Acting Awami League chief Zillur Rahman told the Election Commission Sunday that releasing party chief Sheikh Hasina from jail was necessary for free and fair elections. He demanded that the state of emergency be withdrawn without delay. "You have yourself...
FE Report Transparency International (TI) has played down the fear that the "hurried" crackdown on corruption could drive down the country's economic growth and erode business confidence, saying geo-politics might have something to do with that. " … Something else...
FE Report The Bangladesh Petroleum Corporation (BPC) has sought US$ 100-million worth of funds from a state-owned commercial bank to foot its fuel oil import bill, sources said. "A process is on for early release of the said amount of...
FE ReportThe production of polyester and viscose staple blended fibre in the country declined by 50 per cent over the last five months as the entrepreneurs switched over to manufacturing other products following budgetary implications and high cost of raw...
FE ReportWorld Bank (WB) President Robert B Zoellick arrives in Dhaka this (Saturday) afternoon on a two-day visit to Bangladesh.During his visit, Zoellick will hold talks with Chief Adviser Fakhruddin Ahmed and Finance Adviser Mirza Azizul Islam.The WB chief will...
Doulot Akter MalaThe Power Development Board (PDB), hamstrung by liquidity problem, has been in difficulty to clear gas bills to the Petrobangla, the state-owned gas, oil and mineral corporation.The PDB, the lone state-owned power distributing entity, owed the Petrobangla in...
FE ReportThe introduction of book-building system in the country's primary stock market is yet to take shape due to lack of efforts of both the stock exchanges and the Securities and Exchange Commission (SEC).The book-building system is a modern method...
Only Awami League presidium members, led by acting president Zillur Rahman, will participate in the Election Commission-sponsored dialogue on reform issues tomorrow (Sunday), reports UNB.The party earlier decided that the 21-member sub-committee, formed to thoroughly review the EC's draft proposals...
In a new twist to Bangladesh Nationalist Party (BNP) politics, BNP chairperson's Adviser Hannan Shah and acting Secretary General Hafizuddin Ahmed accused each other of the killing of President Ziaur Rahman in 1981.Both the BNP leaders also challenged each other...
Simeon Kerr in Dubai and Roula Khalaf in London, FT Syndication ServiceGulf states last Thursday cut some interest rates in a move that generally tracked the US Federal Reserve's 25 basis points cut, undermining speculation that these oil-exporting economies may...
CHITTAGONG, Nov 2: Chittagong City Corporation (CCC) will re-excavate at least 22 canals including the Chaktai canal soon as part of its efforts to free the city from severe water logging. The CCC has undertaken a plan to rebuild the...
Rapid Action Battalion (RAB) arrested 31 people, including two women, from two bars in the city's posh Gulshan area midnight Thursday. As part of their on-going anti-drug operation, a team of RAB-1 raided Fu Wang Bar and All Community Club...
NARAYANGANJ, Nov 2: Police arrested a man along with 2.5 kg gold worth about Tk 5.0 million (50 lakh) from the Meghna Toll Plaza area under Sonargaon Upazila Thursday midnight. Acting on a tip-off, police halted a Dhaka-bound bus coming...
NARAYANGANJ, Nov 2: Police arrested a man along with 2.5 kg gold worth about Tk 5.0 million (50 lakh) from the Meghna Toll Plaza area under Sonargaon Upazila Thursday midnight. Acting on a tip-off, police halted a Dhaka-bound bus coming...
FHM Humayan KabirSome project executing agencies have performed badly in implementation of foreign-aided projects as only 5.835 per cent of fund was utilised during the first four months of the current fiscal.The development partners disbursed only small amount of aid...
Bangladesh called upon the international community to provide their support to the country for recovery of ill-gotten resources that remained abroad.Ambassador and Permanent Representative of Bangladesh to the United Nations (UN) Ismat Jahan made this call while she was delivering...
WASHINGTON, Nov 2 (Reuters): Frenchman Dominique Strauss-Kahn took the reins of the International Monetary Fund yesterday under pressure to give emerging economies like China a bigger say in the global financial institution. A former French Socialist finance minister, Strauss-Kahn (58)...
MIRANSHAH (Pakistan), Nov 2 (AFP): A missile strike on a pro-Taliban militant camp in Pakistan's tribal belt killed 10 people Friday, as rebels in another area paraded 48 men said to be troops captured during fierce clashes. The unrest heightens...
Naim-Ul-KairmThousands of irregular Bangladeshi workers in the UAE who will be failing to leave that country within the deadline that expires today (Saturday) might face punishment for violating the order. There are an estimated 60,000 irregular Bangladeshi workers in the...
Joe Leahy, FT Syndication ServiceMUMBAI: For a direct illustration of the cost of fuel subsidies in India, one need only look at the disaster that has befallen private sector petrol pump operators in the country.In August, frustrated by the government's...
FE ReportThe stock prices witnessed 'correction' in the week ended Thursday as investors cashed in their profits after the rally of the prices that lasted for weeks.Due to the correction, the market was in a bearish mood in all the...
Oil nears $94 but off highsSINGAPORE, Nov 2 (Reuters): Oil rose to near $94 Friday, recovering from overnight falls due to funds selling on weakness in global equity markets, and traders were looking to strong Asian demand to counter concerns...
CHICAGO, Nov 2 (Reuters): US grain prices fell sharply yesterday, with Chicago Board of Trade wheat futures tumbling more than three per cent on disappointing exports and bearish technical signals, traders said. Spillover pressure from other commodity markets added to...
Newspapers and electronic media often carry reports on how the fertiliser-hungry farmers wait for long hours and even days in queue in front of the dealers' shop to get fertiliser during cropping seasons. This common sight points to a kind...
Ghulam MohammadTHE privately run centres of higher education are, in many cases, found to be deficient in respect of quality. The inadequacies of a good number of private universities are too well known. There is no need to repeat them...
Nasim AhmedMANY litigants find no use for the delayed judgements coming as they do with hundreds of thousands of cases remaining pending in the lower courts for years. Completion of the appeal process similarly requires another long and indefinite waiting....
Amy YeeWhen Priya Paul took the reins of Park Hotels in 1990, India's hospitality industry was "in the dumps", she says. "We were faced with lots of empty hotels." Before the country's economic reforms of 1991 ushered in an era...
The government needs to set up skill training centres throughout the country, at its own cost, to train as many people as possible in diverse skills. The establishment of such institutions should be viewed as investment to get, in the...
BANGLADESH has earned a good amount of foreign exchange by exporting fruits since the entry of related items to its export basket. This is one area of non-traditional export goods. On its part, Thailand earns several billion US dollars a...
Dhaka WASA collects Tk. 13.00 for supplying one cubic meter of water in case of domestic consumers while this rate is Tk. 42.00 in case of commercial consumers. It supplies water through one water meter to one building, comprising different...
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