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First beach surf club built at Cox\\\'s Bazar

Shamsul Huda | 2014-07-08 00:00:00

The first surf club on Cox's Bazar seashore has created recreational opportunity for both local and foreign tourists, a tour operator said, as experts suggested far more facilities to cash in on the world's longest unbroken sea beach blessed with...

Move to revive BR\\\'s lost glory

Badrul Ahsan | 2014-07-08 00:00:00

The government has taken a set of proactive measures to upgrade operational activities of Bangladesh Railway (BR) and thus ensure better services to the passengers, sources said. They said once the measures are implemented in the next five years, BR...

Govt panel finally orders closure of six RMG units

FE Report | 2014-07-08 00:00:00

A government panel has ordered closure of six garment factories housed in one building in Dhaka and recommended partial evacuation of each floor of a six-storied building in Chittagong. The decision on closure of the six readymade garment (RMG) factories...

7 Khulna jute mills besieged

2014-07-08 00:00:00

KHULNA, July 7 (UNB): Workers of seven state-owned jute mills laid siege to the administrative offices of their respective factories on Monday protesting the government move to transform Bangladesh Jute Mills Corporation (BJMC) into a holding company. The jute mills...

Vatican bank clean-up wipes out profit for 2013

2014-07-08 00:00:00

The Vatican bank has seen its 2013 profit almost wiped out largely due to a clean-up process which has seen it end relationships with 3,000 customers. The bank, known officially as the Institute for Religious Works, reported a 2.9m euro...

China Q2 GDP seen steady at 7.4pc

2014-07-08 00:00:00

BEIJING, Jul 7 (Reuters): China's economy probably steadied in the second quarter with annual growth holding firm at 7.4 per cent, a Reuters poll showed, suggesting that a recovery is taking hold as a flurry of government stimulus measures kick...

News Briefs

2014-07-08 00:00:00

Russian output expands 1.2pc in Q2 MOSCOW, July 7: Russia's economy minister said Monday that output expanded by 1.2 percent in the second quarter compared to the same period last year, a preliminary figure that is "slightly better" than expected...

Photo: Al-Arafah Islami Bank Limited

2014-07-08 00:00:00

Photo: Member (Investment Promotion) of BEPZA

2014-07-08 00:00:00

Move to shore up farm supply chain in southwest region

FE Report | 2014-07-08 00:00:00

ACI Agribusiness has teamed up with Solidaridad Network Asia to help develop an efficient business linkage for the agro-input and output supply chain for increasing the productivity of the smallholders in the southwest region. Two sides signed a Memorandum of...

IDB to help Gulf cos to expand in Asia, Africa

2014-07-08 00:00:00

JEDDAH, July 7 (Reuters): A new infrastructure fund from the Islamic Development Bank (IDB) aims to help Gulf-based companies expand in Asia and Africa, developing stronger economic ties among these regions. Jeddah-based IDB is keen to grow trade among its...

Report finds 3 out of 10 poor in India

2014-07-08 00:00:00

NEW DELHI, July 7 (PTI): A panel headed by former PMEAC Chairman C Rangarajan has dismissed the Tendulkar Committee report on estimating poverty and said that the number of poor in India was much higher in 2011-12 at 29.5 per...

Malaysia eyes first rate hike in 3 years

2014-07-08 00:00:00

KUALA LUMPUR, July 7 (Reuters): Malaysian car mechanic Cheong Tim Soong spent years trying to curb his dependence on expensive credit card debt until a friend took decisive action - cutting up the card in front of him. Bank Negara,...

PBoC to keep RMB stable

2014-07-08 00:00:00

BEIJING, July 7 (Xinhua): China's central bank said on Monday that it will try to keep the rinminbi exchange rate largely stable in equilibrium. The People's Bank of China (PBoC) made the remarks in a statement released after a quarterly...

exchange rate

2014-07-08 00:00:00

Photo: ISTANBUL, Turkey: This file picture taken in Istanbul on January 23, 2014 showing a woman counting Turkish lira banknotes

2014-07-08 00:00:00

Cooperative training to empower women entrepreneurs

2014-07-08 00:00:00

A five-day training on 'Management Capacity Building of Women for Co-operative Development' started Monday to strengthen the capability of women entrepreneurs, reports BSS. State Minister for Local Government, Rural Development and Cooperatives Moshiur Rahman Ranga inaugurated the training session at...

China, Germany in auto, aircraft deals as Merkel visits

2014-07-08 00:00:00

BEIJING, July 7 (AFP) :  China and Germany signed a string of trade and investment deals on Monday during a visit by Chancellor Angela Merkel, including two new Volkswagen factories and the sale of 123 Airbus helicopters. The two countries...

Argentina readies talks with mediator over debt default

2014-07-08 00:00:00

BUENOS AIRES, July 7 (AFP) : Argentine representatives hold talks with a court-appointed arbiter in New York on Monday hoping to resolve an impasse over debt payments to hedge funds as the country faces possible default. The government of President...

Venezuela plans to introduce new forex system

2014-07-08 00:00:00

CARACAS, July 7 (XINHUA)  : Venezuela is to install a new foreign exchange system as part of its comprehensive efforts to guarantee economic balance, said Vice President for Economic Affairs Rafael Ramirez yesterday. "We are going to introduce a new...

Call for gearing up anti-formalin campaign

2014-07-08 00:00:00

GAIBANDHA, July 7 (BSS): Speakers at a function here on Sunday stressed the need for creating much awareness among the people about misuse of formalin to keep them fit physically through avoiding health hazards. "Formalin is a colorless liquid with...

Taking measures to prevent leaking of question papers

Masum Billah | 2014-07-08 00:00:00

Assessment is considered as one of the significant components of teaching-learning process. Students, teachers, materials, methods of teaching and evaluation are the main components of teaching. We assess our learners through public examinations which fall in the category of 'summative'...

Visit of Sushma Swaraj: No silver lining?

Mohammad Amjad Hossain | 2014-07-08 00:00:00

Indian Minister for External Affairs, Sushma Swaraj, the first woman foreign minister of the largest democracy of the world, visited Bangladesh recently. Bangladesh was the first country for her to pay a visit following the formation of the Bharatiya Janata...

No compromise on quality of textbooks

2014-07-08 00:00:00

Bangladesh has the distinction of distributing 300 million school textbooks among its students at the start of the new academic year. It is a monumental task accomplished admirably against all odds and at times conspiracies by certain quarters. But things...

CAR church attacks leaves 17 dead

2014-07-08 00:00:00

Officials say at least 17 people are dead after Muslim rebels attacked a Catholic church in Central African Republic (CAR) compound that was housing thousands of displaced civilians. The Rev Thibault Ndemaguia said he had counted at least 17 bodies...

Is Bangladesh\\\'s stock market high or low?

Abu Ahmed | 2014-07-08 00:00:00

If you ask stock investors whether Bangladesh's stock market is high or low in terms of stock prices, they will surely reply, it's low. If you ask them why it is so, they will refer to the prices of the...

FDI in enlivening tourism sector

Ziaul Haque Howlader | 2014-07-08 00:00:00

If you have many innovative ideas and good planning but no money for implementing them, obviously the planning will yield no results. The tourism sector in Bangladesh is more or less like that. There are a lot of ideas and...

On travel tax and manpower export

2014-07-08 00:00:00

The government has raised the international travel tax rate. The majority of the people who travel abroad are migrant workers, and it will be difficult for them to bear the extra cost. The migration cost the Bangladeshi workers bear is...

Violence: The enemy of growth

2014-07-08 00:00:00

This is obviously the reality, yet sadly ignored by those who want to govern this country. If Bangladesh has to develop and grow, it must desist from all forms of violence. Among the lot, political violence is by far the...

World Cup excitement

2014-07-08 00:00:00

The World Cup football has reached its final phase and out of thirty-two nations only four teams have survived in the competition. So far there is no much surprise as giant teams like Brazil, Germany, Argentina and Holland have qualified...