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Financial literacy fires up female entrepreneurship

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

A short training on business and financial literacy has opened up new opportunities for young women in Gazipur, helping them to become small entrepreneurs. Today, hundreds of housewives in the area, many of them had little exposure to business, have...

IPO Diary

2014-07-07 00:00:00

Latest NAV of RACE- managed MFs

2014-07-07 00:00:00

Photo: First Security Islami Bank Ltd

2014-07-07 00:00:00

Outflow outweighs inbound tourists

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

Every year on an average one million Bangladeshi tourists are going abroad spending a lot of money in foreign currencies, according to sources with local tour operators. Against this large number of outbound tourists, less than 50 thousand are coming...

Cement export prospect bright

Shah Alam Nur | 2014-07-07 00:00:00

Bangladesh is expected to be Asian hub of cement production soon for qualitative product diversification and use of environment-friendly technologies, industry-insiders said while seeking government support in paving the path for export of the surplus output in larger volumes. They...

No move to inject new life into BSCIC industrial plots

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

The government is yet to take any initiative to infuse fresh life into hundreds of industrial estates under the BSCIC, thus putting investors in dire straits, insiders said. Nearly 1,000 industrial plots of Bangladesh Small and Cottage Industries Corporation (BSCIC)...

Labour row clouds French job-creation summit

2014-07-07 00:00:00

PARIS, July 6 (AFP): French President Francois Hollande on Monday kicks off a summit with business leaders aimed at creating half a million vitally-needed jobs in return for lower taxes, but a labour row threatens to mar the event. The...

UK economy \\\'to beat France by 2020\\\'

2014-07-07 00:00:00

The UK's economy is set to overtake that of France by 2020 to become the second largest in Europe, according to forecasts by consultancy firm PwC, reports BBC. It says the UK's value is aided by the strength of the...

News Briefs

2014-07-07 00:00:00

France scrapping plan to raise tax on hotel stays PARIS, July 6: France is expected to scrap a planned hike in the tax levied on hotel stays after an outcry by the tourist industry, the Journal de Dimanche newspaper reported...

Photo: NRB Bank eBanking

2014-07-07 00:00:00

Photo: Islami Bank Bangladesh Limited

2014-07-07 00:00:00

Ctg, Mongla, Benapole ports struggle hard to cope with stockpile of undelivered cars

Rezaul Karim | 2014-07-07 00:00:00

Country's main two seaports Chittagong, Mongla and landport Benapole are struggling hard to cope with a huge number of undelivered cars those stockpiled due to complexities relating to customs, officials said. The cars lying undelivered for a long time are...

BoCom selected to clear yuan in South Korea

2014-07-07 00:00:00

BEIJING, July 6 (Xinhuanet): Shanghai-based Bank of Communications scored a first when it was designated by China's central bank as a yuan clearing bank in Seoul, the lender said in an e-mailed statement Friday. The People's Bank of China signed...

Indian Modi to unveil reform agenda in maiden budget

2014-07-07 00:00:00

NEW DELHI, July 6 (AFP): India's new government, led by right-winger Narendra Modi, Thursday unveils its maiden budget -- its first big policy statement on how it intends to overhaul an economy saddled with slow growth and weak public finances....

US co to invest $1.175b in Iran

2014-07-07 00:00:00

TEHRAN, July 6 (AFP): A US company has signed a preliminary agreement to invest US$1.175 billion (864 million euros) in Iran, in a rare joint commercial project to turn rubbish and human waste into electricity. California-based World Eco Energy told...

DIFC looks to Asia for next 10 yrs of growth

2014-07-07 00:00:00

DUBAI, July 6 (Gulf News): The Dubai International Financial Centre (DIFC) has helped grow Dubai's banking and financial industry from 6.0 to 7.0 per cent of Dubai's GDP in 2005 to more than 11 per cent today, after 10 years...

Malawi seeks economic freedom, after 50 years of independence

2014-07-07 00:00:00

BLANTYRE, Malawi, July 6 (AFP): As Malawi marks 50 years of freedom from colonial rule on Sunday, many local people say the country today is living in a new form of bondage: poverty. At an event in the capital Lilongwe,...

Japan hopes Ottawa trade talks result by end-year

2014-07-07 00:00:00

OTTAWA, July 6 (Reuters): Current trade talks in Ottawa between Japan, the United States and 10 other Pacific rim countries are key to advancing the planned Trans-Pacific Partnership (TPP) to its final stage by year-end, Japan's chief negotiator said on...

exchange rate

2014-07-07 00:00:00

Photo: ROME: Visitors walking by a fashion shop

2014-07-07 00:00:00

Cop, mugger hurt in city gunfight

2014-07-07 00:00:00

A police official and a mugger suffered bullet wounds in a gunfight in the city’s Eskaton Road Monday night. Police and witnesses said a group of muggers swooped on a businessman near the Janakantha Bhaban and snatched Tk 5.9 million...

Photo: JAKARTA, Indonesia: This picture taken in Jakarta on July 3, 2014 showing vehicles on a road in Jakarta.

2014-07-07 00:00:00

Amu for increasing capacity of industries on compliance

2014-07-07 00:00:00

Industries Minister Amir Hossain Amu  on Sunday stressed the need for increasing capacity of industries on compliance issue for surviving in the intensifying global competition. He also laid emphasis on upgrading the quality of locally produced goods to compete with...

Workers ransack foreign factory at CEPZ for wage hike

2014-07-07 00:00:00

CHITTAGONG, July 6 (BSS): The workers of a Readymade garment (RMG) at Chittagong Export Processing Zone (CEPZ) ransacked in a Hong Kong-based foreign factory, demanding wage hike and summer allowances on Sunday. CEPZ thana police said the workers were agitating...

‘Rates to stay low, Europe needs more investment’

2014-07-07 00:00:00

AIX-EN-PROVENCE, France, July 6 ( Reuters) : The European Central Bank will keep interest rates very low for a long period of time to ensure monetary stability but euro zone governments must do their part to boost growth and cut...

French company\\\'s bid for online VAT rejected

2014-07-07 00:00:00

The Cabinet Purchase Committee, the highest body to approve any public procurement, on Sunday rejected a French company's tender for installing a new online system of collecting value added tax (VAT), reports BSS. It asked the authorities concerned to call...

Chinese assets warm, not hot for Western investors

2014-07-07 00:00:00

LONDON, July 6 (Reuters) :  A flurry of initiatives by China to open up its currency, stock and bond markets inside and outside the country has failed so far to allay international investor concerns about performance, accessibility and liquidity. China...

Public investment needed to boost stalling world growth: IMF head

2014-07-07 00:00:00

AIX-EN-PROVENCE, France, July 6 (AFP) :  Governments must increase public investment to help drive the global recovery and help boost "less robust than expected" economic growth, IMF chief Christine Lagarde said Sunday. The head of the Washington-based International Monetary Fund...

Switzerland gets the edge on EU with China trade deal

2014-07-07 00:00:00

BASEL, Switzerland, July 6 (AFP) : Switzerland has one-upped its European Union neighbours with a free trade deal with China that its politicians and business sector say is crucial to boosting ties with the world's second-largest economy. The free trade...