Bangladesh's trade deficit is set to widen from an estimated US$3.7 billion in 2007 to $4.0 billion in 2008 and $4.4billion in 2009, reports UNB. "This is largely attributable to a growing import bill for oil, as volumes remain large...
FE ReportA panel of experts tasked with finalising the much-debated coal policy has agreed 'conceptually' not to allow export of the mineral, keeping the country's long-term energy security in mind.The committee members will, however, keep the policy sufficiently flexible, when...
The Power Cell under the Ministry of Power will receive international tender by October 25 for setting up eight rental power plants to tackle power crisis in the next summer, reports UNB.The projects are 50 MW Shahjibazar plant, 50 MW...
Durga puja, the biggest religious festival of the Hindu community, ended Sunday through the immersion of images of deities after five days of festivities, reports UNB.Deity Durga descended on earth by riding a palanquin (palki) and departed on elephant-back. In...
The Dhaka Bar Association and Dhaka Metropolitan Bar Association have termed the meeting of the administrative cadre officials at the Biam auditorium in the city as tantamount to contempt of court, reports bdnews24.com. Dhaka Bar Association president Adv Fakir Delwar...
Eoin Callan FT Syndication ServiceWASHINGTON: The failure of the IMF to agree reform increased the risk of a "huge" global economic "crisis" brought about by the disorderly unwinding of global economic imbalances, said David Dodge, governor of the Bank of...
BEIJING, OCT 21 (AP): President Hu Jintao boosted his political clout Sunday, getting China's Communist Party elite to endorse a signature policy program and approving the retirement of a powerful rival. How deftly Hu maneuvered eight days of high-level parleys...
BAGERHAT, Oct 21 (UNB): A fact-finding European Union delegation visited a frozen shrimp export factory and a demonstration farm run by the Fisheries Department in the coastal district today (Sunday) to examine the quality of exportable shrimps.The two members of...
Outgoing NBR chairman Badiur Rahman Monday said he had sought voluntary retirement from public service. "I have failed to please my master. I have never bowed my head to anybody except Allah in my life," Rahman told reporters at the...
Our CorrespondentRAJSHAHI, Oct 20: Stealing of sleepers and other equipment from the Rajshahi-Ishwardi rail track has become rampant.The costly machinery include metallic pedal clip, dog spike, bearing plate, hook bold, nuts and screws which is essential for smooth running of...
DP World Limited, the Dubai-owned ports company with terminals from the UK to China, plans to raise at least US$3.50 billion in an initial public offering (IPO) as the emirate turns to asset sales to attract international investors, reports Bloomberg....
WASHINGTON, Oct 21 (AFP): US Treasury Secretary Henry Paulson said Saturday the IMF and governments should draft codes of conduct for cash-rich state investment funds that have raised national interest concerns in the United States and Europe. "The increase in...
MUMBAI, Oct 21: The market posted losses Friday for the fourth straight day, on sustained selling pressure triggered by worries that official attempts to moderate FII inflows would see foreigners pull out funds, according to Internet.The market declined sharply in...
NEW YORK, Oct 21 (Reuters): Caterpillar Inc.'s warning that the housing slump was infecting the wider economy sent US stocks tumbling by the most in more than two months Friday, in a drop that was made more unnerving as it...
CHITTAGONG, Oct 21: The Chittagong Port Authority (CPA) has fined a total of 23 vessels of about Tk 0.30 million on charges of non payment of huge amount of outstanding taxes, according to CPA sources.Chittagong Port (CP) Magistrate Munir Chowdhury...
BRUSSELS, Oct 21 (AFP): The European Commission cleared Friday Blackstone Group's purchase of US-based Hilton Hotels Corporation, a buyout which would create the world's biggest hotel concern. "The Commission has concluded that the transaction would not significantly impede effective competition"...
RIYADH, Oct 21 (Reuters): Dutch bank ABN AMRO has received offers for its 40 per cent stake in Saudi Hollandi Bank, the Saudi lender's chairman, Sulaiman al-Suhaimi, said in remarks published Sunday. ABN has informed Hollandi that it had received...
The World Bank (WB) will continue its support to Bangladesh to accelerate economic growth and poverty reduction, reports BSS. Managing Director of the WB Graeme Paul Wheeler stated this during his meeting with Finance Adviser AB Mirza Azizul Islam Saturday...
The visiting First Vice Foreign Minister of Laos, Phongsavath Boupha, Sunday called upon Bangladeshi businessmen to promote trade relations between the two countries, reports BSS. He gave the call while exchanging views with leaders of the Dhaka Chamber of Commerce...
Our correspondentRAJSHAHI, Oct 21: Rajshahi City Corporation (RCC) is facing an acute financial crisis. The employees and staff of the RCC are also anxious about getting their salaries regularly. Specially, the master roll employees have turned into a burden for...
Our CorrespondentCHITTAGONG, Oct 21: The tourist city of Cox's Bazar with the longest sea beach of the world is still flooded with the tourists. After Eid-ul-Fitr, one of the two biggest religious festivals of the Muslims, members of the Hindu...
Our CorrespondentSIRAJGANJ, Oct 21: The Department of Agriculture Extension (DAE) has undertaken a massive programme to produce a record amount of winter crops in the country's Northern region this year, DAE sources said. Under the programme, a target has been...
Our CorrespondentCHITTAGONG, Oct 21: Passengers have rather become hostage to drivers of CNG driven auto-rickshaws in the port city and its adjoining areas of the district. The drivers realise excess fare from the passengers and do not want to go...
Our CorrespondentCHITTAGONG, Oct 21: Passengers have rather become hostage to drivers of CNG driven auto-rickshaws in the port city and its adjoining areas of the district. The drivers realise excess fare from the passengers and do not want to go...
Our CorrespondentSIRAJGANJ, Oct 21: Acute shortage of local varieties of fish has seriously affected the dry-fish business in the country's Northern districts, sources said.Once Sirajganj, Pabna, Bogra, among the country's northern districts, were well-known as the store-house of sweet water...
KARACHI, Oct 21(AFP): Former Pakistani premier Benazir Bhutto left a Karachi hospital Sunday where she visited those wounded in last week's deadly suicide attack on her homecoming parade, an AFP correspondent said. About 100 supporters cheered Bhutto, who was making...
TEHRAN, Oct 21 (AFP): Five months ahead of crucial elections, President Mahmoud Ahmadinejad has tightened his grip on Iranian politics after the resignation of his top nuclear negotiator, Ali Larijani, analysts say. The surprise Saturday resignation of Larijani, a conservative...
MOSCOW, Oct 21 (Agencies): A Soyuz craft left its docking port at the international space station on Sunday, starting a return trip to Earth with two Russian cosmonauts and Malaysia's first space traveler aboardThe capsule was to bring back Fyodor...
BATON ROUGE, oct 21 (Agencies): US Rep Bobby Jindal became the nation's youngest governor and the first nonwhite to hold post in Louisiana since Reconstruction when he carried more than half the vote to defeat 11 opponents. Jindal, the Republican...
ANKARA, Oct 21 (Agencies): Separatist Kurdish rebels attacked a military unit near Turkey's border with Iraq and Iran on Sunday, killing nine Turkish soldiers, the state-run Anatolia news agency reported. The attack came four days after Turkey's Parliament passed a...
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