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Discount war heats up at DITF

Shah Alam Nur | 2015-01-24 00:00:00

Competition has heated up at the Dhaka trade fair, with stalls offering discounts and gifts to attract buyers even as sales are sluggish, traders said. Due to countrywide blockade, the participants of the Dhaka International Trade Fair (DITF) see thinner...

Poultry farmers breathe new life

Arafat Ara | 2015-01-24 00:00:00

Poultry industry is almost free from bird flu for more than a year, helping the sector grow anew, industry people said. They said as the outbreak of avian influenza or bird flu virus has not been found from middle of...

BOI for housing by-product units

Ziaur Rahman | 2015-01-24 00:00:00

Relocation of tanneries from the city's Hazaribagh area to Savar Leather Industrial Estate will have a little impact on the environment unless the by-product industries, mostly relying on the leftovers from the tanneries, are relocated accordingly, experts and industry people...

Laptop loan for girl students

2015-01-24 00:00:00

The government has taken an initiative to provide loan to second year students of Eden Girls' University College at a lower interest rate for purchasing laptops. The decision was taken at a tripartite meeting held on Thursday at the office...

Digital Innovation Fair begins in Gaibandha

2015-01-24 00:00:00

GAIBANDHA, Jan 23: A three- day 'Digital Innovation Fair'-2015 began on Independence Square here on Thursday with a call to reach digital services to the doorsteps of the people. District administration has organized the fair under Access to Information Programme...

China manufacturing index edges up in January: HSBC

2015-01-24 00:00:00

BEIJING, Jan 23 (AFP) : Chinese manufacturing activity picked up marginally in January but still contracted, a closely watched gauge indicated Friday, as growth in the world's number two economy slows down. British banking giant HSBC said a preliminary reading...

IMF\\\'s Lagarde defends Europe in heated Davos debate

2015-01-24 00:00:00

DAVOS, Switzerland, Jan 23 (AFP) : It was supposed to be a serious debate about the merits of monetary stimulus, but instead a panel in Davos on Thursday featuring IMF chief Christine Lagarde, quickly degenerated into a skirmish over the...

Euro under pressure in Asia

2015-01-24 00:00:00

TOKYO, Jan 23 (AFP) :  The euro was on Friday close to its lowest levels in more than a decade after the European Central Bank launched a vast bond-buying programme aimed at kickstarting the eurozone economy. The single currency-which hit...

Indian rupee gains 35 paise against dollar

2015-01-24 00:00:00

MUMBAI, Jan 23 (PTI):  The rupee strengthened by 35 paise to 61.35 against the dollar in early trade Friday at the Interbank Foreign Exchange on strong selling of the US currency by exporters amid sustained capital inflows. Forex dealers said...

China’s use of yuan for cross-border business growing

2015-01-24 00:00:00

SHANGHAI, Jan 23 (AFP): China's use of its own yuan currency for cross-border transactions has increased "notably" to 9.95 trillion yuan ($1.63 trillion) last year, the central bank said Friday, without giving a comparative figure. China is seeking to make...

Hutchison to buy Telefonica UK unit for $15.4b

2015-01-24 00:00:00

MADRID, Jan 23 (Reuters) : Li Ka-shing's Hutchison Whampoa Ltd  has agreed to buy Telefonica's  British mobile unit O2 for up to 10.25 billion pounds ($15.4 billion), hastening the consolidation of Britain's telecoms industry. Hutchison already operates the Three Mobile...

Internet will \\\'disappear\\\': Google boss

2015-01-24 00:00:00

DAVOS, Switzerland, Jan 23 (AFP) : Google boss Eric Schmidt predicted on Thursday that the Internet will soon be so pervasive in every facet of our lives that it will effectively "disappear" into the background. Speaking to the business and...

IMF wants govt not to \\\'water down\\\' new VAT law

Syful Islam | 2015-01-24 00:00:00

The International Monetary Fund (IMF) has sought assurance from the government that it would not 'water down' the VAT (value-added tax) Act to meet the demands made by the country's business community, officials said. A government-formed committee, comprising businessmen and...

Foreign aid target for FY ’15 cut by $360m

FHM Humayun Kabir | 2015-01-24 00:00:00

The government has been forced to cut the annual foreign aid target by US$360 million to $3.30 billion this fiscal due to weak project execution on the part of its various agencies, officials said Friday. "We have already cut the...

Four more lives lost as blockade lingers on

FE Report | 2015-01-24 00:00:00

At least four more people died in separate incidents as the countrywide indefinite transport blockade by the BNP-led 20-party alliance passed off its 18th day Friday amid stray incidents of violence, available reports said. Very few long-route buses left or...

Prices of most essentials move upwards

FE Report | 2015-01-24 00:00:00

The prices of most of the essentials continued rising due to shortage of supply caused by a halt in transportation during the ongoing countrywide blockade, traders said. The prices of many commodities, including rice, pulses, vegetables and spices, increased further...

Saudi King Abdullah dies, Salman new ruler

2015-01-24 00:00:00

RIYADH, Jan 23 (Agencies):  Saudi King Abdullah bin Abdulaziz has died Friday, royal officials have announced, weeks after he was admitted to hospital. Abdullah, who had ruled since 2005 and was said to be aged about 90, had been suffering...

Bangladesh state mourning today

2015-01-24 00:00:00

The government annou-nced Friday a one-day national mourning for today (Saturday) to pay homage to Saudi King Abdullah Bin Abdulaziz Al Saud, report agencies. The national flag will fly at half-mast at all offices of the government, semi-government and autonomous...

Kamalapur Railway Station

2015-01-24 00:00:00

Two killed as 2 trawlers capsize in Gazipur

2015-01-24 00:00:00

GAZIPUR, Jan 23: Two people were killed as two trawlers capsized following a collision in the Shitalakkhya River at Nandia Sanghun of Sreepur upazila Friday. The deceased were identified as Asma Begum( 32), wife of Abdul Khaleque of Sutarpur village...

One killed in \\\'gunfight\\\'

2015-01-24 00:00:00

COMILLA, Jan 23: The chief of the notorious terrorist gang, 'Jisan Bahini', of Laxmipur was killed in a 'gunfight' with members of Rapid Action Battalion (Rab) on the Dhaka-Chittagong highway at Putia Bypass in Daudkandi upazila of Comilla district early...

10 injured in arson attack

2015-01-24 00:00:00

RAJSHAHI, Jan 23: At least 10 people suffered burn injuries in an arson attack on a bus in Tanore upazila on Friday evening. Witnesses said miscreants set fire to the bus hurling a petrol bomb at it in front of...

Visitors having a look at a photograph at the 8th Chhobi Mela

2015-01-24 00:00:00

Shipyards at Sitakunda face closure over blockade

Pankaj Dastider | 2015-01-24 00:00:00

CHITTAGONG, Jan 23: The ship- breaking yards in Sitakunda seacoast are on the verge of closure as it has suffered big economic loss in 18 days of the nationwide blockade from January 6 last. The blockade will leave some 0.2...

Audit on CAAB finds losses in revenue

Kamrun Nahar | 2015-01-24 00:00:00

Non-realisation of nearly Tk 96.66 million and US$ 9.66 million from different organisations and airlines has caused significant revenue losses to the government exchequer, a primary official audit has revealed. Office of the Comptroller and Auditor General of Bangladesh (CAG)...

Deferred payment allowed for 4 yrs for RMG machinery import

FE Report | 2015-01-24 00:00:00

Manufacturers of readymade garments (RMG) have been allowed the opportunity of taking three years more to make their deferred payment on import of capital machinery with prior approval from the central bank, officials have said. The Bangladesh Bank recently assured...

Aussie-S\\\'porean JV first to complete 2D survey

M Azizur Rahman | 2015-01-24 00:00:00

A joint-venture firm of Australia's Santos and Singaporean company KrisEnergy has completed two-dimensional (2D) seismic survey in the shallow-water hydrocarbon block SS-11 in the Bay of Bengal as the maiden operator in the country's maritime territory at present. Company-insiders said...

The makeshift book shops

2015-01-24 00:00:00

Professionals for talks to resolve political crisis

FE Report | 2015-01-24 00:00:00

Bangladesh Sammilito Peshajibi Parishad - a platform of professionals - has urged for a meaningful dialogue to resolve the ongoing political crisis that will pave the way for holding an acceptable and inclusive election. They also promised to continue their...

Khaleda won’t be spared if violence continues: Shajahan

2015-01-24 00:00:00

Shipping Minister Shajahan Khan said in the city Friday that Khaleda Zia would not be spared if the violence and anarchism continue in the name of blockade, reports BSS. He was addressing a rally of the newly- formed Sramik-Karmachari-Peshajibi-Muktijodha Samonnoy...