Dr Debapriya Bhattacharya, Permanent Representative of Bangladesh in Geneva, Monday was elected president of Trade and Development Board (TDB) of the United Nations Conference on Trade and Development (UNCTAD) for one year, reports UNB. Ambassador Dr Debapriya was unanimously elected...
The government late last year established the Bangladesh Better Business Forum (BBBF) to help foster better public-private partnership for promotion of business activities and acceleration of economic growth. Five working groups, co-chaired by public and private sector representatives, were formed...
Syed Fattahul AlimThe finance and planning adviser has spoken with an air of uncertainty about the prospect of continued trend of growth of the economy after the expected political change following the national election scheduled in December next. He, however,...
Khademul IslamA non-traditional source of energy of much potential in the rural areas of Bangladesh is solar power. It is very well-suited for rural Bangladesh because it does not involve expending so much resources on wires, poles and other equipment....
WORLD Vision, an international NGO, recently released a report that revealed that Bangladesh has the highest number of child brides. Early marriage brings an abrupt end to the girls' education thereby endangering their health. World Vision said more than half...
The Chief Adviser, Dr Fakhruddin Ahmed, during a recent visit to China showed interest to know how China achieved rapid economic growth and social progress. Not only China, many other Asian countries can be followed for development. Malaysia and Singapore...
WE see news in the national dailies including The Financial Express about liquidity shortage in the financial institutions. It is true that under the state of emergency, the politicians, business community and moneyed men remain under known or unknown fear....
Simon Kennedy and John RegaEuropean finance ministers and central bankers said they had no plans to follow the U.S. in stimulating their economy and failed to agree on ways of rescuing any foundering financial institution. As U.S. officials in Washington...
Henry MeyerWhen it comes to containing Russia, the invisible hand of the markets may be the West's most potent weapon. Tightening access to international credit and mounting stock losses are hurting Russian billionaires as well as state- owned corporations, prompting...
Mohammad Ataul HaqueSo, finally all the promises for political and electoral regulatory reforms, corruption-free society, freeing politics from musclemen and black money holders etcetera have now ended in fiasco like bursting of bubbles in the ocean. All the alleged corrupt...
WASHINGTON, Sept 15 (PTI): The US is in a "once-in-a-century" financial crisis and chances of it escaping a recession next year is less than 50 per cent, former Chairman of Federal Reserve Alan Greenspan said yesterday. Greenspan, whose voice and...
LONDON, Sept 15 (AFP): Britain's main association of business leaders became the latest group today to warn that the country was slipping into a recession, although it said the downturn should be short-lived. In its latest economic forecast, the Confederation...
BEIJING, Sept 15 (Reuters): China's central bank, acting against a background of extreme stress in global financial markets, cut benchmark lending rates by 0.27 percentage point Monday.The cut lowers the cost of one-year bank loans to 7.20 per cent.Benchhmark deposit...
GENEVA, Sept 15 (AFP): The European Union today proposed updating a World Trade Organisation (WTO) agreement on high-technology products to include new models and neutralise a complaint from the United States, Japan and Taiwan. "We need an ITA (information technology...
COLOMBO, Sept 15 (AFP): Sri Lanka's central bank today kept its key interest rate on hold for the 19th straight month as inflation showed signs of easing, a statement said. The Colombo-based bank left its benchmark repurchase rate unchanged at...
BANGKOK, Sept 15 (AFP): Thai exports are set to expand by up to a quarter this year, beating the government's target despite the kingdom's relentless political turmoil, commerce minister Chaiya Sasomsap said today. "This year exports are expected to grow...
SINGAPORE, Sept 15 (AFP): World oil traded below 100 dollars in Asia today after early assessments showed the damage to US oil platforms by Hurricane Ike was not as bad as first feared, analysts said. Prices were also capped by...
SINGAPORE, Sept 15 (AFP): The dollar slumped in Asian trading today, pressured by growing worries about the state of the US financial system as investment bank Lehman Brothers appeared set to collapse, dealers said. Moves by the US Federal Reserve...
Our CorrespondentNilphamary, Sept 15: Harvesting of short duration anti-Monga variety of paddy BRRI 33 is expected to begin in the last week of September, gaining momentum in the first week of October.Cultivation of this variety of paddy is increasing gradually...
SEOUL, Sept 15, (AFP): North Korea, which is suffering chronic food shortages, called today for all-out efforts to reap a good harvest, which it said was the most urgent task facing the communist country. "Autumn-harvesting is the most important task,"...
WELLINGTON, Sept 15 (AFP): New Zealand "blew the whistle" on the sale of tainted milk powder in China, linked to at least one death, after local Chinese authorities refused to act, Prime Minister Helen Clark said today. Her revelation came...
BRUSSELS, Sept. 15 (Xinhua): The European Union (EU) has decided not to impose provisional anti-dumping duties on Chinese steel products, the European Commission said Saturday. But the EU will continue its investigation on whether to impose definitive anti-dumping duties. The...
HANOI, Sept 15 (AFP): Vietnam today launched a locally made ethanol-blended gasoline with the view to "ensure national energy security and reduce the economy's dependence on oil products", said oil giant PetroVietnam. Gasohol E5, which is five per cent ethanol...
Kayes M SohelThe process of collecting IPO (initial public offering) refund warrant money can be completed through depository participants (DPs) instead of commercial banks in order to cut time. This was proposed by some members of the 10-member committee, formed...
FE ReportSocial Investment Bank Ltd (SIBL) has been renamed as Social Islami Bank Ltd. The approval came at the 5th extraordinary general meeting (EGM) of the bank recently where allocation of 1:1 right shares was also approved. After the EGM...
A total of 316 taxpayers from across the country were awarded crests and credentials at a function held Monday to mark observance of the first National Income Tax Day with the aim of sensitising the public about tax-related issues, reports...
FE Report The inter-bank call money rate remained steady Monday despite strong demand for cash. The US dollar also retained its strength intact against Bangladesh taka (BDT) in the inter-bank foreign exchange market mainly due to sufficient supply of the...
Our CorrespondentFARIDPUR, Sep 15: Goalundo Textile Mills has been closed due to serious production shrinkage for acute crisis of raw cotton as well as excessive load shedding. Over 700 workers and employees of the mill became unemployed due to the...
FE ReportICB Asset Management Company Ltd (ICB AMCL), subsidiary of Investment Corporation of Bangladesh (ICB), announced Net Asset Value (NAV) of its four mutual funds.The total NAV of ICB AMCL First Mutual Fund stood at Tk 18,87,05,100.36 on the basis...
Sonali Bank Limited has earned "Best Brand Bangladesh 2008" award in the financial category. Bangladesh Brand Forum distributed the award to the bank at a ceremony held at Dhaka Sheraton Hotel in the city recently, said a press release. This...
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