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...
The board of directors of the Prime Bank Limited has shown sympathy to the family of a late employee of the bank, said a press release. Assistant Vice President of Kawran Bazar branch of the bank Umme Kulsum died of...
FE ReportWomen In Small Enterprises (WISE) and Bangladesh Mohila Samity (BMS) jointly organised a training programme titled 'how to start business' for the members of Boishakhi Mothers' Club in the city Saturday.WISE President Rokeya Afzal Rahman inaugurated the training programme.BMS...
SINGAPORE, June 9 (Bloomberg): Asian stocks fell this week, after setting a new high, on concern rising global interest rates will curb spending and investment worldwide. Sony Corp. and DBS Group Holdings Ltd. declined. "We are moving into a phase...
LONDON, June 9 (Bloomberg): European stocks posted their biggest weekly slide in three months after the European Central Bank raised its benchmark interest rate and yields on US 10-year Treasury notes touched the highest in five years. UBS AG, Europe's...
Jalaluddin Ahmed has been elected chairman of the Social Marketing Company (SMC). Ahmed is a former secretary and has a distinguished educational and service background. He joined the Civil Service of Pakistan in 1961. During his long career, he served...
The preliminary round of the Lakme NextGen Designer Search-2007 was held at sports zone in the city recently. A total of 26 designers showcased their lines on the ramp. Sculptor Ferdousi Priovashini, fashion photographer David Barikder and fashion designer Shahrukh...
Bangladesh Finance and Investment Company Ltd Nature of Business: Lease Finance & Term Finance Subscription Opens: June 10 2007Subscription Closes: June 14 2007 Subscription for NRB: June 10, 2007 to June 23, 2007 Offer Price (Tk.): 100.00 Market lot (Share):...
THE rate of inflation is showing no signs of abatement. The rate that was remarkably on the low side in the early nineties has now gone up. The latest official measure of inflation puts it at 7.4 per cent until...
Shahiduzzaman KhanThe WTO agreement on TRIPS (Trade Related Intellectual Property Rights) has opened up doors to enormous opportunities for the Bangladesh pharmaceuticals sector, Bangladesh is the only country among the 50 LDCs which has strong manufacturing base of finished pharmaceuticals....
Anwar AhmedWHAT the Chief Adviser (CA) has underlined in his recent address to the conference of deputy commissioners (DCs), is very significant particularly in the backdrop of the on-going drive against corruption. The CA has proposed creating conditions within institutions...
Martin Wolf HAPPINESS is fashionable these days. Yet should we accept the common view that the new "science" of happiness has cemented the superiority of Scandinavian social democracy over Anglo-Saxon liberalism? The answer is: No. The results are just as...
THE government decided two years ago that it would make laws to control noise pollution. Accordingly, the draft of an act was prepared that recommended Taka 10,000 as fine and maximum six months of imprisonment for producing noise higher than...
THE teachers of a government primary school may not be highly paid persons. But they are important persons being responsible for imparting formal education at the beginning institutional level of formal education. But they are indeed poorly paid. But it...
Tom EngelhardtFinally, the great American disconnect may be ending. Only four years after the invasion of Iraq, the crucial facts-on-the-ground might finally be coming into sight in this country -- not the carnage or the mayhem; not the suicide car...
Julio Godoy from Heiligendamm, GermanyThis yearr's summit of the G8 heads of government will likely be remembered as a "how not to" organise such an event, for the contrast between the expectations it raised and its negligible accomplishments, and for...
Marwaan Macan-Markar in BangkokBURMA'S acting prime minister, Thein Sein, has summed up in four words the political direction his country is headed for once a new constitution is approved. It will be a ''developed discipline-flourishing democratic state,'' he says. His...
FE ReportAmbassador of the Islamic Republic of Afghanistan to Bangladesh Ahmad Karim Nawabi paid a visit to the Islamic University of Technology (IUT), a subsidiary organ of the Organisation of the Islamic Conference (OIC), Thursday. The IUT Vice-Chancellor M Fazli...
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