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Factoring: A better alternative to L/C

M S Siddiqui | 2014-08-23 00:00:00

Payment for international trade is an issue that usually poses difficulties to businesspersons and other stakeholders. In international trade, both the buyer and the seller are concerned with the completion of the deal. The buyer wants to be sure that...

A global platform needed to fight human trafficking

Md. Jamat Ali | 2014-08-23 00:00:00

Human trafficking is one of the greatest crimes perpetrated to a lot of people on our planet, and today it is considered second to the drug trade --- the largest criminal activity in the world.  Human efforts and endeavour for...

Import through Benapole slumped last fiscal year

2014-08-23 00:00:00

Import trades through the nation's largest land port Benapole dropped significantly in the last financial year, worsened by pre-poll political unrest, officials said. In the 2013-14 fiscal, the import declined by over 200,000 tonnes. While Customs officials blame political instability...

NRB Bank

2014-08-23 00:00:00

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BB asks scheduled banks to disburse jute loan

Ziaur Rahman | 2014-08-23 00:00:00

The central bank has started the process of disbursing loan for jute millers and traders from its refinance fund to help them purchase raw jute. The bank has already directed about two dozens of scheduled banks to start disbursement of...

Eastern Bank Ltd

2014-08-23 00:00:00

Raw deal for biotech industrial products

Shamsul Huda | 2014-08-23 00:00:00

Biotechnology-based industrial products are not being developed and promoted in the absence of coordination among ministries, entrepreneurs, financial institutions and researchers, sources said. Except some leading pharmaceutical companies which manufacture vaccines, hormones, insulin and others, there is no sector that...

Spain reports record tourist numbers in July

2014-08-23 00:00:00

MADRID, Aug 22 :  Spain reported Friday record foreign visitor numbers in July, raising the prospect of a significant economic boost from the important summer tourism season. Foreign tourist numbers rose to an unprecedented 8.3 million in July, up 5.9...

Germany sues Swiss bank over vanished East German cash

2014-08-23 00:00:00

GENEVA, Aug 22 : Berlin is suing one of Switzerland's largest banks in its bid to recuperate hundreds of million euros that went missing during the reunification of East and West Germany, the bank said Thursday. Julius Baer told AFP...

Producing affordable drugs underscored

FE Report | 2014-08-23 00:00:00

Renowned child specialist National Professor Dr M R Khan Friday urged the pharmaceutical companies to manufacture and supply low-cost effective anti-cancer drugs to help out cancer patients, as oncologists from home and abroad at a conference cited rising risks of...

Photo

2014-08-23 00:00:00

Biman plans to hire pilots to plug shortage

2014-08-23 00:00:00

Faced with shortage of trained pilots, state carrier Biman Bangladesh Airlines is looking to appoint fresh pilots for the smooth operation of its flights, reports UNB. "At a recent meeting, we've discussed the issue and asked Biman to appoint fresh...

Dollar inches down ahead of Yellen speech

2014-08-23 00:00:00

TOKYO, Aug 22 (AFP) : The dollar inched down in Asia Friday as investors awaited a speech by the US Federal Reserve chief for any hint at when the bank will start raising interest rates. The US unit was changing...

BD can produce huge RDF, alternative to coal, from municipal garbage: Expert

2014-08-23 00:00:00

The country could manufacture Refused Derived Fuel (RDF), alternative to coal from soiled plastics currently disposed off as municipal garbage in the landfill sites in huge quantity, reports BSS. According to a latest baseline survey on the potential of RDF,...

BD wants trade in services in renewed accord with Bhutan

Talha Bin Habib | 2014-08-23 00:00:00

Bangladesh is set to incorporate some new clauses in its trade agreement with Bhutan for further boosting bilateral trade and investment with the Himalayan kingdom, officials said.   The Ministry of Commerce (MoC) has already  prepared some proposals for inclusion in...

Prennoy of B’desh ranks 22nd in Youth Olympics Archery

2014-08-23 00:00:00

Prennoy Murong of Bangladesh finished 22nd among 32 competitors in the first round of the men's individual of the 2nd Summer Youth Olympics Games Archery at Fangshan Archery Field of Nanjing, China Friday, reports UNB. In the 1st round Prennoy...

Bangladesh bowler Al-Amin Hossain

2014-08-23 00:00:00

Sheikh Russell names preliminary squad

2014-08-23 00:00:00

Former Bangladesh champions Sheikh Russell KC announced a 30-member preliminary squad for the six-team final round of the AFC President's Cup Football to be held in Sri Lanka next month, reports UNB. Sheikh Russell KC (Bangladesh) has been placed in...

Chelsea for more success against newcomers

2014-08-23 00:00:00

LONDON, Aug 22 (AFP): Jose Mourinho's Chelsea side will attempt to apply early pressure on their main Premier League rivals when they face a newly-promoted side for the second time inside a week with the visit of Leicester City to...

BJMC, Jamalpur, Naogaon, Panchagarh reach semis

2014-08-23 00:00:00

BJMC, Jamalpur, Naogaon and Panchagarh DSAs reached the semifinal of the Walton Air Conditioner National Youth (U-19) Female Handball Tournament eliminating their respective rivals at the Shaheed (Capt) M Mansur Ali National Handball Stadium in the city Friday, reports UNB....

Streaking McIlroy struggles, Van Pelt grabs lead

2014-08-23 00:00:00

PARAMUS, Aug 22 (AFP): Top-ranked Rory McIlroy's bid to become only the fifth player to win four consecutive PGA events started poorly Thursday at the Barclays while American Bo Van Pelt took the lead. McIlroy, coming off major victories at...

Zenit look to continue perfect start

2014-08-23 00:00:00

MOSCOW, Aug 22 (AFP): Zenit St Petersburg will be confident of extending their perfect start to the Russian Premier League season when they welcome Amkar Perm to the Petrovsky Stadium Saturday. Zenit are the only team to have won all...

sports digest

2014-08-23 00:00:00

Injured Isner pulls out of Winston-Salem WINSTON-SALEM, Aug 22: Two-time champion John Isner withdrew from the US Open tune-up event at Winston-Salem Thursday with a left ankle injury. The American was due to play Lukas Rosol in the quarter-finals Thursday,...

US Open women\\\'s singles championship.

2014-08-23 00:00:00

Road crashes kill 8 in four districts

2014-08-23 00:00:00

Eight people were killed and several others injured in road accidents in Joypurhat, Tangail, Narayanganj and Sirajganj districts Friday, reports UNB. In Joypurhat, a policeman was killed and another injured as a battery-run auto-rickshaw crashed into a motorcycle at Harendra...

Woman, son among 3 electrocuted in 2 dists

2014-08-23 00:00:00

Robi-Drishty debate competition kicks off

2014-08-23 00:00:00

Our Correspondent CHITTAGONG, Aug 22: Robi-Drishty inter-school, college and university debate competition kicked off at the Theatre Institute, Chittagong  Thursday. A total of 30 schools from Chittagong, 10 colleges and 24 universities from Dhaka and Chittagong are taking part in...

City road crash kills rickshaw puller

2014-08-23 00:00:00

A rickshaw puller, aged about 30 years, died as a passenger bus knocked his rickshaw in the city's Shapla Chattar intersection Friday, reports UNB. Police said the accident took place when a speedy bus of 'Bahon Transport Company Limited' hit...

Edn budget should be at 5-6pc of GDP: Ex-DU VC

2014-08-23 00:00:00

Former Dhaka University (DU) Vice-chancellor (VC) Prof Emajuddin Ahmed said Friday the country's education budget should reach 5-6 per cent of the GDP from the present 2.18 per cent, reports UNB. "There's chaos everywhere in the country's education sector for...

UGC reps visit SUB

2014-08-23 00:00:00

Our Correspondent CHITTAGONG, Aug 22: A team of the University Grants Commission (UGC) has recently visited the Southern University Bangladesh (SUB). Professor Akhter Hossain, member of the UGC along with a number of other members discussed about activities of the...