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DCs asked not to lease riverine land sans ministry\\\'s nod

FE Report | 2014-07-11 00:00:00

The government asked the deputy commissioners (DCs) Thursday not to lease riverine land without taking prior permission from the ministry concerned. The directive was given with an aim to stop river encroachment and pollution on the concluding day of the...

PM dismisses Talpatty existence, ridicules BNP\\\'s remark

2014-07-11 00:00:00

Prime Minister Sheikh Hasina Thursday dismissed the existence of the much-talked-about Talpatty Island in the Bay of Bengal and criticised the remarks of an ex-BNP minister over Talpatty saying that it was done to undermine the government's success in the...

BRTC\\\'s advance Eid ticket sale from July 20

FE Report | 2014-07-11 00:00:00

Advance tickets for 'BRTC Eid Special Service' will be on sale from July 20, eight to nine days ahead of Eid-ul-Fitr. The special bus service will start from July 21 and will continue till three days after Eid, Bangladesh Road...

Photo: Indian Finance Minister Arun Jaitley leaves his office to table the budget in parliament

2014-07-11 00:00:00

Exports edge up 11.65pc, fetch $30.17b in FY ‘14

Monira Munni | 2014-07-11 00:00:00

Exports in the just-concluded fiscal year (FY) of 2013-14 fetched $30.17 billion. The amount reflected an 11.65 per cent growth over the previous fiscal due to increased shipments of apparel products despite having some odds like political turmoil and tragic...

Average inflation slightly up last fiscal

FE Report | 2014-07-11 00:00:00

The average inflation in the just-concluded fiscal year (FY) 2013-14 stood at 7.35 per cent, up by a 0.57 percentage point from that of the previous fiscal, the official data showed Thursday. The rise in the average inflation rate was...

Govt set to opt for costly buyers\\\' credit

FHM Humayan Kabir | 2014-07-11 00:00:00

The government is set to opt for costly buyers' credit from two export credit agencies of China and Switzerland for installation and upgradation of a power generation unit at Ghorashal, officials said Wednesday. Power Division officials said they will rehabilitate...

Experts for survey of Bay before new bidding round

M Azizur Rahman | 2014-07-11 00:00:00

 Energy experts have called for surveying new offshore areas first before launching a new bidding round for oil and gas explorations there. They said the country would get data only after survey of the dispute-free offshore areas, on the basis...

Transport operators issue 72-hr ultimatum to RHD

Our Correspondent | 2014-07-11 00:00:00

CHITTAGONG, July 10: The transport operators on the Chittagong-Dhaka highway have warned the Road and Highways Department (RHD) that they would not operate transports unless the damaged portion of the highway is repaired within next Monday. "We will not operate...

India\\\'s new budget promises greater opportunities for foreign investors

2014-07-11 00:00:00

NEW DELHI, July 10 (Agencies):   India's new right-wing government under Prime Minister Narendra Modi unveiled its maiden budget Thursday, promising a new era of fiscal prudence and greater opportunities for foreign investors in key sectors of the economy. The new...

Prayer Timings

2014-07-11 00:00:00

Photo: The city roads are now crammed with rickshaws ahead of the Eid-ul-Fitr.

2014-07-11 00:00:00

PM invites Khaleda to Iftar party

2014-07-11 00:00:00

Prime Minister Sheikh Hasina Thursday invited BNP chairperson Khaleda Zia to an Iftar party to be hosted in honour of the country's politicians on July 17. The Iftar mahfil will be held at the Prime Minister's official residence Ganobhaban. —UNB

JS body for probe into Basic Bank

2014-07-11 00:00:00

The Parliamentary Standing Committee on Public Undertakings Thurday recommended to take punitive steps through investigation against those involved in the recent financial irregularities of Basic Bank.    — BSS

China shares down in morning trade

2014-07-11 00:00:00

Chinese stocks were slightly lower in morning trade on Friday on concerns over upcoming corporate earnings reports, dealers said. The benchmark Shanghai Composite Index fell 0.20 per cent, or 4.08 points, to 2,034.26 points. The Shenzhen Composite Index, which tracks...

Tokyo stocks open 0.75% lower

2014-07-11 00:00:00

Tokyo stocks opened 0.75 per cent lower on Friday after a scare over a Portuguese bank sent Wall Street lower and boosted the yen. The Nikkei 225 index was down 113.88 points at 15,102.59 at the start. By 0125 GMT,...

HK stocks open 0.36% lower

2014-07-11 00:00:00

Hong Kong stocks fell 0.36 per cent in the first few minutes of trade Friday following losses on Wall Street sparked by news of a scare at Portugal’s biggest listed bank. The benchmark Hang Seng Index slipped 83.30 points to...

US stocks end with modest losses

2014-07-11 00:00:00

US stocks recovered from a sharp opening fall sparked by a Portugal bank scare and general investor caution to end with modest losses on Thursday. The Dow Jones Industrial Average finished down 70.54 points (0.42 per cent) at 16,915.07. The...

World Population Day being observed

2014-07-11 00:00:00

World Population Day today (Friday). The day is being observed in Bangladesh as elsewhere across the globe with a call to prioritise youth in development plans, strengthen partnerships with youth-led organizations, and involve young people in all decisions that affect...

Seoul shares shrink

2014-07-11 00:00:00

The prices of most of the shares in South Korea’s capital markets declined on Friday. Seoul stocks were 0.55 per cent down at the close of trading, according to AFP.

Sydney slightly higher

2014-07-11 00:00:00

The Sydney stock markets edged 0.15 per cent higher on Friday, the last trading day of the week, according to AFP.

Portugal\\\'s BES bank puts debt exposure at 1.18b euro

2014-07-11 00:00:00

Portugal's largest listed bank Banco Espirito Santo (BES), whose shares have plummeted shaking global stock markets, said early Friday its exposure to debt in the Espirito Santo group rose to 1.18 billion euro ($ 1.6 billion) at the end of...

European stocks slide on BES woes

2014-07-11 00:00:00

European stock markets fell back on Thursday afternoon on the back of weak industrial output data and a growing crisis at Portugal’s largest lender, Banco Espirito Santo. London’s FTSE 100 lost 0.68 per cent to close at 6,672.37 points, after...

\\\'More VAT collection needed to keep economic wheel moving fast\\\'

2014-07-11 00:00:00

More Value Added Tax (VAT) collection is important to keep the country’s economic wheel moving at a faster pace instead of relying on foreign help, speakers at a views-sharing meeting said in Rajshahi on Thursday afternoon. They viewed there is...

Banks asked to speed up transactions

2014-07-11 00:00:00

Bangladesh Bank (BB) on Thursday asked all banks to speed up their transaction to ensure better services to the people especially during the holy month of Ramadan and before the Holy Eid-ul-Fitr. The central bank in a directive suggested the...

DSCC announces Tk 15.72b budget for 2014-15

2014-07-11 00:00:00

Dhaka South City Corporation (DSCC) has announced a proposed budget of Tk 15.725 billion (Tk 15657.5 million) for the fiscal year (FY) 2014-2015. At the same time, the DSCC approved amended budget of Tk 6.728 b of FY 2013-2014, according...

Paying VAT strengthens revenue earning for nat\\\'l uplift: speakers

2014-07-11 00:00:00

Speakers at a post-rally discussion in Rangpur have called for inspiring the businesspersons and common consumers in paying value added tax (VAT) properly to strengthen revenue earning for accelerating national uplift. They stressed for creating mass awareness in paying VAT...

BD gained in sea border verdict: expert

2014-07-11 00:00:00

Bangladesh has gained much from the verdict over the 25,602 sq km of disputed Bay area with India, says Dr Md Kawser Ahmed, an oceanography expert who teaches at Dhaka University (DU). He termed the verdict by Permanent Court of...

1 crushed under train in Moulvibazar

2014-07-11 00:00:00

A man was crushed under the wheels of a running train in Chhopakon Railway Station under Kulaura upazila of Moulvibazar district on Thursday. Identity of the deceased could not be known. Informed by locals, a team of the Government Railway...

4 shops fined Tk45,000 in Sunamganj

2014-07-11 00:00:00

A mobile court in Sunamganj on Thursday fined four restaurants in Chhatak upazila Tk 45,000 for selling adulterated and substandard foods. The drive was conducted by Ainur Akter Panna, Upazila Nirbahi Officer and executive magistrate. The mobile court fined Pritiraj...