Food inflation reaches double digit
Food inflation in January reached as high as 10.56 per cent on a point-to-point basis, crossing the double-digit mark again after 15 months. The food inflation was 12.02 per cent in September 2008.
The inflation was even higher in urban areas in January,
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Consumers' plight continue
Like hundreds of other laws, Consumers' Rights Protection Law (Act) is not in operation. The authority does not apply the law because of its own weaknesses and innumerable loopholes in the law passed by the parliament almost a year ago. In this situation
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Samsung aims for double-digit sales growth
Samsung Electronics predicted a strong 2010 as economic expansion in advanced and large developing economies gains speed and said it is aiming for double-digit sales growth from last year's record high.
The world's largest manufacturer of flat screen tel
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China tells Washington to cool yuan pressure
China is sending a Cabinet official to Washington in a bid to defuse trade tensions, the government said Friday, as it called on U.S. leaders to cool the "politicization and emotionalization" of a currency dispute.
A deputy commerce minister, Zhong Shan,
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Germany: IMF help for Greece not ruled out
Germany said Friday it isn't ruling out financial aid from the International Monetary Fund for Greece, but insisted no decision is needed now, even as the EU executive chief called for an agreement as soon as possible to ease the debt crisis.
EU leaders
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Palm's phone sales slump and its stock dives
Palm Inc. reported sales figures Thursday that showed it's having a difficult time getting consumers to pay attention to its phones in a market dominated by iPhones and BlackBerrys. The company's shares plunged in after-hours trading.
The company shipped
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Separate pay scale for BB staff
The Board of Directors of Bangladesh Bank (BB) has approved a separate pay scale for its officials and employees.
The pay scale will now be sent to the finance ministry for its nod, the central bank officials said.
Details about the pay scale could not
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GP served SEC notice
The stock market regulator has served notice on Grameenphone (GP) for non-compliance with securities rules.
The Dhaka Stock Exchange (DSE) in a web posting said the Securities and Exchange Commission (SEC) has served the notice in connection with GP's u
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Porsche takes top spot in dependability study
Porsche shot to the top of a closely watched study of long-term vehicle dependability, overtaking US and Japanese rivals, JD Power and Associates said Thursday.
The German sports car brand took the No. 1 spot in the annual study, which gave it ninth plac
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Boeing speeds up 777,747 production due to demand
Boeing will speed up production plans for its 777 and 747 models in anticipation of greater demand from commercial airlines in a couple of years.
The aircraft maker, based in Chicago, said Friday it will increase production of its fuel-efficient 777 wide
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12 Ways To Advance Your Career In 5 Minutes Or Less
A proactive approach to long-term goals is necessary for career advancement. And, while it's important to focus on the big steps that will help you climb the corporate ladder, don't forget that small actions can have a big impact too.
This article explor
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5 Essential Social Media Tips for B2B Marketers
When we write about how companies or individuals are using social media in their marketing strategies, it's usually in the context of a business to consumer relationship. However, business-to-business (B2B) marketing is really getting a boost from social
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FAO-AIUB Organizes Seminar On Food Security And Policies
AIUB hosted a seminar in collaboration with the National Food Policy Capacity Strengthening Program (NFPCSP),FAO, United Nations on March 11, 2010 in Campus Auditorium. There were two speakers who alternately discussed the topic, namely: Prof. Dr. Stanle
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International Women's Day observed at IUB
The Department of English and the Department of Modern Language of Independent University, Bangladesh (IUB) organized a day long programme to celebrate the International Women's Day on 8th March, 2010 at Baridhara campus.
The program titled as 'The world
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ULAB and Katalyst Conduct Second Business Journalism Forum
The University of Liberal Arts Bangladesh (ULAB, http://www.ulab.edu.bd), in collaboration with Katalyst a roundtable discussion entitled "Supplying, Reporting and Using Business News in Bangladesh" conducted on March 11. The forum looked into the supply
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Inflation, power shortage main challenges to attain 6pc growth
The Metropolitan Chamber of Commerce and Industry (MCCI) has demanded that the corporate tax rate for non-listed companies should be reduced to 32.5 per cent from the existing 42.5 per cent.
Income tax rate for banks, non-bank financial institutions and
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Korean tean discusses coop with BG
A seven-member high-powered trade and technical delegation from Republic of Korea met the Managing Director of the Bashundhara Group (BG), a leading industrial and business conglomerate in the country, at its chairman's house.
Member of the National As
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18 cos launches IP phone service
Eighteen local companies have launched internet protocol (IP) telephony services as the government has allowed talk through VoIP (voice over internet protocol) technology within the country.
The existing users, connected by local internet service provide
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Panasonic unveils new airconditioners
Japan's electronics maker Panasonic has launched its latest energy-saving, eco-friendly airconditioners in Bangladesh, the company said in a statement yesterday.
The airconditioners are based on "intelligent inverter and eco-patrol" technology.
The en
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MFIs must ensure vast outreach programme
Microfinance institutions (MFIs) have to ensure vast outreach programmes, financial sustainability and positive impacts on their borrowers to become successful and effective, suggests a study.
Once an MFI goes by these prerequisites, it will be able to e
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PM urges Thailand to set up food processing units
Prime Minister Sheikh Hasina Tuesday requested Thailand to help Bangladesh for setting up food processing industries in the country.
She made the plea when the outgoing Thai Ambassador to Dhaka Chaermpol Thanchitt called on her at the prime minister's of
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Shell to boost production
Oil company Royal Dutch Shell PLC said Tuesday it will boost production by 11 percent by 2012 from 2009 levels, slightly more than previously forecast, and sell assets and cut more jobs.
The targeted output rise, to 3.5 million barrels of oil per day, wo
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Transcom launches new packs
Transcom Beverages Ltd, the franchisee of PepsiCo International, yesterday launched easy-to-carry packs for its soft drinks in Bangladesh.
The company named the new size "Go Pack" which will be available in Pepsi, Mirinda, 7Up and Mountain Dew bottles.
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Ploy against Karnaphuli Paper Mills alleged
Paper merchants yesterday alleged that a group of Karnaphuli Paper Mills (KPM) employees was involved in spoiling factory operations in a deliberate attempt to create scope for private players to grab a market share.
The allegation was placed at a meetin
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China vows to support steel mills
China said Tuesday it will support domestic steel mills in their thorny iron ore price negotiations with global miners even after the Australian government bluntly told Beijing to stay out of the talks.
"As the world's largest iron ore consumer, the inte
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FedEx sees economic recovery spreading
FedEx says the global economic recovery is broadening, as Asia continues to see strong growth and the US economy gains steam.
Fred Smith, CEO of the world's second-largest package delivery company, predicted a "relatively strong" first half as major econ
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Orascom to sell $102m bond
A mobile phone operator raised $102m through Bangladesh's biggest corporate bond deal, in another sign that the country's capital markets are flickering back into life.
Orascom Telecom Bangladesh, a subsidiary of Egypt's Orascom Telecom, smashed the prev
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Internet service charges to be reduced
Bangladesh Telecomm-unication Company Limited has decided to reduce further broadband internet service charges with effect from April 1.
The BTCL managing director SM Khabiruzzaman disclosed the decision to reporters at the company's conference room in t
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ICB AMCL declares NAV of 2 funds
ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared the net asset values (NAV) of its two unit funds, according to a press release.
ICB AMCL Unit Fund: The total NAV of ICB AMCL Unit Fund
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Lucas motor show held
Leading global automobile companies brought new models of cars to attract Bangladeshi buyers at a three day motor show, which started on Thursday at the Bangabandhu International Conference Centre in the city.
Distributors launched new models of cars fro
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BASF honoured as ‘Germany's fastest growing firm’
BASF became ‘Germany's fastest growing company’.
The distinction was awarded by the daily newspaper "Die Welt", says a press release.
For the first time ever, a five-member jury examined how the 500 largest companies in Germany have developed over the p
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Daimler to invest Rs 44b in India
The world's largest truck maker Daimler today said it will invest Rs 44 billion over the next five years to set up a manufacturing plant here.
Following its aborted joint venture with the Hero Group, the company is also looking for partners for its India
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CG improving in Bangladesh
Brummer & Partners Bangladesh in association with the Institute of Governance Studies (IGS) of BRAC University Thursday organised a day-long workshop on the state of corporate governance in Bangladesh.
Objective of the workshop, organised at a local hote
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Help educate poor students, says BB governor
Bangladesh Bank (BB) Governor Dr. Atiur Rahman Thursday urged private banks to help fund higher education of meritorious students coming from poor families as part of their corporate social responsibility.
The governor said banks and affluent people must
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Citibank to provide service to AEPZ investors
Citibank, NA will provide their banking service through Off Shore Banking Unit to the investors of Adamjee Export Processing Zone (AEPZ).
In this connection, an agreement was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and Cit
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Morgan Stanley asked to hire StanChart team
Morgan Stanley, ranked third in investment-banking fees for 2009, hired Janice Dunnett and two other executives from Standard Chartered Plc's convertible bonds team in Hong Kong, people with knowledge of the matter said.
Dunnett, former global head of co
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Tata Teleservices flies on Quippo deal
Tata Teleservices (Maharashtra) has zoomed after selling its tower business to Quippo Telecom Infrastructure and Wireless TT Info Services (Quippo-WTTIL) for Rs 13 billion. The Tata group company is quoting at Rs 24, stronger by Rs 1 or 4.4 per cent, on t
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50,000 textile engineers needed in 10 yrs'
Textiles and jute minister Abdul Latif Siddiqui Thursday laid importance on development of textile engineering colleges saying the country would need fifty thousand textile engineers in next ten years.
The minister said this at a views exchange meeting a
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Judiciary in Bangladesh: Review 2009
A. Introduction:
The concept of "Governance" is as old as the human civilization; it indicates the process of decision making and implementation of those decisions. Governance is integrated contextualized concept which comprises of local governance, eco
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Back to double-digit inflation period
The inflation trend is worrisome as it is increasing from 2.3 per cent in June, 2009 jumping to 4.6 per cent in September and then again to 8.5 per cent in December the same year. it is possibly now a double-digit inflation going up in the first quarter
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China is good news for Latin America
The establishment of the Latin American and Caribbean Community (LACC) with 25 members in Mexico on Jan 23 is fresh indication that Latin America is continuing to move away from Washington, because the new organization excludes the United States. With Can
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Letter To The Editor
Tourism expansion and govt mindset
Government high-ups and policy makers have hazy as well as negative ideas about tourism. They firmly believe that to attract foreign tourists to Bangladesh, the country needs to have nightlife facilities, bars, mass
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Govt lacks capacity to spend it earns
The country had surplus budget of Tk 9.46 billion in the July-December period of the current fiscal meaning the government did not have the capacity to spend the revenue it earned in the period.
Finance minister Abul Maal Abdul Muhith Tuesday informed t
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Open pit system suggested
Energy and mineral resources ministry has recommended to mine coal from Phulbari and Barapukuria through open pit mining system.
Energy state minister Enamul Haque has sent recommendations to cabinet to take decision on urgent basis in this regard.
The
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China becomes a dependable import source for Bangladesh
Bangladesh found its largest and dependable import source in the Peoples' Republic of China. Users are happy with the quality and durability of the goods made-in-China and importers are also satisfied as they are not facing any awkward situation with thei
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Dhaka signs fertiliser unit, bridge deals with Beijing
Bangladesh and China have signed three accords and one memorandum of understanding to strengthen cooperation in the fields of economy and technology, infrastructure and energy.
The agreements were signed after formal talks between Bangladesh Premier Shei
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Power Division fails to utilise ADP allocation
There is no good news for the country's trade and industry sector as the power division is going to fail to utilise its total allocated fund of Tk 3,133 crore in the current fiscal.
Finance Minister Abul Maal Abdul Muhith in his first ever budget impleme
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FedEx profit more than doubles, tops expectations
FedEx Corp raised its fiscal-year outlook on Thursday after quarterly profit more than doubled, with strong Asian export volumes more than compensating for flat U.S. demand.
Although the package delivery giant said the economic recovery was broadening, i
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Nike 3Q profit rises, helped by improved sales
Nike Inc. said stronger sales helped boost its third-quarter profit and its shares soared in after-hours trading Wednesday.
Nike, the world's largest athletic shoe and clothing company, reported after the market closed that it earned $496 million, or $1.
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Health care battle tilts Obama's way
One by one, House Democratic fence-sitters began choosing sides Friday, and the long, turbulent struggle over landmark health care legislation tilted unmistakably in President Barack Obama's direction.
In full campaign mode, his voice rising, the preside
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