Doulot Akter MalaThe National Board of Revenue (NBR) might revive some accounts, which were frozen on suspected evasion of tax, in a move to restore confidence in business and gear up economic activities.This will be done after thorough investigation, sources...
FE ReportThe Privatisation Commission (PC) is likely to hold an emergency meeting shortly to review the latest financial offer made by Saudi prince on taking over the majority shares of largely state-owned Rupali Bank, sources said.The Saudi prince, who remained...
RAJSHAHI, Dec 10 (UNB): The four Rajshahi University (RU) teachers, who were earlier convicted by a court for violating Emergency Powers Rules (EPR), were released from jail Monday, hours after presidential clemency to them.Family members and hundreds of RU students...
FE ReportThe National Board of Revenue (NBR) has decided to rescind its previous order requiring mandatory pre-shipment inspection (PSI) of limestone imports.The NBR has taken the decision in view of the refusal on the part of PSI agency and importers...
FE ReportThe Japan Bank for International Cooperation (JBIC) is set to provide soft loan amounting to US$ 324 million to the government to implement three separate projects including installation of a 360 megawatts (MW) power plant at Haripur.Japanese Ambassador to...
The government Monday appealed against the High Court (HC) orders halting the trial of the extortion case filed by businessman Azam Jahangir Chowdhury against Sheikh Hasina and the transfer of a court to Sangsad Bhaban to try the former prime...
FE ReportWhen the government and the donors are in favour of further trade liberalisation, economists feel that the emphasis should be on good governance to ensure equitable share of people from all classes in economic growth benefits. The World Bank...
Joe Leahy, FT Syndication ServiceMUMBAI: The International Finance Corporation (IFC) plans to repeat in 2008 its record investment in India this year of more than $1.0bn, the largest amount the World Bank's private sector arm has invested in a single...
FE ReportThe stock prices on Dhaka Stock Exchange (DSE) Monday witnessed a decline amid a thin turnover.The market operators said the downtrend in stock prices and thin turnover was caused due to investors' cautious mood ahead of the year-end that...
MYMENSINGH, Dec 10: A court here Monday convicted former member of Public Service Commission (PSC) Prof Mahfuzur Rahman and awarded him eight years' rigorous imprisonment (RI) in a tax evasion case. The court also fined Mahfuzur Rahman, also a professor...
FE Report The Bangladesh Bank (BB) has invited fresh project proposals from innovative, experienced and new information technology (IT) entrepreneurs for 'equity fund assistance' to set up software industries. Such proposals from the IT entrepreneurs have been sought by the...
FE ReportThe government should provide package facilities including adequate agricultural loan, quality seeds, fertiliser, low-lift pumps for irrigation and tillage equipment immediately to the farmers in the Sidr-hit areas to overcome the agricultural output losses.If the government fails to provide...
FE ReportThe economic risks, particularly the impact of cyclone Sidr, are likely to eclipse other agenda when members of the 'Bangladesh Better Business Forum' (BBBF) meet Saturday to take stock of the country's trade and investment scenarios.As natural catastrophes, inflationary...
FE ReportBangladesh has signed an agreement with Switzerland on avoidance of double taxation aiming to boost cooperation in the areas of trade and investment.National Board of Revenue (NBR) Chairman Muhammad Abdul Mazid and Ambassador of Switzerland in Bangladesh Dora Rapold...
FE Report Leaders of the Bangladesh Textile Mills Association (BTMA) has urged European Union (EU) Ambassador to Bangladesh Dr Stefan Frowein to extend the rules of origin (RoO) facilities by another five years. The appeal was made at a meeting...
Rajuk has so far failed to rescue labourers trapped inside the wreckage of the Rangs Bhaban, the city developer's chief engineer Manwarul Islam said Monday. As Rajuk attempted search and recovery of trapped workers Monday morning, a portion of the...
FE ReportThe council committee on government purchase Monday approved Tk 1.03 billion as repair cost of the Ghorashal Urea Fertiliser Factory, damaged by an explosion several months ago.Production in the fertiliser factory is being hampered since the accident took place.A...
Amer KhanThe brilliant mathematician Alfred North Whitehead once said: "The art of progress is to preserve order amid change and to preserve change amid order".The nature of business today is that change is the only constant. Organisations, be they public...
Forty years. Thousands of IT products. Many of them made a huge difference for technology professionals, and they're fondly remembered. But only a few truly transformed IT - and how IT people, users and businesses did their work. Here are...
Oracle has recently announced the availability of Oracle® Business Accelerators for the Oracle E-Business Suite Release 12, designed for U.S. State and Local Government sectors. With this announcement, Oracle is enabling partners to efficiently and cost-effectively design and configure Oracle...
Four Rajshahi University teachers jailed for inciting campus unrest were released from prison hours after president Iajuddin Ahmed Monday approved mercy petitions filed by their wives. Management teacher Moloy Kumar Bhowmik and mass communication teachers Selim Reza Newton, Dulal Chandra...
The Finance Adviser has stressed the point of good auditing practices -- which are synonymous with sound accounting practices -- to attain good corporate governance. The Adviser commented, thus, at a function of the Institute of Chartered Accountants (ICAB) last...
Shamsul Huq ZahidChief Adviser Dr. Fakhruddin Ahmed while speaking at a function in Dhaka last week expressed his government's desire to introduce the Right to Information Act (RIA), one of the much-discussed legal issues. At least 61 countries including some...
Jonathan Soble from TokyoJAPAN is examining whether to expand a financial support programme of almost $1.0bn for small companies being squeezed by the rising cost of oil.Yasuo Fukuda, prime minister, has instructed members of his cabinet to draw up proposals...
Daniel Pimlott in New York and Krishna Guha in WashingtonTHE likelihood that the Federal Reserve will cut interest rates by more than a quarter point next week fell sharply last Friday after new figures showed the US economy continued to...
Tanvir NowazTHE current policy of letting big companies and businesses off the hook of corruption in exchange for getting testimonies is not only disingenuous considering the ongoing campaign against corruption but also counter productive in establishing the rule of law....
CYCLONE Sidr hit Barisal Division and parts of Khulna and Dhaka divisions last November. Besides a great number of people, thousands of animals, domestic or otherwise, were killed. Tens of thousands of shelters of people were damaged as well. As...
THE devastation caused by the SIDR in the country's coastal belt is not comparable to the damage done by previous natural calamities. We have lost not only the valuable lives of people but also natural resources due to this cyclone....
Md. Anwarul Kabir DURING the closing decade of the last century, perhaps on the first or second day of my graduate programme in the University of Wales, UK at the end of the lecture, a young girl student wearing short...
Martin WolfTHE point of the story of the boy who cried wolf is that, finally, a wolf did appear. I feel the same way about the intellectual heirs of Thomas Malthus. Malthusians have finally found a wolf called climate change....
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