FE Report | 2014-08-22 00:00:00
The government will provide lands for setting up special economic zone (SEZ) for Japanese investors aiming to boost bilateral trade between the two countries. "We will provide lands for setting up SEZ for Japanese investors that will help boost trade...
City Bank has recently entered into agreements with few banks and financial institutions for issuing Coupon-Bearing Subordinated Bond worth Tk 3.0 billion. IDLC Finance Limited arranged the issue, said a statement. The issue will enhance Tier II capital of City...
FE report | 2014-08-22 00:00:00
Bangladesh should make serious efforts to get the ban on export of local workers to the UAE lifted, as the construction industry there is experiencing boom again, creating demand for more workers, opine BAIRA leaders. The leaders of Bangladesh Association...
Focusing on the major issues on enhancing bilateral trade and commerce between India and Bangladesh, India-Bangladesh Business Conclave will be held on August 24 at Pan Pacific Sonargaon Hotel in the city. Organised by the Indian Chamber of Commerce (ICC),...
FE Report The Japanese government has set up the 12th SME overseas expansion platform in Bangladesh as part of its five-year programme to support 10,000 Japanese small and medium enterprises (SMEs) in the emerging countries. Norihiko Ishiguro, Vice-Minister, Ministry of...
The Parliamentary Standing committee on Power, Energy and Mineral Resources expressed its hope Thursday that the 341-MW Summit Bibiyana II gas-based power project will go into production at the year-end, reports UNB. At its fourth meeting the committee was informed...
NEW DELHI, Aug 21: The Indian cabinet cut Wednesday the minimum export prices for onions by 30 per cent, relaxing some of the curbs imposed on overseas shipments in the past two months to augment domestic supplies and rein in...
BUENOS AIRES, Aug 21 : Argentina said Wednesday it will pay all its creditors in Buenos Aires, seeking to circumvent a US court order barring it from repaying the debt it restructured after its 2001 default. The move aims to...
NEW DELHI, Aug 21 : The World Bank's private sector financing arm said Wednesday it would raise $2.5 billion in Indian rupee-denominated bonds to fund much-needed infrastructure projects across the country. The debt sale by the International Finance Corporation (IFC),...
BEIJING, Aug 21 (AFP): China's manufacturing growth slowed in August, indicating a recovery in the world's second-largest economy has yet to fully take hold, HSBC said Thursday. The HSBC preliminary purchasing managers index (PMI), which tracks activity in China's factories...
Bank of America has agreed to pay a record $16.7 billion (£10bn) to US authorities for misleading investors about the quality of loans it sold, reports BBC. The loans were sold by Countrywide Financial and Merrill Lynch before Bank of...
ULAN BATOR/BEIJING, Aug 21 (Reuters): Chinese President Xi Jinping arrived in Mongolia on Thursday for a two-day visit designed to deepen economic ties between the neighbours, with Mongolia desperate to kick-start its struggling economy with fresh investment. Xi's arrival marks...
BRUSSELS, Aug 21 (AFP): A timid economic recovery in the eurozone is still holding, a closely-watched survey showed on Thursday, but at a pace that promises only negligible growth for the year. This latest data is likely to strengthen the...
PABNA: Bangladesh Petroleum Exploration and Production Company (Bapex) Friday started drilling at Mubarakpur gas-field in Sathia upazila of the district. Petrobangla chairman Prof Hossain Monsur inaugurated the drilling work around 11am at the gas-field, the first of its kind in...
JAKARTA, Aug 21 (Reuters): Indonesia's central bank governor said on Thursday that he expected economic growth to quicken to between 5.4-5.8 per cent next year, while the bank maintained its inflation outlook of between 3-5 per cent for 2015. Bank...
WASHINGTON, Aug 21 (Reuters): The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a sustained improvement in labor market conditions. Initial claims for state unemployment benefits declined 14,000 to a seasonally...
Talha Bin Habib | 2014-08-22 00:00:00
The government has initiated a move to overhaul the state-owned jute mills by replacing century-old machinery with modern equipment aiming to make the units operationally vibrant and commercially viable, officials said. To push the move forward Bangladesh Jute Mills Corporation...
Our Correspondent CHITTAGONG, Aug 21: The annual general meeting (AGM) of Bangladesh Shipping Agents' Association (BSAA) was held in the port city on Wednesday. Chairman of the BSAA KM Mahmudur Rahman presided over the AGM. The AGM approved the annual...
NEW DELHI, Aug 21 (Reuters): Indian Finance Minister Arun Jaitley said on Thursday that the government was working to tighten up risk management in the banking sector, responding to recent scandals that have raised doubts about lending practices at state...
LONDON: European stock markets fell Friday, with Frankfurt's main DAX index losing 0.66 per cent to 9,339.17 points. London's benchmark FTSE 100 edged down 0.04 per cent, ending on 6,775.25 points, while in Paris the CAC 40 sank 0.93 per...
DUBAI, Aug 21 (AFP): Nakheel, the real estate giant at the heart of Dubai's financial crisis, confirmed Wednesday that it would repay all of its 7.9 billion dirhams (US$2.15 billion) bank debt almost four years ahead of schedule. The group...
FE Report | 2014-08-22 00:00:00
Minister for Expatriates' Welfare and Overseas Employment Khandker Mosharraf Hossain turned down Thursday private recruiters' demand for allowing the private sector along with the government to send workers to Malaysia. "Forget about Malaysia market. Bangladeshis will only be sent to...
HONG KONG, Aug 21 (Xinhua): Hong Kong's Consumer Price Index (CPI) in July fell to 3.3 per cent year on year from 3.4 per cent in June, mainly due to the smaller increases in private housing rentals and the charges...
Nazir Ahmed | 2014-08-22 00:00:00
The Constitution of Bangladesh provides for the establishment of the office of Ombudsman. Article 77 says: "(1) Parliament may, by law, provide for the establishment of the office of Ombudsman, (2) The Ombudsman shall exercise such powers and perform such...
Sajjad Zabir | 2014-08-22 00:00:00
The emerging economies signed the long awaited document to create the $100bn BRICS Development Bank and a reserve pool of another $100bn. The document was signed at the 6th BRICS summit held at Fortaleza, Brazil on 16th July 2014. Among...
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