FE ReportSecurities and Exchange Commission (SEC) Chairman Faruq Ahmad Siddiqi Wednesday said the scenario of the country's stock market will be changed with the entry of big companies by the next couple of years."It is very encouraging that investors' confidence...
FE Report An official review meeting Wednesday decided to divest a portion of government-held share in the IFIC Bank through the share market by next one month.The government has 35 per cent share in the International Finance Investment and Commerce...
FE ReportThe United Kingdom is reviewing Bangladesh's appeal for food aid by March next to help the cyclone Sidr-affected people overcome food insecurity.In a meeting with the country's donor groups Tuesday, Bangladesh sought delivery of 500,000 tonnes of food aid...
As part of reconstruction plans, the US has a plan under a longer-term engagement to construct more cyclone centres in the coastal areas of Bangladesh that are routinely ravaged by natural disaster, reports UNB.US Agency for International Development (USAID) Mission...
WASHINGTON, Nov 28 (Agencies): US Secretary of State Condoleezza Rice is pledging urgent follow-up work to Tuesday's Israeli-Palestinian agreement in Annapolis, Maryland to resume final-status peace negotiations after a seven-year interruption. President Bush meets Israeli Prime Minister Ehud Olmert and...
A Dhaka court Wednesday sentenced former AL lawmaker Md Rafiqul Anwar to 10 years in prison for illegal possession of firearms, whereas another special court sentenced former BNP lawmaker Rashiduzzaman Millat to six years for tax-dodge, reports bdnews24.com. Judge Matiar...
FE Report The use of any third currency in the foreign exchange market has been stopped following the order of the Bangladesh Bank (BB) to avoid such deals. "There was no deal in the market Wednesday using a third currency...
FE Report The Hongkong and Shanghai Banking Corporation (HSBC) has taken a three-phase initiative for rehabilitation of the Cyclone Sidr-affected people in coastal districts.This was disclosed by HSBC Bangladesh Chief Executive Officer (CEO) Steve Banner at a press conference held...
The Head of the Delegation of the European Commission (EC), Ambassador Dr Stefan Frowein, assured Bangladesh Wednesday of cooperation in overcoming any possible food deficit in March next due to the cyclone 'Sidr', which cut a swathe through standing crops...
FE ReportThe Bangladeshi migrants and overseas workers from now will be entitled to carry 50 per cent of the 'annual travellers quota' of $3000 or its equivalent in foreign currency during their departure from the country.This means Bangladeshi nationals travelling...
Eight of the 12 corruption suspects, who were earlier issued notices to submit their wealth statements within seven working days, have applied to the Commission seeking extension of time by another seven working days, reports UNB.According to the Anti-Corruption Commission...
RAWALPINDI, Nov 28 (Agencies): An emotional Pervez Musharraf stepped down as Pakistan's military commander Wednesday, a key step in his plan to continue as a civilian president and defuse a dangerous political crisis.Musharraf relinquished his post at a change of...
FE ReportThe Securities and Exchange Commission (SEC) Tuesday allowed the Trust Bank to operate merchant banking activities and revised some rules relating to custodial services and portfolio management of merchant banks.The stock market regulatory watchdog at its regular meeting also...
Raphael Minder, FT Syndication ServiceHONG KONG: Asian sovereign wealth funds (SWFs) should free themselves of government interference and become more transparent to counter growing western concerns over their buying clout, according to a report to be published on Tuesday from...
Two suspected JMB activists arrested from a mess at Mohammadpur in the city Tuesday were taken on five-day police remand when produced before the CMM's court. Maulana Monir Hossain Firoz (35) and Maulana Idris Ali (30) in police custody were...
The government has announced a 'citizens charter' for travel agencies, aiming to reduce harassment of the people. As per the charter, announced by the Civil Aviation and Tourism Ministry, the travel agencies will have to take licences to operate their...
FE Report The Bangladesh Bank (BB) has advised the commercial banks to provide loans at low rate of interest to the affected people recuperating from their losses sustained by the cyclone Sidr. The advice was given at a bankers' meeting...
M Azizur RahmanThe Power Division has given priority to installation of three big independent power plants (IPPs), each with 450 megawatt (MW) generation capacity, considering the availability of gas in their project sites, sources said.The present government has decided to...
Naim-Ul-KarimA high-powered government committee meets next week to review the status of exports in the post-SIDR period and evaluate the performances of the commercial wings abroad."We will discuss the entire gamut of the country's exports which already showed a sluggish...
SHARONKHOLA (Bagerhat), Nov 27 (UNB): Chief Adviser Dr Fakhruddin Ahmed here Tuesday assured the cyclone-affected people that the present government would carry out relief and rehabilitation work as long as it is needed.The government has taken all-out preparations for helping...
GAIBANDHA, Nov 27 (UNB): Twenty-five families are provided each with four milch cows, cow shed and bio-gas plant under a pilot project in monga prone areas of the district. Army chief Lt General Moeen U Ahmed who had conceived the...
FE ReportThe Power Division has sought Tk 70 million from the Finance Ministry to repair the damages of various power installations caused by cyclone 'Sidr' in the southwestern part of the country'."We have submitted the proposal this week seeking financial...
Jasim Uddin Haroon The Bangladesh Agricultural Development Corporation (BADC) finalised procedures relating to import of 75,000 tonnes of fertiliser to boost its supply during the Boro season. Of the 75,000 tonnes of fertiliser, the state-owned BADC has finalised import of...
WASHINGTON, Nov 27 (Agencies): After months of frantic diplomacy, high officials from more than 40 nations converged on this historic state capital Tuesday for what President George W. Bush hopes will be the start of the first Israeli-Palestinian peace talks...
RAWALPINDI, Nov 27 (Reuters): Pakistan's General Pervez Musharraf said farewell to military colleagues Tuesday as he prepared to become a civilian president ahead of January's general election.Musharraf visited Joint Staff headquarters in Rawalpindi and the navy and air force headquarters...
The Workers' Party of Bangladesh joined Tuesday the growing chorus for banning war criminals and anti-liberation elements from national elections. The 10-member party delegation, headed by chairman Rashed Khan Menon, made the demand alongside other proposals on the general elections...
Jamaat-e-Islami Bangladesh started a coordinated rehabilitation work to help people rebuild their houses, and social, religious and educational institutions in the cyclone-affected areas of the country."From today, the party relief committee in its second phase started the work for rehabilitation,"...
The Netherlands will contribute about US$5.0 million over next three years for completing the voters' list with photographs and strengthening the capacity of the Election Commission (EC) to prepare for holding free and fair polls.In this connection, an agreement was...
Chief Adviser (CA) Dr Fakhruddin Ahmed has felicitated his Danish counterpart Anders Fogh Rasmussen on his re-election as prime minister of his country, reports UNB.In a message to the Prime Minister of Denmark, the Chief Adviser expressed his hope that...
The Supreme Court (SC) stayed Tuesday the High Court (HC) order halting a corruption case filed by the Anti-corruption Commission (ACC) against detained controversial businessman Giasuddin Al Mamun on charges of amassing huge wealth through illegal means.A seven-member full court...
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