Siddique Islam The Bangladesh Bank (BB) plans to complete the sale process of nearly 60 per cent shares of troubled Oriental Bank Limited by the end of February next, official sources said. Bidding document has already been sent to six...
Cultural affairs adviser Ayub Quadri has said he is considering resignation after the loss of two rare artifacts. In a press briefing Monday, Quadri said: "It's me who must take the responsibility as the head of the cultural affairs ministry...
FE ReportThe government has sought from the Indian authorities about the timeframe and price of 0.5 million tonnes (MT) of rice, which India will export to Bangladesh, sources said.They said the request was made at a meeting held between senior...
Michiyo Nakamoto, FT Syndication ServiceTOKYO: The Japanese government has agreed to a sweeping reform package designed to revitalise the country's financial markets, including eliminating the firewalls that keep a strict division between banks and securities companies. The measures unveiled by...
Foreign Adviser Iftekhar Ahmed Chowdhury said Monday Bangladesh wants to join the Ganges-Mekong Cooperation Initiative, comprising India, Myanmar, Thailand, Cambodia, Laos and Vietnam. Iftekhar said this when Vietnam Ambassador Nguen Van That met him at his office. The Foreign Adviser...
BTTB is thinking of allowing subscribers to pay bills in advance, the state-owned telecom operator's chief said Monday. It also plans to let the subscribers know their latest phone bills anytime, said DM Moudud Chowdhury, acting chairman of Bangladesh Telegraph...
As return Hajj flights started, 318 non-ballotee hajis returned home from Jeddah early Monday. Religious Affairs Secretary Mohammad Ataur Rahman received the hajis at Zia International Airport at 3:45 am. The Hajj office in city said the first flight of...
Doulot Akter MalaThe Tax Ombudsman's office has received poor response from the taxpayers over the past one year due to lack of awareness among the people.Sources said lack of logistic support, manpower shortage and dearth in infrastructure facility are responsible...
Shakhawat Hossain The government has decided to ask the state-owned enterprises (SoEs) to prepare monthly performance reports aiming to assess their updated financial condition.The decision was taken at a budget review meeting by the Ministry of Finance (MoF) early this...
FE ReportThe government has decided to cancel the allocation of 4.16 acres of land on Begunbari canal allotted to the Millennium Holdings Limited for constructing Hilton Hotel Complex. Objections by the Board of Investment (BoI) and Bangladesh Railway have prompted...
FE Report A three-day first Non-Resident Bangladeshis (NRBs) Conference-2007 will begin in the city on December 27 aiming to engage expatriate Bangladeshi scholars in economic development of the country.About 1100 NRBs are expected to take part in the conference to...
The Anti-Corruption Commission (ACC) Monday cautioned people against an unscrupulous section involved in serving false notices and letters to different persons and organisations in the name of the commission, reports BSS.Talking to reporters at his office in the city, ACC...
KATMANDU, Dec 24(AP): Nepal's major political parties have agreed to abolish the world's last Hindu monarchy as part of a deal to bring former communist rebels back into the government, the one-time insurgents said Monday.While no timetable has been set...
Chief Adviser Fakhruddin Ahmed returned home Monday morning after performing the hajj in Makkah, reports UNB.On December 16, the Chief Advisor and Army Chief General Moeen U Ahmed left Dhaka for Jeddah en route Makkah to perform the hajj.A regular...
FE ReportThe inter-bank call money rate gained ground although its upper edge eased slightly responding to interventions of the central bank. The rate touched its peak at 15.50 per cent against previous day's high at 16.50 per cent on the...
Simeon Kerr, FT Syndication ServiceDUBAI: Dubai's livestock market, where dozens of pens are tightly packed with Syrian sheep and Iranian goats, was teeming early last week as Muslims prepared for Eid al-Adha, when families slaughter an animal for a banquet...
Law and Information Adviser Mainul Hosein Sunday admitted flaws in the recently declared 6th Wage Board award for journalists, employees and workers of newspapers and news agencies, reports UNB.There might be some flaws in the gazette notification on the Wage...
Doulot Akter MalaThe National Board of Revenue (NBR) has decided to expedite the process of Value Added Tax (Vat) registration in the backdrop of widespread allegation about the delay involved in the process.The NBR has been intensifying its efforts to...
After a long delay, Bangladesh is going to receive diesel supply from India, reports UNB. According to a news published in Kolkata, the first consignment of 1,200 tonnes - loaded in two barges of 600 tonnes capacity, left last week...
WELLINGTON, Dec 23 (Reuters): Bangladesh completed preparations for their international series against New Zealand with a four-wicket victory over New Zealand XI in a Twenty20 match in Hamilton Sunday. Bangladesh, who have lost both their one-day games against first-class sides...
Prince Karim Aga Khan is likely to visit Bangladesh early next year, which will mark the Golden Jubilee of his Imamate. A delegation of Ismaili Community Sunday met Foreign Affairs Adviser Iftekhar Ahmed Chowdhury and informed him of the Aga...
Poet Mahbubul Alam Chowdhury, a language veteran, died of cardiac arrest at 1:20 pm Sunday at the United Hospitals in the city. He was 80. He left behind his wife, one daughter and a host of admirers to mourn his...
Chief Adviser Fakhruddin Ahmed is scheduled to return home today (Monday) morning after performing the holy Hajj. Earlier, on December 16, he left Dhaka for Jeddah en route to Makkah. The Chief Adviser was accompanied by his wife Neena Ahmed,...
Siddique Islam Back from New Delhi Trade experts have recommended scrutiny of implication of the trade reforms aiming to alleviate poverty through enhancement of employment opportunities in the South Asian countries, particularly in Bangladesh, India , Pakistan , Sri Lanka...
FE ReportThe Power Division will place again the proposal on seven small rental power projects (SRPPs) before the advisers' committee on public purchase soon for their approval to pave the way for adding some 260-megawatt (MW) of electricity to the...
NEW YORK, Dec 23 (AP): Oil's run to nearly $100 a barrel this year jacked up the cost of travel, clothing, beauty products and milk, and many analysts think fuel prices will remain at historically lofty levels throughout 2008.But record...
FE ReportThe stock prices showed a bullish trend on the Dhaka Stock Exchange (DSE) in the week (December 17-December 19), trimmed by two days because of Victory Day and the first day of Eid Holiday.Trading of Z-category issues continued to...
Henny Sender and David Wighton in New York and Sundeep Tucker in Hong Kong, FT Syndication ServiceSaudi Arabia plans to establish a sovereign wealth fund that is expected to dwarf Abu Dhabi's $900bn and become the largest in the world.The...
FE ReportThe inter-bank call money rate maintained its high level Sunday due to post-Eid time-lag in drawing cash in banking channel. The rate rose to its peak at 16.50 per cent against previous day's high of 17.00 per cent on...
PESHAWAR, Dec 23 (AP): Police examined clothing, shoes and the severed legs of a man Saturday to try to identify a suicide bomber who killed at least 50 people during a prayer for the holy day of Eid al-Adha at...
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