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Ruposhi Bangla goes on renovation closure from Monday

2014-08-31 00:00:00

Ruposhi Bangla Hotel will remain closed for sixteen months from Monday due to its renovation works and it will be rebranded as 'InterContinental Dhaka' once the renovation is done. “The hotel will be closed Monday as its main renovation work...

Sri Lanka win ODI series

2014-08-31 00:00:00

DAMBULLA, Aug 30 (AFP): Seamer Thisara Perera claimed 4-34 and Tillakartane Dilshan hit an unbeaten 50 as Sri Lanka trounced Pakistan by seven wickets in the final one-dayer Saturday to clinch the series 2-1. Dhammika Prasad chipped in with two...

JP to oppose amendment to Constitution

2014-08-31 00:00:00

The Jatiya Party (JP) will oppose the bill on constitutional amendment handing back Parliament the powers to impeach Supreme Court judges. The JP parliamentary party made the decision at a meeting on Sunday at Parliament building. The meeting also decided...

sports digest

2014-08-31 00:00:00

Venus finds positives in defeat NEW YORK, Aug 30: Venus Williams again finds herself on the sidelines in the first week of the US Open, but the two-time champion didn't go down without a fight. The 34-year-old American came up...

Customs upgrade underway to speed up shipment

Doulot Akter Mala | 2014-08-31 00:00:00

Three foreign development partners and a UN agency have begun assisting country's customs department in implementing its modernisation plan for removing hurdles that delay external trade clearance and thereby increase the cost of commodities. Officials expressed the hope with the...

Regional half-yearly confce of SEBL held

FE Desk Report | 2014-08-31 00:00:00

Managing Director of Southeast Bank Limited (SEBL) Shahid Hossain laid emphasis on maintaining good quality of banking assets, close monitoring of different loan accounts and delivery of high quality customer services. He was addressing the half-yearly managers' conference-2014 of the...

News Briefs

2014-08-31 00:00:00

Brazil falls into recession as election looms BRASïLIA, Aug 30: Brazil, Latin America's largest economy, has slid into recession, further weakening President Dilma Rousseff, who faces an increasingly tough re-election battle on October 5. GDP shrank 0.6 percent in the...

Photo: Bangladesh Bank Governor Dr Atiur Rahman speaking

2014-08-31 00:00:00

Photo: Intertek Global

2014-08-31 00:00:00

Japan defence ministry asks for record budget

2014-08-31 00:00:00

TOKYO, Aug 30 (AFP) :  Japan's defence ministry Friday made its biggest ever budget request, as Tokyo bolsters its military amid worries over China's expanding naval reach. The ministry wants 5.05 trillion yen ($48.7 billion) for the year, with the...

Indian investigators drop coal scam case against billionaire Birla

2014-08-31 00:00:00

NEW DELHI Aug 30 (Reuters) :  India's Central Bureau of Investigation (CBI) has closed a coal scam case against billionaire Kumar Mangalam Birla and a former top bureaucrat that emerged in 2012 after an auditor's report on revenue loss to...

Canada economy picks up in Q2

2014-08-31 00:00:00

OTTAWA, Aug 30 (AFP) :  Canada's economy picked up momentum in the second quarter after starting the year in a slump, with activity increased in most sectors, the government statistical agency said Friday. Growth rose to 0.8 per cent, from...

Russia closes 12 McDonald\\\'s branches

2014-08-31 00:00:00

MOSCOW, Aug 30  (AFP) : Russia has temporarily closed 12 branches of McDonald's on health grounds and is carrying out more than 100 inspections, the US fast food chain said Friday. Russia has cracked down on McDonald's this month, closing...

US consumer spending pauses, but rising confidence offers hope

2014-08-31 00:00:00

WASHINGTON, Aug 30 (Reuters) :  US consumer spending fell in July for the first time in six months, but confidence among households hit a seven-year high in August, suggesting the retrenchment would be temporary. Another report on Friday showed a...

Panasonic, Tata join hands in water treatment

2014-08-31 00:00:00

TOKYO, Aug 30 (AFP) :  Japan's Panasonic will develop a water purification system together with India's Tata Group, tapping into a fast-growing market in Asia, a media report said Saturday. The electronics giant has developed a prototype of a device...

News in Brief

2014-08-31 00:00:00

China graft watchdog probes another executive at car maker BEIJING, Aug 30 :  China's anti-graft watchdog has said it is investigating a former senior executive at FAW Group Corp. for corruption, the latest target in a widening probe against the...

Photo: Bangladeshi community living in North Carolina

2014-08-31 00:00:00

New hike in rice prices

Yasir Wardad | 2014-08-31 00:00:00

Rice prices marked a fresh rise both at mill gates and retail following an increase in paddy prices, triggering sufferings for the fixed-income group of people. Millers and traders said prices are unlikely to decline before the Aman harvest. Prices...

Bamboo products bring fortune for Barguna people

2014-08-31 00:00:00

BARGUNA, Aug 30 (BSS):  A number of rural people in six upazilas of the district achieved not only self-reliance by making bamboo products but could also infuse a positive change in their lives. Bamboo craft has become the main profession...

Market flooded with \\\'energy drinks\\\' containing harmful ingredients

2014-08-31 00:00:00

Youngsters these days are obsessed with an array of energy drinks - 42 types-lining the shelves of shops both in rural and urban areas of the country with promises of energy, but a DNC report says these drinks are actually...

Commodity markets buoyed by mounting Ukraine crisis

2014-08-31 00:00:00

LONDON, Aug 30 (AFP) : Crude oil and wheat prices were lifted this week by intensifying concerns over the Ukraine crisis, while gold advanced as many investors sought shelter from geopolitical tensions. Many commodities also rose on bright economic growth...

Global Commodity Prices

2014-08-31 00:00:00

PM to hand over Unesco literacy award on Sept 8

2014-08-31 00:00:00

Prime Minister Sheikh Hasina will hand over Unesco’s 2014 International Literacy Prizes to the awardees this year in Dhaka on September 8, an event going to be held in Dhaka for the first time. Usually, the award-giving ceremony takes place...

Banking sector shows rising capital strength

2014-08-31 00:00:00

Banking sector showed rising capital strength with a weighted average core capital adequacy ratio of 10.68 per cent at the end of June, reports BSS. The level of capital adequacy was well above the 8.0 per cent risk-weighted assets, stipulated...

Asia shares mixed as Ukraine tensions trump US data

2014-08-31 00:00:00

HONG KONG, Aug 30 (AFP): Asian markets were mixed Friday as the prospect of a military confrontation between Ukraine and Russia knocked confidence and offset forecast-beating US growth data. While the rise in geopolitical uncertainty prompted investors to buy lower-risk...

Industry pushes for telecom policy review

Khairul Islam | 2014-08-31 00:00:00

The country's cellphone operators will push the government for forming a joint taskforce immediately to revise the current telecom policy what they call 'outdated'. Officials have said the existing policy is the major hindrance to attracting large-scale foreign investments in...

BSE tweaks incentives for retail participants in derivatives

2014-08-31 00:00:00

MUMBAI, Aug 30 (Business Standard): Asia's oldest stock exchange BSE has introduced incentives for retail investors who provide open interest in its equity derivative segment. The exchange has changed their trading incentives for brokers as well. The new retail investor...

China announces cuts to executive salaries at state companies

2014-08-31 00:00:00

BEIJING, Aug 30 (AFP): China's top leaders decided on Friday to cut salaries and restrict expense accounts and other perks of executives at state-owned enterprises (SOEs), official media reported, as they pursue a crackdown on corruption and extravagance. The decision...

S&P 500 edges up to set new record

2014-08-31 00:00:00

NEW YORK, Aug 30 (Reuters): US stocks closed out a strong month on a quiet note on Friday, with the S&P 500 posting a modest gain to close at a new record as the latest positive data helped extend a...

NAV of MTB Unit Fund disclosed

2014-08-31 00:00:00

The total NAV of MTB Unit Fund stood at Tk  321,129,554.06 on the basis of cost price and Tk 303,424,075.84 on the basis of market price at the close of business operation on 28 August 2014. The face value per...