Black money pours into stock market
Despite generous concession to the black money holders, whitening of black money has not been to the level as expected by the government. Other way round, it can be said that the concession offered by the government did not encourage the black money holde
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SEC expresses concern over market situation
The Securities and Exchange Commission has expressed concerns over the present situation at the stock markets which have been swelling fast in recent weeks, said a senior official of the commission.
'The commission's market monitoring committee at a meet
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AL leader beats up local daily editor
President of Gazipur Awami League Waziuddin Miah Friday beaten up the editor of local daily Mukta Sangbad to publish news on son of the AL leader.
Sohrab Hossain published a news that the AL leader son Biplob was manhandled by public after getting caught
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Information Commission facing difficulty in getting information
The Information Commission itself is facing difficulty in getting information from the Rajdhani Unnayan Katripakkha for handling a complaint against the town development authority under the Right to Information Act.
'The commission has decided to send an
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US visa fees rise
The US government will charge increased fees from non-immigrant visa applicants from Jun 4 this year.
The visa application fees had been re-evaluated due to increased service costs and the charges will apply in all countries, a US embassy press release
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Extrajudicial killings continue: Amnesty
The police and security forces in the country continued extrajudicial executions and applying excessive force against dissenting voices, the Amnesty International said in its latest report published on Thursday.
Women continue to be victims of acid throw
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Power, transport get priority in Tk 385b ADP
The National Economic Council Tuesday approved a Tk 385 billion annual development programme (ADP) for the next financial year 2010-11 giving priority to power generation and transport sector development.
The development budget is Tk 80 billion higher th
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Apple overtakes Microsoft as biggest tech company
Apple Inc shot past Microsoft Corp as the world's biggest tech company based on market value on Wednesday, the latest milestone in the resurgence of the maker of the iPhone, which nearly went out of business in the 1990s.
Apple's shares rose as much 2.8
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Ex Greek minister takes bribe from Siemens
A former Greek minister says he was given money by the German electronics giant Siemens.
His statement comes amid an investigation into bribes paid to politicians in return for contracts.
The former Socialist transport minister, Tassos Mantelis, told a
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Apple topples Microsoft’s throne
Microsoft’s dominance as the tech industry’s most valuable player has ended.
On Wednesday, Apple’s market capitalization edged past its longtime rival’s as investors made official what consumers have long suggested: Microsoft is no longer the industry’s
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Hugo Chavez Has a New Title Blogger
For someone who has been famously wary of the web — to the point where he called Twitter a — Venezuelan President Hugo Chavez is becoming quite the social media maven. That’s right, in addition to (surprisingly) getting , Chavez now has his .
Before you
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The Web Makes the World Happier
New research from UK research firm suggests that, on average, people around the world think that information technology (i.e. Internet access) increases their sense of freedom by 15% and improves their overall well-being. Altogether, our life satisfactio
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Linux Of PC Alternative
“Linux” is back into the attack in the desktop computers industry. The free Linux operating system successfully handled big tasks like running supercomputers, web servers and ATMs. Now Linux has a chance to finally challenge Microsoft Corporation’s who ar
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JS body for int'l arbitration for blowout compensation
A parliamentary body has asked Titas Gas Transmission Ltd to go for immediate international arbitration to get compensation for the Magurchhara gas explosion in 1997 from Niko.
The parliamentary public accounts committee also asked Titas and power and e
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CNG stations to be closed on weekdays
State-owned Titas Gas company finally seems to be moving to implement its order from June 1 about keeping closed the CNG refuelling stations from 9:00am to 4:00pm in Dhaka and adjoining districts in working days (Sunday to Thursday).
According to offici
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Consumers skeptical of Congress on regulation
Small investors angry with Wall Street about their battered portfolios see little relief coming from the Congress as it attempts the most sweeping overhaul of financial regulation since the 1930s.
After the financial crisis wiped out much of the retireme
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PDB-NTPC power plant to be set up in Ctg
The proposed 1,300MW coal-based power plant, a joint venture of the Power Development Board and India's NTPC, is likely to be installed in Chittagong instead of Khulna because of the latter's lack of infrastructure and insufficient draft of seawater in an
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Gulf awaits word on latest bid to plug oil leak
If oil stops flowing to the surface in the Gulf of Mexico, BP officials will know that their latest effort to plug a blown-out undersea well off the Louisiana coast was successful.
BP PLC was pumping heavy mud into the leaking well, and executives said W
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Govt must deal with power projects transparently
Former finance adviser to the caretaker government AB Mirza Azizul Islam has advised the government to deal with the power projects transparently but quickly.
'Please allay public concern with regard to implementing the power projects,' he urged the gove
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Expatriate Welfare Bank gets green light
The cabinet on Monday approved a bill for the enactment of a law to establish a specialized bank for the welfare of the expatriate workers.
The banking division placed the draft Prabashi Kalyan Bank Bill 2010 at the weekly cabinet meeting presided over b
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Kandiah new ADB chief for Bangladesh
The Asian Development Bank (ADB) has appointed Thevakumar Kandiah as the Country Director for ADB's Bangladesh Resident Mission (BRM).
He succeeds Paul J. Heytens who has been assigned as Country Director to ADB's resident mission in the People's Repub
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Export earning improves
The country’s earning from export improved in April, fueled mainly by reviving jute sector as well as gradual recovery of apparel shipment from a year of downturn.
Data compiled by the state-run Export Promotion Bureau (EPB) revealed that monthly export
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Pvt sector for restoration of business confidence
Entrepreneurs across the board want the coming budget to restore business confidence, which they say, suffered set backs due to the impacts of the global recession and the ongoing energy crisis.
Industrial production requires a supportive budget, they sa
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Agora launches SuperCenter in Chittagong
Agora has launched the first SuperCenter in port city Chittagong.
Afroz Rahim, chairman of Rahimafrooz Group opened up the shop while group managing director Firoz Rahim, director Niaz Rahim and Mudasir Murtaza Moin, CEO of Agora Ranjan D Silva along wi
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Thai crisis clips 2010 growth forecast
Thailand's economy grew at breakneck pace early this year but the deadly unrest that began in March has clipped the full-year growth forecast by 1.5 percentage points, officials said Monday.
Prime Minister Abhisit Vejjajiva said he would reach out to int
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Tax evasion, corruption, and the European bailout
When you hear an entire country has been faking its budget numbers for decades, then you know once you get into the weeds the details will be ugly.
The Greek finance ministry just issued a disturbing new report which shows that Greece is finding rampant
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Obama urges Republicans join him on immigration
President Barack Obama urged Republicans on Thursday to help him develop a comprehensive U.S. immigration overhaul even as they pushed for tougher border security measures.
Obama, who is sending 1,200 National Guard troops to Arizona's border with Mexico
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Lehman Brothers sues JPMorgan Chase
The estate of Lehman Brothers Holdings sued J.P. Morgan Chase, alleging that the firm helped drive Lehman into bankruptcy by forcing it to give up billions of dollars in cash reserves that it otherwise could have used to stay afloat.
The suit, filed Wedn
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Gulf leak eclipses Exxon Valdez as worst US spill
As BP labored for a second day Thursday to choke off the leak at the bottom of the Gulf of Mexico, dire new government estimates showed the disaster has easily eclipsed the Exxon Valdez as the biggest oil spill in U.S. history.
After an 18-hour delay to
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China says report on review of eurozone holdings 'baseless'
China, the world's largest holder of foreign exchange reserves, denied on Thursday a media report saying it was reviewing its holdings of eurozone debt, calling the report "baseless".
The Financial Times earlier said China was reviewing its eurozone debt
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DMTA gets cabinet nod
The cabinet has accepted the proposal of the communications ministry for establishment of Dhaka Mass Transport Authority (DMTA) for better traffic management in the capital and its adjoining areas.
The cabinet asked the concerned authorities to place it
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Marks and Spencer posts rising annual profits
British retailer Marks and Spencer on Tuesday posted rising annual profits and sales and declared that the “worst effects” of the country’s recession were behind the group.
Profits before tax and exceptional items, adjusted for property disposals, advanc
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Nokia and Yahoo forge maps and e-mail deal
Yahoo Inc and Nokia Oyj said they would team up to boost their mobile Internet offerings, seeking to regain market share lost to rivals like Apple Inc and Google Inc.
Starting in the second half of this year, Yahoo will host Nokia’s Ovi email on phones e
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Standard Chartered India to raise $588m
Britain’s Standard Chartered Bank on Tuesday began selling shares in India, hoping to raise up to 588 million dollars in the first initiative of its kind in the country by a foreign firm.
The London-based lender is selling shares through Indian Depositor
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Cambodia discovers ‘remarkable’ gold reserve
Cambodia said Monday that Australian firm OZ Minerals had discovered around 8.1 million tonnes of gold on its territory, ahead of a conference intended to draw in mining investment.
Some 60 local and foreign firms including companies from Australia, Chin
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