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Banks\\\' 1/3 default loans stuck in trade-financing

Siddique Islam | 2014-10-23 00:00:00

Almost one-third of the total default loans are now stuck in trade-financing and banks are in deep trouble with their recovery.    The trade-financing covers credits for export and import, apparel and clothing and loan against trust receipt (LTR). More than...

High thoughts on Asia\\\'s potential to spur global economy expected

FE Report | 2014-10-23 00:00:00

The upcoming ICC international conference in Dhaka is set to have very high-profile discussions by experts on harnessing Asia's untapped potential for spurring the global economy. A good number of experts, policymakers and business leaders from across the world have...

Poverty alleviation thru\\\' micro-credit

Shahiduzzaman Khan | 2014-10-23 00:00:00

Sustainable poverty alleviation requires elimination of the causes of structural poverty, along with access to property, well-functioning socio-economic institutions such as education, market, health and sanitation as well as facilities for finance. Now the question is how micro-credit is contributing...

NBR to trace \\\'second home\\\' owners, investors abroad

FE Report | 2014-10-23 00:00:00

The National Board of Revenue (NBR) has decided to trace Bangladeshi citizens having 'second homes' and investment abroad in a bid to check their tax payment status here. The NBR chief recently instructed the taxmen to communicate with four countries,...

ACC to scrutinise 9 officials\\\' FF certificates

FE Report | 2014-10-23 00:00:00

The Anti-corruption Commission (ACC) will scrutinise freedom fighter (FF) certificates of its nine officials including a director general in the wake of forgery resorted to by the government officials in obtaining the certificates. A two-member committee has been formed to...

Islamic parties call hartal for Sunday

FE News Desk | 2014-10-23 00:00:00

A number of Islamic parties called a countrywide hartal for Sunday as the government had "failed" to arrest recently-sacked minister Abdul Latif Siddique by October 22 deadline for his sacrilegious remarks. On October 01, Sammilito Islami Dalsamuho had given the...

Prayer Timings

2014-10-23 00:00:00

S Arabia road crash kills 5 Bangladeshis

2014-10-23 00:00:00

Five Bangladeshis have been killed in a road accident in Saudi Arabia, the Bangladesh Embassy in the kingdom has confirmed. Two other Bangladeshis have been injured in Wednesday morning's (local time) accident at Jabal al-Noor in Makkah, Ambassador Md Shahidul...

ICC confce begins in city Saturday

2014-10-23 00:00:00

The ICC International Conference on ‘Global Economic Recovery: Asian Perspective’ will begin in Dhaka on Saturday. A good number of experts, policymakers and business leaders from across the world have consented to attend the business meet. The two-day conference is...

Jail super, jailer of Lakshmipur suspended

2014-10-23 00:00:00

Jail super Mahabubul Alam and jailer Joynal Abedin of Lakshmipur District Jail have been suspended on various charges of irregularities. A 4-member probe panel has been formed to look into the irregularities like allowing prisoners to use mobile phones and...

Khaleda in Bogra; to address rally in Nilphamari today

2014-10-23 00:00:00

BNP Chairperson Khaleda Zia arrived in Bogra on Wednesday night. She reached the Bogra Circuit House around 9:35pm. The BNP chief will go to Nilphamari on Thursday morning to address a public rally in the district town in the afternoon....

DU signs MoU with University of Burdwan

2014-10-23 00:00:00

A Memorandum of Understanding (MoU) has been signed between Dhaka University (DU) and University of Burdwan, India. DU Treasurer Prof Dr M Kamal Uddin and Pro-Vice Chancellor of University of Burdwan, Dr Shorosimohan Das inked the MoU on behalf of...

Prof Sonali Banerjee keen to set up Bangabandhu Chair at Calcutta varsity

2014-10-23 00:00:00

Professor Dr Sonali Chakravati Banerjee, Pro-Vice Chancellor of Calcutta University, called on Vice-Chancellor of Dhaka University (DU) Professor Dr AAMS Arefin Siddique at the latter’s office at DU on Wednesday afternoon. During the meeting, Prof Dr Sonali Chakravati Banerjee expressed...

1 dies in M\\\'singh road accident

2014-10-23 00:00:00

A boy was killed and five other people were injured in a road accident in Mymensingh town on Wednesday afternoon. The deceased was identified as Joy, 12, son of Azizul Islam of Char Kalibari village of Mymensingh Sadar Upazila. Police...

Natore crash: Probe body files finds 1 day before deadline

2014-10-23 00:00:00

The committee investigating Monday's bus crash in Natore has submitted report a day before the deadline. Natore Additional District Magistrate Mohammad Ali, who oversaw the enquiry, handed in the report to the district deputy commissioner on Wednesday night. Natore district...

Stocks mixed at opening

FE Online Report | 2014-10-23 00:00:00

The Dhaka Stock Exchange (DSE) witnessed positive trend while the Chittagong Stock Exchange (CSE) saw negative trend in early hours of trading on Thursday, the last session of the week. DSEX, the prime index of the DSE, went up by...

Men posing as detectives abduct businessman in city

2014-10-23 00:00:00

A businessman was abducted from his Dhaka office on Wednesday afternoon by men posing as members of the Detective Branch (DB) of police. The victim is Abdullah Al Mamun, 32, who owns a travel agency. On Thursday, Mamoon’s relatives alleged...

Ghulam Azam\\\'s condition deteriorates

2014-10-23 00:00:00

The condition of war crimes convict Prof Ghulam Azam deteriorated early on Thursday. He stopped talking since Wednesday night, confirmed a doctor treating him at the CCU of Bangabandhu Sheikh Mujib Medical University (BSMMU) in the city’s Shahbagh. Meanwhile, the...

Ex-minister Mannan\\\'s wife surrenders

2014-10-23 00:00:00

Former housing and public works minister Abdul Mannan Khan’s wife Hasina Sultana surrendered before a Dhaka court on Thursday in connection with a case filed by the Anti Corruption Commission (ACC). Hasina Sultana, accused of concealing wealth information in the...

Asia stocks hobbled by growth anxiety

2014-10-23 00:00:00

Asian shares sagged on Thursday after a retreat on Wall Street and falling crude oil prices rekindled investor anxiety over slowing global growth, while a mixed picture on Chinese manufacturing failed to impress markets. Japan's Nikkei share average fell 0.4...

Prepare for decisive movement: Khaleda

2014-10-23 00:00:00

BNP Chairperson Khaleda Zia has urged the people to take all-out preparations for waging a decisive movement to dislodge the government. Khaleda, also the leader of the 20-party alliance, made the call while addressing a gathering of people in front...

European shares lower

2014-10-23 00:00:00

European stocks fell early on Thursday as weak results from French tyre-maker Michelin and consumer goods group Unilever added to a subdued tone for global equities overnight. Unilever fell 3 per cent in London by 0705 GMT after it reported...

US stocks end lower

2014-10-23 00:00:00

US stocks erased earlier gains to close lower on Wednesday as a shooting at the Canadian parliament unnerved investors, Boeing and Biogen sold off following results, and energy stocks fell along with oil prices. The Dow Jones industrial average fell...

PM for dividing Railway zones into four

2014-10-23 00:00:00

Stressing the need for dividing the country's railway zones into four to make its services more effective, Prime Minister Sheikh Hasina on Thursday asked the Railways Ministry to free its lands from illegal grabbers, especially on both sides of the...

2 held with pistol in Gazipur

2014-10-23 00:00:00

Police arrested two people in possession of a foreign-made pistol, two rounds of bullet and 20 pieces of Yaba tablets from Pubail Rail Station Bazar in Gazipur city on Wednesday night. The arrestees were identified as Nadim Hossain, 30, a...

DSE turnover dips to 6-week low

FE Online Report | 2014-10-23 00:00:00

Stocks edged lower for the second running session today (Thursday) with turnover dipped to 6-week low on the major bourse as the investors followed cautious stance. DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down further by...

Schoolgirl found dead in Moulvibazar

2014-10-23 00:00:00

A schoolgirl was found dead in a paddy field at Sadanpur village in Kulaura Upazila of Moulvibazar district on Thursday. The deceased was identified as Laboni Akter Nazrin, 9, a class III student of Harichak Government Primary School and also...

22,500 Yaba recovered: 3 held

2014-10-23 00:00:00

Rapid Action Battalion (RAB) personnel arrested three people in possession of 22,500 Yaba tablets from a bus in Teknaf Upazila in Cox’s Bazar district on Wednesday night. The arrestees were identified as Ismael, 35, a resident of Pollanpara village, Shakher,...

Withdraw Sunday\\\'s hartal: FBCCI

2014-10-23 00:00:00

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Thursday urged the alliance of Islamic parties to withdraw their Sunday's nationwide daylong hartal (shutdown) to help keep the economic activities unhurt in the country. 'A business and investment-friendly...

1kg gold seized at Shahjalal: 1 held

2014-10-23 00:00:00

Customs Intelligence officials arrested a man with 1 kg gold in Dhaka's Hazrat Shahjalal (RA) International Airport on Thursday. The arrested is Shahidul Islam, 36, of Rawzan Upazila of Chittagong district. The Customs men held Shahidul and recovered 1 kg...