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16,000 farmers adopt improved post-harvest technologies

FE Report | 2014-06-16 00:00:00

More than 16,000 farmers have been benefited to the tune of Tk 68 million by adopting 34 improved post-harvest technologies and management practices in climate vulnerable and hard-to-reach areas (HtRAs) through a government-run project supported by the World Bank (WB)....

Citi honours 6 micro entrepreneurs, 2 MFIs

FE Report | 2014-06-16 00:00:00

Six micro entrepreneurs and two microfinance institutions (MFIs) were awarded 9th Citi Micro entrepreneurship Awards Saturday in recognition of their leadership, entrepreneurial skills and best practices of micro entrepreneurs. State minister for finance and planning M Abdul Mannan handed over...

Farm loan release set to reach target in FY’ 14

FE Report | 2014-06-16 00:00:00

Farm credit disbursement target is expected to cross by the end of the current fiscal year (FY) as the central bank has beefed up efforts to make sure farmers get increased. The expectation came after achieving nearly 97 per cent...

European stocks close lower

AFP | 2014-06-16 00:00:00

LONDON: Europe’s main stock markets closed in the red Monday, with London’s FTSE 100 index of top companies losing 0.34 per cent to 6,754.64 points. Frankfurt’s DAX 30 ended down 0.29 per cent at 9,883.98 points, while the CAC 40...

\\\'Haor problems to be resolved using monga experience\\\'

2014-06-16 00:00:00

State minister for finance MA Mannan on Sunday said the government will resolve the problems of Haor areas the way it dealt with in the monga-prone area. He made the remarks while addressing a seminar titled 'Agricultural Modernisation Initiative for...

News Briefs

2014-06-16 00:00:00

Fed in focus as investors seek reassurance MADRID, June 15: Investors will look to the Federal Reserve for reassurance in the coming week, with little economic data to assuage their concerns over the strength of the global recovery, amid signs...

Photo: Modhumoti Bank Ltd arranged a \\\'Business Conference 2014\\\'

2014-06-16 00:00:00

BICDA suggests duty-free import

Our Correspondent | 2014-06-16 00:00:00

CHITTAGONG, June 15: Bangladesh Inland Container Depots Association (BICDA) chairman Nurul Quayyum Khan has hailed the proposed budget for the fiscal year (FY) 2014-15 terming it pro-industry and pro-people. He said the Tk 2.5 trillion budget, up by 12.59 per...

Eurozone records $21.3b trade surplus in April

2014-06-16 00:00:00

BRUSSELS, June 15 (Xinhua): The eurozone was estimated to have scored a trade surplus of 15.7 billion euros (US$21.3 billion) in April, Eurostat, the statistical office of the European Union (EU) said Friday. It was up from a surplus of...

Kuwait urged to end labour sponsorship system

2014-06-16 00:00:00

KUWAIT CITY, June 15 (AFP): A Kuwaiti human rights organisation on Sunday urged the Gulf state to fulfil pledges to abolish the sponsorship system for foreign labour and to end the arbitrary deportation of expatriates. In a report on human...

GCC fixed income markets set for strong growth

2014-06-16 00:00:00

DUBAI, June 15 (Gulf News): Backed by attractive corporate and sovereign fundamentals and ambitious long-term development plans, the fixed income markets of Gulf Cooperation Council (GCC) countries have been growing quickly, said Mohieddine Kronfol, chief investment officer, Franklin Templeton Global...

Singapore jobless rate remains low

2014-06-16 00:00:00

SINGAPORE, June 15 (Xinhua): Singapore's unemployment rate in the first quarter remained low, showing that the labour market continues to be tight, the Ministry of Manpower said in a report on Friday. The seasonally adjusted overall jobless rate was 2...

Chinese power consumption rises 5.2pc in Jan-May

2014-06-16 00:00:00

BEIJING, June 15 (Xinhua): China's power consumption rose 5.2 per cent in the first five months from a year earlier, official data showed on Saturday. The Jan.-May growth figure was in line with the rate in the first four months,...

Abu Dhabi inflation rate at 2.5pc

2014-06-16 00:00:00

ABU DHABI, June 15 (Gulf News): Abu Dhabi's consumer price inflation for the first five months of 2014 stood at 2.5 per cent, compared with the same period of 2013. The consumer price index was 2.8 per cent in May...

Chevron launches blood donation drive

2014-06-16 00:00:00

Chevron Bangladesh has launched its blood donation drive 2014 marking the World Blood Donor Day observed on Saturday. The drive in Dhaka was inaugurated by Chevron Bangladesh President Geoff Strong. On the first day of the drive on Sunday, employees...

exchange rate

2014-06-16 00:00:00

Photo: BEIJING: An employee pushing shopping carts outside a supermarket

2014-06-16 00:00:00

G77 summit hopes to reach anti-poverty targets of MDGs

2014-06-16 00:00:00

SANTA CRUZ, Bolivia, June 15 (BSS): The "Commemorative Summit of G77 and China" began here Saturday evening (June 14) with attendance of  the leaders of developing nations including Bangladesh president Abdul Hamid to draft a global anti- poverty agenda, reports...

Bangladesh well on course to be a middle income country by 2021: Foreign minister

2014-06-16 00:00:00

Foreign Minister A H Mahmood Ali has said Bangladesh was set on due course to be a middle income country by 2021 as he presented a keynote paper at the British parliament, a foreign office statement said  in  Dhaka Sunday....

Japan readies to unshackle big pension fund

2014-06-16 00:00:00

TOKYO, June 15 (AFP) : Japan's government is readying to unfetter its huge public pension fund, freeing managers to dump low-yield sovereign bonds and go in search of higher, but riskier returns, in a move that could see cash flood...

PM urges people to plant more fruit trees

2014-06-16 00:00:00

Prime Minister Sheikh Hasina Sunday called upon the people to plant more fruit trees. In a message, on the eve of the 'Fruit Tree Plantation Fortnight and National Fruit Exhibition', she wished success of the annual event from June 16...

News in Brief

2014-06-16 00:00:00

China seeks spending fix as economy wobbles SHANGHAI, June 15 :  China is unlikely to resort to the kind of spending splurge that saw it through the 2008 financial crisis to deal with its slowing economy, analysts say, but recent...

Paddy purchase drive risks being doomed to failure

Yasir Wardad | 2014-06-16 00:00:00

Paddy procurement target is unlikely to be achieved this boro season due to higher market price, officials said.   The government's food grain procurement drive showed a mixed trend as rice and wheat purchase was better, but paddy procurement was not...

Ctg traders rule out price hike in Ramadan

Our Correspondent | 2014-06-16 00:00:00

CHITTAGONG, June 15: Traders in a meeting ahead of the upcoming month of Ramadan said the consumers would not see any price hike during the month, as there were sufficient stocks of essential items in the wholesale market. Importers and...

Oil bosses meet in Moscow amid Ukraine crisis

2014-06-16 00:00:00

MOSCOW, June 15 (AFP): Energy chiefs and political titans gather in Moscow this week for a major conference that will highlight the West's desire to pursue oil investments in Russia despite the Ukraine crisis. With oil prices hitting nine-month peaks...

Gazprom reduces gas to Ukraine

2014-06-16 00:00:00

Russian natural gas exporter Gazprom reduced supplies to Ukraine on Monday after Kiev failed to meet a deadline to pay off its gas debts in a dispute that could disrupt supplies to the rest of Europe. Announcing that Ukraine will...

Global Commodity Prices

2014-06-16 00:00:00

Key index dips below 4,400 points-mark

FE Report | 2014-06-16 00:00:00

Stocks witnessed sharp decline Sunday with key index of the prime bourse dipped below 4,400 points mark as investors went for selling spree on textile, pharmaceuticals and fuel and power stocks. DSEX, the prime index of the Dhaka Stock Exchange...

‘Help poor senior citizens with CSR fund’

FE Report | 2014-06-16 00:00:00

Bangladesh Bank (BB) Governor Dr Atiur Rahman urged all the banks and non-banking financial institutions (NBFIs) Sunday to come forward with their corporate social responsibility (CSR) fund for the country's destitute senior citizens. Mr Rahman said this while formally inaugurating...

DBBL, IEB ink accord on e-Payment

2014-06-16 00:00:00

Dutch-Bangla Bank Limited (DBBL) and the Institution of Engineers, Bangladesh (IEB) have signed an agreement recently on e-Payment of membership fees and other charges through DBBL Nexus Payment Gateway by using DBBL Nexus Debit Card and MasterCard & Visa card...