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Fire guts RMG unit depot

2014-06-21 00:00:00

A fire gutted a storeroom of a readymade garment (RMG) factory at Savar's Ashulia, on the outskirts of Dhaka city, on Friday evening. Fire-fighters doused the flames one-and-a-half-hour after it broke out around 6pm, said DEPZ Fire Service's Station Officer...

20 RMG workers injured

2014-06-21 00:00:00

At least 20 workers were injured on Friday evening as they hastily tried to get out of a multi-storey building in Ashulia, Savar, that houses several readymade garment (RMG) factories. Locals said a fire broke out at an apparels factory...

BNP\\\'s political workshop in city

2014-06-21 00:00:00

As part of their move to build future leadership, BNP is holding a political workshop at a city hotel today (Saturday) to train 50 students of different private universities. The political workshop-8, organised by BNP’s central political training centre, began...

Cop assaulted for stopping BCL chief\\\'s car

2014-06-21 00:00:00

Activists of pro-government Bangladesh Chhatra League have assaulted a police constable when he stopped BCL President HM Badiuzzaman Sohag's vehicle that defied traffic lights. The incident happened at Zero Point in Dhaka city on Friday afternoon. Paltan Police Station OC...

Case filed over attack on Shamim

2014-06-21 00:00:00

A case has been filed over the attack on former Bangladesh Chhatra League (BCL) President AKM Enamul Haque Shamim. Three have been accused in the case but none was named. But in the case details, the plaintiff said it was...

Roads blocked protesting power outage in Sylhet

2014-06-21 00:00:00

Locals put up barricade on roads in different parts of Sylhet city on Friday giving vent to their anger for intermittent power supply and seeking an immediate way out of the situation. Sources said residents of Tukerbazar blockaded Sylhet-Sunamganj Highway...

American Apparel dumps founder and CEO

2014-06-20 00:00:00

NEW YORK, June 19 (AFP): Struggling international fashion label American Apparel said Thursday it is firing its founder and chief executive as part of an "investigation into alleged misconduct". Canadian Dov Charney has been suspended and will be let go...

NZ dollar jumps to record highs on trade basis after Fed

2014-06-20 00:00:00

WELLINGTON/SYDNEY, June 19 (Reuters): The New Zealand dollar vaulted to a lifetime high against a basket of currencies on Thursday, and along with the neighbouring Australian dollar notched hefty gains versus the US dollar after dovish comments by the US...

News in Brief

2014-06-20 00:00:00

British retail sales drop in May LONDON, June 19 : British retail sales shrank 0.5 per cent in May compared with the level in April, official data showed on Thursday. Retail sales, a key indicator of household spending confidence, also...

Photo: CHINA: A woman walks under a decoration made of coloured umbrellas

2014-06-20 00:00:00

Photo: TOKYO, Japan: A woman holding an umbrella walks past a display window

2014-06-20 00:00:00

Japan business mood defies economic headwinds, backs BOJ optimism

2014-06-20 00:00:00

TOKYO/AKITA, Japan, Jun 19 (Reuters): Confidence of Japanese manufacturers held steady in June while the service-sector mood rebounded from the prior month, an encouraging sign for the economy as it tries to hold its ground in the face of soft...

IMF sees Irish economic recovery in risks

2014-06-20 00:00:00

DUBLIN, June 19 (AFP): Ireland faces significant challenges as it begins a tentative economic recovery, the International Monetary Fund said Wednesday in its first review since Dublin exited an international bailout programme in December. "Following a smooth exit from the...

EU agrees on common anti-money laundering

2014-06-20 00:00:00

BRUSSELS, June 19 (Xinhua): The European Council on Wednesday agreed on package of rules aimed at clamping down on money laundering and terrorist financing, according to a European Union (EU) official statement. The agreement is important as it strengthens the...

Chinese state firms\\\' profits rise

2014-06-20 00:00:00

BEIJING, June 19 (Xinhua): China's state-owned enterprises (SOEs) saw faster growth in profits in the first five months of 2014 than in the January-April period, adding to signs of a stabilising economy, according to the Ministry of Finance (MOF). The...

US finds Iran economy in \\\'distress\\\'

2014-06-20 00:00:00

JERUSALEM, June 19 (AFP): US Treasury Secretary Jacob Lew said Wednesday Iran's economy remained in a "state of distress" despite limited sanctions relief, as world powers sought a nuclear deal with the Islamic republic. "Iran sanctions are the toughest the...

Merkel against change in Europe\\\'s budget rules

2014-06-20 00:00:00

BERLIN, June 19 (AFP): German Chancellor Angela Merkel said Wednesday she sees no need to change Europe's budget rules after her economy minister suggested that countries be given more time to get their finances in order. "We're agreed: there is...

BOC authorised as RMB clearing bank in Frankfurt

2014-06-20 00:00:00

BEIJING, June 19 (Xinhua): China's central bank announced on Thursday that it has authorised the Bank of China (BOC), one of China's big-four banks, to be the clearing bank for renminbi (RMB) business in Frankfurt. The work will be undertaken...

Robi sets up 3G Internet Corner at Ctg Press Club

Our Correspondent | 2014-06-20 00:00:00

CHITTAGONG, June 19: Country's second largest mobile phone operator, Robi Axiata Ltd, has set up 3G Internet Service at the Chittagong Press Club today. The telecom operator has taken the step in a bid to open up internet opportunities for...

exchange rate

2014-06-20 00:00:00

Photo: ATHENS: Laid off ministry of finance cleaning staff protesting outside the ministry

2014-06-20 00:00:00

Photo: BERLIN: German Finance Minister Wolfgang Schaeuble (L) and US Secretary of the Treasury Jacob Lew (R)

2014-06-20 00:00:00

Agriculture deserves better deal in budget

Jafar Ahmed Chowdhury | 2014-06-20 00:00:00

Agriculture is vital for food security of the population of a country. Bangladesh, being overpopulated, must give priority to development of agricultural sector. A steady growth in agriculture is also necessary for achieving higher GDP (Gross Domestic Product) growth. In...

Curbing use of formalin in fruits

Faizullah Mansur | 2014-06-20 00:00:00

Invisible formalin now appears visible everywhere. Cops with rifles are seen at entry points of Dhaka city seizing fruits infected with formalin. Police officials show up on TV channels and unfold their opening innings, throwing away a few truck-loads of...

Diversification of production base

2014-06-20 00:00:00

The issue of diversification of Bangladesh's production base has of late become a buzz word for no mean reason. When the Japanese ambassador here also lends his voice to the theme, the issue certainly assumes importance in a very especial...

In search of one\\\'s roots

Nilratan Halder | 2014-06-20 00:00:00

In his seminal novel "Roots" Alex Haley discovers, through painstaking research, his genealogical link to African heartland Gambia. The book unfolds an inhuman and tragic tale of slavery and establishes in bold strokes the Afro-American history. Haley's search for his...

Is this the demise of Tiki-Taka?

Maswood Alam Khan from Maryland, USA | 2014-06-20 00:00:00

The golden days of "Tiki-Taka" seem to have been over! The era of Spanish national team under their manager Vicente del Bosque, which was quite famous for their short passes and quick movements, their possession of and needling the ball...

Ashraful: A hero-turned villain

2014-06-20 00:00:00

I felt sad when I heard about my once favourite Bangladesh cricketer Ashraful being banned from all forms of cricket for eight years for fixing matches and it means the talented prodigy's cricket career is over and it is a...

Increase income tax slab-limits

2014-06-20 00:00:00

In the proposed budget for 2014-15 financial year the finance minister did not propose increase of free income tax limit from the existing Tk 2,20,000. This frustrated the mid-income group tax payers. The slabs for tax calculation also worries them;...

An old Indian tale

Syed Muhammad Hussain | 2014-06-20 00:00:00

Our visit to our nephew Dr. Shahriyar S. Ahmed and his family in Portland was a memorable one for more than one reason. Oregon Trail and the Indian stories still come alive in those parts. Shahriyar drove us on a...