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Govt gives legal lifeline to scores of sick firms

Nazmul Ahsan | 2011-02-28 00:00:00

Nazmul AhsanScores of sick firms received a lifeline after the government ordered six state-owned banks not to sue companies whose bank loans haven't crossed five million taka each, officials said Sunday. The Ministry of Finance (MoF) gave the order to...

Govt gives legal lifeline to scores of sick firms

Nazmul Ahsan | 2011-02-28 00:00:00

Nazmul AhsanScores of sick firms received a lifeline after the government ordered six state-owned banks not to sue companies whose bank loans haven't crossed five million taka each, officials said Sunday. The Ministry of Finance (MoF) gave the order to...

Govt gives legal lifeline to scores of sick firms

Nazmul Ahsan | 2011-02-28 00:00:00

Nazmul AhsanScores of sick firms received a lifeline after the government ordered six state-owned banks not to sue companies whose bank loans haven't crossed five million taka each, officials said Sunday. The Ministry of Finance (MoF) gave the order to...

EPB to build strong furniture sector to widen export market

Shah Alam Nur | 2011-02-27 00:00:00

Shah Alam NurThe Export Promotion Bureau (EPB) has planned to build a strong furniture sector in order to widen its export market. "We are working for the development of the country's furniture sector that has a potential foreign market," said...

Neglected use of the mother tongue

M A Islam | 2011-02-27 00:00:00

M A IslamSalam, Barkat, Rafiq, Jabbar and other martyrs sacrificed their lives in 1952. Their fault was they loved Bangla--our mother tongue. The Pakistani rulers could not tolerate this and so they fired on them. Roads of Dhaka were bathed...

EPB to build strong furniture sector to widen export market

Shah Alam Nur | 2011-02-27 00:00:00

Shah Alam NurThe Export Promotion Bureau (EPB) has planned to build a strong furniture sector in order to widen its export market. "We are working for the development of the country's furniture sector that has a potential foreign market," said...

B'desh medicines have bright prospects in Myanmar Yangon prof looks to BD medicine export

Talha Bin Habib | 2011-02-27 00:00:00

Talha Bin Habib Bangladesh can grab a significant portion of the pharmaceutical market in Myanmar if medical collaboration and regular interaction between doctors of the two neighbouring countries are held, said a physician from Yangon. "About 80 per cent of...

Unauthorised and unguarded level-crossings

Khalilur Rahman | 2011-02-27 00:00:00

Khalilur RahmanTwo train-bus collision at unguarded level-crossings in Comilla and Jessore on February 19 in which 13 people were killed and about 50 others, injured once again exposes apathy of the concerned authorities to public safety. Though a good number...

SPO on metro rail approved

Munima Sultana | 2011-02-27 00:00:00

Munima SultanaThe ministry of finance has endorsed the proposal for formation of special project organisation (SPO) to start work on metro rail in the city's busiest northern and southern parts. Finance minister AMA Muhith signed the proposal for SPO last...

BB revises guidelines on stress testing for banks

Siddique Islam | 2011-02-27 00:00:00

Siddique Islam The central bank has revised guidelines on stress testing for the commercial banks to make the testing more effective, officials said. Under the revised guidelines, the banks will have to submit their stress testing report to the concerned...

How long Libya's Gaddafi can cling on to power?

Zaglul Ahmed Chowdhury | 2011-02-27 00:00:00

Zaglul Ahmed ChowdhuryA seemingly stubborn Moamer Gaddafi is refusing to quit the Libyan scene and is increasingly showing defiance, even in the face of serious adversities when most parts of his country are whittled away from his grip. He is...

Former Guantanamo inmate's 'agony'

Orla Guerin | 2011-02-26 00:00:00

Orla GuerinEvery other night Saad Iqbal Madni wakes up screaming. For more than five years the Pakistani Islamic scholar was one ghost among many - Prisoner Number 746 in Guantanamo Bay. In terror-filled moments, in the dead of night, he...

Sundarbans and seven natural wonders of the world

Nehal Adil | 2011-02-26 00:00:00

Nehal AdilTo a full-packed audience at Shilpakala Academy singer Ruxy rendered a wonderful song in support of declaring the Sundarbans as one of the seven wonders of the world. I was told, actress Runa Afroze, dancer Mun Mun Ahmed, singers...

Laptop sales surge on lower prices

Badrul Ahsan | 2011-02-26 00:00:00

Badrul AhsanLaptop computers sales in local market increased more than three times in just two years, thanks to lower prices and favourable power back-up system, industry people said. Sales of laptop computers in 2010 were 150,000, up by 60,000 a...

BRTC to add 175 CNG-run buses to various city routes

Munima Sultana | 2011-02-26 00:00:00

Munima SultanaThe state-run BRTC will soon add more 175 CNG-run buses to its fleet plying the Dhaka city roads. These eco-friendly buses from China are expected to reach the Chittagong port today (Saturday), officials said. Bangladesh Road Transport Corporation (BRTC)...

Ban on salt import on cards to save affected growers

Syful Islam | 2011-02-25 00:00:00

Syful Islam A move is underway to ban import of salt with a view to saving its producers and small-scale refiners, official sources have said. "Most of the opinions that came from both the private sector and government functionaries are...

Govt plans new body to help execute stock market reforms

Nazmul Ahsan | 2011-02-25 00:00:00

Nazmul AhsanThe government has moved to form a high-powered committee next week to assess liquidity crisis in the stock market, analyse margin loan regulations and find loopholes in the share trading system, officials said Thursday. The move comes as part...

'Growing participation of women in jute sector

Speakers tell a seminar | 2011-02-25 00:00:00

Speakers tell a seminarFE Report Experts Thursday stressed increasing participation of women in jute sector -- from farming and post harvest to manufacturing and marketing -- in an effort to cement the fibre's place as a leading employer and export...

17 BD hostages

from Libya | 2011-02-25 00:00:00

from Libya Almost half of the 300 foreigners, held hostage by anti-government protesters in the Libyan city of Darnah, have been shifted to Egypt border. The hostages evacuated by the Libyan army Wednesday night include 17 Bangladeshis, one of the...

Piece-meal efforts

Move after move is failing to control th | 2011-02-25 00:00:00

Move after move is failing to control thThe first thought was that more scrips made available would cool the market down. Then it dawned that those mere scrips without fundamental probability of acceptable returns would only exacerbate matters. And now,...

IMF team arrives Mar 1 to discuss $1.0b ECF loan

Siddique Islam | 2011-02-25 00:00:00

Siddique Islam Bangladesh will hold further discussions with an International Monetary Fund (IMF) for the US$1.0 billion loan under the latter's Extended Credit Facility (ECF). This loan facility is purported to providing support for the balance-of-payments (BoP) management and helping...

Death of the Generals

Maswood Alam Khan | 2009-03-15 00:00:00

There was a time when like many of my peers I couldn't think of dying; death news would make me emotionally cripple. When I was a child and even when I was an adolescent I was foolhardily confident that every...

BB advises banks to remain alert about impending risks

Siddique Islam | 2009-03-15 00:00:00

The central bank has advised the local banks to remain cautious about impending risks involving credit, market, liquidity and other related aspects to face the ongoing global economic recession."The present global financial turmoil highlights the importance of addressing unexpected aspects...

China concerned over safety of its assets in US

From Fazle Rashid | 2009-03-15 00:00:00

NEW YORK, March 14: China has a foreign exchange reserve of $2000 billion, the largest in the world. More than 70 per cent of the $2000 billion are in dollar denominated assets. Prime Minister of China Wen Jiabao expressed concern...

Deflation fears rise for China

Jamil Anderlini | 2009-03-15 00:00:00

BEIJING: Prices paid by Chinese consumers fell for the first time in more than six years last month, the latest official data showed.The figures prompted warnings from economists that the government must act quickly if the country is to avoid...

Many Bangladeshis with valid visas unemployed in Malaysia

Munima Sultana from | 2009-03-15 00:00:00

Kuala LumpurA large number of the Bangladeshi workers who have come to Malaysia with valid calling visas are either unemployed or underemployed.Bangladeshi workers living in different parts of Kuala Lumpur, including 'Bangla Town' in Kota Raya, while talking to this...

poem

Mother of Bangalees | 2009-03-15 00:00:00

Faruque AsifOh! My great mother tongue,You have the honour and cordial love.You are the expectation of Bangalees.The symbol of protest, own rights of MotherYou are the impulse of movement and struggle.Unless you came of, this nation would die.Oh! dear motherYou...

Many advantages of waking up early to study

M A Islam | 2009-03-15 00:00:00

IN today's age of cell phone, Internet, satellite channels and many other attractions to keep oneself busy, it has been very usual for students to keep late hours at night. Also, in university dormitories in Bangladesh, it has been a...

Possible fallout from China-US naval standoff

Chris Buckley | 2009-03-14 00:00:00

A confrontation between a US navy ship and Chinese naval vessels off the Chinese island of Hainan has raised tensions between the two sides at a time of global economic crisis. The United States and China are deeply interdependent in...

Obama stands with his allies, of course

Andrew Taylor | 2009-03-14 00:00:00

In proposing only modest changes in how lawmakers finance their pet projects, President Barack Obama tossed aside a golden opportunity to work with Sen. John McCain. Instead, the president stood foursquare with his Democratic allies, the people he needs most...