FE ReportLeaders of leading chambers and trade bodies Thursday urged the government to consider maintenance of status-quo in respect of import duties on raw materials and capital machinery ignoring the proposals placed in the budget for fiscal year 2007-08."The proposed...
A travel restriction was in process to bar Awami League President Sheikh Hasina from leaving the country today (Friday) as she is facing extortion cases, report agencies.A Dhaka court Thursday asked the police and the immigration to stop Sheikh Hasina...
The reduction of import duty on lentil and edible oil, as proposed in the new budget, would not bring any good anti-inflationary result, reports UNB.Bangladesh Economic Association (BEA) came up with the view in its post-budget reaction and suggestions at...
FE ReportThe government has extended the deadline to receive feedback from the general public and other stakeholders on the proposed budget for the fiscal 2007-08 by three more days. The deadline, announced earlier, was to expire Thursday.Finance and planning adviser...
Law and Information Adviser Barrister Mainul Hosein Thursday said the government is not thinking about election or resumption of indoor politics at the moment for the interests of pro-reform politicians, reports UNB."We'll have to think of election to establish honest...
Shakhawat Hossain The National Board of Revenue (NBR) is yet to get any response from anyone seeking to avail the facilities under an incentive for declaration of undisclosed income by payment of tax at a certain rate, although 10 days...
CHITTAGONG, June 14: Communications Adviser MA Matin Thursday stopped a housing project, which was designed to build homes cutting hills in Chittagong city, report agencies. The government has taken a step to remove and rehabilitate some 8,000 families, living in...
FE ReportThe interim government has taken a fresh move to constitute a new jute policy for the revival of the ailing sector."A new policy on the country's jute sector is underway to give a boost to its development," a sector...
FE ReportThe total market capitalisation of the Dhaka Stock Exchange (DSE) crossed the Tk 450.00 billion (45,000 crore) mark Thursday for the first time amid a rally of share prices. The DSE market capitalisation reached Tk 453.434 billion on the...
The National Committee to Protect Oil, Gas, Mineral resources, Port and Power Thursday asked the government to realise Tk 129.80 billion (12,980 crore) in compensation from the multinational companies Chevron and Niko Resources. Realisation of the money has been demanded...
An emergency meeting of government authorities Thursday devised ways of keeping the communications system fully functional during the rainy season, as the onset of monsoon has already started causing communication disruption in different areas. Mohammad Mahbubur Rahman, secretary of the...
BENAPOLE, June 14: Customs officials at the Benapole land port withheld release of 4,000 tonnes of sugar imported from India while 20,000 tonnes more were waiting entry to the port. Officials said the 2006-09 import policy announced on May 16...
FHM Humayan KabirThe World Bank (WB) has cautioned Bangladesh against possible cancellation of funding support for a power project for delay in implementation, sources said.The WB in a letter to Power Division recently said that if the Power Development Board...
M Azizur RahmanThe Energy and Mineral Resources Division (EMRD) has now opted for competitive bidding to select an international company for the job of plugging gas seepage from the Titas Gas field in Brahmanbaria district.The state-run Bangladesh Gas Fields Company...
FE Report The Ministry of Foreign Affairs (MoFA) has asked the Ministry of Communication (MoC) to invite Myanmar's Ministry of Construction to sign deal for building the proposed 'friendship road' connecting the two neighbours, official sources said. Both Dhaka and...
FE ReportThe inter-bank call money rate rose Thursday due to withdrawal of large amount of cash through reverse repurchase agreement (repo), fund managers said. The rate moved between 6.50 per cent and 11.50 per cent against the previous day's range...
FE Report The International Business Forum of Bangladesh (IBFB) has demanded additional allocations in budget and policy supports for developing the social and services sectors to achieve the projected 7.0 per cent GDP growth.While appreciating the provision of creating a...
Tax lawyers Thursday urged the advisers of the incumbent caretaker government, including the Chief Adviser (CA), to submit statements on their wealth to the Anti-Corruption Commission (ACC) for the sake of transparency, reports UNB.Bangladesh Tax Lawyers Association (BTLA) and Dhaka...
FE Report The government has again extended the deadline for release of fund for the annual development programme (ADP) of the outgoing fiscal until June 17 next.A directive was given to the effect on Wednesday which stated that the ADP...
Special courts set June 21 for giving its judgement in the case against Amanullah Aman and fixed date of the charge hearing case against Mohammad Nasim on June 19. Mosaddeq Ali Falu was Thursday given to second police remand for...
FE ReportThe Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Thursday formally proposed the name of its former president Annisul Huq to contest for the post of president of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) in the election...
Former UN secy general Waldheim dies LOS ANGELES, June 14 (Internet): Kurt Waldheim, the former president of Austria and also a former United Nations (UN) Secretary General, has died at the age of 88 of heart failure at a hospital...
FE ReportThe members of the joint forces recently realised fine worth Tk 385,000 from some shop owners and small businessmen from Rajshahi zone for violating rules in electricity usage.According to the rules, shop owners and businessmen cannot use electricity for...
From Fazle RashidNEW YORK, June 14: The United States of America is the symbol of democracy. The entire world where representative forms of government are in vogue look towards the United States not only for perfection in their own systems...
FE ReportFinance Adviser AB Mirza Azizul Islam Wednesday urged the governments of both Bangladesh and Thailand to cash in on the positive sides of bilateral and multilateral agreements to narrow the existing trade gap between the two countries.He was speaking...
CHITTAGONG, June 13 (UNB): At least 11 more bodies were recovered from the mud and the remnants of slums devastated by Monday's landslides in the port city, raising the death toll to 121 till Wednesday afternoon.The combined team of army,...
The wealth statement of Orion Group Chairman Obaidul Karim, one of the 21 corrupt suspects earlier summoned to provide their asset accounts, was submitted to the Anti-Corruption Commission (ACC), showing wealth worth over Tk 1.53 billion (153.59 crore), reports UNB.According...
FE Report A new trade body named Turkey-Bangladesh Chamber of Commerce and Industry (TBCCI) has been launched at a function in the city aiming to promote commercial, economic and social relations between the two friendly countries."I am hopeful that the...
FE Report The central bank of Bangladesh has appointed its Executive Director Asaduzzaman Khan as Managing Director (MD) of the Oriental Bank Limited for one more year to continue to improve the financial health of the private commercial bank (PCB).The...
FE ReportThe inter-bank call money rate eased slightly Wednesday, as the liquidity position of the market improved. The demand for cash, however, remained steady, fund managers said. The rate fluctuated between 6.75 per cent and 10.00 per cent against the...
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