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1st instalment of recompense to be distributed early Sept

Ismail Hossain | 2014-08-23 00:00:00

The first instalment of the compensation for tannery relocation from Hazaribagh to Savar will be distributed to tanneries early next month (September). The first instalment will be around 10 per cent of the total promised compensation of Tk 2.5 billion,...

Adequate rainfall helps farmers complete jute harvest soon

2014-08-23 00:00:00

RANGPUR, Aug 22 (BSS): Adequate rainfall in recent days brought huge relief to the farmers and enabled them to harvest and rot jute easily side by side with transplanting Aman seedling everywhere in the northern districts. The farmers have already...

India raises sugar import duty

2014-08-23 00:00:00

NEW DELHI/MUMBAI, Aug 22 (Reuters): India, the world's biggest sugar consumer, raised the import duty on the sweetener to 25 per cent from 15 per cent as part of efforts to help regional mills struggling with lower prices and higher...

Oil prices higher in Asian trade

2014-08-23 00:00:00

SINGAPORE, Aug 22 (AFP): Oil prices rose in Asia today but gains were capped by downbeat Chinese manufacturing data and the low likelihood of supply disruptions in conflict-hit Iraq, Ukraine and Libya, analysts said. US benchmark West Texas Intermediate for...

Indonesia revokes beef import ban on Japan to diversify supply

2014-08-23 00:00:00

JAKARTA, Aug 22 (Reuters): Indonesia has revoked a four-year ban on beef and cattle imports from Japan, in a move to reduce dependence on Australian shipments and diversify its supply sources, an official in the Southeast Asian nation's agriculture ministry...

Gold up but set for second weekly drop on interest rate speculation

2014-08-23 00:00:00

LONDON, Aug 22 (Reuters): Gold steadied above a two-month low on Friday after a five-day losing streak and was headed for its biggest weekly loss in five, hurt by strong US economic data and speculation that the Federal Reserve could...

London copper eyes biggest weekly rise in seven weeks

2014-08-23 00:00:00

SYDNEY, Aug 22 (Reuters): London copper hit its highest in a fortnight on Friday and was eyeing its biggest weekly advance since early July as brightening economic prospects for the United States eclipsed concerns over China's struggling property market. Risk...

Ukraine accuses Russia of ‘invasion’ as aid trucks move in

2014-08-23 00:00:00

IZVARYNE, Aug 22 (agencies): Russia ordered a convoy of aid trucks across the border into eastern Ukraine  Friday apparently without Kiev's permission, raising the danger of direct confrontation with the Ukrainian military which is fighting pro-Russian rebels. A Reuters witness...

Iraq forces battle militants as US warns on jihadist threat

2014-08-23 00:00:00

SULAIMANIYAH, Aug 22 (AFP): Iraqi forces battled militants northeast of Baghdad Friday, as Washington said a powerful jihadist group was "beyond anything" it has seen and that operations in Syria may also be needed. Pentagon chiefs warned of the dangers...

Militant attack from Afghanistan kills soldier in Pakistan

2014-08-23 00:00:00

ISLAMABAD, Aug 22 (AFP): A paramilitary soldier was killed in an exchange of fire with militants who entered Pakistani territory from Afghanistan on Friday, the military said. The incident happened in Muslam Bagh sector in southwestern Baluchistan province near the...

Israel strikes kill 4 Palestinians, EU seeks new truce 469 children killed in Gaza : UN

2014-08-23 00:00:00

GAZA CITY, Aug 22 (agencies): Israeli air strikes killed four Palestinians in Gaza  Friday as European governments sought UN action to end more than six weeks of bloodshed. Fighting flared anew Tuesday as Egyptian-brokered truce efforts collapsed, with Israel insistent...

Minister sparks fury over ‘small’ gang-rape comment in India

2014-08-23 00:00:00

NEW DELHI, Aug 22, (AFP): The father of a student who died after being gang-raped on a moving bus in New Delhi spoke of his anger Friday after a senior minister referred to the infamous attack as a "small incident"....

Troops exit, orderly protests unfold in US town

2014-08-23 00:00:00

FERGUSON, Aug 22 (AFP): Protests unfolded peacefully Thursday in a Missouri town, and National Guard troops withdrew, 12 days after the fatal police shooting of a black teenager that led to racially-charged unrest. No serious incidents were reported as several...

Khaleda exchanges views with business leaders

2014-08-23 00:00:00

BNP chairperson Khaleda Zia at a meeting on Saturday night with pro-BNP business leaders discussed the country’s latest political and economic condition. The nearly one-and-half hour meeting that began around 9 pm was held at her Gulshan office. BNP chairperson’s...

news digest

2014-08-23 00:00:00

Japan death toll could double as landslide fears halt rescue TOKYO, Aug 22: The death toll from catastrophic landslides in western Japan could more than double, a police tally showed Friday, as fears of a fresh collapse temporarily halted the...

Stocks take breather after Bull Run

Babul Barman | 2014-08-23 00:00:00

Stocks suffered a slight setback last week after steadily rising for straight four weeks as investors pocketed some profits. "The market edged marginally lower last week as investors preferred profit booking almost throughout the week after gaining sharp in the...

Firoz Ahmed Khan, Head of Retail Banking,

2014-08-23 00:00:00

Local currency gains some ground against dollar

2014-08-23 00:00:00

The local currency gained some ground against the greenback during the week of August 18 to August 21 last as well trading in the range of 77.43 levels. The FX market experienced adequate liquidity because of comparative lower import volume...

India\\\'s NSE index hits record high

2014-08-23 00:00:00

MUMBAI, Aug 22 (Reuters): India's NSE index rose on Friday to a record high for the fourth time this week as software stocks gained after upbeat US and German data raised optimism about the sector's business outlook, while higher global...

LSE says Q1 profits soar almost 50pc

2014-08-23 00:00:00

LONDON, Aug 22 (AFP): The London Stock Exchange (LSE) Group's net profits surged by nearly 50 per cent in the first quarter on the back of a resurgence in stock market flotations, it said on Friday. Earnings after taxation soared...

Institute of Cost and Management Accountants of Bangladesh

2014-08-23 00:00:00

Tokyo investors to eye geopolitical risks, economic figures

2014-08-23 00:00:00

TOKYO, Aug 22 (AFP): Tokyo investors will be watching the crises in Ukraine and Iraq while focusing on key economic indicators in Japan and the United States next week. "Japanese stocks extended their winning streak this week partially because geopolitical...

Ensuring productive use of public money

Haider Ahmed Khan | 2014-08-23 00:00:00

Productivity is an 'economic measure of output per unit of input'. In other words, we can say "productivity is a measure relating to quantity or quality of output to the inputs required to produce it". Every moment we are investing...

Bolstering export of farm goods

B K Mukhopadhyay | 2014-08-23 00:00:00

Economies that still attach top priority to agriculture sector stand to gain in the aggregate sense. This is because the big market globally offers ample opportunity for such economies to cash in on the increasing demand pattern, which, in turn,...

Stemming the tide of rural-to-urban migration

2014-08-23 00:00:00

Now that the rural-to-urban migration has become a governance issue, one or two pilot projects will not solve the huge problem facing cities like Dhaka and Chittagong. All ministries and divisions are now crowded in Dhaka city. Many affiliated offices...

BRICS Bank: A new world order!

Wasi Ahmed | 2014-08-23 00:00:00

The announcement of the launching of a development bank by the BRICS (Brazil, Russia, India, China and South Africa) countries last month has generated mixed reactions, centring mostly around the query whether this initiative jointly struck by the five potentially...

Saving energy

Syed Mahbubur Rashid | 2014-08-23 00:00:00

On the National Energy Security Day on August 09, prime minister`s  adviser Dr. Towfiq-e-Elahi Chowdhury said the government was considering enactment of a law to legally compel consumers to save energy by ensuring its prudent use to cope  with the...

Let\\\'s make our society old age-friendly

2014-08-23 00:00:00

Our society is gradually evolving and we see more nuclear families than joint ones. In many families, the elderly people are facing negligence and they are spending their time alone in distress. I know many well-to-do families whose children are...

Dilapidated roads

2014-08-23 00:00:00

Some of the roads in Dhaka city are totally unusable and every day those are causing immense sufferings to the commuters. I regularly commute through Mouchak Market and Moghbazar roads and have found two roads extremely difficult to pass. All...

Stop genocide in Gaza

2014-08-23 00:00:00

Israel has let loose a reign of terror in Gaza. Current atrocities on civilian Palestinians are really uncalled-for and out of all rules of the so-called 'war'. Most surprising is the reticence of the US, the UN, Arab World leaders....