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Japan will contribute to early TPP trade deal: PM Abe

2014-11-07 00:00:00

TOKYO, Nov 6 (Reuters): Japan will make efforts to break a deadlock in a proposed Asia-Pacific regional trade deal ahead of a key weekend meeting of trade ministers, Prime Minister Shinzo Abe said on Thursday. Saturday's meeting in Beijing "will...

OECD sees gradual US-led recovery despite euro zone weakness

2014-11-07 00:00:00

PARIS, Nov 6 (Reuters): The global economy is only gradually picking up momentum as stagnation in the euro zone and growing weakness in some big emerging economies weighs on the US-led recovery, the OECD said on Thursday. With the euro...

ECB holds key rate steady at 0.05pc

2014-11-07 00:00:00

FRANKFURT, Nov 06 (AFP): The European Central Bank held its key interest rates unchanged at its regular monthly policy meeting on Thursday. As widely expected, the ECB said in a statement that it was holding its main "refinancing" rate steady...

US jobless claims drop, four-week average lowest since 2000

2014-11-07 00:00:00

WASHINGTON, Nov 6 (Reuters): The number of Americans filing new claims for unemployment benefits fell more than expected last week, in the latest sign of tightening labor market conditions. Initial claims for state unemployment benefits dropped 10,000 to a seasonally...

B’desh asked to invest more in addressing climate change risk

2014-11-07 00:00:00

Asian countries like Bangladesh, Vietnam, Indonesia, and the Philippines should invest more in governments' capacity to protect their citizens from climate change, reports UNB. A year after super-typhoon Haiyan devastated the Philippines, a new report issued on Thursday by the...

BD wants to be \\\'pilot country\\\' in ISID: Amu

2014-11-07 00:00:00

Bangladesh is interested to be a 'pilot country' in the Inclusive and Sustainable Industrial Development (ISID) Forum of the United Nations Industrial Development Organisation (UNIDO). Industries Minister Amir Hossain Amu expressed the willingness while addressing a plenary session of the...

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2014-11-07 00:00:00

IFC aids Ebola-hit areas to put economies on track

2014-11-07 00:00:00

International Finance Corporation (IFC), a member of the World Bank (WB) Group, has announced US$450 million commercial financing for the Ebola-hit areas. The commercial financing will enable the trade, investment and employment in three severely Ebola-affected countries -- Guinea, Liberia...

Sunamganj Passport Office earns Tk 17m revenue

2014-11-07 00:00:00

SUNAMGANJ, Nov 6 (BSS): Sunamganj Regional Passport Office earned Tk 17 million as revenue during the last two months. The Passport Office sources said Additional District Magistrate of Sunamganj Abdullah-al-Mahmood inaugurated the Regional Machine Readable Passport (MRP) Office in Sunamganj...

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2014-11-07 00:00:00

Public Accounts body for realising outstanding BTCL phone bills

2014-11-07 00:00:00

The Public Accounts Committee on Thursday recommended realising the outstanding telephone bills of Bangladesh Telecommunication Company Limited (BTCL) amounting to Tk 27 million from various agencies and individuals within 30 days, reports UNB. The committee recommended disconnecting the phone lines...

S Korea to align won with global exchange rates

2014-11-07 00:00:00

SEOUL, Nov 6 (Reuters): South Korea said on Thursday it will make efforts to keep its currency in line with global exchange rates, including the yen, which has fallen sharply since the Bank of Japan decided to extend a big...

Investors remain cautious

FE Report | 2014-11-07 00:00:00

Stocks ended flat in positive territory Thursday after three sessions' fall with sluggish trading activities as investors followed cautious stance amid the nation-wide strike. The market opened with a positive mood, gaining 50 points in the first 90 minutes of...

Citi Electronic Payment Roadshow in progress

2014-11-07 00:00:00

FE Desk Report In pursuit of enhanced electronic payment usage by banks and clients across the country, Citibank, N.A. has conducted a workshop at Mymensingh recently. The workshop is third of its kind in continuation of Citi's nation-wide electronic payment...

BB permission mandatory for holding more than 5pc bank shares

2014-11-07 00:00:00

Bangladesh Bank has made mandatory taking its permission to hold more than 5 ((five) percent shares of a private bank by any individual or private body directly or indirectly, under single or joint arrangement, reports UNB. Similarly, those who already...

Banks asked to ensure enough cash in branches, ATMs

2014-11-07 00:00:00

Bangladesh Bank (BB) instructed all banks to maintain enough cash in all branches and ATMs (automated teller machines) at all times. The central bank in a circular issued on Thursday also asked the banks to ensure adequate security at their...

Prime Financial Unit Fund NAV disclosed

2014-11-07 00:00:00

The total NAV of Prime Financial First Unit Fund stood at Tk 218,206,052 on the basis of cost price and Tk 208,672,684 on the basis of market price at the close of business operation on 06 November 2014. The NAV...

New DMD of Premier Bank

2014-11-07 00:00:00

Mr. Md. Abdus Salam has recently joined Premier Bank Limited as Deputy Managing Director. Mr. Salam in his long career worked in leadership roles for more than 37 years with different reputed banks. He started his career in 1976 as...

DSE News in Brief

2014-11-07 00:00:00

New MD of Bangladesh Submarine The Company has informed that the Board of Directors of the Company has appointed Mr. Md. Monowar Hossen as the Managing Director (MD) of the Company for the period of next two years. Completion of...

BB to set target to finance green energy projects

2014-11-07 00:00:00

FE Report Prime Minister's Economic Affairs Advisor Dr Mashiur Rahman on Thursday said renewable energy sector will not require any subsidy in the future. Dr Mashiur said this while speaking at a launching ceremony of the two-day "IDCOL Green Energy...

The 1000th board meeting of Pubali Bank Limited

2014-11-07 00:00:00

Market valuation of BSE listed companies nears Rs 100t-mark

2014-11-07 00:00:00

NEW DELHI, Nov 6 (PTI): As the benchmark BSE Sensex is witnessing a dream-rally, the total market valuation of BSE-listed companies has inched closer to the Rs 100 trillion mark. At present, the total market capitalisation (m-cap) of BSE-listed companies...

Al-Arafah Islami Bank Limited

2014-11-07 00:00:00

Hong Kong shares end lower

2014-11-07 00:00:00

SHANGHAI, Nov 6 (Reuters): Hong Kong shares fell on Thursday, dampened by consolidation after recent rallies and uncertainty over the progress of a cross-border share scheme between Shanghai and the city. The Hang Seng Index unofficially closed down 0.2 per...

ICB AMCL discloses NAV of MFs

2014-11-07 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 November 5, 2014, said a...

ICB AMCL discloses NAV of different funds

2014-11-07 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 November 5, 2014, said...

Tarique takes a swipe at Bangabandhu again

2014-11-07 00:00:00

Claiming that he has been charged with sedition for revealing historical facts, BNP senior vice chairman Tarique Rahman has said a sedition case should be filed against Bangabandhu Sheikh Mujibur Rahman for being the president of Bangladesh after returning home...

Ramna blast case condemned convict Bakar held

2014-11-07 00:00:00

Members of Rapid Action Battalion (RAB) arrested a condemned convict of Ramna Batamul blast case from Keraniganj Upazila early Thursday, reports UNB. The arrestee was identified as Abu Bakar alias Hafez Selim Hawladar, 35, one of eight condemned convicts of...

Pro-AL blue panel wins DU dean polls

2014-11-07 00:00:00

Pro-Awami League (AL) teachers' platform known as Blue Panel swept the dean elections of Dhaka University (DU) Thursday, reports UNB. The Blue Panel bagged eight posts while the BNP-Jamaat-backed White Panel two only. Election Commissioner and DU treasurer Kamal Uddin...

Khaleda to address Suhrawardy Udyan rally tomorrow

2014-11-07 00:00:00

BNP chairperson Khaleda Zia will address her party's scheduled rally at Suhrawardy Udyan in the city tomorrow (Saturday), reports UNB. BNP will arrange the rally at 2.00 pm to mark the civil-military 'uprising' that led to the release of then...