BANGLADESH Biman, the national airline and flag carrier of the country round the world, appears to be in dire straits to keep itself from sinking into a state of complete loss of viability. Biman's annual losses continue to hit record.The...
Maswood Alam KhanWHILE playing chess one must remember three golden rules: Foresight -- to look into futurity and consider the consequences that may attend an action; Circumspection -- to survey the whole chessboard, the scene of action, the relationship between...
Md. Anwarul KabirOn special days like our victory or independence day, repeated lamentations on erosion of the spirit of independence since the post-Mujib era, in fact, is a cliché. To the new generations, especially to many members of the post-liberation...
Philip StephensI heard a nice story the other day about Albert Einstein. One summer his students complained about their examination paper. The problems they had been asked to solve, they protested, were precisely the same as the ones he had...
TOKYO, Dec 30 (AFP): Never mind the US subprime loan crisis, the main cause of Japan's lacklustre economic performance this year is entirely self-inflicted, according to analysts. While investors are crying out for less red tape, efforts by Japan's government...
YANGON, Dec 30 (AFP): Myanmar's already battered economy is groaning under the weight of new sanctions following a crackdown on dissent, business leaders say, fuelling concerns that the hardships could spark more protests. The United States, the European Union and...
PHOENIX, Arizona, Dec 30 (AFP): New laws targeting employers who hire illegal immigrants take effect here on January 1, with experts predicting the move may cost the state's economy billions of dollars in lost income and taxes. The new laws...
SINGAPORE, Dec 30 (AFP): From banks to telephones, an airline to shopping malls, and semiconductors to airports, the reach of two state-linked investment firms from the city-state of Singapore extends around the world. The normally secretive Temasek Holdings and the...
LONDON, Dec 30 (Reuters): British Prime Minister Gordon Brown said today his 2008 priority would be dealing with the global credit crunch and steering a stable course through the financial turbulence. "The global credit problem that started in America is...
NEW YORK, Dec 30 (AP): Thousands of doormen, elevator operators and building cleaners who had threatened to walk off the job on New Year's Day resolved their contract dispute yesterday by agreeing to a new four-year contract.The $6.8-billion deal will...
NEW DELHI, Dec 30 (AFP): India's giant Tata Group plans to launch the world's cheapest car early in January while also looking set to drive off with two of the poshest marques-Ford's iconic Jaguar and Land Rover brands. Ratan Tata,...
HONG KONG, Dec 30 (AFP): Asian currencies ended the week higher against the dollar as the assassination of Pakistani opposition leader Benazir Bhutto added to concerns over the health of the US economy. JAPANESE YEN: The Japanese currency shot up...
MADRID, Dec 30 (AFP): With sales slumping, prices faltering and property developers despondent, Spain's housing market evidently failed to get the soft landing in 2007 that the government and experts had predicted at the start of year. Some experts are...
The state-owned sugar mills are likely to surpass the target of sugar production during the current sugarcane-crushing season (2007-08), reports UNB.The mills under Bangladesh Sugar and Food Industries Corporation (BSFIC) produced 49,231 tonnes of sugar till December 29, 2007 against...
FE ReportThe Association of Bankers Bangladesh Limited arranged a reception in honour of the Minister of Manpower of Oman, Juma Bin Ali Bin Juma, at a city hotel recently. It was presided over by Chairman of the association K Mahmood...
FE Report Hongkong and Shanghai Banking Corporation (HSBC) Limited in Bangladesh has recently launched its PowerVantage proposition offering attractive features to suit the needs of professionals, businessmen and service holders.The PowerVantage account, which is designed to ensure greater convenience, provides...
FE Report A five-day single-country Bangladesh trade fair will start March 12 next in Riyadh for promotion of local export products to the Kingdom of Saudi Arabia (KSA). Saudi deputy commerce and industry minister is likely to inaugurate the fair....
FE Report Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Administrator Syed Manzur Elahi stressed the need for development of skills and expertise of the trainers for the benefit of the country. The FBCCI administrator made the observation while...
FE ReportNational Credit and Commerce Bank Limited (NCCBL) inaugurated its 53rd branch at Savar Sunday. Chairman of the bank Tofazzal Hossain formally inaugurated the branch as the chief guest.Managing Director of the bank Md Nurul Amin presided over the function....
FE ReportThe 20th annual general meeting (AGM) of Kohinoor Chemical Company (BD) Ltd was held at Bangladesh China Friendship Conference Centre in the city Friday. Director of the company Md Ebadul Karim presided over the meeting.The audited accounts of 2006-2007...
FE ReportThe 12th monthly meeting of the executive committee of the Bangladesh Foreign Exchange Dealers' Association (BAFEDA) was held at the conference room of the association recently, sad a press release. BAFEDA Vice-Chairman and Sonali Bank Limited Managing Director S...
FE ReportA financing and programme agreement has been signed among the Economic Relations Division (ERD), IDCOL and KfW of Germany for implementation of the National Domestic Biogas and Manure Programme. Under this agreement, KfW will provide EUR 8.6 million to...
FE ReportThe government borrowed Tk 8.00 billion (800 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 8.00 billion from the market in the week.The central bank conducted auctions of 28-day, 91-day and 364-day bills...
FE ReportThe City Bank Limited conducted a relief programme for SIDR victims at Telikhali Union and Tushkhali Union under Barisal Division recently. The employees of the bank donated their one day's salary amounting to Tk 10,00,000 and an equal amount...
FE ReportMember of the council of the Institute of Chartered Accountants of Bangladesh (ICAB) Md Humayun Kabir has been elected president of the organisation for the year 2008.He was elected at a meeting of the Council of ICAB in the...
MUMBAI, Dec 30 (AFP): Indian share prices may edge up this week but gains could be capped by geopolitical tension after the assassination of Pakistan's former premier Benazir Bhutto, dealers said. They said fresh buying could emerge at lower levels...
FE ReportFrom now on Rahimafrooz instant power supply (IPS) and uninterrupted power supply (UPS) will be available at all Transcom outlets.In this connection, a Memorandum of Understanding (MoU) for channel partnerships' to market Rahimafrooz IPS, UPS through Transcom outlets was...
NEW YORK, Dec 30 (AFP): US stocks enter a new year this week on a cautious note, as investors face rising concerns about the economy and a raft of economic data, including the important monthly employment report. Wall Street rapidly...
FE ReportNajmul Huq and KR Hasan have been elected chairman and vice chairman respectively of the Bangladesh Jute Mills Association (BJMA) for the year 2008-2009.Najmul Huq is the managing director of Janata Jute Mills Limited, while KR Hasan is the...
DSE holiday todayThe trading of DSE will remain closed today (Monday) due to bank closing day. Islami Bank gets DSE registrationIslami Bank Bangladesh Limited (DSE Member No-107) has got new broker registration certificate No. Reg-3.1/DSE-107/2007/145 dated May 23, 2007 vide...
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