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Midland Bank, Central Procurement Technical Unit sign MoU

2015-01-16 00:00:00

Midland Bank Limited signed a memorandum of understanding (MoU) with the Central Procurement Technical Unit (CPTU) of the Implementation Monitoring and Evaluation Division (IMED) under the Planning Ministry in the city on Wednesday, says  a statement. Managing Director & CEO...

News Briefs

2015-01-16 00:00:00

6th Social Business Day May 28 The 6th annual Social Business Day will be held in the city on May 28 with the theme of 'Turning Unemployment into Entrepreneurship'. Nobel Peace Prize Laureate Prof Dr Muhammad Yunus will host the...

Photo: Bangabandhu Gold Cup International Tournament 2015

2015-01-16 00:00:00

Photo: State Minister for ICT Division Zunaid Ahmed Palak speaking

2015-01-16 00:00:00

Country\\\'s per capita health spending rises

2015-01-16 00:00:00

Per capita health expenditure has increased to $27 in the country, but the government's share still remains low, which experts said is "not consistent" with the goal to achieve universal health coverage. A new 'Bangladesh National Health Accounts' released on...

Chinese co to invest $3.345m in Uttara EPZ

2015-01-16 00:00:00

M/s Shanzhou (Bangladesh) Packing Limited, a Chinese company, is going to establish a packing materials manufacturing industry in the Uttara Export Processing Zone (EPZ) involving US$3.345 million. In this connection, an agreement was signed between Bangladesh Export Processing Zones Authority...

Palak for digitised admin to make public services smooth

2015-01-16 00:00:00

The government has attached priority to digitise administration to make public services smooth and transparent aiming to supplement the efforts for building "Digital Bangladesh" by 2021. State Minister for ICT Division Zunaid Ahmed Palak said this while addressing a seminar...

Photo: Sonali Bank

2015-01-16 00:00:00

exchange rate

2015-01-16 00:00:00

China Dec bank loans post big miss, reliance on credit losing its potency

2015-01-16 00:00:00

BEIJING, Jan 15 (Reuters): Cautious Chinese banks issued far less credit in December than expected despite a surprise rate cut by the central bank, driving cash-starved companies into the shadow banking system in a major blow to the government's financial...

BOJ keeps upbeat view on most regions of Japan

2015-01-16 00:00:00

TOKYO, Jan 15 (Reuters): The Bank of Japan maintained its upbeat economic assessment for eight of Japan's nine regions in a quarterly report on Thursday, signalling that the country is on track to emerge from recession without additional monetary easing....

Russian rouble falls back as oil renews retreat

2015-01-16 00:00:00

MOSCOW, Jan 15 (Reuters): Russia's rouble weakened on Thursday as global oil prices resumed their slide and investors were nervous at the prospect of Russia being downgraded to 'junk' status. At 0840 GMT the rouble was around 1 per cent...

Eurozone exports rise in November

2015-01-16 00:00:00

BRUSSELS, Jan 15 (AFP): The eurozone trade surplus narrowed slightly in November, official data showed Thursday, though a slight rise in exports offered a glimmer of hope for more solid growth in the struggling single currency bloc. The eurozone posted...

Switzerland scraps euro rate cap, shocking markets

2015-01-16 00:00:00

GENEVA, Jan 15 (AFP): Switzerland's central bank said Thursday it was ending a three-year bid to hold down the value of its currency against the euro, in a surprise announcement that sent stocks plunging and the franc soaring almost 30...

Photo: SEOUL, Republic Of Korea: Pedestrians walk past a sign advertising

2015-01-16 00:00:00

Stock prices remain steady amid lower turnover

FE Report | 2015-01-16 00:00:00

Dhaka stocks Thursday ended the week's last session with a flat rise in benchmark index and a minor fall in turnover value as investors have adopted 'cautious' policy amid the situation prevailed across the country, experts said. They said market...

UCB signs term sheet with IDLC Finance

2015-01-16 00:00:00

United Commercial Bank Limited (UCB) Thursday signed a Term Sheet with IDLC Finance Limited  at the Corporate Head Office of the Bank. The signing is initiated to issue 'UCB Second Subordinated Bond' of BDT 5.0 billion as Tier-II Capital.   Muhammed...

Cash dividend dispatched Saiham Textile Mills

2015-01-16 00:00:00

The Company has informed that Cash dividend for the year ended on June 30, 2014 has been dispatched to the respective shareholders Bank Accounts through Bangladesh Electronic Fund Transfer Network (BEFTN) System. Dividend warrant has been dispatched through Register Post...

Appollo Ispat upgraded to A category

2015-01-16 00:00:00

Appollo Ispat Complex Limited has been upgraded to Category 'A' from Category 'N', said a statement. The transaction of shares of the company, the manufacturer of Rani Brand C.I. sheet, started as Category A scrip from Thursday. The company offered...

Bank Asia opens new branch in Tangail town

2015-01-16 00:00:00

The 98th Branch of Bank Asia started operation in the Tangail town from Thursday. Dr. M.H. Khan, a renowned physician of the district formally inaugurated the new branch at Masjid Road in the town. Mr. Md. Nasir Uddin, Head of...

Prime Financial Unit Fund NAV disclosed

2015-01-16 00:00:00

Prime Finance Asset Management Company Limited (PAMC) has declared the Net Asset Values (NAV) of Prime Financial First Unit Fund, the first private sector unit fund in Bangladesh, according to a press release. The total NAV of Prime Financial First...

Malek Spinning div dispatched

2015-01-16 00:00:00

The Company has informed that Cash dividend for the year ended on June 30, 2014 has been dispatched to the respective shareholders Bank Accounts through Bangladesh Electronic Fund Transfer Network (BEFTN).     — DSE Online

News Briefs

2015-01-16 00:00:00

Withdrawal of authorised representatives Mona Financial Consultancy Mona Financial Consultancy and Securities Ltd., DSE TREC No. 164, has withdrawn two of its authorised representatives namely, Mr. Md. Mahmudul Hasan and Mr. Md. Syeedur Rahman, with immediate effect. Crest Securities Crest...

Photo: Mutual Trust Bank Limited (MTB)

2015-01-16 00:00:00

Bank Asia opens new branch in Tangail town

2015-01-16 00:00:00

The 98th Branch of Bank Asia started operation in the Tangail town from Thursday. Dr. M.H. Khan, a renowned physician of the district formally inaugurated the new branch at Masjid Road in the town. Mr. Md. Nasir Uddin, Head of...

Photo: MUMBAI (January 15): An Indian man watches

2015-01-16 00:00:00

Sensex surges over 700 points

2015-01-16 00:00:00

MUMBAI, Jan 15 (Reuters): The BSE Sensex and Nifty rose more than 2.5 per cent on Thursday, marking their biggest daily gain in eight months, after blue-chips led by interest rate-sensitive stocks surged on hopes the central bank's surprise rate...

Six cos that stand to benefit from RBI rate cut

2015-01-16 00:00:00

MUMBAI, Jan 15 (Economic Times): Shares of rate sensitives such as banks and NBFCs surged in early trade after the Reserve Bank of India (RBI), in a surprise move, lowered repo rate by 25 bps. The path of inflation, while...

HK shares close up

2015-01-16 00:00:00

HONG KONG, Jan 15 (Reuters): Hong Kong shares finished higher on Thursday afternoon, reacting to a surge in stock markets on the mainland that were boosted by prospects of more stimulus measures to support economic growth. The Shanghai index experiencing...

Global markets thrown into turmoil as Swiss let franc soar

2015-01-16 00:00:00

LONDON, Jan 15 (Reuters): Global markets were thrown into turmoil on Thursday as a shock move by Switzerland to abandon its more than three-year-old cap on the franc sent the currency soaring and Europe's shares and bond yields tumbling. The...