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Fresh political fracas adds to challenges for RMG industry

Shah Alam Nur | 2015-01-07 00:00:00

Country's readymade garment industry faces a number of challenges in 2015, compliance with western consumer standards and fresh political fracas being among major ones, sector-insiders said. Restoring the GSP facility on the US market and finding new export markets for...

Domestic LPG price witnesses fall

Sonia H Moni | 2015-01-07 00:00:00

Prices of 12 kg LPG (Liquefied Petroleum Gas) cylinder declined by Tk 50 to Tk 100 on per cylinder after continued price fall in the international market, traders said. "We've brought down the plant gate price of 12 kg LPG...

National image takes hit as fake maritime certificate issue surfaces

Pankaj Dastider | 2015-01-07 00:00:00

CHITTAGONG, Jan 6: Bangladesh's image in the global maritime industry has dipped its lowest ebb after activities of the state-run department of shipping and other organs came under scrutiny by the IMO and ILO for quite some time, officials said.  ...

WEF to draw a record number to Davos this year

2015-01-07 00:00:00

GENEVA, Jan 6 (AFP): The World Economic Forum said Tuesday that its annual gathering at Davos this month will draw a record number of participants and over 300 heads of state and government bigwigs. The January 21-24 meeting of the...

News Briefs

2015-01-07 00:00:00

Chevron Bangladesh gets new president Kevin Lyon has been appointed the new president of Chevron Bangladesh. Prior to this assignment, he held the post of Netherlands Country Manager for Chevron Upstream Europe. Mr Lyon joined Chevron as an electrical engineer...

Photo: Senior Secretary of the Ministry of Commerce Hedayetullah Al Mamoon speaking

2015-01-07 00:00:00

Photo: President of Bangladesh Association of Software and Information Services (BASIS)

2015-01-07 00:00:00

ECNEC okays Tk 1.9b Khagrachhari road development project

FE Report | 2015-01-07 00:00:00

The government has taken steps to improve communications system in the Chittagong Hill Tracts (CHT) district of Khagrachhari, as ECNEC approved a Tk 1.90 billion cost project to this effect on Tuesday. Planning Minister AHM Mustafa Kamal said the Executive...

Indian services growth eases in Dec

2015-01-07 00:00:00

BENGALURU, Jan 6 (Reuters): India's dominant service industry eased off the accelerator in December and firms barely raised prices, increasing pressure on the Reserve Bank of India to loosen monetary policy soon, a survey showed on Tuesday. Weak growth will...

Pakistan to pull solar energy into nat\\\'l grid

2015-01-07 00:00:00

ISLAMABAD, Jan 6 (Thomson Reuters Foundation): Amid a worsening energy crisis, Pakistan has approved the use of grid-connected solar energy, rooftop solar installations and mortgage financing for home solar panels to boost uptake of clean energy in the country. The...

UK services growth dips to 19-month low

2015-01-07 00:00:00

LONDON, Jan 6 (Reuters): Britain's economic recovery softened further as growth across services companies slowed sharply during December to its lowest level since mid-2013, a survey showed on Tuesday. Sterling slipped to a 17-month low against the dollar after the...

Free computer training course begins

2015-01-07 00:00:00

SHERPUR, Jan 6 (BSS): A two-month free computer training course began here today aimed at making poor students familiar with information technology (IT) and computer system in the district. Chief Executive Officer of Sherpur Zila Parishad Ehsanul Pervez formally inaugurated...

Saudi crown prince blames weak growth for oil \\\'tensions\\\'

2015-01-07 00:00:00

RIYADH, Jan 6 (AFP): A weak global economy is the main reason for "tensions" in world oil markets, Saudi Arabia's crown prince said on Tuesday, in a speech on behalf of ailing King Abdullah. "You are aware of the urgent...

Philippine inflation rate eases to 2.7pc in Dec

2015-01-07 00:00:00

MANILA, Jan 6 (Xinhua): The Philippine Statistics Authority reported on Tuesday the country's inflation rate eased to 2.7 per cent in December from 3.7 per cent in November. Without food and oil prices, core inflation also went down to 2....

Photo: Prime Minister Sheikh Hasina presiding over the ECNEC meeting

2015-01-07 00:00:00

Photo: Chief Commercial Officer of bKash Rezaul Hossain and CEO of Toma Taxi

2015-01-07 00:00:00

Photo: MOSCOW, Russia: A board showing currency exchange rates

2015-01-07 00:00:00

exchange rate

2015-01-07 00:00:00

Toyota to give away fuel-cell patents to boost industry

2015-01-07 00:00:00

TOKYO, Jan 6 (AFP) : Toyota will give away thousands of patents for its fuel-cell cars, it said Tuesday, in an effort to encourage other automakers into the new industry. The world's largest vehicle maker said it will allow royalty-free...

Taiwan\\\'s HTC posts third quarterly profit in a row

2015-01-07 00:00:00

TAIPEI, Jan 6 (AFP) : Taiwan smartphone giant HTC on Tuesday posted a third successive quarterly profit as the launch of a series of new products gave a lift to the resurgent brand. The firm said net profit came in...

Sony chief thanks supporters after cyber attack

2015-01-07 00:00:00

LAS VEGAS, Jan 6 (AFP) : Sony chief Kazuo Hirai on Monday spoke for the first time publicly about the cyber attack that derailed launch of controversial comedy "The Interview," calling the assault "vicious and malicious." Hirai thanked supporters who...

French, German borrowing rates at new all-time lows

2015-01-07 00:00:00

PARIS, Jan 6 (AFP) : French and German borrowing rates reached new all-time lows on Tuesday amid fears over the prospect of Greece leaving the eurozone. As of 0830 GMT, France's 10-year debt hit 0.772 per cent on the secondary...

Euro under pressure in Asia ahead of Greek vote

2015-01-07 00:00:00

TOKYO, Jan 6 (AFP) : The euro struggled in Asia on Tuesday after dropping to its lowest level in nearly nine years against the dollar, as traders fret about a possible Greek exit from the eurozone and falling oil prices....

Euro zone economy ended 2014 in poor shape: PMI

2015-01-07 00:00:00

LONDON,  Jan 6 (Reuters) : The euro zone economy ended 2014 with its worst quarter for over a year as further price cutting failed to significantly drive up business activity, adding pressure on the European Central Bank to act, surveys...

Hyundai to invest $73b by 2018

2015-01-07 00:00:00

SEOUL, Jan 6 (AFP):  South Korea's Hyundai announced Tuesday it plans to invest 80.7 trillion won ($73 billion) by 2018 in bolstering overseas production and developing next-generation cars. The auto giant said it would over the next four years invest...

Photo: TOKYO : Japanese business group

2015-01-07 00:00:00

Failure to stop Petrobras scandal could haunt Rousseff

Jeb Blount and Anthony Boadle of Reuters in Brasilia | 2015-01-07 00:00:00

When federal investigators first identified signs of corruption at Petrobras in 2009, Dilma Rousseff insisted Brazil's state-run oil company had nothing to hide. "Petrobras has one of the most accurate accounting standards in the world," said Rousseff, who was then...

Khaleda may face murder case: Asad

2015-01-07 00:00:00

State Minister for Home Asaduzzaman Khan said Tuesday they are investigating BNP chairperson Khaleda Zia's involvement in instigating party workers to carry out subversive acts, reports UNB. Asked about Inu's remarks about filing of a case against Khaldea for the...

US sanctions fail two-thirds of the time, allies are often to blame

Bryan Early of Reuters in Tokyo | 2015-01-07 00:00:00

Responding to the cyber attack against Sony, the US government recently issued new sanctions against North Korea. There are few reasons to be optimistic that this newest round of sanctions will change Pyongyang's behavior. Like Cuba and Iran, the country...

Smaller NATO mission has big job to train Afghan army in time

Kay Johnson of Reuters in Kabul | 2015-01-07 00:00:00

US Army Major Eric Lightfoot, serving at a remote outpost in eastern Afghanistan, knows NATO has its work cut out to prepare local forces to go it alone against Taliban insurgents once its training mission ends in two years' time....