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Thrust on market expansion, diversification of products

FE Report | 2014-07-22 00:00:00

The government has set the export target for the current fiscal year (FY), 2014-15, at US$ 33.20 billion, giving more emphasis on expansion of markets and diversification of products. The amount is 10.02 per cent or $2.70 billion more than...

HC orders efficacy test of formalin-testing kit

FE Report | 2014-07-22 00:00:00

The High Court directed the government Monday to conduct laboratory test of the very formalin-detector machine, 'Formaldehyde Meter Z-300', to ascertain first its efficacy for accurately detecting formalin in foodstuffs. Bangladesh Standard and Testing Institute (BSTI), Bangladesh Council for Scientific...

Tk 155.50b farm loan to be disbursed this year

FE Report | 2014-07-22 00:00:00

The Bangladesh Bank (BB) Monday unveiled the agricultural and rural credit policy for the current fiscal year, fixing target at Tk 155.50 billion, which is 6.54 per cent more than that of the just-concluded fiscal year. The BB formally launched...

City halts in Ramadan gridlock

Badrul Ahsan | 2014-07-22 00:00:00

Shopping spree of the city dwellers, faulty traffic management system and numerous makeshift shops on footpaths caused unprecedented tailback across the capital Monday, like most other weekdays. Besides, illegal parking of a large number of private vehicles on the streets...

Cabinet body okays urea import from Qatar

FE Report | 2014-07-22 00:00:00

The Cabinet Committee on Public Purchase Monday approved import of 30,000 tonnes of fertiliser from Qatar under an agreement signed between the two countries as first phase of importing 0.8 million tonnes of bagged prilled urea in fiscal year 2014-15....

BB asks banks to send quality credit bids

FE Report | 2014-07-22 00:00:00

The central bank has asked the commercial banks to be more cautious in sanctioning fresh loans for ensuring discipline in their lending procedure. "You (bankers) should send quality credit proposals to your respective board and try to adopt strategies, so...

A dozen Gazans killed in fresh Israeli air strikes

2014-07-22 00:00:00

GAZA CITY July 21 (agency): An Israeli air strike Monday a home in the centre of Gaza City killed eight people, including four children, Palestinian medics said. The new strike came shortly after Israeli shelling of a central Gaza hospital...

How should the forthcoming Monetary Policy Statement look?

Zahid Hussain and Johannes Zutt | 2014-07-22 00:00:00

Bangladesh Bank (BB) will soon announce the Monetary Policy Statement (MPS) for the fiscal year (FY) 2014-2015. Monetary policy rests on the relationship between the rates of interest in an economy, that is, the price at which money can be...

Existing bank accounts to be allowed for rent deposit

Doulot Akter Mala | 2014-07-22 00:00:00

The revenue board is set to relax the rules for house rent transaction through bank accounts by allowing house-owners to use their existing bank accounts for depositing the monthly rent exceeding Tk 25,000. The National Board of Revenue (NBR) made...

Inadequate allocation blamed

Munima Sultana | 2014-07-22 00:00:00

The Roads and Highways department (RHD) could not repair the roads and highways in bad shape as it was not given enough funds, sources said The maintenance wing of the RHD sought Tk. 77 billion to repair the national and...

Disband RAB or make it civilian until it\\\'s done

FE Report | 2014-07-22 00:00:00

Human Rights Watch (HRW) in a letter to the Prime Minister has renewed its demand for disbanding the Rapid Action Battalion (RAB) to end what the New York-based watchdog called culture of custodial killings with impunity. The international rights organisation...

Prayer Timings

2014-07-22 00:00:00

PM reaches London

2014-07-22 00:00:00

LONDON, July 21: Prime Minister Sheikh Hasina was accorded a warm reception as she arrived here Monday  afternoon on a three-day official visit to the United Kingdom to attend the first-ever Girl Summit. The Bangladesh Premier is visiting the UK...

3 killed in Dhamrai road crash

2014-07-22 00:00:00

SAVAR, July 21 (UNB): Three people, including two fish traders, were killed and 10 others injured in a head-on collision between a bus and a truck on the Dhaka-Aricha Highway in Dhamrai upazila of Dhaka district early Monday. The deceased,...

570 Palestinians killed as Israel batters Gaza

2014-07-22 00:00:00

UN chief Ban Ki-moon and US Secretary of State John Kerry were in Cairo on Tuesday in a bid to broker a truce between Israel and Hamas after two weeks of fighting which has left over 570 Palestinians dead. Many...

Ukraine rebels hand over black boxes

2014-07-22 00:00:00

Rebels in eastern Ukraine have handed over two flight-data recorders from the downed MH17 plane to Malaysian experts. A senior rebel leader signed them over to the Malaysian officials at a meeting in the city of Donetsk. The handover came...

Tokyo stocks up 0.96% by break

2014-07-22 00:00:00

Tokyo stocks rose 0.96 per cent on Tuesday morning, boosted by a weaker yen and gains on Wall Street during a three-day weekend in Japan. The benchmark Nikkei 225 index rose 146.41 points to 15,362.12 points by the break, while...

China shares shrink

2014-07-22 00:00:00

Chinese shares were down slightly in morning trade on Tuesday, tracking overnight losses in US stocks, dealers said. The benchmark Shanghai Composite Index slid 0.20 per cent, or 4.21 points, to 2,050.27 points. The Shenzhen Composite Index, which tracks stocks...

HK stocks open higher

2014-07-22 00:00:00

Hong Kong stocks rose 0.34 per cent in the first few minutes of trade on Tuesday as tensions over the crisis in Ukraine eased after pro-Russian rebels handed over two black boxes from a downed Malaysia Airlines jet. The benchmark...

US stocks end lower

2014-07-22 00:00:00

US stocks finished lower on Monday as geopolitical worries weighed on sentiment during the first trading session of a busy week of corporate earnings reports. The Dow Jones Industrial Average dropped 48.45 points (0.28 per cent) to 17,051.73 points. The...

Russia, Gaza continue to weigh on Euro stock markets

2014-07-22 00:00:00

Europe's main stock markets fell for a third day on Monday. Markets have been spooked by escalating tensions between the West and Russia after the downing of a Malaysian airliner last week and Israel’s increasingly ground offensive in Gaza. Frankfurt's...

Seoul shares rise

2014-07-22 00:00:00

The prices of most of the shares in South Korea’s capital markets registered a modest rise on Tuesday. Seoul’s benchmark Kospi was 0.19 per cent higher when the today’s session closed, according to AFP.

Sydney stocks edge up

2014-07-22 00:00:00

The prices of most of the shares in Australia’s stock markets advanced marginally on Tuesday. Sydney edged up slightly during today’s trading session, according to AFP.

Hell freezes over highways

2014-07-22 00:00:00

The highways still puts the moon to shame with gigantic craters despite the government hastily cobbling together a patchwork ahead of Eid-ul-Fitr, the greatest religious festival of the Muslims. Huge potholes, stripped face of the road, digging and pile of...

Zimbabwe plans to list bourse in bid to attract investors

2014-07-22 00:00:00

Zimbabwe will halve its stake in the local bourse as part of a plan to float the company and attract more foreign capital into the country, Finance Minister Patrick Chinamasa said on Monday. The government will cut its stake in...

Realise Tk 1.9m from 9 mission officials: Watchdog

2014-07-22 00:00:00

A parliamentary watchdog has suggested the government to realise Tk 1.9 million (Tk 1914,207) from nine officials of six Bangladesh missions abroad as they had taken the undue money as education allowance. The recommendation was made at the 5th meeting...

Dhaka chest hospital fire doused

2014-07-22 00:00:00

The firefighters doused a fire that erupted at the National Institute of Diseases of the Chest and Hospital (NIDCH) at Mohakhali in the city on Monday night. Howeve, no casualties were reported in the fire that broke out around 10:30pm,...

Cinnamon can prevent food poisoning

2014-07-22 00:00:00

Cinnamon can not only tickle your taste buds, the ancient cooking spice is also an effective anti-bacterial agent and can help prevent some of the most serious food-borne illnesses caused by pathogenic bacteria, says a study. Cinnamomum cassia oil can...

Shopping malls get fake-note detection machines

2014-07-22 00:00:00

Bangladesh Bank (BB) and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) have completed the distributed of fake-note detection machines to the big shopping centres in the city. The machines were handed over to the representatives of the...

Combined entry test sees no light

2014-07-22 00:00:00

Those seeking admission to Bangladesh’s public universities may have to wait a while since a common entry test is not being held this year. The government had announced the holding of such tests from this year but the Education Ministry...