From Fazle RashidNEW YORK, June 6: Cheap labour from China, India, Eastern Europe and Bangladesh immensely helped the rapid growth of economic development worldwide without the sting of inflation. The situation is reversing. The impact of inflation is being...
David Pilling, FT Syndication ServiceTOKYO: In 1985, Japan was considered so menacing an exporter that the US ganged up with West Germany, the UK and France to force a revaluation of the yen. Two years after Tokyo was roughed...
HEILIGENDAMM, June 06 (Agencies) : Leaders from the world's key industrialised nations will vow joint action to fight poverty and HIV/AIDs, US President George W Bush and German Chancellor Angela Merkel said Wednesday. But the US and German leaders,...
German President Horst Köhler has sought advice from microcredit guru Muhammad Yunus on what the industrialised countries should do on reduction of poverty, globalization, trade, climate change and the environment, reports bdnews24.com All these issues are expected to be...
RAJSHAHI, June 6 (UNB): Rajshahi City Corporation (RCC) Mayor and former BNP lawmaker Mizanur Rahman Minu and two other BNP leaders were sent to jail Wednesday in an extortion case.Sources said Minu, former general secretary of Rajshahi City BNP...
FE ReportThe US dollar marked slight gain against the Bangladesh taka (BDT) Wednesday in the interbank foreign exchange market despite stable demand for the greenback, fund managers said.The exchange rate of the dollar against the BDT ranged between Tk...
Refayet Ullah MirdhaRupali Bank share price fell by more than 6.0 per cent over the past two sessions on the Dhaka Stock Exchange (DSE) amid selling pressure by the investors, who have been depressed by unusual delay in the...
The right hand of the government must endorse and support what its left hand does. It is needed not only for uniformity of actions and direction but also for the realisation of its purpose. Whenever inconsistencies occur in inter-related laws...
Qazi AzadTHE cabinet committee on economic affairs, which is headed by the Finance Adviser, has reportedly deferred the decision last Monday on a proposal for a fresh spiral of power tariff. Instead, it has given the decision for forming a...
Ghulam MostafaThe budget for the coming fiscal year, 2007-08, is just round the corner. It will be declared soon and become effective from next month. Although the budget is supposed to be only disclosed during its formal presentation, in the...
Joe Leahy ON a clear day it is almost impossible for visitors flying into Mumbai's international airport to miss Asia's largest slum or rather the patchwork of dirty grey tin roofs and blue tarpaulin it forms over a vast area...
On the question of 'Does Biman have a future?' I have been an airline aficionado ever since my childhood. I used to admire the PIA pilots flying into Tejgaon with their beautiful smoke belching Lockheed Super Constellations, then came the...
A report in this daily said that the government is considering to review the prices of medicines taking into consideration that it has not been increased for nearly a decade. In a press briefing recently, Health Adviser Major General (Rtd.)ASM...
Tom EngelhardtBut those of you visiting our new embassy via BDY's website have no such worries. So get that container of Baskin-Robbins from the freezer and take another moment to consider this new wonder of our world with its own...
Julio Godoy from Rostock, GermanyOver the last several weeks the German government tightened controls on civil society groups and leftist anti-globalisation activists in order to prevent, as the official lines goes, "violent disruptions" of the G8 summit of industrialised countries...
Roberto Villar Belmonte from Sao PauloBrazil, one of the world's agricultural superpowers, will see changes in the map of its emblematic crops, like coffee and soybeans, as a result of global climate change, say the latest studies. Even the most...
Matthew Benjamin and William McQuillenRobert Zoellick's biggest task at the World Bank, next to restoring staff morale, may be to restrain the expansion of the largest development organization's mission. The former U.S. trade representative will take over a 61- year-old...
FE ReportThe Energy and Mineral Resources Division (EMRD) is mulling a plan to set up fifty new compressed natural gas (CNG) filling stations across the country by December next to cope with the sharp rise in demand for CNG,...
FHM Humayan Kabir Dhaka is unlikely to endorse the cross-border transport and trade facilitation project under the South Asia Sub-regional Economic Cooperation (SASEC) at this stage due to an absence of national consensus on the issue, official sources said.However, it...
Fiona Harvey A chorus of European governments, United Nations officials and green activists has for months been calling 2007 a pivotal year for climate change.The reason is that the main provisions of the Kyoto protocol on emissions cuts expire in...
FE Report The Bangladesh Bank (BB) is going to modify the auction system of the government bonds from the beginning of the next fiscal aiming to activate the country's secondary bond market, official sources said.Under the proposed system, the auction...
The caretaker government looks set to widen the social safety net in the upcoming budget to speed up poverty reduction initiatives, finance ministry officials said, reports bndews24.com.Both the allocation and the number of recipients would be increased by 10...
Collusion between taxpayers, collectors and auditors prevents non-listed companies from going public although they face higher taxes, Securities and Exchange Commission (SEC) chairman Faruq Ahmad Siddiqi said Tuesday, reports bdnews24.com. "I think fiscal benefits are market-friendly. But no policies...
Tannery owners Tuesday paid the Industries Ministry the first instalment of money for 164 plots in tannery industrial cities of Savar and Keraniganj, reports bdnews24.com. Industries Adviser Geeteara Safiya Choudhury expressed the hope that the tannery industry owners would...
CHITTAGONG, June 5 (UNB): SAIF Powertec Limited, the private operator of Chittagong Container Terminal (CCT), Tuesday said that it expected to make Chittagong port as dynamic as Singapore Port by next month."It'll be possible to make Chittagong port as...
The new national budget to be proposed tomorrow (Thursday) sets an economic growth -- gross domestic product (GDP) -- target of 7.0 per cent for fiscal 2007-08 on better outlook of farm outputs and external sector performance, reports UNB.It...
DU Correspondent The syndicate meeting Tuesday decided to nullify the admission of some 76 fake students at various departments and institutes of Dhaka University.The syndicate, at the same time, declared all the admission papers of the aforesaid fake students as...
FE Report The US dollar remained stable against the Bangladesh taka (BDT) Tuesday in the interbank foreign exchange market. The market experienced steady demand for the greenback, fund managers said.The exchange rate of the dollar against the BDT ranged between...
FE Report The passengers train service between Bangladesh and India is expected to start later this month as the country is completing the official procedures with its neighbour, official sources said."The commercial train service between Dhaka and Kolkata will...
FE ReportThe stock prices on Dhaka Stock Exchange (DSE) declined on profit-taking Tuesday with the fall of power sector issues. Most of the banking issues, however, rose on the day.The total turnover also declined to Tk 1.797 billion (179.7 crore)...
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