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IPO Diary

2014-06-02 00:00:00

Saint Martin\\\'s marine park still elusive

Kamrun Nahar | 2014-06-02 00:00:00

The government could not establish a marine park, let alone eco-tourism, at the Saint Martin's Island in Cox's Bazar even eight years after a recommendation made to this effect by the supreme audit institution of the government. The Office of...

DBL Group\\\'s arm snags global energy efficiency award

FE Report | 2014-06-02 00:00:00

Jinnat Knitwears Limited, a concern of DBL Group, received 'CPI2 top factory award 2013-2014' Sunday for their excellent efforts in reducing energy consumption in its factory operations. CPI2 (Carbon Performance Improvement Initiative) project is an initiative by the German-based retailers...

Another \\\'border haat\\\' opens by year end

FE Report | 2014-06-02 00:00:00

Another 'border haat', a common marketplace for both Bangladeshis and Indians, is set to open before December next to boost bilateral trade, officials have said. "The construction work on the Tarapur-Kamalasagor border haat will begin immediately and will be completed...

News Briefs

2014-06-02 00:00:00

Mujibur, Asfakul new BCPA chairman and secy general The 34th Annual General Meeting (AGM) of the Bangladesh Crop Protection Association (BCPA) was held recently in the city. Siraj A Chowdhury, vice president of McDonald (Bangladesh) Pvt Limited acted as chairman...

Photo: GPH Group

2014-06-02 00:00:00

Photo: Real Estate and Housing Association Bangladesh (Rehab)

2014-06-02 00:00:00

Photo: Rangpur Dairy & Food Products Limited

2014-06-02 00:00:00

Telecom sector\\\'s share in GDP doubles over decade

Shamsul Huda | 2014-06-02 00:00:00

The posts and telecommunication service sector's share in the gross domestic product (GDP) has doubled over the last one decade and the average growth per year is 10 percentage points, according to the official statistics. The share of the sector...

UAE to ensure mandatory housing standard for workers

FE Report | 2014-06-02 00:00:00

The UAE government has taken an initiative to encourage employers to provide improved dormitory facilities with 'some mandatory housing standards' to expatriate workers they are engaging in business, factories and infrastructure projects. The Ministry of Labour (MoL) recently launched an...

Forex reserves fall

2014-06-02 00:00:00

Foreign exchange reserves slipped in May for the first time since December, Bangladesh Bank (BB) said on Sunday, reports Reuters. Reserves at the end of May eased to $20.23 billion from a record high of $20.37 billion the previous month,...

Austerity rejection a \\\'huge frustration\\\': Portugal PM

2014-06-02 00:00:00

LISBON, June 1 (AFP): Portugal's prime minister on Saturday vowed to overcome the "huge frustration" posed by the constitutional court's rejection of austerity measures in Lisbon's 2014 budget. Portugal's highest court on Friday turned down three out of four measures...

China cuts reserve ratio to tackle slowdown

2014-06-02 00:00:00

BEIJING, June 1 (Xinhuanet): The central government of China will not shift its policy direction amid the economic slowdown, but will intensify targeted financial easing in coming months, the State Council said in a statement on Friday. The statement, which...

RBI to hold first policy meet with Modi

2014-06-02 00:00:00

MUMBAI, June 1 (AFP): India's central bank holds its first monetary policy-setting meeting this week amid speculation its hawkish stance could bring it into conflict with the pro-growth policies of the new prime minister, Narendra Modi. Analysts say the central...

ECB ready to act to fight deflation

2014-06-02 00:00:00

FRANKFURT, June 1 (AFP): Financial markets are betting on an interest rate cut from the European Central Bank (ECB) next week as low inflation, the strong euro and anaemic credit finally spur it into action. The ECB has held its...

exchange rate

2014-06-02 00:00:00

Photo: Speaker Dr Shirin Sharmin Chaudhury presiding over the Parliament Secretariat Commission meeting

2014-06-02 00:00:00

Photo: MAZAR-I-SHARIF, Afghanistan: An Afghan labourer holding a shovel over his shoulders

2014-06-02 00:00:00

Photo: TAIPEI, Taiwan: A man walking past a billboard featuring Computex, Asia\\\'s leading IT trade fair,

2014-06-02 00:00:00

\\\'Growth, investment, poverty cut to get priority in next fiscal policy, allocation\\\'

2014-06-02 00:00:00

As Finance Minister AMA Muhith is set to announce the national budget later this week, people's expectation and speculation prompted that the next fiscal policy and outlay should draw their future dreams with cautious evaluation of past successes and failures,...

Women keep country\\\'s dev wheel moving: Chumki

2014-06-02 00:00:00

RAJSHAHI, June 1 (BSS):  State Minister for Women and Children Affairs Meher Afroz Chumki, MP, said here Sunday women are keeping the country's development wheel moving through their laudable contributions. She expressed the view that women are contributing a lot...

WTO DG due tomorrow

2014-06-02 00:00:00

World Trade Organisation (WTO) Director General Roberto Azevedo arrives in the capital tomorrow (Tuesday) on a two-day visit to discuss trade-related issues with government officials and private sector entrepreneurs, reports UNB. He will go to Kathmandu, Nepal and meet senior...

Smart lifestyle takes centre stage at Asia tech show

2014-06-02 00:00:00

TAIPEI,  June 1(AFP) : Asia's largest tech trade show will be a battleground for smart innovations when it kicks off in Taiwan Tuesday -- from car systems which warn when you are driving badly to a toothbrush-style camera that films...

China manufacturing up in May

2014-06-02 00:00:00

BEIJING, June 1 (AFP) : China's manufacturing activity strengthened to a five-month high in May, the government said Sunday, an optimistic sign amid slumping growth in the world's second-largest economy. The official purchasing managers index (PMI) reached 50.8 in May,...

‘Foreign investments fundamental source of growth’

2014-06-02 00:00:00

TRENTO, Italy, June 1 (Xinhua): Foreign investments are a "fundamental source of growth" for Italy, Italian Economy Minister Pier Carlo Padoan told Xinhua Saturday. Padoan, who was the former chief economist at the Organisation for Economic Co- operation and Development...

News in Brief

2014-06-02 00:00:00

S Korea exports fall 0.9pc in May SEOUL, June 1: South Korea's exports in May fell 0.9 per cent from a year ago largely due to fewer working days that hampered production, state data showed Sunday. Exports in May amounted...

Better price draws farmers back into ginger farming

Yasir Wardad | 2014-06-02 00:00:00

Peasants are increasingly cultivating ginger this season encouraged by higher price of the spice, farmers and officials said.     Production of ginger has been waning in the last four years, resulting in soaring import cost of the item that reached Tk...

Local jewellers cut gold prices

FE Report | 2014-06-02 00:00:00

The country's jewellers reduced Sunday the prices of different types of gold by Tk 1,050-Tk 1,167 a bhori (11.664 gram) in the local market following the price fall in the global market. "The newly-fixed prices are effective from Sunday," Bangladesh...

Boro paddy-rice procurement begins in Panchagarh

2014-06-02 00:00:00

PANCHAGARH, June 1 (BSS): The procurement drive of Boro paddy and rice began in Boda Upazila of the district today amid much enthusiasm. Official sources said the government has set a target to purchase a total of 248 tonnes of...

\\\'High taxes on tobacco products can cut consumption\\\'

2014-06-02 00:00:00

RANGPUR, June 1 (BSS): Speakers at separate discussions here have demanded imposing extremely high taxes on tobacco products to reduce consumption and gradually ban tobacco cultivation and sales of all its products for saving human lives. They were speaking at...