Frank Partnoy Last Thursday night, when Steve Ballmer, chief executive officer of Microsoft, signed a letter announcing its proposal to acquire Yahoo, he probably knew the markets would punish his company's shares. When bold acquisitions are announced, the acquirer's shares...
Syed Shamsul AlamWHILE economic gains may be sufficient in themselves "assuming a reasonably fair distribution of those gains" to improve conditions in health and education, the opposite tends to happen with transport. Market economies support transport investments and infrastructure that...
Mahmuda BegumThere are one-fifth population in the world living in South Asian region. Poverty is one of the main problem in this region. Most of them earn in here less than a dollar a day. Several studies have shown that...
Mohammad Shahidul IslamGROWING popularity of cricket in Bangladesh can reshape its tourism and hospitality industry. Cricket and style go together. So should the cricket fans and their tours. That cricket boosts tourism can be seen from the instances of the...
Mohammed Ashraf HossainRAPID economic development is a must for generating employment opportunities for a maximum number of the country's existing unemployed or underemployed workforce. This development results from expanded activities in areas of trade, commerce and industry. All production-oriented activities...
FE ReportPrices of some essential commodities including edible oil and sugar have marked rise again while prices of rice and flour remained almost unchanged at the retail shops in city markets during the last one week, market operators said.In the...
FE ReportHong Kong-based Chinese investors will set up two textile industries at the Dhaka Export Processing Zone with an investment of US$ 105 million.The one hundred per cent foreign owned companies, Goldex Limited and Queen South Textile Mills Limited, will...
FE ReportBRAC Bank Limited has officially inaugurated its Dohar branch in Dhaka district recently. BRAC Bank Director Muhammad A (Rumee) Ali formally inaugurated the branch.Deputy Managing Director and CEO Kaiser Tamiz Amin, Head of Retail Banking Zabed Amin, Head of...
Sarwar ZahanThe inter-bank call money rate eased last week because of improvement in liquidity position that evidently neutralised withdrawal of cash from the market through auctions of reverse repurchase agreement (repo) and treasury bills, fund managers said.The market experienced pressure...
FE ReportThe Investment Corporation of Bangladesh (ICB) has declared Net Asset Value (NAV) of its two unit funds and re-fixed their sale and repurchase prices.The total Net Asset Value (NAV) of ICB AMCL Unit Fund stood at Tk 60,85,29,663.60 on...
Commercial Bank of CeylonFebruary 10 - February 14, 2008US dollar lost its value against Bangladesh taka as the local foreign exchange market was provided with remarkable support of USD 25 million last Tuesday to facilitate essential commodity payments. Last week's...
FE ReportTwo new Singer Plus shops were formally inaugurated at Senbagh in Noakhali and Chhagalnaiya in Feni recently. Singer Bangladesh Ltd Marketing Director Sajidur Rahman Khan formally opened the 236th and 237th Singer Plus shops at Senbagh and Chhagalnaiya respectively....
DEKALB, Illinois, Feb 15 (AP): A former student dressed in black walked onto the stage of a lecture hall at Northern Illinois University and opened fire on a packed science class Thursday, killing five students, wounding 16 and setting off...
WASHINGTON, Feb 15 (AP): With a deadline looming, President Bush and congressional Democrats are locked in a standoff over the government's authority to spy on foreign phone calls and e-mails that pass through the United States (US). A temporary law...
ISLAMABAD, Feb 15 (AFP): Pakistanis vote Monday in elections that are expected to further destabilise the nuclear- armed nation and determine the future of President Pervez Musharraf, a key ally in the US-led 'war on terror'. The parliamentary poll has...
NEW DELHI, Feb 15 (AFP): India, which recently staged its first military exercises with China, is ready to carry out naval manoeuvres with arch-rival Pakistan, the navy chief has said. Admiral Sureesh Mehta made the offer late Thursday on the...
WASHINGTON, Feb 15 (AFP): Hillary Clinton got a badly needed piece of good news Thursday with word she had won last week's New Mexico Democratic presidential caucus over her surging rival Barack Obama. Clinton received 73,105 votes while Obama had...
You have to give it to Adam Gilchrist - he does have some sense of timing. In his last innings at the WACA, with Australia under a little bit of pressure half-way through the final edition of the CB Series,...
England's chastised cricketers demonstrated a new-found resolve in the third ODI against New Zealand at Auckland, and hauled themselves back into contention in the series with a hard-earned but ultimately comfortable six-wicket victory, according to website cricinfo. After winning the...
Prior to Bangladesh's home series on February 22, South Africa skipper Graeme Smith Friday said they are not taking Bangladesh lightly although the visitors are theoretically strong in papers, reports UNB. "Bangladesh team comprised some talented players, whose abilities are...
Dipali Jubo Sangha played to a goalless draw with Mohakhali Ekadosh in the day's lone match of the Metropolis Senior Division Football League at the Bir Shreshtho Shaheed Sepoy Mohammad Mostafa Kamal Stadium at Kamalapur Friday, reports UNB.Both the teams...
PARIS, FEB 15 (AP): An operation to repair a ruptured tendon in Ronaldo's left knee "went well," and the Milan striker will be sidelined for about nine months, a French surgeon was quoted Friday as saying in sports newspaper L'Equipe.
RAJSHAHI, Feb 15 (BSS): Artificial insemination of cows is gaining popularity in the northern region following significant achievement in improving the breeding system.Regional Artificial Insemination Centre has been playing a vital role in making the programme popular among the people...
FE Report About 435 working people were killed and 1176 injured in different types of occupational accidents and violent occurrences in the year 2007, according to a survey report of the Bangladesh Institute of Labour Studies (BILS).BILS Thursday released the...
PABNA, Feb 15 (UNB): Rapid Action Battalion recovered illegal Cobra venom worth about Tk 300 million from Bonwarinagar in Faridpur Upazila Thursday and arrested four people in this connection.Acting on a tip-off, a team of RAB 12, in the guise...
FE ReportShah Mohammad Muhtasim Billah of Janakantha and Md Al Mamoon of Ittefaque have been elected president and secretary respectively of the Dhaka Sub-Editors Council (DSEC) at an election held at the Jatiya Press Club auditorium Thursday.Other office bearers of...
The moot question today is when and how the 12-month-old state of emergency will be lifted to pave the way for the promised elections to parliament, reports UNB. Whisperings are also having their rounds whether the promised polls will be...
Detained BNP chairperson Khaleda Zia's categorical support Thursday for her appointed secretary general Khondoker Delwar Hossain seemingly had a gusty impact on pro-reformist BNP led by former Finance Minister M Saifur Rahman, reports UNB.Khaleda, through her counsels, conveyed a message...
LAXMIPUR, Feb 15 (UNB): The Anti-corruption Commission (ACC) has filed a corruption case against former state minister Ziaul Huq Zia and four others with Ramganj thana. Assistant Director of ACC Dhaka Office Monjurul Alam filed the case Thursday night for...
A six-member election monitoring team led by JANIPOP (National Election Observation Council) chairman Prof Dr Nazmul Ahsan Kalimullah left for Pakistan Friday to observe the general election being held there on February 18, 2008, said a press release.The other members...
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