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...
Jo JohnsonPAYING villagers to dig holes and break stones is easier than undertaking the reforms that create sustainable jobs. Anyone who believed Rahul Gandhi's elevation to the rank of Congress general secretary signalled a push to "reinvent and modernise" India's...
Heba Saleh from CairoSAUDI reformers, businessmen and lawyers have welcomed a royal decree overhauling the country's archaic judicial system and allocating $2.0bn (£1.0bn, €1.4bn) for building courthouses and training judges.The Saudi system, administered by conservative judges trained in Islamic law,...
THE protection of the vital interests of consumers has been a long lingering unaddressed issue in Bangladesh. Asked to give their opinion on what things affect them most or is of great concern to them, there is no doubt that...
REPORTS about fishes being bred in sewer lagoons and marketed with unsuspecting people consuming the same day after day, appeared in the media some months ago. Law enforcement personnel then took some actions for the first time since this practice...
Dr. M. Azizur RahmanTHE economy of Bangladesh has been suffering from a double-digit inflation. A shortage of oil production or energy crisis world-wide, increase in energy prices and cost-of production in combination with a demand-pull inflation from expansionary economic policies...
Dr K. M. Nabiul Islam in the first part of a four-part articleFLOODS are important sources of disaster in Bangladesh. A total of 28 major river floods occurred in the past five decades. Flat topography, heavy rainfalls, geographical location, trans-boundary...
Andrew EnglandRISING drilling and riggings costs, combined with shortages of skilled personnel and equipment, are affecting hydrocarbon projects throughout the Middle East, with some being delayed and other contracts being renegotiated.Producers in the region, from Libya to Saudi Arabia, have...
GENEVA, Oct 10 (AFP): The World Trade Organisation (WTO) is expected to break its own rules by not holding a ministerial conference in 2007 given the low chances of securing a global trade deal by the year's end, trade sources...
SEOUL, Oct 10 (AFP): South Korea may improve its tariff concessions during next week's talks with the European Union to try to give the free trade negotiations fresh impetus, the commerce ministry said today. Talks began in May but the...
WASHINGTON, Oct 10 (AFP): The Federal Reserve's half-point rate cut last month came amid evidence of an "exceptionally weak" housing sector and risks of wider economic problems into 2008, minutes released yesterday showed. The minutes from the September 18 Federal...
BEIJING, Oct 10 (AFP): China has hit back at US criticism over safety problems in its products, saying nearly two per cent of American exports to the Chinese market are flawed, the Asian Wall Street Journal reported today. From January...
ISLAMABAD, Oct 10 (APP): Around Rs350 billion have been collected through 20 privatisation transactions during last three years.This was 72 per cent of the total amount (Rs475 billion) realised from privatisation since the Privatisation Commission was established around 16 years...
SINGAPORE, Oct 10 (AFP): Singapore's economy powered to 9.4 per cent growth in the third quarter, within market forecasts, putting it on track to meet the government's full-year targets, the trade ministry said today. Gross domestic product grew 9.4 per...
FRANKFURT, Oct 10 (AFP): The International Monetary Fund (IMF) has lowered its 2008 global growth forecast to 4.8 per cent from a previous estimate of 5.2 per cent, German sources told the news agency yesterday. The IMF slashed its estimate...
DUBAI, Oct 10 (PTI): Sri Lanka has set the minimum wage for its citizens employed as domestic workers overseas at USD 250 per month in an effort to stop employers from exploiting them. "The new wage scale will come into...
HONG KONG Oct 10 (MarketWatch): Hong Kong Chief Executive Donald Tsang pledged to cut corporate profit and salaries taxes Wednesday as part of a wider goal to return wealth to the populace at time of budget surpluses. In the first...
SINGAPORE, Oct 10 (AFP): World oil prices continued their volatility today, falling back in Asian trade after rising sharply in New York and London. Prices eased ahead of the US government's weekly report on American energy inventories expected later Wednesday....
TOKYO, Oct 10 (AFP): The dollar was stable in Asian trade on today as market players digested signs that the Federal Reserve may be open to further interest rate cuts, dealers said. They said the yen was on the back...
TEHRAN, Oct 10 (AFP): Iran and Pakistan have agreed to periodic revision of gas prices as part of a pipeline deal to to carry Iranian gas via Pakistan to India, the Isna news agency said on Tuesday, quoting the local...
SYDNEY, Oct 10 (AP): International banks dominate corporate and institutional banking in Asia with their market share growing to almost 70 per cent this year, according to a study. British banks HSBC Holdings and Standard Chartered Bank had the biggest...
WASHINGTON, Oct 10 (AFP): Heating costs for US households will take a bigger bite out of incomes in the upcoming winter season as energy costs hover near record levels, a government forecast showed yesterday. Households using natural gas are expected...
SEOUL, Oct 10 (AFP): Japan's largest automaker Toyota Motor is considering selling Toyota-brand models in South Korea, the head of its local unit said today. Ichiro Ogiso, chief executive officer of Toyota Korea, said the Japanese automaker is "definitely reviewing"...
FE Report BRAC Bank Limited has recently arranged a syndicated term loan worth Tk 620 million for Graphics Textiles Limited (GTL). The loan will be utilised to set up a knit composite textiles factory at Dhamrai.BRAC Bank is the lead...
The government is likely to sign deals with private sponsors in the third week of the current month to set up 10 small power plants across the country, reports UNB.The private-sector sponsors will set up the plants, each having 10-30...
FE ReportThe Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared the net asset values (NAV) of its three unit funds.The total NAV of ICB AMCL First Mutual Fund stood at Tk 145,667,131.64 on...
FE ReportEastern Bank Limited (EBL) opened an ATM booth at Lalkhanbazar Ispahani Building in the port city recently.EBL Head of Consumer Banking Mamoon Mahmood Shah inaugurated the ATM booth. Managing Director (MD) and CEO of the bank Ali Reza Iftekhar...
FE Report Prime Bank Limited (PBL) has donated Tk 2.0 million (20 lakh) for flood-affected people of Rangpur region of the country as part of its relief operations. Senior Vice-president and Head of Human Resources Division of the bank Md...
FE ReportHSBC Bangladesh donated winter vegetable seeds among the flood-affected farmers in Manikganj saving money not printing Eid greetings cards this year as part of its CSR activities.Every year the bank opts out of printing greeting cards for various special...
TRENTON, New Jersey, Oct 10 (Bloomberg): New Jersey's loss of residents to other US states more than tripled between 2002 and 2006, draining $10 billion in personal income from the economy and reducing tax revenue by $680 million, according to...
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