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...
RAJSHAHI, Dec 29 (BSS): The authorities concerned, particularly the farmers, are making their utmost efforts to attain the Boro farming target in the districts under Rajshahi division. Concerned sources said the Department of Agricultural Extension (DAE) has fixed a target...
FE ReportBangladesh Steel Re-rolling Mills Ltd (BSRM) has organised a workshop at a restaurant at Brahmanbaria recently, said a press release. The main topics of discussion at the workshop were the procedure of using rods in construction and the way...
The State Council Information Office published Wednesday a white paper entitled China's Energy Conditions and Policies, reports Xinhua. The document, composed of eight chapters, points out that China, as an irreplaceable component of the world energy market, plays an increasingly...
FE ReportThe twelfth annual general meeting (AGM) of Anlima Yarn Dyeing Ltd was held on its factory premises at Karnapara in Savar Saturday. The company has entered the eleventh year of its commercial operation. Chairman and Managing Director of the...
JAKARTA, Dec 29 (Xinhua): The Indonesian government may limit the number of licenses issued to incoming cellular operators, citing fierce competition in the industry that has led to "panic and excessive marketing efforts," local press said today. The government said...
NEW YORK, Dec 27 (AFP): The euro crossed 1.47 dollars yesterday amid persistent speculation that poor US economic data could force the Federal Reserve to cut interest rates in 2008, dealers said. The greenback was also under pressure as traders...
WASHINGTON, Dec 29 (AFP): The dollar is losing ground as the currency of choice in the world's foreign exchange reserves, the International Monetary Fund said yesterday. The dollar's share of forex reserves was 63.8 percent in the third quarter, compared...
Speakers at a seminar held in the city Saturday laid emphasis on easy access to finance for the growth of agro-based small and medium enterprises (SMEs) to further develop the country's agriculture sector, GDP's largest contributor, reports BSS.They also underscored...
FE Report Prime Bank Limited (PBL) recently opened its 61st branch at Bashundhara in the city.PBL Board of Directors Chairman Azam J Chowdhury inaugurated the branch as the chief guest. Chaired by PBL Managing Director M Shahjahan Bhuiyan, the opening...
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