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Accord, Alliance react to ministers\\\' remarks

Monira Munni | 2014-07-02 00:00:00

The recent remarks made by two ministers and BGMEA leaders have sparked strong reactions from the western retailers' groups - the Accord and the Alliance. Steering committee members of the Accord on Fire and Building Safety in Bangladesh in a...

Rule on bank account maintenance issued

FE Report | 2014-07-02 00:00:00

The National Board of Revenue (NBR) Tuesday issued a rule on maintenance of mandatory bank accounts by house owners having an aggregate monthly income above Tk 25,000 as house rent. The rule, effective for both commercial and residential buildings, came...

Indo-Bangla relation shouldn\\\'t be with any particular party: Khaleda

2014-07-02 00:00:00

Accusing the previous Congress-led UPA government of maintaining ties with a particular party in Bangladesh, BNP chairperson Khaleda Zia has said the relationship between New Delhi and Dhaka should address the interests of the people of the two countries and...

16 killed in Jessore, B\\\'baria road crashes

2014-07-02 00:00:00

At least 16 people were killed in two separate accidents Tuesday in Jessore and Brahmanbaria, according to reports by our correspondent and agencies. Our correspondent from Jessore reports:  Ten passengers of a night coach were killed and at least 40...

Photo: Former finance secretary Zakir Ahmed Khan speaking

2014-07-02 00:00:00

Gold, phone sets seized at Dhaka airport

2014-07-02 00:00:00

Customs Intelligence at the Hazrat Shahjalal International Airport recovered gold and expensive mobile phone sets worth about Tk 15 million (1.50 crore) Tuesday, reports BSS.  Sources at the Customs Intelligence said they had information that three consignments of gold bars...

PCBs\\\' operating profits show uptrend in H1

Siddique Islam | 2014-07-02 00:00:00

The operating profits of the country's private commercial banks (PCBs) showed an upward trend in the first half (H1) of the current calendar year (2014). According to the bankers, the profits increased, as interest rates on deposits were lower than...

Why should BSC pay more?

Shamsul Huq Zahid | 2014-07-02 00:00:00

The largely state-owned Bangladesh Shipping Corporation (BSC) has, reportedly, signed a commercial deal with a Chinese firm to procure three bulk carriers and three oil tankers. Each of the bulk carriers, having a capacity of 36000 DWT (deadweight tonnage), would...

NBR tax rates on land transfer revised upward

Doulot Akter Mala | 2014-07-02 00:00:00

The National Board of Revenue (NBR) has finalised new tax rates for transfer of land across the country. However, the board has increased the tax rates on posh and commercial land in major urban centres substantially. The new tax rates...

Top 10pc of population own 35pc of national income : PRI

FE Report | 2014-07-02 00:00:00

The Policy Research Institute of Bangladesh (PRI) said Tuesday the rich and powerful do not pay their fair share of taxes following serious governance problem in the tax system. It said, in Bangladesh, the top 10 per cent of the...

Whitening of black money still not allowed: Muhith

FE Report | 2014-07-02 00:00:00

Finance Minister AMA Muhith refuted on Tuesday media reports saying that he had not allowed whitening of black money in the national budget for the current year 2014-15. "You (the media) have misreported the provisions for regularising black money which...

Prayer Timings

2014-07-02 00:00:00

Photo: Argentina\\\'s defender Pablo Zabaleta (C) and Switzerland\\\'s defender Ricardo Rodriguez

2014-07-02 00:00:00

Basic Bank\\\'s H1 operating profit falls 65pc

2014-07-02 00:00:00

The provisional operating profit of the state-run Basic Bank Limited has registered a drastic fall by nearly 65 per cent during the first half (H1) of the current calendar year (2014) over the corresponding period of the previous year. The...

Belgium strike in extra time to sink valiant USA

2014-07-02 00:00:00

Extra-time goals from Kevin De Bruyne and Romelu Lukaku sealed a thrilling 2-1 victory for Belgium over a spirited United States on Tuesday and set up a World Cup quarter-final clash with Argentina. After dominating normal time and being frustrated...

Argentina struggle to beat Switzerland

2014-07-02 00:00:00

Argentina took 118 minutes to break down stubborn Switzerland then survived an extraordinary, heart-stopping finale before reaching the World Cup quarter-finals after a dramatic 1-0 win on Tuesday. With penalties looming, Angel Di Maria stroked the ball home from the...

Wall St: Blue chips charge to another record

2014-07-02 00:00:00

The Dow industrials and S&P 500 on Tuesday rallied to fresh highs, kicking off the second half of the year on a bullish note. The rally took the Dow just shy of 17000, which would be the next milestone in...

Japanese stocks move higher

2014-07-02 00:00:00

Japanese stocks moved higher, though the rest of Asia was mostly lower after slightly improved Chinese manufacturing data failed to energise markets. The Nikkei Share Average rose 1.1% to 15326.20 after the Bank of Japan released its quarterly tankan business...

China Vanke HK shares rise early on debut

2014-07-02 00:00:00

Property developer China Vanke Co. Ltd. opened higher on Wednesday on its first day of trading on the Hong Kong stock market, after it successfully transferred its listing from mainland China. Shares of the Shenzhen-based firm opened at HK $13.66...

Twaki murder accused bail stayed

2014-07-02 00:00:00

The Supreme Court has stayed for two weeks the bail granted to an accused in Narayanganj’s Tanveer Mohammad Twaki murder case. The Appellate Division’s Chamber judge Justice Hasan Foez Siddique issued the order on Tuesday. On June 24, a High...

Drive against non-compliance in mandatory jute bag use deferred

Arafat Ara | 2014-07-01 00:00:00

The government has deferred its scheduled drive against non-compliance with mandatory jute packaging law for more than a month following appeals from the traders concerned, said the State Minister for Jute. The authorities had planned to crack down on non-users...

Khaleda takes Iftar with orphans, ulema

2014-07-01 00:00:00

BNP chairperson Khaleda Zia took Iftar with orphans and alem-ulema (Islamic scholars) on the first day of the fasting month of Ramadan Monday, reports UNB. The BNP chief hosted the Iftar party at the city's Ladies' Club. Entering the venue...

Journos deserve better approach from politicians: Suranjit

2014-07-01 00:00:00

Senior Awami League (AL) leader Suranjit Sengupta urged politicians Monday to maintain good relations with journalists and talk to them judiciously instead of issuing threats, reports UNB. "The relation between journalists and politicians is not of arrogance. They're complementary to...

Padma Bridge won\\\'t be named after anyone

2014-07-01 00:00:00

The bridge to be built across the Padma river will not be named after anyone, Communications Minister Obaidul Quader has said, reports bdnews24.com He said this at a rally at Shahid Minar in Dhaka on Monday, quashing the demand for...

Three ex-RAB officers produced before court

2014-07-01 00:00:00

NARAYANGANJ, June 30 (UNB): Three former officers of the Rapid Action Battalion (RAB) Lt Col Tareque Sayeed Mohammad, Major Arif Hossain and Lt Commander MM Rana-along with 10 others arrested in connection with the seven murders were produced before a...

Former AL MP Sultanul Kabir Chy passes away

2014-07-01 00:00:00

CHITTAGONG, Jun 30 (UNB): Former Awami League (AL) MP from Banshkhali constituency Sultanul Kabir Chowdhury, also senior president of the district (South) unit of AL, died of heart attack in Dhaka early Monday. He was 68. Sultanul Kabir breathed his...

ACC okays filing of cases against two Insurance ex-officials

FE Report | 2014-07-01 00:00:00

The Anti-corruption Commission (ACC) approved Monday filing of two cases against two former officials of an insurance company for their connection with alleged embezzlement of about Tk 3.0 million. The approval was given at a regular meeting of the Commission,...

Formal charge against \\\'Daroga\\\' Hachen on Aug 5

2014-07-01 00:00:00

The International Crimes Tribunal (ICT)-1 set Monday August 5 for submitting formal charge against Syed Hachen Ali alias Hasan Ali also known as 'Razakar Daroga,'reports BSS.

Bangla Bhai\\\'s aide detained in Rajshahi

2014-07-01 00:00:00

RAJSHAHI, Jun 30 (UNB): Members of Rapid Action Battalion (RAB) arrested a close aide of Siddiqul Islam alias Bangla Bhai, executed second-in-command of banned militant outfit Jama'at-ul Mujahideen Bangladesh (JMB), from Mahishbagan area of the city Monday. The arrested was...

5 Shibir men detained in Meherpur

2014-07-01 00:00:00

MEHERPUR, Jun 30 (UNB): Police arrested five activists of Islami Chhatra Shibir (ICS), student front of Jamaat-e-Islami, from Baro Bazar area in the district town Monday morning. The arrestees were identified as Sayeed Hossain, 22, Halim Miah, 24, Ashraful,20, Sohel...