September 14-September 18, 2008Commercial Bank of CeylonUS Dollar value was stable against Bangladesh Taka (BDT) last week due to lack of demand, increased supply and selling of USD to the interbank to get high yielding local taka. Inward remittance from...
China for all practical purposes is an economic superpower today and Bangladesh should consider itself fortunate to have such a powerful economic giant so close to its borders. It is also noted that the People's Republic of China has been...
Syed Fattahul AlimForeign Investment is nowadays universally recognised as the assured path of industrialisation and growth in the developing and the Least Developed Countries (LDCs). And it is exactly along this tested path of development that modern-day China has been...
Amirul IslamComputerisation can help overcome the existing ossified and corrupt system of work at the courts and the land administration. Anyone, who had to step inside a court house in Bangladesh, would agree how outdated and archaic is the system...
THE developments concerning six leading Bangladeshi cricketers who had expressed their intention to play in the breakaway Indian Cricket League ICL) and sought retirement from international and domestic cricket on behalf of the country, are frustrating. There were also hints...
THE law and order situation has, once again, become a matter of serious concern. Almost everyday there are news in the media about either killing of traders or looting of money from traders in broad day light in the city....
Joe Leahy YOU know immediately when you have reached Khejuri. The roads in the communist part of Nandigram, a remote rural area in India's West Bengal state, are lined with crude bamboo flagpoles bearing the communist hammer and sickle. At...
DR. Mohammad HossainJUST a couple of days ago, a leading newspaper carried reports on marketing of counterfeit drugs in the country. The Directorate of Drug Administration (DDA) has passed a simple comment that they do not have adequate manpower to...
Sri Lanka's navy says it has fought a sea battle with Tamil rebels, a day after what the military described as the heaviest day of fighting in weeks, BBC reports. It says that seven Tamil Tiger small boats and three...
JERUSALEM, Sep 18 (AP): Israel's foreign minister declared victory Thursday in a tight race to replace Prime Minister Ehud Olmert as the head of the governing party, getting a chance to be the country's first female leader in 34 years.Tzipi...
LONDON, Sep 18 (AP): When facing allegations of US airstrikes killing or injuring civilians in Afghanistan, it is better to apologise first and investigate later, Defence Secretary Robert Gates says.Gates was in London Thursday for a NATO meeting that was...
ISLAMABAD, Sep 18 (AP): Pakistan said Thursday it was not warned about a suspected US missile strike in its northwest that came the same day a top American official assured Pakistani leaders of US respect for the Muslim nation's sovereignty.The...
WASHINGTON, Sept 18 (AFP):-A former supporter and generous donor to Hillary Clinton announced Wednesday she had endorsed Republican John McCain for president, saying she did so because the Democratic nominee Barack Obama was too elitist. Even before jumping ship for...
12 more arrested in Chinatainted milk scandalSHIJIAZHUANG, Sep 18: More than a 1,000 parents anxious over tainted milk powder Thursday rushed their infants to hospitals for health checks as the government announced that a fourth baby had died in the...
SAN'A, Sep 18 (AP): Authorities arrested at least 25 militants with suspected links to al-Qaida in connection with the deadly attack on the US embassy in the Yemeni capital, a senior security official said Thursday.The Yemeni official said the 25...
BAGHDAD, Sep 18 (AFP): Five American soldiers were killed today when their Chinook helicopter crashed in Iraq while flying from Kuwait, the US military said. The CH-47 Chinook "experienced a hard landing" early Thursday when it was about 100 kilometers...
Monjuara KhatunRAJSHAHI, Sept 18: Ishurdi Export Processing Zone situated at Paksey under Pabna district, the only EPZ in the north-western region of the country, could not start operation in full swing due to various problems.The executives of the EPZ, however,...
FE Report The central bank provided overdraft (OD) facilities for US$25 million to a state-owned commercial bank (SCB) Thursday for settlement of its oil and food grains import bills. "We've provided the OD facilities to the SCB against the government...
FE Report The inter-bank call money rate eased slightly Thursday due to injection of fresh cash into the market. The US dollar, however, remained steady against Bangladesh taka (BDT) in the inter-bank foreign exchange market mainly due to moderate demand...
FE ReportEmirates offered best value-for-money itinerary packages on the occasion of Ramadan and Eid this year.The airline proposed to observe Ramadan and enjoy Eid holidays with African getaways, island specials, shopping jaunts, short city stays - the widest range from...
Local office of Islami Bank Bangladesh Limited (IBBL) organised a discussion meeting on "Role of Waqf, Micro Investment, Zakat and Usr for Poverty Alleviation" and Iftar Mahfil at the BCIC auditorium in the city recently, said a press release.Chairman of...
FE ReportA F Nesaruddin has been appointed as one of the directors of Sonali Bank for three years.Nesaruddin is one of the partners of Hoda Vasi Chowdhury & Co, an affiliated firm of Deloitte, one of the big four global...
Merchant Bank and Investment Division of Prime Bank Ltd organised an awareness workshop for investors recently, said a press release. Managing Director M Ehsanul Haque and DMD of the bank Syed Mahbubur Rahman gave welcome speeches. Executive Director (Surveillance and...
Bangladesh ambassador-designate to Morocco Mosud Mannan called on Bangladesh Association of Software and Information Services (BASIS) president Habibullah N Karim recently. Vice-president of BASIS Shameem Ahsan, Secretary General Nahid Ahmad, Secretary M Nurul Amin and Programme Manager Hashim Ahmed were...
FRANKFURT, Sept 18 (AP): European stocks halted three days of losses in early afternoon trading Thursday, rising slightly after a concerted effort by central banks to pump billions more US dollars into troubled money markets and limit the global financial...
HONG KONG, Sept 18 (AFP): Asian stock markets dropped sharply again Thursday as the global financial crisis deepened on reports of trouble at more US banks, including Wall Street powerhouse Morgan Stanley.Markets across the region fell hard in early trade,...
ICB sales 86,35,700 shares of TitasAs reported by the selling agent ICB, a total of 86,35,700 shares of Titas Gas Transmission and Distribution Company Limited were sold up to Thursday (September 18) out of 2,14,11,728 shares.Degradation of sharesThe shares of...
FE ReportAKTEL, one of the largest cellular phone operators in the country has received 'The Weekly Financial Mirror - Robintex Business Performance Award 2007-08' for its best network, corporate social responsibility and sustained cellular telephony service. A function was held...
Visa Inc. has appointed TBWA Worldwide, an Omnicom communications company, its global lead strategic and creative agency following a thorough review of Visa's incumbent agencies. The appointment will come into effect from January 1, 2009, said a press release.Speaking on...
The board of Unilever mulls to appoint Mr Paul Polman (52), currently executive vice president and zone director for the Americas at Nestlé SA, as Group chief executive to succeed Patrick Cescau.Mr Patrick served the business for 35 years and...
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