Naim-Ul-Karim Bangladesh, fearing the fallout of global economic hurricane, may consider reordering its export strategy and creating an 'emergency fund' to prop up the country's export-oriented sectors.They said the commerce ministry has been entrusted with task of 'reordering' the country's...
Shamsul Huq Zahid The ongoing global financial market turmoil has forced central banks of most countries, developed or developing, to look closely at their respective home turfs. They want to be assured that their financial institutions, banks and non-bans, are...
FE ReportA two-day high-profile International Business Conference begins in the city October 31 aiming to promote Bangladesh economy in the world market.Arranged by the Dhaka Chamber of Commerce and Industry (DCCI) marking its 50th founding anniversary, the conference will be...
FE Report Bangladesh has signed a memorandum of understanding (MoU) with Nepal for exchange of information relating to money laundering.The MoU was signed between the financial intelligence units (FIUs) of the respective central banks of the two countries in the...
Chief Adviser's Special Assistant for Power and Energy Ministry Dr M Tamim Tuesday said the prices of petroleum fuel will be reduced by eight to 12 per cent within this or next week, report UNB and bdnews24.com.Talking to the reporters...
FE ReportDhaka stocks dropped for the fifth consecutive session Tuesday amid increase in the turnover.The decline was led by mutual funds, banks and pharmaceuticals but the cement issues shined on the day.The Dhaka Stock Exchange (DSE) began with an upbeat...
FE Report The government has sought cooperation of the UN Food and Agriculture Organisation (FAO) in its move to detect traces of melamine in imported powdered milk of eight foreign brands.A statement of the Ministry of Commerce, issued on Tuesday,...
The National Board of Revenue (NBR) Tuesday requested all individual taxpayers and undisclosed money holders to submit their tax returns and also avail the opportunity of formalising their income by October 31 next. As per clause-124 of the Income Tax...
Bangladesh Standards and Testing Institution (BSTI), in a recent test, found no trace of melamine in the powder milk imported under the 'Operation Dal Bhat' of Bangladesh Rifles (BDR). BSTI sources said the samples that were tested according to GC-MS...
Shakhawat Hossain The Regulatory Reforms Commission (RRC) has suggested computerisation of available record, maps and documents on the country's land to facilitate easy access to related information, officials said Tuesday.It has recommended encouragement of private investment in land management and...
Zahid HussainGlobal stocks have declined in waves on the seemingly growing evidence that the on-going credit crisis will send the global economy into recession. Retail sales in the US decreased by 4.0 per cent in the third quarter of 2008,...
Asian Development Bank (ADB) will provide a loan of $165 million to help Bangladesh boost private investment in infrastructure, mainly in the energy sector, reports UNB.Bangladesh and ADB signed a loan agreement for Public-Private Infrastructure Development Facility (PPIDF) at the...
The caretaker government may relax the state of emergency next month that will coincide with the arrival of a European Commission (EC) delegation, said Foreign Adviser Iftekhar Ahmed Chowdhury Tuesday, report UNB and bdnews24.com. "The Chief Adviser has assured that...
From Fazle RashidNEW YORK, Oct 21: The news that a new stimulas package initiated by the Democratic Party and vigorously endorsed by the Fed chief Ben Bernanke and President Bush being 'open to the idea' has considerably receded the fears...
The Election Commission (EC) is in two minds as to whether the election schedule should be deferred as a crucial legal process drifted in courts over delimitation of parliamentary constituencies.As such, the Commission would take a decision over this matter...
Siddique Islam The central bank has asked the state-owned commercial banks (SCBs) to invest their general provident funds in government bonds aiming to strengthen the secondary securities market. "We have advised the SCBs to invest minimum 60 per cent of...
Siddique Islam The Bangladesh Bank (BB) will give a fresh directive to the non-banking financial institutions (NBFIs) to intensify drive to recover non-performing loans (NPL) for improving their financial health, officials said. The directive will be made from a review...
At least 40 readymade garment (RMG) workers were injured as the police charged batons on rampaging workers sparking clashes at Jalkuri under Fatulla police station of Narayanganj Tuesday, reports UNB. The violence ensued when the police baton-charged the agitating workers...
Robbers looted 500 'tolas' of gold ornaments from a jewellery shop at Prince Plaza in the city's Mohammadpur area Tuesday, reports UNBThe police said the robbers, numbering 10 to 12, stormed into the 'Amin Jewellers' on the 2nd floor of...
CHITTAGONG, Oct 20: Chittagong Shah Amanat International Airport operated 2,512 international and 6,137 domestic flights during last fiscal and earned Tk 266.38 million from landing charge and Tk 76.761 million from space rent. During the same period, 3,95,600 passengers and...
A fire broke out at City Bank head office in the city's Motijheel area Monday afternoon. Fire Brigade sources said the fire originated in the head office of the bank housed at the 12th floor of Jiban Bima Tower at...
A high-profile delegation of the India-Bangladesh Chamber of Commerce and Industry (IBCCI) will attend an international business summit at Agartola in Tripura soon aiming to promote trade between the two close-door neighbours. Buoyed by the success of its participation in...
Shakhawat HossainPatuakhali and Barguna are the most poverty-stricken districts in the country, as 69.2 per cent people in the Southern districts are absolute poor and have to live on less than 2122 kilo calorie a day, a Bangladesh Bureau of...
Zahid HussainIn my article published in this paper on October 20, I discussed the role of one simple financial derivative--credit default swaps (CDS)--in propagating the housing market crisis throughout the international financial system. Here, I attempt to flesh out the...
Naim-Ul-KarimThe high powered expert team, formed to detect traces of melamine in imported powdered milk of eight foreign brands, Monday held its first meeting as it obtained samples for laboratory tests, officials said. Earlier, a five-member committee, led by deputy...
S M JahangirThe new insurance law will allow setting up of brokerage houses for promotion of the country's general insurance business, official sources said.The brokerage houses will work like the insurance policy agents."A new provision has been incorporated into the...
FE Report The Bangladesh Bank (BB) may, on case to case basis, consider increasing the single borrower exposure limit only for investments in the power sector. "We will consider re-fixation of the single borrower exposure limit only for power sector...
M Azizur RahmanThe energy ministry has sought clarifications from Cairn Energy of Scotland for concealing information over sharp slide of Sangu gas reserves that has tainted fresh industrialisation in Chittagong for over the last one year, officials said Monday.The ministry...
Tripartite street fights among students of Dhaka College and City College and police-members Monday turned the capital's New Market area into a veritable battlefield, leaving at least 25 people wounded and a number of cars damaged, reports UNB. First fisticuffs...
FE ReportAsian Development Bank (ADB) will offer US$165 million fund to Bangladesh's private sector for infrastructure development, particularly power generation, an official said Monday.A deal will be signed today (Tuesday) with the ADB for the loan, which will be disbursed...
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