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Photo:Janata Bank

2014-09-01 00:00:00

\\\'Economy rebounding, inflation moderating in India\\\'

2014-09-01 00:00:00

NEW DELHI, Aug 31 (PTI):  Encouraged by marked improvement in the Gross domestic product (GDP) numbers,  Finance Minister of   India Arun Jaitley on Saturday said growth rate would accelerate further on back of improvement in investor confidence and moderation in...

Nigeria turns to beauty spots to revive tourism

2014-09-01 00:00:00

AMURUM FOREST RESERVE, Nigeria, Aug 31 (AFP) :  Birdwatchers often go to extreme lengths to spot a rare species, even travelling to the westernmost of Alaska's Aleutian islands. By contrast, the bird sanctuary in Nigeria's Amurum Forest Reserve, where undulating...

Booming electric car sales under fire in Norway

2014-09-01 00:00:00

OSLO, Aug 31 (AFP) : Ministers in Norway-a major and rich oil-producing country-are under increasing public pressure to reduce perks and tax breaks for booming electric car sales. "It's become a problem," said Erik Haugstad, a bus driver in the...

EU leaders to tackle economy amid significant concern

2014-09-01 00:00:00

BRUSSELS, Aug 31 (Xinhua): European Union (EU) leaders will address economic issues in the following months as the weak recovery of the EU economy has raised "significant" concerns. "In autumn, the European Council will address the economic situation and a...

Photo: JOHANNESBURG : South African citizens enter and exit the main shop retailer

2014-09-01 00:00:00

DSE turnover dips below Tk 5.0 billion-mark

FE Report | 2014-09-01 00:00:00

Stocks ended lower for the second straight sessions Sunday amid half-day hartal with turnover dipped below Tk 5.0 billion-mark after two weeks as investors extended their meticulous strategy. Market opened the session on a positive note, but could not sustain...

BSEC seeks consent from bourses on IPO proposal

Mohammad Mufazzal | 2014-09-01 00:00:00

The securities regulator is set to scrutinise fresh IPO (initial public offering) proposals for approval only after getting consent from the bourses in this respect, officials said. The Bangladesh Securities and Exchange Commission (BSEC) will adopt the policy in a...

nazdaqTech listed in \\\'100 Most Promising IT Cos\\\' by CIOReview

2014-09-01 00:00:00

nazdaqTechnolgies announced that it has been named amongst the "Top 100 Most Promising Information Technology Companies" by CIOReview Magazine. This is an annual honour for the best 100 technology companies in the United States.  A distinguished panel of CIOs and...

ACCA puts thrust on capacity building in stock mkt

Our Correspondent | 2014-09-01 00:00:00

CHITTAGONG, August 31: The importance of stock exchanges and capital markets in helping the developing and emerging economies such as Bangladesh to reach their potential was explored at a seminar organised by ACCA (the Association of Chartered Certified Accountants) in...

LankaBangla launches OMS with CSE

FE Report | 2014-09-01 00:00:00

LankaBangla Securities Ltd (LBSL) has launched their Order Management System (OMS) with Chittagong Stock Exchange (CSE) through API to provide direct market access (DMA) facility to the dealers as well as investors. "This is the first time in Bangladesh to...

News Briefs

2014-09-01 00:00:00

SCM Alumni Society VP re-elected CEO of EXPOPRO Md. Mamunur Rahman was recently re-elected the Vice President of SCM (Supply Chain Management) Alumni Society (SAS) for the period of 2014-16 for second time.He earlier performed as Vice President of SAS...

Photo: IFIC Bank

2014-09-01 00:00:00

Photo: Islami Bank Bangladesh Limited

2014-09-01 00:00:00

Tung Hai makes trading debut today

FE Report | 2014-09-01 00:00:00

Textile producer Tung Hai Knitting and Dyeing will make debut trading on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) today (Monday) under 'N' category, officials said. Tung Hai Knitting and Dyeing is the 36th listed firm under...

Automated issuance of GSP certificates from today

Badrul Ahsan | 2014-09-01 00:00:00

The Export Promotion Bureau (EPB) is set to introduce automated issuance of generalised system of preference (GSP) certificates from today (Monday) to check forgery in getting GSP facilities, sources said. The GSP automation software will connect National Board of Revenue...

Dhaka BRT Company vows to modernise traffic system

FE Report | 2014-09-01 00:00:00

The operations of Bus Rapid Transit (BRT) to modernise the worsening traffic system of Dhaka and its surrounding areas will be managed by a government-owned Dhaka BRT Company, operating on commercial basis, sources concerned said. The company will manage the...

BSE to introduce daily incentive scheme for equity derivatives

2014-09-01 00:00:00

MUMBAI, Aug 31 (PTI): Leading bourse BSE will introduce a new incentive scheme for brokers to attract more retail investors to equity derivatives, under which it would pay daily incentives besides existing trading-based payouts. The new daily scheme, under which...

Top 5 Sensex cos add Rs 311.65b in market valuation

2014-09-01 00:00:00

NEW DELHI, Aug 31 (PTI):  The combined market valuation of five of the top-10 blue-chip Sensex companies surged by Rs 311.65 billion last week. While TCS, ONGC, RIL, ITC and ICICI Bank saw gains in their market capitalisation (m-cap), CIL,...

ICB AMCL discloses NAV of MFs

2014-09-01 00:00:00

ICB Asset Management Company Limited (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), disclosed the following total net asset value (NAV) of different mutual funds (MFs) at the close of business operation on August 27, 2014, said a...

Photo: Rupali Bank Limited

2014-09-01 00:00:00

Responsibility for impeaching judges

Muhammad Zamir | 2014-09-01 00:00:00

Controversies continue to follow the trail of recent Cabinet decisions. First, there was the National Broadcasting Policy. That resulted in debate and accusations that the government was trying to muzzle all forms of media - electronic, print, broadcast and social....

Impeaching the judges: A few facts

M. Serajul Islam | 2014-09-01 00:00:00

The cabinet has set the ball rolling for another amendment to the Constitution - the 16th Amendment. It approved the draft of the proposed amendment in a cabinet meeting recently. Under the proposed amendment, parliament would regain its power to...

Making waterway journeys safer

2014-09-01 00:00:00

The real tragedy behind all tragic incidents that occur in the country is that the authorities concerned only wake up from slumber when valuable human lives have already been lost in such incidents. They form commissions and committees findings of...

The missing \\\'quick-fire\\\' action

Shamsul Huq Zahid | 2014-09-01 00:00:00

An act that was enforced in 2010 to facilitate 'quick-fire' action in electricity generation is set to get yet another extension. The cabinet last week approved a draft bill that sought the extension of the Energy Quick Supply (Special Provision)...

When newborns are stolen from hospital

Neil Ray | 2014-09-01 00:00:00

It is great news that the newborn -one of a twin -stolen from Dhaka Medical College and Hospital (DMCH) has been rescued from the baby lifters a week later. When the mother had to leave the hospital with one of...

Let\\\'s protect free press

2014-09-01 00:00:00

Free press and democracy cannot be separated from each other. Without free press no democracy will last long. The government is trying to tighten the grip on the press so that its misdeeds and corruption are not exposed. The common...

The lost appeal of soccer

2014-09-01 00:00:00

Once football was a very popular sport in our country or rather I should say it was the most popular game of our country. But now it has lost its magical pull. I remember in the 80's and 90's the...

Pro-active move needed in case of Hall-Mark scam

2014-09-01 00:00:00

The loan scam involving the state-owned Sonali Bank took the banking sector by storm. Later on, we came to know about many more, which were not only financial scams but also amounted to robbery that saw swindling out big sums...

Punishing the guilty and protecting the innocent

Maswood Alam Khan from Maryland, USA | 2014-09-01 00:00:00

There is a man or a woman not far from your home who is perhaps licking the edge of a knife, fondling with a loaded gun or planning a scheme to make you vanish into thin air. You may have...