S M JahangirThe Ministry of Commerce will soon place three separate draft ordinances on the country's insurance sector before the council of advisers for approval."We are submitting three draft ordinances to the advisers' council for getting its nod," a senior...
Naim-Ul-KarimThe apex trade body of the country has convened an extraordinary general meeting (EGM) on June 28 to discuss matters relating to changes to its organisational rules in order to prevent loan defaulters or convicts from contesting its election. "We...
BANGKOK, June 15(AP): Thailand's national carrier Thai Airways International PCL is pulling out of an agreement to manage Bangladesh's second international airport in Chittagong."We are calculating our costs and will claim for the loss from Bangladesh," said Suparut Kawatkul, Thai...
M Azizur RahmanThe Bangladesh Petroleum Corporation (BPC) incurred a financial loss of over Tk 1.50 billion last month following soaring petroleum prices in the international market. "The loss may be even bigger next month if the current uptrend in prices...
FE ReportThe Asian Development Bank (ADB) has asked the government to accelerate the implementation of four projects, for which it lent out US $ 347.57 million, to avoid them falling into "at risk" category. The projects are Road Network Improvement...
FHM Humayan KabirThe Asian Development Bank (ADB) is likely to approve US$465 million as loan to Bangladesh for power generation projects and improving the distribution systems. The approval is expected in the Board meeting of the multilateral donor agency scheduled...
From Fazle RashidNEW YORK, June 15: Former US president Bill Clinton earned $10.2 million by delivering speeches in 2006. Fearing personal finances could become a political liability the Clintons sold stocks worth millions of dollars in April, the New York...
Jasim Uddin Haroon The country's leading exporting sectors, especially apparel and jute, might incur shipment losses worth Tk 1.0 billion due to damage caused to their products by recent flooding of the private inland container depots (ICD) and factories in...
Farhan Bokhari, FT Syndication ServiceISLAMABAD: Pakistan will spend more than $7.0bn in the new financial year, which begins next month, on infrastructure such as roads, bridges and power lines, according to the prime minister. The spending plan, unprecedented in Pakistan's...
FE ReportStock prices continued to rally on the Dhaka Stock Exchange (DSE) in the week ended Thursday, though the turnover marked 31.67 per cent fall due to inclement weather.DSE sources said some of the budgetary proposals including imposition of higher...
WASHINGTON, June 15 (AFP): Despite widespread criticism of the US grip on the World Bank presidency, Washington's nominee Robert Zoellick remained the sole contender today. "As of today we are only aware of the US nomination," said a World Bank...
GAZA CITY, June 15(AL JAZEERA.NET): Mahmoud Abbas, the Palestinian president, has appointed Salam Fayyad, an independent parliamentarian, as prime minister of an emergency government. Fayyad was finance minister in the unity government between Hamas and Fatah which Abbas sacked on...
The government has taken an initiative to set up four new wholesale kitchen markets in the city aiming to pull back the on-going price spiral by increasing supply of the essentials, reports UNB.Keeping in mind the problem of transport congestion,...
FARIDPUR, June 15 (BSS): Law and Information Adviser Barrister Mainul Hosein said here today that the present caretaker government (CG) was preparing a roadmap for establishing true democracy in the country."Malice and vengeance caused huge damage to our national life....
A 27-member European Union (EU) team has expressed its support to the efforts to institute political and electoral reforms in Bangladesh, reports UNB. The EU in a statement Tuesday welcomed efforts by the caretaker government (CG) and the Bangladesh Election...
Outgoing US ambassador Patricia Butenis has regretted she has to leave Bangladesh without witnessing a free, fair and credible election she hoped, reports bdnews24.com. In her last public speech Thursday during her assignment in Bangladesh, she hoped the country would...
MYMENSINGH, June 15 (BSS): The Rapid Action Battalion (RAB) in separate drives arrested three persons, including an alleged activist of Jama'atul Mujahideen Bangladesh (JMB) and an Indian national yesterday and today. In a drive, RAB arrested JMB activist Imran Ali...
BHOLA, June 15 (bdnews24.com): One more case was filed against former Bhola lawmaker and BNP leader Hafiz Ibrahim Thursday on charges of misappropriating relief CI sheets. Md Zakiuddin, Borhanuddin Upazila project implementation officer filed the case against Hafiz with Borhanuddin...
CHAPAINAWABGANJ, June 15 (bdnews24.com): A case was filed against Shamim Kabir Helim, chairman of Shibganj municipality and general secretary of municipal unit of BNP Thursday on the charges of cheating people and extortion, the police said. Mominul Haque, a businessman...
CHITTAGONG, June 15 (bdnews24.com): Only 15 cases were filed in the past five years over illegal hill-cutting and only two of them were heard in court, says the Directorate of Environment (DoE). No cases were filed for destruction of hills...
Eight persons were killed and many others injured in separate incidents in different places of the country during the last two days, report agencies.In Sirajganj, the slaughtered body of a teenage girl was found in her bedroom at Nukali village...
Speakers at a national health conference Thursday underscored the need for launching an awareness campaign on the `health rights' of people in the country, reports BSS."Health is one of the basic rights of people so that medicare services should be...
FE ReportGlaxoSmithKline (GSK) will donate 50 million doses of H5N1 adjuvanted pre-pandemic influenza vaccine to the World Health Organisation (WHO) in support of the latter's stockpile initiative. The donation will help establish a much needed stockpile of pre-pandemic vaccines that...
DINAJPUR, June 15 (bdnews24.com): The district administration has imposed an embargo on coaching and private tutoring by government school teachers in the district. Saiful Hasan, the deputy commissioner (DC) of Dinajpur, clamped the ban after complaints from guardians that the...
FE ReportCreatas Communications Ltd has sponsored 10 underprivileged children growing up with the guidance of Utsho Bangladesh.Next one year's expenditure of the children will be provided to Utsho Bangladesh from the part income of the recently-organised concerts by Jagjit Singh....
Our CorrespondentCHITTAGONG, June 15: Chittagong customs authority seized two containers loaded with pipe fittings on charge of importing goods with false declaration at Chittagong Port. Kabir Steel, owner of the goods, allegedly imported the pipe fittings along with the declared...
FE ReportGeneral Secretary of Greater Comilla Association, Dhaka Shish Haider Chowdhury was awarded the Golap-Kuri life term appreciation as the best organiser recently.He was awarded the honour at a reception ceremony held at the National Press Club auditorium. Former adviser...
FE ReportAsset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared net asset values (NAV) of its two unit funds.The total NAV of ICB AMCL Unit Fund stood at Tk 558,297,265.48 on the basis of...
FE ReportNational Bank Limited (NBL) arranged a day-long workshop on "Methodology of Risk Assessment for Risk-Based Inspection" at its training institute in the city recently.NBL Additional Managing Director Md Abdur Rahman Sarker presided over the workshop while Department of Banking...
June 10 - June 14, 2007The local market of US dollar and Bangladesh taka was quite active last week. The transaction of total volume was around $77.10 million against $111.40 million in the previous week. US dollar depreciated against Bangladesh...
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