Commercial Bank of CeylonAugust 12 - August 16, 2007The third week of August saw some real volatility in the USD/BDT market, as most of the banks were paying their import obligations in the first three days. From the fourth day,...
Call rate remains steadySarwar ZahanThe inter-bank call money rate remained steady last week despite withdrawal of cash through reverse repurchase agreement (repo), treasury bills and Bangladesh Bank (BB) bills, fund managers said.The market experienced a higher demand for cash that...
PISCO, Peru, Aug 17 (AP): Rescuers searched intensely through the night into morning Friday, combing rubble for any survivors after a powerful earthquake devastated cities and sent a church's soaring ceiling tumbling down on hundreds of worshippers in southern Peru....
SEOUL, Aug 17 (AFP): Two female aid workers freed by Afghanistan's Taliban returned home Friday to South Korea, after learning for the first time that two fellow captives were killed during the nearly month-long ordeal. Kim Gi-Na and Kim Kyung-Ja...
WASHINGTON, Aug 17 (AFP): Anti-war Democrats Thursday accused President George W. Bush of plotting to lace a potentially pivotal report on his Iraq troop surge strategy with "White House spin." The attack came as senior congressional aides were reported as...
CHEBARKUL, Russia, Aug 17 (AFP): The presidents of Russia, China and four other Central Asian states attended unprecedented joint military exercises Friday, intended as a display of strength before the Western world. The vast show of firepower at a training...
SHENYANG, China, Aug 17 (AFP): Six-nation talks on North Korea's nuclear programme entered a second day here Friday, marking what the US envoy called a "tough" new phase in efforts to get the reclusive state to disarm. The working-level meetings...
PARIS, Aug 17 (AFP): A novel vaccine against the H5N1 bird flu could mean that far more people will be protected against the deadly disease in case of a worldwide pandemic, a study released Friday showed. In clinical trials, the...
ISLAMABAD, Aug 17 (Reuters): Pakistan's exiled former prime minister Nawaz Sharif has warned another former prime minister, Benazir Bhutto, against cutting a deal with embattled President Pervez Musharraf, saying it would dent her credibility. Musharraf, who is facing a deepening...
CRAWFORD, Texas, Aug 17 (AFP): US President George W. Bush's daughter Jenna, 25, is engaged to be married to long-time boyfriend Henry Hager, US First Lady Laura Bush's spokeswoman announced Thursday. The two got engaged in Maine, and no wedding...
SINGAPORE, Aug 17 (AFP): Singapore on Friday awarded its top military honour to the leader of Thailand's military junta, who seized power in a coup last year. General Sonthi Boonyaratglin, the commander in chief of the Thai army, received the...
STOCKHOLM, Aug 17 (AFP): The 2007 Nobel prizes will be announced between October 8 and 15, the Nobel Foundation said Friday, with former US vice president Al Gore, a Canadian Inuit and Bolivia's president in the running for the peace...
HONG KONG, Aug 17 (Xinhua): A nine-year-old child prodigy recently applying to study mathematics at universities in Hong Kong has obviously been a challenge.The Baptist University of Hong Kong said Thursday it had received part of March Boedihardjo's British A-level...
FE ReportLight to moderate rain across the country for the last couple of days compounded the miseries of the people in the flood-hit areas.Those were hoping to return to their homes soon following improvement in flood situation might have to...
M Azizur RahmanThe real estate business in the country is passing a dreary time due to tightening of the government's grip on policy measures coupled with price hike of construction materials in the local market.Sources said sale of both apartments...
Raihan M ChowdhuryThe recent Bangladesh Bank directive to maintain 1.0 per cent provisioning against off-balance sheet financings will have a negative impact on the country's listed banks at the time of disbursing dividends to the investors. Banking sector issues are...
Awami League (AL) chief Sheikh Hasina Friday expressed her wishes to talk by telephone with her expatriate son, daughter and sister at least once a week, reports bdnews24.com. She also wants to use a computer in the special jail, her...
FE ReportThe Bangladesh Bank (BB) has convened a special discussion meeting on inflation tomorrow (Sunday) as a part of its move to conduct more rigorous analysis on the current inflationary trend, according to BB officials.They say economists, researchers, finance officials,...
NEW YORK, Aug 17 (Agencies) : Stocks rose on Friday after the Federal Reserve unexpectedly cut the discount rate in a move to keep credit flowing, but market euphoria faded as investors questioned whether the Fed's action would be enough....
Raphael Minder from Hong Kong, Mariko Sanchanta from Tokyo and John Burton from Singapore, FT Syndication Service Politicians and central bankers across the Asia-Pacific region were out in force last Thursday seeking to reassure investors that a currency realignment and...
The National Board of Revenue, presently playing a tough guy with tax-delinquents, is thinking about making easier the payment of income tax if the taxpayers give a good response this fiscal year, reports UNB."We have already changed a lot in...
Army chief General Moeen U Ahmed has warned people of having to reel under five years of bad governance if they sell their votes in the upcoming elections, reports bdnews24.com.He was speaking at a view-exchange meeting at Rangpur Circuit House...
Doulot Akter MalaThe customs department of the National Board of Revenue (NBR) boosted revenue collection by 9.21 per cent at the outset of current fiscal, thanks to adoption of proper and timely measures, official sources said.In July, the department collected...
BNP Secretary General Abdul Mannan Bhuiyan Friday asked the Election Commission (EC) to make a correct voter list first and then hold talks with the political parties, reports bdnews24.com."According to their election roadmap, the Election Commission has 16 months before...
The National University Friday published the results of the degree pass, subsidiary and certificate courses of the year 2006, a press release of the university said. According to the results, a total of 24,465 or 60.85 per cent have come...
NATORE, Aug 16: Five people were killed and five others injured when a microbus, carrying a bridal party from Dhaka, plunged into the roadside water at Tebaria in the district town here Friday afternoon. Four of the deceased were identified...
The total capital investment in 261 operating industrial units in the export processing zones (EPZs) of the country increased to US$ 152.37 million (15.237 crore) during the last fiscal. Sources with the Bangladesh Export Processing Zones Authority (BEPZA) said enterprises...
Jasim Uddin Haroon The Board of Investment (BoI) expects investment worth US$1.8 billion from non-resident Bangladeshis (NRBs) living in Canada, the United Kingdom (UK) and Germany. BoI sources said the NRBs want to invest mainly in power, real estate, textiles,...
S M JahangirEmergency relief activities in flood-hit areas by non-governmental organisations (NGOs) have gained momentum over the past few days with the flow of funds from foreign donors."NGOs, working in Bangladesh, have finally intensified their relief operations in flood-hit areas...
A proposal to pump emergency funds to salvage the cash-strapped Biman did not get the go-ahead from the government even over the past two months, reports bdnews24.com quoting an official Friday. A second proposal made seeking four new planes to...
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