FE Report Banks will have to make financial disclosures with off-balance sheet risks to public for ensuring their accountability and transparency, former Governor of the Reserve Bank of India (RBI) Bimal Jalan said in Dhaka Tuesday. "Banking has different characteristics....
Shakhawat Hossain The cabinet division has inquired about the progress in the adoption of the Money Laundering Prevention Act 2007. The adoption, according to sources, is being delayed due to bureaucratic complexities.In a letter to the Ministry of Finance (MoF)...
FHM Humayan KabirExporters and businessmen have claimed a loss of over Tk 4.0 billion in the country's frozen food sector due to recent devastating cyclone Sidr that hit the southwestern costal shrimp farming areas.They also feared the export earnings might...
The United Nations, European Commission (EC), Islamic Development Bank (IDB) and many countries have announced emergency relief packages for Bangladesh's cyclone victims, report UNB and BSS.The UN approved $9.0 million, while the EC euro 6.5 million, the IDB $2,00,000, Kuwait...
Relief workers and the armed forces including army, air force and navy intensified efforts Tuesday to reach millions of survivors after the cyclone that killed nearly 3,500 people along the Bay of Bengal, report bdnews24.com/Reuters. A huge relief operation was...
THE three-day long Bangladesh Apparel and Textile Exposition (BATEXPO) ended Saturday last. It fetched spot order from buyers valued at some US $53.43 million. A significant feature of the fair was that a large number of foreign buyers participated in...
Zaidi SattarTHE Dhaka bull is charging on. The DSE General Index just crossed the millennium mark of 3000 -- a lofty height once crossed briefly but precipitously in 1996. This time there seems no end in sight, notwithstanding all the...
Hong Kong QUESTION: what do Tata, Twenty20 and 20,000 have in common? Answer: mention any of the three Ts in the company of an Indian and be prepared for an animated conversation.Tata Steel, of course, this year clinched the £6.7bn...
Ahmed Showkat MajeedMASTER-servant relationship between an employer and an employee is now out of tune. Global competition has empowered the employees more than ever before. Wages are related to employees' productivity. Better facility from employers can ensure better performance of...
THERE are many determinants of foreign direct investments (FDIs) such as a positive macro-economic environment, sound state of infrastructures, easily trainable workers, good terms and conditions for repatriation of capital and profit by the investors, etc. Bangladesh is not lacking...
Mahathir Muhammed, a former Prime Minister who ran Malaysia for 22 years was an elected leader.Malaysia under Mahathir did not seek to become a military power inviting foreign concern and intervention. He transformed Malaysia from a poor and developing nation...
Tom Engelhardt Georgia's on my mind. Atlanta, Georgia. It's a city in trouble in a state in trouble in a region in trouble. Water trouble. Trouble big enough that the state government's moving fast. Just this week, backed up by...
Barney Jopson from Nairobi IT was only when arrows began to whizz past the head of William Ruto, a leading light in the Kenyan opposition, that it became clear just how close the race to be the country's next president...
LONDON, Nov 19 (Reuters): Asia, home to nearly two-thirds of the world's people, must take urgent action to lessen the effects of climate change but needs considerable help from rich nations elsewhere, a report said today. "Up in Smoke? Asia...
KLEINMOND, South Africa, Nov 19 (AFP): Leaders of the world's 20 largest economies stressed yesterday the need for new energy supplies as global economic growth continues to stumble over high oil prices. Winding up a two-day meeting in Kleinmond, near...
BOSTON: The amount of money US employers and workers spend on health benefits will continue to rise at twice the rate of inflation next year, prompting an increasing number of employers to drop coverage for their employees, according to a...
SINGAPORE, Nov 19 (AFP): Singapore today raised 2007 growth targets to 7.5-8.0 per cent from 7.0-8.0 per cent after the economy grew at a faster pace in the third quarter on the back of a strong performance in the financial...
BEIJING, Nov 19 (Reuters): China has ordered banks to limit their lending until the end of the year as part of efforts to keep investment under control and prevent the world's fourth-largest economy from overheating, sources said Monday.The authorities routinely...
BANGKOK, Nov 19 (AFP): The state-run Bangkok Mass Transit Authority (BMA) announced today that one-third of its staff, or 6,000 people, would be laid off under a restructuring plan aimed at cutting huge losses. The largest ever job cut at...
NEW DELHI, Nov 19 (PTI): India and Pakistan will set up a joint study group to explore possibility of coordination in exports, particularly in sectors such as textiles. The group would comprise four members from the private sector and make...
KARACHI, Nov 19 (PTI): Textile mills in Pakistan have finalised contracts for importing about 0.7 million bales of cotton from India as part of measures to bridge the shortfall in domestic production, a media report said. The textile industry needs...
DUBAI, Nov 19 (PTI): Saudi Arabia is scouting for investment opportunities in oil refineries in Asia within the framework of the Riyadh Declaration to maintain oil supplies, a media report stated. Announcing this at a press conference in Riyadh yesterday,...
SYDNEY, Nov 19 (Reuters): Oil jumped more than $1 to above $95 a barrel today, as the dollar fell and some OPEC members pushed for action to stem their declining purchasing power. US light crude for January delivery the new...
FE ReportTsutomu Kikuchi, newly appointed Chairman of NYK Group South Asia Pte. Ltd.,(NGSA) and Keiji Ushiyama, Managing Director of NYK Line (Asia) Pte., from NYK Asia RHQ based in Singapore arrived in the city Sunday on a two day visit...
TOKYO, Nov 19 (AFP): The dollar was weak in Asian trade today in the wake of soft US economic news as investors wondered about the US Federal Reserve's interest rate policy action next month, dealers said. Trade moved in tight...
In most Sunday bazaars in Pakistan, the 20-kilogram flour bag was sold at Rs 285 as compared to the open market price of Rs 300 to Rs 305. Among other kitchen items, sugar sold at Rs 28 to 29 per...
LUSAKA, Nov 19 (Xinhua): Tea prices for Malawi continue to be low largely because the auction system in the country still has a low number of buyers, according to a report posted on the website of The Nation newspaper of...
MUMBAI, Nov 19 (BSS): Emphasising that the term 'business' has been misinterpreted by economists as just wealth creation, Bangladeshi Nobel laureate Muhammad Yunus Sunday called for establishing a 'social stock market' in which companies doing good for society will be...
FE ReportExport Import Bank of Bangladesh Ltd has recently signed an agreement with the Bangladesh Electronic Payments System (BEPS) for implementing VISA branded islamic card (both local and international).With the introduction of islamic card, the bank will be able to...
FE ReportThe Dhaka Chamber of Commerce and Industry (DCCI) expressed its deepest concern over the recent price hike of essential commodities including agricultural products. It is a grave and common concern for all that the prices are rising at a...
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