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UAE endorses joint Arab strategic food reserve

2014-09-28 00:00:00

DUBAI, Sept 27 (Xinhua): The United Arab Emirates (UAE) minister for food and agriculture Dr Rashid Ahmed Bin Fahad said here Friday the Gulf Arab desert state, was committed to support joint Arab efforts to set up a strategic food...

Cocoa prices surge on output fears over Ebola outbreak

2014-09-28 00:00:00

LONDON, Sept 27 (AFP) : Cocoa soared to 3.5-year highs this week on fears the Ebola outbreak could reach Ghana and Ivory Cost, the two biggest producers of the commodity used to make chocolate. Brent oil prices however tumbled to...

Global Commodity Prices

2014-09-28 00:00:00

Garment industry goes green to make eco-friendly apparels

Monira Munni | 2014-09-28 00:00:00

Country's garment industry is getting into a new era through phasing in eco-friendly technologies to meet a growing global demand for green products. A number of local apparel makers have already acquired environment-friendly or green technology in their factory operations,...

Tourism sector expects brisk business during Eid, Puja holidays

Badrul Ahsan | 2014-09-28 00:00:00

Country's tourism industry is expected to do brisk business during the ensuing Durga Puja and Eid holidays. Political stability and longest holiday appeared as a relief to the sector, which was hit hard last year due to political turmoil, sector...

Security feature for online transactions to be enhanced

2014-09-28 00:00:00

Standard Chartered Bank recently signed a memorandum of understanding (MoU) with SSL Wireless for its payment gateway solution platform. Through the MoU, SSL Wireless in collaboration with CA Technologies, will help secure online transactions made by the bank's credit and...

News Briefs

2014-09-28 00:00:00

Sacrificial animals available on akhoni.com Online market place akhoni.com has brought the opportunity to choose and buy Qurbani cattle, sacrificial animals, staying at home or anywhere through just log in to online. Log on to Akhoni.com would relieve from the...

Photo: Bangladesh Bank (BB) Governor Dr. Atiur Rahman

2014-09-28 00:00:00

Photo: EXIM Bank

2014-09-28 00:00:00

PM spreading lies abroad, alleges BNP

2014-09-28 00:00:00

BNP spokesman Mirza Fakhrul Islam Sunday alleged that Prime Minister Sheikh Hasina is spreading lies abroad as she accused BNP of taking a position against the country’s people. “The Prime Minister has said in New York that BNP and Jamaat...

Canada, EU formally conclude free trade pact

2014-09-28 00:00:00

OTTAWA, Sept 27 (AFP) : Canadian and European leaders Friday formally concluded a free trade agreement that is widely seen as a template for a larger pact between the EU and the United States. The text of the deal, which...

US firms\\\' optimism on China ebbs, wary of local rivals

2014-09-28 00:00:00

WASHINGTON, Sept 27 (Reuters) :  US companies are increasingly less optimistic about the business outlook in China, and see growing competition from local rivals who get preferential treatment as a key challenge, a survey showed on Friday. A US-China Business...

Spain boasts Europe-beating growth, raises forecasts

2014-09-28 00:00:00

MADRID, Sept 27 (AFP) :  Spain boasted it was surging ahead of its eurozone neighbours as it raised its economic growth forecasts on Friday, promising hundreds of thousands of new jobs after years of recession. The government forecast that Spain's...

Argentina appeals against WTO ruling on imports

2014-09-28 00:00:00

GENEVA, Sept 27 (AFP) : Argentina on Friday appealed against a ruling by the WTO which found that it had broken global trade rules by setting unfair requirements on good exported by partners including United States, the EU and Japan....

US economy grew at fastest pace since 2011 in Q2

2014-09-28 00:00:00

WASHINGTON, Sept 27(AFP) : The US economy grew more strongly than previously estimated in the second quarter, clocking the fastest pace since late 2011, the Commerce Department reported Friday. Gross domestic product surged at annual rate of 4.6 per cent,...

Russian ruble hits record low against dollar

2014-09-28 00:00:00

MOSCOW, Sept 27 (AFP) : The Russian ruble fell to a record low against the dollar on Friday, breaking through the level of 39 to the dollar for the first time ever. The dollar exchange rate strengthened by 60 kopecks...

Ford recalls 850,000 cars for air bag problem

2014-09-28 00:00:00

NEW YORK, Sept 27(AFP) :  Ford Motor Friday announced that it was recalling 850,000 vehicles in North America due to a systems glitch that can stop air bags from deploying in a crash. Ford issued the recall following problems in...

News in Brief

2014-09-28 00:00:00

Thai bank to open representative office in Myanmar's Yangon YANGON, Sept 27 : Thai Bank of Ayudhya Public Co.Ltd will open its representative office in Yangon, Myanmar to enhance bilateral trade and investment between the two countries, according to the...

Photo: GENEVA: Argentinian Foreign Minister Hector Timerman (R) reacts

2014-09-28 00:00:00

Lower cattle supply set to push up raw hide prices

Ismail Hossain | 2014-09-28 00:00:00

Tanners foresee a hike in the prices of rawhides and skins this year for reasons that include lower influx of sacrificial animals and higher demand of made-in-Bangladesh leather products on the international market.    Increasing prices of rawhides and skins on...

Mozena suggests BD to boost trade ties with neighbours

2014-09-28 00:00:00

COMILLA, Sept 27 (UNB): US Ambassador in Bangladesh Dan W Mozena has suggested Bangladesh to enhance its trade ties with neighbours. Mozena made the remarks while talking to journalists at Comilla Circuit House on completion of his 64-district tour here...

Licences of 54 MFIs scrapped

Rezaul Karim | 2014-09-28 00:00:00

The Microcredit Regulatory Authority (MRA) has scrapped licences of 54 microfinance institutions (MFIs) during the period from early 2012 to July 17 last because of their inability of operation and non-compliance with related rules and regulations, according to the MRA...

BTMA missing most of demand required for RMG export

Shamsul Huda | 2014-09-28 00:00:00

The textile millers say despite an increased production volume they are still missing the major percentage of woven fabrics demand required for readymade garments (RMG) export. Industry owners say it is possible to increase the current share from 40 per...

Tofail\\\'s sales pitch to attract Korean investments

FE Report | 2014-09-28 00:00:00

Commerce Minister Tofail Ahmed urged the entrepreneurs of the Republic of Korea (ROK) to invest in Bangladesh cashing in on a host of incentives Dhaka offers to foreign investors. He also called upon the Korean entrepreneurs to visit Bangladesh and...

Demand grows louder for pointing expat welfare officer in upazilas

FE Report | 2014-09-28 00:00:00

Bridging the gap between manpower recruiters and jobseekers could rid the latter of exploitative middlemen interference, immigration experts suggested Saturday as one of the remedial steps. They also demanded that the government appoint expatriate- welfare officer in every upazila office...

Training for Barind youths underscored

2014-09-28 00:00:00

RAJSHAHI, Sept 27 (BSS): Alternative income-generation training seen vital for the unemployed youths coming from poor families for their self-reliance. Speakers at a training session here on Friday made the observation. Agriculture Sustainable and Socio-Economic Development Organisation (ASSEDO) organised the...

UO for review of current trade, industrial policies

2014-09-28 00:00:00

The Unnayan Onneshan (UO), a research organisation, has called for a thorough reexamination of the current trade and industrial policies of the country to address the structural bottlenecks. In its September issue, Bangladesh Economic Update 2014, the UO stated that...

BB Governor for reshaping financial system

FE Desk Report | 2014-09-28 00:00:00

Bangladesh Bank (BB) Governor Dr. Atiur Rahman Friday highlighted BB's engagement in reshaping financial system to support sustainable development  at the Second Advisory Council Meeting of UNEP's Inquiry on 'Design of a Sustainable Financial System' held in New York. Experiences...

United Airways resumes operation

FE Report | 2014-09-28 00:00:00

The United Airways resumed its operation on Saturday with a Dhaka-Syedpur flight after a three-day suspension following an amicable solution to the crisis. "The Syedpur-bound flight of the United Airways left Hazrat Shahjalal International Airport (HASIA) at 7:15am on Saturday,"...

German co to buy Ananda ships

FE Desk Report | 2014-09-28 00:00:00

A delegation of German shipping company Nordic Hamburg led by its Managing Director Dr Rowil Ponta visited the shipyard of Ananda Shipyard & Slipways Ltd at Meghnaghat in Narayanganj recently.  The delegation members visited the shipyard complex and witnessed the...