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Making Companies Act up-to-date

Malik Muntasir Reza | 2014-11-10 00:00:00

The Companies Act, 1994 came into force from September 12, 1994 with changes/amendments/modifications. Only a few changes/amendments took place during the past two decades. Many sections of the Act became outdated and ineffectual due to rapid technological innovations and emergence...

The mirage of a brave new world

S Iftikhar Murshed from Pakistan | 2014-11-10 00:00:00

Nawaz Sharif, Imran Khan, Tahirul Qadri, Altaf Hussain, Asif Ali Zardari and an assortment of other power-obsessed leaders profess to be agents of change. There is certainly evidence of a transformation - the silhouette of a 'new Pakistan' is gradually...

Britain succeeds to halve EU budget bill, critics cry foul

Robin Emmott and Alastair Macdonald of Reuters in Brussels | 2014-11-10 00:00:00

Britain claimed victory last week in a budget battle with the European Union, saying it would pay only half of what Brussels had demanded, but EU officials said payment had merely been delayed and Eurosceptic critics accused ministers of deception....

Scottish nationalists storm back after referendum defeat

Andrew Osborn and Alistair Smout of Reuters in London/Edinburgh | 2014-11-10 00:00:00

Just weeks after seeing their dream of an independent Scotland wiped out in an historic referendum defeat, Scottish nationalists have turned failure into a revival which could transform British politics at next year's UK general election. The Scottish National Party...

Indian intelligence agency on the cheap hampers war on militants

2014-11-10 00:00:00

When a bomb went off last month in West Bengal state, police at India's leading counterterrorism organisation had to hail taxis to get to the scene because they did not have enough cars. The admission by two officers from the...

Houthi expansion puts Yemen on edge of civil war

2014-11-10 00:00:00

An advance into Yemen's Sunni Muslim heartland by Shi'ite Houthi fighters has galvanised support for al Qaeda among some Sunnis, deepening the religious hue of the country's many conflicts, with potential consequences well beyond its borders. Yemen's tribal, regional and...

Panic sale pushes stocks down

FE Report | 2014-11-10 00:00:00

Stocks nose-dived Sunday as panicky investors went for massive sale, with key index of the premier bourse dipping below the 5,000-mark. DSEX, the prime index of the Dhaka Stock Exchange (DSE) dropped below the 5,000-point mark after 5 weeks and...

Public subscription of textiles, automobile groups opened

FE Report | 2014-11-10 00:00:00

The public subscription of Chittagong-based C & A Textiles began Sunday while public subscription of IFAD Autos will begin on November 23, officials said. C & A Textiles: The initial public offering (IPO) subscription of the textile company will remain...

BSEC steps up Shahjibazar probe

FE Report | 2014-11-10 00:00:00

The securities regulator Sunday formed a two-member body for the second time to probe into 'unusual' price hike of Shahjibazar Power Company Limited (SPCL), officials said.   "The Bangladesh Securities and Exchange Commission (BSEC) has observed unusual price increase in shares...

News Briefs

2014-11-10 00:00:00

Islami Insurance gets new CEO The Company has informed that Mr. Md. Abul Matin has assumed the office of the CEO (Managing Director) of the Company. Rights shares credited MIDAS Financing Ltd. The Company has informed that it has credited...

Photo: IFIC Bank

2014-11-10 00:00:00

Photo: Mercantile Bank Limited

2014-11-10 00:00:00

Photo: Standard Bank Limited

2014-11-10 00:00:00

Most Wall Street firms still see Fed rate hike by June 2015

2014-11-10 00:00:00

NEW YORK, Nov 9 (Reuters): Wall Street's biggest banks remain convinced the Federal Reserve will raise interest rates by June 2015, a Reuters poll found, and economists also said the market was underestimating how aggressively the US central bank will...

Inflation, IIP data, cabinet reshuffle key for Indian markets: Experts

2014-11-10 00:00:00

NEW DELHI, Nov 9 (Business Standard): Inflation data for October, industrial output numbers for September, quarterly earnings of blue-chips such as Tata Motors, ONGC and SBI, as also the first reshuffle of the Union Cabinet would dictate the stock markets...

Sebi to clear milder version of draft insider trading norms

2014-11-10 00:00:00

MUMBAI, Nov 9 (Business Standard): Two decades after they were first framed, the market regulator is all set to overhaul the insider trading norms, The Securities and Exchange Board of India (Sebi) is expected to approve the new norms in...

China shares rise on central bank liquidity support

2014-11-10 00:00:00

SHANGHAI, Nov 9 (Reuters): China shares rose on Friday, buoyed by strength in brokerages as investors regained confidence after the Chinese central bank pumped liquidity into the financial system to help the economy. The Shanghai Composite Index rose 0.6 per...

Photo: Al-Arafah Islami Bank Ltd.

2014-11-10 00:00:00

Photo: Takaful Islami Insurance Limited

2014-11-10 00:00:00

IPO Diary

2014-11-10 00:00:00

BRAC EPL Daily Market Update

2014-11-10 00:00:00

Global retailers bank on B\\\'desh to source jeans

Siddique Islam | 2014-11-10 00:00:00

Global retailers and big-name brands are interested to source jeans from Bangladesh for marketing overseas in view of reasonable prices and qualities of the wears.   More than 50 companies from 14 countries are learnt to have confirmed their participation in...

Labour export to top agenda during PM visit to KL

2014-11-10 00:00:00

Labour export to Malaysia is expected to dominate agenda when Prime Minister Sheikh Hasina visits Malaysia early next month, helping to strengthen bilateral ties between the two brotherly nations, reports UNB. Both sides are working on the visit that might...

Spanish envoy offers effusive remarks on local denim firm

FE Report | 2014-11-10 00:00:00

A close look cogently changed a European envoy's view of Bangladesh's apparel industry-and he suggested global buyers not to look beyond this country.           Luis Tejada, the Spanish Ambassador in Dhaka, said Bangladesh has undertaken reform initiatives to improve workplace safety...

Europe braced for some dismal figures

2014-11-10 00:00:00

LONDON, Nov 9 (Reuters): After European Central Bank chief Mario Draghi got his colleagues to sign up to a target for pumping money into the ailing euro zone economy, a raft of GDP reports are likely to show just why...

News Briefs

2014-11-10 00:00:00

JS committee suggests persuading donors for more investment Parliamentary Standing Committee on Government Assurance suggested on Sunday the concerned ministry to encourage the donors to come up with more investment spending the project assistance on time. The parliamentary watchdog body...

Photo: Bangladesh Bank (BB) Governor Dr Atiur Rahman handing over medical instruments

2014-11-10 00:00:00

Photo: Economic Affairs Adviser to the Prime Minister Dr Mashiur Rahman inaugurating

2014-11-10 00:00:00

Photo: Omera Petroleum limited

2014-11-10 00:00:00

President urges APEC to lift moratorium as Bangladesh wants to be its member

2014-11-10 00:00:00

BEIJING, Nov 9 (UNB): President Abdul Hamid Sunday said Bangladesh wants to be a member of the Asia-Pacific Economic Cooperation (APEC) and hoped that APEC will soon lift its existing moratorium on including new members. "Bangladesh has already expressed its...