Metropolitan magistrate Md Mizanur Rahman Thursday permitted the Anti-corruption Commission (ACC) to quiz detained Awami League (AL) general secretary Abdul Jalil in hospital, reports bdnews24.com. The decision follows an appeal from the Commission's deputy director Md Enamul Huq Chowdhury who...
FE ReportEconomists said Thursday that the government would need to open up fertiliser distribution system to ensure increased supply of the input in the coming Rabi and Boro seasons to overcome the losses caused by the recent deluge."If adequate fertiliser...
FE ReportThe Metropolitan Chamber of Commerce and Industry (MCCI) urged the government to take into consideration the concerns of the business community in taking the final decisions on some crucial issues of the Bay of Bengal Initiative for Multi-Sectoral Technical...
Refayet Ullah MirdhaMost of the garment factory owners have completed paying the salaries and benefits to their workers on the occasion of Eid-ul-Fitr festival by Thursday as stipulated by the government.Talking to the FE, vice-president of the Bangladesh Garment Manufacturers...
M Azizur RahmanThe government signed Thursday agreements with all the selected bidders to set up ten independent small power plants (SPPs) for augmenting electricity supply across the country."The relevant government agencies of the power and energy sectors signed the agreements...
FE ReportTwo Bangladeshi construction workers were found murdered at a squatter house in Kampung Berembang, Jalan Ampang in Malaysia Thursday morning, the Star online of Malaysia said. It said a neighbour found the duo at about 8.15am when he went...
Doulot Akter MalaThe government is likely to declare 14 non-resident Bangladeshis (NRBs) as commercially important persons (CIP) on the basis of their investment, remittance and imports. It has, for the first time in history of Bangladesh, selected the CIPs to...
British novelist Doris Lessing won the 2007 Nobel Prize for literature Thursday for a body of work that looked unflinchingly at the ills of the society, and also inspired a generation of feminist writers, reports Reuters from Stockholm. The Swedish...
Bangladesh Telecommuni-cation Regulatory Commission (BTRC) has realised a part of a compensation of Tk 1.25 billion (125 crore) from Sheba Telecom (Pvt) Ltd, the operator of Banglalink mobile phone, for loss of government revenues due to the company's involvement in...
Naim-Ul-KarimWholesalers of low-priced clothes meant for distribution as 'Zakat' are going through a dull business as their sales have plummeted by nearly 50 per cent, market sources said.They said this year the wholesalers at the city's Islampur, Bangabazar, Islamiya Market,...
FE Report The Bangladesh Bank (BB) has identified some downside risks, including adverse impact of oil price and commodity price hike in the global market, in the economy during the current fiscal. "In light of the recent floods, the near-term...
FE ReportFinance and Planning Adviser AB Mirza Md Azizul Islam Wednesday stressed the need for increasing the prices of gas, power and fuel oil to bring discipline to the national budget and help in reducing its deficit."The subsidy-based financing of...
Shahiduzzaman KhanWith the second phase of the floods, damage to aman crop and a global rise in the price of basic food commodities, the northern districts of the country are likely to face difficult times in the months ahead. Economists...
BNP secretary general Khandaker Delwar Hossain and joint-secretary general Nazrul Islam Khan stated in one voice that the proposed government of consensus for 10 years needed constitutional sanction and consent of the people, reports UNB.Talking to journalists at Delwar's NAM...
FE Report The National Board of Revenue (NBR) has rejected the latest move by former prime minister Khaleda Zia on disclosure of an additional undisclosed income of nearly Tk 4.0 million, sources said.The high-ups of the revenue board, which reviewed...
The government formed a Science and Technology Promotion Trust aiming to popularise science at grassroots level through various promotional activities across the country. In this regard, Chief Adviser Dr Fakhruddin Ahmed has approved a draft following an initiative of the...
The government formed a Science and Technology Promotion Trust aiming to popularise science at grassroots level through various promotional activities across the country. In this regard, Chief Adviser Dr Fakhruddin Ahmed has approved a draft following an initiative of the...
FE ReportGarment factory owners sought cooperation from the banks to solve the problem of salary and bonus payment to the garment workers within the stipulated timeframe set by the government.Earlier, the government urged the factory owners to pay the due...
FE ReportPrices of spices have soared in the local markets ahead of the Eid-ul Fitr festival.Market operators said spices have become expensive as their prices have gone up in the international markets and local transportation cost has risen."Since the weather...
FHM Humayan KabirThe Implementation Monitoring and Evaluation Division (IMED) has turned down a request for waiver of the Public Procurement Regulation (PPR) provision for the appointment of a consultant by the Asian Development Bank (ADB). The consultant will be appointed...
S M JahangirThe International Monetary Fund (IMF) has finally soften its stance on merger of the existing two large taxpayers' units (LTUs) - one for income tax and the other for value added tax (VAT).Rather, it is convinced of the...
Doulot Akter MalaThe energy ministry recently requested the government to waive the provision of tax-on-tax to salvage the Petrobangla, which is reeling under financial constraints due to mismatch between the procurement and selling prices of fuel.The ministry requested the National...
FE Report The International Telecommunication Union (ITU) has deployed 30 satellite terminals to help restore vital communication links in remote and underserved areas of Bangladesh, which has recently been ravaged by floods, an ITU press release said. Since the start...
FE Report City people have started heading home by all modes of transportation to celebrate the biggest Muslim festival -- Eid-ul-Fitr.All the bus terminals, launch terminal and train stations were crowded Wednesday with the home-bound passengers. But the rush of...
FE ReportThe government is ready to name chief executives for Sonali and Janata banks soon, ending the battle for securing the top posts of the two state-run entities."We've almost finalised selection of two persons to head Sonali and Janata," a...
Gerhard Ertl of Germany won the Nobel Prize in chemistry for research that increased scientists' understanding of how to clean car emissions and limit damage to the earth's protective ozone layer, according to Bloomberg. Ertl's work in surface chemistry helped...
Retailers have hoarded soft drink Coca Cola and Sprite supplied at reduced price during the Ramadan for windfall profit after the Eid day, reports UNB. Tabani Beverage slashed the price by Tk 10 to Tk 40 of 1.5 litre bottle...
Saudi Arabia's Prince Bandar, the would-be buyer of state-run Rupali Bank Ltd, is aiming to close the deal by November, a top aide to the prince said Wednesday, reports bdnews24.com. "To expedite this, a royal Saudi team comprising senior business...
The making of good -- and timely -- policies or readjustment or correction, amendments or extension thereof, are very important in the economic context of a country. The policy-related exercises are crucial to set the economy on a right track...
Ghulam MohammadTHERE are many people in Bangladesh of small means who would want their money to grow. They want to invest their money to this end but find no feasible outlets. Entrepreneurship is no doubt preferred as a way of...
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