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Garlic price shoots up ahead of Eid

Sonia H Moni | 2014-09-25 00:00:00

The prices of garlic, both imported and local variety, increased in last two/three days due to high demand among consumers ahead of Eid-ul-Azha, traders said. "The prices of imported garlic from China increased by around Tk 10 to Tk 13...

Indian PM seeks to add fruit juice to Pepsi, Coke

2014-09-25 00:00:00

NEW DELHI, Sept 24 (AFP): Indian Prime Minister Narendra Modi said Wednesday he has asked PepsiCo and other soft drink giants to consider adding fruit juice to their sodas to boost the income of local farmers. Modi said companies such...

Oil prices mixed in Asian trade

2014-09-25 00:00:00

SINGAPORE, Sept 24 (AFP): Oil prices were mixed in Asia Wednesday following the return of disrupted Libyan production to an already well-stocked global market and as dealers await the latest US inventory report. US benchmark West Texas Intermediate for November...

Myanmar calls for sustainable agri dev in ASEAN member states

2014-09-25 00:00:00

YANGON, Sept 24 (Xinhua): Myanmar President U Thein Sein has called on ASEAN member states to take sustainable agricultural development, food security and nutrition as the main national duties in implementing tasks for meeting the objectives of ASEAN Community, official...

Global Commodity Prices

2014-09-25 00:00:00

BD proposals to Sri Lanka sent

Talha Bin Habib | 2014-09-25 00:00:00

Bangladesh has sent proposals to Sri Lanka for signing a coastal shipping agreement between the two countries aiming to boost bilateral trade and commerce, officials said.      The proposals that Dhaka has sent to Colombo include standard of procedure, classification of...

Cheated B\\\'deshi workers return home from Sudan

FE Report | 2014-09-25 00:00:00

Bangladeshi migrants, returned home from Sudan being cheated by a manpower agent, demanded Wednesday compensation and their due salaries as per their job contract papers. They made their demands at a human chain in front of Expatriates' Welfare and Overseas...

KPMG, dataedge sign MoU for IT cooperation

FE Report | 2014-09-25 00:00:00

Rahman Rahman Huq Chartered Accountants (KPMG in Bangladesh) and data edge limited (dataedge) have signed a Memorandum of Understanding (MoU) to jointly explore mutually beneficial business engagements on Microsoft technologies and other IT advisory-related opportunities in Bangladesh. Ali Ashfaq, partner...

Dyed yarn exporters to get EDF support : BB

2014-09-25 00:00:00

Dyed yarn exporters will get credit support from Export Development Fund (EDF), a special fund of the central bank, which provides financial support to help expedite export growth. According to a circular of the central bank, issued on Tuesday, members...

Syngenta to build capacity of small farmers

2014-09-25 00:00:00

Syngenta Foundation Bangladesh (SFB) signed a memorandum of understanding (MoU) with Quasem Food Products Limited to help build capacity of small and marginal farmers. Chairman of Syngenta Foundation Bangladesh Sazzadul Hassan and Chief Operating Officer, Quasem Food Products Mahbubul Alam...

News Briefs

2014-09-25 00:00:00

Harun-ur-Rashid acting FBCCI president Director of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and Chairman of Asian Group Md Harun-ur-Rashid will perform as acting president of the country's apex trade body.  He took the charge on September...

Photo: Southeast Bank Limited

2014-09-25 00:00:00

Photo: From Left: Financial Delegate of the Turkish Red Crescent Society

2014-09-25 00:00:00

ROK agrees to boost import, hire more manpower from BD

FE Report | 2014-09-25 00:00:00

The Republic of Korea (ROK) has agreed to hire more Bangladeshi manpower and import a greater quantity of products from Bangladesh. Commerce Minister Tofail Ahmed, now in Seoul, disclosed this after holding a meeting with the Korean acting minister for...

Trainings to hone RMG trade union men’s skills on safety

2014-09-25 00:00:00

Trade union members will be better placed to enhance conditions in the readymade garment (RMG) sector following a week-long training programme designed to increase their organisational capacity and involvement in occupational safety committees, reports UNB. Two trainings titled 'Strategic Planning...

NBR earns Tk 10.7m in Rajshahi tax fair

2014-09-25 00:00:00

RAJSHAHI, Sept 24 (BSS): Income tax of over Tk 10.70 million was collected in a weeklong Tax Fair-2014 that concluded here on Monday. The National Board of Revenue (NBR) organised the fair for the fourth consecutive time in the city...

Mobile apps of 25 public services launched

2014-09-25 00:00:00

The government has launched mobile applications (apps) of its various services to make it available at the hands of the people. State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak formally launched 25 mobile apps for use by...

Photo: Standard Bank and Premier Bank

2014-09-25 00:00:00

exchange rate

2014-09-25 00:00:00

India\\\'s top court cancels 214 coal field permits

2014-09-25 00:00:00

 NEW DELHI, Sept 24 (AFP): India's top court cancelled more than 200 government permits for coal mines and handed down fines worth hundreds of millions of dollars to some companies Wednesday after the licensing process was deemed illegal. The ruling...

China has many tools to keep growth well above 7.0 pc next year: IMF

2014-09-25 00:00:00

MANILA, Sept 24 (Reuters): China has many tools to keep growth well above 7.0  next year, the International Monetary Fund said on Wednesday, downplaying the risks of the cooling property market in the world's second-largest economy. Economic growth in China...

French employer group urges \\\"shock therapy\\\" for economy

2014-09-25 00:00:00

PARIS, Sept 24 (Reuters): France should scrap its 35-hour work week, raise the legal retirement age and lower the minimum wage if it hopes to bring down chronically high unemployment and stimulate growth, the country's main employer group said on...

Saudi GDP growth falls in Q2 as oil sector slows

2014-09-25 00:00:00

DUBAI, Sept 24 (Reuters): Saudi Arabia's economic growth eased to an annual 3.8  in the second quarter of 2014, the lowest rate in a year, because of a slowdown in the oil sector, official data showed on Wednesday. But the...

GM expects record 2014 sales in China

2014-09-25 00:00:00

 SHANGHAI, Sept 24 (AFP): US auto giant General Motors (GM) expects to sell a record number of cars in China -- its biggest market -- this year, an executive said Wednesday, despite an investigation of the sector over pricing policies....

IMF says no new cash until Zimbabwe pays debts

2014-09-25 00:00:00

HARARE, Sept 24 (AFP): The International Monetary Fund has scotched suggestions that cash-strapped Zimbabwe could get fresh financial aid, saying it must first service old debts. Domenico Fanizza, a senior official from the IMF's Africa department, said the Washington-based lender...

German business confidence hits 17-month low in Sept

2014-09-25 00:00:00

FRANKFURT, Sept 24 (AFP): Germany's Ifo business confidence indicator fell to its lowest level in 17 months in September, data showed on Wednesday, as Europe's biggest economy continues to run out of steam. The Ifo economic institute's closely watched business...

Photo: SHANGHAI, China: A worker of an Industrial and Commercial Bank of China Ltd

2014-09-25 00:00:00

Engineering, power, pharma stocks dominate trading

FE Report | 2014-09-25 00:00:00

Dhaka stocks sustained its rally in another session Wednesday, extending the gaining streak for the seventh session in a row as investors took position on selective large cap blue chip stocks. The market opened on buoyant mood in the morning...

Singer wins ECRL-1 rating

2014-09-25 00:00:00

Singer Bangladesh Limited (SBL) has recently been awarded long term rating of AAA and short term rating of ECRL-1 along with a stable outlook by Emerging Credit Rating Limited (ECRL), said a press release. The assigned rating is based on...

DSE News in Brief

2014-09-25 00:00:00

Spot trading Central Pharma Ltd Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit from today (25.09.2014) to...