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...
FE Report | 2008-06-17 00:00:00
The inter-bank call money rate rose Monday with increased demand for cash on internal adjustments. US dollar, however, remained stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market despite higher demand for the greenback, fund managers said.The call...
HANOI, June 16 (Xinhua): Vietnam will attract over 23 billion US dollars of foreign direct investment (FDI) in the first half of this year, the biggest-ever amount in a year, local newspaper Youth today quoted a local investment official as...
SINGAPORE, June 16 (AFP): Singapore's economy is forecast to expand by 5.5 per cent this year, slightly off the previous survey in March, the city-state's de facto central bank said today.The median forecast was trimmed from the 5.6 per cent...
Sramik Karmachari Oikya Parishad, an umbrella organisation of labour rights groups, has disputed the finance adviser's comment that 'government managed industries cannot thrive' due to the attitude of state-employed workers, reports bdnews24.com."The government is just passing the buck, that is,...
Naim-Ul-Karim | 2008-06-17 00:00:00
Japan's leading mobile communications company, NTT DOCOMO, Inc has announced its acquisition of 30 per cent stake in AKTel, Bangladesh's third-biggest wireless carrier, at a cost of $350 million.The announcement of the Japanese cell phone giant came in a statement...
FE Report | 2008-06-17 00:00:00
Square Textiles Ltd approvedcash dividend at the rate of 25 per cent and stock dividend (bonus share) at the rate 20 per cent for its shareholders for the year 2007 at its 13th annual general meeting (AGM) held in the...
COLOMBO, June 16 (AFP): A suspected Tamil Tiger rebel detonated explosives on his motorcycle outside a police office in northern Sri Lanka Monday, killing at least 12 police, officials said.Forty people, including school children, were also wounded in the attack...
JEJU ISLAND, South Korea, June 16 (AFP): Surging prices for oil, food and other commodities threaten stable world economic growth, Asian and European finance ministers said today.The ministers, in a statement after a two-day meeting, expressed concern at the increases...
RAJUK chairman and two joint secretaries were Monday given transfers and postings in a latest reshuffle in the administration, reports UNB.RAJUK Chairman KAM Harun (additional secretary) was made chairman of Bangladesh Land Port Authority while joint secretary of the Cabinet...
Ansar-members clashed with patients at an outdoor ticket counter of Bangabandhu Sheikh Mujib Medical University (BSMMU) hospital in the city, leaving at least 20 people injured, report UNB and bdnews24.com.Witnesses said the clash ensued at about 10:45am when an Ansar...
Chris Giles and | 2008-06-17 00:00:00
David PillingFT Syndication ServiceOSAKA: Hank Paulson, US Treasury secretary, talked up the dollar in Osaka at the weekend as the Group of Eight finance ministers warned of the increasing threat inflation posed to their economies.Taking their cue from tough comments...
Kayes M Sohel | 2008-06-17 00:00:00
The commercial banks are doing brisk business by charging high fees for issuing bank certificates to update the existing Beneficiary Owners' (BO) accounts as per mandatory requirement of a Securities and Exchange Commission (SEC) order.The SEC in its order said...
M Azizur Rahman | 2008-06-17 00:00:00
The energy ministry is eyeing on winning a slice of the US$ 10 billion global clean technology fund to rehabilitate the country's old gas-fired power plants to reduce energy consumption and cut pollution, officials said."The ministry has assigned state-owned Petrobangla...
Anatol Lieven | 2008-06-17 00:00:00
In public, defeat in Afghanistan is unthinkable for western governments. In private, for many it already seems inevitable - at least if the western definition of "victory" remains the vastly overblown goals set since the overthrow of the Taliban, within...
The Ministry of Foreign Affairs (MoFA) dismissed the report carried by a section of newspapers Monday that the European Parliament held a hearing on human rights situation in Bangladesh, reports UNB.A spokesman of the ministry said the meeting was an...
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