FE Report The Bangladesh Bank (BB) has decided to stop opening letters of credit (L/Cs) by "fake" sister concerns of a single business group to put a lid on the "innovative" forgery in the banking sector.The decision came following a...
The monsoon floods that devastated the country's 38 districts for over a week cost the fisheries sector alone Tk 2.0227 billion (202.27 crore) in fish damage, reports UNB."Some 32,620 metric tonnes (mts) of fish, 583 mts of shrimp and 462.20...
S M JahangirNon-governmental organisations (NGOs) working in Bangladesh are yet to draw sufficient foreign fund for the current flood-related relief operations and rehabilitation activities.Expressing their worries over the poor inflow of foreign donations for the country's flood victims, officials of...
Government officials said 16 more people were reported to have died in 24 hours until 11:00 am Friday taking the death toll to 226 in the current flooding across the country, reports UNB.The death toll was 210 until Thursday morning,...
Major political parties including Awami League and BNP have buried the debates with the government over using party banners to launch relief operations among the flood victims, reports UNB.Under the state of emergency, the government prohibited use of party banners...
Jasim Uddin Haroon Around 535 garment factories out of about 4000 in Dhaka and Chittagong went out of operation during the last seven months, according to a survey carried out by the Bangladesh Garment Manufactures and Exporters Association (BGMEA) recently."We...
FE Report The National Board of Revenue (NBR) has clarified its July 31 announcement regarding disclosure of earlier undeclared income and assets to dispel any confusion among the people. The directives of NBR for declaration of the undisclosed income and...
Amy Yee, FT Syndication ServiceNEW DELHI: Humanitarian aid intended to help nearly 20m victims of India's worst floods for years is in danger of being siphoned away by corruption, according to human rights activists.Altogether, more than 30m people across India,...
TOKYO, Aug 10(Agencies): Asian stocks plunged Friday as fallout spread across the region from global market turmoil set off by a US mortgage problem. News that the US, Eurozone, Japanese and other central banks had pumped massive amounts of cash...
Saudi King Abdullah ordered the Ministry of Finance to provide immediate assistance of $50 million to Bangladesh that suffered huge losses of human life and property in the current floods. Quoting a statement of the Royal Court on Thursday the...
A cooperative marketing, initiated by a group of young professionals, was introduced in the city Friday to ensure fresh and organic foods at a reasonable price for the consumers. The organisers jointly inaugurated a stall, first of its kind, at...
A grocery owner was crushed under the wheels of a bus while crossing the road in city's Pallabi area Friday morning. The dead was identified as Belayet Hossain Manik, 30, son of late Abdur Rahim of Daulatpur village in Chatkhil...
FE Report Providing cash to people affected by the floods that have devastated parts of Bangladesh, India, and Nepal is one of the most effective ways to help rebuilding lives and stimulate local markets, World Bank (WB) South Asia experts...
FE ReportPrime Finance & Investment Limited, a leading non-banking financial institution (NBFI), achieved an excellent growth in profitability in the first six months of 2007 calendar year.According to the company's unaudited half-yearly report, the company's pre-tax profit whopped 62.45 per...
Authorities are planning to allow detained former prime minister Sheikh Hasina to meet her ailing husband Wazed Miah outside the special sub jail without releasing her on parole, reports bdnews24.com. "The jail code does not allow taking any detained person...
Naim-Ul-Karim The targeted economic growth of Bangladesh is unlikely to be achieved if the country fails to catch up with the information and communication technology (ICT) revolution, for which a highly skilled and internationally-recognised work force is required, a study...
FE ReportStock prices on the Dhaka Stock Exchange (DSE) fell in the week ended Thursday amid price correction and withdrawal of netting facility of A-category shares.The daily average turnover further declined by 13.05 per cent to Tk 1.28 billion from...
David Pilling from Tokyo and Richard McGregor from Beijing, FT Syndication ServiceThe World Bank faces "an uphill task" persuading donor countries to meet its fundraising target of $39bn for the International Development Association, the bank's concessionary lending arm that provides...
CHITTAGONG, Aug 10 (BSS): BSCIC made a total of 536 jobless people in the district self-reliant by providing them with logistic supports like training and financial help amounting to Tk 1.70 million (17 lakh) in 2006-07 fiscal year, according to...
Voting for Indian VP poll comes to an endNEW DELHI, Aug 10 (PTI) : Polling to elect a new Vice President Friday came to an end with United Progressive Alliance (UPA)-Left nominee Hamid Ansari poised to emerge a clear winner.Though...
A broader campaign drawing on representatives from political parties, labour bodies, jute growers and workers, businesspeople, economists and civil society is on the cards to save the jute industry, reports bdnews24.com.Workers are being shot dead when they demand their overdue...
Armed bandits swooped on an inter-city train near Tejgaon rail station in the city Thursday night and looted cash and valuables from passengers, leaving eight people injured, reports UNB.Railway sources said eight bandits in masks got into a compartment of...
JOYPURHAT, Aug 10 (UNB): BNP Chairperson Khaleda Zia has called upon her party leaders and activists to remain united and asked them to increase their acceptance for winning the confidence of the people."Don't think about those who deserted the party....
The government has refuted press reports published in a section of dailies in the last few days relating to the appointment of deputy commissioners (DCs), reports BSS.In a statement, the government stated these reports were absolutely 'baseless' as the present...
Our CorrespondentRAJSHAHI, Aug 10: Mayor of the Rajshahi City Corporation (RCC) Mizanur Rahman Minu has submitted his wealth statement of Tk 11.50 million through the jail authorities. The Anti-corruption Comm-ission (ACC) through a notice on July 23 last asked Minu...
RAJSHAHI, Aug 10 (BSS): Preparation of the voters' list with photograph and National Identity card begins in all the 30 wards of Rajshahi City Corporation (RCC) area simultaneously tomorrow (Saturday).District Election Office (DEO) with the cooperation of Bangladesh Army is...
RANGPUR, Aug 10 (BSS): Police personnel and media personnel at a meeting here today stressed the need for mutual trust and cooperation in the greater national interest. The views exchange meeting titled 'Police and Media Relationship' for the police officials...
NEW DELHI, Aug 10: Controversial Bangladeshi writer Taslima Nasreen said Friday night she was "shocked" by the attack on her in Hyderabad by a Muslim group but had no intention of leaving India, which she described as her "second home"...
SYLHET, Aug 10 (UNB): Ten students of the Sylhet Polytechnic Institute were injured during a clash between the activists of Jatiyatabadi Chhatra Dal (JCD), student wing of BNP, and Islami Chhatra Shibir (ICS), student wing of Jamaat-e-Islami, here Thursday night.Institution...
CHITTAGONG, Aug 10 (BSS): The situation in Amin Jute Mills was normal today after Thursday's clashes between an unruly mob and police.Deputy General Manager of the mills Aminur Rahman said a peaceful situation is prevailing in and around the mills....
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