The price of edible oil would be adjusted fortnightly with the international price, a meeting at the Commerce Ministry decided Wednesday, reports UNB."The refiners will adjust the price in consultation with the government (Commerce Ministry)," Bangladesh Vegetable Oil Importers and...
FE ReportDhaka stock prices remained steady Wednesday amid continued decline in turnover, making the trading of the prime bourse dull for the last several days.Dominated by gainers, the total turnover continued to come down one week low at Tk 1.91...
Sheikh Hasina did not appear Wednesday as scheduled before the Special Judges' Court set up on the Jatiya Sangsad Bhaban premises, reports bdnews24.com. The former prime minister reportedly remained unwell after falling sick the previous day. Judge Md Firoz Alam...
The manager of a residential hotel was stabbed to death, and two others were injured in a fierce attack by their one ex-colleague, following past enmity on Wednesday morning, reports UNB.The victim was identified as Sohrab (32), manager of Al-Shyama...
Siddique Islam The Bangladesh Bank (BB) is going to take a fresh move aiming to reduce the spread between lending and deposit interest rates in commercial banks and help boost business activities. As part of the initiative, the central bank...
Outspoken BNP leader ASM Hannan Shah was again arrested Wednesday night from his Mahakhali New DOHS house in connection with an extortion case.The case was filed with Kapasia police station in 2006.His son Reza told UNB that police arrested him...
Bangladesh Power Development Board has approved a proposal by an Indian energy firm to install a 150 megawatt power plant, a senior official said Wednesday. "The proposal will now be sent to government purchase committee to take final decision," said...
The government has waived pre-shipment inspection (PSI) for import of poultry feed raw materials considering heavy loss of chickens in bird flu. National Board of Revenue (NBR) that recommended the measure is likely to issue an SRO next week withdrawing...
Doulot Akter MalaThe two-member International Finance Corporation (IFC) team has suggested widening of the tax net, enhancing tax base and simplifying tax return format in order to encourage taxpayers to pay their taxes.The government should make it easier for the...
M Azizur RahmanThe government has ruled out any increase of fuel prices until the end of the current 'Boro' paddy season in April despite soaring losses by the lone state-owned oil importer."We have no plan to increase oil prices before...
Syed Ishtiaque Reza Panpacific Sonargaon Hotel is going to get a new look soon after years of struggle with the Orion Group that threw it into complete mess. The country's premier five star hotel, owned by the government's Hotel International...
Bangladesh has made a package of proposals to Myanmar including import of 300,000 tonnes of rice, buying gas, delimiting maritime boundary, repatriation of Rohingya refugees and easing the visa regime during a bilateral consultation in Yangon, reports UNB.The 3rd Foreign...
FE ReportPrices of locally-produced cotton yarn have increased by 20-22 per cent over the past one month in the local market as compared to the Indian market, posing threat to a projected robust growth of local knitwear exports, said Bangladesh...
FE ReportConstruction of the multi-story City Centre, a project involving Tk 1.0 billion at Motijheel in the city, will be completed by the end of this year. "Nearly 80 per cent construction work of the 37-story modern structure has already...
Mahmuda ShaolinLovers planning to celebrate the Valentine's Day today (Thursday) will have to dig deep in their pockets this year, as an untimely rain in the winter has hit the flower production across the country, traders said Wednesday.Traders in the...
Shakhawat Hossain The finance ministry Wednesday asked the central bank to pursue the commercial banks for introduction of uniform charges on various services offered to their clients, official sources said.A recent meeting, chaired by finance and planning adviser Mirza Azizul...
Pahela Falgun, the first day of the spring, was celebrated in the capital and elsewhere across the country Wednesday amidst fanfare and expressing love for Nature, reports UNB. Parks, campuses and places of entertainment were dominated by the yellow and...
WASHINGTON, Feb. 13 (Agencies): Barack Obama swept Hillary Clinton in three more primaries in the fight for the Democratic presidential nomination, giving him eight consecutive wins and a clear lead in the race for delegates. Obama's decisive victories yesterday in...
Raphael Minder, Amy Yee, Amy Kazmin, Tom Mitchell and Robin Kwong Ft Syndication ServiceAn expected downturn in US clothing demand is adding to the woes of Asian garment makers already struggling because of rising costs and stronger currencies. In China,...
The caretaker government decided to rename the nine villages and one union of seven Birsreshthas and three language martyrs for their heroic deeds and struggles in 1971 and 1952, reports UNBUnder the same plan, a library and memorial museum will...
FE Report The inter-bank call money rate dropped further Wednesday although the central bank withdrew cash through reverse repurchase agreement (repo). The US dollar, however, was steady in the inter-bank foreign exchange market, but rose in informal transactions, fund managers...
THE public sector development planning in Bangladesh has been marked by slow pace of project execution and consequent downsizing of the Annual Development Programmes (ADPs) at the fag end of every financial year. The resource constraints, at times, have forced...
Muhammad Zakiul IslamARE Independence and freedom synonymous? I think independence is an abstract perception, a conceptual orientation and a state of mind. And freedom is the manifest expression and functional application of that independent perception. We declared our independence on...
Simeon Kerr LIMITLESS and RDI Group of Moscow, its joint-venture partner, will develop a town for 14,000 residents near Moscow's Sheremetyevo airport. Imad Benharouga, director of corporate strategy, says Russia is one of the company's strategic markets, where it sees...
Mahbubur RahmanSMALL and medium Enterprises (SMEs) are specially suited for Bangladesh, a country with a vast workforce with a large number of them remaining unemployed or underemployed. Large industries, geared to achieve the economies of scale, in most cases, involve...
IT could be hard to find anyone who does not break traffic rules in the city. We are used to see people indulge in indiscipline on the city roads. Do we not feel the need to improve the situation? What...
A nine-member European Parliamentary Committee on Climate Change recently visited Bangladesh seeking the country's active engagement in a conference on this issue to be held in Denmark later this year. Bangladesh is most vulnerable to climate change. Yet it has...
Md Ziaul Haque KhondkerAmong the several shifts in the structure of global financial markets the most striking has been the emergence of the sovereign wealth funds, as they are called.The sovereign wealth funds (SWFs) are investment funds generated and controlled...
Maswood Alam KhanNoman sir, my most respected teacher, often emerges in my mind in a vivid picture when I clearly hear his low-pitched voice giving us an advice in one of our English classes in Dhaka College ages back: "Young...
WASHINGTON, Feb 12 (AP): At-risk borrowers with all types of mortgages, not just high-cost subprime loans, could be eligible for help under a new plan involving six big home lenders. The plan, called Project Lifeline, will be announced Tuesday by...
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