Shahiduzzaman KhanYET another report on irregularities in Biman revealed the national flag carrier's pitiable state of affairs. It appeared that the Biman was never allowed to operate independently and its key management personnel were involved in corruption and irregularities in...
Joe LealyIF you asked someone in which country Standard & Poor's has the most staff, few would guess India.But in fact almost 50 per cent of the US-based credit ratings agency's global staff are there: 1,500 at local affiliate Crisil...
Andrew Ward, Stephanie Kirchgaessner and Eoin Callan CONCERN about turmoil in the credit market erupted on to the presidential campaign trail recently when Hillary Clinton called for tougher regulation of mortgage lenders and support for homeowners.The frontrunner for the Democratic...
THERE is no shame in taking generous international help when confronted with a natural disaster which may partly or fully overwhelm national capacities. Even the developed and fast developing countries in the world, take international assistance when they suffer natural...
Hard observers at field levels know it that the official family planning programme is not running well. The door to door visitors of the family planning department to households are hardly seen doing their job. Although they are paid from...
Notwithstanding the exporting of the hilsa fish in the past, the same used to be also smuggled out for that was considered a more profitable venture avoiding all regulations and payment of duties to the authorities. The official volume of...
Tom EngelhardtWITHDRAWAL is now so mainstream. Recently, debate about it led to a sleep-in protest in the Senate and, this week, it's hit the cover of TIME Magazine, of which there's no mainer-stream around. The TIME cover couldn't be more...
Mario Osava from Imperatriz, BrazilThe babaçú, an abundant native palm tree in the eastern Amazon and in the north and northeast of Brazil, has great potential for the production of "biodiesel" and biomass fuel, but the women who make their...
Ashfaq Yusufzai from PeshawarTaking advantage of the United Nations-facilitated Afghan Transit Trade Agreement (ATTA), a massive contraband trade has grown around goods imported into Afghanistan and smuggled back into the markets of this frontier town in Pakistan. Mohammad Fida, owner...
PARIS, Aug 11 (AFP): US home loan woes caused more turmoil on world markets Friday despite the tens of billions of dollars released by central banks to stop the problem turning into a global economic crisis. London's FTSE stock market...
FE Report The 114th board meeting of Standard Bank Limited (SBL) was held at its head office in the city recently. Chaired by SBL board of directors' Chairman Kazi Akramuddin Ahmed, the meeting was attended, among others by Vice-chairman Mohammad...
NEW DELHI, Aug 10 (PTI): Economic think-tank NCAER yesterday raised the forecast for the country's economic growth in this fiscal to 8.53 per cent in the backdrop of good corporate performance and expectations of higher farm sector growth. "The revised...
FRANKFURT, Aug 11 (AFP): The European Central Bank (ECB) pumped more money into the Eurozone banking market yesterday in response to fears over the US housing sector, taking its cash injections to 155.85 billion euros (212.98 billion dollars) in two...
NEW YORK, Aug 11 (PTI): Two United Nations agencies have launched an ambitious USD 44 million programme to reduce female genital mutilation and cutting (FGM/C) by 40 per cent by 2015 and to end the harmful traditional practice within a...
LONDON, Aug 11 (AFP): Global commodity prices slumped in the last week as speculators rushed to bank profits amid concern that demand for oil and metals will slide should the world economy dampen because of the US housing crisis. "All...
MUMBAI, Aug 11 (Reuters): Indian vehicle makers are joining the global race to make less-polluting greener vehicles, teaming up with international firms and pouring money into research that could result in commercially viable technologies quickly.Petrol and diesel are used overwhelmingly...
NEW YORK, Aug 11 (AFP): The US dollar fell against the euro and the British pound yesterday as fears about the US mortgage market and a related credit crunch unsettled financial markets. Analysts said the dollar weakened partly as some...
ABU DHABI, Aug. 11 (Xinhua): Etisalat, the telecom giant of the United Arab Emirates (UAE), will bid for Qatar's new mobile and fixed line licenses in a move to expand in the Gulf country's telecom market, local newspaper Gulf News...
NEW YORK, Aug 11 (AFP): World oil prices were mixed yesterday, with a barrel of Brent falling below 69 dollars for the first time since June, on concern that energy demand may weaken amid the US subprime crisis. New York's...
BIRMINGHAM, Aug 11 (Reuters): An Ohio real estate developer has purchased Valleydale Marketplace, a shopping center anchored by Winn-Dixie on Valleydale Road. Midland Atlantic acquired the 64,000-square-foot center late last month for an undisclosed amount. The center is 85 per...
CONNECTICUT, Aug 11 (Bloomberg): Goldman Sachs Group Inc.'s $8 billion Global Alpha hedge fund has fallen 26 per cent so far this year, a decline that may prompt more investors to withdraw their money, according to people familiar with the...
NEW YORK Aug 11 (Bloomberg): Central banks in the US, Europe, Japan, Australia and Canada added about $136 billion to the banking system in an attempt to avert a crisis of confidence in global credit markets. The Federal Reserve, in...
The Bangladesh Handloom Board (BHB) is likely to allocate Tk 200 million (20 crore) as grant for the flood-affected 50 to 70 thousand small weavers, according to sources, reports BSS.The sources have indicated that a rehabilitation package including the grant...
FE ReportThe 7th annual general meeting (AGM) of Islami Insurance Bangladesh Limited was held at its head office in the city recently.Chairman of the company Mohammad Sayeed presided over the AGM.The AGM was attended, among others, by vice chairmen M...
FE Report Emirates' has won the much-coveted Skytrax-2007 Best Airline In-flight Entertainment Award for the third time. The award is a result of the world airlines survey conducted between August 2006 and June 2007, and is based on the responses...
FE ReportStandard Chartered Bank has recently launched a Depositary Participant Services (DPS) for its retail customers.Standard Chartered Bank Chief Executive Officer Osman Morad handed over the first two welcome packs to two of the priority customers at a function at...
FE ReportMosharref Hossain, one of the sponsor directors of Mercantile Bank Ltd, has been elected first vice chairman of the bank recently.Mosharref is closely involved in print industry. He is one of the directors of Toka Ink (BD) Limited and...
FE ReportA number of corporate bodies and banks, including Grameenphone Ltd (GP), Islami Bank Bangladesh Limited (IBBL), Shahjalal Islami Bank Limited (SJIBL), Mutual Trust Bank Limited (MTBL) and Beximco Pharmaceuticals Limited (BPL), have been continuing their relief activities among the...
Sarwar Zahan US dollar ended stronger against Bangladesh taka (BDT) last week in a moderately active market that witnessed lower demand for the greenback. The exchange rate of the greenback fluctuated between Tk 68.52 and Tk 68.60 against the previous...
FE Report Dutch-Bangla Bank Limited (DBBL) began a seven-day orientation course for the newly recruited assistant officers of the bank at the DBBL Training Centre in the city Saturday. DBBL Managing Director Md Yeasin Ali inaugurated the course as the...
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