The budget-making exercise has otherwise been tormenting this time for all those who were involved in the process of finalising its estimates. Such estimates relate to fund flows into the public exchequer in the forms of both Consolidated Fund and...
JEDDAH (Saudi Arabia), June 10 (AFP): Oil kingpin Saudi Arabia called Monday for talks with consumer nations on soaring world prices and reiterated its readiness to meet any increase in demand.The Saudi call was swiftly welcomed by the United States,...
Detained former Prime Minister and BNP Chairperson Khaleda Zia Tuesday termed illegal the budget and tax proposals by the caretaker government according to Article 83 of the Constitution, reports UNB.Talking to her lawyers during consultations at a special court, she...
FE Report | 2008-06-11 00:00:00
Air Arabia, the first and largest low-cost carrier (LCC) in the Middle East and North Africa, launched non-stop service to Dhaka Sunday from the carrier's main hub in Sharjah. Flights will initially operate four times a week.The inaugural flight took...
The 35th Annual General Meeting (AGM) of British American Tobacco Bangladesh (BATB) Company Limited was held at a city hotel Tuesday. The AGM was chaired by its Chairman and Managing Director Nicholas S Hales, says a press release.A large number...
FE Report | 2008-06-11 00:00:00
Warid Telecom, the fourth largest mobile phone operator in Bangladesh, launched its mobile phone operations in Chittagong Hill Tracts (CHT) Tuesday to meet the needs of local people through its cutting-edge network.The mobile phone service of Warid Telecom is now...
BNP secretary general Khandaker Delwar Hossain Tuesday criticised government's "double standard" in application of law about two top leaders -- Hasina and Khaleda -- which he said will not be acceptable to the people, reports UNB."By dint of executive order...
SHANGHAI, June 10 (AFP): China's economy is likely to grow about 10 per cent in 2008 despite the global slowdown, and the government expects to rein in inflation, state media reported today, citing a senior economist.Growth will be slower than...
NOTTINGHAM, England, June 10 (AFP): England coach Peter Moores expects New Zealand to be a far tougher proposition in the upcoming one-day series than they were in a lopsided Test campaign.England cruised to a 2-0 Test series victory with an...
FE Report | 2008-06-11 00:00:00
The country's major chambers gave Tuesday a mixed reaction over the proposed budget for the fiscal 2008-09.The Metropolitan Chamber of Commerce and Industry (MCCI) feels that the budget for 2008-2009 has correctly identified the challenges facing the country's economy.In its...
JIANGYOU, (China), June 10 (Reuters): Floodwaters crashed out of a dangerously unstable "quake lake" in southwest China Tuesday after soldiers blasted open a sluice, significantly easing the threat of disaster for hundreds of thousands of people downstream. Water from the...
FE Report | 2008-06-11 00:00:00
The Bangladesh Bank (BB) has continued its intervention in the inter-bank foreign exchange market by selling more greenbacks to keep the market stable, officials said.The central bank sold US$5.0 million at the market rate to two commercial banks Tuesday to...
A special court that deals with corruption cases Tuesday further deferred to June 16 the charge hearing in the GATCO scam case against detained former Prime Minister and BNP chairperson Khaleda Zia, her younger son and eight former ministers, among...
ECB head again says Eurozone rate hike possible next monthPARIS, June 10 (AFP): European Central Bank head Jean- Claude Trichet Monday reiterated a warning made last week that eurozone interest rates could be raised next month to counter projected inflation...
Already jailed for 32 years, Rajib Siraj Apu, son of former minister and BNP leader Shajahan Siraj, was Tuesday again sentenced to five years' rigorous imprisonment for money laundering, reports UNB.Passing the sentence, judge of a special court M Ashraf...
LJUBLJANA, (Slovenia), June 10 (Agencies): President Bush opened his last summit with the European Union on Tuesday with a long list of trans-Atlantic issues on his plate - Iran's nuclear ambitions, Afghanistan's woes, climate change, Mideast peace and perhaps even...
Pakistan elements aiding | 2008-06-11 00:00:00
Taliban insurgents: USWASHINGTON, June 10: Members of Pakistan's intelligence services and its paramilitaries are supporting Taliban insurgents who enter Afghanistan to attack US and NATO forces, a US think-tank said in a report released Monday. The study by the RAND...
NEW DELHI, Jun 10 (PTI): Pitching for the Indo-US nuclear deal in a veiled manner, Prime Minister Manmohan Singh yesterday said the country does not have the "luxury" of limiting options of energy and that nuclear technology was essential for...
Syed Ishtiaque Reza | 2008-06-11 00:00:00
RECENTLY speakers at a workshop said the rate of internal migration, mainly from villages to cities and towns of Bangladesh is one of the highest in South Asia. They attributed the rush of people from the villages to the towns...
Naim-Ul-Karim | 2008-06-11 00:00:00
The country's export in the first ten months of the outgoing fiscal fell short of target by 2.4 per cent despite a hefty double digit growth over that of the same period of last fiscal, a senior official said Tuesday.He...
AB Bank Foundation has made a donation of Tk 1.0 million to Bangladesh Organisation for Disabled Advancement (BODA), says a press release.The amount will be used for providing special training to the disabled persons to enhance their skills and make...
Pubali Bank Training Institute recently arranged a workshop titled Asset Liability Management for the officers of the bank at its head office. Managing Director of the Bank Helal Ahmed Chowdhury was present as the chief guest in the workshop, says...
Shakhawat Hossain | 2008-06-11 00:00:00
The government Tuesday enhanced the selling price of urea and Muriate of Potash (MOP) by more than 200 per cent to reduce pressure on subsidy regime, an industry ministry official said.The selling price of per tonne of urea fertiliser has...
SIRAJGANJ, Jun 9 (UNB): A court here Monday convicted 14 people and sentenced them to 10 years imprisonment each in a murder case.The court also fined convicts-Hasan Miah, Abul Hossain, Alauddin, Haidar Ali, Monjurul Hasan, Abdul Aziz, Bablu, Bellal, Pagol...
FE Report | 2008-06-11 00:00:00
A co-generation service system will be installed by Dana Engineers International Ltd. at the Grameenphone Headquarters building at Bashundhara in the city.In this connection, an agreement was signed among Grameenphone Ltd and Dana Engineers International Ltd, a sister concern of...
M Azizur Rahman | 2008-06-11 00:00:00
The government has taken up a Tk 6.50 billion plan to augment gas production by 300 million cubic feet per day (mmcfd) by 2011 officials said."A total of 13 new wells in different gas fields will be explored, developed and...
BUENOS AIRES, June 10 (AP): Argentina, one of the world's biggest breadbaskets, should be rolling in cash as world food prices soar.Instead, soy, wheat and corn have sat for weeks in silos as farmers protesting new export taxes suspended sales.Farmers...
NAIROBI, June 10 (Reuters): A hardline Islamist leader rejected Tuesday a UN -brokered peace pact signed in Djibouti by the Somali government and some opposition figures, and vowed that war would continue. "We don't see that as a peace deal,...
FE Report | 2008-06-10 00:00:00
The government has set a target to disburse Tk 90 billion as agriculture credit through banks and non-banking financial institutions in fiscal 2008-09.Finance Adviser Mirza Azizul Islam disclosed the target in his budget speech Monday."In the current fiscal year, there...
KLAGENFURT, Austria, June 9 (AP): Lukas Podolski scored both goals Sunday to give three-time champion Germany a perfect start at the European Championship with a 2-0 win over his native Poland, which remained winless against the Germans.Podolski was born in...
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