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Where do we live in today?

2014-08-24 00:00:00

In order of livability, a local English daily published a report that ranked Dhaka among the world's worst ten cities! We would have topped the list. However, luckily for us, Damascus, the capital of Syria (in civil war), leads the...

Correction

2014-08-24 00:00:00

The article titled 'Ensuring productive use of public money' written by Haider Ahmed Khan, published on August 23, contains a paragraph in which it was said the Education Development Association (EDA), a non-governmental organisation, is taking huge loans from international...

JCD leaders meet Khaleda

2014-08-24 00:00:00

As part of her move to reorganise the party’s student wing, BNP chairperson Khaleda Zia on Sunday night sat in the second phase meeting with the central leaders of Jatiyatabadi Chhatra Dal (JCD). The meeting began at the BNP chief’s...

Secular society not possible without democracy: PM

2014-08-24 00:00:00

Claiming that her government has reestablished the Liberation War spirit with the 15th amendment to the constitution, Prime Minister Sheikh Hasina Sunday said it is not possible to truly establish a secular and non-communal society without protecting democracy, according to...

Mideast crisis: Nothing short of two-state solution can stem the rot

Rashidul Bari | 2014-08-24 00:00:00

Palestine and Israel, once known as cradle of civilisation, have become the hub of cemeteries in modern times. Their conflicts have shed huge blood and produced graves as far as eyes can see. The countless tombstones are silent, but the...

S Korea wants issuance of summon not to recur

2014-08-24 00:00:00

The South Korean Embassy in Dhaka on Sunday hoped that incident like issuance of summon on a diplomat would never recur in the future as it can seriously damage the friendly bilateral relations between Bangladesh and Korea. “We hope this...

Change in deferred payment of import: BB

2014-08-24 00:00:00

Bangladesh Bank (BB) has brought a change in the deferred payment against the import bill regarding the import of different goods. A circular of the Foreign Exchange Policy Department (FE Circular No 27, dated July 01, 2014) said it has...

Thrust on sharing best practices in diabetes management

2014-08-24 00:00:00

Novo Nordisk arranged 'Bangladesh National Premix Summit' Friday at BRAC-CDM, Savar. The summit was told that premix analogue might be used in all stages of disease progression with an option of easy intensification and optimisation from once to twice &...

Sebi bars PACL from raising money from investors

2014-08-24 00:00:00

MUMBAI, Aug 23 (ET Bureau): The Securities & Exchange Board of India (Sebi) has barred Delhi-based PACL, its promoters and directors from raising any money from investors, effectively shutting down one of India's largest collective investment schemes (CIS), with a...

BGMEA holds milad mahfil for Mosharraf

2014-08-24 00:00:00

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Saturday held a meeting in memory of its ex-president and former MP M Mosharraf Hossain, reports UNB. The meeting was held in the auditorium of the BGMEA complex with its president Atiqul Islam...

News Briefs

2014-08-24 00:00:00

NAV of MTB Unit Fund disclosed The total NAV of MTB Unit Fund stood at Tk  312,813,795.45 on the basis of cost price and Tk 301,867,531.72 on the basis of market price at the close of business operation on August...

Photo: Bangladesh Bank Governor Dr. Atiur Rahman

2014-08-24 00:00:00

Stock funds worldwide attract $17.9b in latest week: BofA

2014-08-24 00:00:00

NEW YORK, Aug 23 (Reuters): Investors worldwide poured $17.9 billion into stock funds and $3.1 billion into high-yield bond funds in the week ended August 20, indicating a rebound in risk appetite, data from a Bank of America Merrill Lynch...

European shares retreat on Ukraine tension

2014-08-24 00:00:00

LONDON, Aug 22 (Reuters): European shares fell on Friday after a brisk two-week rally, hurt by a ratcheting-up of tensions in Ukraine, although traders said a dovish tone in a speech by US Federal Reserve Chair Janet Yellen limited losses....

HK shares finish higher

2014-08-24 00:00:00

HONG KONG, Aug 22 (Reuters): Hong Kong shares rose on Friday, tracking gains in the US after upbeat economic data sparked a record close on Wall Street. The Hang Seng Index closed up 0.5 per cent at 25,112.23 points. It...

Asian shares hitch a ride on Wall Street\\\'s record close

2014-08-24 00:00:00

TOKYO, Aug 23 (Reuters): An index of Asian shares neared a six-and-half-year peak on Friday and was poised for a weekly gain, after upbeat US economic data sparked another record close on Wall Street. Still, investors were cautious ahead of...

Carmudi brings virtual showroom

2014-08-24 00:00:00

Camudi, the leading online marketplace for vehicles in Bangladesh, is set to change the experience of car shopping for Bangladeshi people.  Carmudi Bangladesh has started making an impact on the auto industry by bringing a huge number of showrooms of...

India\\\'s Rs 1t m-cap club now has 18 members

2014-08-24 00:00:00

MUMBAI, Aug 23 (Business Standard): India Inc's coveted club of companies with market capitalisation (m-cap) of more than Rs 1 lakh crore now has 18 members. The current market rally, which has seen benchmark indices gain about 40 per cent...

Photo: Social Islami Bank

2014-08-24 00:00:00

Photo: Islami Bank Bangladesh Limited

2014-08-24 00:00:00

Photo:First Security Islami Bank Limited

2014-08-24 00:00:00

Flood-induced supply crunch pushes up vegetable prices

FE Report | 2014-08-24 00:00:00

Prices of most consumed vegetables rose on Saturday, putting exorbitant pressure on fixed income groups. Traders attributed the hike to the supply shortage caused by the recent flood and heavy rainfall in the growing hubs of the country. Most of...

Drilling at Mubarakpur gas-field begins

2014-08-24 00:00:00

PABNA, Aug 23 (UNB): Bangladesh Petroleum Exploration and Production Company (Bapex) on Friday started drilling at Mubarakpur gas-field in Sathia upazila of the district. Petrobangla Chairman Prof Hossain Monsur inaugurated the drilling work around 11am at the gas-field, the first...

Sinopec H1 net profit up 7.5 per cent

2014-08-24 00:00:00

HONG KONG, Aug 23 (AFP): Chinese oil giant Sinopec said Friday its net profit for the first half of 2014 was up 7.5 per cent year-on-year, despite weakened domestic demand for oil products. Asia's largest refiner by capacity said its...

Commodity prices mixed with eyes on US economy

2014-08-24 00:00:00

LONDON, Aug 23 (AFP): Raw material prices diverged this week on mixed US and Chinese economic data and an easing of geopolitical concerns, analysts said. On Friday, all eyes were on Janet Yellen as the head of the US central...

Global Commodity Prices

2014-08-24 00:00:00

Photo: AMRITSAR, India: Indian street vendor

2014-08-24 00:00:00

Dhaka needs to erase its rocky anti-FDI past, says Korean envoy

2014-08-24 00:00:00

Korean Ambassador to Bangladesh Lee Yun-young has said Bangladesh should come out from protectionism and open up its market for big investors through removing its anti-FDI (foreign direct investment) atmosphere. "As Bangladesh's 'enduring friend', Korea wants to see more success...

FBCCI urges Japanese investors to collar Dhaka\\\'s incentive offers

Talha Bin Habib | 2014-08-24 00:00:00

Bangladeshi businessmen will persuade Japanese entrepreneurs to invest in a big way when a group of investors accompanying prime minister Abe descends on the capital next month, a top business leader said.   "They (Japanese investors) are very positive about investing...

Selim Osman reelected BKMEA president

FE Report | 2014-08-24 00:00:00

AKM Selim Osman was re-elected president of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) for the third term. Mr Osman reelected uncontested in BKMEA Election of Board of Directors (2014-16) on Saturday, the association said. BKMEA president said the newly...