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Global private wealth rises to $152tn

2014-06-10 00:00:00

The amount of private wealth held by households globally surged more than 14% to $152 trillion last year, boosted mainly by rising stock markets. Asia-Pacific, excluding Japan, led the surge with a 31% jump to $37tn, a report by Boston...

Bangladesh model of economic dev: PM

2014-06-10 00:00:00

Prime Minister Sheikh Hasina has urged Chinese business leaders to invest in Bangladesh. Addressing a seminar on ‘Bangladesh Marching Ahead’ organised by the China Council for the Promotion of International Trade in Beijing on Tuesday, the Prime Minister described Bangladesh...

Ministers for closing down traditional brick kilns

2014-06-10 00:00:00

Two ministers have blamed the traditional brick kilns for environmental pollution and pitched for closing them down with a definite time frame. Finance Minister AMA Muhith said a timeframe has to be set to eliminate conventional brick fields from the...

TIB for disclosing defence budget details in current JS session

2014-06-10 00:00:00

Appreciating the Finance Minister for his assurance that detailed information about the country’s defence expenditure will be disclosed in the future, Transparency International Bangladesh (TIB) on Tuesday demanded that the disclosure be made in the current session of parliament. In...

Rivlin elected as Israel\\\'s 10th president

2014-06-10 00:00:00

Reuven Rivlin, a far-right member of Israel's ruling Likud, was on Tuesday elected by parliament to be the nation's 10th president when Shimon Peres steps down in July, the speaker said. Announcing the results of a run-off vote, parliamentary speaker...

N’ganj-5 by-polls: Candidates get symbols

2014-06-10 00:00:00

The Returning Officer on Tuesday distributed election symbols to the four candidates contesting the Narayanganj-5 by-polls slated for June 26. RO Mihir Sarwar Morshed allotted the symbols among the candidates at the conference room of the deputy commissioner’s office in...

BD-Myanmar border talks begin at Nay Pyi Taw

2014-06-10 00:00:00

A four-day director general level border talks between Border Guard Bangladesh (BGB) and Myanmar’s Border Guard Police (BGP) began at Nay Pyi Taw in Myanmar on Tuesday. A joint record of discussions (JRD) is expected to be signed on Thursday...

Order on charge-framing against Mufti Izhar June 25

2014-06-10 00:00:00

A court in Chittagong will pass its order on June 25 whether nayeb-e-ameer of Hefajat-e-Islam Mufti Izharul Islam and his son Harun Izharul will be indicted in a case filed under the Acid Control Act in connection with a bomb...

UAE in initial accord with US to fight tax evasion

2014-06-10 00:00:00

The UAE finance ministry said Tuesday it has reached an agreement in principle with the United States to cooperate with Washington in its fight against tax evasion. Starting from July 1, the US Foreign Account Tax Compliance Act (FATCA) will...

BD awarded ‘WSIS Prize’

2014-06-10 00:00:00

Bangladesh has been awarded the prestigious ‘World Summit on Information Society (WSIS) 2014 Prize’ at the WSIS+10 high-level event of International Telecommunication Union (ITU). State Minister for Information and Communication Technology Zunaid Ahmed Palak received the prize at the ITU...

Over 0.97m criminal cases pending with courts

2014-06-10 00:00:00

Some 972,019 criminal cases have remained pending with various courts in the country for more than five years, Law Minister Anisul Huq told Parliament Tuesday. Of them, 253,832 cases are pending with various courts under the district judgeships, and the...

Foreign friends to get new crests

2014-06-10 00:00:00

Foreign friends in Bangladesh’s War of Independence will be given new gold crests following allegations of less gold being used in the crests to honour them. The Ministry of Liberation War Affairs has said this in reply to a legal...

Chinese president for better ties with Bangladesh

2014-06-10 00:00:00

Chinese President Xi Jinping has told Sheikh Hasina his country wants a better strategic relationship with Bangladesh. The prime minister met the Chinese leader Tuesday, the fifth day of her official visit, at the Great Hall of the People in...

Raushan, Ershad differ on budget

2014-06-10 00:00:00

Opposition chief Raushan Ershad, who had so far kept her conflict with HM Ershad well under wraps, has made it public through her budget reaction. Jatiya Party chief Ershad had dubbed the proposed budget ‘unrealistic’ but Raushon said three days...

5 judges made permanent in HC

2014-06-09 00:00:00

Five more judges of the High Court have been made permanent. They are Justice Ashish Ranjan Das, Justice Mahmudul Hoque, Justice Md Badruzzaman, Justice Zafar Ahmed and Justice Kazi Md Ejarul Haque Akondo.The President in consultation with the Chief Justice...

8 gamblers jailed in Joypurhat

2014-06-09 00:00:00

A mobile court in Joypurhat convicted eight gamblers and sentenced them to four days jail each on charge of gambling in Kalai upazila of the district on Sunday. Ramjan Ali, Officer in charge of Kalai Thana, said a team of...

Asia shares broadly up

2014-06-09 00:00:00

Asian markets mostly rose on Monday, buoyed by another record close on Wall Street in response to an impressive US jobs report, an upward revision of Japanese economic growth and healthy Chinese export figures. The euro ticked up as the...

ACC sues DG Food for alleged corruption

2014-06-09 00:00:00

The Anti-Corruption Commission (ACC) has filed a case against Director General of Food Ahmed Hossain Khan for allegedly committing corruption in a project of the World Bank (WB). ACC Deputy Director M Mafidul Islam filed the case against him with...

Modi govt makes economic revival \\\'paramount\\\' goal

2014-06-09 00:00:00

India's new government pledged Monday to fix the flagging economy and provide water, power and toilets to every home as it laid out its agenda following Prime Minister Narendra Modi's landslide election victory. In an address to both houses of...

AGM of NCCB Securities & Financial Services held

2014-06-09 00:00:00

The 4th Annual General Meeting (AGM) of NCCB Securities & Financial Services Ltd was held recently at NCC Bank Head Office in the city. Chairman of NCCB Securities and Financial Services Ltd. Md. Nurun Newaz Salim presided over the meeting...

Nissan unveils newest all-electric vehicle

2014-06-09 00:00:00

Nissan on Monday unveiled its second all-electric vehicle, the Japanese automaker's latest push into the eco-friendly car sector despite disappointing sales. The company said its e-NV200, a zero-emission commercial van, can drive 190 kilometres on a full charge, and doubles...

Tofail rules out price hike of essentials in Ramadan

2014-06-09 00:00:00

Commerce Minister Tofail Ahmed on Monday promised effective measures to keep prices of essentials under control during Holy Ramadan, the month of fasting of the Muslims. ‘Today we have held talks with chairmen of several big business groups. They have...

Stocks see sharp rise

FE Online Report | 2014-06-09 00:00:00

Stocks ended higher on Monday after previous session’s sharp decline as investors went for buying spree on lucrative stocks amid optimism. The market opened with a positive trend and the uptrend continued till the market closure. Eventually, DSEX, the prime...

Iran, US hold talks in Geneva for nuclear deal

2014-06-09 00:00:00

Senior Iranian and US officials were poised to hold direct talks in Geneva Monday aimed at bridging gaps on Tehran's disputed nuclear programme ahead of a July deadline for a deal. For the Islamic republic, the goal is to make...

Assad announces \\\'general amnesty\\\'

2014-06-09 00:00:00

Syrian President Bashar al-Assad on Monday announced a "general amnesty" for all crimes committed to date, state television said, without giving further details. The channel cited Justice Minister Najem al-Ahmad as saying the decree was issued in the context of...

Gap to be first US retailer to sell \\\'Made in Myanmar\\\' goods

2014-06-09 00:00:00

High street giant Gap is to become the first American retailer to source garments made in Myanmar, the US embassy in Yangon said, over a decade after sanctions against the former junta slashed the country's textile industry. The US embassy...

Asia shares mostly up

2014-06-09 00:00:00

Asian markets mostly rose Monday, buoyed by another record close on Wall Street in response to an impressive US jobs report, an upward revision of Japanese economic growth and healthy Chinese export figures. The euro ticked up as the upbeat...

BNP demands arrest of Rab addl DG

2014-06-09 00:00:00

BNP on Monday demanded the arrest of Rab additional director general Col Ziaul Ahsan for his reported involvement in extrajudicial killings and making many people, including opposition leaders and activists, disappeared. “Why step is not taken to arrest Rab additional...

Army chief calls on President

2014-06-09 00:00:00

Chief of Army Staff General Iqbal Karim Bhuiyan paid a courtesy call on President Abdul Hamid at Bangabhaban on Monday. During the meeting, General Iqbal Karim apprised the President of various activities of Bangladesh Army. The President expressed satisfaction over...

BSF forces work to stop on Benapole check-post

2014-06-09 00:00:00

Work on constructing a boundary wall of the immigration check-post site in Benapole was halted after protests by members of the Indian Border Security Force (BSF) on Monday. Manir Hossain, officer-in-charge of Benapole police immigration, said the BSF members forced...