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Attracting FDI for primary energy development

Mushfiqur Rahman | 2014-09-17 00:00:00

The Cabinet decided on August 25, 2014 to extend the Power and Energy Quick Supply (Special Provision) Act, which was scheduled to expire in October next, for four more years.  The decision was taken 'to ensure uninterrupted power and energy...

Pakistan suffers as political crisis continues

Zaglul Ahmed Chowdhury | 2014-09-17 00:00:00

No immediate settlement of the crisis in Pakistan centring the month-old sit-in demonstrations in Islamabad at the call of Imran Khan's Pakistan Tehreek-i-insaf (PTI) party and Tahirul Qadri's Pakistan Awami Tehreek (PAT) party seems to be in sight. The arrest...

Tk 8.75b cash incentives released for exporters

Ziaur Rahman | 2014-09-16 00:00:00

The government has released the second installment of cash incentives amounting to Tk 8.75 billion for disbursement among major exporters for fiscal year (FY) 2014-15. The Ministry of Finance on Monday advised the Chief Accounts Officer of the Finance Division...

No more tax sop for cos owning fish farms

Doulot Akter Mala | 2014-09-16 00:00:00

The government has lifted special tax benefit on income of fish farms after it observed wide-ranging irregularities in getting the facility. The National Board of Revenue (NBR) imposed Monday tax at a regular rate of 35 per cent on the...

News Briefs

2014-09-16 00:00:00

StanChart's Head of Group Country Risk in town Head of Group Country Risk of Standard Chartered Bank Alex Barrett is in the city on a two-day official visit to Bangladesh. During this visit, Alex Barrett will meet senior officials of...

Photo: Modhumoti Bank Limited

2014-09-16 00:00:00

Photo: National Finance Limited (NFL)

2014-09-16 00:00:00

Rakub for making agro-based economy more vibrant

2014-09-16 00:00:00

RAJSHAHI, Sept 15 (BSS): All the existing potential sectors and sub-sectors of agriculture should be brought under qualitative and quantitative investments for making the region's agro-based economy more vibrant. Services of Rajshahi Krishi Unnayan Bank (Rakub) should be taken to...

Feed formulation key to more milk from milch-cows

Our Correspondent | 2014-09-16 00:00:00

CHITTAGONG, Sept 15: Milk production will increase a lot if the feed formulation is followed for the high quality milch-cows of the country, experts said at a workshop today. Every single milch-cow requires balanced feed comprising carbohydrate, protein, fat, vitamin,...

Boosting revenue generation for national uplift stressed

2014-09-16 00:00:00

RANGPUR, Sept 15 (BSS): There is no alternative to enhance revenue generation in increasing internal resources for national uplift. State Minister for Local Government, Rural Development and Cooperatives Mashiur Rahman Ranga said this while speaking at a discussion as the...

Police, BGB seize smuggled goods

2014-09-16 00:00:00

Members of Chittagong Metropolitan Police (CMP) and Border Guard Bangladesh (BGB) seized contraband yaba tablets, Hilsa and Indian smuggled goods and Phensidyl syrup and arrested 21 smugglers including two women from Chittagong, Satkhira, Rajshahi and Joypurhat between Sunday and Monday,...

Govt to procure dredgers, machineries for waterways navigation

2014-09-16 00:00:00

The government would procure 23 dredgers, four amphibian dredgers, survey vessel, tug boat and crane boat to ensure navigation on inland waterways across the country. Shipping Minister Shajahan Khan told the house on Monday while replying to a question of...

Photo: Founder of Myone Group

2014-09-16 00:00:00

exchange rate

2014-09-16 00:00:00

India inflation hits 5-year low but rates to stay high

2014-09-16 00:00:00

MUMBAI, Sept 15 (AFP) :  India's wholesale price inflation slowed last month to its lowest in nearly five years, data showed Monday, but the country's central bank governor dampened hopes of an interest rate cut. The Wholesale Price Index rose...

EU companies flush with cash, set to invest: Study

2014-09-16 00:00:00

PARIS, Sept 15 (AFP) : European companies have close to a trillion euros in cash -- far more than before the financial crisis -- and are set to invest heavily during the next 12 months, auditor Deloitte said on Monday....

Half of wealthy Chinese plan to leave : Survey

2014-09-16 00:00:00

BEIJING, Sept 15 (AFP) : Nearly half of China's super-wealthy individuals are considering leaving the country, a survey said Monday, with most citing better overseas educational and employment opportunities for their children. The global survey of 2,000 high net worth...

Euro zone trade surplus rises in July on growing exports

2014-09-16 00:00:00

BRUSSELS, Sept 15 (Reuters) : The euro zone's trade surplus rose year-on-year in July as exports grew faster than imports, pointing to a positive contribution to economic growth at the start of the third quarter, the European Union's Statistics office...

Nissan faces battery plant cuts as electric car hopes fade

2014-09-16 00:00:00

PARIS, Sept 15 (Reuters): Nissan  boss Carlos Ghosn is preparing to cut battery manufacturing, people familiar with the matter said, in a new reversal on electric cars that has reopened deep divisions with alliance partner Renault. The plan, which faces...

OECD chops growth forecasts as eurozone crimps recovery

2014-09-16 00:00:00

PARIS, Sept 15 (AFP) :  The sickly eurozone recovery is a drag on the outlook for the global economy, the OECD warned on Monday as it cut growth forecasts for most major advanced economies. The sluggish recovery is also at...

News in Brief

2014-09-16 00:00:00

China removes top official of free trade zone SHANGHAI, Sept 15 : China has removed a senior official of its much-heralded Shanghai free-trade zone (FTZ) less than a year after it was opened, state media said Monday, amid reports he...

Photo: BEIJING: A cleaner sweeps the floor at a luxury auto showroom in Beijing

2014-09-16 00:00:00

Stocks return to the slow lane

FE Report | 2014-09-16 00:00:00

Stocks returned to the red Monday after four consecutive sessions of gains, with turnover dropping significantly as investors went for quick profit booking. The market started with an upbeat note, but late hours profit booking sale wiped out early gains....

CSE to hold Internet Trading Fair in October

FE Report | 2014-09-16 00:00:00

The Chittagong Stock Exchange (CSE) will organise a two-day fair on stock trading through internet, titled Internet Trading Fair, by the end of next month to make internet trading popular among investors. CSE managing director Syed Sajid Husain disclosed this...

JS body report on ICB Bill, 2014 placed

2014-09-16 00:00:00

The parliamentary standing committee report on The Investment Corporation of Bangladesh (ICB) Bill, 2014 was placed in Jatiya Sangsad Monday with a proposal to pass the bill in an amended form, reports BSS. Chairman of the Parliamentary Standing Committee on...

Completion of shares sale Legacy Footwear Limited

2014-09-16 00:00:00

Quazi Nafees Ahmed, one of the Sponsors/Directors of the Company, has further reported that he has completed his sale of 1,10,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier. Islamic Finance & Investment Ltd....

News Briefs

2014-09-16 00:00:00

Prime Bank Limited gets new acting managing director The Company has informed that Mr. Ahmed Kamal Khan Chowdhury has been appointed as the Acting Managing Director of the Company with effect from September 15, 2014. Withdrawal of authorised representatives Shahidul...

Photo: Trust Bank Limited

2014-09-16 00:00:00

Photo: Primary Dealers Bangladesh Limited (PDBL)

2014-09-16 00:00:00

Photo: BRAC Bank Limited

2014-09-16 00:00:00