S M JahangirThe government in cooperation with the multilateral funding agencies has speeded up the process of implementing the medium-term reforms programme in the country's power sector.A meeting was held Wednesday between the Power Division and the World Bank to...
Roula Khalaf, FT Syndication ServiceAs allegations that Saudi Arabia's Bandar binSultan was paid $1.0bn (£506m) from Britain's biggest weapons contract reverberated around the world, the wily, flamboyant man was nowhere to be found. He dropped out of sight weeks before,...
S M JahangirThe National Board of Revenue (NBR) is taking steps to recoup the possible revenue losses that might be caused due to the proposed enhancement of income-tax exemption limit.The government has proposed to raise the tax-exempted income limit for...
M Azizur RahmanThe World Bank (WB) is set to provide US$ 275 million (27.5 crore) for installation of a 300 mega-watt (MW) gas-fired peaking power plant at Shiddhirganj in Narayanganj to ease the countrywide nagging electricity crisis.Sources said the International...
Bangladesh Bank (BB) is expected to announce a tight monetary policy early next month, a senior official said Wednesday, reports bdnews24.com."We expect to make an official announcement by July 7. There will be no major shift from our present stance...
From Fazle RashidNEW YORK, June 20: The European Union (EU) which turns 50 tomorrow is mired in a mid-life crisis. Its biggest problem is economic, wrote a British analyst. Paralysed by the rejection of its constitution by France and the...
FE ReportA delegation of the Bangladesh Textile Mills Association (BTMA) met with Finance Adviser Mirza Azizul Islam Wednesday and requested him to withdraw the proposed import duty and value added tax (VAT) on raw materials and textile machinery for fiscal...
NY mayor quits Republican Party, eyes presidencyWASHINGTON, June 20(LAtimes): New York City Mayor Michael R. Bloomberg quit the Republican Party Tuesday, fueling speculation that the billionaire will shake up the presidential race by running as an independent.Bloomberg has been moving...
Naim-Ul-KarimAbout 2,100 officials and employees of the Biman Bangladesh Airlines (BBA), the national flag carrier, have sought voluntary retirement responding to the government offer for golden handshake.The deadline for application under golden handshake ended Wednesday, which was offered June 4.The...
The caretaker government Wednesday reshuffled the overstaffed Attorney General Office (AGO), firing most law officers appointed allegedly on political considerations during the immediate-past coalition rule, reports UNB.Confirming the changes, Attorney General (AG) Fida M Kamal, the principal government law officer,...
FE ReportStock prices on the Dhaka Stock Exchange (DSE) gained Wednesday amid a hefty turnover as the investors' buying spree continued.The turnover jumped to Tk 1.758 billion (175.8 crore) on the day from Tk 1.494 billion of the previous day....
FE ReportThe inter-bank call money rate was steady with upward bias Wednesday despite withdrawal of cash through reverse repurchase agreement (repo). The market remained active, fund managers said. The rate moved between 6.50 per cent and 10.50 per cent against...
Noted journalist and a former director of Press Institute of Bangladesh (PIB) Hedayet Hossain Morshed died of kidney ailment at Kidney Hospital and Dialysis Center in the city Monday night, reports BSS.Morshed, 65, during his long career, served various prestigious...
Md Nurunnabi and Suraiya Begum have been appointed members of the Public Service Commission, the government said in a statement Wednesday. The establishment ministry Wednesday issued a circular on the appointments. Md Nurunnabi had earlier served the Labour and Employment...
BARISAL, June 20: The district administration here is taking steps for early rehabilitation of small traders affected in the recent eviction drives. Deputy Commissioner Manzoor-e-Elahi said they have received instruction from the Land Ministry for immediate rehabilitation of the traders...
SIRAJGANJ, June 20: Seven passengers were killed and 35 others injured in a head-on collision between a bus and a truck at Konabari under Kamarkhand Upazila in Sirajganj district Wednesday. The identities of the deceased could not be known immediately....
THE very unimaginable was detected only recently at the fuel oil depot of the Bangladesh Petroleum Corporation (BPC) at Fatullah, Narayanganj. One 9,000 litre tank lorry was found to have only water as its whole cargo instead of diesel. After...
Qazi AzadONE young reporter of a local TV channel enthusiastically claimed in one of his news reports last week, "This country offers a good opportunity for the micro-credit". What he was actually saying is that poverty is still so dismally...
Fazle Rashid BANGLADESH happily is not in the list of 'failed state'. Iraq is ranked as the most unstable country in the world behind Sudan. Failed State Index compiled by Foreign Policy magazine the Fund for Peace has ranked Afghanistan...
Geoff DyerIF China were to choose a new symbol for its national flag, an architect joked recently, the competition would be between a crane and a bulldozer.Cities like Beijing and Shanghai have been growing rapidly for more than a decade...
A recent report disclosed that Bangladesh companies participated in the Seoul Fair received confirmed export orders of $0.29 million and prospective orders of $ 3.5 million. It said Bangladesh pavilion was the second largest in the fair in which nine...
The traffic system of Dhaka is still in a mess in the absence of proper enforcement of laws and rules by the authorities concerned. The Dhaka Metropolitan Police (DMP) has banned honking in some important and busy streets of the...
The Election Commission (EC) has decided to open voter registration desks at the embassies for expatriate Bangladeshis to enlist them as voters. Election Commissioner Muhammad Sahul Hossain disclosed this Tuesday saying that Bangladeshis would register and get listed in the...
The country has been broadening cooperation with Myan-mar in a number of areas including trade and agriculture.Foreign Affairs Adviser Iftekhar Ahmed Chowdhury said this while talking to reporters after holding a meeting with Myanmar Ambassa-dor in Bangladesh Nyan Lynn in...
Awami League presidium member Motia Chowdhury slammed Law Adviser Mainul Hosein Monday for his statement that Bangabandhu murder convict AKM Mohiuddin could appeal before the court against the verdict. Mohiuddin, sentenced to death in absentia for his role in the...
Mosaddeq Ali Falu, former BNP lawmaker, who underwent grilling for eleven days, was allowed another four days' police remand Tuesday.Chief Metropolitan Magis-trate (CMM) court allowed the remand when police produced Falu before it and sought seven days' remand in connection...
Former telecommunications Minister Mohammad Nasim was indicted Tuesday by the makeshift Special Judge's Court in a graft case, fixing June 26 for commencing a fast-speed trial.The charge hearings in the WorldTel-scam case were, however, delayed by four and a half...
FE ReportThe 18th annual general meeting (AGM) of BASIC Bank Limited, a 100 per cent state-owned bank, was held at its head office in the city recently.The AGM declared 38.35 per cent dividends (Tk 360.24 million) comprising 32.00 per cent...
FE ReportDutch-Bangla Bank Limited (DBBL) and Commercial Bank of Ceylon (CBC), Bangladesh signed an agreement for ATM sharing at the former's head office in the city Monday.Under the deal, clients of the CBC will be able to withdraw money from...
Association for Law Research and Human Rights (ALERT), a human rights watchdog, will hold a roundtable on the proposed budget for the fiscal 2007-08 at the National Press Club in the city today (Wednesday).Eminent economist and former finance adviser of...
© 2025 - All Rights with The Financial Express
