FE ReportInvestment Corporation of Bangladesh (ICB) has announced the Net Asset Value (NAV) of the certificates of its eight mutual funds on the basis of market prices.The NAV per certificate of First ICB Mutual Fund stood at Tk 3790.81, NAV...
FE ReportBangladesh Krishi Bank Deputy Managing Director Md Nurul Huda Chowdhury left Dhaka Monday for Girne, Cyprus to attend an international seminar. The seminar titled 'Entrepreneurship Development Through Technical Support of Bankers' scheduled to be held from March 19 to...
GENEVA, Mar 19 (AFP): Countries should resist new waves of economic protectionism as fears mount of a global recession, the head of the UN's trade and development agency urged yesterday. "You see the so-called neo-mercantilism, (or) economic patriotism" in various...
JACKSONVILLE, Fla, Mar 19 (Reuters): President George W Bush yesterday said he remains confident in the long-term health of the US economy despite facing what he called a "challenging time" of stresses and strains. Bush spoke at the Jacksonville port...
TOKYO, Mar 19 (Reuters): The Japanese central bank will be run by a temporary leader in the midst of a credit crisis, after parliament rejected Wednesday the government's latest nominee to replace the current governor when he retires in a...
PATUAKHALI, Mar 19 (UNB): The World Bank (WB) will provide Tk 7.0 billion (700 crore) for repairing country's flood-control cross-dams damaged by the cyclone 'Sidr' while Tk 3.0 billion for constructing shelter centres.WB Managing Director Ngozi Okonjo-Iweala disclosed the aid...
The Bangla service of the British Broadcasting Corporation (BBC) will be made available soon on FM radio in six more divisions and towns of Bangladesh in addition to the capital, reports UNB.The announcement of the expansion was made Wednesday at...
The baby food producing firm Fasska SA is packaging baby food produced in Belgium through its partner organisation Vitalac Dairy and Food Industries Ltd in Bangladesh, according to a press release.Products packed in 400 and 200gram bags in boxes are...
FE ReportThe cafeteria project, established by Korea Overseas Volunteer (KOV), was opened at Raicho village in Comilla district recently.Korean Ambassador in Bangladesh Park Suk Bum and Bangladesh Academy for Rural Development (BARD) Director General M Khairul Kabir jointly inaugurated the...
FE ReportKhanqueh-e-Shaheed (Quddesa Sirrahul Aziz) Mia Saheb Maidan Khanqueh Sharif, situated at 56-57, Mia Saheb's Maidan Avenue (Old Municipal Street, Luxmibazar), Dhaka, will hold religious discussion, Hamd and Nat-e-Rasul (Sm), milad and doa mahfil marking the holy Eid-e-Miladunnabi (Sm) after...
The news item published on March 17, in the FE under the headline 'draft economic zone policy awaits final review by CAO', the number of employment generated in BSCIC estates was erroneously mentioned 96,000. The Bangladesh Small and Cottage Industries...
FE Report Bangladesh needs more support from the international community, including oil-rich countries, to cope with the sharp global rise in prices of food and energy, the head of the United Nations Development Agency (UNDP) said Tuesday. "The real issue...
Shahiduzzman KhanThe non-government organisations (NGOs) are not doing justice to micro-credit operations. As envisioned by its founder, Nobel Laureate Mohammad Yunus, micro-credit was designed to help the ultra-poor come out of poverty trap and get self-employed with dignity. But the...
FE ReportFinance Adviser Mirza Azizul Islam Wednesday stated that the government might consider lowering the rate of tax on legally-earned undisclosed money, asserting at the same time that it would under no circumstances give any scope for whitening of black...
M Azizur RahmanGlobal heavyweights have lined up to join the hunt for oil and gas in the Bay of Bengal as they bought documents to formally announce their interest for the offshore bidding, officials said Wednesday. Chevron and Conoco Philips...
FE Report The World Bank will lobby the Indian government for the export of 0.4 million tonnes of rice to Bangladesh to help Dhaka cope with food crisis, a top official said Wednesday. "We hope to go to New Delhi...
FE ReportThe small and medium enterprise (SME) sector should enjoy a lower tax rate and tax slab to help the sector grow on a sustained basis in the competitive market, said SME Foundation chairman Abdul Muyeed Chowdhury.He stressed the need...
FE Report Showcase Malaysia-2008, an exclusive Malaysian trade fair begins today (Thursday) in the city aiming to strengthen the bilateral trade relations between Dhaka and Kuala Lumpur.The three-day trade fair is being arranged by Bangladesh-Malaysia Chamber of Commerce & Industry...
John Burton FT Syndication Service KUALA LUMPUR: Abdullah Badawi, the prime minister of Malaysia, announced a big shake-up in his cabinet Tuesday as he sought to shore up support in the wake of the government's biggest election setback in 50...
FE Report Annisul Huq was unanimously elected Wednesday president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) by the board of directors for the 2007-09 term. Annis, who replaces Mir Nasir Hossain, is the 19th FBCCI president....
FE ReportDhaka stocks closed higher for the second straight sessions Wednesday, led by mutual funds and pharmaceuticals issues, amid significant rise in turnover.Stock prices of the majority shares of lowly rated Z-category companies also continued their rally.Trading began with cheerful...
FE Report With a view to helping the bird flu- stricken poultry sector, the central bank issued Wednesday a circular requesting the banks and financial institutions to take a soft approach towards poultry farms as far as recovery and sanction...
A Dhaka court Wednesday sentenced Islami Oikyo Jote leader Mufti Shahidul Islam to 10 years rigorous imprisonment (RI) on charges of amassing illegal wealth. Judge Md Sirajul Islam of Special Judge's Court-7 on the Sangsad Bhaban premises, also fined Shahidul...
The government Wednesday granted the Sector Commanders' Forum (SCF) permission to hold its March 21 convention to drum up support for the trial of the alleged war-criminals of 1971. The police emphasised that the convention must be peaceful, and the...
President of Chevron Bangladesh Steve Wilson Wednesday said his company has already completed 40 per cent work on the 3D seismic survey in Moulvibazar gasfield. He said the survey work began in January, and will be completed by June next....
FE ReportThe Bangladesh Telecommunication Regulatory Commission (BTRC) will start issuing licences to telephone-based call centres in the country from next month. This was announced by the BTRC at a crowded public hearing in the city Wednesday. Individuals and Information Technology...
British Prime Minister Gordon Brown has stressed smooth transition of power to an elected government promptly following elections in Bangladesh, reports UNB.Brown made the remarks during a meeting with Chief Adviser Dr Fakhruddin Ahmed at 10 Downing Street in London...
Mahmuda ShaolinPostal department said Tuesday it has started negotiations with American financial giant Citibank NA to deliver its remittances and make collection on its behalf through thousands of post offices across the country. The department began the talks with Citibank...
Shakhawat Hossain The caretaker government is expected to fix nearly 20 per cent higher revenue generation target for the national board of revenue (NBR) in the next fiscal following healthy tax growth in the current fiscal, officials said Wednesday. The...
LOS BANOS (Philippines), Mar 19 (AFP): As the price of rice hovers near record levels, many poor countries face the spectre of riots by hungry people, according to one of the world's leading rice experts. Key producers India and Vietnam...
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