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Photo: MADRID: Spain\\\'s new king-in-waiting, Prince Felipe, (L) and his wife Letizia

2014-06-06 00:00:00

Relocate Hazaribagh tanneries to Savar on time, or face shutdown

2014-06-06 00:00:00

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...

Formulation of overseas job policy at final stage

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...

\\\'Export to TPS-OIC member countries soon\\\'

2014-06-06 00:00:00

Finance Minister Abul Maal Abdul Muhith said Thursday the country would be able to give a big boost to its export basket as it is going to start exporting goods to the TPS--OIC member countries, reports BSS. The Trade Preferential...

France\\\'s Hollande seeks to widen BNP Paribas fine debate

2014-06-06 00:00:00

WASHINGTON, June 5 (Reuters):  French President Francois Hollande sought to widen the basis of his fight against a possible $10 billion U.S. fine facing bank BNP Paribas ahead of a meeting with Barack Obama on Thursday, warning of "consequences across...

Australians lose $100 million in coins each year

2014-06-06 00:00:00

SYDNEY, June 5 (AFP) :  Australians lose more than $100 million worth of coins down the back of sofas and car seats each year, the Royal Australian Mint said.  Mint chief executive Ross MacDiarmid told a government hearing that 255...

News in Brief

2014-06-06 00:00:00

Smartwear revolution promises healthier lives TAIPEI, June 5: A new generation of wearable technology is promising not only to log data about users' health but to predict and avert crises-from drivers falling asleep at the wheel to runners wearing themselves...

Knife falls on MoA as budget unveiled

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

Agriculture ministry's allocation saw a reduction of 0.85 percentage point in terms of total budgetary allocation in the just-announced budget for 2015 fiscal year compared with that of the revised budget for FY'14. Subsidy for the farm sector also decreased...

Gold holds near 4-month low

2014-06-06 00:00:00

SINGAPORE, June 5 (Reuters): Gold was little changed near a four-month low on Thursday, but faced a risk of more losses if the European Central Bank meets expectations to cut rates, a move that could strengthen the dollar and hurt...

Tax waiver on livestock sector foods, equipment

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

Livestock sector, including poultry, dairy and fisheries industries, got tax waiver on importing 13 categories of foods and equipments in the proposed budget for FY 15. The poultry and dairy industries have been proposed to enjoy zero per cent import...

Oil prices dip on easing Ukraine tensions

2014-06-06 00:00:00

LONDON, June 05 (AFP): Oil prices fell Thursday on easing concerns over potential supply disruptions after Russian President Vladimir Putin held out a hand to crisis-hit Ukraine, traders said. US benchmark, West Texas Intermediate for delivery in July, dropped 41...

London copper steady, global growth outlook supports

2014-06-06 00:00:00

SYDNEY, June 5 (Reuters): London copper was steady on Thursday, underpinned by robust U.S. economic data and comments from China suggesting it had warded off a slowdown in growth. Shanghai copper prices calmed despite worries about a probe into metals...

Chicago agricultural commodities futures market closes mixed

2014-06-06 00:00:00

CHICAGO, June 5 (Xinhua): Chicago agricultural commodities futures traded mixed yesterday, with corn dropping while wheat and soybean rising. The most active corn contract for July delivery dropped 2 cents, or 0.44 per cent, to close at 4.5625 dollars per...

Russia, China inch toward another gas contract

2014-06-06 00:00:00

MOSCOW, June 5 (Xinhua): Russia and China could soon sign another major contract on gas pipeline construction project after they signed a landmark 30-year gas deal in Shanghai during Russian President Vladimir Putin's state visit in May, a senior Russian...

Thai exporters raise 2014 rice export forecast to 9m tones

2014-06-06 00:00:00

BANGKOK, June 5 (Reuters): The Thai Rice Exporters Association said on Wednesday it expected the country to export 9 million tonnes of rice in 2014, up from its forecast of 7.5 million tonnes made early this year. "It is because...

Global Commodity Prices

2014-06-06 00:00:00

Photo: KOTA BHARU, Malaysia : Local women traders sell their goods

2014-06-06 00:00:00

When the US needs support, Europe pleads poverty

John Lloyd of Reuters | 2014-06-06 00:00:00

The United States has troubles. This was the subtext of President Barack Obama's speech at the United States Military Academy at West Point last week. The latest trouble is the raw ambition of Russian President Vladimir Putin to dominate as...

Save Dhaka—prevent further deterioration

Jafar Ahmed Chowdhury | 2014-06-06 00:00:00

In spite of many achievements in the socio-economic arena of Bangladesh, the country lags behind in providing necessary civic facilities to its citizens. The city of Dhaka is a glaring example of the extreme inadequacies of such facilities. Buildings are...

Dealing with transit

2014-06-06 00:00:00

The government's less than resolute stand in dealing with matters on transit in bilateral or regional negotiations is due, as is commonly believed, mainly to unprofessional handling. At the heart of the matter, there is an appalling lack of expertise,...

Piketty, inequality and Bangladesh

M.G. Quibria | 2014-06-06 00:00:00

Although somewhat unknown in Bangladesh, Thomas Piketty, an economics professor at Paris School of Economics, is now possibly the most well-known economist in the world. He has written a book on inequality that has taken the West by storm. Entitled...

Subsidy should not create distortion

Md. Mosarraf Hossain | 2014-06-06 00:00:00

Jute, the golden fibre, is one of the most important export item of Bangladesh and it generates a significant sum of foreign exchange. In order to promote this sector, Bangladesh government provides cash incentive to jute yarn and jute goods...

Corporal punishment is an act of terrorism in the classroom

2014-06-06 00:00:00

I am a former teacher of Mastermind School, Dhaka. I would like to express the sympathy that has always been in my heart, for children affected by corporal punishment in the schools of Bangladesh. Having read a heart-felt article by...

Indo-Bangla ODI series: A test for the Tigers

2014-06-06 00:00:00

The Indian national cricket team will tour Bangladesh soon. India's tour will consist of only three one-day international matches. The outcome of the series will be very interesting. India has opted for resting their main players. This will surely reduce...

World Cup fever grips the country

2014-06-06 00:00:00

A group of youth and children has hung a big flag of Argentina near my home in the city. They are taking pride in the fact that theirs is the biggest flag in the locality - much bigger than any...

Unemployment and corruption

Md Jamal Hossain | 2014-06-06 00:00:00

The fact that unemployment causes corruption is well established and makes sense both from common observations and rigorous theoretical points of view. However, the fact that corruption also causes unemployment can struck one as a total surprise. To make an...

A deep look into the present-day realities of Bangladesh

Zaglul Ahmed Chowdhury reviewing the book | 2014-06-06 00:00:00

Bangladesh is negotiating a difficult path in the present-day global scenario as it is beset with myriad problems that a developing nation, having its own characteristics, generally faces. Nevertheless, the country of 160 million people is making remarkable strides on...

Govt for reforming local bodies

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

Finance Minister AMA Muhith has laid emphasis in the proposed budget on reforming the local government institutions and creating a specialised bureaucracy to run those. It will be part of the government plan to strengthen the local government institutions with...

Tk 7.27 billion allocated for EC

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

The government has allocated Tk 7.27 billion for the Election Commission (EC) in the proposed budget for the fiscal year (FY), 2014-15, to conduct local government elections in some areas. Of the amount, Tk 5.13 billion has been proposed for...

19-party to stage countrywide demonstration Monday

Ruhul Kabir Rizvi | 2014-06-06 00:00:00

The BNP-led 19-party alliance will stage demonstrations across the country Monday protesting the 'growing' incidents of killing, forced disappearance and abduction, reports UNB. BNP joint secretary general Ruhul Kabir Rizvi announced the programme at a press briefing at the BNP's...