KATHMANDU, June 16 (AFP): There have been countless tea parties on the immaculate lawns of Kathmandu's royal palace but none like the latest one, when the edifice, now stripped of its monarch, officially became a museum.On Sunday, Nepal's elderly prime...
FE Report | 2008-06-17 00:00:00
Central bank chiefs of the eight-member Asian Clearing Union (ACU) will meet in Myanmar today (Tuesday) aiming to make the payment system easier and timely.They will also take a final decision on introduction of euro along with the US dollar...
FE Report | 2008-06-17 00:00:00
A 9-member business delegation of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) led by its president Annisul Huq has gone to Istanbul, Turkey, recently to attend the 'Turkey-Pacific Foreign Trade Summit and Buyer Mission' programme.The summit has...
The budget proposed for fiscal 2008-09 will not see any major change, finance and planning adviser AB Mirza Azizul Islam said Monday, reports bdnews24.comSome minor changes may be possible.Speaking to the news agency at his office, the adviser said: "After...
FE Report | 2008-06-17 00:00:00
Md Mukhter Hossain joined Shahjalal Islami Bank Limited recently as deputy managing director.Prior to joining the bank, he was the senior executive vice president of Prime Bank Limited.Upon completion of his Masters Degree in History from Dhaka University, Hossain started...
FE Report | 2008-06-17 00:00:00
Bangladesh has made remarkable progress by cutting the number of deaths of under-five children by half since 1990, said a UNICEF flagship report - the state of the World's Children 2008: Child Survival.The report said Bangladesh under -five mortality rate...
BEIJING, June 16: Online Chinese shoppers spent 16.2 billion yuan (2.3 billion US dollars) in 19 major cities in the first half of 2008, China Internet Network Information Center (CNNIC) said Monday.The findings were based on a survey carried out...
Law, Justice and Parliamentary Adviser AF Hassan Ariff left Dhaka for Mexico Monday to attend a workshop, reports UNB.The three-day practitioners' workshop on "Non-conviction Based Asset Recovery" begins today (Tuesday) at the Mexican city Cancun.Representatives from 20 countries will attend...
LONDON, June 16 (AFP): UN chief Ban Ki-moon arrived in London Sunday after a 24-hour visit to Saudi Arabia during which he was assured the OPEC powerhouse would further increase oil output to meet heightened demand from its customers.On the...
President Iajuddin Ahmed and Chief Adviser (CA) Fakhruddin Ahmed have greeted their Iceland counterparts on the occasion of the National day of that country, reports UNB.The President, in a message to President Olafur Ragnar Grimsson of Iceland Monday, expressed his...
WHEN does a target become an own goal? The vast majority of countries that have inflation targets are way above them. Of the large economies that use a target, only Canada is within its chosen range. Turkey has been the...
Raphael Minder | 2008-06-17 00:00:00
Indian companies are likely to keep raising salaries by about 15 per cent a year until 2011 as skills shortages overshadow concerns about higher input costs, according to Mercer, the consultancy.The forecast, part of Mercer's annual Asia-Pacific compensation report, comes...
THE government usually stops monthly payment order (MPO) of the schools, which fail to perform up to the expected results in school final examinations. This strategy was taken up to create a pressure on the school managements to maintain a...
HOUSE rent has abruptly increased in the city by 10 to 25 per cent on average in the wake of the announcement that government has raised dearness allowance (DA) for public servants in the new budget. This was reported in...
FE Report | 2008-06-17 00:00:00
The country's telecom regulatory body has sharply reduced bandwidth charge of submarine cable network aiming to encourage use of Internet in the country.Bangladesh Telecommunication Regulatory Commission (BTRC) on Monday reduced the charge, saying it will help minimise the cost of...
FE Report | 2008-06-17 00:00:00
The Bangladesh Jute Mills Association (BJMA) praised the finance adviser Mirza Azizul Islam for making the proposals for continuation of the existing export subsidy and disbursement of arrear subsidy in the budget for fiscal year 2008-09.The association, however, mentioned that...
LONDON, June 16 (AFP): Wrapping up a farewell Europe tour, US President George W. Bush held talks Monday with British Prime Minister Gordon Brown, notably on Iraq, as well as Mideast envoy and good friend Tony Blair.The US president, who...
FE Report | 2008-06-17 00:00:00
Fertiliser producers Monday urged the government for making special budget allocation for better protection of soil health and creating a fund to support establishment of new organic fertiliser factories in the country.Members of Organic Fertiliser Manufacturers Unit (OFMU) of Bangladesh...
Xavier Marshall's exciting 85 gave West Indies reason to cheer but Australia shook off some uncharacteristic fielding fumbles to take themselves within seven wickets of victory and a 2-0 series win in Barbados. At stumps on the fourth day West...
FHM Humayan Kabir | 2008-06-17 00:00:00
The government is likely to receive US$320 million worth of credit from World Bank later this month to help offset the budget deficit in the current fiscal, an official said Monday."Bangladesh government will sign a deal with the World Bank...
Andrew Wood | 2008-06-17 00:00:00
FT Syndication ServiceHONG KONG: Hang Seng Indexes has said it will launch a cross-market China index to measure the performance of shares of the country's 50 biggest companies, whether they are listed in Hong Kong or on the stock exchanges...
The Asian Development Bank (ADB) would provide a food assistance of $130 million as budget support for the 2008-09 fiscal to meet the government's food requirement under its social safety net programmes, reports UNB."A substantial support from the ADB would...
Dhaka Power Distribution Company (DPDC), a newly created entity in the power sector, is going to start its journey on July 1 taking over the entire operation of the existing Dhaka Electric Supply Authority (Desa) on June 30.Official sources said...
The arraignment hearing on the Gatco graft case was once again deferred to June 24 Monday following Sunday's order of the Appellate Division of the Supreme Court (SC), reports UNB.The SC adjourned for one month the hearing of the Anti-corruption...
NATORE, June 16 (UNB): Police arrested general secretary of district BNP Shahidul Islam Bachchu from his residence at Fouzdari Para in the district town Monday on charge of extortion.Resident Engineer of district Power Development Board (PDB) Shahidul Islam filed the...
THIS year's trillion Taka budget is based on expectations that there would be greater tax collection. The large size of the budget is based on expectations that taxpayers, in increasing numbers will fill the government's coffers to make the budget...
Our Correspondent | 2008-06-17 00:00:00
CHITTAGONG, June 16: Despite bringing the poultry sector under a special facilities network in the recently announced budget, due to greed of a section of hatchery owners, price of even one-day old poultry chick has jumped to Taka 40 in...
Tenth death confirmed | 2008-06-17 00:00:00
after Japan quakeKURIHARA, (Japan), June 16: Another body was pulled Monday from a resort in northern Japan hit by a powerful earthquake, bringing the total death toll from the disaster to 10, an official said. "The body of a man...
Zarif, a nine year old boy, studying at Dhanmondi Junior Laboratory School in class two, has been suffering from APLASTIC ANEMIA, a deadly disease which is curable but the treatment cost is about Tk 5.0 million, said a press release.His...
SYLHET, June 16 (UNB): Election Commission (EC) will organise a workshop at DC office Wednesday for the candidates, who are interested in contesting the upcoming Sylhet City Corporation Elections for the posts of Mayor and ward commissioners.The daylong workshop will...
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