Shakhawat Hossain The caretaker government is set to revive the construction of the nearly US$ 1.0 billion Dhaka Eastern Bypass after the World Bank has given a green signal to the project, officials said Wednesday.The positive nod for the ambitious...
Shahiduzzaman KhanThe country's power-supply situation is yet to improve as several more power plants were shut down by the Power Development Board (PDB) for gas supply shortages that badly affected life and business. According to reports published in the media...
FE ReportThe insurance companies are required to maintain a mandatory solvency margin under the new insurance ordinance.Two ordinances -- one relating to amendment of Insurance Act 1938 for regulating the insurance business and other concerning the powers and functions of...
FE Report Noted economist Wahiduddin Mahmud said Wednesday the government should refrain itself from hiking further the power and gas tariffs in view of the ongoing global financial hurricane. "I think they (government) should consider dropping its plan to spike...
FE ReportDhaka stocks slightly rose Wednesday snapping the fifth consecutive session of losing streak with a sharp decline in the turnover.The main index of the Dhaka Stock Exchange (DSE) fell more than 33 points in the first one hour before...
From Fazle Rashid NEW YORK, October 22: The full blown impact of the "made in America crisis" is being felt in Europe and elsewhere. In the gloomiest assessment of the economic prospect yet Mervyn King, governor of Bank of England...
Five advisers of the caretaker government were in a meeting with BNP Chairperson Khaleda Zia at her cantonment home, an official at Khaleda's residence said Wednesday evening, report UNB and bdnews24.com. The official said the five advisers - Ghulam Quader,...
The Truth and Accountability Commission (TAC) identified the Bangladesh Telecommunication Company Ltd (BTCL) as a safe haven of institutional corruption, reports UNB. Citing one instance it said the state-owned company's forerunner had hired 256 workmen for shifting files from one...
Khagrachhori Mong circle chief Raja Paihalaprue Chowdhury and a woman were killed and 20 others, including son of the king, were injured in a tragic road accident at Paglapara in Ramgarh under Khagrachhori Wednesday. Police said the accident occurred at...
A bomb exploded at the compound of Bangabandhu Sheikh Mujib Medical University (BSMMU) in the city Wednesday noon, leaving a patient slightly injured. Confirming the incident, officer-in-charge of Shahbagh police station Rezaul Karim said the bomb exploded near the prison...
A devastating fire gutted some 400 shanties of a slum near the Martyred Intellectuals' Graveyard in the city's Mirpur area Wednesday afternoon. The fire that originated from one of the shanties at about 4:55pm soon engulfed the adjacent dwellings and...
FE ReportBangladesh has significant gas reserves that could be discovered if sufficient exploration works were carried out, Chief Adviser's Special Assistant M Tamim said Wednesday."I believe the country has new gas reserve potentials of at least 10 - 15 trillion...
Mushir AhmedA top Bangladesh conglomerate is set to mount a takeover bid on Bangladesh operations of the American Life Insurance Company (Alico), a subsidiary of embattled American Insurance Group (AIG), a source said Wednesday.The local group having stakes in pharmaceuticals,...
FHM Humayan KabirTwo state-owned gas giants will start ascertaining the actual reserve of gas and further dispersion of it in their five major operative gas fields in December this year aiming to augment the production, officials said Tuesday.The Bangladesh Gas...
FE Report The central bank has asked the non-banking financial institutions (NBFIs) to remain cautious in running their business to avoid financial risk.The Bangladesh Bank (BB) warning came at a review meeting Wednesday against the backdrop of the global financial...
FE ReportThe country's jute-yarn manufacturers have voiced concern over the global financial crisis and sought immediate government steps to stave off its adverse impact on the local export-oriented sector."We appeal to the government to take pragmatic steps to help protect...
The Election Commission (EC) sees no major obstacle to Awami League (AL) getting registered, election commissioner Muhammed Sohul Hussain said Wednesday, reports bdnews24.com. The remark came after a meeting between a four-member AL team and the chief election commissioner accompanied...
FE Report The central bank of Bangladesh is going to issue 200 million pieces of Tk 1000-denomination bank note for the first time in the country from October 27, officials said. "The 1000-taka bank notes will be circulated from the...
THE construction sector has been in a downbeat mood for sometime for a variety of reasons. The anti-graft drive launched by the incumbent caretaker government soon after its coming to power has had some negative impact, though an unintended one,...
Syed Fattahul AlimLeaders of the Readymade Garments (RMG) sector are rather upbeat about the prospect of export of garment in the USA and Europe in spite of recession in those countries. Their optimism is largely based on the growing interest...
Dr Md Mahmudul HasanTHE revised DU admission guidelines 2008-2009 for Kha and Gha units deserve attention of all. Besides the departments of Bangla, English and Mass Communication and Journalism a few more departments have introduced new admission prerequisites, which go...
GOVERNMENT functionaries are undertaking frequent trips abroad. This fondness for travel among government officials is known to all. There has always been a flurry of foreign travel on the part of both the advisers of the present government and the...
THE recent report in your esteemed paper regarding the woeful situation of BRTC's Volvo double-decker service was an eye-opener. So that is the real picture! We were all wondering whatever has happened to the Volvo service, why its service had...
The media frequently report that people are almost regularly run over by trucks, buses or other vehicles. In our country none follows the law. Neither the pedestrians nor the drivers abide by the law. As a result, the unexpected deaths...
Roula Khalaf and Lionel Barber FROM volley to vertigo? Roger Federer and Andre Agassi play atop the helipad that perches most of the way up Dubai's 321 metre high Burj Al Arab hotel. A property boom has brought worries about...
WASHINGTON, Oct 21 (AFP): The chairman of the Federal Reserve, Ben Bernanke, yesterday endorsed the idea of a second US economic stimulus plan this year, after warning of a possible "protracted slowdown." "With the economy likely to be weak for...
SINGAPORE, Oct 21 (AFP): Southeast Asia's economies will suffer if a growing shortage of managers and skilled professionals is not addressed, the International Labour Organisation (ILO) warned today. The shortages were no longer limited to multinational companies but were affecting...
STRASBOURG, Oct 21 (AFP): The European Union's next trade commissioner said yesterday she wanted to rescue the drawn-out negotiations for a new world trade pact that collapsed in July in bitter disagreement. As trade commissioner, "my first visit will be...
PARIS, Oct 21 (AP): The gap between rich and poor is getting bigger in the world's richest countries - and particularly the United States - as children and low-skilled workers slide deeper into poverty, according to a 30-nation report released...
WELLINGTON, Oct 21 (AFP): The New Zealand economy, already trapped in recession, suffered further negative news today with the release of official figures showing annual inflation at an 18-year high of 5.1 per cent. Statistics New Zealand said that for...
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