FE ReportBangladesh received US$ 792 million foreign direct investment (FDI) in 2006, 6.0 per cent less than that of 2005, according the World investment Report-2007 launched in the city Tuesday.In 2005, the actual FDI inflow was $845 million, the highest...
FE ReportThe Dhaka Stock Exchange (DSE) Tuesday halted the trading of Rupali Bank, a 'Z' category share on the bourse after the stock propelled an unusual surge of the share price on the news that the Saudi bidder was going...
Shamsul Huq Zahid How is the state of the country's real economy? To get an answer, one should not fix one's eyes on stock market overflowing with enthusiastic investors. For, there are genuine reasons to be misled by developments there....
Storms, electrocution and home or mud collapse coupled with heavy rains have left at least 10 people dead and dozens injured as the squally winds started lashing the country Monday morning, reports bdnews24.com. The squally winds were set off by...
Shakhawat Hossain The economic relations division (ERD) has urged the ministry of finance (MoF) to take initiative for obtaining the United States Department of Agriculture (USDA) sponsored credit scheme in favour of the local commercial banks, sources said.The ERD has...
LONDON, Oct 16 (UNB): Army Chief General Moeen U Ahmed here Tuesday dismissed speculations about his becoming president, saying that he has no such intentions."Many questions are lurking in many people's minds, but time will give answers to all those...
Renowned journalist Obaidul Haque died of old-age complications in the city Saturday. He was 96, reports UNB.Haque had been hospitalised for the last couple of days and returned home at 12:30pm on the same day, ahead of holy Eid-ul-Fitr. He...
FE ReportThe Asian Development Bank (ADB) is set to augment support for developing Bangladesh's infrastructure to sustain higher growth of gross domestic product (GDP) and to facilitate faster poverty reduction."Bangladesh needs to significantly improve its physical infrastructure including power, ports,...
Alan Beattie, FT Syndication ServiceLONDON: Help from rich governments to the developing world has marginally improved but is still held back by policies on global warming, migration and security, according to a study by a leading think-tank.The "commitment to development...
FE ReportThe government has set the country's export target for fiscal 2007-08 at $14.50 billion, a rise of 19.07 per cent over the previous fiscal.An inter-ministerial meeting, headed by adviser of the Ministry of Finance and Commerce, AB Mirza Md...
Millions of Muslims in the country Sunday prayed for the nation's peace and progress and unity of the Muslim ummah as the holy Eid-ul-Fitr was celebrated with enthusiasm and religious fervour and pledge to establish a corruption-free democratic society, reports...
The cabinet committee on public purchase Tuesday cleared import of 50,000 tonnes of rice, an adviser said, reports bdnews24.com. After a meeting of the committee, Finance Adviser AB Mirza Azizul Islam said the move was meant to deal with any...
A two-member inspection team of the European Union (EU) arrived in Dhaka Tuesday to visit the country's existing fish processing plants and examine the quality control measures. The EU delegation came from food and veterinary office in Brussels for a...
The five-day celebration of Durga Puja, the major Hindu religious festival, begins today (Wednesday). The goddess Durga arrives from her husband's domain to her father's on this day of Shashthi and will return on the day of Dashami riding an...
Muggers stabbed to death a tailor master in the city's Mirpur area early Sunday. Victim Hasmat Ali Sheikh (50), a master of 'The New Style Tailor' located behind Mirpur police station, was returning home at 67 Baro Bagh from his...
FE ReportDhaka has urged upon Asia's emerging economic giants to invest in Bangladesh's infrastructure sector, capitalising on its regulations that allow public private partnership.The call was made by a top communications official at the Asia-Pacific Ministerial Conference on public-private partnership...
Naim-Ul-KarimBangladesh, Bhutan, India and Nepal have agreed to collaborate on a mega sub-regional Information Communication Technology (ICT) project aiming to improve connectivity, reduce cost of business and expedite the economic growth of those countries.Sources said the agreement by the South...
Jo Johnson,FT Syndication ServiceNEW DELHI : Manmohan Singh, India's prime minister, has been forced to tell the US president, George W. Bush, that his government is struggling to win domestic support for a historic nuclear agreement between their two countries....
FE Report Bangladeshi workers seeking employment in the UAE will have to provide qualification and experience certificates before being offered jobs, according to new rules expected to come into force shortly. "New workers coming to the UAE for employment should...
NEW YORK, Oct 16(Agencies): Three US economists, one of them a 90-year-old professor emeritus from Minnesota, will share this year's Nobel prize in economics for their work on how people's knowledge and self-interest affect their behavior in the market or...
FE Report The London-based First Solution Money Transfer Limited has sought fresh permission from the central bank of Bangladesh to revive their remittance business with local corresponding banks. Representatives of the new management of the money transfer company have already...
TEHRAN, Oct 16(AP): Russian leader Vladimir Putin met his Iranian counterpart Tuesday and implicitly warned the U.S. not to use a former Soviet republic to stage an attack on Iran. He also said nations should not pursue oil pipeline projects...
After the Eid-ul-Fitr vacation, government offices, banks and newspaper offices reopened Tuesday amidst festival fever, reports UNB.Attendance in offices was remarkably thin as many officials and employees were enjoying one-day optional holiday. Those who attended offices were seen exchanging Eid...
The Election Commission is going to embark on the most arduous task of preparing voter-list with photograph at around 200 registration centres of the Dhaka City Corporation (DCC) on December 1, reports UNB.Election Commissioner M Sohul Hussain told the press...
FE Report The inter-bank call money rate remained stable Tuesday, the first working day after the Eid-ul-Fitr festival, despite internal adjustment of funds by some banks and non-banking financial institutions. The call rate ranged between 6.50 per cent and 12.00...
Oil prices near $87VIENNA, Oct 16 (Internet): Oil prices rose Tuesday on fears that Turkey will pursue Kurdish rebels into Iraq and disrupt oil supplies in the region.A weakening dollar, low U.S. crude inventories and increased buying by investment funds...
The World Food Day was observed in the country Tuesday with a call to ensure the right to food for all and eradicate hunger and poverty from the world, reports BSS.The theme of the Day was 'The Right to Food'...
Twenty-one persons were killed and many others injured in separate incidents in different places of the country during the last four days, report agencies.In Kushtia, an extortionist was killed in a mass beating at Harishankarpur on the outskirts of the...
The leaders of Mahanagar Sarbajanin Puja Committee urged the government for an uninterrupted electricity and water supply to the Puja mondops during the five-day Durga Puja, the greatest religious festival of the Hindu community, beginning today, reports BSS. Mahanagar Sarbajanin...
Professor Dr MA Hadi, former vice- chancellor of Bangabandhu Sheikh Mujib Medical University (BSMMU) and president of Bangladesh Medical Association (BMA), died of a cardiac arrest at Ibn Sina Hospital early Tuesday morning, reports BSS.He was 68.Prof Hadi is survived...
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