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Project set to improve maritime safety, earn foreign currency

FE Report | 2014-12-08 00:00:00

The government has taken up a project to improve safety of maritime transportation, which can help earn Tk 200 million per year, Shipping Minister Shahjahan Khan said Sunday.   To achieve the goal, the government has taken GMDSS project that will...

News Briefs

2014-12-08 00:00:00

CCCI chief for Tk 0.1m loan sans security deposit   CHITTAGONG, Dec 7: Chittagong Chamber of Commerce and Industry president Mahbubul Alam has urged the banks to provide bank loans up to Tk 0.1 million without security deposit for creating new...

Photo: NRB Commercial (NRBC) Bank Limited

2014-12-08 00:00:00

Photo: ADN Telecom Limited

2014-12-08 00:00:00

Photo: Standard Chartered Bangladesh

2014-12-08 00:00:00

Early variety helps cool onion price

Yasir Wardad | 2014-12-08 00:00:00

Pre-season variety of onion has hit the market, helping price of the spice item to decrease, traders said. Newly harvested local onion is now selling at Tk30-32 per kg in the city kitchen markets, thanks to higher production in the...

EC to provide addl Tk 95m aid to help flood-hit people

2014-12-08 00:00:00

The European Commission (EC) has decided to provide an additional 1.0 million euro, equivalent to over Tk 95 million to bring humanitarian assistance to the most vulnerable families affected by the extensive flooding in north-western Bangladesh. This aid comes in...

ILO lauds improvement made in BD RMG sector

2014-12-08 00:00:00

The International Labour Organisation (ILO) in its latest report noted that Bangladesh's readymade garment (RMG) sector showed dynamism in improving workplace safety, reports BSS. Referring to the Rana Plaza tragedy in April 2013, the ILO's Global Wage Report 2014-15, released...

President seeks Bhutan help in connectivity

2014-12-08 00:00:00

President Abdul Hamid has sought Bhutan's support in enhancing connectivity within the South Asian region and beyond for the mutual benefits of the people. The President sought the support when Bhutanese Prime Minister Tshering Tobgay made a courtesy call on...

MoU to launch online micro credit management system signed

2014-12-08 00:00:00

An initiative has been taken to introduce an electronic micro credit management system to make the micro credit services easily available to the rural people. In this connection, a Memorandum of Understanding (MoU) was signed between Access to Information (A2I)...

Photo: Bangladesh Commerce Bank Limited

2014-12-08 00:00:00

Photo: A seminar organised by NRB Bank

2014-12-08 00:00:00

exchange rate

2014-12-08 00:00:00

Bank on \\\'Super Mario\\\' to give Europe a monetary jolt

2014-12-08 00:00:00

FRANKFURT, Dec 7 (Reuters): From his office on the 41st floor of the gleaming new European Central Bank headquarters, Mario Draghi's view stretches far beyond Frankfurt's high-rise financial center and he doesn't like what he sees. The darkening outlook for...

Rate cut calls grow as Australian economy falters

2014-12-08 00:00:00

SYDNEY, Dec 7 (BSS/AFP): Pressure is building on Australia's central bank to cut interest rates from their record lows as growth in the resources-driven economy, already faltering on the back of China's slowdown, takes a further hit, analysts say. The...

France, Italy reforms insufficient : Merkel

2014-12-08 00:00:00

BERLIN, Dec 7 (BSS/AFP): Reforms undertaken by France and Italy are insufficient, German Chancellor Angela Merkel said in an interview published Sunday, a week after the two countries won more time from the EU to put their public finances in...

78 cos vanish after raising funds in India

2014-12-08 00:00:00

NEW DELHI, Dec 7 (PTI): Seventy eight companies have gone untraceable after raising funds from investors, with Gujarat having the maximum number of 17 such entities, according to official data. These entities are spread across Gujarat, Tamil Nadu, Maharashtra, Madhya...

African insurers in vogue as incomes rise

2014-12-08 00:00:00

LONDON/JOHANNESBURG, Dec 7 (Reuters): A growing middle class in sub-Saharan Africa is enticing European and South African insurers to buy local firms focussing mainly on life insurance and pensions, in the face of mature markets and strong competition at home....

Bangladesh far wide of the mark in CSR activities

FE Report | 2014-12-08 00:00:00

Although many of the developing countries have started practicing corporate social responsibility (CSR) on a larger scale, Bangladesh is still lagging far behind them mainly for lack of complete guidelines on such welfare activities. Speakers at the Annual Banking Conference...

Resolving investors’ pending complaints CSE’s first priority

FE Report | 2014-12-08 00:00:00

Managing director of Chittagong Stock Exchange (CSE) Sunday said the bourse is giving first priority to reach investors by resolving their pending complaints. The newly-appointed chief of management of the port city bourse said this at his first press briefing...

DSE turnover dips below Tk 4.0b-mark again

FE Report | 2014-12-08 00:00:00

The market slipped for the second running session Sunday with turnover dipping below Tk 4.0 billion-mark again as investors' profit booking continued amid cautious stance. The market opened with a positive mood, but could not sustain. At the end of...

Resumption of trading Meghna Pet Industries

2014-12-08 00:00:00

Normal trading of the shares of the Company will resume today (Monday) after record date. Meghna Condensed Milk Normal trading of the shares of the Company will resume today (Monday) after record date.    — DSE Online

News Briefs

2014-12-08 00:00:00

Dhaka Bank DMD expires Neaz Mohammad Khan, Deputy Managing Director of Dhaka Bank Limited, died at Square Hospital in the city at 1:30 pm Sunday. He was 57. He is survived by his wife, a son, a daughter, and a...

Photo: British American Tobacco Bangladesh (BATB)

2014-12-08 00:00:00

Photo: ONE Bank Limited

2014-12-08 00:00:00

Bhutanese PM visits Square Pharma in Gazipur

2014-12-08 00:00:00

The visiting Bhutanese Prime Minister Tshering Tobgay Sunday visited Square Pharmaceuticals in Kaliakoir, Gazipur, reports BSS. A Bangladesh Air force helicopter carrying the Prime Minister of Bhutan and members of his entourage landed at Kaliakoir at around 11:00 am, according...

AB Bank launches World MasterCard Credit Card

2014-12-08 00:00:00

MasterCard in partnership with AB Bank has launched the World MasterCard, said a press release. A World card is the highest tier in the MasterCard portfolio and comes with an array of exclusive benefits specifically focused on premium travelers. The...

Disclose asset, income details of chairman, CIC tells Sebi

2014-12-08 00:00:00

NEW DELHI, Dec 7 (Business Standard): India’s Central Information Commission (CIC) has directed the Securities and Exchange Board of India (Sebi) to reveal the details of assets and liabilities of its chairman, UK Sinha, within four weeks. It has also...

Matin Spinning placed in ‘A’ category

FE Report | 2014-12-08 00:00:00

Matin Spinning Mills Ltd (MSML) will be placed in "A" category from existing "N" category with effect from today (Monday) as the company disbursed 25 per cent cash dividend, officials said. "The company will be placed in "A" category from...

Asian markets mostly higher at end of strong week

2014-12-08 00:00:00

HONG KONG, Dec 7 (AFP): Asian markets mostly rose Friday, with the dollar again breaking 120 yen while the euro held onto gains after the European Central Bank shied away from fresh stimulus measures. Traders overcame early profit-taking, triggered by...