Shahiduzzaman KhanEveryday, 50 used or new cars are hitting the city roads on an average. The Chittagong Port has been flooded with a large number of cars. Another consignment of 5000 new and reconditioned cars are coming from Japan. The...
FE ReportThree companies, Bangla Lion Communications, Brac Bdmail Network Ltd and Aguri Wireless Broadband Bangladesh Ltd, have won the licences to operate WiMAX or Broadband Wireless Access in Bangladesh at a total cost of Tk. 6.35 billion.The companies were awarded...
Shakhawat Hossain Chief Adviser Fakhruddin Ahmed has asked the Bangladesh Bank (BB) to prepare a 'strong plan' for an efficient liquidity management against the backdrop of higher growth in net domestic asset (NDA) and net foreign asset (NFA), finance ministry...
FE ReportDhaka stocks continued to rally Wednesday for the fifth consecutive session, led by leasing issues with an increase in the turnover.The market opened on a positive note and pushed the main index up by over 36 points in the...
FE ReportThe Grameenphone (GP) has extended time for the pre-IPO (initial public offering) bid to facilitate participation of institutional investors, says a GP press release Thursday.But the press release did not mention any deadline for participation by the investors. Earlier,...
Mushir Ahmed The government is considering litigation against global soft-drink giant Coca-Cola after it scrapped a four-decade long deal with the state-owned bottler Tabani beverage, an official said Wednesday.Masud Ahmed, director general of government's Freedom Fighters Welfare Trust, which owns...
MUMBAI, Sep 24 (Reuters): Tata Motors, India's top vehicle maker, has started moving equipment from its factory in West Bengal, the Times of India newspaper said on Wednesday, as the company scrambles to launch the ultra-cheap Nano car as planned....
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...
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...
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...
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)...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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