FE ReportThe US dollar was unchanged against the Bangladesh taka (BDT) Sunday in the inter-bank foreign exchange market because of steady demand for the greenback, fund managers said.The exchange rate of the dollar stood at Tk 68.70 maintaining the previous...
Doulot Akter MalaThe customs department is contemplating introduction of a 'single window' service to expedite unloading and subsequent clearing of imported merchandise at the seaports.The department devised the mechanism to remove procedural complexities resulting in delay in the release of...
CHITTAGONG, Sept 2 (BSS): The Chittagong port will be now able to handle 65,000 more TEUs of containers annually with the opening of a newly-constructed container yard facility Sunday. The new facility on 24,200-sft areawith 3,200 TEUs (twenty equivalent units)...
A Dhaka court Monday rejected an appeal for bail of former prime minister Khaleda Zia and ordered her into jail after security forces arrested her early morning. Khaleda would be kept in a special jail on the Jatiya Sangsad Bhaban...
BNP chairperson Khaleda Zia Monday expelled Abdul Mannan Bhuiyan from the party as secretary general. She made the announcement while on her way out of the Chief Metropolitan Magistrate's Court, Dhaka where she had been produced following arrest in a...
The Islamic Development Bank (IDB) is well known in Bangladesh. But regrettably over the years, resources from it was not so well utilized by Bangladesh. But hopefully there would be a change now after the recent visit of its President,...
Shamsul Huq ZahidThe present interim government considers the soaring prices of essentials as its 'enemy number one' for obvious reasons. Until now all the policy measures, starting from duty exemptions down to limited retail operations by the para-military Bangladesh Rifles...
Joe LeahyTHIS year, a rumour swept through the global stock markets that the information technology services outsourcing industry was about to witness the deal of the century. According to the speculation, Infosys Technologies, India's number two outsourcing group, was contemplating...
Forrest CooksonI am one of the persons who has argued in favour of gas exports to India through pipelines! I am not blushing about being wrong. On the contrary I am convinced that I remain right!The real issue in exporting...
I read in newspapers sometime ago that a law in draft form had recommended maximum fines ranging between twenty thousand to fifty thousand Taka for those who produce, market and distribute spurious, substandard and hazardous consumer goods. But one is...
Bill the BIDS move to bring together former finance ministers of our country on ensuing September 6 as an arrangement to put light upon light. The meet may help identify which way would be relatively less painful for us and...
Seth LuboveDavid Murdock is annoyed. The mayor of Westlake Village, California, site of Murdock's new 270-room Four Seasons hotel and health spa, and headquarters of his $6 billion Dole Food Co., has just finished speaking for almost two hours. Murdock,...
Andrew Jack from London and Amy Yee from New DelhiCHINA has overtaken India as one of the fastest-growing locations for drug trials, in a fresh sign of the importance of the world's most populous country to the pharmaceutical industry.An analysis...
PHNOM PENH, Sept 2 (AFP): Safeguards protecting Cambodia's garment sector expire by year's end, and the country hopes the United States, its biggest market, will help stave off a disastrous downturn in the industry which accounts 80 per cent of...
HONG KONG, Sept 2 (AFP): Airbus's new super jumbo will fly over Hong Kong Monday, heralding the start of Asia's largest airshow, with the industry set to vie for slices of India's and China's booming markets. The double-decker A380 is...
TOKYO, Sept 2 (AFP): Japan's new finance minister called today for the Group of Seven (G7) industrialised nations to learn lessons from financial market turbulence triggered by turmoil in the US credit market. Fukushiro Nukaga said the G7 should analyse...
NEW DELHI, Sept 2 (AFP): India looks set for another year of strong growth after the economy unexpectedly accelerated by a scorching 9.3 per cent during the first three months, analysts say. The first-quarter data, driven by robust manufacturing and...
SOME amendments to the Banking Company Act of 1991 that are expected to be made effective soon through the promulgation of an ordinance by the President, among others, do propose to increase the existing paid up capital of banking institutions...
Shahiduzzaman KhanBANGLADESH is among the eight least developed countries (LDCs) that have been given the International Atomic Energy Agency (IAEA) approval for setting up a nuclear power plant by 2050. Most of the Bangladeshis are happy to know the decision....
Jacques Diouf MUCH of the current debate on bioenergy, focusing on negative aspects such as sharply increased food prices and erosion of biodiversity, obscures the sector's huge potential to reduce hunger and poverty.If we get it right, bioenergy provides us...
Aunohita Mojumdar THIS year's opium harvest in Afghanistan is projected to reach a record high, up 34 per cent on 2006, with Helmand province 'single-handedly' becoming the world's largest source of illicit drugs, the United Nations Office on Drugs and...
THE chief minister of the Indian state of Uttar Pradesh has frustrated us. After the recent bomb blasts in Hyderabad, he took no time to point his accusing finger at the so-called Islamic fundamentalists of Bangladesh and Pakistan for the...
I may have exaggerated a little bit calling her 'soul'. Since Bangladesh was not the country she has been promoting for herself but for all of us, the description is not too wrong. Her songs provide a rhythm and music...
Ambereen Choudhury from LondonLike the rebellious Roman slaves who vowed to save their leader by declaring ``I'm Spartacus,'' the contested sale of ABN Amro Holding NV has 19 investment banks each insisting it is advising the would-be winner in the...
Mario de Queiroz from LisbonThere are not enough doctors in Portugal's public health system, because too many have left to enter the private sector. This has forced socialist Prime Minister José Sócrates' administration to seek rapid and drastic solutions, one...
Jesse Riseborough and Thomas Kutty AbrahamDiamond producers' shares have trailed mining companies since early 2006 as an abundance of gemstones weighed on prices. Now the outlook is brighter, says Evy Hambro, who runs the world's No. 1 metals fund. Stockpiles...
WASHINGTON, Sept 1 (AFP): Federal Reserve Chairman Ben Bernanke pledged yesterday to act to limit the spillover of a credit crunch on the broader economy as the White House unveiled aid to homeowners facing foreclosure. The two separate announcements were...
GENEVA, Sept 1 (AFP): The World Trade Organisation (WTO) said yesterday it will investigate whether Chinese industrial subsidies breach international trade rules following a complaint by the United States and Mexico. The US and Mexico's complaint targets tax breaks they...
WASHINGTON, Sept 1 (AFP): In a race mired in controversy, two Europeans are vying to become the new head of the International Monetary Fund (IMF) and lead the battle in introducing wide-ranging reforms. For weeks the European Union's candidate Dominique...
NEW DELHI, Sept 1 (PTI): India continues to be an attractive foreign direct investment (FDI) destination to foreign investors despite controversies over special economic zones (SEZs), a global investments expert here said. Noting that the SEZ issue was a "political...
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