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Photo: Citibank and UDDIPAN

2014-10-02 00:00:00

Knife falls on auditors, firms for \\\'misconduct\\\'

Mohammad Ali | 2014-10-02 00:00:00

Auditors' group has scrapped audit licences of seven chartered accountants (CAs) and firms and reprimanded five others for professional misconduct, an official said. The Institute of Chartered Accountants of Bangladesh (ICAB) also slapped monetary penalty on the errant accountants and...

Remarkable food output fails to impact child nutrition: IFPRI

2014-10-02 00:00:00

FE Report Bangladesh has made remarkable progress in food grain production over the years, but its performance in improving child and maternal nutrition is less satisfactory. Although agriculture has the potential to be a strong provider of nutrition, the potential...

Photo: Farmers Bank

2014-10-02 00:00:00

exchange rate

2014-10-02 00:00:00

Japan business confidence up but economy sluggish

2014-10-02 00:00:00

TOKYO, Oct 1 (AFP) : Confidence among major Japanese manufacturers improved in the past quarter after a sharp drop in the previous three months, a Bank of Japan survey showed Wednesday, but analysts warned the economy was not yet back...

China manufacturing growth stalls in September

2014-10-02 00:00:00

BEIJING, Oct 1 (AFP) : Chinese manufacturing growth stalled in September, data showed Wednesday, as a sluggish property market complicates leaders' attempts to address a slowdown in the world's second-largest economy. The official purchasing managers index (PMI) came in at...

Indonesia’s August trade balance swings to deficit

2014-10-02 00:00:00

JAKARTA, Oct 1 (AFP) : Indonesia's trade balance unexpectedly swung back to a deficit in August, official data showed Wednesday, a setback for Southeast Asia's top economy as it struggles to recover after a turbulent period. However, while the statistics...

India’s factories slow to lowest level this year

2014-10-02 00:00:00

MUMBAI, Oct 1 (AFP) :  Indian factory output touched a nine-month low in September on fewer export orders, even as inflationary pressures have eased, a key HSBC survey showed Wednesday. The British banking giant said its Purchasing Managers' Index (PMI),...

News in Brief

2014-10-02 00:00:00

Dollar breaks 110 yen for first time in 6 years TOKYO, Oct 1 : The dollar broke the 110 yen barrier for the first time in more than six years on Wednesday, following a string of generally upbeat US data...

Photo: TOKYO : Pedestrians cross a road in Tokyo on September 30.

2014-10-02 00:00:00

BD A win 3-match ODI series against Zimbabwe A

2014-10-02 00:00:00

Bangladesh A team won the three-match unofficial ODI series 2-1 beating Zimbabwe A by 13 runs in the 3rd and last match at Khan Saheb Osman Ali Stadium in Fatullah Wednesday, reports UNB. Batting first after winning the toss, Bangladesh...

Tigers in semis beating Kuwait

2014-10-02 00:00:00

Defending champions Bangladesh men's team smartly reached the semifinal of the 17th Asian Games Cricket crushing outsider Kuwait by a massive 203 runs in the 4th and last quarter-final at the Yeonhui Cricket Ground in Incheon, South Korea Wednesday, reports...

India, Pakistan end 32-year wait for hockey final

2014-10-02 00:00:00

INCHEON, South Korea, Oct 1 (AFP): Arch-rivals India and Pakistan face off in a mouth-watering field hockey final at the Asian Games Thursday with a place in the 2016 Olympics at stake. Millions of fans in both nations will be...

47-member team to represent BD in Asian Beach Games

2014-10-02 00:00:00

A 47-member Bangladesh contingent is likely to participate in the 4th Asian Beach Games to be held in the Thai tourist city of Phuket on November 14-23, reports UNB. Of the Games' 26 disciplines of sports for 169 gold medals,...

Friends beat Swadhinata

2014-10-02 00:00:00

Friends Social Welfare Organisation beat Swadhinata Krira Chakra by 2-0 goals in a match of the Bengal Group Senior Division Football League at the Bir Shreshtha Shaheed Sepoy Mohammad Mostafa Kamal Stadium in the city Wednesday, reports UNB. Monu scored...

BD men lose to Thailand

2014-10-02 00:00:00

Bangladesh men's kabaddi team completed their 17th Asian Games engagements on a frustrating note losing to lowly Thailand by 36-37 points in the last group match at the Songdo Global University Gymnasium in Incheon, South Korea Wednesday, reports UNB. After...

South Korea to face Iran in basketball final

2014-10-02 00:00:00

INCHEON, Oct 1 (AFP): The South Korea men's team thrilled a large home crowd with an improved second-half defensive display Wednesday to reach the Asian Games basketball final by beating Japan 71-63. But there was nearly a huge upset in...

sports digest

2014-10-02 00:00:00

Malaysia refuses to give back 'doping' gold INCHEON, Oct 1: Malaysia Wednesday refused to hand back the Asian Games gold medal won by a wushu athlete who failed a doping test, as a fifth athlete became snared in the hunt...

Photo: INCHEON: Qatar\\\'s Femi Seun Ogunode celebrates winning

2014-10-02 00:00:00

Portfolio investment rises sharply in Sept

FE Report | 2014-10-02 00:00:00

Portfolio investment rose significantly in September, although net overseas investment dropped to 31-month-low in August, officials said. Traders who deal with overseas investors said investment in foreign portfolios is rising, as the investors are ensuring their position in line with...

147 businessmen awarded CIP status for exports, trade

FE Report | 2014-10-02 00:00:00

The government has awarded the commercially important person (CIP-export) status to 147 businessmen in recognition of their outstanding contribution to the country's economy in the year 2012. Commerce Minister Tofail Ahmed handed over the CIP cards to the exporters at...

ABB wins $ 30m order to strengthen BD power grid

FE Desk Report | 2014-10-02 00:00:00

ABB, the leading power and automation technology group, has won an order worth around $ 30 million from Power Grid Company of Bangladesh Limited (PGCB), the country's leading transmission utility, to provide four new turnkey substations and help expand six...

DSE News in Brief

2014-10-02 00:00:00

Completion of shares sale/buy Islami Bank Dubai Islamic Bank, one of the Corporate Sponsors of the Company, has further reported that it has completed its sale of 30,00,000 shares of the Company at prevailing market price through Stock Exchange as...

News Briefs

2014-10-02 00:00:00

Margin Rules, 1999 Bangladesh Securities and Exchange Commission has extended the suspension period of the effectiveness of Rule 3(5) of the Margin Rules, 1999 till December 31, 2014.     — DSE Online GP announces 'Digital Winner' Grameenphone Limited announced the winner...

Photo: Mutual Trust Bank Limited (MTB)

2014-10-02 00:00:00

Al-Arafah Bank attracts good performance investment clients

Siddique Islam | 2014-10-02 00:00:00

 Al Arafah Islami Bank Limited (AIBL) is offering advantage to good performance investment clients aiming to expedite its business activities.  "We're offering lower rates of interest on case to case basis to attract the good performance investment clients," Md. Habibur...

BD business delegation visits Korea bourse

2014-10-02 00:00:00

A business delegation from Bangladesh recently visited Korea Stock Exchange. The delegation was led by Salahuddin Kasem Khan, MD, A. K. Khan Group. Ambassador Lee Yun-young, Dr. Pyoung-ho Shin, MD, Korea Stock Exchange,  Mohammad  Mohsin, Vice Chairman, PHP Group, Mohammad...

Stocks’ rally continued

FE Report | 2014-10-02 00:00:00

Dhaka Stocks Wednesday continued rally for the second consecutive session amid fresh fund injection by new and regular investors, market insiders said. They said investors are seeing opportunity of making profits in the capital markets as deposit rates declined in...

Sensex posts 2nd weekly decline

2014-10-02 00:00:00

MUMBAI, Oct 1 (Reuters): The BSE Sensex fell on Wednesday, with blue chips such as ITC Ltd retreating, as traders refrained from building positions ahead of an extended holiday period, while foreign investor sales also weighed on sentiment.