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WEATHER

2015-05-16 00:00:00

Rain or thunder showers accompanied by temporary gusty/squally wind is likely to occur at one or two places over Rajshahi, Rangpur, Dhaka and Sylhet divisions and the regions of Noakhali, Jessore, Kushtia and Comilla in next 24 hours till 6pm...

News of Brief

2015-05-16 00:00:00

DUJA annual seminar held An annual seminar of the Dhaka University Journalist Association (DUJA) was held at the Nabab Nawab Ali Chowdhury Senate Bhaban of the University of Dhaka (DU) on Friday. DU Vice Chancellor Professor AAMS Arefin Siddique inaugurated...

BD to seek Chinese investment under buy-back arrangement

Syful Islam | 2015-05-16 00:00:00

Bangladesh will seek Chinese investment under buy-back arrangement, especially in manufacturing sector aiming to reduce growing trade deficit as Chinese vice premier Liu Yandong arrives in Dhaka on May 24, officials said. "Bangladesh's trade deficit with China is progressively increasing....

Higher source tax on RMG export proceeds likely

FE Report | 2015-05-16 00:00:00

Finance Minister AMA Muhith hinted at raising the existing rate of tax collected at source on export proceeds of the apparel sector as he Friday consulted the development researchers of a public sector think-tank on the upcoming budget fundamentals. "This...

Fortune seekers go for perilous sea journeys

Arafat Ara | 2015-05-16 00:00:00

Fortune seekers were undertaking perilous sea journeys for jobs abroad as the manpower markets in Middle East and Asia could not be explored effectively by the authorities, experts and sector-insiders have said. The experts said a poor outcome of official...

UN asks countries to keep ports open

2015-05-16 00:00:00

LANGSA (Indonesia), May 15 (Agencies): About 900 Rohingya and Bangladeshi migrants made it to shore in Indonesia and Thailand Friday, as Myanmar undermined calls for a coordinated response to Southeast Asia's human-trafficking crisis by threatening to boycott a planned summit....

Finance Div exploring IFC proposal on Taka bond

FHM Humayan Kabir | 2015-05-16 00:00:00

The government is weighing an International Finance Corporation (IFC) proposal to float a local currency bond worth US$1.0 billion on the global market to help boost private sector investment. Officials of the Ministry of Finance (MoF) said Friday the private-sector...

MV Shahidoot yet to be salvaged

2015-05-16 00:00:00

BAGERHAT, May 15 : Although about six months have elapsed since the capsize of a tourist vessel in the Shela River in the Sundarbans East Zone, the authorities are yet to come up with any effort to remove the sunken...

Two electrocuted

2015-05-16 00:00:00

Two people, including a child, died of electrocution and two others were injured during heavy rains in the city's Lalbagh area on Friday afternoon. The deceased were identified as Sohanur Rahman Rifat (11), son of Dulal, and Ruma Akhter (28),...

Padma Bridge opens to traffic in 2018: Quader

2015-05-16 00:00:00

MUNSHIGANJ, May 15: Road Transport and Bridges Minister Obaidul Quader said on Friday the construction of Padma Bridge would complete by 2018. "The bridge would be opened for traffic in that year (2018) too," he said after visiting the Padma...

Fire burns city slum, restaurant at Naya Paltan

2015-05-16 00:00:00

FE Report A devastating fire burnt down some 50 shanties at a Mahakhali slum while another blaze broke out at a Nayapaltan house in the capital Friday. The slum fire left at least two people injured, besides leaving many of...

Master agreement for Uttara flat project to be finalised

Jubair Hasan | 2015-05-16 00:00:00

The Rajdhani Unnayan Kartripakkha (Rajuk) is set to finalise the master agreement with the Malaysian authorities for implementing its largest flat project at Uttara Residential Model Town involving Tk 53 billion, officials said. They said the master agreement needs to...

Plea for initiative to evict dams, shrimp farms

2015-05-16 00:00:00

FE Report Speakers at a seminar in the city called upon the government on Friday to take initiative to evict all dams and shrimp farms (gher) from the canals of Mongla-Ghashiakhali river channel. They also said opening of the channel...

Rain brings relief

FE Report | 2015-05-16 00:00:00

After days of scorching heat, a spell of downpour brought respite to the city dwellers on Friday. The city people were suffering a lot due to rising mercury along with high humidity for the last few days. However, water-logging in...

The drain that cannot drain away rain water

2015-05-16 00:00:00

FE Report Constructed on the east of the Journalists' Housing along the Kalshi Road (Avenue number-1), a major surface drain has become a serious problem for thousands of residents of Sections 10, 11 and 12 of Mirpur. The major part...

Battery-run rickshaws again banned in Ctg

2015-05-16 00:00:00

Our Correspondent CHITTAGONG, May 15: The metropolitan police slapped a ban on battery-run rickshaws in the port city from Friday morning terming it illegal. The police held a meeting on Thursday and instructed the battery-run rickshaw owners and drivers to...

Westin Dhaka launches world standard breads

FE Report | 2015-05-16 00:00:00

The Westin Dhaka has introduced a wide range of world standard breads for its local customers at affordable prices. Those are scientifically researched, enriched in nutritional value and prepared in a wholesome environment. The five-star hotel organised on Thursday a...

Programme begins in city ahead of COP-21 in Paris

2015-05-16 00:00:00

FE Report The French Development Agency (FDA) is organising a weeklong series of events on climate change starting from today (Saturday) focusing on the 21st Conference of the Parties (COP21) to the United Nations Framework Convention on Climate Change to...

Detailed DSE Trading

2015-05-15 00:00:00

Tk 970b ADP for FY ‘16

FE Report | 2015-05-15 00:00:00

The government approved Thursday a Tk 970 billion Annual Development Programme (ADP) for the next fiscal year, 29 per cent up from the current fiscal year's revised outlay. In the current financial year (FY) 2014-15, the government has revised the...

GDP growth estimated at 6.51pc this fiscal

FE Report | 2015-05-15 00:00:00

The Gross Domestic Product (GDP) growth of the economy has been estimated at 6.51 per cent rate this fiscal, 0.45 percentage points up despite massive political shocks according to official data. The GDP growth rate in the current fiscal has...

Services sector bears brunt of turmoil

FE Report | 2015-05-15 00:00:00

An elite trade promotion organisation of the country said on Thursday the services sector was more affected by the January-March political turmoil than any of the two other key sectors-agriculture and manufacturing. The Metropolitan Chamber of Commerce and Industry (MCCI),...

NPLs mark 9pc rise in Q1 Political unrest blamed

Siddique Islam | 2015-05-15 00:00:00

The volume of non-performing loans (NPLs) in the country's banking system increased further in the first quarter (Q1) of the current calendar year mainly due to political unrest. The amount of NPLs rose by nearly 9.0 per cent to Tk...

BOP still remains fundamentally \\\'strong\\\'

Ahsan H Mansur | 2015-05-15 00:00:00

Despite the significant widening of the trade account and external current account deficits, the country's balance of payments (BOP) has remained fundamentally strong primarily due to much stronger financial account surplus $3.8 billion in nine months of the fiscal year...

Photo: A migrant Rohingya woman (R) from Myanmar

2015-05-15 00:00:00

Prayer Timings

2015-05-15 00:00:00

Seven held with 0.5m Yaba tablets in Ctg city

2015-05-15 00:00:00

CHITTAGONG, May 14: Members of Rapid Action Battalion (RAB) arrested seven people with half a million Yaba tablets in their possession from the outer anchorage of the port city early Thursday. Identity of the arrestees could not be known immediately....

Bangladeshi shot dead in S Africa

2015-05-15 00:00:00

NOAKHALI, May 14: A Bangladeshi expatriate was shot to death by alleged local extortionists in Masema, South Africa early Thursday. The deceased was identified as Omar Faruqe Swopon, 42, son of late Janu Mia of Dakhkhin Kadra village in Senbagh...

Statoil interested in PSCs on three deepwater blocks

M Azizur Rahman | 2015-05-15 00:00:00

The Norwegian Statoil has shown interest in inking production sharing contracts (PSCs) before exploring three deepwater blocks alone in Bangladesh as its US-based joint venture (JV) partner ConocoPhillips has backed out from signing the PSCs, officials have said. A representative...

Interpol’s red alert against BNP leader Salahuddin

2015-05-15 00:00:00

Interpol's Dhaka unit has sent a request to India with a red corner notice to arrest BNP leader Salahuddin Ahmed, says the Indian Telegraph, reports UNB. Meghalaya director-general of police Rajiv Mehta told The Telegraph over phone Thursday that Interpol...