FHM Humayan KabirThe highest public procurement body -- government purchase committee -- is likely to allow two international oil companies (IOCs) today (Tuesday) to explore prospective huge untapped oil and gas in the Bay, an official said Monday.Under the Offshore...
BEIJING, Sept 15: Chief Adviser (CA) Fakhruddin Ahmed today said his caretaker government is almost at the end of achieving its goal of holding a free, fair and credible general election within December this year, reports UNB. "We hope and...
Shakhawat Hossain Sagar was breathing heavy and sweating hard while carrying a bag full of junk iron he collected from sewers under melting sun. He gave a broad smile after putting his bounty at a Swamibagh scrap iron shop in...
Siddique Islam The rate of overall default loans in the non-banking financial sector climbed to 8.0 per cent in June this year from 6.0 per cent registered three months earlier, officials said. The non-performing loans (NPLs) have increased by 2.0...
FE Report The central bank provided overdraft (OD) facilities for US$23 million to a state-owned commercial bank (SCB) Monday for settlement of its oil import bills. "We've provided the OD facilities to the SCB against the government approved securities to...
FE ReportThe government Monday launched the '100-day Employment Generation Programme' by providing temporary jobs to the unemployed poor people in rural areas across the country for at least 100 days in a year. The programme is aimed at bringing some...
WASHINGTON (AP): Democrat Barack Obama laid into the Republican or Grand Old Party (GOP) opposition Monday as Americans awoke to fearsome news from Wall Street - the disappearance of two investment banking stalwarts - as the US economy faced what...
LONDON, Sept 15 (AFP): Oil prices plunged Monday to seven-month lows below 93 dollars on prospects of weaker energy demand amid a worsening global financial crisis after Lehman Brothers' bankruptcy, analysts said. In London, Brent North Sea crude for delivery...
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...
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