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9-day holiday in bourses from tomorrow

2008-09-25 00:00:00

Trading of country's two stock exchanges will remain suspended from tomorrow (Friday) for a nine-day period in observance of Sheb-e-Qadr and Eid-ul-Fitr. "Today (Thursday) is the last trading day ahead of Eid as the Dhaka Stock Exchange (DSE) board has...

Banks to keep branches open Sunday

2008-09-25 00:00:00

Bangladesh Bank has ordered private banks to open some of their branches in Dhaka and Chittagong half day Sunday, although the day falls on a public holiday, following appeals of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Bangladesh Knitwear...

Banks asked to submit reports within 15 days of next month

2008-09-25 00:00:00

FE Report The central bank has asked the commercial banks to submit reports on profit repatriation by the foreign airlines, shipping lines and courier services within 15th of next month. "We have taken the decision aiming to strengthen our monitoring...

BPO to shut down 120 post offices due to lack of business, manpower

2008-09-25 00:00:00

Mahmuda ShaolinAuthorities have planned to shut down 120 post offices including 20 in the capital Dhaka and port city of Chittagong, this month due to lack of business growth and manpower shortage, an official has said. Bangladesh Post Office (BPO)...

Petrobangla's gas price hike proposal opposed

2008-09-25 00:00:00

FE ReportThe energy sector stakeholders including trade bodies, consumers' associations and members of the civil society in a public hearing Wednesday opposed Petrobangla's proposal of raising the gas price by 65 per cent on an average for all categories of...

AL, allies, their likes agree to revive grand alliance

2008-09-25 00:00:00

The Awami League-led 14-party alliance, Jatiya Party, Liberal Democratic Party, Bikalpa Dhara Bangladesh and several Islamic parties Wednesday promised to revive their grand alliance to defeat the BNP-Jamaat coalition in the upcoming elections, reports UNB.Top leaders of the parties, who...

Eid shopping gains momentum

2008-09-25 00:00:00

FE Report Eid shoppers in large numbers are turning out in the markets with the big festival only a week away.Shop keepers in all areas of the city have show-cased their special products since the start of Ramadan to see...

Tenure of TAC extended by a month

2008-09-25 00:00:00

FE ReportThe tenure of the Truth and Accountability Commission (TAC) has been extended by one more month until October 30 as the response from businessmen and bigwigs has been unexpectedly low since its inception.A total of 252 applications have been...

Forex reserve now $5.84b

2008-09-25 00:00:00

FE Report The country's foreign exchange reserve stood at US5.84 billion Wednesday marginally up from $5.74 million of the previous day following increased inflow of foreign currency in the market, officials said. The flow of foreign exchange recorded a rise...

95pc RMG units pay timely: BGMEA

2008-09-25 00:00:00

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has claimed that the vast majority of ready-made garment (RMG) units pay their workers timely, reports bdnews24.com. "I would like to assure you that almost 95 per cent of RMG factories pay their...

Life after Doha: Why FTAs are good

2008-09-25 00:00:00

Jorge HeineThe collapse of the Doha Round, the first post World War II multilateral trade round has brought to the fore the issues that need to be moved forward for trade liberalisation. This has coincided with the publication of an...

Do they care about the nation's expectations?

2008-09-25 00:00:00

Mohammad A SattarTHE question that disturbs many now is whether Bangladesh would revert to the past politics of irresponsible utterances and erratic conduct of leaders. Many of them tend to forget that it is the responsibility of the politicians to...

Policies on merchant power plants, renewable energy

2008-09-24 00:00:00

There has been no dearth of government initiatives in recent years to beef up generation of power to meet the rising demand for the same. But for reasons best known to the authorities concerned, most plans and programmes for setting...

Support for religious extremism eroding

2008-09-24 00:00:00

Fazle Rashid from New YorkMORE women are getting involved in politics worldwide than in the past decade, revealed a UN study. Women parliament members worldwide account for 18.4 per cent. The survey was conducted by the UN Development Fund for...

The changing concept of security

2008-09-24 00:00:00

Syed Ashraful HasanThe traditional concept of security has undergone a sea change. Previously, a state's security was identified mainly with military security. Developments at the international, regional and local levels over the last three decades or so, proved this to...

Is the poultry sector heading for the abyss?

2008-09-24 00:00:00

Whether we realise it or not, the poultry sector of the country is facing disaster. Reports of the grim situation have been highlighted by the media. About 220 billion takas had been invested in the sector. Currently, that investment has...

Contaminated milk

2008-09-24 00:00:00

Bangladesh is one of the countries which import powdered milk from China. In China, milk added with melamine, used in plastics, has been blamed for causing severe renal problems and kidney stones among children. It caused death to a number...

Browsing Newspaper on Mobile

2008-09-24 00:00:00

You can browse every newspaper - including your esteemed daily The Financial Express - on your mobile phone connected with Internet.Also you can browse LETTER TO EDITOR on your cell phone, having taken the net connection from mobile operators at...

Happy Peace Day!

2008-09-24 00:00:00

Mohammad Shahidul IslamTHE first Peace Day was observed in September, 1982. The United Nations General Assembly, in 1981, declared in a resolution sponsored by Costa Rica, the third Tuesday of September (the opening day of regular sessions of the General...

Meeting of the two political leaders

2008-09-24 00:00:00

Mohammad Ataul HoqueWith the sudden change in the national political scenario, there are suggestions for holding a meeting between the leaders of two "major" parties. But no one has specified anything about its agenda or its ultimate goal. These two...

Call on rich nations to honour their pledge to double annual aid

2008-09-24 00:00:00

UNITED NATIONS, Sept 23 (AFP): A UN summit on Africa's development wrapped up here yesterday with a call on rich countries to honor their pledge to double their annual aid to the continent, which is struggling to meet poverty reduction...

US holiday sales set for worst gain in six years

2008-09-24 00:00:00

NEW YORK, Sept 23 (Reuters): The tumultuous economic climate will constrain US holiday sales growth to its lowest level in six years and a turnaround is not likely until the second half of next year, a leading retail trade group...

OECD supports US financial rescue plan

2008-09-24 00:00:00

PARIS, Sept 23 (Internet): The Organisation for Economic Cooperation and Development (OECD) grouping of 30 leading economies welcomed the 700-billion-dollar US plan to bail out the financial system Tuesday, saying markets should stabilise as policymakers worked on the details. In...

India eases foreign borrowing rules to aid infrastructure

2008-09-24 00:00:00

NEW DELHI, Sept 23 (AFP): Indian companies building badly needed infrastructure, seen as key to economic growth, can now borrow more abroad, the government announced, to counter a domestic borrowing crunch. Firms working to improve dilapidated roads, gas, ports and...

Singapore's GIC reports 7.8pc annual return

2008-09-24 00:00:00

SINGAPORE, Sept 23 (AFP): The government of Singapore Investment Corporation (GIC), one of the world's largest sovereign wealth funds, said today its nominal annual rate of return over the past 20 years was 7.8 per cent in US dollar terms....

Crude oil trades lower after biggest one-day gain

2008-09-24 00:00:00

SINGAPORE, Sept 23 (AFP): Crude oil traded lower in Asia today after the benchmark New York futures contract soared more than 16 dollars for its biggest one-day gain ever. The massive price surge stemmed partly from hopes that a US...

Oxfam calls for bold leadership to fight poverty

2008-09-24 00:00:00

NAIROBI, Sept. 23 (Xinhua): International aid agency Oxfam yesterday called on world leaders to redouble their efforts to fight the impact of rising food and fuel prices, which it said are eroding real gains in poverty reduction. Oxfam said in...

Dollar trades mixed as uncertainty weighs

2008-09-24 00:00:00

SINGAPORE, Sept 23 (AFP): The dollar traded mixed today but remained volatile as traders waited for more details on a US government plan to buy mortgage-related assets at the root of a global financial crisis, dealers said. The greenback eased...

Third Indo-Nepal Power Summit begins

2008-09-24 00:00:00

KATHMANDU, Sept 23 (PTI): To explore hydro power cooperation between India and Nepal, Minister of State for Commerce and Power Jairam Ramesh along with a 60 member delegation will participate in a two day power summit beginning today. The Third...

No price hike of essentials in Faridpur during Ramadan

2008-09-24 00:00:00

Our CorrespondentFARIDPUR, Sept 23: There has been no adverse effect of Ramadan on the rural markets in the district of Faridpur. The price of the essential commodities has not increased during the month, rather, in some cases, the price has...