Siddique Islam Creation of a separate floor at the Dhaka Stock Exchange (DSE) has been proposed for trading only government-approved securities aiming to bring dynamism in the secondary bond market. Besides, the proposed platform will run along with the existing...
FE Report The Bangladesh Bank (BB) intervened further into the inter-bank foreign exchange market Thursday through selling US dollar, which helped stabilise the market. The central bank sold US$13 million at market rates to two commercial banks on the day...
FE ReportAfter spending long 40 years in the city's Motijheel commercial area, Standard Chartered (StanChart) Bank has moved to its new country head office at 67 Gulshan Avenue, said a press release.The new country head office reiterates StanChart's commitment to...
Javier Blas FT Syndication ServiceLONDON: Oil held above the $95 level at the end of morning trade in London on Thursday after crude prices hit a nominal record above $96 a barrel in after-hours trading on Wednesday following a sharp...
FE ReportBangladesh will receive US$150 million budgetary support credit from the Asian Development Bank (ADB) under an agreement signed in Dhaka Thursday.The fund will be utilised to ensure good governance in administration and judiciary.Economic Relations Division (ERD) Secretary, M Aminul...
FE Report Bangladesh Biman will offer golden handshake to its 500 officials and employees under its ongoing programme of cost cutting to improve the financial position, sources said.The decision of offering voluntary retirement scheme (VRS) was approved at a recent...
Former BNP law minister Moudud Ahmed Thursday filed a contempt of court lawsuit against former NBR chairman Badiur Rahman and three colleagues for refusing to receive tax on his undeclared money. The case was filed with the High Court bench...
The Bangladesh Chemical Industries Corporation (BCIC) has allocated 182, 934 tonnes of urea fertiliser for distribution among the farmers this month. The BCIC has requested district level fertiliser and seed monitoring committees to oversee lifting, transportation and distribution of fertiliser...
Goods of a spinning mill were gutted in a fire that broke out in the mill at Kharajora in Kaliakoir under Gazipur Thursday. Witnesses said, the fire originated from an electric short circuit in Jahanara Spinning Mill, and gutted threads...
Police seized 250 barrels of illegal acid, and arrested a man from Baniarchala in Sadar upazila under Gazipur Thursday. Acting on a tip-off, a police team raided a godown in the area, and seized 250 barrels of acetic acid. A...
FE ReportThe government has sought US$ 51 million financial assistance from the World Bank (WB) for implementing gas sector development projects that included developing a small gas field and constructing gas pipeline."The Energy and Mineral Resources Division (EMRD) has recently...
No chief executives of the country have yet formulated any laws for appointment to constitutional posts lest they lose the liberty of work at their sweet will if such laws are made, said Chief Election Commissioner (CEC) Dr ATM Shamsul...
FE ReportThe Dhaka Stock Exchange (DSE) Wednesday sought clarifications on some issues from state-owned Jamuna and Meghna oil companies ahead of their listing on the bourses.In another move the DSE at a meeting approved the listing of the City General...
Doulot Akter MalaThe Board of Investment (BoI) is functioning without its head for the past 10 days following a major reshuffle in the civil administration.The post of the BoI executive chairman remained vacant since the transfer of Mohammad Mohsin as...
Rapid Action Battalion (RAB) troubleshooters nabbed Chhobi Noor alias Pushpita, fugitive model Nikita's younger sister, from her husband's Gulshan residence on Wednesday midnight suspecting her link with the underworld of dangerous drug yaba, reports UNB.Her businessman-husband MNH Bulu was also...
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...
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