FE Report The Bangladesh Bank (BB) will introduce an identical 'Know Your Customer (KYC)' form for the commercial banks to help check illegal fund transfer, official sources said. Currently, banks are using different types of forms for preparing KYC profiles...
FE ReportIn the absence of any sort of monitoring by the agencies concerned, the owners of motor vessels operating in long routes are now subjecting the Dhaka-bound passengers to hassles. All large passenger-launches plying between Dhaka and Barisal compelled passengers...
Jo Johnson FT Syndication ServiceNEW DELHI: Overgrown and disused for much of the last 60 years, a ghost road that connects India to China via Burma will soon reappear on maps of the region.Dismissed by Winston Churchill as a "laborious...
Naim-Ul-KarimThe government is persuading the United Arab Emirates (UAE) to extend the deadline further on deportation of Bangladeshi workers staying there illegally to facilitate their return home, a diplomatic source said. The UAE government set a deadline on June 03...
S M JahangirA fresh move is on to streamline the settlement process of tax-related disputes, aiming to help the National Board of Revenue (NBR) recover its huge stuck-up revenue.A process is on to create two more hearing benches under Dhaka...
Jasim Uddin Haroon Local private airlines operator Best Aviation Limited, for the first time, plans to fly Boeing passenger aircraft to commercially important regional destinations. Besides, it will also introduce the Boeing service on its Dhaka-Chittagong route twice a day.The...
The Anti-corruption Commission (ACC) is likely to question detained former Prime Minister and Awami League President Sheikh Hasina this week in connection with the Tk 30 million graft case, filed against her and six others. Investigating officer and ACC deputy...
Production in Jamuna Fertiliser Factory in Jamalpur was suspended Sunday for its repair and overhauling. Officials said, the factory would remain closed for 35 days. Overhauling of the factory was last done in 2005 at a cost of about Tk...
A three-member Bangladesh delegation leaves the city for Kuwait today (Monday) on a three-day official visit. Expatriates' Welfare Ministry Secretary Abdul Matin Chowdhury will lead the team, other members of which are BMET Director General M Abdul Malek and BOESL...
FE Report The Dhaka City Corporation (DCC) has selected 20 places for hawkers for selling their goods in the city, apart from a government move to introduce hawker identification cards, according to a DCC press release. Currently, hawkers' registration is...
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...
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