Dino MahtaniTHE industrialised countries' oil watchdog has admitted that it has been paying insufficient attention to supply bottlenecks as evidence mounts that oil is being discovered more slowly than once expected.To make amends, the International Energy Agency has started work...
AKM Shamshuddin THE Dhaka City Corporation ( DCC) is found deficient in providing essential services to citizens. From the routine task of garbage clearance to coordinating the activities of various utility agencies, the DCC is expected to play a vital...
THE two successive floods and the cyclonic storm Sidr, have led to a situation of drastic reduction of purchasing power among large sections of people. Even the poor people who have not been hit by the natural calamities, are hardly...
A committee formed by the government recommended an automatic readjustment of domestic oil prices with international market prices. But opting for this course could be fraught with great dangers for the macro economy. Budget deficit sought to be reduced by...
THE Dhaka Chamber of Commerce and Industry (DCCI) held a roundtable discussion recently. It was participated by speakers from the Consumer Association of Bangladesh (CAB) and others. The subject matter of the discussion was the draft form of a comprehensive...
Juliette Jowit and Bobin McKieBritish people are now convinced about the dangers of global warming but are either baffled about how to stop it or are ignoring the issue.Analysts say few people are taking action to deal with the threat...
Michael R. SesitIn this season of stock taking, the picture past and future for financial markets is far from pretty. The reason? Subprime If you didn't know what subprime meant at the start of the year, it was hard to...
Anil VarmaBOND funds doubled their holdings of Indian debt, Asia's best-performing investment-grade market in 2007, predicting currency gains will stop commodity prices from fueling inflation. Reserve Bank of India Governor Yaga Venugopal Reddy allowed the rupee to appreciate 12.3 percent...
Nicholas WattGordon Brown today issues a bleak assessment of the world economy as he braces Britain for a year of belt tightening in the wake of the credit crunch. In a strong warning, which sets the backdrop for a campaign...
The unemployment rate surged to 5 per cent in December as the economy added a meager 18,000 jobs, the smallest monthly increase in four years, the Labour Department reported Friday.Economists viewed the report as the most powerful indication to date...
New Delhi: Jet Airways Saturday became the first Indian private carrier to operate in the Gulf sector, launching four daily direct flights from India to Kuwait and Bahrain."People travelling in this sector can now expect better services with Jet Airways...
NEW YORK, Jan 5 (AP): With credit markets continuing their downward spiral, investors could see their dividends disappearing in 2008.Dividend cuts or suspensions will continue to pick up among financial services firms in 2008, said Howard Silverblatt, a senior index...
BEIJING, Jan 5 (AFP): China, which is facing serious environmental problems due to its booming economic growth, will next month launch its first nationwide survey to identify pollution sources, state media said today. The survey, to be completed in the...
MANILA, Jan 5 (AFP): The Asian Development Bank (ADB) is to lend and invest a total of 214 million dollars in China's airports, its first foray into the sector, the Manila-based financial institution announced today. The move is part of...
NEW YORK, Jan 5 (Reuters): The Chicago Sun-Times may lay off up to 35 unionised newsroom staffers in the next four weeks as it struggles to cut costs in the face of falling circulation and advertising revenue, a spokeswoman confirmed...
LONDON, Jan 5 (Thomson Financial): Copper retreated from its earlier highs midafternoon after US non-farm payrolls data came in weaker than expected, fuelling fears of a slowdown in the US economy that is feared could crimp demand for metals. According...
NEW YORK, Jan 05 (AFP): The dollar fell yesterday as a disappointing US payrolls survey highlighted soft economic conditions that boosts the risk of recession and further rate cuts by the Federal Reserve. At 2200 GMT, the euro edged higher...
LONDON, Jan 05 (AFP): Russia's state-owned gas giant Gazprom is eyeing a "mindboggling" stake in Nigeria's energy reserves in a bid to trump US, Chinese and Indian interests, the Financial Times in London said today. In a dispatch from Abuja...
KUALA LUMPUR, Jan 5 (AFP): Malaysia has slapped restrictions on cooking oil purchases after panic-buying triggered by rumors of price hikes caused severe shortages, reports said Saturday. From next week, customers will only be permitted to buy a maximum of...
TOKYO, Jan 05 (AFP): A Hong Kong sushi restaurant owner today paid a record 55,700 dollars for a massive bluefin tuna in the first auction of the year at the world's largest fish market in Tokyo, an official said. The...
FE ReportDistributors' meet of Nestle Bangladesh Ltd, Dhaka-South region was held at a city restaurant recently. In a day long programme, 2008 business plan was discussed and also the performance of 2007 business was evaluated. Senior Regional Sales Manager of...
MUMBAI, Jan 5 (Commodity Online): Following a drop in demand, prices of dal moong, masoor and arhar dropped in the range of Rs 50 to Rs 150 a quintal in the wholesale markets Friday.Marketmen said increased supply from producing regions...
Our CorrespondentCHITTAGONG, Jan 05: The conflict between Chittagong City Corporation (CCC) and Chittagong Port authority (CPA) over municipal taxes has not been settled even on expiry of long twelve years. CCC is claiming that municipal taxes worth Tk.400 million annually...
FE ReportPrime Bank Training Institute has organised a five-day international training on 'Islamic Banking Supervision, Basel-II and Capital Adequacy' at its head office in the city. Senior executives of six Islamic banks and nine other conventional banks having Islamic banking...
Summit Power Limited (SPL) has requested the Securities and Exchange Commission (SEC) to allow issuance of right shares after one of its directors, who was a loan defaulter, resigned from its board, reports UNB.Earlier, the SEC had expressed its inability...
FE Report Nokon Limited, a leading producer of agro foods and handicrafts, will export products to Italy, United Arab Emirates (UAE) and USA. The company will sign a sales agreement with the Obaid Al Suwadi Trading in Dubai today(Sunday), said...
Our CorrespondentNILPHAMARI, Jan 5: Alpha Agro Ltd has undertaken a huge project to produce breeder potato seeds, first of its kind by any private agro entrepreneur, in the country's northern region. According to sources, Alpha Agro Ltd has planted saplings...
Sarwar Zahan The US dollar was gainer against the Bangladesh taka (BDT) in the inter-bank foreign exchange market last week because of lower demand for the greenback, fund managers said. The demand for the dollar was lower due to decrease...
Our Correspondent CHITTAGONG Jan 5: Teknaf landport failed to reach its revenue earning target set for December last year.Earlier, the National Board of Revenue (NBR) set a target for realising revenue worth around Tk 79.04 million by Teknaf landport but...
FE Report Mercantile Bank Limited (MBL) has recently opened an ATM booth at its Agrabad Branch in Chittagong with a view to extending modern banking services to customers of the bank.MBL Managing Director Dewan Mujibur Rahman formally inaugurated the operation...
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