Syed Ishtiaque RezaLAST week a group of World Bank high officials were in Dhaka to address top government officials, business leaders and media about the usefulness of the Special Economic Zones (SEZs). Amidst the general discussion on foreign direct investment...
Peter MarshTHE chief executive of Geekay Polymers, an Indian maker of plastic parts, knew he had a problem. Tiny air bubbles had appeared inside some of K. Kannan's injection-moulded components, revealing a fault in the manufacturing process that was already...
Iqbal MahmudIT is really a good decision of the government to cancel some allotments of plots on Hatirjheel and Begunbari canals. All, particularly the green activists, should extend their allout support to this move of the government, because they are...
SUCCESSIVE governments in Bangladesh claimed that they followed a path of using education as the means to attaining economic progress. But the claims have proved to be not tenable in the backdrop of the prevailing education systems in the country...
SUFFERINGS of the city commuters are increasing day by day in absence of real passenger-friendly taxicab service. Innumerable reports were published on the bad condition of this important service in the capital city. But hardly any positive change in the...
FE Report Bangladesh needs to end its international gateway monopoly, which makes overseas calls expensive, and strengthen its telecommunications regulator for proper allocation of spectrum frequencies aiming to rejuvenate economic activities.GSM Association, a global trade association of mobile phone operators,...
FE ReportBalaka Exchange Pte Ltd (BEPL), owned by National Bank Limited (NBL), has been inaugurated in Singapore. High Commissioner of Bangladesh in Singapore Munshi Faiz Ahmed and NBL Chairperson Parveen Haque Sikder jointly inaugurated the exchange house.NBL Director Zakaria Taher,...
FE ReportBeximco Pharmaceuticals Ltd. (BPL), the leading-edge pharmaceutical manufacturer and the largest pharmaceutical exporter of Bangladesh, has recently introduced Nitrosol®, an advanced propellant-driven lifesaving Glyceryl Trinitrate (GTN) spray, in Bangladesh, a company statement said Thursday.GTN is a standard therapy for...
FE ReportA day-long half-yearly conference of heads of zones and branches under Comilla and Sylhet zones of Islami Bank Bangladesh Limited (IBBL) was held recently at Comilla. IBBL board of directors Vice-Chairman Zainul Abedin inaugurated the conference as the chief...
FE ReportInternational Institute of Business Analysis (IIBA) has formed its Bangladesh chapter at a general meeting held at its office in the city recently, said a press release.The meeting has formed a five-member executive committee to operate IIBA Bangladesh chapter...
Our Correspondent CHITTAGONG, Jul 12: Chittagong surpassed its tax realisation target as the port city collected Tk 740 million more than the target set for its three taxation zones during the fiscal 2006-2007 ended on June 30 last, sources said.The...
The ACME Laboratories Ltd, one of the largest pharmaceutical companies in the country, has launched a new non-sedative muscle relaxant drug A-Calm (Tolperisone), said a press release. The product is marketed as 50 mg tablet. A-Calm is indicated for low...
Concern Worldwide (CW) and PKSF Wednesday signed a memorandum of understanding (MoU) paving the way for 15 local NGOs to benefit from micro-finance funds to improve the lives of the extreme poor, reports UNB.PKSF General Manager MA Hakim and Concern...
FE ReportThe 79th meeting of the board of directors of Shahjalal Islami Bank Limited (SJIBL) was held in the city Wednesday with its Chairman Sajjatuz Jumma in the chair. The meeting approved a number of investment proposals and discussed various...
WASHINGTON, July 12 (AFP): The White House yesterday cut its forecast for the federal budget deficit this year to 205 billion dollars, saying an expanding economy will boost tax revenues. The projection for the 2007 fiscal year to September 30...
YANGON, July 12 (Xinhua): Myanmar will allow private businesses to open account at banks in foreign countries through legal channels to encourage engagement in foreign trade, the local Myanmar Times reported today. The green light was given at a recent...
STRASBOURG, July 12 (AFP): European Central Bank (ECB) President Jean-Claude Trichet urged governments yesterday to reserve their opinions about foreign exchange rates for Group of Seven (G7) meetings. Speaking to members of the European Parliament, Trichet said: "We are in...
MANILA, July 12 (BSS/AFP) - The sacking of a tax collector has raised fears that corruption and unrealistic expectations may scupper government revenue targets, jeopardising the fiscal reform package in the Philippines. That package had been winning President Gloria Arroyo...
PANAMA CITY, Panama, July 12 (AP): Panama's legislature ratified a free trade agreement with the United States Wednesday amid protests by hundreds of leftists and farmers opposed to the deal.The National Assembly's approval of the pact by an overwhelming 58-3...
NEW YORK, July 12 (AP): A sharply increasing portion of America's working mothers say their ideal situation would include a part-time job, rather than working full time or staying at home, a new national survey finds.The Pew Research Centre survey,...
WASHINGTON, July 12 (AFP): Fresh troubles in the subprime segment of the US housing market have reignited fears of contagion that could affect the broad financial sector and possibly the broader economy, analysts say. Those fears were fanned this week...
BRASILIA, July 12 (AFP): Brazil yesterday filed a complaint with the World Trade Organisation (WTO) over US farm subsidies between 1999 and 2005, the foreign ministry said in a statement. Going back on an earlier decision to join Canada's complaint...
KATHMANDU, July 12 (BSS/Xinhua) -- The rate of Nepali economic growth for the fiscal year 2006/2007 has been estimated to be 2.5 percent, the national news agency, RSS, reported today. This is stated in the Economic Survey for Fiscal Year...
TOKYO, July 12 (AFP): The Bank of Japan (BoJ) today left its super-low interest rates on hold at 0.5 per cent but the vote was split 8-1 with one policy board member calling for a rate rise. Atsushi Mizuno, who...
SINGAPORE, July 12 (AFP): Singapore can expect to conclude a free trade agreement with China by next year, a top government official said in remarks published today after meeting China's Vice Premier Wu Yi. Talks on the FTA began last...
SYDNEY, July 12 (AFP): Australia's unemployment rate rose to a seasonally adjusted 4.3 per cent in June from a record low of 4.2 per cent in May, official figures showed today. Market analysts had expected the jobless rate to have...
FE ReportA contribution agreement has recently been signed between Energypac Agro Limited (EAL) and IDLC of Bangladesh Ltd (IDLC) to assist in creating a joint venture with a foreign partner for producing value added coconut coir products for both domestic...
SINGAPORE, July 12 (AFP): Oil prices were higher in Asian trade today as the market continued to fret over US gasoline (petrol) reserves, dealers said. New York's main oil futures contract, light sweet crude for August delivery, was eight cents...
NCC Bank Ltd organised a day-long workshop on 'MoneyGram and Anti Money Laundering Compliance' for its executives and officers at its training institute in the city recently, said a press release. Deputy Managing Director of the bank SM Shamsul Alam...
Our CorrespondentBRAHMANBARIA, July 11: The government has realised Tk 62.496 million (6.2496 crore) as land development tax in the district through 76 'tahshil' offices in the 2006-07 financial year, said sources.The target of realising land development tax in Brahmanbaria was...
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