The High Court (HC) Monday granted bail for three months to detained ex-Health Minister Sheikh Fazlul Karim Selim in an ill-gotten wealth case, reports UNB.Granting the ad interim bail, a vacation bench, comprising Justice Mirza Hussain Haider and Justice Mamnoon...
CHUADANGA, Sept 15 (UNB): A court here Monday convicted a regional leader of an outlawed party and sentenced him to death for killing BNP leader Nur Ali in 2005.The convict is Yusuful Goni alias Khairul, of Sonadanga village of Khulna....
Jasim Uddin Haroon The country's youngest steel manufacturer said it has become the country's first company to export billet worth US$2.5 million amid high demand for its products in the Gulf nations and South East Asia.GPH Ispat Limited, a Chittagong-based...
NEW YORK (Reuters): Global markets plummeted on Monday after investment bank Lehman Brothers filed for bankruptcy protection, rival Merrill Lynch agreed to be taken over and the Federal Reserve threw a life line to the battered financial industry.As a deepening...
The anti-corruption drive launched in early 2007 by the army-backed government in Bangladesh is falling apart due to sloppy legal work and lack of expertise, observers say, reports AFP.The government arrested scores of top politicians, including two former premiers and...
Bangladesh and India discussed the possible starting point of demarcation of their maritime boundaries, as the two next-door neighbours began three-day talks in the city Monday, after a lapse of 28 years, reports UNB."The day's focus was on setting the...
Three people, including the director of a garment factory, were killed in separate incidents in the city's Mirpur, Purana Paltan and Agargaon areas late Sunday and Monday, reports UNB.Of the victims, Abdus Salam alias Babu (45), director of Yolk Group,...
Bangladesh Nationalist Party (BNP) submitted Monday a letter to the Election Commission (EC) calling for arranging their overdue dialogue forthwith for a meaningful pre-election discussion, reports UNB."We hope that you will soon arrange a dialogue for taking a meaningful and...
Awami League (AL) Acting President Zillur Rahman Monday threatened to wage a tough movement, if AL President Sheikh Hasina, now in the US for treatment, was not released permanently before Eid-ul-Fitr, reports UNB.Zillur Rahman also accused the government of indulging...
Syed Ishtiaque RezaA World Bank study has suggested increased access to finance, of what it called, the "missing middle" to ensure the growth in rural Bangladesh.It referred micro, small, and medium-size enterprises (MSMEs) and marginal, small, and medium-size farmers (MSMFs)...
The Dhaka Stock Exchange (DSE) started with a flat mood from the very outset of the trade and finished with the same as the main index curve remained almost parallel compared to the previous day's curve. The market barometers -...
The Truth and Accountability Commission (TAC) has so far heard the pleas of 64 corrupt individuals who have agreed to pay more than Tk 150 million to the national exchequer in return of clemency. TAC sources said the Commission Monday...
Seven Bangladeshi firms will take part in the two-day Call Centre Expo 2008 that begins today (Tuesday) in the UK's Birmingham. The firms are Aamra Outsourcing Ltd, HMC Technology Ltd, InGen Technology, Iqra Media Centre, Legato Services Ltd, Orbit Communications...
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...
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