SINGAPORE, June 5 (AFP): China's limited currency flexibility is preventing countries in Asia from strengthening their currencies, contributing to a reserves buildup that is disrupting regional growth, a senior International Monetary Fund (IMF) official said here today. Domestically, China needs...
BEIJING, June 5 (CEIS): China's commercial real estate transaction grew by 68 per cent year on year to 9.2 billion US dollars in value in 2006, the third largest in Asia Pacific area, according to the latest report published by...
NEW YORK, June 5 (PTI): Stressing that India provides the best possible environment for investment among developing economies, Union Minister of State for Industry Ashwani Kumar has asked investors to grab the opportunities in the fast expanding infrastructure, manufacturing and...
VANCOUVER, Canada, June 5 (AFP): The world airline industry raised its profit forecast for this year yesterday to five billion dollars from 3.8 billion dollars, but said conditions need to improve more to help reduce heavy debts. Giovanni Bisignani, director...
BERLIN, June 5 (AFP): China and India once waited for crumbs from the table of the world's wealthiest nations but at the Group of Eight (G8) summit in Germany this week the two rapidly growing economies will be dining as...
LUXEMBOURG, June 5 (AFP): France sought yesterday to reassure its eurozone partners about plans to jolt the French economy into faster growth with tax cuts amid fears about the impact on the country's public deficit. Once one of the worst...
SEOUL, June 5 (AFP): South Korea, one of the world's most wired societies, offered today to share its expertise with other Asian countries to help bridge the region's IT divide. The offer came as foreign ministers and other minister-level officials...
FE ReportMTI Consulting, in a landmark achievement, has out performed some of the big international consultancies to win the pitch for one of the major initiatives of the Government of Pakistan under auspices of the Trade Development Authority of Pakistan,...
TOKYO, June 5 (AFP): The euro edged up against the dollar and the yen in Asian trade today as the market bet on an imminent rise in eurozone interest rates, dealers said. The dollar also gained on the yen as...
HANOI, June 5 (Xinhua): Vietnam has issued an adjusted import tax regime on petroleum products, which will take effect some time this month, local newspaper Vietnam News reported yesterday. Under the regime issued by the Vietnamese Finance Ministry last Thursday,...
FE Report The Chairman of the National Board of Revenue (NBR), Badiur Rahman, Tuesday urged the taxmen not to ask a tax payer the source while declaring the untaxed money in the next two months.The NBR has offered an opportunity...
BNP chairperson Khaleda Zia, Jamaat Ameer Matiur Rahman Nizami and 26 others were sued in the Chief Metropolitan Magistrate (CMM) court Tuesday for the August 21 grenade attack on Awami League (AL) rally in the capital that left 24...
Shamsul Huq Zahid The strong speculation that the government might offer yet another opportunity to whiten black (undisclosed) money turned out to be true when the National Board of Revenue (NBR) issued a circular to this effect Monday. But...
FE ReportThe Board of Directors of the Federation of Bangladesh Chambers of Commercial (FBCCI) will hold a meeting Wednesday (today) to discuss matters relating to changes that are required for framing organisational rules in order to prevent loan defaulters...
A Z M AnasBangladesh has embarked on a new promotional campaign to woo overseas Bangladeshis living in North American countries, including the United States, to invest in the country, capitalising on the improved law and order.The Bangladesh Export Processing...
FE ReportLafarge Surma Cement, the country's largest cement manufacturing company, has suspended production since May 12 due to stoppage of its lime stone mining in India's Meghalaya state, company sources said.However, the cement company is supplying a little quantity...
S M JahangirThe government has received 37 fresh offers from private entrepreneurs for setting up small independent power projects (IPPs).All the pre-qualified bidders are vying for installing such small power units, having a combined generation capacity of 200 megawatt...
Under a comprehensive electoral reform, launched by the caretaker government, 'no vote' is being introduced to give the voter free will to vote for one or reject all of the candidates in a constituency, reports UNB.But it is yet...
Amy Kazmin, FT Syndication ServiceBANGKOK: Thai investment contracted 1.4 per cent year-on-year in the first quarter - its worst performance since 2001 - as political and policy turbulence weighed on investor and consumer sentiment, the latest figures from the...
FE Report The country's leading bankers have urged the visiting United Nations (UN) delegation on counter-terrorism to update its list of suspects involved in terrorist financing time to time.They also requested the delegation to consult with authorities concerned before...
The news published recently in a section of the Indian newspapers, mainly published from Kolkata, may be true or otherwise but its content-it's about sudden outbreak of smallpox in Bangladesh and Myanmar-is a scary one. Smallpox is an extremely infectious...
Krishna Guha THROUGHOUT his career Robert Zoellick has shown the resilience of the long distance runner that he is (his personal best for a marathon is two hours and 32 minutes). Late last month he reaped the rewards of that...
Fazle Rashid from New YorkTHE World Bank (WB) assurance-made by Patel, its Vice-President for Asia, that the Bank would assist Bangladesh in retrieving stolen money stashed abroad, has surprised Bangladeshi diaspora living in North America, particularly New York. The WB...
Glenn Denning and Jeffrey Sachs WHEN heads of state from the world's richest countries gather in Heiligendamm, Germany, this week for this year's summit of the Group of Eight (G8) leading industrialised nations, they would most benefit the poor in...
CLEANERS and others at the public hospitals hardly do their jobs. Doctors in most of the rural health complexes remain away from their posts for weeks, often with unauthorised leave. Government doctors are not supposed to engage in private practice....
MY answer to AVM Rafiqul Islam's most poignant and pertinent question is yes, but! Thanks to the Air Marshal and the Financial Express for publishing the article on a very important national issue. We have been failing both individually and...
WE all know that inmates of prisons -- convicts, under trials as well as those who are in detention for an indefinite period are being huddled in the increasingly constricted spaces of the overcrowded prisons, without having regard for basic...
Qazi AzadAFTER a meeting with Chief Minister M. Karunanidhi of the Indian state of Tamil Nadu, Narayanan advised a bleeding Sri Lanka last Thursday not to buy weapons from China and Pakistan to fight the Tamil rebels of the country.While...
Md. Khalilur RahmanTHE ensuing national budget, 2007 is going to be placed this month by dynamic caretaker government before the people of Bangladesh who are anxiously expecting proper relief and remedy in their taxation. As a long experienced Tax Consultant...
Dr. Mustafizur Rahman NATIONAL Constitution mandates the Election Commission to prepare voter list for each constituency. Voter list means a authentic and verifiable one without any exclusion. As the election commissioners also point out, preparation of national identity (ID) card...
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