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Summit invests $319m to raise power production

2014-12-01 00:00:00

Bangladesh's leading private power producer plans to reach full capacity early next year at a 335-megawatt plant, a senior executive said on Saturday, as the country seeks to plug a shortfall in electricity supply, reports Reuters. The power unit of...

EBL-DIU sign MoU for smooth payment of academic fees

2014-12-01 00:00:00

Daffodil International University (DIU) and Eastern Bank Ltd. (EBL) signed a Memorandum of Understanding (MoU) to ensure smooth payment of academic fees by the students and their guardians in the city Sunday, says a press release.. Ali Reza Iftekhar, Managing...

BPPL continues power generation

Our Correspondent | 2014-12-01 00:00:00

CHITTAGONG, Nov 30: Power generation continues uninterrupted in 50 MW Baraka Patenga Power Ltd (BPPL) after the plant started commercial production in the port-city in this May. The furnace oil-based plant has been set up with modern machinery from Roles...

News Briefs

2014-12-01 00:00:00

Republic Insurance's rights offer rejected The securities regulator has turned down a proposal of Republic Insurance Company Limited (RICL) to offer rights shares for the second time as the insurer failed to comply with relevant rules, officials said. "The securities...

Correction

2014-12-01 00:00:00

The name of the author of the article, headlined 'Environmental risk management: Lenders' passionate view' and published in the part one (page 07) of the second instalment of the 21st anniversary issue of the FE, was erroneously printed as Mohammad...

Photo: Outgoing Ambassador of Saudi Arabia in Bangladesh Dr Abdullah Bin Naser Al Busairi

2014-12-01 00:00:00

Photo: KUWAIT CITY, Kuwait: Kuwaiti traders follow the stock market activity

2014-12-01 00:00:00

Indian cos raise Rs 50b via rights issue

2014-12-01 00:00:00

NEW DELHI, Nov 30 (PTI):  Fund raising through rights issue has crossed the Rs 50 billion-mark this year, indicating growing traction among domestic firms to mop-up capital via this route. This is much higher than about Rs 41 billion garnered...

Top 7 Sensex cos add Rs 473.65b in m-cap

2014-12-01 00:00:00

NEW DELHI, Nov 30 (PTI): The combined market valuation of top seven Sensex companies surged Rs 473.65 billion last week with SBI and Infosys emerging as big gainers. TCS, HDFC Bank, CIL, ICICI Bank and HDFC also made gains in...

Bourses to maintain PAN database of all listed cos\\\' promoters

2014-12-01 00:00:00

NEW DELHI, Nov 30 (PTI): To ensure a stronger surveillance system for any wrongdoing in the marketplace, stock exchanges may soon be asked to maintain a database of permanent account number (PAN) of all promoters of the companies listed on...

Gulf stock markets plunge

2014-12-01 00:00:00

ABU DHABI, Nov 30 (Reuters): Gulf stock markets plunged on Sunday after OPEC's decision to keep crude output unchanged sent oil prices tumbling. The price of Brent crude LCOc1 has tumbled about 10 per cent to $70.15 per barrel since...

Meraas unit IPO offer oversubscribed

2014-12-01 00:00:00

DUBAI, Nov 30 (Reuters):  Dubai Parks and Resorts, a unit of Meraas Holding, said on Friday that the portion of its 2.53 billion dirham ($689 million) initial share sale on offer to institutional investors had been many times oversubscribed. The...

Mauritius emerging as largest FDI source with $4b inflows

2014-12-01 00:00:00

NEW DELHI, Nov 30 (PTI): Mauritius is again emerging as the largest source of foreign direct investment (FDI) in India, accounting for an inflow of $4.19 billion in the April-September period. According to official data, the inflow of foreign investment...

FPI inflows hit $4b in Indian mkts in Nov

2014-12-01 00:00:00

NEW DELHI, Nov 30 (PTI): Overseas investors have poured in over $4 billion in the Indian capital markets this month taking total inflows to over $40 billion since January. The net investment by foreign investors into equities was Rs 137.53...

Photo: Dutch-Bangla Bank Limited

2014-12-01 00:00:00

Photo: Prime Finance & Investment Limited

2014-12-01 00:00:00

Photo: Sheltech Brokerage Ltd

2014-12-01 00:00:00

IPO Diary

2014-12-01 00:00:00

BRAC EPL Daily Market Update

2014-12-01 00:00:00

The dream of an integrated South Asia remains elusive

Syed Jamaluddin | 2014-12-01 00:00:00

SAARC (South Asian Association for Regional Cooperation)   has failed to fly again. It has failed to push through three agreements supposed to be signed at the 18th SAARC summit in Kathmandu  on  November 26. The agreements are Motor Vehicles Agreement...

Myanmar takes one step backward

Muhammad Zamir | 2014-12-01 00:00:00

There have been reports in the media that Myanmar President Thein Sein has denied that minority Muslim Rohingyas have been fleeing 'torture' in its western Rakhine state. This retort was focused upon in the Voice of America Burmese service. The...

RMG export at $50b by 2021

2014-12-01 00:00:00

Setting a lofty target is not always much too ambitious, as is sometimes the case. On the other hand, it can be a challenge to practical wisdom. The unofficial target set at the $ 50 billion mark in RMG (ready...

SAARC: Where does it stand now?

Shamsul Huq Zahid | 2014-12-01 00:00:00

One handshake salvaged the 18th Summit meeting of the South Asian Association Regional Cooperation (SAARC), held in the Nepalese capital Katmandu last week, from being branded as a total 'failure'. A brief meeting between Indian Prime Minister Narendra Modi and...

The wretched and the damned

Neil Ray | 2014-12-01 00:00:00

Do thieves have conscience or not? The question is likely to trouble anyone boasting even a tiny fraction of that precious gift when s/he comes across a most moving piece of news. The story in brief is that a blind...

Zebra crossing is the solution

2014-12-01 00:00:00

We, the Dhaka dwellers are happy to see that the police are making sure that the pedestrians cross the road on zebra crossing.  But what about that woman who had been awarded a month of imprisonment for not using zebra...

Penalising jay-walking

2014-12-01 00:00:00

The drive to impose fines on people found jay-walking, as reported in almost all dailies is indeed heartening!! It seems that this good preventive measure by the police is paying off! I believe that this should be practised in Gulshan...

Unethical practices by fruit vendors

2014-12-01 00:00:00

A few days ago I bought some apples from Town Hall Market at  Mohammadpur. I asked the vendor to give me a kg of apple at Tk130 per kg as the vendor demanded. The fruit seller told his assistant to...

Economic model for prevention of crimes

M S Siddiqui | 2014-12-01 00:00:00

The cumbersome judicial system, wastage of time and feeling of insecurity prevent people from going to court and appear as witnesses. Resulting lack of witness allows the accused to evade justice and carry on with illegal acts. We come across...

Adieu, Zaglul bhai!

Wasi Ahmed | 2014-12-01 00:00:00

It was around nine in the evening of November 29 when a senior colleague NM Harun, called me to tell, "Zaglul is dead". I was instantly in a fix and was about to ask, "Zaglul, who?" It took me a...

Road accidents cause inequality

Md Jamal Hossain from Denver, USA | 2014-12-01 00:00:00

In a conversation on the occasion of Nobel Prize award ceremony in 2005, Nobel Laureate in economics Thomas Schelling said the number of people who die due to road accidents and fatalities in the United States is three times as...