Finance Adviser Mirza Azizul Islam said Thursday they were trying to bring back money apparently funneled out of the country by corrupt politicians and business magnets."We're on that track. Bangladesh Bank is doing its best… government is trying its best,"...
The Anti-corruption Commission (ACC) has summoned 13 more corruption suspects to submit their wealth statement and far more are within the dragnet of the watchdog, as the purge seems to be picking up on a higher scale, reports UNB."We have...
FE Report The Asian Development Bank (ADB) and the Government of Bangladesh Thursday signed loan agreements of US$465 million to further develop the power sector of Bangladesh and help ensure the delivery of reliable electricity supply to its people. This...
FE Report Loan defaulters, tax evaders and persons convicted of crimes, corruption and moral turpitude will not be eligible to participate in the country's apex trade body election to be held August 16 next.Members of the Federation of Bangladesh Chambers...
M Azizur RahmanThe government's aim to generate 5,875 megawatt (MW) of additional electricity by next five years (2007-2012) to address a chronic electricity supply shortfall seems a forlorn possibility in a state of poor gas supply.Sources said in its plan...
BANDARBAN, Jun 28 (bdnews24.com): Joint forces have rescued Danida driver Mohammad Hanif from captivity, three days after he was abducted along with another staffer, said Chittagong divisional commissioner Mokhlesur Rahman Thursday. About 200 members of BDR and army launched an...
The tenure of BNP secretary general will also be same as of the chairperson's six years spreading over two terms, under the party-cleansing reforms kicked off by the rebels, report UNBBNP Vice-chairman Hafizuddin Ahmed Thursday told the reporters on the...
Simeon Kerr, FT Syndication ServiceDUBAI: A recent spate of cross-border deals is deepening the consolidation of financial services in the oil-rich Gulf as banks seek to build themselves into regional champions to fend off increasing competition from international players. Government...
The government has decided to release Awami League Presidium Member Sheikh Fazlul Karim Selim on parole, allowing him to see his deceased mother. His mother, Achhiya Khatun (90), the elder sister of Bangabandhu Sheikh Mujibur Rahman, died of old-age complications...
Two forest officials of Chittagong division, allegedly on the run, have been suspended Thursday. Chittagong Divisional Commissioner Mokhlesur Rahman said, conservator of forests Atiqul Azam and his deputy Tapan Kumar Dey were put under suspension, as they faced corruption charges,...
Some 250 peace-keepers of Bangladesh Police, engaged in peace-keeping in Ivory Coast, have been awarded with the United Nations (UN) Peacekeeping Medal, according to a message received in the city Thursday. Divisional Police Commissioner of UN Police (UNPOL) Well A...
FE ReportThe Manila-based donor -- Asian Development Bank (ADB) -- is set to provide about US$2.5 billion during 2008 to 2010 period for supporting different development activities in Bangladesh.The lending agency have recently prepared a draft report on three-year lending...
FE ReportPreparations for separating the import and export operations of Chittagong Customs House (CCH) have been completed. It is expected to be made official from July 1.According to sources of National Board of Revenue (NBR), the import and export divisions...
FE ReportBangladesh Power Development Board (BPDB) has selected five lowest private bidders for installing six power plants on a rental basis across the country to generate around 240 megawatts (MW) of electricity.The BPDB opened the financial offers of the interested...
NEW YORK, June 28(Agencies): The combined wealth of the globe's richest individuals rose more than 11 per cent to a grand total of USD 37.2 trillion last year, according to a report released Wednesday.The report also found that the expansion...
Activities at the BIRDEM hospital came back to normal as the striking indoor doctors Thursday postponed their nonstop work abstention till June 30 (Saturday) awaiting a negotiated solution of their problem, reports UNB.Sources said the physicians, whose agitation created a...
FE ReportStock prices on the Dhaka Stock Exchange (DSE) bounced back Thursday, the last trading day of the week, though the turnover continued to decline.The total turnover declined to Tk 1.342 billion (134.2 crore) from Tk 1.581 billion of the...
The government has earned more than Tk 50 million (5.0 crore) by whitening black money of fat cats who earned their money through legal means, reports UNB."Although the response is not up to the mark at the initial stage, but...
FE ReportThe US dollar dropped slightly against the Bangladesh taka (BDT) Thursday in the inter-bank foreign exchange market with stable demand for the greenback, fund managers said.The exchange rate of the dollar against the BDT ranged between Tk 68.80 and...
LONDON (Reuters) : Britain's new prime minister, Gordon Brown, appointed a trusted ally as finance minister Thursday and promoted a rising star to the key post of foreign minister in a wide-ranging government shakeup.Former environment minister David Miliband (41), a...
Chief Adviser Fakhruddin Ahmed suggested extensive publicity over mass media to make farmers aware about government incentives and subsidies for agriculture and application of viable technologies for cropping, reports UNB.He gave the suggestion following a presentation of video documentation on...
TOKYO, Japan (Reuters): Former Prime Minister Kiichi Miyazawa, whose career stretched from Japan's defeat in World War Two through the 1990s "lost decade" of economic stagnation, died Thursday at the age of 87, his office said.A finance expert at ease...
FE Report The central bank of Bangladesh has asked the commercial banks to receive money through approved agencies by August 14 from pilgrims seeking to perform Hajj this year. In a circular issued in this connection Thursday, the Bangladesh Bank...
Benapole land port and the customs stations of Bhomra and Darshana will remain open on weekly holidays, report UNB.Customs Commissioner Noor Mohammad in a circular Thursday said the customs houses and land ports will remain open on weekly holidays to...
SouthAsia Enterprise Development Facility (SEDF) contradicted a news item published in the Financial Express on June 26 under the headline "SME sector pays high interest as BB delays release of fund to banks". In a clarification SEDF said the central...
The government is set to pay for the Adamjee land given to the Bangladesh Export Processing Zones Authority (BEPZA) for a foreign investors' EPZ, a senior official said Thursday, reports bdnews24.com. "We have decided to pay a nominal price for...
Enayet RasulA comprehensive draft of a consumer protection law is about to be finally adopted by the council of advisers. Reports have appeared in the press about the imminence of the introduction of this act. This news would have normally...
Fazle Rashid Robert Zoellick also was confirmed by the board last Monday to be the next President of the scandal-ridden World Bank, will take up his new assignment on Sunday which is a holiday. Paul Wolfowitz resignation will become effective...
Wendy KollistTHE violent insurgency plaguing Thailand's southern region has never been more deadly, said Sondhi Boonyarataklin, the army chief who led September's coup, although he added that the unrest remains an "internal problem"."We must admit that the insurgent groups are...
A good number of teachers of the country's highest seat of learning, according to a recent report in sections of the media, are either staying abroad without authorisation or otherwise preoccupied with their assignments at private universities and various consultancies...
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