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News Briefs

2014-09-03 00:00:00

Square Consumer Products turns Square Food & Beverage Square Consumer Products Limited, the manufacturer of trusted products across the country, will be operating as Square Food & Beverage Limited, said a statement. In this connection, a function was organised at...

Photo: Square Group

2014-09-03 00:00:00

Photo: President of the Bangladesh Seed Association M Anis Ud Dowla addressing

2014-09-03 00:00:00

Photo: Bangladesh Commerce Bank Limited

2014-09-03 00:00:00

Govt to resume cash incentives for white fish exports this fiscal year

Sonia H Moni | 2014-09-03 00:00:00

After one year of suspension, the government has decided to reintroduce cash incentives for white fish exporters in the current fiscal year to help facilitate exports, according to a finance ministry document. But the exporters will get a five per...

WB support sought for building deep-sea port

FE Report | 2014-09-03 00:00:00

The government sought support of the World Bank again for setting up a deep-sea port on Kutubdia Island in the Bay of Bengal to cope with Bangladesh's rising international trade, officials said. Planning Minister AHM Mustafa Kamal placed this plea...

Bashundhara Group, ICMAB sign MoU

FE Desk Report | 2014-09-03 00:00:00

Bashundhara Group and the Institute of Cost and Management Accountants of Bangladesh (ICMAB) signed a memorandum of understanding (MoU) on technical and strategic cooperation in various fields. In this connection, Managing Director of Bashundhara Group Sayem Sobhan Anvir and President...

Donors to funnel aid into \\\'robust\\\' projects: Manju

FE Report | 2014-09-03 00:00:00

Environment and Forests Minister Anwar Hossain Manju said Bangladesh needs to make its stand stronger to secure foreign aid needed to tackle the menace of a changing climate. "Only seeking funds from foreigners won't do. Robust projects should be worked...

Rakub holds Town Hall meet of Pabna Zone

2014-09-03 00:00:00

A Town Hall Meeting of all officer and staff of Rajshahi Krishi Unnayan Bank (Rakub) Pabna Zone was held at Pabna recently, said a press release. Managing Director of the bank Md Mofazzal Husain addressed the meeting as the chief...

exchange rate

2014-09-03 00:00:00

Photo: Vice Chancellor of Buet Prof Dr SM Nazrul Islam laying the foundation stone

2014-09-03 00:00:00

Photo: Infrastructure Development Company Limited

2014-09-03 00:00:00

‘Abenomics’ feared in trouble as challenges build

2014-09-03 00:00:00

TOKYO, Sept 2 (Reuters) : Prime Minister Shinzo Abe's plan for Japan's economy to generate self-sustained growth on the back of his three policy "arrows" of massive monetary easing, spending and reform appears to be faltering - but no magic...

Dollar, euro surge against yen in Asian trading

2014-09-03 00:00:00

TOKYO, Sept 2 (AFP):  The dollar and euro rallied against the yen in Asia on Tuesday as Japanese central bank policymakers prepared to meet, under pressure to launch more economic stimulus as the economy falters. In afternoon Tokyo trade the...

Swiss completes tax-dodge payments to Britain, Austria

2014-09-03 00:00:00

GENEVA, Sept 2 (AFP) :  Switzerland said Monday that it had completed a programme to pay Britain and Austria hundreds of millions of euros in settlements for past tax-dodging by their citizens. In a statement, the Swiss tax administration said...

Burger King has manoeuvered to cut US tax bill for years

2014-09-03 00:00:00

LONDON, Sept 2 (Reuters) :  Burger King may have taken a lot of flack in the past week for a deal that should curb its US tax bill but in many ways it is consistent with the burger chain's aggressive...

Dutch foreign minister tipped for EU commission job

2014-09-03 00:00:00

THE HAGUE, Sept 2  (AFP): Dutch Foreign Minister Frans Timmermans was in Brussels on Tuesday for talks with EU President Jean-Claude Juncker about becoming a commissioner in his new administration, Dutch media reported. Timmermans, from the centre-left PvdA party, is...

Photo: DÜSSELDORF, Germany : Visitors look at historical caravans at the expo

2014-09-03 00:00:00

Mixed reaction over charging of management fee by AMCs

Mohammad Mufazzal | 2014-09-03 00:00:00

Experts, asset management companies (AMCs), auditors and the securities regulator have expressed mixed opinion regarding charging of management fee of mutual funds (MFs) without performance or giving dividends to the unit- holders. Some of the AMCs said the management fee...

Stocks see rally on DSE

FE Report | 2014-09-03 00:00:00

Stocks witnessed sharp gain Tuesday with prime index of the Dhaka Stock Exchange (DSE) hitting four months high as investors went for buying spree on large cap stocks. The market started with an upward trend and the prime index of...

HSBC distributes gifts among children

2014-09-03 00:00:00

The Hongkong and Shanghai Banking Corporation Limited in Bangladesh recently distributed gifts among the children of ActionAid Bangladesh. The gifts were collected from HSBC staff and customers during Ramadan for the annual 'Joy of Giving' programme.    The 'HSBC Joy of...

News Briefs

2014-09-03 00:00:00

BB seeks reports from banks Bangladesh Bank on Tuesday directed all the 39 scheduled private and foreign commercial banks to send their corporate social responsibility (CSR) activities undertaken by them for the people of flood-affected areas. A circular has been...

Photo: Bangladesh Bank (BB) Governor Atiur Rahman addressing a press briefing

2014-09-03 00:00:00

Photo: MoneyGram Senior Regional Operations Manager, Vishal Krishnan

2014-09-03 00:00:00

Probashi Kalyan Bank to float shares in stock mkt

Badrul Ahsan | 2014-09-03 00:00:00

Probashi Kalyan Bank (PKB), the specialised state-owned bank for expatriates' welfare, has initiated a process of floating its share in the stock market for further expansion, sources said. According to the sources, the authority of the bank is at the...

Islamic Bonds: three-month term instrument to be available now

2014-09-03 00:00:00

The government has brought some changes in the existing Bangladesh government's Islamic Investment Bond (Islamic Bond), reports UNB. Internal Resource Division of the Finance Ministry issued a circular dated August 18, 2014, to bring the changes. Debt Management Department of...

MCCI for creating enabling environment to attract FDI

FE Report | 2014-09-03 00:00:00

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) said the government should create an enabling environment to make the country an attractive destination for overseas investors. "Poor conditions of infrastructure (roads, ports etc), inadequate and erratic supply of power...

Far Chemical recommends 20pc stock dividend

2014-09-03 00:00:00

The board of directors of Far Chemical Industries Ltd on Tuesday recommended 20 per cent stock dividend for the year ending on June 30, reports UNB. The annual general meeting of the company will be held on October 9, 2014 ...

Photo: Provash Chandra Mallick, General Manager, Agricultural Credit & Financial Inclusion Department, Bangladesh Bank

2014-09-03 00:00:00

BRAC EPL Daily Market Update

2014-09-03 00:00:00