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Incorporating global standard tech in local market aimed at

Mohammad Ali | 2014-08-13 00:00:00

Country's leading bankers have moved to gear up awareness programme on fool-proof financial transactions and contain financial frauds by incorporating global standard technology in the local market. The Bangladesh part of SWIFT, a global cooperative that facilitates secure inter-bank financial...

Rights offer of ICB, IPO of Hamid Fabrics approved

FE Report | 2014-08-13 00:00:00

The securities regulator has approved the rights offer of the Investment Corporation of Bangladesh (ICB) and the IPO (initial public offering) proposal of Hamid Fabrics, officials said. The decisions were taken at a commission meeting held at the office of...

Stocks see modest correction

FE Report | 2014-08-13 00:00:00

The stock market suffered a modest correction Tuesday after six consecutive sessions of winning streak as investors went for pocket profits. The market opened with a positive note, but could not sustain amid profit booking sale pressure. DSEX, the prime...

News Briefs

2014-08-13 00:00:00

Khulna Printing trading begins Aug 18 Trading of the shares of Khulna Printing and Packaging Limited (KPPL) will commence at the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) from August 18 (Monday) under 'N' category, officials said. The...

Photo: Bangladesh Bank Governor Aitur Rahman addressing

2014-08-13 00:00:00

Sensex posts biggest daily gain in nearly 10 weeks

2014-08-13 00:00:00

MUMBAI, Aug 12 (Reuters): The BSE Sensex posted on Tuesday its biggest daily gain since June 6, rising for a second straight session, helped by news that Tata Motors Ltd had tripled its quarterly net profit. The broader Nifty's fall...

ICSB delegates meet Muhith

2014-08-13 00:00:00

A delegation of Institute of Chartered Secretaries of Bangladesh (ICSB) met with Finance Minister Abul Maal Abdul Muhith Tuesday at ERD office in the city. Mohammad Asad Ullah FCS, president of ICSB along with some of his Council Members were...

Sime Darby hires banks for $500m autos IPO

2014-08-13 00:00:00

KUALA LUMPUR, Aug 12 (Reuters): Malaysian plantations-to-motoring group Sime Darby has hired four banks to arrange a stock market listing for its autos business that could raise $500 million by the second quarter of next year, sources familiar with the...

GSK entry announced for Healthcare Award

2014-08-13 00:00:00

GSK and Save the Children continue to call for applications for their 2014 $1 million Healthcare Innovation Award, as previous winners attract interest and support from national governments to help improve survival rates of newborns and children under five in...

Tokyo stocks close up 0.20pc

2014-08-13 00:00:00

TOKYO, Aug 12 (AFP): Tokyo stocks rose 0.20 per cent on Tuesday, as the weaker yen lifted exporter shares and after Wall Street notched up gains. The benchmark Nikkei 225 index added 30.79 points to finish at 15,161.31, while the...

CSE to brief newsmen

FE Report | 2014-08-13 00:00:00

Chittagong Stock Exchange (CSE) has taken initiatives to brief the journalists twice every month on the capital market, officials said. The officials of the port city bourse have said the regular press briefing will be held at the CSE's Dhaka...

Photo: Social Islami Bank Limited

2014-08-13 00:00:00

Photo: Sonali Life Insurance Company Limited and bKash Limited

2014-08-13 00:00:00

BD airspace to get Wi-Fi as Swiss co bags contract

Khairul Islam | 2014-08-13 00:00:00

The government has awarded a Swiss company the job for establishing internet connectivity to all incoming and outbound aircraft in Bangladesh, a senior official said. Switzerland-based OnAir powered by Airbus, a leading aircraft manufacturer, and SITA, another IT solution provider...

Western Marine to build hi-tech ship for Kenya

Our Correspondent | 2014-08-13 00:00:00

CHITTAGONG, August 12: Western Marine Shipyard entered into contract with JGH Marine A/S Denmark to build an offshore patrol vessel (OPV) for the Kenyan Ministry of Fisheries, Livestock and Agriculture. Minister of Shipping Shajahan Khan was chief guest at the...

IEA lowers outlook for oil demand on unsteady global growth

2014-08-13 00:00:00

PARIS, Aug 12 (AFP): Unsteady global economic growth is holding down oil demand and prices despite worries about conflict in key regions, the IEA said on Tuesday lowering its demand forecasts. "Despite armed conflict in Libya, Iraq and Ukraine, the...

India\\\'s industrial growth slows in June, inflation a worry

2014-08-13 00:00:00

NEW DELHI, Aug 12 (Reuters): India's industrial output slowed in June, though expanding for a third straight month, its best run since last September, boosting Asia's third-largest economy as it struggles to emerge from the longest spell of sub-par growth...

News Briefs

2014-08-13 00:00:00

VW brand sales rise BERLIN, Aug 12: German carmaker Volkswagen increased sales at its core passenger-car brand by 4.0 per cent in July as higher deliveries in Europe and China offset declines in the Americas. Sales of VW brand-badged cars...

Photo: Meghna Bank Limited

2014-08-13 00:00:00

Photo: Foundation stones of two new projects of Akij Group

2014-08-13 00:00:00

Photo: Controller General of Accounts (CGA) Md Abul Kashem presiding

2014-08-13 00:00:00

Four firms face ban on vegetable export to EU

FE Report | 2014-08-13 00:00:00

The government has impounded export licence of four business firms for exporting pest-infested fruits and vegetables to the European Union (EU) market as the matter annoyed the consumers.      Official sources said the action came on the heels of a warning...

Muhith promises support for creating women entrepreneurs

FE Report | 2014-08-13 00:00:00

Bangladesh Women Chamber of Commerce and Industry (BWCCI) Sunday handed over a keynote paper on 'Empower 5000' to the Finance Minister Abul Maal Abdul Muhith to seek government support to develop women entrepreneurs. BWCCI has taken up a project to...

RBI chief warns of crony capitalism

2014-08-13 00:00:00

MUMBAI, Aug 12 (AFP): India's central bank governor Raghuram Rajan has said crony capitalism is emerging as a "real concern" in India and a major threat to competition and economic growth. The term describes instances when governments give firms or...

Physician burnt to death as bus hits car

2014-08-12 00:00:00

KUSHTIA, Aug 11 (UNB): A physician was burnt to death and seven people were injured as a car caught fire following collision with a bus on Kushtia-Ishwardi highway at Baro Mile in Bheramara upazila on Monday. The deceased was identified...

UP member stabbed to death

2014-08-12 00:00:00

KURIGRAM, Aug 11 (UNB): A union parishad member was stabbed to death by some miscreants at Kirtantari village in Rajibpur upazila on Sunday night. The deceased was identified as Tara Mia, a member of ward-2 of Mohanganj union parisahd in...

Tree fair begins in Mymensingh

2014-08-12 00:00:00

MYMENSINGH, Aug 11 (BSS): A three day tree fair began on Phulbaria upazila parisad premises today with a view to plant more fruit bearing and other types of saplings to meet up the demand of nutrition and achieve economic benefit...

News in brief

2014-08-12 00:00:00

Outlawed party leader held in Pabna Police arrested an outlawed party leader in possession of a rifle and three rounds of bullet at Bangram Bazar in Ataikul upazila in Pabna on Sunday morning. The arrestee was identified as Siddik, 44,...

Photo: PATUAKHALI: A vast expanse of Kuakata sea beach

2014-08-12 00:00:00

SB files new case against 33 over Hall –Mark scam

2014-08-12 00:00:00

Sonali Bank has filed a new case against 33 people over the Hall-Mark group’s Tk 7-billion loan scam. The manager of the bank's Ruposhi Bangla Hotel branch, Md Abul Hossain, has filed the case in the Dhaka District Judge Court-1...