The government in Indian-administered Kashmir has formally revoked a plan to give a tract of forest land to a board that manages an important Hindu shrine, BBC reports.The land transfer has provoked more than a week of protests by Muslims...
BEIJING, July 1 (AFP): Chinese Premier Wen Jiabao has again called on the United States to stabilise the dollar, warning the greenback's decline was posing threats to the global economy."China is taking measures to safeguard its stable economic development," Wen...
The government is planning to start academic activities of the newly-established Rangpur University from the current session with six subjects on its curricula under two faculties, reports UNB."We are thinking to start student admission in six subjects under two faculties...
FE Report | 2008-07-02 00:00:00
The Securities and Exchange Commission (SEC) Tuesday raised trade exposure limit for the brokers to encourage them to increase share trading in their respective companies.The SEC raised the member's margin considering the present huge trade volume in the bourses and...
FRANKFURT, July 1 (AFP): German Finance Minister Peer Steinbrueck urged the European Central Bank (ECB) today to consider the consequences of any raise in interest rates expected later this week, but said he would accept the ECB's decision."The ECB should...
FE Report | 2008-07-02 00:00:00
Md Aminul Haque has been re-elected unanimously the chairman of Prime Finance and Investment Limited for the fourth consecutive time at the 156th board meeting of the company held recently.Mr Aminul Haque started his career in 1964 with Industrial Development...
Ulrike Kn
FE Report | 2008-07-02 00:00:00
The Board of Investment (BoI) organised a workshop on Private Sector Infrastructure Guidelines (PSIG) at Hotel Sheraton in the city Sunday. It was sponsored by Investment Promotion and Financing Facility (IPFF) cell of Bangladesh Bank and facilitated by Infrastructure Investment...
BNP Joint Secretary General Goyeswar Chandra Roy Tuesday said party chairperson Khaleda Zia must be freed and Tarique and Koko be allowed overseas treatment as done for other political party leaders by the caretaker government (CG), reports UNB.Talking to journalists...
Farhan Bokhari , FT Syndication ServiceISLAMABAD: Pakistan's government plans to phase out politically-sensitive fuel subsidies during the new financial year, starting on July 01, as it tries to bring a ballooning budget deficit under control, according to senior Pakistani officials.The...
Engineer Shafiqul Alam | 2008-07-02 00:00:00
WITH the increase in the size of the population and the number of surface transport, the traffic movement becomes difficult in a mega-city. That's why the city planners and transportation engineers of other cities have been engaged in solving this...
Abu Ghraib inmates sue US firmsISTANBUL, Jul 1 (AFP): Four Iraqis announced Monday in Istanbul they are suing two US firms and their employees for allegedly torturing them at the notorious Abu Ghraib prison in Bagdad five years ago. Their...
HANOI, July 1 (AFP): Vietnam's economy expanded 6.5 per cent in the first half of 2008 compared with the same period last year, the government said today amid concerns that rampant domestic inflation will hit growth.The figure is lower than...
Rapid Action Battalion (RAB) members arrested three people, including a fugitive accused in a murder case, along with two firearms at Banianagar of the city's Sutrapur area Monday, reports UNB.Acting on a tip-off, a team of RAB-3 raided the rented...
LONDON, July 1 (AFP): South Africa continued their build-up to next month's two-Test series with England with a convincing showing, spinner Paul Harris apart, following the second day of a tour match against Somerset Monday.South Africa scored 515 for 3,...
Chief Adviser's Special Assistant for Power and Energy Ministry Dr M Tamim said there is a proposal pending with Bangladesh Energy Regulatory Commission (BERC) on a 42 per cent hike in electricity tariffs, reports UNB.Meanwhile, Finance Adviser Dr Mirza Azizul...
BEIJING, July 1 (Xinhua): Chinese Premier Wen Jiabao, in talks with US Secretary of State Condoleezza Rice yesterday, called on the United States to take measures to stabilise its currency and prevent further slowdown of the global economy.Wen highlighted unstable...
FE Report | 2008-07-02 00:00:00
Nazmul Hassan, the Chief Executive Officer of Beximco Pharmaceuticals Ltd & the Secretary General of Bangladesh Association of Pharmaceutical Industries (BAPI) was elected the new President of IBA Alumni Association.M Rafiqul Islam, CEO of Management Consulting Group was elected General...
FE Report | 2008-07-02 00:00:00
Bangladesh Bank (BB) will introduce Bangladesh Automated Clearing House (BACH) with two wings -- Bangladesh Automated Cheque Processing System (BACPS) and Bangladesh Electronic Fund Transfer Network (BEFTN).In this connection the BB organised a workshop on 'Bangladesh Automated Clearing House Implementation'...
FE Report | 2008-07-02 00:00:00
A study report has suggested creation of a national organisation of the women with disabilities (WWD) to advocate and work for the benefit and interest specifically of the WWD in the national and international arena."The main focus of such an...
WASHINGTON, Jul 1 (AFP): The White House declined to comment Monday on a news report that US lawmakers last year approved 400 million US dollars to ramp up covert operations in Iran to undermine Tehran's leadership."I couldn't comment either way,"...
Michael T. Klare | 2008-07-02 00:00:00
THE economic bubble that lifted the stock market to dizzying heights was sustained as much by cheap oil as by cheap (often fraudulent) mortgages. Likewise, the collapse of the bubble was caused as much by costly (often imported) oil as...
Awami League (AL) reached a consensus with another two 14-party partners on formulating a common set of proposals to be placed in the formal dialogue of the AL with the caretaker government set for tomorrow (Thursday), reports UNB.In the dialogue...
Dr. Niaz Ahmed Khan | 2008-07-02 00:00:00
THE crucial significance of maintaining regional stability and cooperation for peace and prosperity of all the concerned nations is now unmistakably established. When the global economy is benefiting from different types of regional cooperation, the region of South Asia is...
Syed Jamaluddin | 2008-07-02 00:00:00
THE Election Commission (EC) has taken some decisions which were not initially supported by many political parties. Views of the EC in respect of many issues are opposite to the position taken by the political parties. Although the Commission has...
Bangladesh Sports Writers Association (BSWA) will hold a rally on July 5 in observance of the World Sports Writers Day, reports UNB.The rally earlier scheduled on July 2 was deferred due to inclement weather.BSWA, affiliated with International Sports Press Association...
NEW DELHI, (Internet): Indian government Tuesday released its action plan on climate change, focussing on achieving sustainable development through use of cleaner technologies without setting any targets for reducing greenhouse gas emissions.The national action plan on climate change released today...
FE Report | 2008-07-02 00:00:00
The central bank has asked the commercial banks to strictly follow a uniform format in reporting on 'Know Your Customer (KYC)' and opening of new accounts from January 1, 2009 to bring discipline in the sector, officials said.The Bangladesh Bank...
Naim-Ul-Karim | 2008-07-02 00:00:00
Indian conglomerate Essar alongwith its Bangladeshi partners have renewed their willingness to invest $500 million for setting up a steel plant in any location in the country where power supply can be ensured, said an official Tuesday.The Indian steel producer...
A delegation of the syndicated lenders recently visited the plant of Popular Pharmaceuticals Limited (PPL) to observe commercial production and current status of the project.Syndications and Structured Finance Unit of Prime Bank Limited organised the visit programme as the lead...
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