LONDON, June 5 (AFP): European stock markets largely steadied on Thursday as investors sat tight on mounting expectations that the ECB is set to announce cuts to eurozone interest rates. Frankfurt's DAX 30 index fell 0.13 per cent to 9,913.88...
ICB Asset Management Company Limited (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), disclosed the following total net asset value (NAV) of different mutual funds (MFs) at the close of business operation on June 4, 2014, said a...
ICB Asset Management Company Limited (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), disclosed the following total net asset value (NAV) of four open-end mutual funds (MFs) at the close of business operation on June 4, 2014, said...
FE Report | 2014-06-06 00:00:00
Finance minister has proposed reduction of tax at source and duty withdrawal for the imports of prefabricated building raw materials and safety equipment as the textile and clothing industry struggles to meet global retailers' standards. The finance minister has proposed...
FE Report | 2014-06-06 00:00:00
Terming most of the Bangladeshi readymade garment (RMG) factories compliant, British High Commissioner in Dhaka Robert Gibson on Thursday said his country is "sincerely" looking into the matter so that workers are not affected from the factory shutdown. "Most of...
FE Report | 2014-06-06 00:00:00
The government has allocated Tk 25.7 billion for the projects to be implemented under public private partnership (PPP) in 2015 fiscal year. The PPP budget is 3.4 per cent of the total allocation of the physical infrastructure that is set...
FE Report | 2014-06-06 00:00:00
Necessary amendment to the Code of Civil Procedure (CPC) is underway to support the Alternative Dispute Resolution (ADR) in order to remove legal hassles in business, Finance Minister AMA Muhith said in his budget speech Thursday. "In order to remove...
FE Report | 2014-06-06 00:00:00
Transfer Pricing Cell will start functioning from July 1 at the National Board of Revenue (NBR) for preventing money laundering and tax evasion, the finance minister in his budget speech said. Besides, three more taxpayers service centres will be opened...
FE Report | 2014-06-06 00:00:00
Finance minister AMA Muhith said four new Boeing 787-800 planes will be added to the Biman fleet by 2019. In his budget speech, he said in order to improve passenger service two Boeing 777-300 aircraft have been procured and procurement...
FE Report | 2014-06-06 00:00:00
Allocation for the education sector in the proposed budget is Tk 292.13 billion, development and non-development budget combined, against Tk 250.93 billion in the fiscal year (FY) 2013-2014. The amount, one of the highest allocations, account for 12.4 per cent...
FE Report | 2014-06-06 00:00:00
The budget for 2014-15 has exempted taxes on interest income from investment on pensioners' savings certificate and wage earners' bond up to Tk 500,000. Presently, the rate of tax at source is 5.0 per cent on pensioner savings certificate and...
A 10-day exhibition of water colour paintings, titled ‘Waves of Colour’, began in the capital Friday. South Korean Ambassador to Bangladesh Lee Yun-Young inaugurated the exhibition at Gallery Cosmos-2 in the capital’s Mohakhali DOHS area. Chairman of Gallery Cosmos and...
NEW DELHI, June 5 (Economic Times) : Finnish telecom giant Nokia Thursday said it has completed the acquisition of the Australian company Mesaplexx Pty Limited in order to boost its radio capabilities in the networks business. Mesaplexx has unique know-how...
Five economic zones to be set up in country The government has decided to establish five economic zones at different places to attract more foreign investment in the country. Finance Minister AMA Muhith disclosed this in Parliament Thursday while placing...
FE Report | 2014-06-06 00:00:00
Finance Minister AMA Muhith said Thursday the government has taken steps to implement scientific land management and digitise the land records system for attracting investment to the agricultural and industrial sectors. He said the core targets of the government are...
FE Report | 2014-06-06 00:00:00
Finance Minister AMA Muhith, instead of making any fresh allocation for combating the impacts of climate change, on Thursday proposed to cut its spending for the same in the future. The minister in his budget speech said initiatives will be...
China is expecting a positive outcome on its discussions with Bangladesh during Prime Minister Sheikh Hasina's China visit over a deep seaport at Sonadia in Cox's Bazar, said its ambassador Li Jun in the capital Thursday. The envoy made the...
HANOI, June 5 (AFP): Vietnam's prime minister pledged Thursday to step up economic reforms and prevent a repeat of riots targeting foreign-owned factories, seeking to reassure nervous investors. Nguyen Tan Dung said the mid-May unrest, in which Beijing says four...
A 24-member business delegation of Dhaka Chamber of Commerce and Industry (DCCI), led by its President Mohammad Shahjahan Khan, left Dhaka Thursday for attending the 9th China-South Asia Business Forum in Kunming, reports UNB. The DCCI attends the China-South Asia...
TOKYO, June 5 (AFP) : The yen ticked up in Asia on Thursday as cautious investors bought the unit on the back of weak US jobs data and ahead of the European Central Bank's policy meeting. In Tokyo afternoon trading,...
VENTURA, California, June 5 (Reuters) : Microblogging platform Twitter Inc has been in talks with Berlin-based audio sharing website SoundCloud in its efforts to add a music service to its offering, the Financial Times reported citing people familiar with the...
Prime Minister (PM) Sheikh Hasina warned the tannery owners at Hazaribagh of the capital Thursday of dire consequence if they failed to relocate their tanneries in Savar within the stipulated time, reports UNB. "Construction of the central ETP in Savar...
FE Report | 2014-06-06 00:00:00
Finance Minister AMA Muhith in his budget speech said Thursday that the formulation of draft Overseas Employment Policy, 2014 by amending the existing one is at the final stage. He said so far we have opened 12 labour wings in...
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