An agreement for a credit line of Tk 100 million was signed between National Bank Ltd. and Premier Leasing International Ltd in the city recently. The deal will help augment the fund of the Premier Leasing International Ltd. for lease...
FHM Humayan KabirThe systems loss of the Titas Gas Transmission and Distribution Company Limited (TGTDCL) has gone down substantially over the last few months thanks to the authority's vigorous drives against illegal consumers and bill defaulters.Although the system loss of...
FE Report The flow of inward remittance touched nearly the US$5.50 billion (550 crore) mark in the first 11 months of the current fiscal, recording a 25.02 per cent growth over the corresponding period of the last fiscal, official sources...
FE Report Finance Adviser AB Mirza Azizul Islam said Thursday the shipping costs of export-import consignments have reduced by 20 per cent following a range of reform measures taken by the present interim government to transform the country's premier seaport...
FE ReportThe 15th China Import and Export Fair - 2007 started Wednesday at Kunming through a spectacular display of a dinosaur portrayal by a Chinese artist group in presence of a large number of businessmen as well as buyers.Younnan province...
FE ReportUnion Capital Limited (UCL) has approved 15 per cent cash dividend for its shareholders for 2006, subject to the approval of Bangladesh Bank.The dividend was approved in the company's 9th annual general meeting (AGM), held at its registered office...
FE ReportSquare Textiles Limited approved 30 per cent cash dividend and 15 per cent stock dividend (bonus share) for its shareholders for the year that ended on December 31, 2006 at its 12th annual general meeting (AGM) at Bangladesh-China Friendship...
LARGE scale operators in trading and industry including some state-owned non-productive sectors have relatively better access to generous credit from the nationalised as well as the privately-run banks and other financial institutions. The reason is that those enterprises can provide...
BANGLADESH ritually observed another World Environment Day on last Monday. But one cannot help but ask what the utility of such observation is when the worst environmental threat hangs over this country from the global phenomenon of climate change. Bangladesh...
POVERTY indicates lack of sources of income for a family from all available means. Poverty can also be measured by lack of assets (wealth). In rural areas, employment in farming is the main source of income. When such sources of...
CLASSIFIED loans and advances of scheduled banks are categorised as sub-standard, doubtful and bad/loss as per instructions of the Bangladesh Bank. Loan loss provision (LLP) is created for covering the bank for possible loan losses in the future. Interest accrued...
The interim government, after arresting some top politicians on charge of corruption, is now going to deal with the corrupt bureaucrats. This will be considered a follow-up move. Reportedly, members of the taskforces are collecting evidence of corruption from various...
According to press reports, the government of Bangladesh (GOB) has drafted a new energy policy. This would replace the prevailing energy policy that was introduced in 1995. What is worrisome about the new energy policy, from whatever could be learnt...
FE Report Finance Adviser A.B. Mirza MD. Azizul Islam unveiled Thursday a Tk 871.37 billion national budget for the fiscal 2007-08, setting priority for controlling inflation, stepped-up growth of agricultural sector, expansion of education facilities and promotion of rural development....
Prices of a number of items may be influenced by the budgetary measures such as tax, import duty and value-added tax according to the budget proposals for 2007-08 fiscal, reports bdnews24.com. The costs of soft drinks, mineral water, toilet soap,...
Shamsul Huq Zahid The proposed national budget announced by Finance Adviser Mirza Azizul Islam Thursday for the fiscal 2007-08 appears to be a blend of boldness and pragmatism, amid worries. The finance adviser has preferred to deviate from the traditional...
FE ReportFinance Adviser Mirza Azizul Islam recommended Thursday a series of measures in the proposed national budget for fiscal 2007-08 to rein in the prices of essential commodities in the local market.While presenting the budget the adviser proposed complete withdrawal...
FE ReportSimplification of procedures in income tax payment, rationalisation of tariff structure, reducing tariff discrimination and expansion of the existing net on the Value Added Tax (VAT) are the main features of the proposed new fiscal measures.The proposed fiscal measures...
FE ReportThe government has announced a three-year plan to increase power generation by 345 megawatts (MW) in the first year, 900 MWs in the second year and 1050 MWs in the third year.Finance Adviser AB Mirza Azizul Islam, in the...
BNP chairperson Khaleda Zia has termed newspaper reports based on joint interrogation cell's (JIC) interrogation about her family members' links in bribery and extortion 'false and baseless', reports UNB."These are being publicised with certain motives," she told reporters at the...
FE ReportThe annual inflation will come down to 6.5 per cent from existing 7.0 per cent and in the medium term this will fall gradually due to adoption of consistent and cautious fiscal and monetary policy, Finance Adviser Mirza Azizul...
FE Report In a major budgetary reform, the caretaker government has proposed a drastic cut in block allocation in the development budget for the fiscal 2007-08 to help avoid misuse of public money.The proposed budget, unveiled Thursday by Finance and...
The fast track Anti-Graft Court Thursday jailed neo-rich businessman Giasuddin Al Mamun for three years for non-submission of his wealth statement to the Anti-Corruption Commission (ACC) by the deadline to the graft watchdog, report agencies.After examining the prosecution's witnesses and...
FE ReportSimplification of procedures in income tax payment, rationalisation of tariff structure, reducing tariff discrimination and expansion of the existing net on the Value Added Tax (VAT) are the main features of the proposed new fiscal measures.The proposed fiscal measures...
FE ReportThe government has announced a three-year plan to increase power generation by 345 megawatts (MW) in the first year, 900 MWs in the second year and 1050 MWs in the third year.Finance Adviser AB Mirza Azizul Islam, in the...
BNP chairperson Khaleda Zia has termed newspaper reports based on joint interrogation cell's (JIC) interrogation about her family members' links in bribery and extortion 'false and baseless', reports UNB."These are being publicised with certain motives," she told reporters at the...
FE ReportThe annual inflation will come down to 6.5 per cent from existing 7.0 per cent and in the medium term this will fall gradually due to adoption of consistent and cautious fiscal and monetary policy, Finance Adviser Mirza Azizul...
FE Report In a major budgetary reform, the caretaker government has proposed a drastic cut in block allocation in the development budget for the fiscal 2007-08 to help avoid misuse of public money.The proposed budget, unveiled Thursday by Finance and...
The fast track Anti-Graft Court Thursday jailed neo-rich businessman Giasuddin Al Mamun for three years for non-submission of his wealth statement to the Anti-Corruption Commission (ACC) by the deadline to the graft watchdog, report agencies.After examining the prosecution's witnesses and...
FE Report Economists see the proposed national budget for the forthcoming fiscal as "a development-friendly budget," but have said the allocations on 'social empowerment' should give top priority on employment generation to give the economy a further boost. "It's a...
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