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Inter-school Chess held

2014-11-30 00:00:00

Nova Tasha of DPS STS School emerged unbeaten champion in boys class 5 to 10 group of the DPS STS Interschool Chess Tournament Friday at the DPS STS School at Uttara, reports BSS. On the other hand, Raida Atandrila of...

Treasury bonds not traded on DSE for years

Mohammad Mufazzal | 2014-11-30 00:00:00

Some 221 listed treasury bonds exist only in name and have been languishing in the premier bourse year after year as the central bank deals with the financial instruments, officials said. Officials at Dhaka Stock Exchange (DSE) said investors prefer...

German firm launches online vehicle market place

FE Report | 2014-11-30 00:00:00

Carmudi, an online vehicle marketplace, has re-designed its website-- www.carmudi.com.bd -- in Bangladesh, enabling the buyers and sellers to search the right partners and automobiles in an easier way. "We've re-designed the website here as part of the simplifying our...

News Briefs

2014-11-30 00:00:00

NAV of MTB Unit Fund disclosed The total NAV of MTB Unit Fund stood at Tk  290,407,249.85 on the basis of cost price and Tk  247,258,887.61 on the basis of market price at the close of business operation on 27...

Photo: Social Islami Bank Limited (SIBL)

2014-11-30 00:00:00

Photo: Jamuna Bank Foundation

2014-11-30 00:00:00

India\\\'s market capitalisation crosses Rs100 trillion

2014-11-30 00:00:00

MUMBAI, Nov 29 (Business Standard): The stock market on Friday achieved a landmark by crossing Rs 100 trillion ($1.66 trillion) in market capitalisation. The feat was achieved when the benchmark BSE Sensex jumped 383 points, or 1.3 per cent, to...

BSE brokers forum to make addl investment of Rs 800m in GIFT City

2014-11-30 00:00:00

AHMEDABAD, Nov 29 (Business Standard): BSE Brokers' Forum, the association of brokers of the Bombay Stock Exchange (BSE), has been allocated an additional space of 0.15 million square feet of Built Up Area (BUA), at the Gujarat International Finance Tec-City...

Indian govt plans to cut stake in state lenders to raise $14.4b

2014-11-30 00:00:00

NEW DELHI, Nov 29 (Reuters): The government plans to raise about 891.2 billion rupees ($14.4 billion) by reducing its stakes in state-run banks to 52 per cent, the junior finance minister said on Friday, sending shares of state lenders higher....

Sebi fines 6 merchant bankers in CARE IPO

2014-11-30 00:00:00

MUMBAI, Nov 29 (Business Standard): The Securities and Exchange Board of India (Sebi) on Friday imposed a penalty of Rs 10 million on six investment banks that handled the initial public offering (IPO) of rating agency Credit Analysis and Research...

HK shares end month slightly down

2014-11-30 00:00:00

HONG KONG, Nov 29 (Reuters): Hong Kong shares ended November slightly down, despite an ongoing rally in mainland indexes and in Hong Kong-listed Chinese companies. China stock indexes rose for the seventh straight session on Friday and posted their biggest...

Photo: MANGO Teleservices Limited

2014-11-30 00:00:00

Photo: NCC Bank Limited

2014-11-30 00:00:00

IPO Diary

2014-11-30 00:00:00

AGM/EGM/Record date

2014-11-30 00:00:00

Lower dev work throws long steel makers into trouble

Badrul Ahsan | 2014-11-30 00:00:00

Poor development work by the government and downtrend in private investments have thrown mild steel (MS) rod millers' business into an uncertainty, industry insiders said. Bangladesh's annual demand for quality rod is estimated at more than 2.5 million tonnes, of...

Treatment of Prof Yunus disappointing: USAID chief

A.Z.M. Anas, back from USA | 2014-11-30 00:00:00

A senior U.S. official has voiced his dismay at the government's treatment of Prof Muhammad Yunus, saying the microfinance bank the Nobel laureate founded has played a critical role in paring back extreme poverty in Bangladesh. "He (Yunus) is an...

News Briefs

2014-11-30 00:00:00

PM inaugurates 11 dev projects in Habiganj HABIGANJ, Nov 29  : Prime Minister Sheikh Hasina inaugurated 11 development projects as well as laid the foundation stones of some other projects here on Saturday. The inaugurated development projects are Habiganj Modern...

Photo: Local lawmaker Dr Md Enamur Rahman inaugurating

2014-11-30 00:00:00

Limited access to available, affordable, reliable sources puts risk on energy security, says UO

FE Report | 2014-11-30 00:00:00

Unnayan Onneshan (UO), a multidisciplinary think-tank, in its November, 2014 issue of Bangladesh Economic Update cautioned Saturday that limited access to available, affordable and reliable sources of energy puts risk on energy security. Shortage of power supply, depletion of gas...

Removal of barriers to growth of agro-SMEs demanded

2014-11-30 00:00:00

Removal of various barriers to the growth of small and medium enterprises (SMEs) in the agro-processing sector of Bangladesh can facilitate earning of vast foreign exchange. Owners of agro-SMEs at a divisional meeting organised by the Bangladesh Agro-Processors' Association (BAPA)...

Govt to build apartments for slum dwellers

FE Report | 2014-11-30 00:00:00

Housing and public works minister Engineer Mosharraf Hossain said Saturday that government will build apartments for slum dwellers who can own it on payment of only Tk 260 daily for a period of 20 years.   "We will build apartments for...

K2K for greater BCIM connectivity

2014-11-30 00:00:00

A Track 2 initiative between Kolkata and Kunming, declared sister cities by India and China, has stressed on opening up the proposed Bangladesh-China-India-Myanmar (BCIM) growth corridor. "With great importance to the BCIM growth corridor, K2K will encourage various aspects of...

Saarc states to seek investment from others

2014-11-30 00:00:00

The Saarc member states will be pitching for investments in ambitious rail, road and waterway projects proposed for the region by reaching out to the member states, observers and other bilateral and multilateral donors. A significant progress was made in...

Egypt pays back $2.5b deposit to Qatar

2014-11-30 00:00:00

CAIRO, Nov 29 (Reuters): Egypt has paid back $2.5 billion that Qatar deposited with it to help prop up the Egyptian central bank's hard currency reserves, a central bank official said on Friday night, as the Qatari foreign minister arrived...

Photo: BARCELONA, Spain: A volunteer carrying empty boxes

2014-11-30 00:00:00

Venezuela to slash budget after OPEC steadies output

2014-11-30 00:00:00

CARACAS, Nov 29 (AFP):Venezuelan President Nicolas Maduro ordered his government on Friday to slash the budget of his oil-dependent and economically-weak nation, as crude prices plunge after OPEC held output steady. The leftist leader called for a "substantial reduction" of...

Malaysia Airlines apologises for \\\'offensive\\\' promotion tweet

2014-11-30 00:00:00

KUALA LUMPUR, Nov 29 (AFP) : Striken Malaysia Airlines apologised Saturday for a year-end promotion tweet that sparked anger on Twitter after it inadvertently drew parallels with the still-missing MH370 flight. "Want to go somewhere but don't know where?" read...

Fed’s latest invention holds promise for controlled rate rise

2014-11-30 00:00:00

NEW YORK, Nov 29 (Reuters) : The Federal Reserve's latest market proposal could help it smoothly raise interest rates and bring far more banks into direct contact with the US central bank in a way that another tool, unveiled last...

Canada economy slows in Q3 but beats expectations

2014-11-30 00:00:00

OTTAWA, Nov 29 (AFP) : Canada's economy slowed in the third quarter despite gains in most sectors, the government statistical agency announced Friday, but growth still beat forecasts. Growth dipped to 0.7 per cent in the quarter following a revised...