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Dhaka for advancing duty-free market access agenda

Talha Bin Habib | 2014-05-22 00:00:00

Bangladesh will request the World Trade Organisation (WTO) to help the country get duty-free market access to the US market when the head of Geneva-based global trade arbiter arrives in Dhaka next month, officials said. Simplification of origination rules and...

Google overtakes Apple as world\\\'s top brand : Survey

2014-05-22 00:00:00

PARIS, May 21 (AFP): US search engine Google has overtaken rival technology titan Apple as the world's top brand in terms of value, global market research agency Millward Brown said on Wednesday. Google's brand value shot up 40 per cent...

Tk 0.5m sought for each dist in next budget

FE Report | 2014-05-22 00:00:00

Prime Minister's Energy Advisor Dr. Tawfiq-e-Elahi Chowdhury has sought an allocation of Tk 0.5 million (5 lakh) in the upcoming budget for each district for repairing circuit houses and other establishments. Recently, the energy advisor sent a letter to Fazle...

RBI extends loan tenures for exporters to 10 years

2014-05-22 00:00:00

MUMBAI, May 21 (PTI): The Reserve Bank of India (RBI) Wednesday allowed banks to provide loans with tenures of up to 10 years to exporters to help them ensure capital flows to fulfil long-term contracts. Existing norms allow banks to...

News Briefs

2014-05-22 00:00:00

Japan's trade deficit shrinks again in April TOKYO, May 21: Japan's trade deficit narrowed again last month, data showed Wednesday, as a sales tax hike weighed on imports-denting demand for foreign fruit, lobsters and crude oil-while shipments of goods to...

Photo: Finance Minister AMA Muhith seen at a seminar

2014-05-22 00:00:00

Photo: South Bangla Agriculture & Commerce (SBAC) Bank Limited

2014-05-22 00:00:00

Photo: LankaBangla Finance Limited

2014-05-22 00:00:00

Gas shortage renders Tk 40b investments idle in Ctg region

Our Correspondent | 2014-05-22 00:00:00

CHITTAGONG, May 21: Entrepreneurs were worried as investments worth about Tk 40.00 billion have been lying idle for years due to the shortage of gas in Chittagong region. Trade body leaders made the disclosure at a function in the city...

Under-invoicing in fish import to be probed

Rezaul Karim | 2014-05-22 00:00:00

Import of sea fish is now under scanner of the government as it has received allegations of rampant under-invoicing, officials said.  "The government has decided to scrutinise the import of sea fish for detecting under-invoicing," a senior official of the...

China, Russia sign $400b gas deal

2014-05-22 00:00:00

SHANGHAI, China, May 21 (AFP): China and Russia signed a monumental, multi-decade gas supply contract in Shanghai on Wednesday, Chinese state energy giant CNPC said, with reports saying it could be worth as much as $400 billion. The contract signatures...

ACC sues former DGM of SBL

FE Report | 2014-05-22 00:00:00

The Anti-corruption Commission (ACC) filed Wednesday a case against former deputy general manager (DGM) of Sonali Bank Limited (SBL) AKM Azizur Rahman for his alleged accumulation of illegal wealth. The anti-graft body deputy director Joynul Abedin Shibly filed the case...

Malaysia tightens rules on divisive Islamic bai inah deals

2014-05-22 00:00:00

KUALA LUMPUR/DUBAI, May 21 (Reuters): Malaysia's Securities Commission has tightened rules on bai inah, a popular but divisive Islamic financing contract, in a fresh sign that standards in the world's two main centres for Shariah-compliant banking are slowly converging. Regulators...

Israel unveils plan to boost trade with China

2014-05-22 00:00:00

JERUSALEM, May 21 (Xinhua): An Israeli ministerial committee announced Wednesday a comprehensive action plan to expand bilateral economic ties with China, aiming to double Israeli exports to Asia's fastest growing economy within five years to about US$5.0 billion annually. The...

exchange rate

2014-05-22 00:00:00

Photo: Singer Bangladesh Limited

2014-05-22 00:00:00

Photo: Sylhet District Statistics office

2014-05-22 00:00:00

BB brings 26 products under its green refinance scheme

2014-05-22 00:00:00

Eight new sectors covering twenty-six products have been included in the green banking refinance scheme of Bangladesh Bank (BB), expanding the support of this special programme to a total of 44 products, reports BSS. The central bank has also increased...

BD, Fiji discuss coop in sugar industry dev

2014-05-22 00:00:00

Industries Minister Amir Hossain Amu discussed with his Fijian counterpart Aiyaz Sayed Khaiyum Tuesday the scope for establishing bilateral cooperation in sugar industry development, reports BSS. The minister of the Pacific island state led a team of his country to...

Five dead, 45 hurt in train collision near Moscow

2014-05-21 00:00:00

MOSCOW, May 20, (agencies): At least five people were killed and 45 injured on Tuesday after parts of a freight train derailed and collided with a passenger train south of Moscow, officials said. Fifteen of the injured were in serious...

Russian army readies return from Ukrainian border

2014-05-21 00:00:00

MOSCOW, May 20 (AP): Pro-Russian insurgents fighting Ukrainian government forces faced public dismay and a new challenge from the country's richest man Tuesday, while Russia's Defense Ministry said its units have started dismantling their camps in the border regions. A...

S Korea fires warning shots after N Korean incursion

2014-05-21 00:00:00

SEOUL, May 20, (AFP): A South Korean naval ship fired warning shots Tuesday after three North Korean patrol boats crossed over the disputed maritime border in the Yellow Sea, military officials said. The North Korean boats, which normally serve to...

25 killed in Yemen army clashes with Shiite rebels

2014-05-21 00:00:00

SANAA, May 20 (AFP): Eleven Yemeni soldiers and 14 Shiite Huthi rebels were killed Tuesday during clashes in a stronghold of the insurgents in the north of the country, medics said. Dozens of other combatants were wounded in the gunfight...

Nigerian police order tighter security at schools

2014-05-21 00:00:00

ABUJA, May 20, (AFP): Nigeria's police on Tuesday announced plans to beef up security at the country's boarding schools in direct response to the mass abduction of more than 200 schoolgirls by Boko Haram militants. "The Inspector General of Police,...

news digest

2014-05-21 00:00:00

Eight primary school pupils stabbed in China BEIJING, May 20: A knife-wielding attacker went on a rampage at a Chinese primary school on Tuesday, wounding eight schoolchildren with one seriously hurt, state media reported. The 35-year-old suspect, a man surnamed...

Photo: YEMEN : Yemeni male students take final school year exams

2014-05-21 00:00:00

Photo: CHINA : United Nations Secretary General Ban Ki-moon is greeted by Chinese President Xi Jinping (C) and his wife Peng Liyuan

2014-05-21 00:00:00

BKSP beat Sylhet Div by innings

2014-05-21 00:00:00

BKSP defeated Sylhet Division by an innings and 35 runs on the final day of a two-day match of the U-16 National Cricket Tournament at the Cox's Bazar ground-2 Tuesday, reports UNB. On the day, Sylhet Division resumed their first...

Bangladesh A Team leave for WI today

2014-05-21 00:00:00

Bangladesh A team will leave for the West Indies today (Wednesday) on a 25-day tour of the Caribbean Inlands to play two four-day, three one-day and two T20 matches, reports UNB. All the matches will be played against the High...

RU, BAU, ULAB, AIUB in semis

2014-05-21 00:00:00

Rajshahi University (RU), Bangladesh Agricultural University (BAU) Mymensingh, University of Liberal Arts Bangladesh (ULAB) and American International University Bangladesh (AIUB) reached semifinals of the Walton Refrigerator 2nd University Challenge Cup from their respective groups at three different BKSP venues Tuesday,...