The designation of BRAC Enterprises managing director Mohammad A (Rumee) Ali was mistakenly printed as the managing director of BRAC Bank in a news item published in the June 18 issue of the FE under the headline "New Banking Products...
Purchase/ sale of director's sharesNCC Bank: Aslam-ul-Karim, one of the directors of National Credit and Commerce (NCC) Bank Limited, has stated his willingness to sell 5,000 shares out of his total holdings of 200,946 shares of the bank while Khondkar...
Phoenix Finance and Investments Limited Nature of Business Lease Finance and Term Finance Subscription Opens June 24, 2007 Subscription Closes June 28, 2007 Subscription for NRB June 24, 2007 to July 07, 2007 Offer Price (Tk.) 100.00 Face Value (Tk.)...
Bangladesh 'cheapest place' for investment in AsiaFE Report The cost of investment in Bangladesh is falling, although some hidden expenses threaten to erode the country's competitiveness, a new survey reveals. The 17th survey of investment-related cost comparison said Bangladesh has...
Refayet Ullah MirdhaThe Bangladesh Rifles (BDR) started Wednesday selling of vegetables in the city to bring down their prices that rose in the wake of monsoon.BDR sources said members of the BDR are selling vegetable items in the city in...
Shakhawat HossainThe European Commission (EC) has imposed a ban on export of old ships from its member states to Bangladesh, which largely depends on scrap steel to run hundreds of re-rolling mills, official sources said.The sources said the news on...
Shahiduzzaman KhanGlobal aid scenario has undergone a thorough change in recent times. Development partners are now unwilling to offer generous assistance as grant. Rather, they offer credit, often tied with harsh, undignified conditionalities.The world is no more divided into two...
FE ReportThe country achieved its Boro production target this season despite losses caused by growth of cheeta (grainless paddy) in several districts.Sources at the Department of Agricultural Extension (DAE) told the FE that the Boro output across the country was...
The Anti-Corruption Commission (ACC) has filed 28 First Investigation Reports (FIR) against 27 out of 50 suspects who had been asked, in the first phase, to submit their wealth statements to ACC, reports BSS. According to the ACC sources, in...
CHITTAGONG, June 20 (UNB): Army Chief General Moeen U Ahmed Wednesday appreciated the role of army at the present crucial moment of the nation and called upon them to stay ready even for the supreme sacrifice to safeguard the country's...
BNP chairperson Khaleda Zia Wednesday said the party would be reformed in line with the opinions of all leaders and workers, reports bdnews24.com The process will take off once the ban on indoor politics is lifted, Khaleda told reporters after...
Awami League presidium member Amir Hossain Amu said Wednesday the party working committee and the council would decide on its future policies, according to UNB/bdnews24.com.Returning from Singapore after medical treatment, Amu said Awami League is a democratic party and is...
S M JahangirThe government in cooperation with the multilateral funding agencies has speeded up the process of implementing the medium-term reforms programme in the country's power sector.A meeting was held Wednesday between the Power Division and the World Bank to...
Roula Khalaf, FT Syndication ServiceAs allegations that Saudi Arabia's Bandar binSultan was paid $1.0bn (£506m) from Britain's biggest weapons contract reverberated around the world, the wily, flamboyant man was nowhere to be found. He dropped out of sight weeks before,...
S M JahangirThe National Board of Revenue (NBR) is taking steps to recoup the possible revenue losses that might be caused due to the proposed enhancement of income-tax exemption limit.The government has proposed to raise the tax-exempted income limit for...
M Azizur RahmanThe World Bank (WB) is set to provide US$ 275 million (27.5 crore) for installation of a 300 mega-watt (MW) gas-fired peaking power plant at Shiddhirganj in Narayanganj to ease the countrywide nagging electricity crisis.Sources said the International...
Bangladesh Bank (BB) is expected to announce a tight monetary policy early next month, a senior official said Wednesday, reports bdnews24.com."We expect to make an official announcement by July 7. There will be no major shift from our present stance...
From Fazle RashidNEW YORK, June 20: The European Union (EU) which turns 50 tomorrow is mired in a mid-life crisis. Its biggest problem is economic, wrote a British analyst. Paralysed by the rejection of its constitution by France and the...
FE ReportA delegation of the Bangladesh Textile Mills Association (BTMA) met with Finance Adviser Mirza Azizul Islam Wednesday and requested him to withdraw the proposed import duty and value added tax (VAT) on raw materials and textile machinery for fiscal...
NY mayor quits Republican Party, eyes presidencyWASHINGTON, June 20(LAtimes): New York City Mayor Michael R. Bloomberg quit the Republican Party Tuesday, fueling speculation that the billionaire will shake up the presidential race by running as an independent.Bloomberg has been moving...
Naim-Ul-KarimAbout 2,100 officials and employees of the Biman Bangladesh Airlines (BBA), the national flag carrier, have sought voluntary retirement responding to the government offer for golden handshake.The deadline for application under golden handshake ended Wednesday, which was offered June 4.The...
The caretaker government Wednesday reshuffled the overstaffed Attorney General Office (AGO), firing most law officers appointed allegedly on political considerations during the immediate-past coalition rule, reports UNB.Confirming the changes, Attorney General (AG) Fida M Kamal, the principal government law officer,...
FE ReportStock prices on the Dhaka Stock Exchange (DSE) gained Wednesday amid a hefty turnover as the investors' buying spree continued.The turnover jumped to Tk 1.758 billion (175.8 crore) on the day from Tk 1.494 billion of the previous day....
FE ReportThe inter-bank call money rate was steady with upward bias Wednesday despite withdrawal of cash through reverse repurchase agreement (repo). The market remained active, fund managers said. The rate moved between 6.50 per cent and 10.50 per cent against...
Noted journalist and a former director of Press Institute of Bangladesh (PIB) Hedayet Hossain Morshed died of kidney ailment at Kidney Hospital and Dialysis Center in the city Monday night, reports BSS.Morshed, 65, during his long career, served various prestigious...
Md Nurunnabi and Suraiya Begum have been appointed members of the Public Service Commission, the government said in a statement Wednesday. The establishment ministry Wednesday issued a circular on the appointments. Md Nurunnabi had earlier served the Labour and Employment...
BARISAL, June 20: The district administration here is taking steps for early rehabilitation of small traders affected in the recent eviction drives. Deputy Commissioner Manzoor-e-Elahi said they have received instruction from the Land Ministry for immediate rehabilitation of the traders...
SIRAJGANJ, June 20: Seven passengers were killed and 35 others injured in a head-on collision between a bus and a truck at Konabari under Kamarkhand Upazila in Sirajganj district Wednesday. The identities of the deceased could not be known immediately....
THE very unimaginable was detected only recently at the fuel oil depot of the Bangladesh Petroleum Corporation (BPC) at Fatullah, Narayanganj. One 9,000 litre tank lorry was found to have only water as its whole cargo instead of diesel. After...
Qazi AzadONE young reporter of a local TV channel enthusiastically claimed in one of his news reports last week, "This country offers a good opportunity for the micro-credit". What he was actually saying is that poverty is still so dismally...
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