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32 pc of women earn less than Tk 100 a day

2014-07-13 00:00:00

Around 32 per cent female workers in Bangladesh get paid less than Tk 100 per day, according to a recent study by the development organisation, Steps Towards Development (STD). It also said that 61 per cent of female workers earned...

IEA cuts 2014 oil demand outlook on weaker than expected growth

2014-07-13 00:00:00

PARIS, July 12 (AFP) : The International Energy Agency on Friday cut its forecast for 2014 oil demand to 92.7 million barrels a day due to weaker than expected global economic growth. The revised forecast shows a drop of 130,000...

News in Brief

2014-07-13 00:00:00

US not playing fair in trade: French, German industry FRANKFURT, July 12  :  The United States is not playing fairly in its trade with Europe and is deliberately undermining Europe's banking system, the heads of German and French industry said...

Local manufacturers can do it if policy supports provided

Ismail Hossain | 2014-07-13 00:00:00

Local manufacturers can easily meet the domestic demand of Tk 8.0 billion low-end computer accessories if necessary policy supports are provided, the industry insider said. They think abolition of current 15 per cent tax on import of raw materials of...

Experts suggest immediate survey, safeguards against intruders

Shamsul Huda | 2014-07-13 00:00:00

Experts suggest immediate survey to make an inventory of marine resources in the country's vast territorial waters now secured in the Bay of Bengal, especially for identifying sustainable fishing grounds with safeguards against poaching by foreign trawler crews.       Sending gaggles...

Indian finance secy defends 4.1pc fiscal deficit target

2014-07-13 00:00:00

NEW DELHI, July 12 (Reuters): India's top finance ministry official said that plans announced in this week's budget to stick to a fiscal deficit target of 4.1 per cent of GDP are "very credible", despite criticism from ratings agencies that...

US budget surplus falls to $71b in June

2014-07-13 00:00:00

WASHINGTON, July 12 (Reuters): The US budget surplus was $71 billion at the end of June, down 39 per cent from the same period last year, according to data released by the Treasury Department on Friday. Analysts polled by Reuters...

BRICS to launch bank, tighten LatAm ties

2014-07-13 00:00:00

BRASILIA, Brazil, July 12 (AFP): The Brazil, Russia, India, and China (BRICS) group of emerging powers will launch its own development bank at a summit next week, using its growing influence to establish a counterweight to Western-dominated financial organisations. Fresh...

Australian central bank chief for fiscal restraint

2014-07-13 00:00:00

SYDNEY, July 12 (AFP): Australia's central bank governor Glenn Stevens Saturday urged politicians to work together to address the growing gap between fiscal spending and revenue, as the government battles to push through massive budget cuts. In a rare newspaper...

CIMB to form Malaysia\\\'s biggest bank

2014-07-13 00:00:00

KUALA LUMPUR, July 12 (AFP): Malaysia's second largest bank CIMB Group has secured central bank approval to commence merger talks with RHB Capital and Malaysia Building Society to create the country's biggest bank, media reports said Saturday. The merger plan...

Photo: The Workers\\\' Party of Bangladesh formed a human chain

2014-07-13 00:00:00

Photo: BEIJING: People waiting outside a Bank of China (BOC)

2014-07-13 00:00:00

Revised listing regulations in the offing

Mohammad Mufazzal | 2014-07-13 00:00:00

Experts and stakeholders have said any kind of ambiguity regarding exchange's authority in conducting inspections in premises of listed companies should be removed for the sake of investors and market as well. They said this following the recent inactiveness of...

Meghna Bank to move progressively

Mohammad Ali | 2014-07-13 00:00:00

Meghna Bank Ltd, a newly launched fourth generation bank, looks to move forward progressively by its 'prompt, accurate and safe' services, distinguishing itself from other banks, its chief executive officer (CEO) said. "We will move forward progressively but in a...

World Cup defeat can hurt domestic stock market

2014-07-13 00:00:00

LONDON, July 12 (AP): Argentina and Germany face off in the World Cup final today (Sunday) and investors in both countries will do well to be alert to potential drops on their stock markets the day after in case of...

News Briefs

2014-07-13 00:00:00

AGM of NTCL held Additional Secretary of the Ministry of Commerce (MoC) ATM Murtoza Reza Chowdhury, ndc, has been re-elected the chairman and Managing Director of Zaman Chemicals and Burnish Company Limited while Asaduzzaman Shahid Khan re-elected as director of...

Photo: Managing Director of UCB Muhammed Ali along with other

2014-07-13 00:00:00

Photo: Social Islami Bank Limited (SIBL)

2014-07-13 00:00:00

Photo: The 36th Annual General Meeting (AGM) of NTCL

2014-07-13 00:00:00

Asia shares mixed, eurozone debt fears return

2014-07-13 00:00:00

HONG KONG, July 12 (AFP): Asian markets were mixed while the safe-haven yen edged up Friday following a sell-off on Wall Street and in Europe as fears over eurozone debt resurfaced with a payment crisis at Portugal's biggest listed bank....

Bank Asia holds semi-annual performance review confce

2014-07-13 00:00:00

Semi-annual Performance Review Conference-2014 of Bank Asia was held Saturday at a hotel in the city. A Rouf Chowdhury, Chairman of the Bank  and chief guest of the programme inaugurated the conference. With the participation of the Heads of all...

China eases M&A rules for listed firms

2014-07-13 00:00:00

BEIJING, July 12 (Reuters): China is making it easier for listed companies to buy, sell or swap their assets, its latest attempt to streamline bureaucracy and encourage mergers and acquisitions, the country's securities watchdog said on Friday. Under the new...

IPO Diary

2014-07-13 00:00:00

Photo: Dutch-Bangla Bank Limited

2014-07-13 00:00:00

Photo: Prof. Abu Nasser Muhammad Abduz Zaher, Chairman of Islami Bank Bangladesh Limited addressing

2014-07-13 00:00:00

Govt to be forced for fresh polls, says Khaleda

2014-07-13 00:00:00

BNP chairperson Khaleda Zia reiterated Saturday the government will be forced to hold a fresh election under a non-party administration through a united movement after Eid, reports UNB. "The country's people are ready to take to the streets. We' together...

BD needs \\\'legal instrument to get siphoned off money back\\\'

2014-07-13 00:00:00

Though there is a growing trend of siphoning off money abroad, the Anti Corruption Commission (ACC) is unable to take any concrete step to recover the laundered money deposited in the Swiss Bank by Bangladeshis due to lack of legal...

Govt not repressing opposition like BNP

2014-07-13 00:00:00

Information Minister Hasanul Haq Inu said Saturday that the government was not thwarting the opposition like BNP but warned that any sort of violence and militant activities in the country would be contained with strong hands, reports BSS. The minister...

Four Jamaat-Shibir men held in Ctg, Pirojpur

2014-07-13 00:00:00

CHITTAGONG, Jul 12 (BSS): District police arrested three activists of Jamaat-Shibir, including a murder case accused from different areas of Satkania Upazila of the district Friday night. The arrestees were identified as Mohammad Lokman, 38, Mizanur Rahman, 18 and Abul...

Agitation over female councillor\\\'s missing

2014-07-13 00:00:00

GAZIPUR, Jul 12: Locals have blocked roads to agitate in Gazipur over missing of a female councillor Parvin Akter, reports bdnews24.com. She has been missing since Friday. "She has been remain untraced so far," her brother Rafiq Mia said Saturday....