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News Briefs

2014-09-24 00:00:00

NBP President arrives today President of the National Bank of Pakistan (NBP) Syed Ahmed Iqbal Ashraf will arrive today (Wednesday) on a four-day official tour. During his visit, he will meet Governor of the Bangladesh Bank Dr Atiur Rahman and...

Photo: Economic Affairs Adviser to the Prime Minister Dr Masihur Rahman handing over

2014-09-24 00:00:00

Photo: A press conference on \\\'Dhaka E-commerce Fair 2014\\\'

2014-09-24 00:00:00

Record Tk 3.53b collected in Ctg tax fair

Our Correspondent | 2014-09-24 00:00:00

CHITTAGONG, Sept 23: The Income Tax zones in Chittagong have collected a record amount of Tk 3.53 billion as income tax during the recently concluded weeklong fair as against Tk 400 million in the year 2010. This has been possible...

Trade between Tripura, BD to \\\'touch $82m by 2016-17\\\'

2014-09-24 00:00:00

The rapidly increasing border trade between India's Tripura state and Bangladesh will touch US$82 million in the next two to three years, said a top Tripura Industry department official, reports bdnews24.com.  "Our target is to increase the border trade to...

BIFPCL inks deal with PricewaterhouseCoopers

2014-09-24 00:00:00

Bangladesh-India Friendship Power Company (Pvt) Ltd (BIFPCL) and NTPC of India signed a contract agreement with PricewaterhouseCoopers Private Limited, India (PWC) for "Long-term coal sourcing, maritime transportation, transshipment, inland water transport and logistics" in the city on Monday, reports BSS....

JS body on Public Accounts holds meet

2014-09-24 00:00:00

The Parliamentary Standing Committee on Public Accounts on Tuesday discussed progress in implementation of decisions in connection with audit objections against the foreign ministry and the civil aviation and tourism ministry. The discussion was held at the 9th meeting of...

Photo:Vice Chairman of NRB Global Bank Hanif Chowdhury (left),

2014-09-24 00:00:00

Photo: A symbolic key handing over ceremony between Aftab Automobiles

2014-09-24 00:00:00

exchange rate

2014-09-24 00:00:00

China manufacturing gauge picks up in September: HSBC

2014-09-24 00:00:00

BEIJING, Sept 23 (AFP) : China's manufacturing sector saw a surprise pick-up in September, a closely watched survey showed Tuesday, but economists warned a slowdown in the key property sector was an ongoing risk to growth. HSBC's preliminary purchasing managers...

Germany cannot solve France’s problems: Industry boss

2014-09-24 00:00:00

BERLIN, Sept 23 (AFP) : German industry's chief lobbyist warned France Tuesday that Berlin did not bear the blame for its neighbour's economic woes and could not be expected to solve them. In blunt remarks reflecting tensions between the two...

Euro zone growth slows as Chinese factories trundle on

2014-09-24 00:00:00

LONDON, Sept 23 (Reuters) : Euro zone business growth dipped to a 2014 low in September as firms again cut prices, while factory activity in China picked up only slightly, surveys showed, keeping the spotlight on policymakers' plans for economic...

Barclays fined $ 62m for client fund failings

2014-09-24 00:00:00

LONDON,  Sept 23 (Reuters) : British bank Barclays was fined 38 million pounds ($62 million) on Tuesday for exposing customers to unnecessary risks by failing to ensure client assets were properly safeguarded and adequate records kept. Imposing its highest fine...

Dollar down after 10-week rally, euro gains capped

2014-09-24 00:00:00

SINGAPORE, Sept 23 (AFP): The dollar slipped in Asia Tuesday following a 10-week rally, while gains in the euro were capped by concerns about slackening European economic growth. The greenback bought 108.74 yen in Singapore afternoon trade against 108.94 yen...

News in Brief

2014-09-24 00:00:00

Miner BHP Billiton to cut 700 jobs in Australia SYDNEY, Sept 23  :  Anglo-Australian mining giant BHP Billiton said Tuesday it would lay off 700 workers at coal operations in central Queensland as it seeks cost efficiencies, with weakening demand...

IPO of C & A Textiles, rights offer of BIFC approved

FE Report | 2014-09-24 00:00:00

The securities regulator Tuesday approved the IPO (initial public offering) proposal of C & A Textiles and the proposal of rights offer of Bangladesh Industrial Finance Company (BIFC), officials said. The approvals came at a commission meeting held at the...

BB to announce comprehensive CSR policy soon

FE Report | 2014-09-24 00:00:00

Bangladesh Bank (BB) Governor Dr Atiur Rahman has reiterated his call for establishing a firewall between the banks' management and the board of directors to ensure transparency in the banking sector. "A dividing firewall must be developed between the groups...

Turnover crosses Tk 10 billion-mark

FE Report | 2014-09-24 00:00:00

Stocks ended higher for the six straight session Tuesday with turnover on the major bourse crossing Tk 10 billion-mark once again as investors’ buying spree continued  mainly on banking stocks. The market opened on a positive note and peaked over...

TÜV SÜD group team due today

2014-09-24 00:00:00

Ishan Palit, Chief Executive Officer, TÜV SÜD Product Service Division, Niranjan Nadkarni, Chief Executive Officer, TÜV SÜD South Asia and other key members of TÜV SÜD group will arrive in Bangladesh today (Wednesday) to announce the company's foray in new...

News Briefs

2014-09-24 00:00:00

Selective bank branches to remain open on October 3 Branches of commercial banks dealing with readymade garment (RMG) businesses in Dhaka city, Savar, Ashulia, Gazipur, Tongi, Narayanganj and Chittagong will remain open from 10am to 12 noon on October 3...

Photo: Green Delta Insurance Company Limited

2014-09-24 00:00:00

Samsung, GP bring Galaxy Note 4

2014-09-24 00:00:00

Samsung Electronics Ltd and Grameenphone have introduced Galaxy Note 4 in Bangladesh market on Tuesday through an exclusive pre-booking offer, reports UNB. This was announced at a press briefing at the Westin Hotel in the city. Now, Grameenphone Platinum and...

Nifty posts sharpest one-day fall in 2-1/2 months

2014-09-24 00:00:00

MUMBAI, Sept 23 (Reuters): The Nifty posted its biggest single-day fall in about two-and-a-half months as blue-chips tracked weaker global shares on disappointment over European manufacturing data and concerns about an unemployment measure in a survey in China. Caution also...

Photo: (from left) ONE Bank, NCC Bank

2014-09-24 00:00:00

Photo: First Security Islami Bank Limited

2014-09-24 00:00:00

Photo: Rupali Bank Limited

2014-09-24 00:00:00

IPO Diary

2014-09-24 00:00:00

Dhaka committed to removing barriers to women dev: FM

2014-09-24 00:00:00

Foreign Minister (FM) AH Mahmood Ali has reiterated Bangladesh's commitment to remove all political and social barriers to the development of women and girls, reports UNB. "Under Prime Minister Sheikh Hasina's watch, the government remains committed as ever to breaking...

EC gets more voters than expected as it updates the voter roll

2014-09-24 00:00:00

The Election Commission (EC) has found several hundreds of thousands of voters over its estimates as it is updating the voter roll leaving out fake voters, reports bdnews24.com. However, the EC's National Identity Registration Division is saying this is 'normal'....