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News Briefs

2014-06-27 00:00:00

Chair, vice chair of Janata Ins re-elected The Board of Directors of Janata Insurance Company Limited in its meeting, held recently unanimously re-elected Mr. Belal Ahmed as Chairman and Mr. Aziz Al Masud, Vice Chairman of the Company. Mr. Belal...

Photo: Export Import Bank of Bangladesh Limited

2014-06-27 00:00:00

Photo: Jamuna Bank Limited

2014-06-27 00:00:00

Photo: Muhammad Aziz Khan (Center), Chairman of Summit Group

2014-06-27 00:00:00

Photo: Eastern Bank Ltd. (EBL)

2014-06-27 00:00:00

Sensex ends 251 points lower

2014-06-27 00:00:00

MUMBAI, June 26 (Reuters): The BSE Sensex ended lower on Thursday with sharp falls in oil explorers such as Reliance Industries and Oil and Natural Gas Corp. after the government deferred a decision to hike prices of locally produced gas,...

Barclays shares slide as bank faces US lawsuit

2014-06-27 00:00:00

LONDON, June 26 (AFP): Shares in Barclays slid five per cent in trading on Thursday after New York prosecutors sued the British bank for fraud -- the latest blow to hit the scandal-hit company. Barclays was down 5.04 per cent...

Asian shares gain as global bond yields decline

2014-06-27 00:00:00

SYDNEY, June 26 (Reuters): Asian shares swung higher on Thursday as weak US growth seemed to further delay the day when interest rates might rise, pulling down bond yields globally and pushing investors toward riskier assets in a desperate search...

European markets mostly flat

2014-06-27 00:00:00

LONDON, June 26 (AFP): Europe's main stock markets mostly flattened on Thursday, with some support coming from gains across Asia and on Wall Street the previous day despite poor US growth data, analysts said. London's FTSE 100 index of top...

Sebi, stock bourses revamp rules for trade-for-trade segment

2014-06-27 00:00:00

MUMBAI, June 26 (PTI): Revamping decade-old surveillance norms in the capital markets, Securities and Exchange Board of India (Sebi) and stock exchanges have revised the criteria with respect to decision on securities to be put under the restricted trading category....

Saab set to buy ThyssenKrupp shipyards

2014-06-27 00:00:00

STOCKHOLM, June 26 (AFP): Swedish defence and aeronautics group Saab said on Thursday it was heading towards the acquisition of a submarine shipyard in Sweden owned by German ThyssenKrupp. Saab, which announced in April it had a memorandum of understanding...

ICB AMCL discloses NAV of MFs

2014-06-27 00:00:00

ICB Asset Management Company Limited (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), disclosed the following total net asset value (NAV) of different mutual funds (MFs) at the close of business operation on June 25, 2014, said a...

ICB AMCL discloses NAV of different funds

2014-06-27 00:00:00

ICB Asset Management Company Limited (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), disclosed the following total net asset value (NAV) of different open-end mutual funds (MFs) at the close of business operation on June 25, 2014, said...

Photo: Chairman of People\\\'s Leasing and Financial Services Limited

2014-06-27 00:00:00

IPO Diary

2014-06-27 00:00:00

Photo: Central Insurance Company Limited

2014-06-27 00:00:00

Photo: Sonar Bangla Insurance Limited

2014-06-27 00:00:00

Photo: Contech Ltd

2014-06-27 00:00:00

Physical infrastructure versus good governance

Mohammed Farashuddin concluding his two-part write-up on \'Infrastructure Constraints to Growth & Development\' | 2014-06-27 00:00:00

Bangladesh has seen asymmetrical results from investment in education. Pre-primary and primary education have received somewhat positive evaluation in terms of almost 100 per cent enrolment in primary schools, gender parity, reduced dropout and improving quality; shortage of qualified teachers...

Harsh realities in power sector

Syed Jamaluddin | 2014-06-27 00:00:00

The greatest World Cup show began on June 12. Ramadan also begins by the last week of June. Demand for power will be at the highest during this time. People will have to suffer loadshedding this time because of the...

Resurgence of sectarian identities in the Middle East

Mark Leonard writing for Reuters | 2014-06-27 00:00:00

Thirty-five years ago Iranian students stormed the U.S. Embassy in Tehran chanting "death to America." But today Iran wants to work with the United States to stabilise Iraq while negotiating a deal on its nuclear program. The journey from death...

Outrageous price hike of toiletries

2014-06-27 00:00:00

One wonders if there are many countries where prices of detergent have tripled over the past five years. Bangladesh, a land of impossibilities, however has to its credit this dubious distinction. No, there was no report on manifold increase in...

Capital flight leaves the country anaemic

Nilratan Halder | 2014-06-27 00:00:00

First the central bank of Switzerland came up with the explosive news that the deposits by Bangladeshi citizens with different Swiss banks rose by 62 per cent year-on-year to 372 million Swiss franc (Tk 32.36 billion) at the end of...

On expansion of tax net

Shaikh Saleque | 2014-06-27 00:00:00

Much initiative has been taken to increase tax collection from the potential sectors. In a unique move, the tax authority has moved to scrutinise income tax files of some 150 top physicians of the country following alleged mismatch between their...

What a shame!

2014-06-27 00:00:00

That is Biman -- vividly demonstrated in the front-page photograph and the report published in a daily on Wednesday. What a shame! Before any thing else the MD on behalf of Biman should extend his public apology to all for...

Senseless people

2014-06-27 00:00:00

Very recently I encountered an awkward situation in the street. Our car was approaching towards the stadium where there was heavy traffic congestion. Our car halted due to the jam. We noticed that some fire fighting vehicles frantically tried to...

Dilapidated road in front of Mouchak market

2014-06-27 00:00:00

Mouchak market is one of the popular shopping spots and the crossing in front of it is a populous traffic hub in the city. But it is indeed sad to see that the thoroughfare there is in a total rundown...

Harnessing full potential of rice production

Salim Rashid in the first of a two-part write-up on \'Food Policy, Rice Exports and Full Information\' | 2014-06-27 00:00:00

The long-run economic potential of Bangladesh cannot be realised unless the people feel confident about the first item on most people's budget -- food. With a population of about 150 million and a projected population of about 220 million by...

Research findings on some educational issues

S.M. Rayhanul Islam reviewing a collection of the findings of eight research works conducted by FREPD | 2014-06-27 00:00:00

The Foundation for Research on Educational Planning and Development (FREPD), situated on the Dhaka University campus, is a non-political, non-profit, voluntary organisation devoted to research on educational issues. The aims of the FREPD are to promote, sponsor, organise, develop and...

Empowering local govt reps for development underscored

FE Report | 2014-06-27 00:00:00

Speakers at a seminar emphasised on empowering the local government representatives according to the rules of its formation and bringing transparency in handling public fund, conducting auditing of income and expenditure regularly and conducting training for the members of Upazila...