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News in Brief

2014-07-10 00:00:00

India growth could rise to near 6pc this year NEW DELHI, July 9  : India's economy could pull out of its slowdown and accelerate by nearly six per cent this fiscal year, a government study forecast Wednesday before the first...

Photo: A loan agreement was signed between Manabik Shahajya Sangstha (MSS) and Woori Bank Bangladesh

2014-07-10 00:00:00

Govt to transform 8,500 post offices into e-centres

Rezaul Karim | 2014-07-10 00:00:00

The government has taken an initiative to turn 8000 rural and 500 upazilla post offices into 'Post E-Centre for Rural Community' aimed at reaching information and communication technology service to the people living there, officials said. The move has been...

BRICS to open own development bank

2014-07-10 00:00:00

MOSCOW, July 9 (AFP): The BRICS group of emerging giants are expected to sign a deal next week to open their own development bank by 2016, Russia's finance minister said Wednesday. The entity would be called "New Development Bank", with...

BOJ may cut growth forecast

2014-07-10 00:00:00

TOKYO, July 9 (Reuters): The Bank of Japan (BOJ) may slightly cut its economic forecast for the current fiscal year at a quarterly review of its estimates next week, sources familiar with its thinking said, reflecting soft exports and a...

ECB looks to banks to deliver QE on its behalf

2014-07-10 00:00:00

FRANKFURT/PARIS, July 9 (Reuters): The European Central Bank (ECB) is hoping a new round of long-term loans will be used by banks to drive down borrowing costs - a substitute for an asset-purchase scheme of its own which would avert...

BoE set to leave rate at 0.5pc

2014-07-10 00:00:00

LONDON, July 9 (AFP): The Bank of England (BoE) is again set to leave its key interest rate at a record low of 0.50 per cent Thursday after it launched measures to cool Britain's housing market. The BoE is forecast...

Dubai\\\'s Nakheel posts surge in profits

2014-07-10 00:00:00

DUBAI, July 9 (AFP): Dubai's Nakheel real estate giant, hit badly during the global debt crisis, said Wednesday its profits surged 54 per cent in the first half of 2014 to reach $502.7 million. The government-owned entity, which built Dubai's...

OECD CLIs show stable economic signs

2014-07-10 00:00:00

PARIS, July 9 (Xinhua): The composite leading indicators (CLIs) of the Organisation for Economic Cooperation and Development (OECD) showed economic stabilisation in member countries, the Paris-based organisation said on Tuesday. "Composite leading indicators, designed to anticipate turning points in economic...

exchange rate

2014-07-10 00:00:00

Photo: The police using water cannon to disperse workers of Toba Garments

2014-07-10 00:00:00

Photo: SRINAGAR, Jammu And Kashmir, India: In this photograph taken on July 7, 2014 Indian labourers working on a flyover in central Srinagar.

2014-07-10 00:00:00

Gazprom for joint venture with Bapex

2014-07-10 00:00:00

Russian giant Gazrpom says it wants to work jointly with Bangladesh's state-run Bapex to explore gas. Its CEO Valeriy Gulev came up with a proposal to this end on Thursday while calling on Prime Minister Sheikh Hasina. The Russian state-owned...

Bangladesh wins big: Maritime security brooks no delay

Abdulla Al Imran | 2014-07-10 00:00:00

The Hague-based United Nations Permanent Court of Arbitration (PCA) has announced its verdict on delimitation of maritime boundary between Bangladesh and India. The verdict has come largely in favour of Bangladesh, as it provided the country a substantial share of...

Middle East in flames again over murder of teenagers

Zaglul Ahmed Chowdhury | 2014-07-10 00:00:00

The Middle East is again in flames over the kidnapping and killing of a Palestinian teenager. Israeli air attacks killed seven Palestinians and the Hamas threatened "adequate retaliation". The killing of the militants by Israeli air attack is the worst...

Bangladesh\\\'s maritime boundary extends

2014-07-10 00:00:00

The judgment delivered by the United Nations Permanent Court of Arbitration (PCA) on the maritime demarcation between Bangladesh and India has happily been hailed by both countries. Although, the verdict has largely gone in favour of Bangladesh with the PCA...

The state of foreign investment

Hasnat Abdul Hye | 2014-07-10 00:00:00

There is good news on the foreign investment front, something that eludes us most of the time. In a highly competitive field like this Bangladesh often fails to make the mark. Lack of infrastructures, administrative complexities and political instability stand...

Confusion over accounting standards

Dipok Kumar Roy | 2014-07-10 00:00:00

It was really very surprising for two proposals in the Finance Bill 2014 treating Cost and Management Accountant (CMA) as auditor of financial statements for tax purpose and distinguishing Bangladesh Accounting Standards (BAS) and Bangladesh Financial Reporting Standards (BFRS) as...

The maritime boundary verdict

2014-07-10 00:00:00

 Bangladesh has got 19,467 kilometres of the Bay of Bengal following the historic verdict of a Hague- based international court. It is a piece of good news as a longstanding dispute has been settled amicably. Now both the countries can...

Separate pay scale for SoCBs

2014-07-10 00:00:00

Separate pay-scale is not going to be implemented for state-owned commercial banks (SoCBs) and the Bangladesh Bank (BB) although the Prime Minister approved it November 14 last year. The Finance Division informed that it could not implement the gazette notification...

Shakib deserves a second chance

2014-07-10 00:00:00

We agree that punishment of Shakib Al Hasan was necessary as he was breaching rules and discipline regularly. Even then the penalty given to him is severe and  might affect his future career. We should not forget that Shakib is...

How to solve the problem of price difference

Md Jamal Hossain | 2014-07-10 00:00:00

The difference between producers' price and retail price of commodities, especially agricultural commodities, in our country is increasing day by day. There is no sign of mitigation of this problem. Recently we dealt with the price of watermelon in  an...

The mystique of Brazil football shattered

Maswood Alam Khan from Maryland, USA | 2014-07-10 00:00:00

Mike Tunison tweeted: "STOP! STOP! THEY'RE ALREADY DEAD!" Yes, Brazil has died, shattering the mystique of Brazil football perhaps for good and dragging in the wake many millions of Brazil fans around the world to find their dreams left in...

No plan to hold dist council polls now, says Syed Ashraf

2014-07-10 00:00:00

LGRD and Cooperatives Minister Syed Ashraful Islam Wednesday said the government has no plan to hold Zilla Parishad polls any time soon, reports UNB. "There's a process to hold Zila parishad polls…the process is underway. On completion of the process,...

11 sustain bullet wounds in Ctg AL infighting

2014-07-10 00:00:00

CHITTAGONG, Jul 9 (UNB): - At least 11 people, including three women, sustained bullet injuries in a clash between two factions of local Awami League (AL) over establishing supremacy in Lohagarah Upazila Wednesday. The injured were identified as Mohammad Mannan,...

BD-Myanmar Foreign Office Consultation next month

2014-07-10 00:00:00

Foreign Minister AH Mahmood Ali said Wednesday the Bangladesh-Myanmar Foreign Office Consultation (FOC) will be held in Dhaka next month, reports UNB. "A secretary-level meeting between Bangladesh and Myanmar will be held next month," he said while talking to reporters...

Nonagenarian PW describes Subhan\\\'s heinous crimes

2014-07-10 00:00:00

A nonagenarian man testified Wednesday in the trial of Maulana Abdus Subhan, accusing the incumbent nayeb- e-ameer of Jamaat-e-Islami for killing one Kolimuddin Khan with the help of his accomplices from Razakar Bahini during the War of Liberation, reports BSS....

Trial against Khaleda deferred until July 27

2014-07-10 00:00:00

A Dhaka court Wednesday again deferred until July 27 the deposition of witnesses against BNP chairperson Khaleda Zia, her eldest son Tarique Rahman and seven others in the Zia Charitable Trust and Zia Orphanage Trust graft cases, reports UNB. Judge...

7 put on 5-day remand

2014-07-10 00:00:00

A Dhaka court Wednesday placed seven people on a five-day remand in a case filed in connection with the gun attack on former Bangladesh Chhatra League (BCL) president Enamul Haque Shamim in the city, reports UNB. Metropolitan Magistrate Mohammad Mostafizur...

Law minister visits Regn Complex

2014-07-10 00:00:00

Law, Justice and Parliamentary Affairs Minister Anisul Haq Wednesday paid a surprise visit to the Registration Complex at Tejgaon in the city, reports UNB. He went round the nine sub-registry offices at the complex, said a PID press release. He...