FE Report The central bank has relaxed rules relating to payment through international credit cards to facilitate foreign exchange transactions, officials said. Under the new rules, government officials, private sector officials, private foreign currency accounts holders and pilgrims will be...
Kayes M SohelThe Regulatory Reforms Commission (RRC) has drafted a proposal for annulment of Public Servants (Retirement) Act, 1974 in order to bring transparency in the government's actions.The Act in its section 9 (2) says the government may, if it...
A total of 3,239 successful candidates have been selected provisionally for appointment in government jobs, as Bangladesh Public Service Commission (PSC) Tuesday published the results of the trouble-ridden 27th BCS examination, reports UNB.Of the selected candidates, 2,417 are male, while...
FE Report The central bank may suspend the licence of a money changer any time without showing any reason in case of violation of any rules and regulations relating to foreign exchange transactions, a circular said Tuesday.'We've amended the order...
FE ReportThe National Board Revenue (NBR) Monday signed separate agreements with four pre-shipment inspection (PSI) agencies for a new tenure up to December 2009. The PSI companies are---SGS (Bangladesh) Limited, Bureau Veritas BIVAC (Bangladesh) Limited, Intertek Testing (ITS) Limited and...
FE ReportThe much-expected public hearing on the proposed natural gas tariff hike for all types of consumers will be held today (Wednesday) in the Bangladesh Energy Regulatory Commission (BERC) office.A good number of stakeholders including trade bodies, gas distribution companies,...
Despite repeated assurances from the top policymakers in the government, there is virtually no improvement in the country's gas and power supply situation, reports UNB.In the last 18 months of the post-1/11 caretaker government, there was no significant breakthrough in...
FE Report Several hundred workers of a closed apparel factory staged demonstration and temporarily blockaded the Dhaka-Mymansingh Road Tuesday demanding payment of their arrears salaries and bonus. The agitated workers of Roots Apparels in Uttar Khan gathered at Azampur and...
The BNP led 4-party alliance at meeting Monday called for deferring the upazila polls, relaxing party registration rules and amending the Representation of People Order to ensure equal opportunity for all the parties in contesting the ensuing election, reports UNB.The...
Awami League acting President Zillur Rahman Monday urged the Election Commission to defer the date of upazila elections by one to two months, reports UNB.He, however, personally thinks that his party would take part in the upazila elections on the...
FE Report The government has enhanced the price of Barapukuria coal for Bangladesh Power Development Board (BPDB) by nearly 20 per cent at US$71.50 a tonne from the previous $60, official said.From now on the BPDB will have to purchase...
Siddique Islam Bangladesh taka (BDT) has appreciated marginally (0.017 per cent) against the US dollar following increased inflow of foreign currency in the market.The flow of foreign exchange recorded a sudden rise Monday a foreign commercial bank received a fund...
Two more police stations under Dhaka Metropolitan Police (DMP) start functioning from today (Tuesday). With the two, Darus Salam Police Station and Kadamtoli Police Station, the number of police stations under DMP will rise to 35. On the other hand,...
Five people were killed and 20 injured in a collision on the Dhaka-Bogra highway near Mirzapur Bazaar in Sherpur under Bogra Monday afternoon. Witnesses and police said one Bogra-bound bus from Dhaka hit another from behind at about 5pm. The...
Bangladesh Shipping Corporation (BSC) is turning into a public limited company (PLC) to start its journey through management restructuring under the ongoing reform move aimed at state-owned enterprises. The changed nomenclature of the corporation will be Bangladesh National Shipping Company...
FE Report Renowned economist Wahiduddin Mahmud Monday said the traditional private financial institutions, which operate credits and deposits in free market economy, are hardly pro-poor.Professor Mahmud, a former adviser of caretaker government, said only social institutions like cooperatives could operate...
Ruling out the possibility of jettisoning the electoral reforms as demanded by BNP and its allies, the Election Commission (EC), instead, agreed to relax some provisions for registration of the political parties, reports UNB.Chief Election Commissioner (CEC) Dr ATM Shamsul...
FE ReportThe government is likely to seek financial assistance from international agencies for the proposed climate change fund in a meeting of the highest forum of the donors today (Tuesday) in Dhaka, officials said Monday."As the government in the London...
FE Report Home-bound people continue to throng the Kamalapur railway station in the city Monday for tickets in advance to celebrate the Eid festival with their dear and near ones. The Bangladesh Railway (BR) which expected to carry around 16000...
Naim-Ul-KarimSenior officials of the BIMSTEC will meet in Dhaka next month to discuss the organizational structure and financing mechanism to establish the sub-regional group's permanent headquarters and select a host country, sources said Monday.They said three countries--Bangladesh, Sri Lanka and...
S M Jahangir Progress has been made in the selection of a US-based firm as the pre-shipment inspection (PSI) audit agency by the technical committee in an official move to prevent revenue leakage and irregularities in the system, sources said.The...
FE ReportA number of commercial banks raised the interest rates on deposit and reduced on lending in the current month aiming to narrow the interest rate spread.At least seven commercial banks increased the interest rates on deposits in September to...
From Fazle Rashid NEW YORK, Sept 22: The first presidential debate for the race to the White House has been set for Friday. The 90-minute event scheduled for 9.0 p.m. Friday (Saturday 7.0 a.m. Dhaka time) will be held at...
Tourism is the fastest growing service-industry in the world today and prospects of it are very bright. There are some countries that have traditionally lived off tourism such as Switzerland in Europe. Other countries in Asia, Latin America and elsewhere...
Imtiyaz HossainTHE Grameen Phone may, according to a news report published in the FE on September 19 last, have to halve the size of its earlier proposed Initial Public Offering (IPO) due to the latest directive of the National Board...
Ataul KarimThe caretaker government said many times right from the start of its tenure that it attaches high priority to a lively and functional press as it can have feedback from the press, needed for good governance. Whether the government...
A week ago I was in Kolkata when a Times of India story caught my eye. The title was "Bangladesh building missile arsenal"! The report said that we were in the process of clinching a deal with a European company...
WITH urbanisation and affordability of television and dish antenna connection in the homes of the lower middle class and even slum dwellers, too many youngsters these days have got exposed to the lives of the very affluent families and their...
Philip StephensTowards the end of next January, the US and Europe are going to wake up with a jolt. A new American president will be told that, for the first time in its history, the US is a nation entering...
Maswood Alam Khan from Rockville, Maryland, USAA few weeks back American political scientist Bernard Lewis, who is more known as the US authority on the study of Islam and President George Bush's favourite historian, predicted: "Our world is on the...
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