FE Report Most of the country's private commercial banks (PCBs) are lagging behind in disbursing loans to the agriculture sector and small and medium enterprises (SME) in the cyclone Sidr-hit southwestern region.The Bangladesh Bank (BB) Governor Salehuddin Ahmed stated this...
Shamsul Huq Zahid Last Saturday's national power grid failure that had come from nowhere at around 11.45 am brought business activities and production in mills and factories to halt for hours together, caused immense sufferings to hospital patients and residents...
FE ReportStock prices on the Dhaka Stock Exchange (DSE) registered a rise Tuesday for the third straight trading day amid persistent buying support from the retail and institutional investors.The rise was led by the issues of the power and energy...
FE ReportLack of coordination among the power sector wings has been found to be a major reason for failure of national power grid twice because of devastating cyclone Sidr that hit the country November 16, an investigation report said.A seven-member...
Song Jung, FT Syndication ServiceSEOUL: South Korea's public pension fund plans to invest $21.5bn in energy development projects over the next 10 years including the purchase of major stakes in overseas oil fields or the acquisition of a foreign oil...
FE ReportThe work of designing the country's proposed largest bridge Padma is likely to start next June aiming to begin its construction work from early 2010, official sources said.Chief Engineer of the Jamuna Multipurpose Bridge Authority (JMBA) Abdullahel Kafi told...
A total of 19 per cent work on the new voter roll has been completed with the registration of 7,173,884 voters in 47 zones across the country as the voter-listing drive moved at a faster pace. Voter registration is underway...
FE Report Three new banking corporations have approved a little over Tk 3.30 billion in loan for tannery owners, enabling them to purchase raw hides and skin of sacrificial animals during Eid-ul-Azha festival. Janata Bank Limited (JBL) will provide the...
FE ReportThe Securities and Exchange Commission (SEC) has sent a letter requesting the Bangladesh Bank to inform all the scheduled commercial banks for providing a certificate that is required to open new beneficiary owners' (BO) account and also for updating...
FE Report With two days left for the Eid-ul-Azha celebrations, the city's cattle markets are abuzz with sacrificial animals but the sale has not yet gained momentum Tuesday. Cattleheads from different parts of the country have been arriving in the...
FE ReportMounting demand for cash ahead of festival vacation kept the inter-bank call money rate in ascending mood Tuesday in a highly active market influenced by pre-Eid withdrawals. The rate jumped to its peak at 17.00 per cent against previous...
FE ReportAmong the new textile items, denim fabrics and sweater are gradually becoming the flagship products for the local exporters. Industry insiders said during the last four years, production of denim has increased from 28 million metres per year to...
The Anti-corruption Commission (ACC) Tuesday sued Awami League general secretary Abdul Jalil and former home minister Altaf Hossain Chowdhury, reports bdnews24.com quoting the police. The graft watchdog filed another case against Khandaker Akhter Hamid nicknamed Paban, son of BNP leader...
Kayes M SohelTwo state-owned oil companies -- Jamuna Oil Company Limited and Meghna Petroleum Limited -- will make debut on the stock exchanges by January 10 under the direct listing regulations, a market source said.Both the companies will offload shares...
ROME, Dec 17 (Reuters): The United Nations' world food body outlined steps Monday meant to help the world's poorest nations combat soaring food prices, including a new voucher programme for farmers and a review of food-guzzling biofuels.The Rome-based UN Food...
John Authers WE live in an interconnected world. There is a tendency to believe that this is a new development, at least for financial markets.It is not. Almost 30 years ago, the British television journalist James Burke expounded what he...
Sundeep Tucker from Hong Kong INVESTMENT banks like to boast about how successful their Asian operations have become, and that the acute shortage of decent staff is the only thing limiting even faster expansion.There is little debate over figures that...
NEW DELHI, Dec 17 (PTI): India and Pakistan have a trade potential of 11.7 billion dollars, but the two neighbours need to take proactive measures to exploit untapped areas of economic cooperation, economic think tank ICRIER has said. An Indian...
TOKYO, Dec 17 (AFP): Japan will hold economic talks today with the energy-rich United Arab Emirates as Japanese banks prepare to sign a deal to extend a multibillion-dollar loan to the state-run Abu Dhabi oil company. Japan, which has virtually...
KUALA LUMPUR, Dec 17 (Xinhua): Malaysia exported 63.16 billion ringgit (18.58 billion US dollars) worth of green commodities for the first nine months of this year, exceeding the value of oil and gas which reached 55.24 billion ringgit (16.25 billion...
SINGAPORE, Dec 17 (AFP): Oil prices were higher in Asian trade today after a major snowstorm struck the northeastern United States over the weekend, fuelling expectations that heating oil demand will strengthen, dealers said. In morning trade, New York's main...
YANGON, Dec 17 (Xinhua): Myanmar will hold a marine products festival to help boost production and exports of the sector, according to the Myanmar Fisheries Federation (MFF) today. Running from Dec. 30, 2007 through to Jan. 4, 2008, the six-...
HANOI, Dec 17 (Xinhua): Vietnam is expected to export 4.5 million tonnes of rice next year, compared with estimated 4.53 million tonnes this year, local newspaper Youth reported today. Export prices of the local commodity will stand high next year,...
TOKYO, Dec 17 (AFP): The dollar dipped against other major currencies in Asian trade today as players locked in some of Friday's sharp gains triggered by a spike in US inflation, dealers said. They said that renewed worries about upward...
KUALA LUMPUR, Dec 17 (Reuters):With ingredients such as high cholesterol coconut milk, clarified butter and sugar cane, the traditional Malaysian diet may be among the most unhealthy cuisines in the world. But chefs in food-mad Malaysia, which touts itself as...
Kolkata, Dec 17 (BSS/PTI) Tata Motors will conduct the first test run of its ambitious small car in April 2008 before the scheduled roll out during the middle of next year. Sources close to the development told PTI that the...
Most of the readymade garment (RMG) factories have not implemented the new wage structure for their workers, a survey report said.Nagorik Sanghati, citing its survey report on 'Minimum Wage Implementation Monitoring in Readymade Garments' made the disclosure at a press...
Better designing by Bangladeshi textile experts and engineers will create greater markets for the country's exports in this sector.Adviser for Foreign Affairs Iftekhar Ahmed Chowdhury made the observation while speaking at the inaugural ceremony of a textile exhibition and traditional...
FE Report Transcom Electronics Limited (TEL) has recently signed a channel partnership agreement with Rahimafrooz. Under the agreement, IPS products of Rahimafrooz will be available at TEL's own showrooms. In this connection, a launching programme was held at TEL's own...
FE ReportBank Asia has launched Western Union (WU) services at all of its branches across the country through a ceremony held at a city hotel recently, said a press release. BURO Bangladesh, an NGO (non government organisation), has also joined...
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