Shakhawat Hossain Striking a new deal with the International Monetary Fund (IMF) on replacement of the poverty reduction growth facility (PRGF) is likely to be delayed as the country needs more time to settle the issue, sources said.Such an intention...
The High Court (HC) Monday directed the government to explain in two weeks why it should not be stopped from pursuing a Policy Support Instrument (PSI) agreement with the International Monetary Fund (IMF), reports bdnews24.com.The court order came after Supreme...
FE ReportThe Asian Development Bank (ADB) has revised downward its projection about the growth of Bangladesh's gross domestic product (GDP) for fiscal 2007-08 to 6.5 per cent from 7.0 per cent."The recent floods that affected around 25 per cent of...
Army Chief General Moeen U Ahmed Monday said the present caretaker government is working relentlessly to rid the country of financial irregularities and corruption, reports UNB."The present government is working relentlessly to completely rid the country of financial irregularities and...
FE ReportThe Ministry of Agriculture (MoA) will soon submit a Tk 1.0 billion rehabilitation programme to help recoup the losses, suffered by the country's agriculture sector during two phases of flood recently."The second phase of flood in the country's different...
The case filed by the Anti-Corruption Commission (ACC) against former Prime Minister Khaleda Zia and 12 others has been brought under the Emergency Power Rules (EPR) meaning that the accused would not get bail, reports UNB.The ACC filed the case...
FE ReportThe government has frozen 35 fixed deposit receipts (FDRs) of former law minister Moudud Ahmed in 35 banks.Anti-Corruption Commission (ACC) and banking sources said the former BNP-lawmaker has invested Tk 27 million in those FDRs using some fake names.He...
COMILLA, Sept 17: Ten people, five of a family, were killed and 30 injured in separate fatal road accidents in the district Monday, in an almost unbroken chain of daily mishaps here. —UNB
Siddique Islam The Bangladesh Bank (BB) has formally informed the International Monetary Fund (IMF) that it will not tighten its monetary policy further aiming to spur economic activities in the country, which has been affected by recent floods. This was...
FE ReportGrameenphone Ltd (GP), the country's largest mobile phone operator, will continue to make large investments to expand network capacity to accommodate the increasing number of subscribers."It is important that the regulatory and tax regimes remain predictable and stable to...
Naim-Ul-KarimAbout 50,000 pilgrims of the country are unlikely to be able to perform Hajj smoothly this year escaping hurdles unless the government intensifies monitoring on preparation of Hajj from now on, sources said. They said the Ministry of Religious Affairs...
Malaysia Monday assured Bangladesh of investigating recent problems being faced by Bangladeshi workers in Kuala Lumpur, reports UNB."We've received the complaint and we'll have to investigate the matter," Malaysian High Commissioner Dato Abdul Malek Bin Abdul Aziz told reporters after...
FE ReportThe Bangladesh Bank (BB) has asked the four nationalised commercial banks (NCBs) for taking measures to improve their overall performances through improving management efficiency, official sources said.The central bank also directed the banks to update the inter-branch reconciliation, particularly...
Non-governmental organisation BRAC may rethink its operation strategy in Afghanistan if the killing and abduction of its staff were "politically motivated", a top official said Monday, reports bdnews24.com. "If the killing and abduction of our staff are politically motivated, we...
Sarwar ZahanBangladesh Telegraph and Telephone Board (BTTB) will introduce a new phone service, for which the receiver will be charged, instead of the caller, BTTB sources said.The board will target enterprises, corporate bodies, companies and business organisations subscribing to BTTB...
FE ReportThe government is likely to take initiatives for replacing the diesel-run irrigation pumps with locally developed CNG-run ones in order to saving huge fund spent on diesel consumption.Official sources estimated that such replacement would save over Tk 20.00 billion...
FE ReportShare prices recorded fall for the second consecutive day Monday with a less-than-usual trading activity on the country's main bourse -- the Dhaka Stock Exchange (DSE). Prices of most shares under banking, insurance, power and pharmaceutical sectors declined on...
FE ReportThe US dollar was steady with upward bias against the Bangladesh taka (BDT) Monday in the inter-bank foreign exchange market with stable demand for the greenback. The inter-bank call money rate remained unchanged despite withdrawal of cash through reverse...
Senior Awami League (AL) presidium member Syeda Sajeda Chowdhury Monday lent her strong voice to breakaway leader Kader Siddiqui in urging the caretaker government (CG) not to allow Jamaat-e-Islami to participate in elections and bring them to justice for opposing...
Norway will contribute US$ 1.0 million (Tk 7.0 crore) for the 'Preparation of Electoral Roll with Photographs (PERP)' project in support of government effort to hold a credible, safe and fair election. Norwegian Ambassador in Bangladesh Ingebjørg Støfring and United...
Head of Asia Division of Japan Foreign Ministry, now in Dhaka to see current political developments, said that Japan favoured early restoration of democracy in Bangladesh.Director General for South East and South West Asia of Japan Foreign Ministry Chihiro Atsumi...
After apparent refusal by LDP leader AQM Badruddoza Chowdhury to return to BNP in the changed political scenario, leaders of both factions of the Bangladesh Nationalist Party (BNP) Monday said they didn't make any formal contact with the former President...
Detained Awami League (AL) President Sheikh Hasina's income-tax lawyer Khondoker Moniruzzaman Monday met her at the makeshift jail on the Jatiya Sangsad Bhaban premises to verify her income-tax return, reports UNB."We just came here to show her (Hasina) statement on...
RAJSHAHI, Sept 17 (UNB): Chief Metropolitan Magistrate (CMM) court here Monday issued warrant of arrest against the editor, publisher and a reporter of the Daily Prothom Alo for ignoring the summon to appear in a defamation suit.Rajshahi City Corporation (RCC)...
The Supreme Court Tuesday ordered the government to complete all procedures of separating the judiciary from the executive by Oct 31. A full bench of the Appellate Division, headed by chief justice Md Ruhul Amin, issued the order. The government...
Dhaka University Professor Nimchandra Bhowmik was sent to jail after he surrendered to court Tuesday as he has been facing an arrest order in connection with the August rioting on the campus. Bhowmik, provost of Jagannath Hall, is the second...
A Dhaka court Tuesday cleared former president HM Ershad of charges in the Gold Smuggling Case. First additional sessions judge Md Abul Bashar handed down the verdict, which had been deferred several times earlier. "I have got justice," Ershad, chief...
The International Monetary Fund backed away from plans to implement a controversial Policy Support Instrument deal Tuesday. "It is up to the government of Bangladesh to decide how it wants the IMF to help with reform efforts, and we look...
HOW much cash earning from a crop does actually generate a reasonable amount of profit for it to be called a cash crop? This is a matter that merits an in-depth review and consideration to appreciate the situation in the...
Shamsul Huq ZahidYet another violent incident rocked the Dhaka Export Processing Zone (DPEZ) at Savar last Friday, leading to suspension of operations in all units there for a couple of hours. Garment workers enraged by a rumour about the 'killing'...
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