Financial Express

Substantial bad debt write-offs fail to tame default loan uptrend

The public, private and foreign commercial banks wrote off around Tk 106.00 billion non-performing loans (NPLs) until June 30 last. This has reduced the amount of default loans in the banking sector. The Bangladesh Bank (BB) introduced guidelines for writing off of the classified loans in 2003 aiming to improve the loan recovery a . . . . . . Read Full Story

Ministries back to spending spree amidst confusion over austerity

In the absence of a clear directive on austerity, most ministries and divisions have reverted to spending spree since the day one of the current fiscal (2006-07). Sources in the Ministry of Finance said the fiscal management might come under pressure if the prevailing situation is allowed to continue. Most ministries and divisions . . . . . . Read Full Story

HEADLINE

Ministries back to spending spree amidst confusion over austerity

In the absence of a clear directive on austerity, most ministries and divisions have reverted to spe

Substantial bad debt write-offs fail to tame default loan uptrend

The public, private and foreign commercial banks wrote off around Tk 106.00 billion non-performing l

UNSC passes ceasefire resolution

UNITED NATIONS, Aug 12 (Agencies): The UN Security Council unanimously approved a resolution Friday

POLITICS & POLICIES

SCBA demands constitutional commission to appoint judges

The Supreme Court Bar Association (SCBA) suggested formation of a constitutional commission to recom

Opposition demonstrate against Israeli air-strikes on Lebanon

Hundreds of opposition activists demonstrated in the city Saturday against Israeli air-strikes on Le

BSF killed 439 Bangladeshis in four years and 10 months

A human-rights watchdog Saturday said a 'humanitarian crisis' has been created on the border in the

METRO/COUNTRY

International Youth Day observed

The International Youth Day was observed in the country Saturday with the focus on issues of youth a

Power connections to six mills snapped at Ctg

CHITTAGONG Aug 12: On the charge of pilfering power, power connections to six mills and factories b

Breach in Durgabati cross dam submerges 10 more villages

SATKHIRA, Aug 12 (UNB): Breach in Durgabati cross dam on the Khola Petua River submerged ten more v

EDITORIAL

Utility service management needs a change

BANGLADESH, otherwise a resource-starved country, is rather lucky to have gas reserve both in its on

Testing time for the frozen food sector

BANGLADESH government has made testing of the prawn bodies mandatory before their shipment to the Eu

A plan for ensuring business security

THE recent incident -- snatching away of Taka 1.0 million -- in front of a Gulshan Bank from the st

VIEWS & OPINIONS

Uniqueness of principle-oriented leaders

FROM study and observation and from my own strivings. I have isolated eight discernible unique quali

Promoting environment with awards

THE environment is not just a matter for experts. It may be a complex and varied subject, but every

Coca-Cola and Pepsi ban extends across India

More bans are expected in the coming days in a political backlash against the US companies that has

LETTER TO EDITOR

A roadmap for increasing remittances

IT was estimated that remittances can double or treble within a short period of time if only prope

Chittagong port

Chittagong seaport is the economic life-line of Bangladesh. But, unfortunately, the port so far coul

COMPANIES & FINANCE

BGMEA for computerised mapping system to locate containers

The Bangladesh Garment Manufacturers and Exporters' Association (BGMEA) has demanded introduction of

Financial constraint impedes apiculture sector's growth

Apiculture in Bangladesh, in spite of having tremendous potential, is not thriving as a lucrative se

CSE to introduce derivatives as equity item

In a bid to popularise trading through derivatives among the brokers of the Chittagong Stock Exchang

BUSINESS/FINANCE

S Asia's macroeconomic stability, more job opportunities to help reduce poverty level

ISLAMABAD, Aug 12 (APP): The overall macroeconomic stability, enabling environment for investment, g

Immigrants not 'stealing jobs' from Americans

HOUSTON, Aug 12 (PTI): As debate over immigration policy generates heat in the US, there seems to be

India's industrial production grows by robust 9.6pc

NEW DELHI, Aug 12 (AFP): India's industrial production grew by a robust 9.6 per cent in June, accord

MARKET & COMMODITIES

Oil falls from record peaks in wake of thwarted bomb plot

LONDON, Aug 12 (AFP): Crude oil prices fell off record peaks this week as traders seized on news of

Dollar rides higher on robust US retail data

NEW YORK, Aug 12 (AFP): The dollar got a lift Friday from a sharp rebound in US retail sales which r

BP to keep oil gushing from Alaskan field

WASHINGTON, Aug 12 (AFP): BP said Friday it would continue to pump oil from part of a giant field in

SPORTS

Explosive Ashraful takes Bangladesh to victory

An incisive spell from Mashrafee Mortaza, miserly acts from the spinners and Mohammad Ashraful's qui

Dhaka DSA meet Magura in final round opener of Jubok Phone National Football

Dhaka DSA will take on Magura DSA in the opening final round match of the Jubok Phone National Footb

Champions Bayern defeat Dortmund in season opener

MUNICH, Germany, Aug 12 (AFP): Reigning champions Bayern Munich got their title defence off to a win

WORLD

Israel widens airstrikes into Lebanon

BEIRUT Aug 12 (AP): Israeli warplanes launched wide-ranging airstrikes and sent commandos into the H

Heavy shelling in Lanka as fresh fighting flares

COLOMBO, Aug 12 (AFP): Sri Lankan troops and Tamil Tiger rebels shelled each other's positions in th

China mops up after worst typhoon in 50 years

BEIJING, Aug 12 (AFP): Workers in southern China have shoveled large piles of mud and debris off the

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