FE Report | 2008-06-10 00:00:00
The Securities and Exchange Commission (SEC) Monday held a daylong meeting to review the current market situation but could not take any decision to cool down the overheated market.However, the market regulator will sit today (Tuesday) at 12:30 pm with...
FE Report | 2008-06-10 00:00:00
The caretaker government Monday proposed a Tk 545.00 billion tax revenue target from sources coming within the purview of the National Board of Revenue (NBR), incorporating a number of new fiscal measures to enhance tax-base in the fiscal 2008-09.The projected...
TOKYO, June 09 (AFP): Asian stocks tumbled Monday after a breathtaking surge in oil prices and shock jump in US unemployment sent Wall Street spinning and fanned fears of sharply slower economic growth.Japanese shares slid just over two percent after...
Md. Ashraf Hossain | 2008-06-10 00:00:00
Recently the Federation of the Bangladesh Chambers of Commerce of Industry (FBCCI) requested the government to extend tax holiday for promoting country's economic development. It appears from the fiscal policy that in last couple of years, the government has been...
TEHRAN, June 9 (AFP): The price of crude oil is set to rise even further to 150 dollars a barrel by the end of summer, Iran's representative to the OPEC oil cartel warned yesterday."I foresee the price of oil reaching...
Shamsul Huq Zahid | 2008-06-10 00:00:00
THE capital market regulator-the Securities and Exchange Commission (SEC), is considering amendments to the existing rules for the merchant banks to force the latter for accomplishing one of their basic jobs-to bring in new issues to the stock market.The chairman...
England cricketers get cash bonus boostNOTTINGHAM, England, June 9: England's Test players have seen their win bonuses increased to two million pounds (4 million dollars) a year as cricket chiefs react to the cash bonanza caused by the growth of...
A special court in Dhaka Monday exempted detained former premier and Awami League (AL) president Sheikh Hasina from appearing in person during trial proceedings in the barge-mounted power plant case, reports UNB.Upon a petition filed by Sheikh Hasina Sunday, Judge...
CARACAS, June 9 (AFP): Venezuelan President Hugo Chavez has urged Colombia's Marxist rebels to free all their hostages, arguing that the time had come to wind up their decades-old guerrilla insurgency. I believe that the time has come for the...
Robin Kwong | 2008-06-10 00:00:00
FT Syndication ServiceHONG KONG: Bank of East Asia has become the first foreign bank to issue renminbi-denominated debit cards in mainland China, taking advantage of the recent removal of a key restriction on foreign banks' retail business in the country.Hong...
FE Report | 2008-06-10 00:00:00
Bangladesh Bank Governor Salehuddin Ahmed requested the media channels to make best use of these products as part of their corporate social responsibility (CSR).Dr Salehuddin Ahmed made the appeal while speaking as the chief guest in the launching ceremony of...
FE Report | 2008-06-10 00:00:00
Dhaka stocks tumbled Monday due to panic selling spree triggered by rumours that the securities regulator would take steps to cool down the overheated market.The possibility of the Securities and Exchange Commission taking action created the impact at the very...
FE Report | 2008-06-10 00:00:00
The government in its budget for fiscal 2008-09 has proposed to double the SME Endowment Fund to Tk 2.0 billion in the next fiscal year from existing Tk 1.0 billion aiming to promote small and medium enterprises across the country."In...
NEW DELHI, (Internet): Despite rising global crude prices and soaring inflation, the Indian economy will expand by 8.5 per cent in the current fiscal, Finance Minister P Chidamabaram said here Monday."Every estimate says that the economy will still grow at...
FE Report | 2008-06-10 00:00:00
NCC Bank Ltd financed Tk 160 million (16 crore) to North South Spinning Mills Ltd which is situated at Basundia in Jessore.NCC Bank Chairman Tofazzal Hossain formally inaugurated the production of the industry as chief guest recently.Managing Director Md Nurul...
After crushing Bangladesh by 70 runs in the inaugural match, Pakistan meet archrivals India in the 2nd day/night encounter of the Kitply Cup at the Mirpur Shere-e-Bangla National Stadium (SBNS) Tuesday at 3 pm, reports UNB.This will be the 114th...
A special court Monday summarily rejected the bail petition filed by BNP senior joint secretary general and ex-Prime Minister (PM) Khaleda Zia's eldest son Tarique Rahman in the Tk 210 million (21 crore) bribery case, reports UNB.The court of judge...
Abul Quasem Haider | 2008-06-10 00:00:00
FINANCE and Planning Adviser Dr. A.B. Mirza Md. Azizul Islam and National Board of Revenue (NBR) Chairman Abdul Majid have been having pre-budget discussions for the last few months. Every year such discussions are held to take the advice of...
SINGAPORE, June 9 (AFP): Emerging economies such as China and India are growing faster than the rest of the world but still lack the firepower to offset weaker growth in the US and European Union, Fitch Ratings said today.The main...
TOKYO, June 9 (AFP): The dollar rebounded slightly in Asian trade today after plunging at the end of last week on news of a jump in the US unemployment rate, dealers said.The dollar firmed to 105.33 yen in late Tokyo...
FE Report | 2008-06-10 00:00:00
Prices of a number of items might change due to fiscal measures proposed in the new budget for 2008-09, beginning July 1.The prices of powdered milk, handicraft items, fish and poultry feed, MS rod, 1500 to 1800 cc microbus, reconditioned...
KUALA LUMPUR, June 9 (AFP): Malaysian state energy firm Petronas said today that subsidies which cause excessive consumption and distort markets must be removed.Amid the fallout from a 41 per cent fuel price hike in Malaysia last week, Petronas president...
The government has included eight new areas for tax holiday although it admitted that availing the tax holiday is not the only factor the entrepreneurs consider while setting up industries, reports UNB.The newly included areas for tax holiday proposed in...
ALGIERS, June 9 (AFP): A double bomb attack in the town of Lakhdaria, east of Algiers, killed 12 people, including several members of the security forces, a French engineer and his driver, security sources said Sunday.The car carrying the engineer...
THE Centre for Policy Dialogue (CPD), known in the country as a private think-tank, recently came up with some figures relating to the poverty situation. We are shocked to hear that during the 15-month period from January 2007 to March...
Aiming to accelerate the development of the domestic industries in a bigger way, the caretaker government restructured the duty structure into a four-tier system of levying duties instead of the existing three-tier one, with further cutbacks on rates for capital...
FE Report | 2008-06-10 00:00:00
HSBC Bangladesh has observed the World Environment Day by undertaking a number of activities to raise awareness of environmental issues.Staff of the HSBC Bangladesh planted over 1000 trees at the Osmani Udayan in the city to mark the day.All HSBC...
Former champions Bangladesh made early exist from the 5th SAFF Championship losing to hosts Sri Lanka by 0-1 goal in their do-or-die last Group B engagement at the Sugathadasa Stadium in Colombo Sunday, reports UNB.With the day's feat, Sri Lanka...
AOMORI, Japan, June 9 (AFP): Top economic powers have declared that the world is entering a new era of nuclear energy amid rising concerns over high oil prices and global warming, but Germany stood firmly as an exception.The Group of...
John Thornhill | 2008-06-09 00:00:00
FT Syndication ServicePARIS: The head of China's $200bn sovereign wealth fund said last week the fund was trying hard to adapt to international demands for greater transparency even though this was contrary to the country's ancient historical traditions."Our government has...
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