KUWAIT CITY, Nov 11 (AFP): Kuwait plans more than $40 billion of investment to significantly increase its capacity to produce oil and gas, a top industry official was quoted as saying Tuesday. The Gulf nation aims to raise the amount...
SINGAPORE, Nov 11 (Reuters): A worldwide fall in iron ore and coal prices is set to cut Australia's overall export revenue by $32 billion, equal to 2 per cent of projected GDP this year, Reuters calculations show. Australia is by...
LONDON, Nov 11 (Reuters): Gold steadied near $1,150 an ounce on Tuesday as demand for physical metal picked up after the previous day's 2 per cent slide, though prices remain under pressure from gains in the dollar and stocks. Buying...
FE Report | 2014-11-12 00:00:00
Electricity, gas shortage and scarce land have slowed down development in the manufacturing sector despite a sign of regaining momentum in the first quarter (Q1) of the current fiscal year (FY), 2014-15. The Metropolitan Chamber of Commerce and Industry (MCCI)...
Sonia H Moni | 2014-11-12 00:00:00
The price of liquefied petroleum gas (LPG) has slightly fallen following downward trend in the international market, industry circles said. "The price of 12 kg LPG cylinder of different companies like Kleenheat or Petragaz, Bashundhara Gas, Total Gaz and Jamuna...
FE Report | 2014-11-12 00:00:00
Apparel manufacturers now can secure cheaper loan from the central bank-managed housing fund to build dormitories for workers. The interest rate for the loan is as low as 2.0 per cent. Only members of the Bangladesh Garment Manufacturers and Exporters...
FE Report | 2014-11-12 00:00:00
A parliamentary panel Tuesday recommended that the government should not issue any fresh licence for the launch of anymore multi-level marketing company at the moment, as some MLM outfits created a crisis through confidence tricks. The Parliamentary Standing Committee on...
The Cabinet Committee on Government Purchase (CCGP) on Tuesday approved four procurement proposals including import of wheat from Ukraine. "A total of 0.25 million tonnes of wheat will be imported from Ukraine at government-to-government level," Mostafizur Rahman, Joint Secretary of...
New chairman of BHBFC Shaikh Aminuddin Ahmed has recently been appointed chairman of the board of directors of Bangladesh House Building Finance Corporation (BHBFC). During his long 43 years of banking career, Mr Ahmed worked in the State Bank of...
Prime Minister Sheikh Hasina has called upon the country's youth force to become entrepreneurs and create employment opportunities using the information and communication technology (ICT). "We don't want our youths to go here and there looking for jobs, rather they...
FE Report | 2014-11-12 00:00:00
A total of 42 banks and 16 financial institutions will showcase their financing recipes at a fair beginning in the city today (Wednesday) on the urgency of funding small-and-medium-scale industries. The two-day SME Financing fair will be staged at the...
Rezaul Karim | 2014-11-12 00:00:00
A government panel sits with stakeholders today for a review of the country's trade-facilitation issues under the draft Comprehensive Trade Policy (CTP) suiting global business regimes, officials said. Various trade barriers have been identified in the field of trade by...
Leaders of the South Asian countries have been urged to reaffirm their commitments and pledges at the upcoming 18th SAARC summit for a coordinated regional response to meet the interdependent challenges of climate change, disasters and food insecurity. Speakers made...
Our Correspondent | 2014-11-12 00:00:00
CHITTAGONG, Nov 11: MRF Trading Company, the only authorised distributor of Print-Rite, a printing materials manufacturer, has launched Print-Rite ColiDo 3D printer for the first time in Bangladesh. The formal launching ceremony was held at Bangladesh University in Mohammadpur in...
MUMBAI, Nov 11 (Reuters): Dealers are bracing for low volumes across all markets in India today (Wednesday) as unions at most banks have called for a nationwide strike that is expected to leave trading rooms with minimal staffing but not...
MOSCOW, Nov 11 (Reuters): Russia faces the prospect of three more years of sanctions and stagnation, the central bank said on Monday, honing its tactics to defend the rouble from the fallout of President Vladimir Putin's Ukraine policies and dependence...
BANGALORE, Nov 11 (Reuters): Microsoft Corp said it would roll out its Lumia 535 smartphone this month with an affordable price tag in its key markets, dropping the Nokia name just months after buying the Finnish company's handset business. Loaded...
LONDON, Nov 11 (Reuters): British retail spending recovered modestly last month after falling sharply in September, helped by consumers splashing out on big-ticket items like furniture, an industry survey showed on Tuesday. The British Retail Consortium said October total retail...
TOKYO, Nov 11 (Reuters): Japanese consumer confidence deteriorated for a third straight month in October, a Cabinet Office survey showed on Tuesday, reflecting a stumbling economy after the April sales tax hike. The survey's sentiment index for general households, which...
FE Report | 2014-11-12 00:00:00
The securities regulator has given its consent to United Power Generation & Distribution Company Limited (UPGD) to go public under book building method (BBM), after suspending it in January 2011, officials said. According to another decision of the Bangladesh Securities...
FE Report | 2014-11-12 00:00:00
The number of investors' BO (beneficiary owner's) accounts has crossed the 3.0 million-mark as fresh investors are opening accounts mainly to apply for IPO (initial public offering) shares, insiders said. According to Central Depository Bangladesh Limited (CDBL), the number of...
FE Report | 2014-11-12 00:00:00
Stocks edged marginally higher Tuesday after two sessions' fall with turnover falling further as investors took position on lucrative price level stocks. Initially, the market saw volatility, but rest of the session stayed in positive territory. At the end of...
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