FE ReportThree trade bodies on textile sector have urged the government to withdraw the proposed 10 per cent import duty on textile capital machinery in the budget for fiscal 2007-08.In post-budget reactions Monday, the Bangladesh Textile Mills Association (BTMA), Bangladesh...
FE Report The World Bank has expressed its interest to support the government initiative to improve the social protection system by strengthening the rural and urban safety net programmes in order to reduce vulnerability of the ultra-poor in the country.'The...
At least 11 people were killed in lightning in three districts Monday amid bursts of cloud as a calamitous weather prevailed over the country, reports UNB.According to reports, seven people were killed in Cox's Bazar and two each in Brahmanbaria...
FE ReportThe inter-bank call money rate marked rise Monday due to recurrent pressure on liquidity caused by post- withdrawal of cash Sunday through reverse repurchase agreement (repo), treasury bills and T & T bonds on liquidity, fund managers said. The...
FE ReportThe indices on the Dhaka Stock Exchange (DSE) Monday, fell and the turnover declined significantly.Market operators said the prices on the DSE fell mainly due to fall in price of the issues under banking sector, power, and mutual funds....
The government Monday approved the import of 75,000 tonnes of fertilisers by the state-run Bangladesh Chemical Industries Corporation (BCIC), as there have been reports of shortage of the farming input in different parts of the country, reports UNB.Officials said the...
The government has approved an allocation of Tk 900 million (90 crore) for Bangladesh Rifles (BDR) to help intensify its drive against price-hike of essentials, reports UNB."The allocation is for import and supply of 3-4 essential items," Finance Adviser Mirza...
THE administration in Bangladesh is infamous for its habit of foot-dragging on issues of national importance. The country has lost many golden opportunities because of the delay in taking timely decisions. The political leadership and the bureaucracy -- both --...
Qazi AzadPUNDITS on economics theorize an idea with a qualifying statement to characterize the situation under which the idea will hold good. "Other parameters remaining constant" is the language of the usual qualifying statement. This is how they acknowledge that...
Philip Stephens AMERICA'S Republicans do not know how to win in Iraq. The Democrats are gripped by the fear that they might be blamed for losing. Thus the war that has broken George W. Bush's presidency now tortures his political...
Abdus SobhanIT is surprising that the Ministry of Environment and Forest issued a circular for relocating different industrial units in the Dhaka-Bhaluka belt in 1999 and the gazette notification in this respect was published after almost seven years in 2006....
THE recently announced proposed budget for the fiscal year 2007-08 has been receiving both appreciation and criticism. Most of those who have appreciated the budget have described it as a major challenge for the government to manage funds for successfully...
ONE of the many good things the present administration did was the step to enact necessary law banning party affiliated student politics. Everybody knows the two main party affiliated "student" political organisations in the universities and colleges are the breeding...
Syed L. Ali Bahram and Professor M. Shamsul HaqueIDENTIFICATION of flows of existing measures and development of a consensus on issues relating to measurement of food security, vulnerability and poverty as well of food production and distribution remain a political...
Amitava BasuPOVERTY remains an enormous problem worldwide. Within the developing countries, about one-third of the population live on less than US $1.0 a day, which as defined by the World Bank (WB) is the benchmark for poverty level. The Millennium...
Syed JamaluddinAT the time of every budget, proposals are floated for addressing the problems of the jute sector. Many arguments are advanced for assisting the jute sector. The main thrust of this proposal is on providing financial assistance to the...
ST PETERSBURG, Russia, June 11 (Agencies): Russian President Vladimir Putin called Sunday for creating an alternative to the World Trade Organisation (WTO) that would favour developing economies and suggested giving a greater role to regional currencies.Speaking at an economic forum...
TOKYO, June 11 (Reuters): Japan's economy outperformed both the United States and the euro zone in January-March for the second straight quarter, reinforcing expectations the Bank of Japan (BoJ) will raise rates in August. The economy expanded by 0.8 per...
NEW DELHI, June 11 (PTI): Raising funds from international markets has caught the fancy of companies in the developing countries, including India, as they mopped up around 333 billion dollars last year and the pace is likely to intensify in...
GENEVA, June 11 (AFP): Consumer credit card lending in fast-growing Asian economies in recent years has been marked by sharp boom and bust cycles that can jeopardise financial stability, a report by the Bank for International Settlements said today. The...
ST PETERSBURG, Russia, June 11 (CEIS): China will manage to enhance economic cooperation with other members of the Shanghai Cooperation Organisation (SCO) on the basis of mutual benefit and a win-win situation, in a bid to promote common prosperity of...
KATHMANDU, June 11 (Xinhua): Nepal's trade deficit continues to widen, as it crossed 70 billion Nepali rupees (around 1.1 billion US dollars) during the first nine months of the current fiscal year 2006-07, local newspaper The Himalayan Times reported today....
NEW DELHI, June 11 (PTI): Pakistan and China are emerging as major east Asian tourist sources for India, as visitors inflow from both the countries registered a 31 per cent rise in 2005. About 88,609 people from Pakistan visited India...
MANILA, June 11 (AFP): The Philippine government is to establish a one-billion-dollar hedging facility to protect exporters from losses resulting from fluctuations in the exchange rate, a report said today. Finance Secretary Margarito Teves said the government-owned Development Bank of...
SINGAPORE, June 11 (AFP): Oil prices were flat to higher in Asian trade Monday, with US gasoline (petrol) supplies still the main issue being closely watched by the market, dealers said. At 2:40 pm (0640 GMT), New York's main contract,...
TOKYO, June 11 (AFP): The dollar was narrowly mixed in Asian trade today as the market waited for a batch of US economic reports amid fresh concerns about the outlook for inflation and interest rates, dealers said. They said the...
Tom Engelhardt in concluding part of his articleFrom 2003 to the present, the work building, maintaining, and continually upgrading these bases (and their equivalents in Afghanistan) has never ended. Though the huge base-building contracts were given out long ago, consider...
David Phinney from WashingtonThe U.S. Justice Department is actively investigating allegations of forced labour and other abuses by the Kuwaiti contractor now rushing to complete the sprawling 592-million-dollar U.S. embassy project in Baghdad, numerous sources have revealed. Justice Department trial...
Baradan Kuppusamy from Kuala LumpurAfter a landmark superior court decision downgraded secular law and constitutional guarantees against Islamic rules, a storm of protest has been building up as government and civil society rush to find a solution to the religious...
COUNTRY'S pharmaceutical sector has achieved impressive as well as enviable growth since the promulgation of the Drug Control Ordinance in 1982. The industry, which is now worth Tk.30 billion, in addition to increasing its share in the local market to...
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