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FBCCI, Cocoro of Japan sign \\\'letter of cooperation\\\' for boosting trade

2014-07-15 00:00:00

A letter of cooperation has been signed between the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and Cocoro Limited of Japan aiming at strengthening existing economic cooperation between the private sectors of the two countries, reports BSS. Secretary...

News in Brief

2014-07-15 00:00:00

S’pore's economy unexpectedly contracts in second quarter SINGAPORE, July 14: Singapore's trade-reliant economy unexpectedly contracted in the second quarter, the government said Monday, as weak global demand weighed on the key manufacturing sector. Gross domestic product (GDP) shrank an annualised...

Photo: Asian Development Bank (ADB) Country Director for Bangladesh

2014-07-15 00:00:00

Country\\\'s private airlines doing brisk business

Shah Alam Nur | 2014-07-15 00:00:00

Private airlines business in the country is showing a tremendous growth with the increasing number of travellers both at home and abroad, sector insiders said. Now-a-days more corporate and business personnel are choosing air journey for saving their time which...

India inflation eases to four-month low

2014-07-15 00:00:00

MUMBAI, July 14 (AFP): India's inflation slowed to a four-month low in June, data showed Monday, but a weak monsoon could push up food prices and pose headaches for the new government. The Wholesale Price Index, the closest-watched cost of...

Global business confidence wanes in June: Survey

2014-07-15 00:00:00

LONDON, July 14 (Xinhua): Worldwide business optimism has waned compared to the two-year high seen earlier in 2014, said London-based Markit Monday in its Global Business Outlook Survey report. The survey, which is based on responses from a panel of...

Sri Lanka holds rates steady

2014-07-15 00:00:00

COLOMBO, July 14 (Reuters): Sri Lanka's central bank on Monday kept policy rates steady at multi-year lows for a sixth straight month, as expected, and said it anticipates that previous cuts will bring lower lending rates to more sectors of...

Myanmar invites EoI to develop SEZ

2014-07-15 00:00:00

YANGON, July 14 (Xinhua): Myanmar-assigned Singapore-based consortium, led by CPG Consultants, is inviting interested firms to submit expression of interest (EoI) this month for first-phase development of Kyaukpyu Special Economic Zone (SEZ) in western Rakhine state, state media reported Monday....

Fitch sees Malaysian CIMB mega bank merger \\\'risk\\\'

2014-07-15 00:00:00

KUALA LUMPUR, July 14 (AFP): Ratings agency Fitch warned on Monday that a merger plan by Malaysia's second largest bank CIMB Group with RHB Capital and Malaysia Building Society to create the country's biggest lender was fraught with risk. "The...

Insurers struggle to get grip on burgeoning cyber risk market

2014-07-15 00:00:00

PARIS/BOSTON, July 14 (Reuters): Insurers are eagerly eyeing exponential growth in the tiny cyber coverage market but their lack of experience and skills handling hackers and data breaches may keep their ambitions in check. High profile cases of hackers seizing...

exchange rate

2014-07-15 00:00:00

Photo: BEIJING: Pedestrians walking along a business street here on Monday.

2014-07-15 00:00:00

Photo: ATHENS, Greece: Guarding policeman passing by a closed store

2014-07-15 00:00:00

Photo: KATHMANDU, Nepal: Nepalese Finance Minister Ram Sharan Mahat announcing

2014-07-15 00:00:00

US spying on Germany: Making enemies out of allies, and for what?

David Wise of Reuter | 2014-07-15 00:00:00

What were they thinking? In the wake of last fall's revelation that the National Security Agency had wiretapped German Chancellor Angela Merkel's cell phone, the report of U.S. intelligence's involvement in two other likely cases of spying on Germany is...

BRICS bank to defy Western clout in global finances

Alonso Soto of Reuters from Brasilia | 2014-07-15 00:00:00

Leaders of the BRICS emerging market nations meet next week to launch a development bank and emergency reserves fund, an ambitious challenge to Western-run multilaterals that have shaped global finances since the end of World War Two. Brazil, China, India,...

Underage fighters drawn into Iraq sectarian war

Maggie Fick of Reuters from Baghdad | 2014-07-15 00:00:00

The video on his phone shows the boy firing a heavy machine gun mounted on a tripod through a hole in a crumbling building, his slender body shaking from the kickback. "We were kind of nervous, not because we are...

In Vietnam, a World Cup loss is a whole different ball game

Mai Nguyen of Reuters from Hanoi | 2014-07-15 00:00:00

Sitting alone in the corner of bar in Vietnam's capital, Doan Minh Tuan buries his head in his hands as he watched the penalty shootout save that fires the Netherlands into soccer's World Cup semi-finals. He wasn't mourning the shattered...

Environmentalists unimpressed by \\\'pro-corporate\\\' Indian budget

Nita Bhalla of Reuters from New Delhi | 2014-07-15 00:00:00

The new government's budget shows no real commitment towards the environment and is not transformational because it does not allocate enough funds towards promoting renewable energy or public transport and appears to favour corporates over people, environmentalists said on late...

China looking into BoC money laundering allegations

Kazunori Takada of Reuters and Pete Sweeney from Shanghai | 2014-07-15 00:00:00

China's central bank is looking into allegations by a state broadcaster that Bank of China, the country's fourth largest lender, has been laundering money offshore for clients, the official Xinhua news agency said last week. While Beijing maintains a tight...

Pride, pain, and change of loyalty in World Cup 2014

Maswood Alam Khan from Maryland, USA | 2014-07-15 00:00:00

A very thrilling World Cup indeed. Germany very much deserved the win. A young, exuberant team who played with skill, pace, teamwork and drive, Germany put on a superb tournament. The win made Germany the first European team to prevail...

A Kennedy speaks for Bangladesh

M. Serajul Islam | 2014-07-15 00:00:00

I read a letter carried in USA's Huffington Post, a leading liberal online newspaper in the United States. It has been written by Bobby Kennedy's daughter Kerry Kennedy, one that will touch the heart of any Bangladeshi and make him/her...

The finale of Football World Cup 2014

2014-07-15 00:00:00

The curtain has come down and the 2014 football World Cup is now over with Germany clinching the victory. Expectations before the tournaments of this great quadrennial event were otherwise high about regional countries becoming the winner of the World...

Remittances and growing rural inequality

Abdul Bayes | 2014-07-15 00:00:00

It is a piece of good news that readymade garment (RMG) exports hit record $25 billion in the immediate past fiscal year. This might upset the doomsayers who had forecast almost a forced exit of Bangladesh from the international market...

Gender-responsive budget

Md Mahbub Alam Prodip | 2014-07-15 00:00:00

Men and women have different socio-economic status and positions in our society and they play diverse roles and carry out distinct responsibilities. So, their needs should be considered differently. In general, a government of a country deals with the socio-economic...

On labour unrest in RMG

2014-07-15 00:00:00

A news item published in the Financial Express on Monday expressing fear that labour unrest is looming large in a large number of garment factories in Dhaka, Gazipur, Narayanganj and Chittagong makes our heart ache. The report, quoting the industrial...

Messi, a tragic hero

2014-07-15 00:00:00

When the German team were celebrating their victory, Argentine super star Lionel Messi looked forlorn and heartbroken as he could not fulfil the dream of winning the World Cup trophy for his country as his compatriot Maradona did 28 years...

Muggers becoming active

2014-07-15 00:00:00

It is alarming that muggers have become active ahead of the Eid-ul-Fitr. The Financial Express carried this timely and worrying issue on its front page on Sunday. The report says muggers use firearms, sharp weapons, motorbikes and in some cases...

BIG-B prospects in the context of Vision-2021

Mizanur Rahman | 2014-07-15 00:00:00

Prime Minister Sheikh Hasina began her second term in 2009, with a landslide electoral victory. Her party, Bangladesh Awami League, had then won 230 out of 300 seats and secured 48 per cent votes in the Ninth National Parliamentary Election....

Govt makes all institutions dysfunctional: Khaleda

2014-07-15 00:00:00

Branding Information Minister Hasanul Haq Inu and Jatiya Party Chairman HM Ershad as killers, BNP Chairperson Khaleda Zia said on Monday all the murderers got united and established a reign of killings in the country, reports UNB. "JSD, a killing...