Bangladesh all-rounder Shakib Al Hasan has been banned for six months from all forms of cricket, reports bdnews24.com. Additionally, the nation's top cricketer will not be provided any No-Objection Certificate, required to play tournaments outside the country, for the next...
FE Report | 2014-07-08 00:00:00
The cabinet approved Monday in principle the draft 'Bangladesh Export Processing Zone (EPZ) Labour Act, 2014' aiming to ensure welfare of the workers by allowing them to form trade unions (TUs). "The proposed law was drafted keeping consistency with the...
FE Report | 2014-07-08 00:00:00
The government is going to send letters to six US Congressmen and the United States Trade Representative (USTR) in the current week in reply to their observations made in refusing to revive the suspended GSP facility for now. Commerce Minister...
FE Report | 2014-07-08 00:00:00
The World Bank (WB) has suggested strengthening the Central Procurement Technical Unit (CPTU) with continuity of skilled staff and enhancing efforts for further expansion of electronic government procurement (e-GP). It, however, has appreciated the initiatives of procurement reforms taken by...
The government received Monday the copy of the verdict on maritime boundary dispute between Bangladesh and India which will formally be disclosed today (Tuesday), reports UNB. "Yes, we've received the verdict this (Monday) afternoon. It's being reviewed now," Director General...
Canadian police want to interrogate former Foreign Minister M Morshed Khan and former Prime Minister Khaleda Zia's energy adviser Mahmudur Rahman in connection with Niko graft, reports UNB. "The Canadian authorities in January last sent a mutual legal assistance request...
M Azizur Rahman | 2014-07-08 00:00:00
The International Centre for Settlement of Investment Disputes (ICSID) barred Canadian Niko Resources from selling its Bangladesh assets without consent of state-owned Petrobangla and the government, a senior official said. The Washington-based ICSID also tagged the Niko's plea of getting...
Doulot Akter Mala | 2014-07-08 00:00:00
Aggregate tax revenue collection may face Tk 20 billion shortfalls against its target for the just concluded fiscal year (FY) 2013-14, largely because of political turmoil and decline in operating profit of private commercial banks (PCBs), especially in the first...
FE Report | 2014-07-08 00:00:00
Newly-appointed BASIC Bank Limited Chairman Alauddin A Majid said his new board will do everything possible for improving the financial health of the trouble-torn bank. "Our main challenge is to improve the financial health of the bank," the BASIC Bank...
Zahid Hussain and Johannes Zutt | 2014-07-08 00:00:00
The budget of the Government of Bangladesh is about what the government promises to give the citizens in a fiscal year in the form of macro-economic and structural policies, economic services and investments; in turn what the citizens are required...
FE Report | 2014-07-08 00:00:00
Lawmakers spent only 1.8 per cent of entire time in the maiden session of the 10th parliament, elected through January 05 polls, for formulating laws. They were mostly engaged in praising the ruling party's activities and criticising the BNP-led opposition...
The government has directed authorities to curtail working hours by two and a half hours a week during Ramadan for employees working in commercial organisations and industries. The order was issued Monday, the eighth day of Ramadan. — bdnews24.com
Anatole Kaletsky of Reuters | 2014-07-08 00:00:00
Why does the assassination of Archduke Franz Ferdinand - the event that lit the fuse of World War One 100 years ago - still resonate so powerfully? Virtually nobody believes World War Three will be triggered by recent the military...
Tetsushi Kajimoto and Shinichi Saoshiro of Reuters from Tokyo | 2014-07-08 00:00:00
For corporate Japan, burdened by one of the industrialised world's steepest tax rates, a tax cut at the centre of Prime Minister Shinzo Abe's latest growth strategy will end up giving with one hand - and taking back with the...
Parisa Hafezi and Arshad Mohammed of Reuters from Ankara and Washington | 2014-07-08 00:00:00
Iran is wrestling with a complex array of historic alliances and enmities as it tries to develop a coherent response to the swift advance of hostile Sunni Muslim militants in neighboring Iraq. Despairing of its protege Nuri al-Maliki, Tehran's Shi'ite...
Chinese shares were lower in morning trade on Tuesday tracking overnight losses in US stocks, dealers said. The benchmark Shanghai Composite Index fell 0.20 per cent, or 4.17 points, to 2,055.76. The Shenzhen Composite Index, which tracks stocks on China’s...
Hong Kong stocks opened marginally higher in the first few minutes of trade on Tuesday following a negative lead from Wall Street. The benchmark Hang Seng Index edged up 14.39 points to 23,555.31, according to AFP.
Tokyo stocks opened 0.49 per cent lower on Tuesday after a setback on Wall Street and the dollar's fall against the yen. The Nikkei 225 index fell 75.17 points to 15,304.27 at the start. ‘Attention is now turning to US...
US fell on Monday, retreating from last week’s records as analysts pointed to profit taking and to predictions from some experts that the market was due for a pullback. The Dow Jones Industrial Average fell 44.05 points (0.26 per cent)...
Key European stock markets sank on Monday, getting the week off to a weak start as investors booked profits and frowned at poor German economic data, dealers said. London’s benchmark FTSE 100 index fell by 0.62 per cent to close...
Indian opposition lawmakers walked out of the opening session of the new parliament on Monday in protest over spiralling prices, even as shares hit a record high ahead of the government’s maiden budget. The new right-wing government was attacked by...
Investors stunned by massive false accounting at Spanish free wifi provider Let’s Gowex inflicted huge losses on Monday on the shares of a slew of other small and medium-sized firms. Gowex, which offers wifi services in capitals including Paris and...
Even before this year’s delayed and inadequate monsoon recently brought some relief to the Indian subcontinent, researchers discovered widespread concern by local experts that their governments are mismanaging the water supplies on which a billion people depend for survival, and...
Two people, including a bank employee, were killed in a head-on collision between a microbus and CNG-run auto-rickshaw at Daganbhuiyan upazila of Feni on Monday night. The dead are Ruhul Amin, office assistant of Janata Bank Feni branch, and auto-rickshaw...
President Barack Obama is holding off for now on seeking new legal authority to send unaccompanied migrant children back home faster from the US-Mexico border, following criticism that the administration’s planned changes were too harsh. Instead when Obama formally asks...
A total of 5,290 passengers died in separate launch accidents in the country’s waterways during the last two decades and 393 families were shattered. Among the 393 affected families, all members of 383 families perished in the accidents, a study...
The nation awaits the judgment on Bangladesh-India sea boundary issue. Prime Minister Sheikh Hasina told the 10th Jatiya Sangsad (Parliament) on July 2 that the verdict would be delivered ‘within a week’ and she hoped the outcomes would be in...
Japan recorded a current account surplus for the 4th straight month in May, government data showed on Tuesday, as the country’s trade shortfall narrowed. The surplus of 522.8 billion yen ($5.1 billion) was down 7.7 per cent from the same...
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