Chittagong Stock Exchange (CSE) President Nasiruddin Ahmed Chowdhury has demanded annulment of proposed tax on dividend at corporate rates in respect of dividend income of corporate assesses to promote corporate investment in the Capital Market."Until now, corporate assesses are taxed...
FE Report | 2008-06-19 00:00:00
A delegation of Bank Muamalat Indonesia (BMI) visited the head office of Islami Bank Bangladesh Limited (IBBL) in the city recently.The BMI delegation attended a views exchange meeting with top executives of IBBL.Chaired by IBBL Managing Director M Fariduddin Ahmad,...
FE Report | 2008-06-19 00:00:00
Tetra Pak South Asia Markets (SAM) shifted the office of Tetra Pak Bangladesh to new premises in the city recently.Tetra Pak SAM Managing Director Peter Hane-Weijman inaugurated the new office premises.Also present at the inaugural ceremony were Commercial Director Ulric...
FE Report | 2008-06-19 00:00:00
Eastern Bank Ltd arranged a syndicated facility for advancing Tk 450 million medium term loan and Tk 200 million preference share for establishing a 25.17-MW capacity power plant, Everest Power Generation Company Ltd (EPGCL), a unit of Meghna Group of...
IT would be appreciated if the government sets up a National Tourism Authority (NTA). According to a recent newspaper report, an autonomous body would be set up to develop the country's potential tourism sector.The proposed body should be able to...
Asian Development Bank (ADB) will provide $50 million loan to help improve Bangladesh's technical skills training system as well as create better wage and employment prospects, reports UNB.An agreement for the loan was signed at Economic Relations Division (ERD) Wednesday....
SYDNEY, June 18 (AFP): Australia's economy is in the midst of a slowdown likely to last until at least the end of the year, according to a survey released today.The monthly Westpac-Melbourne Institute leading index, which indicates the likely pace...
The caretaker government decided to bend some rules of the Emergency Power Rules (EPR) to facilitate electioneering as schedules for election to some local bodies are likely to be announced in a couple of days, reports UNB.Education Adviser Hossain Zillur...
Martin Wolf, Financial Times chief economics commentator, earlier this month reviewed a new book by Professor Jeffrey Sachs, Common Wealth: Economics for a Crowded Planet, which, Wolf wrote, tackles the biggest question for the 21st century: "Is it possible for...
FE Report | 2008-06-19 00:00:00
Speakers at a city discussion meeting Tuesday stressed the need for discovering, collecting and properly preserving valuable archaeological art pieces.They urged the authorities to take necessary action in collecting the icons and other art pieces found across the country.They also...
KLAGENFURT, Austria, June 18 (AFP): Sweden may have taken a huge hit to their morale with the last minute defeat by Spain in their Euro 2008 Group D clash but they will be buoyed by the fact all they need...
CHUADANGA, Jun 18 (UNB): Six policemen, including a court havilder, were suspended on charge of assaulting a peon of Deputy Commissioner's office on the district court premises Monday.Suspended policemen are Havilder Ahsan Habib, Wahedur Rahman, Mokles Uddin, Fazlur Rahman, Aminul...
England produced a near-perfect performance in the opening match of the series at Chester-le-Street, the highlight of which was Kevin Pietersen's debate-provoking switch-hitting. Now, though, they have to start all over again at Edgbaston, in a match shrunk to 29...
Sir William Beveridge Foundation, a British charity, has launched its programme in Bangladesh by providing home care services to the vulnerable elderly citizens in their own houses through skilled and trained nurses free of cost.Disclosing this to the BSS, Rahman...
FE Report | 2008-06-19 00:00:00
The inter-bank call money rate dropped slightly Wednesday with sufficient flow of cash in the market. The US dollar, on the other hand, maintained its stable edge against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to modest...
FE Report | 2008-06-19 00:00:00
The incidence of bribery in law enforcement agencies, judiciary, electricity authorities, banks and tax department declined during January-June 2007 period following the anti-corruption drive undertaken by the caretaker government.On the other hand, the incidence of bribery increased in education, health,...
The cabinet has provisionally approved the Right to Information Ordinance 2008, a government spokesman said Wednesday, reports bdnews24.com."The ordinance has been sent to the law ministry for vetting," the chief adviser's press secretary Syed Fahim Munaim told reporters after a...
Former prime minister Khaleda Zia demanded Wednesday all ailing political leaders' treatment abroad, if necessary, while Communications Adviser Ghulam Quader said no impediment remains to release of the detained former premier, reports bdnews24.com.'There is no problem with releasing Khaleda Zia...
Enayet Rasul | 2008-06-19 00:00:00
The proposed budget for 2008-9 was hailed as a business friendly one. Duty reduction on capital equipment and raw materials proposed in it is intended to much stimulate industrial activities. Proposed cuts on corporate tax and upping duties on imported...
NEW DELHI, June 18 (PTI): Snapping a two days falling streak, the gold prices Tuesday shot up by Rs 270 to Rs 12,505 per 10 gram on the bullion market here on emergence of buying by stockists and jewellery fabricators...
Doulot Akter Mala | 2008-06-19 00:00:00
The government has brought uniformity in Harmonised System of Code (HS Code) of 47 products to resolve disputes over fixation of applicable duty on the same category products under different codes.The National Board of Revenue (NBR) has made the change...
Greece keep faith with RehhagelGreece coach Otto Rehhagel will keep his job, despite the European champions' early exit at Euro 2008. The German coach led Greece to an improbable victory at Euro 2004 and is under contract for another two...
Andrew Buchanan | 2008-06-19 00:00:00
PHRASES such as 'headline earnings', 'core results' and 'underlying profit', often accompanied by 'adjusted' or 'record', are common features in many financial reports.At a time of nervous markets and uncertain economic prospects it seems increasingly popular to exclude certain items...
The High Court (HC) passes its orders today (Thursday) upon a public-interest litigation (PIL) writ petition seeking court direction for ensuring due share of the Ganges water and an overdue review of the India-Bangladesh Ganges Water Treaty, reports UNB.After closing...
FE Report | 2008-06-19 00:00:00
The government has filed a case against the Canadian oil company Niko to realise compensation for the losses caused by the gas blowout at Tengratila in Sunamganj, said M Tamim, special assistant to the Chief Adviser, Wednesday.'As it is now...
KHULNA, June 17 (UNB): Khulna City Corporation (KCC) Public Relations Officer Sardar Abu Taher, who was sentenced to 17 years imprisonment in two extortion cases, surrendered before a court here Tuesday.Additional District and Sessions Judge Nazrul Islam sent Abu Taher...
BEIJING, June 17 (Xinhua): China's economy is forecast to grow at a slower annual rate of 10.4 per cent in 2008 because of a deteriorating external environment and domestic tightening policy, a research report said.The gross domestic product (GDP) in...
Bangladesh Cricket Board (BCB) has decided not to extend the six-month contracts of six players including Khaled Mashud Pilot and Javed Omar Belim, which expired on May 30, reports UNB.Four other players whose contracts have not been extended are Tushar...
URUMQI, (China), June 17 (AFP): Police imposed a security lockdown as the Olympic torch Tuesday started its run through China's mainly Muslim region of Xinjiang, seen as one of the most sensitive legs on its nationwide journey. The centre of...
Our Correspondent | 2008-06-18 00:00:00
CHITTAGONG, June 17: The 17th annual general meeting (AGM) of Confidence Cement Ltd was held on its Madambibir Hat factory premises on Sunday. The board of directors of the company declared 15 per cent cash dividend for the shareholders for...
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