking sector in our country has been going through changing regulations for implementation of Basle-II. Banks are under pressure to raise their paid-up capital. Regulations are changing. On their part, banks are, however, trying their best...
IT was reported in the newspapers that counterfeit currency is entering the market in alarming proportions. According to one report that quoted Bangladesh Bank, the law enforcement agencies have seized fake bank notes worth Tk 5.0 million in the past...
NEARLY 60 per cent of the Dhaka dwellers do not have adequate sanitation facilities. This was reported in the press recently. This is worrying and also a major public health threat. We know most of the people in rural areas...
LONDON, Oct 29 (Reuters): China cut its interest rate for the third time in six weeks Wednesday, a measure the United States, Japan and European Central Bank (ECB) are expected to follow by the end of next week to bolster...
LONDON, Oct 29 (AFP): Britain pressed countries including China and oil-rich Gulf states yesterday to contribute to a proposed new International Monetary Fund (IMF) fund to help poorer governments threatened by "contagion" from the global financial crisis. Prime Minister Gordon...
SEOUL, Oct 29 (Reuters): South Korea readied more measures to combat a global downturn on its export-driven economy but a lack of confidence they would work pushed shares lower Wednesday after their biggest swing on record.The battered won rose for...
WELLINGTON, Oct 29 (AFP): New Zealand's trade deficit jumped to its highest level for nearly three years in September, official figures showed, as falling commodity prices hurt exports and imports surged on high oil prices. The monthly deficit of 1.18...
MANILA, Oct 29 (AFP): The financial crisis that has battered most industrialised countries is taking a heavy toll on the world's millions of migrants, UN Secretary General Ban Ki- moon said today. And if governments failed to protect the rights...
ISLAMABAD, Oct 29 (AFP): Pakistan is to make a statement by the end of the week about its dire financial situation, officials said today, amid reports that an application to the International Monetary Fund (IMF) is imminent. "We will make...
SINGAPORE, Oct 29 (AFP): World oil prices advanced in Asian trade today, mirroring gains on stock exchanges, as markets looked to an expected rate cut by the Federal Reserve to boost the flagging US economy, dealers said. Comments by OPEC...
Our CorrespondentJESSORE, Oct 29: Winter vegetable on a vast area has been damaged due to incessant rain for last few days. The rain inundated low-lying areas in this region.Babul Akhter of Mangalpaita, Barobazar on the outskirts of the town was...
TOKYO, Oct 29 (AFP): The yen rebounded against the dollar and the euro in Asia today after falling sharply a day earlier on speculation about a possible interest rate cut in Japan this week. The dollar fell to 96.57 yen...
WASHINGTON, Oct 29 (AFP): US consumer confidence plunged to a record low in October as consumers felt the bite of the credit crisis, a private firm said yesterday, sounding alarms over the year-end holiday shopping season. The Conference Board, a...
The 12th annual general meeting (AGM) of Fu-Wang Foods Limited was held in the city recently, says a press release. The meeting was presided over by chairman of the company Hsu Chin Hua. Managing Director of the company Arif Ahmed...
MUMBAI, Oct 29 (PTI): The Indian rupee washed out part of its early gains in late morning deals to quote at 49.80/82 against the greenback, still showing a rise of eight paise on expectation of further recovery in equity markets....
FE ReportA FAO/WFP joint mission on crop and food supply to Bangladesh has found that the agricultural credit for farmers to buy the best seeds, fertilisers and other inputs is not timely and easily available to many farmers and is...
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...
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