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Tk 12,600 min wage for shrimp, fish processing workers demanded

FE Report | 2014-09-26 00:00:00

Labour leaders of shrimp sector and rights activists Thursday demanded fixation of Tk 12,600 as monthly minimum wage for each shrimp and fish processing industry worker from Tk 2,645 with to uplift them from extreme poverty line. They said workers...

Redirecting Bangladesh tourism traffic targetted

2014-09-26 00:00:00

The bus service on Guwahati-Shillong-Dhaka bus which is going to start its trial run next month will generate greater interest in Bangladeshi tourists about Indian northeast region. Bangladesh High Commissioner to India Tariq A Karim said this while speaking as...

Belarus offers $15m to improve BD RMG sector

2014-09-26 00:00:00

Belarus has offered Bangladesh US$15 million as long-term assistance for the development of readymade garment (RMG) sector. Belarusian Prime Minister Mikhail V Myasnikovich made the offer during a meeting with Prime Minister Sheikh Hasina at the UN Headquarters on Wednesday...

Mozena lauds BD potential

2014-09-26 00:00:00

CHANDPUR, Sept 25 (UNB): Disagreeing with those who have brand Bangladesh a poor country, US Ambassador in Dhaka Dan Mozena said here on Thursday that Bangladesh is a rich country and blessed with enormous potentials. The US diplomat said Bangladesh...

Photo: Sonali Bank

2014-09-26 00:00:00

Photo: Visitors a stall of the Computer Jagot-organised E-Commerce Fair-2014

2014-09-26 00:00:00

Photo: A workshop on national savings schemes

2014-09-26 00:00:00

exchange rate

2014-09-26 00:00:00

India promises investors more red carpet, less red tape

2014-09-26 00:00:00

NEW DELHI, Sept 25 (AFP): Prime Minister Narendra Modi pledged Thursday to slash red tape and harness the benefits of a huge young population as he launched a campaign to attract global business to manufacture in India. India's business-friendly new...

S&P affirms ratings on Japan but outlook remains negative

2014-09-26 00:00:00

 TOKYO, Sept 25 (AFP): Standard & Poor's said Thursday that it had affirmed its long-term sovereign credit ratings on Japan at 'AA-' but the outlook remained negative, despite efforts to boost the nation's growth, dubbed Abenomics. S&P also affirmed its...

China, Spain sign business deals worth $4.0 billion

2014-09-26 00:00:00

SHANGHAI/BEIJING, Sept 25 (Reuters): China and Spain signed business deals worth about 3.2 billion euros ($4 billion) on Thursday during a visit by Spanish Prime Minister Mariano Rajoy to the Asian powerhouse to drum up support for his country's economy....

Canada-EU trade pact can\\\'t be renegotiated: EU official

2014-09-26 00:00:00

 FRANKFURT, Sept 25 (AFP): Changes cannot be made to a trade deal between the European Union and Canada without killing it off completely, EU Trade Commissioner Karel De Gucht warned to a German newspaper on Thursday. "If we re-open negotiations...

China finds $10 billion in fake trade deals

2014-09-26 00:00:00

SHANGHAI, Sept 25 (AFP): China has uncovered fake trade deals worth nearly $10 billion, the country's foreign exchange regulator said Thursday, following an investigation aimed at illegal cross-border capital flows. A large number of companies were found to have forged,...

US jobless claims up less than expected, point to firming labor market

2014-09-26 00:00:00

WASHINGTON, Sept 25 (Reuters): The number of Americans filing new claims for unemployment benefits rose less than expected last week, suggesting an acceleration in job growth in September. Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted...

Russian court upholds businessman evtushenkov\\\'s house arrest

2014-09-26 00:00:00

MOSCOW, Sept 25 (Reuters): A Moscow court on Thursday ordered wealthy businessman Vladimir Yevtushenkov to remain under house arrest until Nov. 16, pushing down shares in his company Sistema in a case that has shocked Russian business leaders. Yevtushenkov, Sistema's...

Eurozone loans to private sector still contracting, says ECB

2014-09-26 00:00:00

FRANKFURT, Sept 25 (AFP): Loans to the private sector in the euro area, a gauge of economic health, fell year-on-year in August, but by slightly less than in July, the European Central Bank said on Thursday. The volume of loans...

Photo: VILNIUS, Lithuania: Mario Draghi (left), President of the European Central Bank (ECB)

2014-09-26 00:00:00

Disclosure of true info in financial statements a sine qua non

FE Desk Report | 2014-09-26 00:00:00

Speakers at an ICAB members' conference on Thursday laid stress on professional integrity, transparency, accountability, proper presentation of financial statements and quality audit report for ensuring balanced development of economy of the country. Their opinion came in Members' Conference of...

Square Pharma AGM approves 30pc cash, 15pc stock dividends

2014-09-26 00:00:00

Square Pharmaceuticals Ltd approved cash dividend at the rate of 30 per cent and stock dividend (bonus share) at the rate of 15 per cent to its shareholders for the year ended March 31, 2014 at its 48th annual general...

Stocks see rally for 8th day

FE Report | 2014-09-26 00:00:00

Stocks extended the gaining streak for the 8th straight session Thursday with turnover crossing Tk 11.0 billion-mark once again as investors’ buying spree continued. The market opened with a flying note which continued throughout the session. At the end of...

Citi, IDLC sign direct debit agreement

2014-09-26 00:00:00

IDLC Finance Limited, the largest multi-product financial institution in Bangladesh has recently signed a direct debit agreement with Citibank NA Bangladesh, said a press release. Direct debit will allow IDLC Finance Limited to pull funds from its customers in local...

BSEC, DSE in dark on suspension of United Airways operation

FE Report | 2014-09-26 00:00:00

The securities regulator and the premier bourse are yet in dark about service suspension of lone listed airliner United Airways (BD) whose 74.37 per cent shares are in the hands of general investors. The officials of Dhaka Stock Exchange (DSE)...

News Briefs

2014-09-26 00:00:00

Training workshop for corporate, banking professionals A training workshop on anti-money laundering risk management: KYC and bankers' responsibility will be held today (Friday) at Ispahani Building in the city. 3D, a learning initiative of Ispahani Group has arranged the course...

Photo: UCB

2014-09-26 00:00:00

GP launches ‘Customer FIRST’ mobile app

2014-09-26 00:00:00

Grameenphone Limited introduced on Thursday its first 'Customer FIRST' app with a mobile application for its employees to empower them to better serve as the organisation's brand ambassadors, reports UNB. The Customer FIRST App is a simple and effective solution...

Sensex, Nifty fall around 1pc

2014-09-26 00:00:00

MUMBAI, Sept 25 (Reuters): The BSE Sensex and Nifty fell for a third consecutive session on Thursday, as lenders and other coal-related firms remained under pressure a day after the Supreme Court scrapped all but four of 218 coal blocks...

Fareast Islami Life Ins recommends 40pc cash dividend

2014-09-26 00:00:00

The board of directors of Fareast Islami Life Insurance Company Ltd has recommended 40 per cent cash dividend for the year ended on December 31, 2013, reports UNB.   The annual general meeting (AGM) of the company will be held on...

ICB AMCL discloses NAV of different funds

2014-09-26 00:00:00

ICB Asset Management Company Limited (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), disclosed the following total net asset value (NAV) of different open-end mutual funds (MFs) at the close of business operation on September 24, 2014, said...

ICB AMCL discloses NAV of MFs

2014-09-26 00:00:00

ICB Asset Management Company Limited (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), disclosed the following total net asset value (NAV) of different mutual funds (MFs) at the close of business operation on September 24, 2014, said a...

Photo: General Manager, Business Development, Apollo Hospitals Dhaka

2014-09-26 00:00:00