Matt WoolseyBuy a home in Monaco and you'll enjoy iconic beaches, glamorous casinos, a renowned arts and music scene, pulsating nightlife and boutique-packed boulevards. You'll also pay for it.That's because the Mediterranean principality tops the list of the world's most...
Doulot Akter MalaThe government has directed all its officials and employees to submit wealth statements by December 31 next to their respective ministries, departments and directorates.The ministry of establishment recently issued a circular in this connection.The circular, dated August 28,...
Shakhawat Hossain The International Monetary Fund (IMF) will attach top priority to reforms in the National Board of Revenue (NBR) during talks about a fresh deal on its role in advancement of Bangladesh's economy.An IMF team arrived in Dhaka Tuesday...
FE Report The government top brass will sit with the country's private sector groups today (Wednesday) to discuss whether any steps taken by the interim administration caused "erosion of business confidence." "We'll try to identify the government steps that might...
Shamsul Huq Zahid An International Monetary Fund (IMF) team, led by its Asia-Pacific region adviser Thomas Rumbough arrived in Dhaka yesterday (Tuesday) on a fortnight-long visit to discuss, among others, a Policy Support Instrument (PSI) deal with Bangladesh in a...
Demetri Sevastopulo from Washington and Richard McGregor from BeijingFT Syndication ServiceThe Chinese military hacked into a Pentagon computer network in June in the most successful cyber attack on the US defence department, say American officials.The Pentagon acknowledged shutting down part...
Refayet Ullah MirdhaThe Chief Executive Officer (CEO) of the premier Dhaka Stock Exchange (DSE) Limited, Salahuddin Ahmed Khan, said the total market capitalisation of the stock market will cross US$ 15 billion in the next year.He said the floatation of...
FE Report The eight-nation Asian Clearing Union (ACU) has sought opinions from trade bodies about introduction of Euro along with the existing single currency, US dollar, for settlement of regular payment among its member countries.Each central bank of the ACU...
FE Report Chairman of the world's leading technology heavyweight, Intel Corporation, Craig R Barrett announced Tuesday the launching of its World Ahead Programme (WAP) in Bangladesh to provide greater access to and affordable connectivity of internet to help the country...
The Bangladesh Nationalist Party (BNP) will not join dialogue with the Election Commission (EC) until party Chairperson Khaleda Zia is released.New BNP Secretary General Khandaker Delwar Hossain said this while briefing journalists at his NAM apartment in the city Tuesday,...
Former BNP lawmaker AKM Fazlul Haque Milon was arrested in the capital early Tuesday, a day after his party chief and ex-prime minister Khaleda Zia was held, reports UNB.Official sources said Rapid Action Battalion (RAB) personnel picked up Milon, also...
Law Adviser Mainul Hosein Tuesday said, Iajuddin Ahmed would continue as president in line with the constitution. "He (Iajuddin) will continue as before," Mainul said. The adviser referred to the constitution, saying it spells out clearly that the president "shall...
The low over west central Bay and adjoining northwest Bay off Orrisa-Andhra coast moved north and northwestwards inland and merged with monsoon axis and now lies over Orrisa and adjoining area. Under its influence deep convection is taking place over...
India has called for early and full restoration of democracy in Bangladesh, Indian daily Hindu reports. Reacting to the arrest of immediate-past prime minister Khaleda Zia Monday, a spokesperson for the Ministry of External Affairs said, "The early and full...
The disclosure by the Association of Travel Agents of Bangladesh (ATAB) that about one thousand overseas-bound Bangladeshi workers are now being forced to postpone their journey everyday due to shortage of flights of different airlines is a piece of shocking...
Qazi AzadTHE factor that decides the ultimate dynamics of a country is its social ensemble. The nature of this ensemble is patterned and regulated by the historical circumstances. It cannot be fully changed overnight, as it is rooted in the...
Amy YeeBACK in the 1970s, life in the US was the dream for many from different shores. Aditya's Sinha's parents were no different. Natives of Bihar, one of India's poorest states, they moved to New York in 1974 with him...
David Ibison WHEN Iraq's government was looking for advice on how to invest billions of dollars of future oil revenues in a way that would underwrite the nation's prospects without ruffling geopolitical feathers there was only one country it could...
In the editorial published in the September 02 (Sunday) issue of The FE, the existing paid-up capital requirement of banks was mentioned as Tk. 1.0 billion. Actually, the amount cover's individual bank's equity that also includes reserves. The inadvertent mistake...
Some of the private universities of the country hardly possess the characteristics of real campuses. Housed in small rented buildings, these appear more like coaching centres than as real universities. Some of these private organisations claim to be the franchises...
A recent report revealed that only two to three of the housing companies have the approval of Rajdhani Unnayan Katripakkha (Rajuk). The rest, the number of which is not less than 300, have been doing businesses illegally. They have so...
Kimia Sanati from Tehran Iran's key oil industry could plunge into crisis, oil experts have warned, if President Mahmoud Ahmadinejad does not urgently appoint a replacement for Seyed Kazem Vaziri Hamaneh who was sacked as oil minister two weeks ago...
James Rowley and Karen GulloMicrosoft Corp. will soon be free of a U.S. court decree imposed for anti-competitive behavior, just in time for a showdown with Google Inc. and others seeking domination in the ever-changing software industry. At stake are...
Mary Jane CredeurRoberto Goizueta, the late, legendary Chief Executive Officer of Coca-Cola Co., fueled a 39- fold surge in the company's stock by relying on its flagship brand: Coke. Now, after the U.S. market for soft drinks shrank for two...
SYDNEY, Sept 3 (AFP): Asia-Pacific leaders will this week press for the urgent revival of deadlocked world trade talks and urge crucial concessions from the major players, according to a draft statement seen today. Hailing upcoming negotiations in Geneva as...
GENEVA, Sept 3 (AFP): Rising productivity levels in Asia are a boon and not a threat to the world economy, as growing prosperity spurs a demand for products made elsewhere in the world, the International Labour Organisation (ILO) said today....
NEW DELHI, Sept 3 (AFP): India's trade deficit widened to 5.01 billion dollars in July from four billion dollars in the same month last year as imports jumped, official data showed today. Imports in July 2007 rose 20.4 per cent...
SINGAPORE, Sept 3 (AFP): Crude prices were higher in Asian trade today as US supplies remained tight but reports showed Hurricane Felix would likely bypass key US refineries, dealers said. At 2:24 pm (0624 GMT) New York's main contract, light...
FE ReportOracle, world's largest enterprise software company has announced that Oracle Secure Enterprise Search 10g, Oracle's comprehensive, secure and easy-to-deploy enterprise search software, has been selected as one of KMWorld's "Trend-Setting Products of 2007."To develop its prestigious annual list of...
HONG KONG, Sept 3 (AFP): Asian currencies ended the week mixed, with uncertainty emanating from a troubled segment of the US home loan market still weighing on investor sentiment. JAPANESE YEN: The Japanese yen went through volatile trading in the...
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