Shakhawat HossainThe finance ministry Sunday sought advisory council's approval for the proposed budget management ordinance, aimed at keeping government's bank borrowings within 3.0 per cent of gross domestic product (GDP), officials said.The 'government properties and budget management ordinance 2008' is...
FE ReportDhaka stocks fell sharply Sunday amid thin turnout of investors due to inclement weather now sweeping across the country.The decline was led by banks, leasing, pharmaceuticals, insurance and IT issues.The Dhaka Stock Exchange (DSE) opened with a downbeat mood...
From Fazle RashidNEW YORK, Oct 26: The International Monetary Fund (IMF) suddenly finds itself cast in the important role of a saviour. Several countries failing to obtain bilateral loans are knocking the door of the Fund. Iceland failed to convince...
FE ReportThe listing sub-committee of the Dhaka Stock Exchange (DSE) has recommended direct listing of two issues --ACI Formulations Limited and Shinepukur Ceramics Limited - and regular listing of Takaful Islami Insurance Limited.The recommendation came at the meeting of the...
FE ReportThe DCCI International Business Conference (Oct 31-Nov l,2008) is designed for leaders and captains of industries both in developing and developed world. It is also for thought leaders and visionaries who think independently about various likely economic scenarios that...
Mushir Ahmed The government will not increase industrial gas rate until early next year to help the country's thousands of garment manufacturers to ride out the global financial tsunami, officials said Sunday. Chief adviser's special assistant on energy and power...
FE Report The Anti-Corruption Commission (ACC) chairman, Hasan Mashhud Chowdhury, brushed aside Sunday the allegation of money-laundering that cost a military-owned bank nearly Tk 230 million.The anti-graft watchdog chief is facing the allegation of financial felony after Mahmudur Rahman, a...
The caretaker government decided Sunday to declare Khaleda Zia and Sheikh Hasina as poll VIPs to provide the two former prime ministers with fortified security cover for three months from the day after announcement of schedule for the next parliamentary...
FE Report The country's overall imports grew by over 32 per cent in the first quarter of the current fiscal, boosted by a massive 56.13 per cent increase in oil import bill, the central bank said Sunday. "The country's overall...
A High Court (HC) bench refused Sunday to hear appeals of five accused to quash the Boropukuria coalmine graft case. The HC bench comprising Justice Syed AB Mahmudul Haque and Justice Moinul Islam Chowdhury said they were embarrassed to hear...
A speedy trial tribunal awarded death penalty to four robbers for murdering six people during a robbery at Pallabi of the city in 2006. Judge AHM Mushtaque Ahmed pronounced the verdict in a crowded courtroom as the convicts appeared on...
The caretaker government decided to re-open the Bangladesh Embassy in Afghanistan and open new ones in Greece, Sudan and Sierra Leone aiming to boost economic and bilateral relations with these four countries. The council of advisers of the caretaker government...
FE Report Rains coupled with gusty winds continued to mount the sufferings of people across the country including the capital Dhaka Sunday. In the capital, rainfall disrupted the normal life and economic activities. City-dwellers, particularly office-goers and school-children, had to...
Zahid HussainFinancial crisis is nothing new. The world has experienced hundreds. Understandably, interest in learning from past crises mounts when another crisis occurs. The sort of crisis the world is experiencing now has systemic roots. Corrupt acts of a few...
Bangladesh requested Sunday the Afghan authorities to make all possible efforts to secure the release of the two BRAC employees abducted in Ghazni recently, report BSS/bdnews24.com/UNB.Foreign Adviser Dr Iftekhar Ahmed Chowdhury invited the Afghan ambassador in Dhaka to his office...
AWASHINGTON, Oct 26 (AFP) - In the final sprint to the White House, Democrat Barack Obama hopes to win over middle-class America with his economic plan, while John McCain charts a traditional Republican course of lowering taxes, even for the...
FE Report The government Sunday decided to ensure full compliance with the recent High Court order that directed a ban on sale and display of powder milk of eight foreign brands and also form high-powered monitoring committees at the district...
FE Report Local textile millers urged the government Sunday to provide cash assistance to the sector immediately to make them competitive in the market against the backdrop of the global financial crisis. They also said currency devaluation and cut in...
FE Report Business leaders said Sunday the next mayor of Dhaka City Corporation (DCC) should be elected from the business community as the politically-nominated city fathers had failed to make it business and environment-friendly.The business leaders named Abdul Awal Mintoo,...
Siddique Islam The central bank has revised the underwriting obligations of four primary dealer (PD) banks and a non-banking financial institution (NBFI) in primary auctions of the government securities, which will come into effect from November 1.Under the new provision,...
The government has reduced the highest fares for the diesel-run inter-district and long-distance buses and minibuses after lowering the fuel prices, as oil prices dropped drastically on the international market, reports UNB.Fare of the diesel-run buses, excepting those ferried through...
LETHARGY and indecision are the hallmarks of administrative culture in the country. The foremost obstacle to the development of its society and economy is the combination of the three evils-corruption, laxity and indecision. But in some cases laxity surpasses all...
Shahiduzzaman KhanTHE Centre for Policy Research and Social Responsibility recently undertook surveys using purposive sampling to assess the opinions of the urban educated group about Bangladesh Telephone Company Limited (BTCL) services. The BTCL is the upgraded version of the BTTB...
Fahmida AkhterA high-powered committee of the University Grants Commission (UGC) that went to work to ascertain the performance of private universities in 2003, gave a large number of them a period of five years to fulfill certain criteria to maintain...
A number of our cricketers who are otherwise well-known for their abilities and achievements, found themselves at the receiving point of national wrath and indignation recently for what was construed as their mercenary actions from joining the Indian Cricket League...
REPORTEDLY, air pollution in Dhaka city still afflicts on average 150,000 people every year. It underlines the acute necessity of new regulations and enforcing the existing rules and regulations to cut down air pollution.The government might argue that it does...
THE power sector has been a neglected in Bangladesh for over a decade when it called for priority attention. Power is the life-blood of all economic activities for production and distribution. It is also at the heart of different everyday...
Shawkat Haider RECENT news on ineffective 'kalaazar' therapy from a locally manufactured drug causes serious concern, particularly for the manufacturers of pharmaceutical products, who are expecting to be a significant player in generic drugs in the region. We do export...
IPSTHE 'Prime Minister' of Pakistani Kashmir (or Azad Kashmir), Sardar Atique Khan, released last week a white dove to mark the resumption of trade with the Indian state of Jammu and Kashmir through the ancient Jhelum Valley road, disrupted more...
Md. Anwarul KabirTELLING all the truth about the establishment, especially in public, is not that easy and sometimes it is risky, too. Here the term establishment signifies the people at the power centre who run the state machineries and their...
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