FE Report | 2014-07-16 00:00:00
Taking a tip from intelligence reports, the government Tuesday asked the garment manufacturers to pay workers wages and festival allowance by July 26 to avert any unwanted situation. The labour ministry held a meeting with the labour leaders and apparel...
FE Report | 2014-07-16 00:00:00
The Anti-corruption Commission (ACC) has finally included in the charge-sheet Sohel Rana, owner of Rana Plaza in Savar, which collapsed on April 25 in 2013, killing 1,129 people. He has been included in the list of the accused for constructing...
The High Court (HC) has issued a five-point directive to prevent the use of chemicals to ripen and preserve fruits, reports bdnews24.com. A copy of the full verdict has been obtained by the news agency. In its directives, the court...
Ismail Hossain | 2014-07-16 00:00:00
The microcredit regulator directs the country's micro finance institutions (MFIs) not to charge interest at more than 10 per cent rate during inter-MFI transactions. The Microcredit Regulatory Authority (MRA), in its recent guideline on the inter-MFI transaction, said the guideline...
FE Report | 2014-07-16 00:00:00
The central bank on Tuesday sent a 47-page detailed investigation report on the BASIC Bank Limited to the Anti-Corruption Commission (ACC) for taking legal action against the accused behind the scam. "We've submitted the detailed investigation report on the BASIC...
FHM Humayan Kabir | 2014-07-16 00:00:00
The government implemented 95 per cent of the Tk 600 billion Annual Development Programme (ADP) in the just-concluded fiscal year (FY) 2013-14 with poor execution of donor-funded projects, officials said Tuesday. A top Planning Commission official said the government ministries...
Doulot Akter Mala | 2014-07-16 00:00:00
The decision to levy tax at the rate of 5.0 at source on the return received in excess of the premiums at maturity of life insurance policies has given rise to some complexities. In the budget for the fiscal year...
Zahid Hussain and Johannes Zutt | 2014-07-16 00:00:00
Bangladesh has made noteworthy progress in revenue mobilization in recent years. The tax revenue-to-GDP ratio was fairly stable during fiscal year (FY) 05-09, at an average of 8.6 per cent. Since FY10, the tax revenue ratio has been on a...
Shamsul Huq Zahid | 2014-07-16 00:00:00
All concerned do know that nothing would get into or move out of the Chittagong port without the greasing the palms of a section of corrupt port and customs officials. The direct victims of the evil practice, the exporters and...
Pankaj Dastider | 2014-07-16 00:00:00
CHITTAGONG: Appointment of an operator for the newly-built NCT (Newmooring Container Terminal) faces uncertainty over the modality of running the terminal either by an international or local operator. Chittagong Port Authority (CPA) is likely to face a heated debate in...
Badrul Ahsan | 2014-07-16 00:00:00
Transactions in the city's footwear outlets are yet to pick up ahead of the holy Eid with locally produced items facing tough competition with Chinese ones, traders said. They said sales in their shops dropped by more than 40 per...
Trading through Benapole landport in Jessore had been remaining halted since Tuesday morning due to a strike called by Indian Clearing & Forwarding (C&F) agents. The C&F agents stopped trading through Petrapole port as India's customs department slapped restriction on...
Communications Minister Obaidul Quader Tuesday said the state-run transport corporation, BRTC, would launch a special service with its 900 buses across the country ahead of holy Eid-ul-Fitr. "The BRTC (Bangladesh Road Transport Corporation) would conduct the special service on the...
Tokyo’s Nikkei 225 index was flat on Wednesday morning after Wall Street closed mostly lower following the Fed chief's warning over ‘stretched’ valuations in some equity sectors. The Nikkei slipped 0.01 per cent, or 0.79 points, to 15,394.37 points by...
Chinese shares were flat in morning trade on Wednesday as the market awaited the release of the second-quarter economic growth figure, dealers said. The benchmark Shanghai Composite Index edged down 0.08 per cent, or 1.71 points, to 2,068.65 points. The...
Hong Kong stocks were flat in opening trade on Wednesday as investors await the release of Chinese second-quarter growth data later in the day. The benchmark Hang Seng Index dipped 6.42 points to 23,453.54 points, according to AFP.
Kospi, the main stock exchange of South Korea, was flat after first few minutes of trade on Wednesday. Meanwhile, Sydney eased 0.14 per cent , according to AFP.
US stocks on Tuesday finished mostly lower with the Nasdaq dropping more than 0.5 per cent after the Federal Reserve warned that some technology stocks appear to be overvalued. The Dow Jones Industrial Average inched up 5.26 points (0.03 per...
Secretary-General Ban Ki-moon says Ameerah Haq is stepping down as the UN undersecretary-general in charge of providing logistics and support for the more than 100,000 UN peacekeeping troops deployed around the world. Ban Ki-moon expressed ‘tremendous gratitude’ to Haq on...
The death toll in suicide bombing in a crowded market in Afghanistan rose to 90 as one more critically injured person died in a Kabul hospital on Wednesday. On Tuesday, a suicide bomber blew up a car packed with explosives...
Israel resumed its air strikes in Gaza Strip on Wednesday a day after holding its fire in deference to an Egyptian-proposed truce deal that failed to get Hamas militants to halt rocket attacks. Attacks in Gaza Strip killed at least...
Leaders of the BRICS emerging market nations launched a $100 billion (58.32 billion pound) development bank and a currency reserve pool on Tuesday in their first concrete step toward reshaping the Western-dominated international financial system. The bank aimed at funding...
New Israeli air strikes in Gaza early on Wednesday killed three people, medics said, bringing the death toll from Israel’s operation in the besieged Palestinian territory to 200. A strike on a house in the southern city of Rafah killed...
Europe's biggest automaker Volkswagen on Tuesday said it would invest US $ 250 million in India over the next six years to capture a larger slice of local sales, in the face of challenging conditions in developed markets. The German...
Power plants in Bangladesh have broken record for generating electricity. Power Development Board (PDB) spokesperson Saiful Alam Chowdhury said 7,371 megawatt (MW) electricity was fed into the National Grid around 8pm on Tuesday, which is the highest ever. They were...
Typhoon Rammasun shut down the Philippines capital on Wednesday as authorities said the first major storm of the country’s brutal rainy season claimed at least four lives and forced hundreds of thousands to evacuate. Wind gusts of up to 250...
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