Siddique Islam The Bangladesh Bank (BB) is watching the movement of major foreign currencies and liquidity position of some international commercial banks operating globally that may face crisis because of the global financial turmoil. The Forex Reserve and Treasury Management...
From Fazle RashidNEW YORK, Oct 9: The rescue package of $700 billion having failed to calm down the fury of the tempest in the financial market, the United States, like Britain, has decided to nationalise the banks. The Treasury Department...
LONDON, Oct 9 (agencies): European markets recovered some of Wednesday's hefty losses after a relatively steady performance in Asia overnight, with British banking stocks in particular enjoying a strong rally in the wake of the government's 500 billion pound ($865...
M Azizur RahmanThe government is set to open up fuel import to the private sector to facilitate installation of new power plants by entrepreneurs in the sector under the proposed Merchant Power Plant policy, officials said.Private sector entrepreneurs interested to...
Bangladesh turned around spectacularly from the edge of an abyss to dismantle fancied New Zealand by seven wickets in the One Day International (ODI) series opener, their first stylish triumph against a top team Thursday since their victory over South...
FE Report The country's overall imports grew by 31.84 per cent during the first two months of the current fiscal over the same period of the previous fiscal, thanks to a rise by 45.34 per cent in import of industrial...
General Maung Aye, one of Myanmar's top military rulers, Thursday left Bangladesh ending a high-profile state visit that produced deal to boost trade, but failed to reach agreement on sharing energy resource or leasing farmland, report UNB and bdnews24.com. Gen...
Shakhawat Hossain The finance ministry has suggested the revenue board to scale up its annual revenue target by some Tk 20 billion following its better performance in the first quarter, officials said Thursday."We have been advised by the finance ministry...
A close accomplice of notorious robber Shahid, who is believed to have been hiding in India was lynched and four others arrested at Wari in the city Wednesday night. Police said five accomplices of Shahid went to Babuli Villa at...
JESSORE, Oct 9: Over 50,000 people in four upazilas of Jessore district were marooned as water from the rain-fed Ichhamoti and Kabodak rivers poured into the areas through breaches in embankments along their banks. Locals said low-lying areas in Manirampur,...
Finance and Planning Adviser Dr AB Mirza Mohammad Azizul Islam Thursday left for Washington, USA to attend the annual meetings 2008 of the World Bank and IMF scheduled for October 11-13. He will address the opening plenary session of the...
FHM Humayan KabirThe Asian Development Bank (ADB) has not released the second tranche of the budgetary support credit worth US$55 million due to the government's failure in fulfilling some pre-conditions set earlier by the lender, an official said."We requested the...
Doulot Akter MalaThe National Board of Revenue (NBR) is reviewing the duty-free facility offered to nine particular hospitals that are known as 'referral hospitals'.The NBR has formed a three-member committee, headed by Nasir Uddin, NBR commissioner for duty exemption and...
Naim-Ul-KarimThe country's vegetable exports in the first month of the current fiscal fell sharply because of mainly higher freight charges, exporters said on Thursday.They said freight charges, which saw an increase of 35-50 per cent in the past year, have...
Mushir AhmedThe country's leading garment exporter Sunman group would wind down its Cambodia operation, but still sets an ambitious target to raise export to 150 million dollars by 2009, an official said Tuesday.The company was the country's leading exporter even...
STOCKHOLM, Oct 09 (AP): French novelist Jean-Marie Gustave Le Clezio won the 2008 Nobel Prize in literature on Thursday for his poetic adventure and "sensual ecstasy." The Swedish Academy called Le Clezio, 68, an "author of new departures, poetic adventure...
Mahmuda ShaolinThe postal department's move to diversify its income base has started paying dividend as it churned out Tk 0.8 million in fees from Western Union in less than three months by delivering remittances worth Tk 80 million.The cash-starved Bangladesh...
A Council of Global Thought Leaders has been set up in Lausanne to advise on the research, refine and nurture the reflection on the concept of Inclusive Growth, advise on concrete steps and mechanisms to formulate an action plan and...
THE country's exports are mostly dependent on the markets of European Union (EU) and North America, especially the US market. This dependency is true of all the export-oriented sectors including the largest one, the Readymade Garments (RMG) and the second...
Syed Fattahul AlimMyanmar is Bangladesh's closest Southeast Asian neighbour. The two peoples also have close cultural link since time immemorial. During the British colonial period, Myanmar (the then Burma) was an affluent society. At that time, many people from our...
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...
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