Doulot Akter MalaThe Board of Investment (BoI) has said the country might attract investment worth nearly US$ 2.28 billion in different sectors from the Non-Resident Bangladeshis (NRBs).The BoI has signed 36 memorandums of understanding (MoUs) with the NRBs of Toronto...
Bangladesh Rifles (BDR) will launch a drive in the city today (Monday) against those who would charge higher price of sugar than the usual rate. They have already started warning the shopkeepers through Dhaka City Corporation to take necessary actions...
Chief Adviser (CA) Fakhruddin Ahmed planted two saplings on his office premises and his Hare Road official residence Sunday under the ongoing National Tree-planting Movement 2007. Accompanied by officials of the CA's office, he planted an Olive sapling on the...
The government Sunday decided to appoint official passport processing agents and decentralise passport issuing process with a view to easing passport renewal and issuance system. According to an official handout, the decision was taken at an inter-ministerial meeting held at...
FE Report At least four more zero-coupon bonds are likely to hit the country's bond market within one year following necessary measures taken in this connection in the proposed budget for the fiscal 2007-08. 'We are expecting to float at...
A high-level delegation of the Mittal Group, led by its Managing Director VK Mittal, arrived in the city Sunday with more than US$ 3.0 billion investment proposal, reports UNB"We want to be a development partner in Bangladesh. We find the...
The economy is experiencing a sluggish trend and an investment climate has to be created to overcome it, economist Atiur Rahman said Sunday, reports bdnews24.com. If the government announces without delay the date and schedule of the election, investors will...
SM JahangirExperts have prescribed two options for giving the state-run Bangladesh Power Development Board (BPDB) a corporate shape.Under the first option, they have suggested creation of an operating holding company and transfer of BPDP's all people, assets, liabilities and contracts...
FE Report Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in its budget reaction has welcomed the proposal of 5.0 per cent cash incentive for the country's composite industries. The BGMEA said the budget has proposed to raise the bond facilities...
FE Report Leaders of the Bangladesh Plastic Goods Manufactures and Exporters Association (BPGMEA) said Sunday a number of proposals on import of plastic raw materials in the national budget will hamper growth of the local industries.The BPGMEA said this at...
FE ReportSpeakers at a roundtable Sunday stressed the need for taking prompt decision to ensure the energy security of the country.They also laid emphasis on finding a viable way of coal extraction as soon as possible to reduce the dependence...
A twenty-one-strong friendship group has been launched in the European Parliament to focus on Bangladesh in the run up to parliamentary elections scheduled for next year, reports UNB.Nirj Deva, Conservative MEP for the Southeast of England, and Robert Evans, Labour...
FE ReportThe state-owned Rural Electrification Board (REB) Sunday signed two separate agreements with two captive power producers to purchase about seven megawatts (MW) of electricity during peak hours.The deals were first ever on the purchase of the captive power between...
Noted journalist and ex-Director General of the External Publicity Wing of Foreign Ministry Zahirul Haque passed away in the city Sunday morning. He was 59, reports UNB.Haque died of cardiac arrest at 11:30 am while he was being taken to...
FE Report The Bangladesh Jute Mills Association (BJMA) Sunday welcomed the proposed national budget for fiscal 2007-08.The BJMA president Kamran T Rahman in a press release hailed the finance adviser for proposing export subsidy worth Tk 11 billion and a...
FE Report Formulation of a 'Basic SME Promotion Law' and formation of a policy making council are imperative for speedy industrialisation in the country, speakers said Sunday.They said an efficient SME sector will propel a faster industrial growth in the...
FE ReportThe indices on the Dhaka Stock Exchange (DSE) Sunday, the first trading session of the week, remained mixed and the turnover declined significantly.Market operators said the prices on the DSE declined mainly due to price fall of the issues...
FE ReportThe US dollar fell against the Bangladesh taka (BDT) Sunday in the interbank foreign exchange market, as the demand for the greenback was stable, fund managers said.The market was moderately active due to weekend in the international market.The exchange...
Naim-Ul-KarimGlobal Steel Holding Ltd (GSHL), a subsidiary of UK-based Mittal Group, will sign an initial memorandum of understanding (MoU) with the government Monday (tomorrow) for investment of US$2.8 billion in petrochemical, coal, steel and power projects in Bangladesh, said sources.The...
FE ReportDhaka Bank Limited (DBL) has achieved 'A1' rating in the long-term and 'ST2' rating in the short-term from Credit Rating Agency of Bangladesh (CRAB) Limited. DBL Managing Director Shahed Noman received the certificate on behalf of the bank from...
FE ReportThe regular basis price hike of essentials in the city has been blamed on time-to-time increase of the amounts of advance as well as rents of a number of Dhaka City Corporation (DCC)-owned retail and wholesale shops.Sources said more...
FE Report Liu Ping, Vice Governor of Yunnan, China has given assurance to extend all-out cooperation for reducing bilateral trade gap between Bangladesh and China.The vice governor said this at a reception in honour of the business leaders of the...
FE ReportICB AMCL, a subsidiary of the Investment Corporation of Bangladesh (ICB), has declared the net asset values (NAV) of its two unit funds.The total NAV of the ICB AMCL Unit Fund stood at Tk 54,18,69,776.68 on the basis of...
Our CorrespondentNAOGAON, June 9: The local people of Naogaon have urged the government to undertake necessary steps to ensure proper industrialisation in the district.The people of this neglected district demanded that the government extend special financial incentives to accelerate the...
FE ReportA memorandum of understanding (MoU) between Bangladesh Commerce Bank Ltd (BCBL) and Credit Rating Information and Services Ltd (CRISL) was signed in the city recently.Bangladesh Commerce Bank Ltd Managing Director Mohammad Farhad Hossain and CRISL President Muzaffar Ahmed signed...
FE Report A seminar titled 'Potentials of Soyfood Products in Commercial Market' was held in the city to encourage existing and new entrepreneurs to set up small and cottage industries based on soyabean. American Soyabean Association (ASA), National Association of...
FE ReportThe board of directors of MIDAS Financing Limited (MFL), in its recent meeting, has decided to renew the service tenure of the company's Managing Director (MD) Md Abdur Rashid Gazi for a further period of three years with effect...
Our CorrespondentCHITTAGONG, June 08 : A crisis management cell would be formed in Chittagong as that of Dhaka for resolving the problems persisting in the garments industries in this region.A decission to that effect was made at a view exchange...
FE Report National Credit and Commerce Bank Limited (NCC Bank) opened its 49th branch at Jagannathpur in Sunamganj recently. NCC Bank Chairman Mahbubul Alam Tara formally inaugurated the rural branch as the chief guest. Former vice chairman of the bank...
Sarwar Zahan US dollar appeared soft against the Bangladesh taka (BDT) last week although the demand for the greenback was higher. The exchange rate of the greenback ranged between Tk 68.98 and Tk 69.06 against the previous week's range between...
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