FE ReportStock prices on the Dhaka Stock Exchange (DSE) declined for the fifth consecutive day Thursday due partly to market correction.Market operators said investors have sold a significant number of shares over the last few days to take profit and...
Sarwar ZahanA majority of the people employed in the country's software firms are without institutional IT (information technology) degree, Bangladesh Association of Software & Information Services (BASIS) sources said.The software companies have so far employed around 6,000 persons and most...
Jasim Uddin Haroon The government is unlikely to frame any act covering Islami Shariah-based insurance policies operated by the country's insurance companies. The council of advisers recently dropped from its agenda the draft act on operating Taqaful policies. Earlier, the...
Refayet Ullah MirdhaTwo non-banking financial institutions (NBFIs) and a life insurance company submitted applications for floating their shares on the bourses recently.Sources in the Securities and Exchange Commission (SEC) said Delta Brac Housing (DBH) and National Housing Company, two NBFIs...
The much-talked-about Yaba narcotics cases would be lodged under the Speedy Trial Act (STA), an inter-ministerial meeting decided Thursday, reports UNB.Briefing the reporters at Home Ministry, Home Secretary Abdul Karim said some Yaba tablets were seized and several suspects involved...
Residents of Dhaka Thursday began picking up and dropping off passport application forms at seven designated post offices, reports bdnews24.com. The Directorate of Immigration and Passports signed an agreement with Bangladesh Postal Department in an effort to improve services to...
FE ReportThe US dollar weakened against the Bangladesh taka (BDT) Thursday with moderate demand for the greenback in the inter-bank foreign exchange market, fund managers said.The inter-bank call money rate, however, retained its earlier level despite withdrawal of cash through...
ISLAMABAD, Nov 1 (Agencies): A suicide bomber on a motorcycle rammed into a Pakistan Air Force bus Thursday, killing at least eight men and wounding about 40, the latest in a wave of attacks against the military, officials said. The...
KABUL, Nov 1 (Agencies): A nighttime raid in eastern Afghanistan by US and Afghan troops sparked a gunbattle that killed three people, including two children, and the military said Thursday it is investigating the deaths Civilian casualties have incited resentment...
PIEDRA BLANCA, (Dominican Republic), Nov 1 (Agencies): Tropical Storm Noel buffeted south Florida with high surf and winds as it swirled slowly toward the Bahamas Thursday after triggering mudslides and floods in the Caribbean that killed at least 81 people...
ANKARA, Nov 1 (Agencies): Turkey's foreign minister said Thursday that any incursion by Turkish forces into Iraq would target guerrilla fighters and their bases and "would not be an invasion." Ali Babacan said that an upcoming meeting Monday between Prime...
Thailand-south-unrestYALA, (Thailand), Nov 1: Suspected rebels fighting for a separate Muslim state in southern Thailand shot dead an army sergeant and two civilians in the embattled region, police said Thursday. Two Muslim men aged 48 and 65 were killed early...
Thailand-south-unrestYALA, (Thailand), Nov 1: Suspected rebels fighting for a separate Muslim state in southern Thailand shot dead an army sergeant and two civilians in the embattled region, police said Thursday. Two Muslim men aged 48 and 65 were killed early...
FE Report Unilever Bangladesh Ltd and Bangladesh Dental Society (BDS) will jointly organise 'Pepsodent Bangla-desh Dental Society Oral Health Day 2007' on November 16. On this day, over 300 member doctors of BDS will provide voluntary service for free dental...
BANGKOK, Nov 1 (AP): Asian markets mixed lower Thursday as investors digested the widely expected US rate cut overnight and turned their attention to domestic earnings reports and other local matters.Japanese stocks rose for the second straight session as investors...
Dividends Usmania Glass: The board of directors of Usmania Glass has recommended 60 per cent cash dividend for the year 2006-2007. The annual general meeting (AGM) of the company will be held at its registered office, Kalurghat, Chittagong at 10am...
WASHINGTON, Nov 1 (AP): Pharmaceutical sales in the US will drop to a third of global sales in 2008, from a 50 per cent share two years ago, a report released Thursday stated. Prescription drugs sales in emerging economies in...
TOKYO, Nov 1 (AFP): The Tokyo and London stock exchanges has announced plans for the launch of a new capital-raising market for emerging Asian firms as part of an effort to fend off stiff competition from rival bourses.The Tokyo Stock...
Bangladeshi expatriates in Britain have established three airlines namely Air Sylhet, United Airlines and Royal Bengal Airlines, reports BSS.Air Sylhet is basically an UK-based company and will operate from the United Kingdom (UK) to various European destinations and Bangladesh. United...
The Power Cell of the Power Ministry will go for re-tender for the 50MW Fenchuganj rental power plant (RPP) project, reports UNB.The Power Ministry instructed the tendering authority to immediately move for the re-tendering process as no bid was received...
ISLAMABAD, Nov 1 (PTI): Pakistan has asked India to remove non-tariff barriers on the export of 20 products in a bid to narrow down the trade mismatch between the two countries. Commerce Secretary Syed Asif Shah said the list of...
FE ReportNCC Bank Ltd has opened its 50th branch in Chittagong Export Processing Zone (EPZ). Chairman of the bank Tofazzal Hossain formally inaugurated the branch Tuesday, said a press release. Managing Director Md Nurul Amin presided over the inaugural function,...
FE ReportThe Asset Management Company Ltd (AMCL), a subsidiary of Investment Corpora ration of Bangladesh (ICB), has declared the net asset value (NAV) of its two unit funds, according to press release.The total NAV of ICB AMCL Pension Holders' Unit...
Our CorrespondentBRAHMANBARIA, Nov 1: Hike in prices of raw materials has seriously affected the cottage industry producing handicraft products in the district.In the situation, production of handicraft items has declined drastically this year and the local artisans have failed to...
Our CorrespondentChittagong, Nov 01: Acting on secret information, a mobile court led by Magistrate Munir Chowdhury launched a drive at the BSTI certified Kohinoor Ghee Factory at the city's Khulshi area and seized 5 tonnes of spurious Kohinoor brand ghee...
GOVERNMENT has formed a 17-member commission last Wednesday for reviewing the country's various regulations and regulatory institutions. The move is a timely one and could not have come sooner. Ideally, the least regulation is recommended by experts for a truly...
Robin KwongWHEN China's "rich list" was launched in 1999, it had just one US dollar billionaire Red capitalist- Rong Yiren, the former China vice-president who founded the sprawling, state-controlled Citic conglomerate, topped the list with an estimated wealth of $1.0bn.Now...
Kamal AhmedDespite some welcome changes in recent years, accounting procedures in many areas of business in the country still continue to be pursued in the traditional fashion with accounting looked upon as nothing more than book-keeping or taking a stock...
M Zakiul IslamThe phrase 'military-backed government' was probably used first by 'The Economist' of London to describe the present system of Government in Bangladesh. They always love to put a label, especially if it has to do something with the...
ACCORDING to reports, the banks in Bangladesh currently maintain a huge surplus of liquidity Excess of funds with the banks suggests that they are not doing business at the expected level which consists in facilitating borrowings by the entrepreneurs and...
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