A Z M AnasThe caretaker authority has assigned the microfinance colossus -- BRAC -- to develop an alternative marketing channel in Dhaka, the capital, to help rein in the rocketting prices of essentials.The fresh move is a part of the...
FE ReportThe government may yet again increase prices of gas and oil to help reduce losses incurred by the state-owned gas and petroleum companies. "There is no option but to raise the domestic gas prices," Energy and Power Adviser Tapan...
US Congressman Corrine Brown has urged Secretary of State Condoleezza Rice to impress upon Bangladesh caretaker government to immediately accord Awami League chief Sheikh Hasina full civil rights, remove restriction on her freedom of movement and restore due process for...
Siddique Islam The Bangladesh Bank (BB) has introduced separate credit risk-grading manuals only for assessing the risks involved in inter-bank and non-banking financial institutions (NBFIs) lending. The central bank took the move to minimise the financial risks of the lending...
Law and Information Adviser Barrister Mainul Hosein Monday said saving the nation from an anarchic situation and an impending civil war is the major achievement of the present caretaker government, reports UNB. "The situation would have deteriorated if this government...
FE Report A group of leading business leaders has called for extensive organisational reforms of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) for holding a meaningful election.The call was made at a meeting with Finance and Planning...
Communications Adviser MA Matin said Monday the state of emergency will be withdrawn if the situation is created, report agencies.Talking to reporters at his ministry, however, he said that the incumbent caretaker government did not impose the emergency. "We've assumed...
Doulot Akter MalaThe government has withdrawn the Value Added Tax (VAT) levied on private universities from July 01 last.The National Board of Revenue (NBR) issued a Statutory Regulatory Order (SRO) last Sunday in this connection.Explaining the reason for withdrawal of...
FE ReportThe New Mooring Container Terminal (NCT), country's largest and one of the leading terminals in South Asia will go public through offloading its 49 per cent shares worth around Tk 4.0 billion. The decision was finalised Monday at a...
FE ReportThe Ministry of Finance (MoF) has set July 15 as the final date for signing of deal on handing over of the largely state-owned Rupali Bank to Saudi prince Bandar Bin Mohammad Bin Abdulrahman Al Saud."If you want to...
It was nothing less than having to hear the old complaints again. That too after a long time, at least after five long years, within which the complaints could be settled. A professional seminar in Dhaka last week, arranged by...
Shamsul Huq ZahidThe apparel exporters of two neighbouring countries-Bangladesh and India-have worries of divergent nature.Bangladesh apparel exporters are worried that their export orders have been on the decline for a number of domestic and external reasons. Their counterparts in neighbouring...
Mike SccottElectricity has many qualities, but easy storage is not one of them. Today's electricity market operates on a "just-in -time" system that avoids the need for storage - power companies simply built an entire infrastructure capable of meeting the...
Abdus SubhanMARKET studies or research to assess demand pattern of products are essential preconditions for the success of new industries. Private sector can initiate their own such research. The government can also play a valuable role in this regard by...
Bilkis NaharWe appreciate the government's step to ban the export of hilsha for next six months for the cause of local consumers. For this initiative, it can now be expected that people would be able to buy this delicious fish...
Unscrupulous oil companies are capable of doing a great damage to a country's energy resources if it happens to be unlucky in not having capable and honest government. Some African countries do provide here good examples about these countries of...
ARE the syndicates still alive? Such syndicates had allegedly been at the root of the agonies of millions and millions of humble consumers of essential goods across the country through their most unconscionable price manipulation activities. The prices are still...
Marwaan Macan-Markar from BangkokAs the Asian financial crisis struck 10 years ago, beginning in Thailand and then spreading rapidly to eight other economies in the region, the desperate call for help was answered from the West. In rode the International...
Thalif Deen from the United NationsDespite a massive boost in its peacekeeping force in Lebanon -- from about 2,200 in July last year to some 13,700 last week -- the United Nations has little good news to report regarding the...
Jonathan Springston from AtlantaOne group has lived here for millennia, while the other has just arrived. But Native Americans and immigrants have much in common, particularly the alienation and oppression they experience in U.S. society, activists and community leaders said...
Nergui Manalsuren from the United NationsThe upcoming Global Compact Leaders Summit this Thursday and Friday in Geneva seems to be getting more attention from various stakeholders in the global community than ever before.But is it because the initiative has proved...
DAKAR, July 8 (AFP): Lacklustre growth, ballooning petroleum imports, cotton sales hit by Western subsidies and a lingering political crisis in the region's former star economy have crippled a west African economic bloc. The eight-nation West African Economic and Monetary...
SINGAPORE, July 8 (AFP): Having conquered Southeast Asian skies with his pioneering budget airline, Malaysian entrepreneur Tony Fernandes hopes to repeat the success of his business model with a down-to-earth chain of no-frills hotels. Despite a chorus of skeptics, Fernandes...
HARARE, July 8 (AP): Police arrested 16 more business leaders in a crackdown on those suspected of violating the government's order to slash prices by 50 per cent, the official media reported Sunday.The mandated price cuts are a desperate attempt...
SINGAPORE, July 8 (AFP): Soaring property prices in Singapore could erode its competitive edge, including against arch economic rival Hong Kong, the city-state's founding father said in remarks published today. Lee Kuan Yew, Singapore's first premier who now serves in...
PARIS, July 8 (AFP): French President Nicolas Sarkozy said in an interview published yesterday he will support the candidacy of former socialist minister Dominique Strauss-Kahn to head the International Monetary Fund (IMF). The announcement was the latest move in the...
SEOUL, July 8 (AFP): South Korea said today its trade would expand more than expected this year thanks to sustainable growth of the global economy. The commerce ministry reported in a revised outlook report that exports would grow 12.8 per...
BEIJING, July 8 (AP): Local Chinese leaders will have a better chance of winning job promotions if they can limit social unrest in rural areas, state media quoted Sunday a ruling Communist Party official as saying.The party has become increasingly...
NEW DELHI, July 8 (AFP): Kishore Biyani, known as India's "King of Retail", is spending the weekend his favourite way: trawling the aisles of one of his Big Bazaar supermarkets, eyeing what customers are loading up on. "You can tell...
HONG KONG, July 8 (AFP): Asian currencies ended the week mainly up against the US dollar as the Australian dollar hit an 18-year high and the yen strengthened over a predicted increase in eurozone borrowing rates. JAPANESE YEN: The yen...
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