BB purchase of dollar likely to push up inflation
Demand for dollar in the inter-bank market is very low. As a result, banks having more dollars, than their quotas permit, are facing problems with the excess amount. However, the central bank is rescuing the banks almost regularly by purchasing excess dol
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Export growth likely to remain bright spot for US
U.S. exports dipped in January, the government said Thursday, but economists weren't fazed. They predict export growth will be a bright spot for American manufacturers through the rest of 2010.
President Barack Obama is banking on further improvement to
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PM visit to China to boost Sino-Bangla ties
The visit of Prime Minister Sheikh Hasina to China would produce substantial results, consolidate traditional China-Bangladesh friendship, deepen the comprehensive cooperation partnership between two countries, and elevate Sino-Bangladesh relationship to
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Greece hit by strikes, clashes over austerity plan
Clashes between riot police and rock-throwing, masked youths broke out during a demonstration Thursday in central Athens by tens of thousands of striking workers protesting austerity measures that the Greek government has said it has no choice but to impl
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Mexico's Slim becomes 'world's richest' person
Mexican telecom tycoon Carlos Slim is the first man from a developing nation to become the world's richest person - a shift that underlines the loosening of America and Europe's stranglehold on the top spots in the billionaires' club.
Slim's arrival at t
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StanChart to collect Green Delta premium
Standard Chartered Bank has recently signed a premium collection agreement with Green Delta Insurance Co. Ltd. The ceremony took place in Standard Chartered Bank head office in Gulshan. Under this agreement, Standard Chartered will be authorised to receiv
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4 directors appointed at BB
The government Thursday appointed four new directors to the Bangladesh Bank (BB), the country's central bank, for three years term, officials said.
The Ministry of Finance issued four separate orders in this connection with the approval of the President
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Sony to roll out 3D TVs in Japan in June
Sony said Tuesday it would start selling 3D televisions in Japan in June, aiming to ride a new wave of interest in the technology thanks to recent movies such as sci-fi blockbuster "Avatar".
The Japanese giant said its first 3D liquid crystal display TV
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7 Tough Interview Questions Great Answers
You've just received word from the human resources manager that your resume made the cut. Next stop: the interview.
The job interview is your opportunity to create a positive impression of yourself, and can mean the difference between the door opening,
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Your New Job References Google and Facebook
Google yourself right now. What comes up under your name can either get you a job or a client - or cost you one. While searching your own name online has been derided as an "ego search," one recent study found 53 percent of employers are conducting backg
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The 13th Convocation of IUB Holds
Independent University, Bangladesh (IUB) celebrated its 13th Convocation with conferring degrees to 660 students on Tuesday, March 02, 2010 at Bangabandhu International Conference Centre in Dhaka. The Vice Chancellor of IUB Prof. Bazlul Mobin Chowdhury co
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Seminar on Aloasbei at AIUB
Microsoft, Grameenphone and Faculty of Science and IT jointly organized a seminar on the newly developed platform 'ALOASHBEI' on February 24, 2010, Wednesday at AIUB campus.
Prior to the seminar almost 200 students of the Faculty of Science and IT of A
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ULAB Faculty Publish Book Word Map
An inter-disciplinary team of faculty from the University of Liberal Arts Bangladesh (ULAB) have published a unique English vocabulary-building book titled, 'Word Map.' This book for the first time in Bangladesh uses a unique strategic approach to build v
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Steel exporters for removing non tariff barriers in India
Steel exporters have demanded that the government should lobby with its counterpart in India to remove non-tariff barriers that stand in the way of steel product exports to the northeast states of India, which they consider a good market.
Such barriers i
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Essar in talks to buy Trinity Coal
Indian conglomerate Essar Group is in talks to buy Trinity Coal from US private equity firm Denham Capital for $550-$600 million, a source familiar with the matter said, as it looks to fuel its steel and power plants.
Essar, controlled by billionaire bro
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US deficit, debt to exceed forecasts
The United States will chalk up a wider budget deficit and higher national debt than projected by US President Barack Obama over the next decade, new estimates by Congress showed Friday.
Obama has underestimated the government budget deficit for the 2011
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Bashundhara Group to procure two ultra-modern dredgers
The Bashundhara Group (BG) is going to pace up the capital dredging project for the major rivers and the coastal belts.
The project will assist the government in dredging the rivers.
The BG in its latest bid to help the state retrieving safer navigabili
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GABV targets to reach unserved people
The three-day second summit of the Global Alliance for Banking on Values (GABV) was held in Dhaka recently.
In the programme, world's leading 'sustainable' banks has vowed to deliver services to unserved people and communities and contribute to the envir
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BO accounts surge in stock market
The capital market is facing a large number of additional investors every month in normal situation without any big issue.
In February 1,80,000 Beneficiary Owners (BO) accounts were opened by the aspiring investors, whereas in January 1,15,000 such accou
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Global rice stock on rise
Despite crop loss in major rice producing countries, including India and the Philippines, the global stock of the staple grain showed comfortable increase in the recent time.
Rice Today, a quarterly report of the International Rice Research Institute (IR
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HSBC Bangladesh reports strong performance
The Bangladesh operation of HSBC has reported a stronger 2009 performance compared to 2008.
Total profit before tax (PBT) of Onshore and Offshore businesses registered a 12 per cent growth in 2009 against the corresponding period of the previous year.
C
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VW, BMW suffer fall in profits
Europe's biggest carmaker, Volkswagen, has reported an 80% fall in annual net profits to 960m euros ($1.3bn; ?872m).
Operating profits also fell, down 71% from a year earlier to 1.9bn euros, while revenues fell 8% to 105bn euros.
Another German carmake
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Dhaka become popular destination for data entry outsourcing
Dhaka has outshined Indian cities such as Bangalore as the Bangladeshi capital is fast emerging as a major centre for data entry work that employs tens of thousands of people.
Dhaka is now ranked third among global cities where online jobs are outsourced
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Gov't may seek more authority on vehicle safety
Government vehicle safety regulators may seek greater authority to investigate defects in cars and trucks and are weighing a range of new safety requirements in response to Toyota's recall of more than 8 million vehicles over brake and acceleration proble
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Businessmen for tax incentive to perform more CSR
The business community stressed the need for providing policy support, including tax incentives, to encourage the business sector to perform more corporate social responsibility (CSR).
The businessmen said the primary responsibilities of a firm are to pr
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Reports on Human Rights in Bangladesh
Bangladesh is a parliamentary democracy of 155 million citizens. On December 29, 2008, the Awami League (AL) alliance led by Sheikh Hasina Wazed won 263 of 299 parliamentary seats in elections international and domestic observers considered to be free and
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SEC intervention in market
Investors especially the small ones are the worst sufferers of too much interference by the Securities and Exchange Commission. The regulator is actually damaging the market sentiment whereas it has the responsibility to develop the market in general and
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Urbanisation, income gulf may put nation in economic peril
Dual sessions must also address soaring housing prices
With the annual session of the Chinese People's Political Consultative Conference (CPPCC) National Committee opening today and the session of the National People's Congress (NPC) approaching, people
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Letter To The Editor
Coal supply mystery
We are going to import coal for our new electric generation station (press report). Why import coal when we have about two billion tons of usable untapped coal deposits in Bangladesh?
Barapukuria could meet to a large extent our sh
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SEC interference sends the market into a spin
The interference of the Securities and Exchange Commission in the market has shaken the confidence of the investors as Dhaka stocks experienced sluggish trend for the last month.
The average weekly turnover of the last week hit the lowest during the firs
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US report raises concern over rising political violence
The US State Department's 2009 Human Rights Report on Bangladesh, released Thursday, raised concerns over reports of rising political violence.
It also highlighted unlawful killings by security forces and the government's failure to investigate the deat
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Food security in doldrums over poor aman procurement
In its bid to push down the price of rice, the government has decided to procure 25,000 tonnes of 'atap' rice from Myanmar. Recently price of course variety of rice registered a slight fall in the open market. The fall in the price is considered very tem
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Money whitening scheme uncertain in next budget
Finance minister AMA Muhith has said there will be no scope to "whiten money", or legalise previously undisclosed income, in the next budget.
"We don't want to allow any opportunity of whitening money. But we have to consider prospective investors as we
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UPDF collects Tk 120cr as extortion
The United Peoples Democratic Front (UPDF) in the Chittagong Hill Tracts (CHT) allegedly earns Tk 120 crore from extortion each year, the visiting parliamentary standing committee on the CHT affairs was informed on Saturday.
"There is an estimation that
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Steps taken to tighten control on mobile phone crimes
The government has introduced some fresh measures tightening the registration process of SIM (subscriber identity module) and RUIM (removable user identity module) cards, following a rise in cellphone use for criminal activities.
Persons under the age of
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Dow Jones SAFE index includes 4 local cos
Global Dow Jones SAFE 100 Index has added four more Bangladeshi companies in the index.
The companies are Beximco Pharmaceuticals Ltd, British American Tobacco Bangladesh Co Ltd, Titas Gas Transmission & Distribution Co Ltd and Dutch Bangla Bank Ltd, acc
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Draft PPP policy finalised
The Prime Minister's Office (PMO) has finalised a draft Public-Private Partnership (PPP) policy keeping provision for promoting local investors in implementing infrastructure projects each costing up to $10 million.
A draft policy of public-private partn
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NYC apartment complex sold at auction
The developer of a high profile middle-class Harlem apartment complex has lost ownership of the property after defaulting on the mortgage.
A lawyer for Laurence Gluck confirmed Friday that Wells Fargo, acting as a trustee for bond holders, won the auctio
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