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Bangladesh, Malaysia partners in trade, \\\'not competitors\\\'

FE Report | 2014-06-11 00:00:00

Malaysian High Commissioner in Dhaka Norlin Othman said Monday Bangladesh and Malaysia were not competitors, rather they were complementing each other on the trade front and producing products together to sell those in the global market after meeting domestic demands....

Proposed budget \\\'time-befitting, investment-friendly\\\'

2014-06-11 00:00:00

Treasury bench members Tuesday described the proposed national budget for the fiscal year 2014-15 as time-befitting, pragmatic and investment-friendly, reports BSS. Taking part in a general discussion on the proposed national budget in parliament, they said the budget is not...

News Briefs

2014-06-11 00:00:00

India can pare 'fiscal deficit without hurting people' NEW DELHI, June 10: India can easily cut down its fiscal deficit without hurting people, if there is enough political will, a senior finance ministry official, in personal capacity, said on Tuesday....

Photo: First Security Islami Bank Limited donated Tk. 10 million to Bangladesh Air Force Women\\\'s Welfare Society (BAFWWA)

2014-06-11 00:00:00

Light engineering sector needs govt help

Our Correspondent | 2014-06-11 00:00:00

CHITTAGONG, June 10: The light engineering industries in the port city of Chittagong are beset with manifold problems including shortage of capital, skilled workforce and lab test facilities. The authorities concerned should create a cluster of light engineering enterprises in...

Banglalink honours best staff

FE Report | 2014-06-11 00:00:00

Banglalink, the country's second largest telecom service provider, has honoured the best performing staff of the company under its 'Employee Awards Programme 2014'. In this connection, a function was organised in the city recently attended by Chief Information & Customer...

Milk Vita, FAO distribute milk among kids in Ctg

Our Correspondent | 2014-06-11 00:00:00

CHITTAGONG, June 10: The Milk Vita and the FAO (Food and Agricultural Organisation) jointly distributed milk among the school children in the port city today. The milk was distributed marking the World Milk Day. At least 1,000 school kids were...

Unrest, coup curb investment proposals in Thailand

2014-06-11 00:00:00

BANGKOK, June 10 (Reuters): The value of applications to invest in Thailand fell 42 per cent in January-May from a year earlier, the Board of Investment (BOI) said on Tuesday, referring to a period of political unrest culminating in a...

Philippine jobless rate declines to 7pc in April

2014-06-11 00:00:00

MANILA, June 10 (Xinhua): Unemployment rate in the Philippines declined to 7 per cent in April from 7.6 per cent registered in the same period last year, local statistics agency said Tuesday. Figures from the Philippine Statistics Authority (PSA) showed...

Bangladesh coastguard finds five dead after clash on migrant ship

AFP | 2014-06-11 00:00:00

Bangladesh's coastguard Wednesday found five dead and nearly 200 injured on a stricken people-smuggling boat it rescued in the Bay of Bengal after clashes between the would-be migrants and crew, officials said. More than 300 people including two Thai crew...

Emerging countries waver, advanced economies expand: OECD

2014-06-11 00:00:00

PARIS, June 10 (AFP): Emerging economies China, Russia and Brazil are showing signs of slowing down but advanced economies are growing steadily, the Organisation for Economic Cooperation and Development (OECD) said on Tuesday. The findings of these so-called leading indicators...

exchange rate

2014-06-11 00:00:00

Photo: TOKYO: Customers shopping at Japan\\\'s casual apparel giant Uniqlo

2014-06-11 00:00:00

China inflation hits 4-month high in May

2014-06-11 00:00:00

BEIJING, June 10 (AFP) : China's annual inflation rose sharply in May to its highest level in four months, official data showed Tuesday, easing concerns about deflationary risks in the world's second-biggest economy. The consumer price index increased 2.5 per...

Organic fruit festival held at CISD in city

2014-06-11 00:00:00

The Cardiff International School, Dhaka (CISD), a leading English-medium school in the capital, Tuesday arranged a "Seasonal Organic Fruits Festival" to give the new generation a taste of chemical-free fruits as well as acquaint them with local fruits, reports BSS....

Walton to export mobile phones to Nepal

2014-06-11 00:00:00

Bangladeshi electronics brand Walton is going to start exporting its mobile phones to Nepal very soon.  Walton has already gained its footing in the electronics market in Nepal with its low-cost but high quality products, including refrigerator, television and air...

News in Brief

2014-06-11 00:00:00

Victims of 2004 Ion crash sue GM to reopen case New York, June 10: Victims of the crash of a Saturn Ion in 2004 have filed a lawsuit against General Motors Co to reopen a settlement and accusing the automaker...

Local home textile products attracting increasing number of global buyers

Shah Alam Nur | 2014-06-11 00:00:00

Bangladeshi home textile has been emerging as top most preferable destination for the international buyers thanks to better quality, competitive prices and diversity of products, sector insiders said. For fulfilling the increasing demand of the international buyers most of the...

TCB launches sale of essentials in Rangpur division

2014-06-11 00:00:00

RANGPUR, June 10 (BSS): The Trading Corporation of Bangladesh (TCB) launched sale of essential goods at fair prices ahead of the holy month of Ramadan through authorised TCB dealers in all eight districts of Rangpur division from Tuesday. Mayor of...

Oil prices extend gains in Asia

2014-06-11 00:00:00

SINGAPORE, June 10 (AFP) : Oil prices extended their gains in Asia Tuesday as investors cheered robust economic data from the US, China and Japan, with the breakdown of initial Ukraine-Russia talks to avert a gas cut-off also boosting prices....

OPEC expected to maintain current production: Kuwait

2014-06-11 00:00:00

KUWAIT CITY, June 10 (AFP) :  Kuwait expects the Organisation of Petroleum Exporting Countries to keep the oil production ceiling unchanged so as not to alter prices, the wealthy Gulf country's oil minister said on Tuesday. Asked if he believes...

Global Commodity Prices

2014-06-11 00:00:00

Rapid upgradation in accounting, disclosure practices a must, says BB Governor

FE Report | 2014-06-11 00:00:00

Bangladesh Bank Governor Atiur Rahman Tuesday said deficiencies in accounting and financial disclosure practices are keeping big companies at bay. "Because of deficiencies in accounting and financial disclosure practices still prevalent in business environments of many developing economies like Bangladesh,...

Bourses to meet finance minister tomorrow

FE Report | 2014-06-11 00:00:00

Dhaka stocks ended Tuesday's session marginally lower after a sharp rise of previous session reflecting the investors' cautious attitude, the insiders said. The price indices showed minor volatility during the trading hours at the Dhaka Stock Exchange (DSE) and at...

Govt may shut tanneries if they are not relocated by Dec

FE Report | 2014-06-11 00:00:00

The government is set to take tough action against the tanners who will be unable to relocate their factories by December this year, and start production from March next year, a top Tannery Estate project official said Tuesday. "Tanners may...

News Briefs

2014-06-11 00:00:00

Sonali Bank MD gets extension Service of Sonali Bank Ltd Managing Director (MD) and CEO Pradip Kumar Dutta has been extended for one year since June 17, 2014, said a press release of the bank. After the much-talked about Hall-Mark...

Photo: The Association of Asset Management Companies and Mutual Funds\\\' members

2014-06-11 00:00:00

Photo: ACI Formulations Limited held its 18th Annual General Meeting

2014-06-11 00:00:00

Asian Int\\\'l Trade Fair begins in city on June 18

FE Report | 2014-06-11 00:00:00

The 8th Asian International Trade Fair 2014 will kick off on June 18 at the Bangabandhu International Conference Centre. This was disclosed at a press conference organised by Conference and Exhibition Management Services Ltd USA (CEMS-Global USA) in association with...

European stock markets diverge

2014-06-11 00:00:00

LONDON, June 10 (AFP): European stock markets were mixed on Tuesday, with Frankfurt and Paris rising slightly and London falling amid a lack of activity. London's FTSE 100 index of top shares slid 0.53 per cent to stand at 6,838.14...