Intention to buy shares Mercantile Bank: Md. Shahabuddin Alam, one of the Sponsors/Directors of Mercantile Bank Ltd., has expressed his intention to buy 13,00,000 shares of the Company at prevailing market price through Stock Exchange within next 30 working days....
FE Report | 2014-07-09 00:00:00
A young professional with international exposure in the field of development says country's talented youths' ideology must be ingrained of a career ethos that accelerates the growth momentum. " We have a privileged advantage of demographic dividend of a large...
Shah Alam Nur | 2014-07-09 00:00:00
Issuance of UDs (utilisation declarations), dropped marginally during the January-June period of the current calendar year (2014) against the same period of the previous year indicating a downtrend in the apparel exports. UD is an important index for assessing the...
MUMBAI, July 8 (Reuters): The BSE Sensex and Nifty slumped more than 2 per cent on Tuesday, marking their biggest single-day fall in over 10 months and retreating from record highs hit earlier in the session, after the railway budget...
FE Report | 2014-07-09 00:00:00
Dhaka North City Corporation (DNCC) Tuesday announced a Tk 20.42 billion budget for the 2014-15 fiscal year (FY). The proposed budget is Tk 9.3 million higher than the budget of last fiscal and Tk 10.3 million higher than the revised...
Khairul Islam Country's telecom regulator is going to investigate the allegations of illegal VoIP (voice over internet protocol) business by the state-run mobile operator Teletalk. A committee comprising representatives from the Bangladesh Telecommunication Regulatory Commission (BTRC), International Gateway (IGW), Inter...
Rezaul Karim | 2014-07-09 00:00:00
A large number of readymade garment (RMG) factory owners may face difficulties in paying wages and allowances to their workers if the government does not release committed cash incentive on time before Eid-ul Fitr, industry insiders said. It usually takes...
Ziaur Rahman | 2014-07-09 00:00:00
United Airways (BD) Limited, one of country's leading private airlines, is set to spread its wings wider with new services on Dhaka-Karachi and Dhaka-Medina routes from September. The airline has already received permission from the authorities concerned of respective countries,...
BEIJING, July 8 (Reuters): World Bank Group President Jim Yong Kim on Tuesday welcomed a new multilateral infrastructure bank proposed by China, saying there was a "massive need" for new investment in this area. China, which aired the idea of...
PARIS, July 8 (Reuters): OECD sees slowing or stable growth in emerging economies flat in major developing economies with the exception of India while the outlook for most developed economies is stable and improving in the United States, the OECD...
US small business confidence edges lower WASHINGTON, July 8: US small business sentiment weakened in June, pulling back from a six-year high because firms felt less confident the economy would improve in the coming months. The National Federation of Independent...
The government will provide support to Bangladeshi mobile application (app) developers to develop applications for various public services of different ministries, directorates and departments to make it available for smart phones and ensure people's easy access, reports BSS. "We'll encourage...
Underscoring the need for utilising the huge potentials of the country's fisheries sector, President Abdul Hamid Tuesday said the verdict regarding maritime boundaries has created huge possibilities for Bangladesh to harvest fisheries resources from the sea, reports BSS. "You know...
WASHINGTON, July 8 (AFP) : US retail king Wal-Mart toppled Royal Dutch Shell from the top spot on the Fortune Global 500 list of the world's biggest companies, based on total revenues, the magazine said Monday. Wal-Mart Stores reported $476.3...
The government of Sweden will provide 2.5 million Swedish Krona (SEK) or approximately Tk 29 million (Tk 2.9 crore) to Bangladesh for the 'Personnel and Consultancy Fund', reports UNB. The fund will be used for travel related costs for Bangladeshi...
NEW DELHI, July 8(AFP): India unveiled plans Tuesday to open its railways to foreign investment and introduce the first bullet train in a budget for the network closely watched for clues about the new government's economic priorities. The rail finance...
Indian rupee recovers 8 paise Vs dollar in early trade MUMBAI, July 8 : The rupee Tuesday recovered by 8 paise to 59.93 against the US in early trade at the Interbank Foreign Exchange market on increased selling of the...
FE Report | 2014-07-09 00:00:00
The United Nations Population Fund (UNFPA) will provide US$70 million grants to Bangladesh till 2016 for facilitating development of the country's education and health sectors. UNFPA Representative in Bangladesh Argentina Matavel Piccin told this to press after a meeting with...
YANGON, July 8 (Xinhua): Myanmar has planned to develop its third special economic zone (SEZ) in western Rakhine state's Kyaukpyu, assigning a Singapore-based consortium to develop a master plan for the move, state media reported Tuesday. CPG Consultancy Ltd, which...
SINGAPORE, July 8 (Reuters): Singapore sovereign investor Temasek Holdings wants to increase its holdings in China's financial services and technology sectors, banking on the long-term growth prospects of the world's second largest economy. Temasek Holdings Pte Ltd, which has two-thirds...
TOKYO, July 8 (Reuters): Japan's current account logged a higher-than-expected surplus in May, government data showed on Tuesday, as the trade deficit narrowed due to a decline in imports. But the improvement in the current account surplus could be temporary...
BEIJING, July 8 (Xinhua): The Chinese mainland's trade with Hong Kong totalled US$132.05 billion in the first five months of 2014, down 26.6 per cent year on year, the Ministry of Commerce revealed on Tuesday. The mainland's exports to Hong...
ATHENS, July 8 (AFP): Greece on Tuesday raised 1.625 billion euros ($2.2 billion) with a sale of six-month treasury bills, paying slightly lower interest in an oversubscribed sale. "Total bids reached 3.322 billion euros and the amount finally accepted was...
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