Khairul Islam | 2015-01-15 00:00:00
Bangladesh is set to ink an orbital slot procurement deal with the Moscow-based space organisation today (Thursday), paving the way for launching the much-hyped national satellite, Bangabandhu-1, sources said. "An agreement between Bangladesh Telecommuni-cation Regulatory Commission (BTRC) and Intersputnik International...
Siddique Islam | 2015-01-15 00:00:00
Further cut in interest rates on bank deposits with lending rates remaining unchanged widened the spread in November last. Senior bankers dropped an idea that the interest rates on deposits might fall further in the coming months if the ongoing...
Shafiul Alam | 2015-01-15 00:00:00
Agriculture in Bangladesh is still a vibrant sector. Its contribution to gross doemstic product (GDP), according to the Bangladesh Bureau of Statistics, is 19.29 per cent. The sector employs 47.5 per cent of the total manpower - the largest work...
Md Joynal Abdin | 2015-01-15 00:00:00
The Micro, Small and Medium Enterprises (MSMEs) are the prime movers of any economy. According to the national Industrial Policy 2010, MSMEs are entities worth BDT 500,000 to 300 million, without land and building costs (Micro = BDT 500,000 to...
Syful Islam | 2015-01-14 00:00:00
Three key development projects have been put under intensive monitoring of the Economic Relations Division (ERD) because of their slow pace of execution, officials said. The three projects are Phase- 1 of Karnaphuli Water Supply Project, Khulna Water Supply Project,...
Shamsul Huq Zahid | 2015-01-14 00:00:00
The Bangladesh Energy Regulatory Commission (BERC) has reportedly accepted proposals from the natural gas marketing and distribution companies that have sought to hike gas tariff at varying rates for different types of consumers. The highest hike---122 per cent--- has been...
Siddique Islam | 2015-01-14 00:00:00
Country's overall trade deficit almost doubled in the first five months of the current fiscal year (FY) 2014-15 because of higher import payments and lower export receipts, officials said. The trade deficit rose 99.15 per cent to US$ 4.48 billion...
Munima Sultana | 2015-01-14 00:00:00
Government's plan to start tender process for the metro rail ahead of a fresh schedule faces problem in managing funds as it requires amending the loan agreement with the project's Japanese financier. Sources said the work schedule was being advanced...
Rezaul Karim | 2015-01-14 00:00:00
The ministry of textiles and jute (MoTJ) has sought Tk 1.78 billion from the government to provide dearness allowance (DA) to nearly 70,000 workers of the Bangladesh Jute Mills Corporation (BJMC), officials said. They said a letter was sent to...
Shamsul Huda | 2015-01-14 00:00:00
Bangladesh Economic Zones Authority (BEZA) will, for the first time, appoint a private company in Mongla Port zone by February to develop lands for attracting private investments, an official said. Having owned 205 acres of land in Mongla Port, the...
Shah Alam Nur | 2015-01-14 00:00:00
Export-import trade through land ports has virtually halted for over a week now as long-haul road transport remained paralyzed due to the ongoing countrywide blockade, leaving thousands of loaded lorries stranded on both sides of the Bangladesh-India border, according to...
Abdul Bayes | 2015-01-14 00:00:00
In informal chats Dr Mahabub Hossain and this scribe have had with villagers in 20 villages while walking along the aisle of agricultural land, sitting in tea stalls or courtyards, the insight into their livelihoods obtained through their words and...
B K Mukhopadhyay from Kolkata | 2015-01-14 00:00:00
India will hopefully develop enough solar power to run at least one light bulb every home by 2019. The goal is part of a larger push to boost renewable in India, where energy demand is projected to double over the...
Saleh Akram | 2015-01-14 00:00:00
The real estate sector of the country is stuck in a quagmire. The sector, which was booming until 2009, suddenly nosedived in 2010. The current situation is an episode of a journey from bad to worse. Real estate sector made...
Megha Rajagopalan of Reuters in Beijing | 2015-01-14 00:00:00
China has been quietly toughening travel restrictions on students and businessmen traveling from Ebola-hit West Africa even as it increases support to fight the deadly disease on the ground in the region, diplomats say. Beijing-based ambassadors from Liberia and Sierra...
David Alexander and Jim Finkle of Reuters in Beirut | 2015-01-14 00:00:00
The Twitter and YouTube accounts for the U.S. military command that oversees operations in the Middle East were hacked on January 12 by people claiming to be sympathetic toward the Islamic State militant group being targeted in American bombing raids....
Doulot Akter Mala | 2015-01-13 00:00:00
The customs wing under the National Board of Revenue (NBR) has asked its ten land customs (LC) stations to cross-check the value of products imported through them using recently-installed system ASYCUDA World facility. The wing issued an instruction Sunday to...
Siddique Islam | 2015-01-13 00:00:00
Private sector credit growth increased slightly in November last in view of rising trend in trade financing along with higher imports of capital machinery, bankers said. The private sector credit growth rose to 12.67 per cent in November 2014 on...
Ingrid Melander, Sybille de La Hamaide and Julien Ponthus of Reuters in Paris | 2015-01-13 00:00:00
World leaders, including Muslim and Jewish statesmen, linked arms to lead more than a million French citizens through Paris in an unprecedented march to pay tribute to victims of Islamist militant attacks. Commentators said the last time crowds of this...
Md Jamal Hossain | 2015-01-13 00:00:00
The words 'poverty' and 'politics' are two distinct words, yet they retain very strong reciprocity. The relation between poverty and politics can be identified when we analyse how poverty determines the nature of politics in a country - whether the...
Abdul Kadir | 2015-01-13 00:00:00
In the financial services market, people's needs for the insurance solution are evolving faster than its banking counterpart. Back in the early decades of the 17th century in London, modern insurance business originated from the marine industry. Since then, the...
Sayed Kamaluddin | 2015-01-13 00:00:00
The unexpected defeat of Sri Lanka's strongman Mahinda Rajapaksa in the presidential election last week to his former health minister Maithripala Sirisena, a relatively unknown political player, brought an abrupt end to an increasingly controlling presidency. It is abrupt because...
Malak Ghobrial of Reuters in Cairo | 2015-01-13 00:00:00
Iraq may need three years to rebuild and restructure its military, Prime Minister Haider al-Abadi said on January 11, as the country battles Islamic State militants who pose the biggest threat to its security since the fall of Saddam Hussein...
Kieran Guilbert of Thomson Reuters Foundation in Washington | 2015-01-13 00:00:00
The United States is spending more than $300 million a year on Afghan police officer salaries despite a significant risk that the funds are being wasted and abused, a U.S. government watchdog said on January 12. In an audit of...
Michael Martina of Reuters in Beijing | 2015-01-13 00:00:00
China will not follow the path of "Western colonists" in Africa, its foreign minister said during a five-nation tour of the continent, parrying criticism that his country's hunger for resources has led to one-sided policies and damaging projects. China is...
Ju-min Park of Reuters in Seoul | 2015-01-13 00:00:00
South Korean President Park Geun-hye said on January 12 she was willing to hold a summit meeting with North Korean leader Kim Jong Un without any pre-condition but maintained the country still needed an anti-North security law. An end to...
Siddique Islam | 2015-01-12 00:00:00
The government has moved to slash yields on savings instruments against the backdrop of an unusual rise in its borrowing from the system, officials said. As part of the move, the Ministry of Finance (MoF) has sought information from the...
Munima Sultana | 2015-01-12 00:00:00
A Chinese company has now shown interest in constructing the planned Dhaka-Chittagong Elevated Expressway under government-to-government arrangement. Officials spoke about the latest development on outsourcing Bangladesh's major infrastructure-building works, despite the fact that the project is being processed under public-private-partnership...
Syful Islam | 2015-01-12 00:00:00
The cabinet committee is set to approve the proposed amendment to Foreign Exchange Regulation Act, 1947 empowering Bangladesh Bank (BB) to fine forex dealers, and to enquire abut the wealth of non-resident Bangladeshis, officials said. Prime Minister Sheikh Hasina is...
Rezaul Karim | 2015-01-12 00:00:00
A number of development projects under the Ministry of Education (MoE) are facing difficulties due to shortage of funds, officials said. They said the MoE has sought an immediate allocation of Tk 17.40 billion for its development projects from the...
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