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BGMEA boss airs concern over trade unions\\\' \\\'external\\\' influence

FE Report | 2015-04-22 00:00:00

The head of garment lobbyists Tuesday voiced concern over 'abuse' of power by trade union leaders, saying cultural lag makes them vulnerable to malpractice.   Md Atiqul Islam, president of the Bangladesh Garment Manufacturers and Exporters Association, also expressed his fear...

News Briefs

2015-04-22 00:00:00

Programming contest on Apr 29 The ICT division of the Ministry of Posts, Telecommunications and Information Technology is set to organise a nationwide programming contest on April 29 aimed at finding out next generation ICT leaders. The leading mobile-phone operator...

Correction

2015-04-22 00:00:00

The word 'foreigne' in the headline of the lead news on page 17 published on Tuesday’s issue of The Financial Express should be ‘foreign’.  In the first paragraph of the news item, 'on' is missing before the word ‘spend’. The...

Photo: Mutual Trust Bank Limited

2015-04-22 00:00:00

Centre launched to boost skills of garment workers

FE Report | 2015-04-22 00:00:00

The Centre of Excellence for Bangladesh Apparel Industries (CEBAI) was launched Tuesday with an aim to develop skills of garment workers while raising value addition to the industry.   The Bangladesh government, the International Labour Organisation (ILO), the Swedish government, leading...

Shahjalal Fertiliser Factory goes into operation by June

Shamsul Huda | 2015-04-22 00:00:00

Shahjalal Fertiliser Factory being set up at Fenchuganj in Sylhet at a cost of $1,062 million will commence operation by June this year, official sources said. Once the fertiliser factory is commissioned, they said, it will produce 1,750 tonnes of...

CHT development thru\\\' inclusiveness stressed

2015-04-22 00:00:00

Speakers at a seminar in the city on Tuesday laid emphasis on further development of the people of Chittagong Hill Tracts (CHT) by creating a conducive society through inclusiveness. The speakers laid emphasis on better communication system, quality education for...

Photo: Islami Commercial Insurance Co Ltd

2015-04-22 00:00:00

Exchange Rate

2015-04-22 00:00:00

DSEX hits fresh 16-month low

FE Report | 2015-04-22 00:00:00

Stocks fell further Tuesday, with prime index of the major bourse dipping below 4,300-mark and hitting fresh 16 months low as selling spree continued amid shaky confidence. The market began with the sell-off that continued till close of the session,...

GP expects technology-neutral auction for 1800 MHz spectrum

FE Report | 2015-04-22 00:00:00

The 18th Annual General Meeting (AGM) of Grameenphone Ltd. was held Tuesday at the Bashundhara Convention Center in the city. Chairman of Grameenphone Board, Sigve Brekke and Grameenphone CEO, Rajeev Sethi were present on the occasion, along with other Board...

\\\'IDLC Home Loan\\\' campaign wins award

2015-04-22 00:00:00

MEC, a media investment management company under the partnership between Group M& Asiatic 360, has recently been awarded as one of the top 40 world's best Integrated Campaigns for IDLC Finance's Home Loan Campaign by R3, a global consulting firm....

HSBC workshop on hedging of interest rate, forex risk held

2015-04-22 00:00:00

The Hongkong and Shanghai Banking Corporation Limited in Bangladesh Tuesday organised a workshop on hedging of interest rate and foreign exchange risk. The workshop was facilitated by Head of Global Markets, HSBC Bangladesh, Bashar M Tareq and Head of Corporate...

8 killed in daring daylight bank break

FE Report | 2015-04-22 00:00:00

At least eight people were killed and several injured in a daring daylight gang attack on a private commercial bank in Ashulia on the outskirts of the city Tuesday. Police and locals said the manager of Kathgara Bazar branch of...

No major progress in compensation

FE Report | 2015-04-22 00:00:00

No significant progress has yet been made in identifying missing workers, paying compensation and improving the socioeconomic conditions of the victims and their families even two years after the tragic Rana Plaza incident, a study report revealed Tuesday. The fourth...

EC warns Ershad, Khaleda

2015-04-22 00:00:00

Jatiya Party Chairman Hussein Muhammad Ershad cannot campaign for party-backed city poll aspirants since he holds government office as the prime minister's special envoy, Election Commission (EC) has said, report agencies. The commission also warned against BNP Chief Khaleda Zia...

Women found more vulnerable than men to climate disasters

FE Report | 2015-04-22 00:00:00

Women are more vulnerable than men in climate disaster-prone areas due to their income inequality and lack of rights to play a role in decision-making, a study has revealed. It recommended priority to gender equality issues in all related national...

Govt may rearrange sources of borrowing to meet deficit

Siddique Islam | 2015-04-22 00:00:00

The government plans to change its stance on borrowing from the country's banking system in the final months of the current financial year to meet the fiscal deficit.   The public sector bank borrowing reached a new low, negative 0.5 per...

Remittance money: Flies in, flies out

Shamsul Huq Zahid | 2015-04-22 00:00:00

Bangladesh, which is among the world's top 10 remittance earning countries, received around $15 billion from its expatriate workers in 2014. During the same period, foreigners working in different fields of Bangladesh sent back to their respective homes around $6.0...

TIB alleges non-transparency

FE Report | 2015-04-22 00:00:00

Transparency International Bangladesh (TIB) has found 'lack of transparency and dillydallying' in disbursing the funds deposited for the Rana Plaza collapse victims.    The country chapter of the Berlin-based international anti-graft watchdog came up with the findings while the second anniversary...

Candidates continue hectic campaign in scorching heat

2015-04-22 00:00:00

With just five days left for the curtain to fall on electioneering, the mayoral and councillor candidates and their supporters in the two Dhaka city corporations continued their hectic campaigns in different parts of the city on Tuesday begging votes,...

EC to deploy army

2015-04-22 00:00:00

In the face of a growing demand from different quarters, the Election Commission (EC) finally decided on Tuesday to deploy army in three city corporations in Dhaka and Chittagong from April 26 to 29, aiming to peacefully hold the crucial...

Prayer Timings

2015-04-22 00:00:00

Khaleda’s motorcade attacked again

2015-04-22 00:00:00

BNP chairperson Khaleda Zia's motorcade again came under attack by miscreants during her electioneering in the city' s Fakirapool area on Tuesday. A group of people hurled brickbats and stones at her motorcade as she was going to Nayaplatan through...

TIB for Tk 2.0b climate fund

2015-04-22 00:00:00

The Transparency International Bangladesh (TIB) has suggested allocation of at least Tk 2.0 billion (200 crore) under the Bangladesh Climate Change Trust Fund (BCCTF) in the budget for the fiscal year 2015-16. The suggestion was made in a statement issued...

Petrobangla ready to set up JV with Gazprom

M Azizur Rahman | 2015-04-22 00:00:00

Petrobangla is ready to establish a joint venture (JV) firm with Russian oil major Gazprom to run hydrocarbon exploration operations at home and abroad, said officials. The state-owned petroleum corporation sent its wish letter Tuesday to Managing Director and Chief...

US, UK concerned over pre-election violence

FE Report | 2015-04-22 00:00:00

Foreign diplomats from 17 countries, including the UK, India and EU, met BNP chairperson Khaleda Zia at her Gulshan office on Tuesday and discussed the latest political situation centring the city corporation election campaigns. "The diplomats, including ambassadors, high commissioners...

ADB lowers growth forecast to 6.1 pc

FE Report | 2015-04-22 00:00:00

The Asian Development Bank (ADB) has forecasted a lower economic growth - at 6.1 per cent - for Bangladesh in the current fiscal year (FY), 2014-15, due to political impact, from its previous estimation of 6.4 per cent seven months...

PM gets rousing reception in Jakarta

2015-04-22 00:00:00

JAKARTA, Apr 21 (Agencies): Prime Minister (PM) Sheikh Hasina arrived at the Indonesian capital of Jakarta amid a rousing reception on Tuesday afternoon on a three-day official visit to attend the Asian-African Summit 2015. The VVIP flight of Biman Bangladesh...

Photo: CEBAI

2015-04-22 00:00:00