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No sign of WHO seal for drug lab soon

Shamsul Huda | 2014-12-05 00:00:00

The government may not be able before 2016 to apply for the WHO pre-qualification seal for its laboratory that needs to be well-equipped and well-manned for testing drugs as required by most importing countries. Currently the importing countries require drugs...

Japanese restaurant to offer \\\'Kobe beef\\\' in city from Dec 15

FE Report | 2014-12-05 00:00:00

Shishikura Limited, a more than two century-old Japanese company having chains of convenient stores and super markets in the world, launches its investment in Bangladesh soon with the opening of a steak and seafood restaurant in the capital on December...

Global Social Business Summit ends in Mexico

2014-12-05 00:00:00

The two-day 'Global Social Business Summit 2014' has concluded in Mexico City with a call for fighting social and economic problems through social business. The summit was inaugurated by Nobel Laureate Prof Dr Muhammad Yunus on November 27 at Expo...

DCCI trade team off to Malaysia

2014-12-05 00:00:00

An 11-member business delegation of Dhaka Chamber of Commerce and Industry (DCCI) left the city here for Malaysia Thursday night to attend a series of business meetings there. DCCI President Mohammad Shahjahan Khan is leading the delegation which will attend...

News Briefs

2014-12-05 00:00:00

ICMAB chief attends SAFA board meet, int'l seminar A two-member delegation of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) headed by its President Mohammed Salim left the city for India on Wednesday. The team went to India...

Photo: Dhaka Chamber of Commerce & Industry

2014-12-05 00:00:00

Photo: Bata Bangladesh

2014-12-05 00:00:00

Germany to become top export market for BD, hopes Tofail

2014-12-05 00:00:00

Commerce Minister Tofail Ahmed has expressed the hope that Germany will turn Bangladesh's number one export market in the coming days. "At this moment, Germany is the second largest export market for Bangladesh. In future, Germany will turn number one...

Women entrepreneurs urged to join country\\\'s dev works

2014-12-05 00:00:00

Speaker of the Jatiya Sangsad Dr Shirin Sharmin Chowdhury has urged all concerned including the women entrepreneurs to come forward for the development of the country. The Speaker made the appeal while speaking as the chief guest at the inaugural...

China to attract more social fund in energy sectors

2014-12-05 00:00:00

BEIJING, Dec 4 (Xinhua): China aims to lower the market threshold and absorb more social capital for state grid, pipelines, clean energy and mineral resources projects, the country's top economic planner announced Thursday. The decision is a part of the...

Rakub advised to reach farmers\\\' doorsteps

2014-12-05 00:00:00

RAJSHAHI, Dec 4 (BSS): Rajshahi Krishi Unnayan Bank (Rakub) should be committed to reach its services towards doorsteps of the farmers in general for elevating their living and livelihood condition. Besides, the bank should work for bringing all the existing...

Unemployment in France up 0.2pc in Q3

2014-12-05 00:00:00

PARIS, Dec 4 (Xinhua): France's jobless rate inched up by 0.2 per cent in the third quarter of 2014, the national statistic agency Insee said on Thursday. In France's mainland , with 2.841 million out of work, 9.9 per cent...

Canada maintains overnight rate target at 1pc

2014-12-05 00:00:00

OTTAWA, Dec 4 (Xinhua): The Bank of Canada announced Wednesday that it is maintaining its target for the overnight rate at 1 per cent. Inflation has risen by more than expected and the increase in inflation over the past year...

Banks lending charges in Kenya at three-year low

2014-12-05 00:00:00

NAIROBI, Dec 4 (Xinhua): Commercial banks lending rates in Kenya have hit a three-year low as the government strives to make the cost of credit affordable. New data from Central Bank of Kenya (CBK) and Kenya National Bureau of Statistics...

Vietnam raises tariff caps on petrol, diesel imports

2014-12-05 00:00:00

HANOI, Dec 4 (Reuters): Vietnam has raised tariffs caps on imports of fuel, petrol and diesel products, the Ministry of Finance said on Thursday, a move which could translate into higher state income given the country's rising imports of these...

Photo: A demonstration of urban dredging programme

2014-12-05 00:00:00

Photo: HANOI, Vietnam: Men loading pieces of steel at a steel factory in Chau Khe village

2014-12-05 00:00:00

exchange rate

2014-12-05 00:00:00

Putin demands central bank act to stop ruble \\\'speculation’

2014-12-05 00:00:00

MOSCOW, Dec 04 (AFP): Russian President Vladimir Putin urged the central bank and government on Thursday to take 'tough action' to stop speculation on the ruble after the currency hit new all-time lows this week. "I ask the Bank of...

ECB leaves cost of borrowing unchanged

2014-12-05 00:00:00

FRANKFURT, Dec 4 (Reuters): The European Central Bank left interest rates unchanged on Thursday, holding them at record lows while it considers whether to print money to buy government debt to shore up the euro zone economy. The decision to...

US jobs, services sector data underscore economy\\\'s resilience

2014-12-05 00:00:00

WASHINGTON, Dec 4 (Reuters): US private companies added workers at a fairly brisk clip in November and the services sector grew strongly, suggesting a slowing global economy is having a limited impact on domestic activity. Strengthening labor market conditions, however,...

Bank of England keeps rates on hold at record low

2014-12-05 00:00:00

LONDON, Dec 4 (Reuters): The Bank of England kept interest rates at a record low on Thursday as policymakers gave more weight to the risks from low inflation and a weak global economic outlook than to a strong recovery at...

Japan output gap widens in blow to BOJ inflation target

2014-12-05 00:00:00

TOKYO, Dec 4 (Reuters): Japan's output gap widened in July-September as the economy slipped into recession, the Cabinet Office said on Thursday, highlighting the difficulty the Bank of Japan faces in guiding inflation to a 2 per cent target. The...

Best Buy leaving Chinese market

2014-12-05 00:00:00

NEW YORK, Dec 04 (AFP): US home appliance giant Best Buy is leaving the Chinese market, selling its Five Star subsidiary there to a local group, the company said late Thursday. Five Star, which Best Buy acquired in 2006, operates...

Intel plans $1.6b investment in China

2014-12-05 00:00:00

SHANGHAI, Dec 04 (AFP): US microprocessor maker Intel plans to invest $1.6 billion over the next 15 years to upgrade an existing facility in China's western city of Chengdu, the company said in a statement provided to AFP on Thursday....

Photo: AMRITSAR, India: An Indian exhibitor arranges plastic flowers for display

2014-12-05 00:00:00

Small, mid-cap stocks attract investors

FE Report | 2014-12-05 00:00:00

The market witnessed mild correction Thursday after three consecutive sessions' upturn with turnover remaining above Tk 5.0 billion-mark as investors booked quick profit. DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,961.84 points, shedding 30.15 points...

Revenue earnings from DSE down by 24pc in November

FE Report | 2014-12-05 00:00:00

The government's revenue earnings from the Dhaka Stock Exchange (DSE) fell further by 24 per cent in November compared to a month ago as trading volume was on the decline. The government bagged tax worth Tk 178.29 million in November...

Bourses to work jointly to form clearing company, commodity exchange

FE Report | 2014-12-05 00:00:00

Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) have reached a consensus to work jointly in case of taking capital market-related decisions, officials said. The consensus between the exchanges came Thursday at a bilateral meeting held at office of...

ADB seeks govt clearance before lending $75m to Summit power

Syful Islam | 2014-12-05 00:00:00

The Asian Development Bank (ADB) has sought no objection from the government of Bangladesh before lending $75 million to Summit Bibiyana Gas Power Project II from its non-sovereign operations, official sources said. The ADB will give the loan for development...