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...
Kamrun Nahar RumaMITU Marium, a fourth-year student of Dhaka University's Mass Communication and Journalism Department, got married recently. One afternoon, while attending a class, she felt dizzy and fell on the floor. Mitu was rushed to a clinic and doctor...
MOSCOW, Sept 22 (AFP): The global financial crisis has so far cost Russia up to 15 billion dollars in capital flight and may raise inflation up to two per cent higher than foreseen, Finance Minister Alexei Kudrin said yesterday. "We...
UNITED NATIONS, Sept 22 (Xinhua): "That is our strong belief. It is the belief of the secretary-general as well," said UN Deputy Secretary-General Asha-Rose Migiro when asked if she believes the Millennium Development Goals (MDGs) will be realised as envisioned...
UNITED NATIONS, Sept 22 (AFP): The United States has agreed to join Singapore, New Zealand, Chile and Brunei in a free trade agreement which could set the pace for a broader Asia- Pacific free trade area, officials said. US Trade...
SYDNEY, Sept 22 (AFP): Australian export earnings are set to hit record levels this year due to continued strong demand for raw materials despite a global economic slowdown, the nation's chief forecaster said today. But Australia's economy will not be...
NEW DELHI, Sep 22 (PTI): After clinching a deal for an FTA with ASEAN, India will move fast to complete negotiations in the next few months for pacts with Japan and South Korea that will open trade in goods as...
WASHINGTON, Sept 22 (AFP): In any other year, a Sunday morning six weeks before a US election would be a feast of low blows and flying elbows, with presidential campaign operatives trading punches on television talk shows. Not this Sunday....
HONG KONG, Sept 22 (AFP): Asian currencies ended the week mostly up against the dollar, weakened by the ongoing financial crisis in the United States, but dealers said markets would likely remain volatile. JAPANESE YEN: The yen jumped against the...
Our CorrespondentGAIBANDHA, Sept 22: The construction work of 4-km long embankment at Ratanpur, Singria and Katlamari areas under Fulchhari upazila in the district is nearing completion under the supervision of Bangladesh Army.Bangladesh Water Development Board (BWDB) is implementing the scheme...
SINGAPORE, Sept 22 (AFP): World oil prices were higher in Asian trade today as investors reacted to moves by the US to help investment banks Goldman Sachs and Morgan Stanley survive a financial crisis that has shaken global markets, dealers...
CARACAS, Sept 22 (AFP): Venezuela will buy combat and training aircraft from China this week, leftist Venezuela President Hugo Chavez confirmed in a television broadcast yesterday. The purchases will be made as part of a six-country tour, Chavez said in...
REDMOND, Wash, Sept 22 (AP): Software giant Microsoft Corp. said Monday its board approved a plan to buy back up to another $40 billion of its shares.The program expires on Sept. 30, 2013. As of July 28, Redmond, Wash.-based Microsoft...
RICHMOND, Va, Sept 22 (AP): Auto retailer CarMax Inc. said Monday its second-quarter earnings plunged 78 per cent as a weak economy and high gasoline prices eroded its sales.The Richmond, Va.-based company said earnings for the quarter ended Aug. 31...
BAGHDAD, Sept 22 (AFP): Embattled Iraq will spend nearly 79 billion dollars on reconstruction, public utilities and welfare in 2009, a 58 per cent jump from this year, the government announced yesterday. Higher oil prices have swollen earnings from petroleum...
KUALA LUMPUR, Sept 22 (AFP): Malaysia's finance minister will decide after a briefing on Monday if the ringgit will be re- pegged, to reduce the impact of the weakening US dollar on the currency, a top minister said yesterday. Second...
FE ReportDhaka Stock Exchange (DSE) has stressed the need for avoiding double taxation of listed companies to encourage non-listed companies to list on the exchange."The non listed companies will feel discouraged to go public with the existence of double taxation...
FE Report The inter-bank call money rate maintained steady level Monday due to adequate flow of cash in the market . The US dollar, however, lost ground against Bangladesh taka (BDT) in the inter-bank foreign exchange market because of sufficient...
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