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30th Social Business Design Lab held

2014-09-18 00:00:00

The 30th Social Business Design Lab took place at the Grameen Bank Auditorium in the city Wednesday. Over 120 participants from national and international organisations with diverse background attended the programme, said a statement. The Design Lab was presided over...

FBCCI calls for withdrawing hartal

2014-09-18 00:00:00

Expressing deep concern over the 48-hour dawn-to-dusk hartal today (Thursday) and September 21, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Wednesday called upon the political party to withdraw the strike for the sake of the country's economy,...

News Briefs

2014-09-18 00:00:00

Tk 4.75b income tax collected on 2nd day of tax fairs The National Board of Revenue (NBR) has collected Tk 4.75 billion income tax against 16,593 tax returns on the second day of the tax fairs across the country. Some...

Photo: The inaugural ceremony of own office premises of Bangladesh Insurance Association (BIA)

2014-09-18 00:00:00

Photo: Bangladesh Bank Governor Dr Atiur Rahman holding an orientation meeting

2014-09-18 00:00:00

Businesses for Pangaon ICT under pvt management

Shamsul Huda | 2014-09-18 00:00:00

Business leaders want Pangaon Inland Container Terminal (PICT) should operate under private management with an aim to reduce cargo transportation time and freight costs, maintain enough river draught and ensure insurance coverage. While talking to the FE, experts in logistics...

RCC implements Tk 4.27b projects

2014-09-18 00:00:00

RAJSHAHI, Sept 17 (BSS): Rajshahi City Corporation (RCC) at present is implementing five major projects involving Tk 4.27 billion aiming to bringing a qualitative change particularly in the field of infrastructural and environmental elevation in the metropolis. The projects are...

Non-issuing ERCs take toll on SAAD Musa Industrial Park

Pankaj Dastider | 2014-09-18 00:00:00

CHITTAGONG, Sept 17: Hundred per cent export-oriented industries of a major industrial group in Chittagong have been denied Export Registration Certificate (ERC) for the last 40 months on the plea that the local controller office of Imports and Exports is...

Photo: A seminar jointly organised by Planning Commission and Japan International Cooperation Agency (Jica)

2014-09-18 00:00:00

Photo: Bangladesh Krishi Bank

2014-09-18 00:00:00

Photo: Leaders of Chittagong Drinking Water Manufacturers Association

2014-09-18 00:00:00

exchange rate

2014-09-18 00:00:00

Sony warns of $2.14b annual loss, blames mobile unit

2014-09-18 00:00:00

TOKYO, Sept 17 (AFP) : Sony on Wednesday said it would lose $2.14 billion this fiscal year, more than four times its earlier forecast as the Japanese electronics giant blamed a downturn in its mobile phone business. The company also...

More stimulus measures seen as China boosts economy

2014-09-18 00:00:00

SHANGHAI, Sept 17 (AFP) :  A reported $81 billion injection into China's major banks is probably the first of a series of fresh stimulus measures by Beijing to bolster its flagging economy, the world's second largest, analysts said Wednesday. Online...

India home to 100 billionaires; 6th largest population globally

2014-09-18 00:00:00

NEW DELHI, Sept 17 (PTI) : India has retained its sixth position in terms of number of billionaires with 100 such people collectively having USD 175 billion in networth, while globally the number of uber-rich has reached a record high...

Cambodian garment workers press factories for pay rise

2014-09-18 00:00:00

PHNOM PENH, Sept 17 (AFP) : Cambodian trade unionists and hundreds of garment workers on Wednesday launched a campaign for a $77 monthly pay hike, turning up the pressure on factories ahead of looming wages talks. About 500 workers joined...

News in Brief

2014-09-18 00:00:00

Dollar holds firm ahead of Fed meeting TOKYO, Sept 17  :  The dollar held steady in Asia on Wednesday as investors await the outcome of a US Federal Reserve meeting later in the day.The greenback fetched 107.23 yen in Tokyo...

Large cap stocks continue to dominate

FE Report | 2014-09-18 00:00:00

Stocks ended Wednesday higher for the second straight session with turnover crossing the Tk 9.0 billion-mark as investors continued buying spree focusing on large cap issues. The market started with a flying note, gaining 97 points within the opening hour...

Banglalink settles Priyojon Life Insurance claim

2014-09-18 00:00:00

Banglalink has settled the insurance claim within 72 hours following the untimely and unfortunately demise of one of its Priyojon Insurance subscribers, Syed Selim Hasan in Laxmipur, reports UNB. Selim Hasan being the head of the family had chosen one...

AB Bank, UCB, IIDFC arrange term loan for Fiber@Home

2014-09-18 00:00:00

AB Bank Limited, United Commercial Bank Limited (UCB) and Co-arranger Industrial and Infrastructure Development Finance Company Limited (IIDFC) has arranged a syndicated term loan to the tune of Tk 1004 million and $ 6.35 million (without IDCP) for Fiber@Home Limited,...

GP sends abroad Tk 37.52b profit

2014-09-18 00:00:00

Posts, Telecommunications and Information Technology Minister Abdul Latif Siddique Wednesday told the parliament that the five foreign mobile phone operators in the country sent abroad Tk 39.56 billion profit till 2012, reports BSS. "Some six including state run and foreign...

News Briefs

2014-09-18 00:00:00

Completion of shares sale/buy Generation Next Fashions Limited Mohd. Akhter and Javed Opgenhaffen, both are Directors of the Company, have further reported that they have completed their sale/buy of 1,50,000 shares of the Company at prevailing market price through Stock...

Photo: Standard Bank Limited (SBL)

2014-09-18 00:00:00

Photo: National Bank Limited

2014-09-18 00:00:00

Sensex rebounds from nearly 2-1/2-week lows

2014-09-18 00:00:00

MUMBAI, Sept 17 (Reuters): The BSE Sensex rose on Wednesday, recovering from nearly 2-1/2-week lows hit in the previous session, as hopes the US Federal Reserve would keep its stimulus measures boosted exporters such as Infosys Ltd and other blue...

Jamaat hartal continues amid low-key response

2014-09-18 00:00:00

The 24-hour nationwide hartal, enforced by Jamaat-e-Islami Bangladesh demanding the release of its jailed nayeb-e-ameer Delwar Hossain Sayedee, continued amid poor response on Thursday. In the capital, Jamaat-Shibir activists brought out processions in support of the shutdown in different areas,...

BSEC rejects Safko Spinning rights offer

FE Report | 2014-09-18 00:00:00

The securities regulator has turned down the rights offer of Safko Spinning Mills Limited (SSML) for its failure to meet the securities rules concerned, officials said. The officials of the Dhaka Stock Exchange (DSE) said they received a letter from...

European shares gain on hope of less hawkish Fed

2014-09-18 00:00:00

LONDON, Sept 17 (Reuters): European shares rose in cautious trading on Wednesday on expectations that the US Federal Reserve may signal after a meeting later in the day that it will continue to keep interest rates low for a longer...

HK main index posts first gain in 2 weeks

2014-09-18 00:00:00

HONG KONG, Sept 17 (Reuters): Hong Kong's benchmark index closed higher for the first time in nine sessions on Wednesday, tracking gains in US markets on speculation the Federal Reserve would maintain a pledge on low rates when a two-day...

JS body for raising BIWTC capital from share market

2014-09-18 00:00:00

The 6th meeting of the parliamentary standing committee on shipping ministry met at the parliament complex on Wednesday and discussed ways and means of reducing maritime accidents, reports BSS. The Jatiya Sangsad (JS) committee also suggested listing of the Bangladesh...