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Moving the economy forward

Fahad Ibraheem | 2014-05-24 00:00:00

The topic of Bangladesh being one of the next economical hubs of the globe has been much talked about. Powerhouses like Goldman Sachs have already certified this rich delta of Asia as one of the next eleven biggest economical phenomena....

Low Carbon Zone — a new model for industrial development

Ajeya Bandyopadhyay | 2014-05-24 00:00:00

Industrial zones like Export Processing Zones (EPZs), Special Economic Zones (SEZs), Industrial Parks and Industrial Clusters have played an important role in the economic growth of many developing nations such as China, India, Bangladesh, Vietnam, Thailand, Turkey, Brazil to name...

Ushering in the football World Cup

2014-05-24 00:00:00

All eyes of the football world are now on Brazil, where the 20th FIFA (Federation of International Football Associations) World Cup is going to kick off on June 12. The gala event will run until July 13, 2014. Thirty-two nations...

Observing \\\'Fun Run + Learn\\\' programme of XVIIth Incheon Asiad in Bangladesh

Md Mahfuzur Rahman Siddique | 2014-05-24 00:00:00

'Fun Run + Learn' is a joint initiative of the Olympic Council of Asia and the Incheon Asian Games Organizing Committee to promote the causes of XVIIth Aiad, 2014 to be held in the said South Korean City from September...

Integrating climate change into development

Parvez Babul | 2014-05-24 00:00:00

THE development partners and the climate change experts of the globe have recommended integration of climate change into development. The whole world is now busy in setting the Sustainable Development Goals (SDGs) far beyond 2015-MDGs (Millennium Development Goals). Ban Ki...

Money - the root of all evil or does it make the world go round?

Saima Mehedi Khan | 2014-05-24 00:00:00

They say money is a wonder, that it is like a magical wand which, when used, can give us everything that we desire, it is like a genie who not only grants us three wishes but goes on to fulfil...

The Boers and Bangalees

Nehal Adil | 2014-05-24 00:00:00

The Boer war had inspired the Indian nationalists in the fight against British imperialists. But how much we know about the saga of relations between Boers and Bangalees. Recently a distinguished Bangaleee intellectual and freedom fighter told me the saga...

DSE

2014-05-24 00:00:00

Thai junta summons ousted leaders, imposes travel ban

2014-05-24 00:00:00

BANGKOK, May 23, (agencies):  Thailand's ruling military on Friday summoned the entire ousted government and members of the politically influential family at the heart of the country's long-running conflict, a day after it seized control of this volatile Southeast Asian...

US ready for high-level interactions with Modi

2014-05-24 00:00:00

NEW DELHI May 23 (Agencies): The United States has said it is ready for high-level interactions with prime minister-elect Narendra Modi, but it will wait to hear from his government on the logistics. The US does not want to "impose...

Rebel mortar fire kills 21 at Assad election rally

2014-05-24 00:00:00

DAMASCUS, May 23 (AFP): Syrian rebels have shelled a rally in support of President Bashar al-Assad's re-election, killing 21 people, after the army cut a key rebel supply route to the main northern city of Aleppo. Mortar fire, which hit...

Five killed in Ukraine fighting ahead of vote

2014-05-24 00:00:00

KARLIVKA, May 23 (AFP): At least five people were killed Friday in fighting near Ukraine's eastern hub of Donetsk two days before a presidential election undermined by an upsurge in attacks by pro-Russian separatists. The latest bloodshed on the heels...

news digest

2014-05-24 00:00:00

Protesting Sikhs push into Pakistan parliament ISLAMABAD, May 23: Dozens of baton-wielding Sikhs pushed past the front gate and entered the grounds of Pakistan's parliament Friday, protesting recent attacks on their houses of worship. Sikhs staged a two-hour sit-in on...

Stocks sink for 4th straight week

Babul Barman | 2014-05-24 00:00:00

Stocks plummeted for four consecutive weeks that ended Thursday, with key index of the prime bourse plunging below 4,400 points mark as investors' confidence eroded. Of the week's five trading sessions, four finished in the red and only one session...

photo

2014-05-24 00:00:00

Higher pvt investment hinges on good governance, stability: CMCCI director

Kamrun Nahar | 2014-05-24 00:00:00

Good governance, rule of law and political stability are needed to speed up private investment in the country, a port city business leader said. Syed Nurul Islam, a director of the Chittagong Metropolitan Chamber of Commerce and Industry (CMCCI) said...

Asia shares higher, baht edges up after coup

2014-05-24 00:00:00

HONG KONG, May 23 (AFP): Asian markets rose for a second straight day Friday following a positive lead from Wall Street, but Bangkok retreated after the army announced a coup following months of deadly protests. The greenback made further inroads...

Gemini gets Russian nod to export frozen foods

Sonia H Moni | 2014-05-24 00:00:00

Nearly after five years a Bangladeshi company has obtained permission for exporting frozen foods to Russia, raising hope of giving a boost to local frozen food export. With the approval of the company - Gemini Sea Foods Ltd - the...

weekly foreign exchange market review

2014-05-24 00:00:00

The local currency appreciated against the greenback last week as well and was traded around 77.63 levels. The foreign exchange reserve of Bangladesh stood at $20.03 billion on May 20, 2014. The average daily inter-bank USD/BDT transaction volume was about...

German investors stress \\\'pro-active\\\' measures to entice foreign investors

Raihan M Chowdhury | 2014-05-24 00:00:00

German investment will see 'remarkable growth' if Bangladesh steps up its promotional campaign abroad, a visiting German business delegation said Friday. "You've a growing economy. What you need is pro-active steps and global media campaigns to highlight your successes, which...

photo

2014-05-24 00:00:00

Labour welfare to be added to rules for CIP selection

Md Shah Jahan | 2014-05-24 00:00:00

The Ministry of Industries (MoI) has taken an initiative to update the existing rules on CIP (Commercially Important Person) by including labour welfare-related issues as a major criterion. The draft of the CIP (Industry) Rules 2014 has already been formulated...

Dutch minister opens TTBC in city tomorrow

2014-05-24 00:00:00

FE Report The visiting Dutch Minister for Foreign Trade and Development Cooperation Lilianne Ploumen will inaugurate the Textile Technology Business Centre (TTBC) on Monday. The TTBC, the first of its kind in Bangladesh, aims to assist the textile industry in...

Rice, edible oil prices fall in city markets

2014-05-24 00:00:00

FE Report Prices of rice and edible oil reduced in the city markets in the week, ending Friday, compared to those of its previous week, traders said. Besides, prices of some vegetables declined significantly in last seven days amid increase...

Australia\\\'s Telstra signals big push into Asia

2014-05-24 00:00:00

SYDNEY, May 23: Australian telecommunications giant Telstra Friday flagged a large expansion into Asia, with the goal of sourcing one-third of its profits from international businesses over the next five years. Chief executive David Thodey, who is marking five years...

German economy gets off to good Q1, but confidence dips

2014-05-24 00:00:00

FRANKFURT, May 23: Booming investment provided the German economy with a healthy kick start into this year, but business confidence in Europe's biggest economy appears to be stalling already, data showed on Friday. The German economy grew by 0.8 per...

Indian rupee up 10 paise to hit fresh 11-month high

2014-05-24 00:00:00

Mumbai, May 23: Extending Thursday's gain, the rupee Friday rose by another 10 paise to trade at a fresh 11-month high of 58.37 against the US dollar in early trade on increased selling of the American currency by exporters. Increased...

Concern over shipment as cargo vessel seized at port

Pankaj Dastider | 2014-05-24 00:00:00

CHITTAGONG, May 23: A foreign container vessel that was seized with 1,109 TEUs (twenty-foot equivalent units) of export cargoes has been lying at the Chittagong port for over a week. The exporters have expressed concern that it might cause substantial...

‘BD needs innovation capacity to face global competitiveness’

2014-05-24 00:00:00

Prof Nawaz Sharif, a world renowned personality in the study of technological innovation in industries, observed that the country's private sector should take up the task of building the innovation capacity to face global competitiveness in the coming days, reports...

Euro hits 3-month low after German data surprise

2014-05-24 00:00:00

LONDON, May 23 (Reuters) : Asian shares hit one-year highs on Friday and bond yields were on track to notch up a broad-based rise on the week, but European markets softened after a closely watched measure of German business confidence...