Siddique Islam | 2015-07-21 00:00:00
The central bank has raised the net open position (NOP) limit for commercial banks to hold foreign exchange as part of a twin-protection to the inter-bank forex market against volatility, officials said. A depreciation of the US dollar on the...
Badrul Ahsan | 2015-07-21 00:00:00
Counterfeit and low-quality medicines have flooded the markets of district and upazila towns against the backdrop of poor vigil by the authority, posing serious threat to public health. The substandard medicines range from paracetamol tablet to many antibiotics and even...
Mohammad Mufazzal | 2015-07-21 00:00:00
The securities regulator has disclosed the name of 36 Chartered Accountant (CA) firms by whom the financial statements of the listed companies will be audited, officials said. Listed companies from now on will have to get their financial statements audited...
Maswood Alam Khan from Maryland, USA | 2015-07-21 00:00:00
Gone are the days of telegrams and payphones. The cell phone inside your pocket warbles to alert you that you got an email or a text message. Almost everyone has a cell phone, a regular e-mail account, a Facebook account,...
Alexander Rost | 2015-07-21 00:00:00
Bangladesh has recorded remarkable economic progress, having accelerated GDP (gross domestic product) growth from 3.0 per cent in the 1970s to 6.0 per cent in the last 10 years. However, it has done so against the odds, given the occurrence...
Sayed Kamaluddin | 2015-07-21 00:00:00
Three aspects of the economy that adversely affect the nation are being reviewed widely in the mainstream media. The Finance Minister openly admitted recently that corruption eats up 2-3 per cent of the gross domestic product (GDP) while a Washington-based...
FE Online Desk | 2015-07-17 00:00:00
Two new vessels built by Western Marine Shipyard Limited have been added in the fleet of BIWTC in the month of Ramadhan for the convenience of home going passengers during the Eid-ul-Fitr vacation. One of them is a 750-passenger ship...
Siddique Islam | 2015-07-17 00:00:00
The central bank purchased US$ 665 million from banks in the last two weeks to help keep the inter-bank foreign exchange market stable before the Eid-ul-Fitr festival. The Bangladesh Bank (BB) bought the US currency directly from the commercial banks...
Talha Bin Habib | 2015-07-17 00:00:00
Home-goers travelling by launch to their respective destinations ahead of the Eid faced immense sufferings on Thursday at the Sadarghat terminal in the city over the heavy rush of passengers, according to passengers. Thousands of passengers, including children, couples, students...
Doulot Akter Mala | 2015-07-17 00:00:00
An inter-ministerial meeting has decided to assign the customs wing of the National Board of Revenue (NBR) to act as the lead agency for setting up a single window for trade facilitation, competent sources have said. The National Single Window...
Nilratan Halder | 2015-07-17 00:00:00
Bangladesh's graduation to a lower middle-income country (LMIC) status is indeed a cause for celebration. The next target, of course, is the middle income status. Indications so far are clear that the country will be able to gain the coveted...
Badrul Ahsan | 2015-07-16 00:00:00
Industrial police and the apparel makers' body found nearly 300 readymade garment (RMG) factories, mostly the sub-contracting ones, vulnerable to violence as they were yet to pay wages and bonuses to their workers. Sources at the Bangladesh Garment Manufacturers and...
Mohammad Ali | 2015-07-16 00:00:00
The special tribunal, formed recently to handle capital market-related cases, has hit the hurdles in trying the 1996 share-scam cases mainly for non-availability of required legal documents from the securities regulator, the plaintiff, sources said. Besides, they added, a lack...
Munima Sultana | 2015-07-16 00:00:00
Four international firms, having joint ventures with renowned Japanese firms, are vying for the work of setting up electric and mechanical systems for the capital's metro rail being planned to be set up on Uttara-Motijheel corridor. Sources said joint venture...
Babul Barman | 2015-07-16 00:00:00
The market witnessed yet another positive week, extending the winning streak for the three weeks in a row that ended Tuesday as earning news enchanted investors. The last week trading prematurely closed as the market went for six-day Eid holiday...
Ismail Hossain | 2015-07-16 00:00:00
Incessant rain and subsequent water-logging caused slump in sales in the city's makeshift shops along the footpath on Wednesday-days before the Eid festival. Many areas in the capital went under knee-deep water for non-stop rain on the day and intermittent...
Anjali Sarker | 2015-07-16 00:00:00
Bangladesh is often quoted as the "Silicon Valley of development". Whether the skeptics agree with it or not, the country is well known to the world as a development success story that has lifted millions of people out of poverty...
Nabil Azam Dewan | 2015-07-16 00:00:00
Contamination and adulteration of food products has become a major threat for public health in Bangladesh. This also poses serious danger to the physical and mental growth of the children -- even when a child is in the womb of...
Muhammad Abdul Mazid | 2015-07-16 00:00:00
Markets for clothes, footwear, cosmetics, jewelry and electronic gadgets witness bumper sales hovering hundreds of billion of taka ahead of Eid. Commercial banks witness a heavy rush for money transaction as a huge number of clients withdraw from and deposit...
Abdul Bayes | 2015-07-16 00:00:00
Bangladesh enjoyed two decades of relative success in reducing rural poverty from 62 per cent in 1988 to 44 per cent in 2004. During this time, two developments paved the way for poverty reduction: a monotonic fall in food prices...
Maswood Alam Khan from Maryland, USA | 2015-07-16 00:00:00
Minutes after Iran and the major world powers announced reaching an agreement to curtail Iran's nuclear ambitions in exchange for an easing of economic sanctions against the country, a text message began making the rounds on Iranian mobile phones. It...
Rezaul Karim | 2015-07-15 00:00:00
The parliament has sought information from the Bank and Financial Institutions Division (BFID) about the personal details and political affiliation, if there was any, of Sheikh Abdul Hai Bachhu before his joining as the Chairman of the BASIC Bank, officials...
Siddique Islam | 2015-07-15 00:00:00
The central bank has approved Tuesday the reappointment of Syed Abdul Hamid as the Managing Director and Chief Executive Officer of the Agrani Bank Limited for another year, officials said. The Bangladesh Bank (BB) gave the approval responding to two...
Shamsul Huq Zahid | 2015-07-15 00:00:00
A few prayers for restructuring large loans worth Tk.146.58 billion (14,658 crore) from 10 large borrowers are now under scrutiny of the country's central bank. More than one-third of the amount belongs to one large corporate house. The Bangladesh Bank...
Doulot Akter Mala | 2015-07-15 00:00:00
Third-party verification of TIN is likely to come into effect shortly so that service-providing entities can crosscheck authenticity of the tax files of those seeking services in a variety of fields. The authority concerned has already uploaded the verification system...
Siddique Islam | 2015-07-15 00:00:00
The central bank has asked the commercial banks for ensuring operations of their ATM (Automated Teller Machine) and POS (Point of Sale) network round-the-clock during the Eid vacation, officials said. "The central bank has given the directive to ensure digital...
Khairul Islam | 2015-07-15 00:00:00
Bangladesh is considering inviting the American internet-based payment gateway PayPal to the country to ensure smooth and secured online financial transaction, sources said. They said the government has launched a series of talks with the global online payment gateway operator...
Syful Islam | 2015-07-15 00:00:00
Some 39 officials of the scam-rattled BASIC Bank Ltd have been meted out various punishments like dismissal, suspension and departmental action for their involvement in massive irregularities, officials said. The punitive actions have been taken since the rot inside the...
Badrul Ahsan | 2015-07-15 00:00:00
Cash transaction through mobile banking system has increased manifold ahead of Eid as people want to secure the money they transfer, operators and customers said. They said sending money to near and dear ones to help them buy Eid gifts...
Muhammad Shafiullah and Naureen Khan | 2015-07-15 00:00:00
Bangladesh was recently promoted as a lower middle income country (LMIC) from a low income country (LIC) classification by the World Bank. However, since 1975, Bangladesh has been classified as a least developed country (LDC) by the United Nations Committee...
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