FE Report | 2008-06-13 00:00:00
IFIC Bank Limited held a seminar on 'Prevention of Money Laundering' jointly organised by its academy and the central compliance unit of prevention of money laundering of the bank in the city recently.Bangladesh Bank General Manager (Anti-money Laundering Department) M...
BOSTON, Jun 11, (Reuters): As oil prices spike, many Americans are rediscovering the railroad.Amtrak, America's struggling passenger railroad, saw record numbers in May when ridership rose 12.3 percent from a year earlier, and ticket sales climbed 15.6 percent, according to...
Palestinian gunman | 2008-06-13 00:00:00
killed in GazaGAZA CITY, June 12: A Palestinian gunman was killed on Thursday in a firefight with Israeli troops in the northern Gaza Strip, Palestinian emergency services said. The clash occurred in the Beit Lahya area, near the fence that...
Iran welcomed Thursday the caretaker government's decision to release former Prime Minister and Awami League chief Sheikh Hasina for treatment abroad, reports BSS."It is a positive action of the government. I welcome the decision of the caretaker government which made...
FE Report | 2008-06-13 00:00:00
The central bank sees the near term outlook for the economy positive despite adverse price developments in the international markets and less growth prospects of the global economy in 2008."This positive outlook, however, is underpinned by several factors, such as...
NAV of Aims First Mutual FundAims First Mutual Fund: On the close of operation on May 31, 2008, Aims First Guaranteed Mutual Fund has reported the net asset value (NAV) of Tk 2.89 per unit on current market price basis...
SYDNEY, June 12 (AFP): A sharp fall in employment in Australia showed that a series of interest rate rises and slower global growth were having an effect on the economy, Deputy Prime Minister Julia Gillard said today.Employment fell by a...
Scolari named as Chelsea managerChelsea have named Portugal boss Luiz Felipe Scolari as their new manager in succession to Avram Grant. Scolari, who is currently in charge of the Portuguese side at Euro 2008, will take over at Stamford Bridge...
Detained former prime minister Khaleda Zia said Thursday BNP would consider going to dialogue with the government if a "proper environment for elections" was created, reports bdnews24.com.Speaking in front of lawyers and reporters, while standing in the dock at court,...
The President promulgated the Anti-Terrorism Ordinance 2008 providing death penalty for offences like terror financing and staging murder to create panic and jeopardise the country's sovereignty, reports UNB.The Ordinance came into effect from Wednesday through a gazette notification.Special Tribunal will...
FE Report | 2008-06-13 00:00:00
Bangladesh Jute Association (BJA) Chairman Md Rezaul Karim has termed the proposed national budget as reasonable and realistic.But the BJA chief expressed his disappointment over the absence of any direction and guideline for the jute sector in the proposed budget.Bangladesh...
KHULNA, June 12 (UNB): The passing out parade marking the induction of a batch of new entry sailors of Bangladesh Navy was held at BNS Titumir parade ground here Thursday.Chief of Naval Staff Vice Admiral Sarwar Jahan Nizam reviewed the...
In the budget for the fiscal 2008-09, the caretaker government has proposed to increase the prices of urea and Muriate of Potash (MP). The concerned authorities have already announced the hike in the administered prices of both urea and MP....
FE Report | 2008-06-13 00:00:00
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the country's apex trade body, has termed the proposed budget investment and business friendly."The budget envisages fulfillment of basic demands of the businessmen, which will facilitate investment and business," the...
THE finance adviser, according to his own claim and also as per the views of the chamber bodies, presented a business-friendly budget. Economists also did not make any severe adverse criticism of the proposed budget for fiscal 2008-2009. But I...
From Fazle Rashid | 2008-06-13 00:00:00
NEW YORK, June 12: No one in the United States tries to conceal the fact that the economy is going through a spell of recession. The Fed officials and Treasury department say the current problems stem from the record spike...
FE Report | 2008-06-13 00:00:00
BSRM Group, an industrial conglomerate has urged the government to remove the duty anomaly imposed on billets and rods as proposed in the budget for 2008-09."The duty on billets, if applied on ad-valorem would be approximately Tk 5500 per tonne...
KARACHI, June 12 (AFP) : Pakistan's cricket chief on Thursday accused the national team of lacking commitment after they suffered their biggest-ever defeat against arch-rival India.India thrashed Pakistan by 140 runs in the tri-series match held in Dhaka, Bangladesh on...
Keeping in abeyance the trial of former Prime Minister Sheikh Hasina in the barge-mounted power plant graft case, a special court Thursday fixed June 18 as the next date following a late development, reports UNB.Judge M Firoz Alam passed the...
COMILLA, June 12 (UNB): The staff of Suaganj Forest Station seized a truck loaded with teak timber worth Tk 0.6 million (6.0 lakh) and arrested two people in Daudkandi Upazila Wednes-day morning.Acting on a secret information, the officials and employees...
The BBC has obtained documents suggesting that Zimbabwe's military is actively involved in running Robert Mugabe's re-election campaign, according to Internet.The documents outline plans by ruling party Zanu-PF to harass and drive out opposition supporters, especially from rural areas. A...
SEOUL, June 12 (AFP): Senior European and Asian financial officials will gather in South Korea this weekend to debate ways to tackle the global financial turmoil sparked by the US subprime mortgage crisis.Europe's huge and growing trade shortfall with China...
FE Report | 2008-06-13 00:00:00
The inter-bank call money rate closed lower Thursday although the market experienced higher demand for cash. The US dollar, however, maintained its earlier strength intact against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to intervention inflow of...
Md. Ashraf Hossain | 2008-06-13 00:00:00
The government's proposed budget for fiscal 2008-09 is industry-friendly, on the a whole. However, there are some factors that merit reconsideration by the government as well. The reduction of customs duty by two per cent has been proposed for imported...
Farhan Bokhari | 2008-06-13 00:00:00
FT Syndication ServiceISLAMABAD: Pakistan's inflation rate surged to its highest level in more than 30 years in May, new data showed last Wednesday as the government released a budget that includes a big reduction in fuel and food subsidies.Consumer prices...
Four organisations of primary teachers have declined an offer by BRAC founder and boss Fazle Hasan Abed to sit across the table and end the hostility over a government project to train primary school teachers under the non-government organization, reports...
M S Haider | 2008-06-13 00:00:00
THERE was a time when dictatorship, centralisation of power and all the other attributes of strong individual dominated regimes used to be at least secretly admired by a large number of people. But many of these same people with their...
FE Report | 2008-06-13 00:00:00
The Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared net asset values (NAV) of its three unit funds.The total NAV of ICB AMCL First Mutual Fund stood at Tk 185,179,753.71 on the basis...
MANIKGANJ, June 12 (UNB): Armed robbers looted cash and valuables worth about Tk 1.0 million (10 lakh) from four houses at Uttar Sheota in the district town Tuesday and Wednesday.Local people said the robbers numbering 20/25 swooped on the house...
ROME, June12 (Agencies): President Bush can look forward to a hearty welcome from his old friend, the charismatic Italian Premier Silvio Berlusconi, and Pope Benedict XVI during his visit to Rome. That's not what was found on the streets, however,...
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