Rezaul Karim | 2014-07-22 00:00:00
The government's earnings from imports, exports and indenting registration and renewal fees exceeded its target under the head 'non-tax revenue' in the just concluded fiscal year (FY) 2013-2014, thanks to strengthened recovery drive and increased registration and renewal fees, sources...
Sonia H Moni | 2014-07-22 00:00:00
The country's frozen foods sector has created a new record crossing the export target boosted by price hike for shrimp in global market following scarcity of vennamie shrimp in last fiscal year (FY). The exporters exported frozen foods worth US$...
MANILA, July 21 (Reuters): Philippine President Benigno Aquino has signed into law a bill allowing foreign banks to take full control of local lenders, in line with the government's push to strenghten the country's capital and financial markets. The act...
PHNOM PENH, July 21 (Xinhua): Garment and footwear industry, Cambodia's largest income earner, saw a 16 per cent increase in exports in the first six months of 2014, according to a commerce ministry's report on Sunday. The country exported apparel...
NEW DELHI, July 21 (Xinhua): South Korea and Japan have sought to set up industrial zones in the western state of Rajasthan's town of Neemrana, some 100 kilometres from the national capital, local media has reported. While South Korea has...
FRANKFURT, July 21 (Reuters): The German economy probably stagnated in the second quarter as industry shifted down a gear in the face of geopolitical concerns, the Bundesbank said in its monthly report on Monday. The loss of momentum in Germany,...
LONDON, July 21 (Xinhua): With GDP expansion at 3.1 per cent expected for 2014, Britain is set to achieve the strongest growth rate among the Group of Seven (G7) economies, said the EY ITEM Club Monday. British gross domestic product...
Jamdani, one of the finest Muslin textiles, has been loved by Bengali women for centuries for the beautiful sarees it make. Historically, it belongs to Dhaka, but not yet legally, reports UNB. A year after Bangladesh enacted a law to...
Bhutanese High Commissioner Pema Choden Monday urged Bangladeshi businessmen to invest in hydropower and agriculture sector in Bhutan, reports BSS. "Bangladeshi investors will be benefited through selling power to other countries along with India under Free Trade Agreement (FTA)," she...
SINGAPORE, July 21 (AFP) : The yen strengthened in Asia Monday as investors sought out lower-risk investments as a hedge against geopolitical uncertainty fuelled by the MH17 tragedy and Israel's ground offensive in Gaza, analysts said. The dollar bought 101.26...
The government is planning to create entrepreneurs in the upazilas to expand e-commerce and create employment for the computer and IT literate youths, official sources said. They said the entrepreneurs now being developed under the Freelancers to Entrepreneurs Development Programme...
SINGAPORE, July 21 (AFP) : Oil prices slipped in Asian trade Monday but analysts said they were supported by concerns of an escalation of the Ukraine crisis after the crash last week of a Malaysian airliner. Investors were also keeping...
Talha Bin Habib | 2014-07-22 00:00:00
The city's most shopping malls installed Monday machines to detect fake currency notes as dozens of money counterfeiting gangs are active ahead of Eid-ul Fitr. The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) with the cooperation of Bangladesh...
SHANGHAI, July 21 (AFP): Shanghai has shut a factory of US food provider OSI Group for selling out-of-date meat to restaurant giants including McDonald's and KFC, authorities said Monday, in China's latest food safety scandal. A Shanghai television channel, which...
FE Report | 2014-07-22 00:00:00
The central bank's next monetary policy will be capital market-friendly, a top central banker said. The Bangladesh Bank (BB) has now decided to announce its first half-yearly monetary policy on July 26, instead of July 27. "We'll announce the monetary...
FE Report | 2014-07-22 00:00:00
Exim Bank Ltd Monday distributed Zakat among one thousand street children under the initiative of Bangladesh Bank (BB). Each of the children received Tk 1000, officials said, BB Governor Dr Atiur Rahman as the chief guest handed over the Zakat...
FE Report | 2014-07-22 00:00:00
Stocks posted modest gain Monday with turnover on the prime bourse crossing Tk 3.0 billion-mark after 13-session as optimistic investors went for buying spree on large cap stocks. The market opened with a positive note and the momentum continued till...
LR Global Bangladesh Asset Management Company Limited has recently been awarded the Best Investment Management Company among five finalists in Bangladesh and received the "Investment Management Award, 2014" second year in a row by World Finance, a leading financial publication...
Key indices of Sonali Bank on rise State-owned Sonali Bank Limited has been making gradual progress by overcoming various impediments that the bank faced in the recent past. The key indices of the largest public bank business started showing up...
Khairul Islam | 2014-07-22 00:00:00
Bangladesh is going to face a tough contest to retain its council membership in the International Telecommunications Union (ITU) as some powerful contestants are vying for the similar seats in the UN agency, official sources said. ITU is the specialised...
FE Report | 2014-07-22 00:00:00
The high-powered committee at the Ministry of Industries (MOI) formed on the instruction of the Prime Minister to finalise proposals on setting up new industrial parks on excess land of seven state-owned enterprises (SOEs) considered several options at its first...
HONG KONG, July 21 (Reuters): Hong Kong shares sagged on Monday, though the Macau gambling sector regained momentum following losses last week stemming from a corruption probe and disappointing earnings. The Hang Seng Index closed down 0.3 per cent at...
BNP warned Monday that the judiciary would lose its head and effectiveness if parliament's power to impeach judges is restored, reports UNB. "It'll be tantamount to beheading the judiciary if parliament's power to impeach judges is restored. It'll also contribute...
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