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What the Imam did!

2014-07-21 00:00:00

The smuggling of gold into Bangladesh has increased and almost everyday the media carry news items of gold haul in different airports of the country. Needless to say, those caught are far fewer than the successful attempts of the smugglers....

SFO investigates price rigging in foreign exchange market

BBC | 2014-07-21 00:00:00

The Serious Fraud Office (SFO) has launched a criminal investigation into allegations of price rigging in the £3tn-a-day foreign exchange market. The probe will look into allegations of "fraudulent conduct", the director of the SFO said in a statement. Around...

Remembering Humayun Ahmed

2014-07-21 00:00:00

Most Popular Bangladeshi writer Humayun Ahmed left this mortal world two year back but the readers of Humayun still feel his presence through his mesmerising writing. The works of Humaun Ahmed has a magical pull. Once a reader starts reading...

The Companies Act needs to be updated

Syed Mahbubur Rashid | 2014-07-21 00:00:00

State-of-the-art corporate law is as important as developed infrastructure for attracting investors, domestic as well as foreign. However, mere codification of law is not enough unless good governance exists. That again depends on the political goodwill. Company affair is now...

Concerns mount over India\\\'s stance on global trade pact

Matt Siegel of Reuters in Sydney | 2014-07-21 00:00:00

Eleventh hour negotiations to win Indian approval for a breakthrough global trade pact may not have succeeded in the end despite initial signs of progress, sources involved in the discussions said on Saturday. India is the most prevalent among a...

FRC: CA versus CMA

Md Shahadat Hossain | 2014-07-21 00:00:00

The proposed Financial Reporting Act (FRA) is getting wide media coverage. This act has been approved in principle by the cabinet. The purpose of this proposed act is to create an independent and impartial body that can regulate reporting on...

Shakib appeals against six-month ban

2014-07-21 00:00:00

Bangladeshi world famed all rounder Shakib Al Hasan has appealed to the Bangladesh Cricket Board (BCB) to reconsider his six-month suspension given earlier this month barring him from playing cricket at all levels, reports UNB. He has also rendered a...

Uttar Baridhara Club relegated to Champs League

2014-07-21 00:00:00

Uttar Baridhara Club relegated from Nitol-Tata Bangladesh Premier Football League as they suffered a humiliating 0-6 goals defeat against newly crowned Sheikh Jamal Dhanmondi Club in their penultimate Premier League match at the Bangabandhu National Stadium on Sunday, reports UNB....

England see off Vijay in tense second Test

2014-07-21 00:00:00

LONDON, July 20 (AFP): England finally saw the back of India opener Murali Vijay before Ravindra Jadeja counter-attacked Sunday to leave the second Test at Lord's headed for a tense finish. India in their second innings were 267 for seven...

N Korea\\\'s Kim has \\\'great expectations\\\' for Asian Games

2014-07-21 00:00:00

SEOUL, July 20 (AFP): North Korea's Kim Jong-Un expressed "great expectations" for their athletes at the upcoming Asian Games in the South, state media said Sunday, despite Pyongyang's earlier threat to boycott the event. The North had announced plans to...

Steyn stars in big South Africa win

2014-07-21 00:00:00

GALLE, Sri Lanka, July 20 (AFP): Dale Steyn grabbed a match haul of 9-99 as South Africa thrashed Sri Lanka by 153 runs on Sunday on the fifth and final day of the first Test. Steyn's figures, the best by...

Ticket touts grab tickets of both buses, trains

2014-07-21 00:00:00

Ticket touts have again grabbed the tickets of both buses and trains, dashing the hopes of many city dwellers to celebrate Eid with their near and dear ones in their villages. Ticket seekers were found waiting in long queues at...

sports digest

2014-07-21 00:00:00

Real Madrid sell Morata to Juve, loan Casemiro to FC Porto MADRID, July 20: Real Madrid said Saturday they have sold Spanish under 21 striker Alvaro Morata to Juventus and were loaning Brazilian midfielder Casemiro to FC Porto. Morato has...

Brazil eye Dunga as Scolari successor

2014-07-21 00:00:00

RIO DE JANEIRO, July 20 (AFP): Brazil could appoint former coach Dunga to replace Luiz Felipe Scolari as national team boss, media reports indicated Saturday, despite ex-Corinthians coach Tite being considered the long time favourite. The Brazilian Football Confederation (CBF)...

Chinese co to build $300m int\\\'l convention centre

FE Report | 2014-07-21 00:00:00

The government will build the country's largest integrated convention centre at an estimated cost of US$300 million, Finance Minister AMA Muhith said Sunday. The 8,000-sitting capacity centre, to be built adjacent to the capital on the public-private partnership basis, aims...

MRA to go tough on errant micro-lenders

Rezaul Karim | 2014-07-21 00:00:00

The Microcredit Regulatory Authority (MRA) will take action against micro finance intuitions found to be violating the interest rates on lending and savings as set by the regulator, officials said. Tough action will also be taken against the MFIs that...

Help realise classified credits

FE Report | 2014-07-21 00:00:00

The sate-owned Sonali Bank has sought help of the Ministry of Finance (MoF) for realising the bank's classified credits worth Tk 2.579 billion due from different ministries, departments and offices, officials said. Pradip Kumar Dutta, Managing Director and Chief Executive...

Not more than 2 of a family to be bank directors

2014-07-21 00:00:00

From now on, not more than two members of a family could remain as directors of a bank as per the Bank Companies Act (amended) 2013. “The central bank has asked all the banks to strictly follow this rule,” deputy...

GIZ, EU celebrate four years of collaboration in RMG sector

2014-07-21 00:00:00

GIZ, the German Development Cooperation, and the European Union (EU) marked and celebrated four years of their collaboration improving labour standards in the ready-made garment (RMG) sector in Bangladesh. "Promotion of Social and Environmental Standards in the Industry" (PSES) Project...

News Briefs

2014-07-21 00:00:00

India among biggest UK foreign investors LONDON, July 20 : India has retained its position as a leading foreign investor into Britain, according to latest UK Trade and Industry (UKTI) figures released here today. India ranks seventh in the top...

Photo: NRB Global Bank Limited

2014-07-21 00:00:00

17pc terrestrial water, 10pc marine areas to be conserved by 2020

FE Report | 2014-07-21 00:00:00

Bangladesh is planning to conserve 17 per cent of its terrestrial and inland water and 10 per cent of coastal and marine areas potential for biodiversity and ecosystem services under protective area network within 2020. Fisheries and Livestock Minister Muhammed...

Poultry industry \\\'ready to cater for Eid demand\\\'

FE Report | 2014-07-21 00:00:00

Bangladesh Poultry Industries Coordination Committee (BPICC), an apex body of six poultry related associations, has said every possible initiative has been taken to meet the demand for poultry chicken and egg during Eid. While addressing before Iftar, convener of BPICC...

PM reaches London

2014-07-21 00:00:00

LONDON: Prime Minister Sheikh Hasina was accorded a warm reception here Monday as she arrived at the Heathrow Airport on a three-day official visit to the United Kingdom to attend the first-ever Girl Summit and hold talks with her British...

Moody\\\'s positive on Chinese SoEs reform

2014-07-21 00:00:00

BEIJING, July 20 (Xinhua): Global rating agency Moody's said reform of China's six big state-owned enterprises (SoEs) is credit positive, calling it a prudent, yet concrete, step toward broader reform. The State-owned Assets Supervision and Administration Commission (SASAC) announced on...

Asean senior economic officials meet in Myanmar

2014-07-21 00:00:00

YANGON, July 20 (Xinhua): A three-day Asean senior economic officials meeting to make preparations for an Association of Southeast Asian Nations (Asean) economic ministers meeting scheduled for August began here on Saturday, meeting sources said Sunday. The Asean Senior Economic...

Experts call for Bulgaria\\\'s accession to eurozone

2014-07-21 00:00:00

SOFIA, July 20 (Xinhua): Amid the ongoing crisis with the fourth largest bank in Bulgaria, leading experts urged the Balkan country, a European Union member since 2007, to enter the eurozone as soon as possible. The Corporate Commercial Bank (CCB)...

Will US economy\\\'s fate be set by next two weeks\\\' earnings?

2014-07-21 00:00:00

NEW YORK, July 20 (Reuters): A long hoped for improvement in the economy appears to be manifesting itself in second-quarter US earnings, but the next two weeks could be the real test. Companies such as General Electric Co and Intel...

Tesco to develop 4,000 houses

2014-07-21 00:00:00

LONDON, July 20 (Gulf News): Tesco is planning to build thousands of homes on land previously earmarked for supermarkets. The chain owns vast areas of undeveloped land across the UK and will now use it to build 4,000 properties. The...

SFO investigates price rigging in forex market

2014-07-21 00:00:00

The Serious Fraud Office (SFO) has launched a criminal investigation into allegations of price rigging in the £3 trillion-a-day foreign exchange market. The probe will look into allegations of "fraudulent conduct", the director of the SFO said in a statement....