M AliSometimes a correction may result in a further error and it appears the government's stance on urea fertilizer may have gone that way. In its welcome zealousness to ensure subsidized urea for food does not miss its target, the...
Shafiqul AlamFROM early in the morning to night the roads of Dhaka city remain congested. The situation worsened over the years and it has now become unbearable. It is time to say that Dhaka is a stagnant city. Imagine a...
THE Election Commission (EC) with cooperation of all concerned has recently accomplished a Hurculean task of successfully and comprehensively drawing up the list of voters for national elections. It was a commendable exercise in completeness and accuracy. A large number...
The boutique sector did good business during the Eid shopping spree. Many people thronged the local fashion houses. They had, at least, two items in their buying lists from these houses. More people preferred the beautiful boutiques to foreign-made fabrics.It...
Myanmar, Bangladesh's important neighbour to the east, has promising prospects for deepening economic relations with the latter. The economic relationships can blossom very quickly indeed if only the governments on the two sides want an acceleration in that direction. Thus,...
Enayet RasulThe passage of the $ 700 billion bill by US Congress has not quite stemmed the tide in the financial sectors worldwide as was expected proving that any major fissure in the integrated world economy would send more than...
Muntazir ZaidiEconomists and trade analysts are suggesting Bangladesh's RMG sector to step up its efforts to improve productivity, and diversify product and export markets to weather the global financial storm.Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) President Fazlul Hoque said...
BANGLADESHI missions abroad are limited in number. What creates more concern is that the commercial wings in the real sense of the term exist in only 20 of them and even these wings have been suffering badly due to adequate...
WE are happy to hear that the government is planning to improve academic and administrative performance of the National University (NU). The government, it is reported, is planning to constitute a high-powered committee and two working groups comprising representatives from...
Khaled Mahmud RaihanINSURANCE industry in Bangladesh passed through a century-long history of evolution, and is still struggling to achieve maturity. After liberation, as part of the nationalization process, the industry was nationalized by a Presidential Order. Subsequently, in the process...
Md. Masum BillahJAPAN got a new Prime Minster on September 4. Taro Aso is the third Japanese Prime Minster in one year. An outspoken nationalist, Aso said he wants to put priority to bolster Japan's faltering economy as the lower...
Mohammad Shahidul IslamTOURISM -- the organisation and operation of holidays, especially commercially -- provides the opportunity to know other cultures. It can promote closer ties and peace among peoples.Development of tourism needs to meet the economic expectations and environmental requirements,...
LONDON/HONG KONG, Oct 8 (Reuters): Britain announced plans to inject up to 50 billion pounds ($87.2 billion) into its biggest retail banks Wednesday and Hong Kong slashed interest rates to try to stem the global financial crisis.British finance minister Alistair...
SHANGHAI, Oct 8 (Reuters): China's securities watchdog has urged fund ventures partly owned by foreign financial institutions to disclose the financial state of their partners, reflecting increasing government concern about the spreading impact of the global financial crisis.Joint venture fund...
NEW YORK, Oct 8 (PTI): India has sharply criticised the United Nations and its affiliated organisations for sitting on the sidelines as the current financial crisis unfolded, saying that the International Monetary Fund (IMF) remained helpless despite the economic meltdown...
SINGAPORE, Oct 8 (AFP): Singapore appears headed for its first recession since 2002 as the city-state suffers from a US economy wilting under its worst financial crisis since the Great Depression, economists say. Southeast Asia's wealthiest economy in terms of...
WASHINGTON, Oct 8 (AFP): The US government's budget deficit ballooned in fiscal 2008 to 438 billion dollars (322 billion euros), or 3.1 per cent of GDP, as the economic downturn began to bite, the Congressional budget office (CBO) said yesterday....
JAKARTA, Oct 8 (Internet): Indonesia is to sign up to a charter committing Southeast Asian nations to the principles of democracy and human rights, its foreign ministry said Wednesday.A special committee from the House of Representatives has determined to ratify...
FE ReportA Memorandum of Understanding (MoU) was signed between Pioneer Insurance Company Limited and Credit Rating Agency of Bangladesh Ltd (CRAB) in the city recently.Under the deal, CRAB will evaluate the performance of the insurance company for the year of...
SINGAPORE, Oct 8 (AFP): World oil prices fell back to below 90 dollars today as traders fretted over the global financial crisis and the resultant fall in energy demand, dealers said. In afternoon trade New York's main contract, light sweet...
TOKYO, Oct 8 (AFP): The dollar slumped today below 100 yen for the first time in six months, with investors flocking to the Japanese currency as a safe haven as global stocks suffered historic drops. The yen is backed by...
TOKYO, Oct 8 (AFP): A Japanese sweet company announced today it had stopped manufacturing yam jellies blamed for the deaths of at least 17 people in recent years. MannanLife Co., said it has suspended production of Konnyaku Batake, a cupped...
BEIJING, Oct 8 (AFP): China announced today limits for how much melamine its dairy products can contain, seeking to curb the use of the chemical which has killed four children and sickened 53,000. The maximum amount of melamine allowed in...
FE ReportSiemens Bangladesh Limited (SBL) has signed a contract recently with Chittagong Port Authority (CPA) for setting-up a 1x12.5 MVA, 33/11 kV power sub-station. The value of the contract is estimated at Tk 46.7 million. The works under this contract...
FE ReportThe central bank has provided overdraft (OD) facilities for US$68 million more to a state-owned commercial bank (SCB) for settlement of its oil import bills."We've provided the OD facilities to the SCB against the government approved securities to settle...
FE Report With financial markets worldwide facing growing turmoil, internationally coherent and decisive policy measures are required to restore confidence in the global financial system, the International Monetary Fund (IMF) says in a new report."Failure to do so could usher...
FE ReportPubali Bank Training Institute organised a seminar on "Foreign Trade and Foreign Exchange" at its head office in the city recently. Managing Director (MD) of the Bank Helal Ahmed Chowdhury was present as the chief guest.Chowdhury said though foreign...
Through an intensive training course, 10,000 cabin crew have graduated from Emirates Aviation College in Dubai, says a press release.Mohana Chonayah, the 10,000th graduate, arrived in Dubai six weeks ago from her native Malaysia, where she was recruited after impressing...
FE Report The inter-bank call money rate remained unchanged Wednesday with injection of fresh cash into the market. The US dollar also maintained steady level against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to adequate supply of...
A high level delegation of the government of Myanmar visited the state-of-the-art manufacturing facilities of Beximco Pharmaceuticals Ltd. (BPL) at Tongi, a company statement said Wednesday.A high level delegation of the Myanmar government is currently visiting Bangladesh to discuss bilateral...
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