Awami League presidium member Motia Chowdhury slammed Law Adviser Mainul Hosein Monday for his statement that Bangabandhu murder convict AKM Mohiuddin could appeal before the court against the verdict. Mohiuddin, sentenced to death in absentia for his role in the...
Mosaddeq Ali Falu, former BNP lawmaker, who underwent grilling for eleven days, was allowed another four days' police remand Tuesday.Chief Metropolitan Magis-trate (CMM) court allowed the remand when police produced Falu before it and sought seven days' remand in connection...
Former telecommunications Minister Mohammad Nasim was indicted Tuesday by the makeshift Special Judge's Court in a graft case, fixing June 26 for commencing a fast-speed trial.The charge hearings in the WorldTel-scam case were, however, delayed by four and a half...
FE ReportThe 18th annual general meeting (AGM) of BASIC Bank Limited, a 100 per cent state-owned bank, was held at its head office in the city recently.The AGM declared 38.35 per cent dividends (Tk 360.24 million) comprising 32.00 per cent...
FE ReportDutch-Bangla Bank Limited (DBBL) and Commercial Bank of Ceylon (CBC), Bangladesh signed an agreement for ATM sharing at the former's head office in the city Monday.Under the deal, clients of the CBC will be able to withdraw money from...
Association for Law Research and Human Rights (ALERT), a human rights watchdog, will hold a roundtable on the proposed budget for the fiscal 2007-08 at the National Press Club in the city today (Wednesday).Eminent economist and former finance adviser of...
FE ReportThe local garment buyers urged the government to withdraw customs duty on garment samples sent by the foreign buyers to Bangladesh.In a press release, president of the Bangladesh Garment Buying House Association (BGBA) Qayum Reza Chowdhury said there is...
FE Report Holcim (Bangladesh) Limited, the leading cement manufacturing company of the country, recently held a nine-day induction seminar for its newly-recruited employees. Thirteen executives, who were employed mainly in marketing, procurement and other technical departments, took part in the...
The prices of different essential commodities including edible oils are cheaper in the country compared to those in Kolkata, reports BSS.On the other hand, prices of some essentials including rice, pulses and sugar are comparatively higher than those in Kolkata...
FE ReportAs part of its commitment to innovation, HeidelbergCement Bangladesh Ltd introduced WEB and SMS-enabled services for its clients.After successful implementation of WEB and SMS-enabled services, the company brings the competitive edge through providing laptops to its premium dealers.Managing Director...
Outgoing United States (US) Ambassador in Bangladesh Patricia A Butenis assured the Federation of Bangladesh Chambers of Commerce of Industry (FBCCI) of her allout cooperation so that Bangladesh's apparels get duty-and quota-free access to the US market.FBCCI President Mir Nasir...
FE ReportBank Alfalah Limited recently signed an agreement with Credit Rating Agency of Bangladesh (CRAB) Limited for the credit rating of the bank's Bangladesh operations, said a press release. Under the agreement, CRAB, the leading credit rating agency of the...
SINGAPORE, June 19 (Bloomberg): Asian stocks fell after a report showed confidence in the US homebuilding industry slipped to a 16-year low and oil prices traded near the highest in nine months. Nissan Motor Co. and James Hardie Industries NV...
FE ReportSoutheast Bank Limited (SBL) held a two-day workshop on 'credit risk management' for the credit officers of the bank at its training institute in the city from June 13 to 14.Senior Executive Vice President (SEVP) of the bank Mohammed...
LONDON, June 19 (Bloomberg): European retail stocks fell after Tesco Plc, the U.K.'s largest supermarket operator, predicted a ``tougher year'' because of higher interest rates and increased competition. Marks & Spencer Plc and Carrefour SA paced the decline. Ryanair Holdings...
FE ReportRezakul Haider has been elected new chairman of Islamic Finance and Investment Ltd (IFIL) in its 70th board meeting in the city recently. The IFIL also elected vice chairmen and chairman of the executive committee (EC).Previously, Haider was the...
DSE information for all membersDue to virus attack, different brokerage houses are facing trouble in their trading activities. So all members are requested to scan their MSA and TWS with updated antivirus software to avoid such troubles. All members are...
FE ReportFinance and Planning Adviser Mirza Azizul Islam voiced Monday his frustration over the fact that prices continued to go up, notwithstanding the cutback on import duties."Who is responsible for the price hike?" the adviser posed the question before a...
FE ReportThe Bangladesh Bank (BB) has penalised three commercial banks for violating its rules on constitution of board of directors, the BB sources said.In a punitive action the central bank said it will not issue authorised dealer (AD) licences to...
No leader above the age of 60 years will be allowed to remain a member of the Awami League (AL) presidium or central working committee (CWC), reports bdnews24.com. After a meeting with AL chief Sheikh Hasina at her Sudha Sadan...
Shamsul Huq ZahidWhile consumers are paying through their noses for edible oils, some unscrupulous importers are, reportedly, engaged in, what can be described as, 'tel neye telesmati' (scandalous developments over oil).According to a newspaper report, a lot of discrepancies have...
M Azizur RahmanThe government will not make any upward revision in petroleum prices in the local market despite the recent rise in the prices of the same in the international market."Though the prices of petroleum products have gone up recently...
Naim-Ul-KarimThe National Board of Revenue (NBR), as part of its countrywide survey, will launch a drive in areas under all city corporations from July 5 to identify potential taxpayers for next fiscal 2007-08, sources said.The ongoing survey of the NBR...
Chief Adviser Dr Fakhruddin Ahmed Tuesday said the present caretaker government is constitutional, accountable to the people and is moving towards holding a free, fair and credible election by the end of the next year, reports UNB.The Chief Adviser (CA)...
FHM Humayan KabirFarmers cultivating Aus paddy across the country, especially in the northern region, have been hit by acute shortfall in urea fertiliser supply over the past few weeks.Some farmers in the northern region claimed that they were getting only...
Krishna Guha, FT Syndication ServiceWASHINGTON: The International Monetary Fund has set the stage for more rigorous scrutiny of exchange rate policies worldwide, stating that its board agreed to an overhaul of its mandate for international surveillance.The new framework, announced last...
Executive chairman of the Board of Investment (BoI) Nazrul Islam Tuesday said the government would give its final decisions on the stalled investment offers by international companies like Tata, Asian Energy and Mittal Global Oil and Energy by July 15,...
FE ReportThe yearly per head expenditure on consumer products and services in real terms stood at Tk 14,231 in the outgoing fiscal against Tk 10,800 in 1989-90 registering a cumulative growth of 1.64 per cent, according to the Economic Review...
Shakhawat Hossain An international agency has identified jute products and computer software as two sectors having the most growth potential, while the country strives for export diversification, official sources said.The Japan International Cooperation Agency (JICA) has identified the two out...
The Securities and Exchange Commission (SEC) is set to ensure enough room for general investors to take part in initial public offerings (IPOs) under its planned book building system, reports bdnews24.com. "We have recommended keeping the option open to small...
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