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European stock markets mixed

2014-08-12 00:00:00

LONDON: European stock markets stumbled Tuesday after recording strong gains a day earlier, with sentiment hit by weak German data and uncertain developments in Ukraine. London's benchmark FTSE 100 index stood at 6,632.42 points, virtually the same level it closed...

Cambodia to get $118m from ADB for rural road project

2014-08-12 00:00:00

PHNOM PENH, Aug 11 (Xinhua): The Asian Development Bank (ADB) will provide nine poor rural provinces in Cambodia with year-round access to markets and social services through a US$118 million project to provide a safer, cost-effective rural road network, the...

S African bank put under curatorship

2014-08-12 00:00:00

PRETORIA, Aug 11 (AFP): South Africa's central bank placed embattled lender African Bank Investments Limited under administration on Sunday after it admitted being hundreds of millions of dollars in the red and saw its share price almost entirely wiped out....

Chinese firm allows Myanmar to renegotiate hydro deal

2014-08-12 00:00:00

YANGON, Aug 11 (Reuters): A Chinese firm that signed deals with Myanmar's former military rulers to build hydro dams said it could renegotiate the terms, which would see some projects supplying 90 per cent of power to China, in order...

Asean moves on to final phase

2014-08-12 00:00:00

NAY PYI TAW, Aug 11 (Xinhua): The Association of Southeast Asian Nations (Asean) is moving on to the fourth and final phase of implementation of Asean Economic Community Blueprint (2014-2015) after completion of the third phase (2012-2013). It was claimed...

BOJ warns of sluggish export recovery

2014-08-12 00:00:00

TOKYO, Aug 11 (Reuters): Sluggish Asian demand and a shift in Japanese production overseas will continue to weigh on exports, the Bank of Japan said, underscoring its waning conviction that overseas shipments will soon pick up and support a fragile...

exchange rate

2014-08-12 00:00:00

Photo: Bangladesh Krishi Bank (BKB)

2014-08-12 00:00:00

Photo: Bangladesh Commerce Bank Training Institute

2014-08-12 00:00:00

Photo: PANAMA CITY, Panama: A ship is guided by a tugboat through the Miraflores Locks

2014-08-12 00:00:00

BB to discuss boosting performance with NBFIs

2014-08-12 00:00:00

Bangladesh Bank (BB) will hold a meeting with non-banking financial institutions (NBFIs) on Tuesday as part of its move to improve performance of the banking and non-banking financial institutions, reports UNB. All the chief executive officers (CEOs) and top officials...

3 more bodies found

2014-08-12 00:00:00

Bodies are still floating in the rivers even nine days after passenger vessel Pinak-6 sank in the Padma River at Munshiganj's Mawa. Two more bodies - one of an around 25-year-old female and the other a 30-year-old male - were...

India probes bank loan to troubled Kingfisher airlines

2014-08-12 00:00:00

NEW DELHI, Aug 11 (AFP) :  India's top crime fighting body is investigating a $155 million loan by a state-run bank to debt-ridden Kingfisher Airlines, a police official said Sunday. The Central Bureau of Investigation (CBI) was conducting an initial...

Growth strong in UK, slips in Japan, eurozone on track : OECD

2014-08-12 00:00:00

PARIS, Aug 11 (AFP) : Leading economies are showing a steady growth trend overall, although Britain is doing particularly well and Japan and Germany are showing signs of losing pace, the OECD said on Monday. The eurozone as a whole,...

3-day Dhaka e-Commerce fair Sept 25-27

2014-08-12 00:00:00

A three-day 'Dhaka e-Commerce Fair 2014' will be held at Sufia Kamal Public Library in the capital from September 25-27. More than 100 potential exhibitors would showcase their products and services in the fair, reports UNB. Having success in arranging...

Canadian housing starts continue to rise in July

2014-08-12 00:00:00

TORONTO,  Aug 11 (Reuters) : Canadian housing starts continued to edge up in July, surpassing economists' expectations for a decline, while the previous month was revised slightly higher, data showed on Monday. A report from the Canada Mortgage and Housing...

Dollar steady in Asia trade

2014-08-12 00:00:00

TOKYO, Aug 11 (AFP) :  The dollar stabilised Monday morning, following a sharp drop against the yen after last week's announcement that US President Barack Obama had authorised air strikes in Iraq. The dollar strengthened to 102.17 yen in Tokyo...

Photo: BEPZA

2014-08-12 00:00:00

Can India catch up with China?

M.G. Quibria | 2014-08-12 00:00:00

The rankings of world economies have shifted quite a bit in recent years. While emerging economies such as China and India have surged ahead, traditional powerhouses like Japan and Germany have slipped. According to the World Bank estimates for 2013,...

Israeli carnage in the name of self-defence

2014-08-12 00:00:00

The Israeli-Palestinian war has now entered into the sixth week. Much negotiated second round of 72-hours ceasefire has been agreed and comes into effect from Monday, August 11, 2014. This break is expected to allow the negotiators to evolve a...

Saving energy for future security

2014-08-12 00:00:00

On the face of it, the idea of a legal compulsion for energy-efficient equipment at the consumer level looks somewhat premature right at this moment but given the ground reality it has no alternative. Even if the country had been...

Slump in export to India

Wasi Ahmed | 2014-08-12 00:00:00

Why a slump in exports to India causes concern in this country more than it should have, given the small volume, is because of a number of pertinent reasons. First and foremost, India is Bangladesh's closest neighbour with a contiguous...

Why not a rural medical service cadre?

Md. Ashraf Hossain | 2014-08-12 00:00:00

The Financial Express on August 10 quoted the health minister as advising newly-recruited 6,221 doctors to serve rural people at least for the first two years of their service life with full dedication. Unauthorised absence of on-duty physicians from the...

Certificates of fake freedom fighters must be revoked

2014-08-12 00:00:00

I am glad to know that the government is taking steps to revoke the certificates of around 200 fake freedom fighters who are public servants; but it is sad to note that the government have not decided about taking any...

Minister\\\'s outrageous remarks

2014-08-12 00:00:00

I was at my wit's end when I heard the flippant comments of the social welfare minister Syed Mohsin Ali about the journalists.  The social welfare minister created controversies in the past also by his loose remarks and careless action....

Mobile courts and food adulteration

2014-08-12 00:00:00

The mobile courts to check food adulteration are not found to be effective. This is creating opportunities for the unscrupulous people to adulterate food items. The food served on the table looks attractive, and we enjoy it without knowing what...

Patients and doctors

2014-08-12 00:00:00

The common people are mostly ignorant about medical science. Yet, they sometimes presume that something is being done wrongly to them by doctors - and even by the specialists. They keep silent during the course of the treatment for fear...

Goodbye legal tussles, welcome fast solutions!

Mahjabeen Quader | 2014-08-12 00:00:00

Alternative Dispute Resolution (ADR) is a necessity to address the challenge of massive case backlog in the country's judicial system. According to Supreme Court statistics, as many as 963,081 civil cases were pending in different courts of Bangladesh as of...

Arbitration: Lesson from the Saipem case

M S Siddiqui | 2014-08-12 00:00:00

Our society has a long tradition of settling family, land or any other dispute through arbitration or 'shalish.' It has an impact on peace and harmony in society. The settlement of any dispute through arbitration is allowed by the judicial...

SWIFT Business Forum tomorrow

Raihan M Chowdhury | 2014-08-12 00:00:00

Bangladesh is going to hold an international conference titled 'SWIFT Business Forum Bangladesh', first of its kind in the country's financial history tomorrow (Wednesday). "The SWIFT Business Forum Bangladesh will bring the local and foreign community from financial institutions, market...