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Indian economy: Overnight change is wishful thinking

B K Mukhopadhyay | 2014-06-05 00:00:00

The new Indian Prime Minister Narendra Modi very rightly asked his cabinet colleagues to set their 100-day agenda with the focus on efficient governance and implementation of programmes. Issues like price rise, agriculture and women's security will naturally be the...

Obama condemns Russian dark tactics in Ukraine: Putin hits back at US aggression

2014-06-05 00:00:00

WARSAW, June 4 (agencies): President Barack Obama Wednesday condemned Russia's "dark tactics" and bullying in Ukraine and President Vladimir Putin hit back at American "aggression," as new venom deepened the worst US-Russia clash in decades. Obama met Ukraine's president-elect Petro...

Egypt president-elect Sisi faces tough task to restore stability

2014-06-05 00:00:00

CAIRO, June 4 (AFP): Abdel Fattah al-Sisi, who romped home in Egypt's presidential election after crushing Islamists, faces a tough task to restore stability and revive a battered economy amid fears of a return to autocracy. On Tuesday, the electoral...

Karachi on knife-edge after MQM chief arrest

2014-06-05 00:00:00

KARACHI, June 4 (agencies): For more than two decades, Altaf Hussain has wielded control of this freewheeling, violent city of 20 million half a world away from his drab London suburb home. His arrest Tuesday by British police has left...

Rahul Gandhi a backbencher in Lok Sabha

2014-06-05 00:00:00

NEW DELHI, June 4 (PTI):  After his reluctance to head Congress in the Lok Sabha, Rahul Gandhi was Wednesday seen sitting in one of the rear benches of the opposition. He was seen seated in the ninth row along with...

Boko Haram militants kill dozens in Nigeria

2014-06-05 00:00:00

Militants have killed dozens of people in fresh attacks in Nigeria, BBC reported Wednesday, reports Reuters. The Boko Haram militants attacked villages in Borno state in northern Nigeria. Residents of Attagara village, close to the Cameroonian border, said that armed...

news digest

2014-06-05 00:00:00

Hague tribunal asks China to defend sea claims MANILA, June 4: A Hague-based tribunal has asked China to submit evidence defending its territorial claims in the South China Sea within six months despite Beijing's refusal to respond to a Philippine...

Detailed DSE Trading

2014-06-05 00:00:00

Little decrease in rice prices despite bumper Boro output

FE Report | 2014-06-05 00:00:00

Despite there being a bumper Boro production this year, prices of rice have not decreased to the expected level, consumers claimed. Prices of different varieties of rice, both finer and course, have witnessed just a 5.0-6.0 per cent fall at...

Bangladesh grain imports likely to rise 22pc

2014-06-05 00:00:00

Bangladesh's grain imports are likely to rise 22 per cent to 1.1 million tonnes in the new financial year beginning in July, as the state grains buyer aims to secure food supplies, reports Reuters. The state grains purchasing agency will...

CMAs seek certifying authority like CAs

FE Report | 2014-06-05 00:00:00

Speakers at a pre-budget discussion Tuesday said cost and management accountants (CMAs) should have the certifying authority like chartered accountants (CAs) under different provisions of tax regulations. "As both CAs and CMAs are equally recognised in the ITO-1984 and Companies...

Strong competition for good liquoring varieties

FE Report | 2014-06-05 00:00:00

The weekly tea market in Chittagong Tuesday opened with a positive note which improved gradually as the sale, according to a market report. There was more demand this week particularly for the improved liquoring varieties. Blenders lent more support but...

Oil prices rise ahead of US supply report

2014-06-05 00:00:00

LONDON, June 4 (AFP): Oil prices edged higher on Wednesday as investors awaited the latest US supply report for clues about demand in the world's biggest crude consumer. The US benchmark, West Texas Intermediate for delivery in July, gained 63...

Wheat rebounds from 3-month low

2014-06-05 00:00:00

PARIS, June 4 (Bloomberg): Wheat rebounded from the lowest level in more than three months amid speculation the longest slump in 15 years may spur demand and as recent rainfall failed to improve the crop's condition in the US. Wheat's...

Padma Bridge to be ready by 2018

2014-06-05 00:00:00

The 6.5-kilometer Padma Multipurpose Bridge will be constructed by 2018, Finance Minister AMA Muhith said in his budget speech Thursday terming it the government’s top priority project, according to a news agency . “The construction of Padma Bridge is underway...

Gold holds near 4-month low

2014-06-05 00:00:00

SINGAPORE, June 4 (Reuters): Gold was treading water on Wednesday, hovering near a four-month low hit in the previous session, as investors await U.S. economic data, amid increasing optimism about growth and sluggish bullion demand in Asia. Markets are eyeing...

Global Commodity Prices

2014-06-05 00:00:00

Photo:Crystal Insurance Company Limited

2014-06-05 00:00:00

WiMAX businesses having bumpy ride after 3G service

Jamal Uddin | 2014-06-05 00:00:00

The WiMAX business is facing a blow following a major expansion of 3G (third generation) internet service by the mobile phone operators since October last year. As a result, the companies providing WiMAX facility are planning to introduce LTE (Long...

Business brass to urge China to ramp up BD garment imports

Talha Bin Habib | 2014-06-05 00:00:00

Bangladeshi business leaders will urge their Chinese counterparts to bump up apparel imports from Bangladesh, helping to raise the share to at least 10 per cent, the head of the country's apex trade body said.    "China imports apparel products worth...

ADB to release $100m loan for skills development

FE Report | 2014-06-05 00:00:00

The Asian Development Bank (ADB) has confirmed a US$100 million loan for Bangladesh to help create skilled manpower, preparing them for jobs at home and abroad. The amount is the first phase of the $350 million multi-tranche financing facility (MFF)...

European stocks end mixed after ECB ‘fireworks’

AFP | 2014-06-05 00:00:00

LONDON: European stock markets ended mixed Thursday, getting only a brief boost after the European Central Bank cut its key interest rates to new all-time lows as part of a set of measures to prevent deflation. Frankfurt’s DAX 30 shot...

India likely to ease restrictions on foreign online retailers next month

2014-06-05 00:00:00

MUMBAI/NEW DELHI, June 4 (Reuters): India could allow global online retailers such as Amazon.com Inc to sell their own products as early as next month, removing restrictions that have held back competition in one of the world's biggest, and most...

FFs to get enhanced honorarium

2014-06-05 00:00:00

The country’s Liberation War heroes will get enhanced monthly honorarium with effect from July next, says Finance Minister AMA Muhith. ”We’ve raised to Tk 5000 the freedom fighters’ monthly honorarium at the behest of the Prime Minister to ensure their...

News Briefs

2014-06-05 00:00:00

MA Kashem new CGA Md Abul Kashem, a member of BCS Audit & Accounts Cadre of 1982 Batch, joined as Controller General of Accounts (CGA) of Bangladesh on Wednesday. Prior to his joining, he was additional director general (Finance) of...

Budget implementation will be challenging: Mirza Aziz

2014-06-05 00:00:00

Though the government has unveiled the largest-ever budget, its successful implementation will be a bit challenging for the government, says eminent economist Dr AB Mirza Azizul Islam. “It seems to me that the implementation of the budget will be a...

Photo: IFIC Bank Limited

2014-06-05 00:00:00

Plastic goods producers seek govt support

FE Report | 2014-06-05 00:00:00

Plastic goods manufacturers and exporters sought necessary policy support from the government to help the sector face the possible adverse impact of the mandatory Jute Packaging Act-2010 implementation. "We are not against the jute sector and there is no conflict...

Beijing Fair sees deals worth $81.83b

2014-06-05 00:00:00

BEIJING, June 4 (Xinhuanet): A total of 236 deals worth US$81.83 billion were signed during the third annual China (Beijing) International Fair for Trade in Services (CIFTIS), which concluded on June 1, 2014. A total of $35.5 billion were inked...

‘It was selection, not election on Jan 5’

2014-06-05 00:00:00

Describing the January 5 national election a ‘mockery’, eminent jurist Rafique-Ul Huq on Thursday told the High Court that it was rather selection than election as per the country’s constitution. “The so-called January 5 election was not election in the...