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Prior approval mandatory to arrest public servant

2014-07-20 00:00:00

The government has drafted the Public Servants Act that prevents punitive actions against a government employee before departmental measures. It also makes taking prior approval mandatory to arrest a public servant. The Secretarial Committee on Administrative Development Affairs discussed the...

Myanmar to host 36th Asean ministerial meet on agriculture, forestry

2014-07-20 00:00:00

YANGON, July 19 (Xinhua): Myanmar will host the 36th Association of Southeast Asian Nations (Asean) Ministerial Meeting on Agriculture and Forestry and the 14th Asean+3 Meeting and related meetings in September, official media reported Saturday. The meetings are scheduled to...

Concerns mount over India\\\'s stance on global trade pact

2014-07-20 00:00:00

SYDNEY, July 19 (Reuters): Eleventh hour negotiations to win Indian approval for a breakthrough global trade pact may not have succeeded in the end despite initial signs of progress, sources involved in the discussions said on Saturday. India is the...

EU-US trade talks end amid protests

2014-07-20 00:00:00

BRUSSELS, July 19 (AFP): EU and US negotiators ended a sixth round of trade liberalisation talks on Friday by vowing to maintain transparency, as anti-globalisation protesters nearby urged the project be scrapped. "We have had intense discussions" that have been...

IMF sees Ukraine\\\'s economy shrinking faster

2014-07-20 00:00:00

KIEV, July 19 (AFP): The International Monetary Fund (IMF) warned Friday that the pro-Russia uprising engulfing Ukraine's vital industrial east had dealt a "notable" blow that would shrink its economy faster than feared. The Fund said in its latest review...

Iran to receive $2.8b in frozen assets

2014-07-20 00:00:00

TEHRAN, July 19 (Xinhua): The world powers agreed to unfreeze US$2.8 billion of Iran's frozen assets over the next four months, Press TV reported on Saturday. "Over the next four months, $2.8 billion will be deposited into Iran's account in...

Bank of Portugal urges improved health for private bank

2014-07-20 00:00:00

LISBON, July 19 (Xinhua): Bank of Portugal Governor Carlos Costa encouraged new shareholders to restore the financial health of bank Banco Espirito Santo (BES)'s structure on Friday, as Portugal's largest private bank tries to calm investors. "It would be good...

Chinese, Venezuelan central banks ink coop deal

2014-07-20 00:00:00

CARACAS, July 19 (Xinhua): The central banks of Venezuela and China signed a cooperation agreement here Friday aimed at promoting the exchange of information on statistical methodologies, monetary policy strategies and funding mechanisms. Zhou Xiaochuan, governor of the People's Bank...

Photo: NEW DELHI, India: Indian Finance and Defence Minister Arun Jaitley speaking

2014-07-20 00:00:00

Photo: BUENOS AIRES, Argentina: Chinese President Xi Jinping (L) shaking hands with Argentine President Cristina Fernandez de Kirchner

2014-07-20 00:00:00

Photo: NICOSIA, Cyprus: A picture taken on July 18, 2014, showing a building housing

2014-07-20 00:00:00

Proper use of Zakat stressed

FE Report | 2014-07-20 00:00:00

Speakers at a seminar urged the affluent people of the society to give Zakat properly for the benefit of the poor and the country's economic development. The call came at a seminar on "Exploring Potential of Zakat and its Institutionalised...

Govt to set up exclusive tourist zone in Cox\\\'s Bazar

2014-07-20 00:00:00

In an effort to give a big boost to the country's tourism industry by attracting more tourists, the government has taken an initiative to set up an exclusive tourist zone (ETZ) in beach town Cox's Bazar, repotrs UNB The ETZ...

2-day fair on remittance, investment in KL Sept 6

2014-07-20 00:00:00

A two-day long single-country fair styled 'Remittance & Investment Fair 2014' will be held in Kuala Lumpur, Malaysia from September 6, reports UNB. The fair will be organised by Global Air Tours and Travel's aiming to promote export to Malaysia...

China announces heavy investments in Argentina

2014-07-20 00:00:00

BUENOS AIRES, July 19 (AFP) :  Visiting Chinese President Xi Jinping announced Friday huge investments in hydroelectric power, shipbuilding, railways and a deal to help Argentina build its fourth nuclear plant. No total dollar figure was given. Xi has pressed...

Bhola will get industrial city, says Tofail

2014-07-20 00:00:00

BHOLA, July 19 (BSS) :  Commerce Minister Tofail Ahmed yesterday said that an industrial city would be set up in Bhola on a few acres of land with electricity and natural gas produced in the district. "Those who will set...

Switzerland\\\'s Swatch to open stores in India

2014-07-20 00:00:00

NEW DELHI, July 19 (AFP) : Swatch has applied to set up stores in India, a report said Saturday, as the Swiss-based watchmaker moves to tap a growing and increasingly accessory-conscious consumer class. Swatch, with $10 billion in annual sales,...

G20 trade ministers reaffirm growth commitments

2014-07-20 00:00:00

SYDNEY, July 19 (AFP) : G20 trade ministers reaffirmed Saturday their commitment to free trade as a central driver of growth and to streamline the flow of goods through borders. The ministers met in Sydney for the latest round of...

News in Brief

2014-07-20 00:00:00

3D printing in space far from reality WASHINGTON, July 19 : Space-based 3D printing of hardware such as a fully functional small spacecraft is still far from being a reality at least in the short term, according to a new...

DSE asked to submit observations promptly

Mohammad Mufazzal | 2014-07-20 00:00:00

The securities regulator has asked Dhaka Stock Exchange (DSE) to submit their observations regarding the IPO (initial public offering) proposals promptly so that the regulator can evaluate observations while giving consent to IPO proposals, officials said. The Bangladesh Securities and...

Half-yearly business review meeting of SIBL held

2014-07-20 00:00:00

The "Strategic Planning Session and Managers' Half-Yearly Business Review Meeting" of Social Islami Bank Limited (SIBL) was held Saturday at the Corporate Office Hall Room of the Bank, said a statement. Chairman of the Bank Major (Retd.) Dr. Md. Rezaul...

FSIBL EGM approves issuance of rights

2014-07-20 00:00:00

First Security Islami Bank Limited will issue 1R:2 i.e. 1 right share for every 2 ordinary shares of Tk 10 (Ten) each to raise paid-up capital of the Bank subject to the approval of the regulatory bodies. The 8th Extraordinary...

India Reliance posts record $1 billion Q1 profit

2014-07-20 00:00:00

NEW DELHI, July 19 (AFP): Indian retail-to-energy group Reliance Industries Ltd reported a record $1-billion net profit for the financial first-quarter, fuelled by a strong petrochemicals performance. Reliance, controlled by the country's wealthiest man Mukesh Ambani, announced net profit for...

Photo: Get together & Ifter of Public Relations Association of Banks (PRAB)

2014-07-20 00:00:00

Photo: Totalgaz, a French multinational LPG marketing company

2014-07-20 00:00:00

Abahani beat Sheikh Russell by 5-2

2014-07-20 00:00:00

Dhaka Abahani notched a 5-2 victory over Sheikh Russell Krira Chakra in a 3rd leg match of the Nitol-Tata Bangladesh Premier Football League (BPL) at Bangabandhu National Stadium in the city Saturday, reports UNB. The win gave Abahani 49 points...

Sangakkara keeps alive S Lanka victory dream

2014-07-20 00:00:00

GALLE, July 19 (AFP): Kumar Sangakkara smashed his 49th half-century as Sri Lanka launched a fightback on the fourth day of the first Test against South Africa on Saturday. The prolific left-hander also shared 96 runs for the unbroken second...

Pakistan to send 62-member team to Commonwealth Games

2014-07-20 00:00:00

KARACHI, July 19 (AFP): A Pakistani court on Friday said a group of athletes picked to participate in next week's Commonwealth Games are free to attend the event following a long-standing tussle between two rival factions of the Pakistan Olympic...

Referee condemns \\\'poor\\\' Trent Bridge pitch

2014-07-20 00:00:00

LONDON, July 19 (AFP): English cricket authorities faced the prospect of a $15,000 fine after the docile Trent Bridge pitch on which England and India played out a draw in last week's first Test was rated as "poor" by match...

England 319 all out against India

2014-07-20 00:00:00

LONDON, July 19 (AFP): England were bowled out for 319 in reply to India's first innings 295, a lead of 24 runs, on the third day of the second Test at Lord's on Saturday. India seamer Bhuvneshwar Kumar led the...