WASHINGTON, Aug 6 (Agencies): The United States will do everything it can to capture high-value targets in Pakistan, but it will not act independently of Pakistan's government, US Secretary of State Condoleezza Rice told a television channel.Her comments at the...
Jasim Uddin Haroon Export of vegetables to the European and Middle East markets fell sharply over the past few weeks due to the on going flood which has affected 42 districts in the country. Bangladesh exports different kind of vegetables...
Naim-Ul-Karim back from DhamraiAkij Foods and Beverage Ltd (AFBL), a sister concern of the Akij Group, is exporting soft drinks to the international market for the first time by a Bangladeshi company."We are exporting three brands of our soft drinks...
FE ReportThe indices on the Dhaka Stock Exchange (DSE) Tuesday marginally gained following increased buying by investors. But the total turnover on the day declined.Market operators said the prices of shares on DSE dipped for two days in a row...
FE Report Bangladeshi expatriates remitted US$567.71 million in the first month of the current fiscal. The amount is 37.52 per cent higher than the corresponding period of the last fiscal, official sources said. The remittance in July was a continuation...
FE ReportThe US dollar posted slight gains against the Bangladesh taka (BDT) Tuesday in the inter-bank foreign exchange market due to higher demand for the greenback, fund managers said.The exchange rate of the dollar against the BDT moved between the...
Doulot Akter MalaThe National Board of Revenue (NBR) Tuesday issued a clarification on its Statutory Regulatory Order (SRO) number 98 that offered the opportunity to legalise undisclosed income with the payment of 5.0 per cent tax in addition to normal...
The Supreme Court Wednesday rejected a stay appeal filed by Rangs Bhaban owners against the Appellate Division verdict that ordered demolition of the major floors of the controversial building. The court, however, said the bottom seven storeys excluding the basement...
A court Monday handed down 13 years in jail and a Tk 1.0 million (10 lakh) fine to Firoz Miah, trade union boss of state-run Bangladesh Telegraph and Telephone Board (BTTB), reports bdnews24.com.He will have to suffer another year in...
CHITTAGONG, Aug 6: The long-awaited 'Window Berthing' system at the seaport was introduced Monday. Chairman of the Port Authority Commodore M Faruq inaugurated the new berthing system at noon with unloading containers from a ship, 'Markera Bridge', a Singapore flag...
A minor earthquake, measuring 3.8 on the Richter scale, jolted the capital Monday. The epicentre of the tremor that was felt at about 16 hours 35 minutes 01 second (BST) was about 73 kms from Agargaon, Dhaka Seismic Observatory. —...
A youth was run over by a bus in the city's Mohammadpur area Monday morning. The deceased was identified as Arif (18), son of Falu Mia, of Sultanganj in Rayer Bazar. Local sources said the speeding bus ran over Arif...
Summit, a local private sector electricity generating company, and Wartsila Corporation of Finland, a top manufacturer of gas-based generators, have singed a contract for supply of 12 units of small power plants, each of 8.73 MW engines, totalling 104.76 MW....
S M JahangirAll the relevant government agencies will sit tomorrow (Wednesday) to work out a comprehensive rehabilitation programme, aiming to help recoup the possible losses due to the ongoing devastating floods, sources said.The meeting is expected to discuss the government's...
FE Report The Bangladesh Bank (BB) has asked the commercial banks for taking preparations to disburse agricultural loan as soon as the floodwater recedes. The instruction came at a meeting of the committee on agro-credit supervising and monitoring held at...
FE ReportLabour and employment adviser Anwarul Iqbal has warned readymade garment (RMG) factory owners of legal action against failure to implement the government-declared minimum wages for their workers by August 31.The government on October 21 last year announced the minimum...
FE Report Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Mir Nasir Hossain urged the government Monday to declare the money spent on relief activities for the flood affected people as tax-free. Addressing a press conference at the...
A band of 24 young men were arrested at Zia International Airport (ZIA) as 'suspected militants' when they were about to fly for Afghanistan through India Monday, immigration sources said, reports UNB.The suspects, all in the 15-20 age group and...
COLOGNE (Germany), Aug 6 (UNB): Asia Energy (Bangladesh) Corporation Ltd. wants to apply the same open pit methodology in its Phulbari coal mine project that was applied by Germany's RWE at a coal mine in Cologne.RWE is one of Germany's...
The government returned a central bank proposal to establish a separate pay scale for its employees, saying it needed further scrutiny, said the finance adviser Monday, reports bdnews24.com. Finance Adviser AB Mirza Azizul Islam said, "We've asked for the proposal...
FE ReportThe moderate demand for the US dollar compelled the greenback to move in steady level against the Bangladesh taka (BDT) Monday in the inter-bank foreign exchange market, fund managers said.The exchange rate of the dollar against the BDT repeated...
Naim-Ul-KarimThe National Board of Revenue (NBR) will soon issue transfer orders to more than one hundred officials and employees to bring dynamism in its administration."We are going to issue transfer orders to some 120 officials and employees soon," a senior...
Detained Awami League (AL) president Sheikh Hasina may be allowed to see her ailing husband MA Wazed Miah at Square Hospital today (Tuesday).DIG(Prisons) Major Shamsul Haider Siddiqui told UNB they have received former Prime Minister Sheikh Hasina's application Saturday night...
FE ReportThe National Coordination Committee for Development of Jute and Jute Economy has sought immediate government interventions to save the livelihood of retrenched workers of jute mills of the country.The committee at a meeting in the city Sunday also urged...
The Supreme Court Tuesday revived Bangabandhu Sheikh Mujibur Rahman murder case proceedings, after a freeze of five years. The Appellate Division has started hearing a series of appeals for permission to move against the High Court's death sentences handed down...
THE flood water has started receding from northern, eastern and north-eastern districts leaving a trail of devastation there. It is now repeating the same act in the middle part of the country affecting the life of millions and destroying standing...
Zaidi SattarINFLATION, like the floods, has a habit of returning. On a point-to-point basis, June inflation has reached 9.0 per cent, with food inflation hitting double digits. Inflation hurts the poor more than the rich; food inflation hurts the poor...
Raphael Minder from Hong Kong quoting Moody's latest reportASIAN banks should be able to weather the downturn in US credit markets because of their limited exposure to the subprime mortgage market, according to Moody's, the ratings agency.In a report, Moody's...
Ahmed Showkat MasudTHE investors in the capital market in our country do not make investment decision by reading and understanding the prospectus in most cases. Because they are not educated enough to make investment decision by analysing the information furnished...
THE Chief Adviser's call to the nation to face the flood unitedly, irrespective of political affiliations, is very timely. Nearly one hundred people drowned in floodwater and 37 have gone missing since the flooding began in mid-July. More than half...
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