FE Report The amendments to the Bank Companies Act, 1991 does not have any provision to change the definition of loan defaulters, the Bangladesh Bank (BB) said Wednesday in response to reports published in the media that an amendment has...
Wolfgang Proissl, FT Syndication ServiceBRUSSELS: Developing countries could provide the future head of the International Monetary Fund (IMF) if they accept Dominique Strauss-Kahn, the former French finance minister, this time round as the new director of the body, according to...
No recognised major political party is agreed to sit for dialogue with the Election Commission (EC) unless the ban on indoor politics is lifted, said BNP leader Hannan Shah on Thursday, reports UNB."No major political party that is recognised by...
The holy Shab-e-Barat or the night of fortune was observed across the country Wednesday night with due religious fervour, reports UNB.Muslim devotees spent the night on prayer mats reciting the holy Quran and saying special prayers in mosques and homes,...
A three-member administrative board comprising a representative of the United Arab Emirates and two officials of the Home Ministry has been formed to look into compensation for the young victims who were used as camel jockeys in the UAE. An...
Two alleged terrorists were killed in a gunbattle between members of the Rapid Action Battalion (RAB) and a group of terrorists at Singair Balughat of Savar off the city Wednesday night. Two members of the elite force also sustained injuries...
The overall situation in the flood-hit areas has further improved as all the major rivers, including those of the Brahmaputra-Jamuna and the Ganges-Padma basins receded. Although Sylhet district is experiencing flashflood, the situation is likely to start improving in the...
Visiting Islamic Development Bank (IDB) President Ahmad Mohamed Ali Thursday offered the bank's assistance for Bangladesh's post-flood rehabilitation programme and funds for a power project, reports UNB.Ali gave the assurances when he made a courtesy call on Chief Adviser Fakhruddin...
The Law Ministry has termed illegal the agreement signed a year ago between the Rajshahi city mayor and the `National Committee for Protecting Oil, Gas and Mineral Resources' on Asia Energy's Phulbari coal mine project, reports UNB.There is no scope...
FE ReportStock prices on the Dhaka Stock Exchange (DSE) continued to rally for the fourth consecutive day Wednesday for buying-spree by the investors.The market was closed Thursday due to announcement of public holiday on account of holy Shab-e-Barat.Market operators said...
M Azizur RahmanBangladesh will place a formal proposal to India for shortening the sensitive list of products to ensure exports of more Bangladeshi goods into its market."Cosmetics and toiletries, leather and leather goods, ceramics and readymade garments (RMG) are among...
FHM Humayan KabirThe caretaker administration has started preparation of a strategy paper in order to remove economic disparity among the regions in the country.The General Economic Division (GED) of the Planning Commission (PC) has started working on the strategy paper...
FE ReportThe government will soon sign a 41.2 billion yen credit deal with the Japan Bank for International Cooperation (JBIC) for installing the Haripur 360-megawatt (MW) plant as the project got approval of the ECNEC Tuesday."The project approval by the...
KATHMANDU, Aug. 30 (Xinhua): The proposed Indo- Bangladesh textile pact that will grant duty-free entry of Bangladeshi garment products into the lucrative Indian market, has posed a new challenge to the Nepali garment industry, which has been rapidly expanding its...
Four more S Korean hostages releasedKABUL, Aug 30 (AFP): The Taliban has handed four South Korean hostages to Afghan tribal elders and plans to hand over the remaining three, a rebel negotiator said. A negotiator says the Taliban plans to...
ISLAMABAD, Aug. 30 (Agencies): Nawaz Sharif, Pakistan's former prime minister, will return to the country on Sept. 10, ending almost seven years in exile in an attempt to block President Pervez Musharraf's re-election. Ishrat Ashraf, president of the women's wing...
FT Syndication ServiceMANILA: The Philippine economy grew at its fastest pace in two decades in the second quarter, spurred by a surge in government outlays for the elections in May and infrastructure projects, and higher overseas remittances that boosted household...
FE Report The High Commission of India has protested against a newspaper report regarding Indian External Affairs Minister Pranab Mukherjee having discussed intervening in the internal political developments in Bangladesh with certain Bangladeshi politicians and activists.In a press release Thursday,...
The early 70s spelt the beginning of a `new era`. The old Tourism Department of 1959 was then upgraded into the Tourism Development Corporation.The formation of the Tourism Development Corporation (TDC) in 1972 and placing it under the purview of...
Education is the responsibility of the Government and Malaysia is committed to providing sound education to all. The Malaysian education system encompasses education beginning from pre-school to university. Pre-tertiary education (pre-school to secondary education) is under the jurisdiction of the...
Today, Malaysia celebrates its Golden Jubilee National Day. On this auspicious occasion, I on behalf of the Government and people of Malaysia would like to extend my greetings and best wishes to the Government and the people of Bangladesh. I...
Our CorrespondentBRAHMANBARIA, Aug 30: Purbanchal Samannito Krishi Unnayan Prokalpa (PSKUP), an agriculture development project, has gained popularity due to its contribution to boosting agricultural production in the district, sources saidApart from Brahmanbaria district, the project has been working to meet...
LONDON, Aug 30 (AFP): Global stocks rose Thursday as investors keep an eye on US Federal Reserve moves to combat housing woes that have battered world bourses in recent weeks. Asian markets closed higher after a strong recovery on Wall...
FE ReportBeximco Pharmaceuticals Limited (BPL), one of the leading medicine manufacturers and exporters of the country, has started exporting its medicines to the Philippines, according to a press release.The Philippines is the fifth ASEAN (Association of Southeast Asian Nations) country...
FE ReportThe Mutual Trust Bank Limited (MTBL) organised a 16-day training programme on Banker's Advance for its officers at the bank's training institute in the city recently, said a press release.Managing Director of the bank Kazi Md Shafiqur Rahman inaugurated...
FE ReportA CPE seminar organised by the Institute of Chartered Accountants of Bangladesh (ICAB) on Salient Features and Implications of Changes Made in the Income Tax Ordinance 1984 by the Finance Ordinance-2007 and SROs Issued Thereon will be held at...
Global Insurance Ltd has signed an agreement with the Credit Rating Agency of Bangladesh Limited (CRAB) leading rating company of the country recently for the credit rating of the company, said a press release. Under the agreement, CRAB will provide...
Meghna Cement recommends 25pc cash dividend The board of directors of Meghna Cement has recommended 25 per cent cash dividend for the year that ended on December 31, '06. The annual general meeting (AGM) of the company will be held...
Japanese company M/s IP Jaq Knitting Limited is going to set up a sweater manufacturing industry in the Dhaka Export Processing Zone, said a press release.This 100 per cent foreign owned company will invest US$ 2.934 million and will annually...
Our CorrespondentCHITTAGONG, Aug 28: The businesses at Chaktai-Khatunganj, which is regarded as the traditional business centre of the port city, is under threat due to utter negligence of the government, sources said.Since the Mughal period, Chittagong has gained reputation in...
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