NAUDERO, Dec 30 (Agencies): Slain Pakistani opposition leader Benazir Bhutto's son Bilawal Sunday was named chairman of her party, with her husband named co-chairman, two top party officials said. Meanwhile, Pakistan's ruling party said that Jan. 8 elections may be...
FE Report The holding of a high-profile, biennial meeting meant to assess the implementation of the Poverty Reduction Strategy (PRS) has become uncertain as the country's major donors appear indifferent to such stocktaking. Officials at the Economic Relations Division (ERD)...
FE ReportThe government might discontinue deduction of 5.0 per cent income tax from export subsidy from the next fiscal year."The revenue authority will consider withdrawing the provision from the next fiscal budget," said National Board of Revenue (NBR) Chairman Muhammad...
The Council of Advisers of the caretaker government (CG) Sunday discussed elaborately the draft of a new law styled Anti-terrorism Ordinance 2007, meant for effectively dealing with acts of terrorism, reports UNB. After the scrutiny, the council asked the ministry...
Latifur Rahman has been re-elected as the President of Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) for 2008. The MCCI members re-elected him at its annual general meeting (AGM) held Sunday, according to a press release.A leading entrepreneur, Rahman...
FE ReportThe country is set to undergo load shedding of electricity between 300 megawatts (MW) and 650 MW daily in the coming irrigation season starting from mid-January next."Electricity demand will increase by around 1,000 MW each day for running irrigation...
Bangladesh is on a rocky path. The economy went through a string of stresses through 2007 and the makeshift government composed of technocrats and backed by the army, struggled to keep up the pace of growth, reports bdnews24.com. Soaring prices...
Raihan M ChowdhuryThe year 2007 that ends today (Monday) was the most eventful one for the country's stock market since the 1996 'bubble burst'.The market picked up steam following the changeover of the January 11 last.The market capitalisation and benchmark...
FE ReportStock prices, led by blue chip issues including banks, pharmaceuticals and power, rose Sunday, the last trading day of the year, due mainly to institutional support.All the market barometers -- DSE General Index (DGEN), All Share Price Index (DSI)...
The caretaker government extended up to February 28 the time for all public servants to submit their wealth statements. An official announcement Sunday said, "This time limit would be applicable for this year only." The government decided to extend the...
Transactions at Bangladesh Bank and all scheduled banks will remain closed today (Monday) due to bank closing day. Trading of Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) will also remain closed on the day. — UNB
An egg trader was stabbed to death by muggers at Chowdhury Para in the city's Malibagh area Sunday morning. The dead was identified as Jahangir Alam (38). Police said muggers, numbering about 6 to 7, waylaid Jahangir in front of...
FE Report The state-owned banks and financial institutions have been facing tough competition from both the local private and foreign commercial banks as their market shares have been falling.The market share of nationalised commercial banks (NCBs), now turned into public...
India in a surprised move has raised the export price of rice to Bangladesh to $500 per tonne, equivalent to Tk 35 per kg, rendering the import from the neighbouring country uncertain, reports UNB.An Indian Commerce Ministry notification, that came...
Naim-Ul-KarimThe government will introduce European Union (EU) compliant Generalised System of Preferences (GSP) certificate from the beginning of 2008 tomorrow to prevent fraud and forgeries in use of the same.Sources said the government planned to introduce the fully EU-compliant GSP...
FE Report The steady dollar-taka exchange rate throughout 2007 could not fully insulate importers of capital machinery as US dollar plunged against most major currencies in the international market, the Standard Chartered Bank (SCB) said. "Overall Euro had appreciated around...
FE ReportThe National Board of Revenue (NBR) has launched a drive to collect value added tax (VAT) from leading producers of sweetmeat instead of retailers.The VAT officials of the board recently visited 10 sweetmeat factories in the city including BonoPhul,...
After a four-day recess, the indictment hearing against detained former premier and Awami League chief Sheikh Hasina and two others in a Tk 29.9-million extortion case resumes today (Monday) at the relocated Dhaka Metropolitan Sessions Judge's Court, reports UNB.The case...
FE Report The ministry of industry will hold a meeting today (Monday) to devise ways to off-load a part of the government shares in the Unilever Bangladesh Limited, sources said.It has to find out an appropriate formula to off-load some...
Detained former Prime Minister Khaleda Zia, former Law Minister Barrister Moudud Ahmed and former State Minister for Energy and Mineral Resources AKM Mosharraf Hossain have been shown arrested in connection with Niko graft case, reports UNB.Following an application from ACC...
Jasim Uddin Haroon Bangladesh for the first time is going to set up a calibration and reference laboratory in Dhaka mainly to help ensure quality of goods meant for both domestic and export markets and accurate measurements by diagnostic centres....
FE ReportThe inter-bank call money rate eased Sunday returning to pre-Eid level despite withdrawal of cash through treasury bills.The rate rose to day's high at 10.50 per cent against the previous day's peak of 12.00 per cent, fund managers said.The...
Nepal appoints five former communist rebels as ministersKATMANDU, DEC 30 (AP): Nepal's government appointed five former communist rebels as ministers following an agreement to end the Himalayan nation's political crisis, three months after the ex-guerrillas walked out of a ruling...
WASHINGTON, Dec 29 (Reuters): Nasdaq said it erred in releasing a statement earlier yesterday that said the US government had cleared a deal giving Dubai's state-owned stock exchange a minority stake in Nasdaq. "A Nasdaq press release regarding the Committee...
WASHINGTON, Dec 29 (Reuters): Sales of new US homes fell in November to the lowest rate since 1995, but business activity perked up this month, according to reports yesterday that showed pockets of strength in the economy despite a housing...
UNITED NATIONS, Dec 29 (Reuters): The United Nations yesterday declared Nepal the first non-African country eligible to receive money from a peace-building fund set up a year ago to help countries emerging from conflict. The Himalayan state last year ended...
BERLIN, Dec. 29 (Xinhua): The consumer price index for Germany is expected to rise 2.2 per cent on an annual average in 2007, German Federal Statistical Office said yesterday. This is the first time for Germany to see over 2...
RIO DE JANEIRO, Dec. 29 (Xinhua): Brazilian President Luiz Inacio Lula da Silva praised his country's economic growth in 2007 in a television speech. In his last official speech of this year on national television, Lula hailed the economic achievements...
FE ReportAkij Food and Beverage Ltd. (AFBL) launched two new carbonated soft drinks "CLEMON" and "FARM FRESH" UHT pure milk products in the market.AFBL has successfully come up with a variety of its products like carbonated soft drinks MOJO, LEMU,...
LONDON, Dec 29 (AFP): Oil prices surged towards 100 dollars per barrel this week after Pakistani opposition leader Benazir Bhutto was killed by a suicide bomber. On Friday, geopolitical jitters and weak US energy stockpiles drove New York crude to...
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