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DSE approves listing proposal of FAR Chemical

FE Report | 2014-05-21 00:00:00

The board of directors of Dhaka Stock Exchange (DSE) has approved the listing proposal of FAR Chemical Industries Limited, taking the way to make its debut on the bourse, officials said. The approval came at a DSE board meeting held...

Thai stocks sink as martial law declared

2014-05-21 00:00:00

HONG KONG, May 20 (AP): Thailand's stock market and currency fell Tuesday after the military declared martial law in what it called an attempt to stabilise the country's precarious political situation. The benchmark SET index in Bangkok dropped 1 per...

Sensex edges up to its latest record closing high

2014-05-21 00:00:00

MUMBAI, May 20 (Reuters): The BSE Sensex edged up on Tuesday to its latest record closing high, managing a fourth consecutive session of gains as domestic-oriented stocks such as Sesa Sterlite continued to rise on hopes tied to the incoming...

Tokyo stocks close up 0.49pc

2014-05-21 00:00:00

TOKYO, May 20 (AFP): Tokyo stocks closed up 0.49 per cent Tuesday, as the weaker yen lifted exporter shares and after gains on Wall Street, with investors largely unfazed by the announcement of martial law in Thailand. The benchmark Nikkei...

International Leasing MD re-appointed

2014-05-21 00:00:00

Mr. Mustafizur Rahman has been reappointed for third term as Managing Director of International Leasing and Financial Services Limited (ILFSL) effective from June 01, 2014 to May 31, 2017. Mr. Rahman obtained Bachelor of Social Science (Honours) in Economics from...

IPO Diary

2014-05-21 00:00:00

Photo: NCC Bank

2014-05-21 00:00:00

Photo: RAKUB

2014-05-21 00:00:00

Local denim exporters shining as retailers lean on Bangladesh

Shah Alam Nur | 2014-05-21 00:00:00

Diversion of orders from Bangladesh's rivals has opened up new opportunity for local denim goods producers, potentially helping the country to replace China as the world's No. 1 exporter, industry insiders said. To cope with the increasing demand, the country's...

Country\\\'s automobile makers, assemblers want policy support to attract investment

Monira Munni | 2014-05-21 00:00:00

Country automobile assemblers and manufacturers have sought government's long-term policy support including rationalisation of existing tariff structure to help attract both local and foreign investment in the sector. They also demanded of the government to provide necessary policy support for...

BSRM teams up with UNDP project to help reduce urban poverty

FE Report | 2014-05-21 00:00:00

The BSRM Group, the country's largest rod producing company, on Tuesday joined a partnership programme with the United Nations Development Programme (UNDP) to empower the urban poor. Under this joint-programme, the two sides will finance the urban poor involved in...

Growth in advanced countries slows, Britain jumps ahead, says OECD

2014-05-21 00:00:00

PARIS, May 20 (AFP): Economic growth in Japan, Germany and Britain picked up strongly in the first quarter of the year, leading output in advanced countries which slowed down overall, the latest OECD data showed Tuesday. But the US economy,...

News Briefs

2014-05-21 00:00:00

Gold demand in India dropped 26pc in Q1 KOLKATA, May 20: Gold demand in India in the January-March quarter dropped 26 per cent to 190.3 tonnes from 257.5 tonnes in the year earlier, according to the World Gold Council. High...

Correction

2014-05-21 00:00:00

A factual error occurred in the story titled 'Soft loan making a difference to Jessore businesswomen', which was published on Page 17 of May 19 issue of The Financial Express (FE). In the 11th paragraph of the report it was...

Photo: Pragati Insurance Limited

2014-05-21 00:00:00

Photo: First Security Islami Bank Limited

2014-05-21 00:00:00

Micro-credit regulator re-fixes MFI fees for customers

FE Report | 2014-05-21 00:00:00

The micro-credit regulator has re-fixed different types of fees for the country's microfinance institutions (MFIs). According to a circular issued this week, an MFI cannot charge a customer more than Tk 25 for admission, record book, the application form for...

European Social Business Week held in Sweden

2014-05-21 00:00:00

Second European Social Business Week was held in Lund and Malmö recently. Nobel laureate Professor Muhammad Yunus attended the week-long Forum as the chief guest, said a press release. Social problems in Europe and their solutions were discussed and explored...

Army takeover worries Thai investors

2014-05-21 00:00:00

TOKYO, May 20 (AFP): Thailand's biggest investor Japan on Tuesday expressed "grave concerns" after the army imposed martial law, with the United States saying it must only be "temporary" as multinational firms monitored events nervously. After months of anti-government protests,...

Titas to install 8,600 pre-paid meters in city

FE Report | 2014-05-21 00:00:00

Titas Gas Transmission and Distribution Company Limited are going to install 8600 pre-paid gas meters in Dhanmondi and Mohammadpur areas of the capital. In this connection, an agreement was signed between Titas Gas and Itron Metering Systems Singapore Pte Ltd...

Dubai launches World FZO

2014-05-21 00:00:00

DUBAI, May 20 (Xinhua): The launch of the World Free Zones Organisation (World FZO), a global non-profit body that aims to spur collaboration between all economic free zones in the world, has taken place here Monday. The World FZO was...

IMF says Cyprus adjustment programme well on track

2014-05-21 00:00:00

NICOSIA, May 20 (Xinhua): Cyprus's economic adjustment programme following last year's chaotic bailout is well on track and a shallower than originally projected contraction of the economy is expected this year, the International Monetary Fund said Monday. Delia Velculescu, who...

TPP trade talks to intensify

2014-05-21 00:00:00

SINGAPORE, May 20 (AFP): Asia-Pacific trade ministers said Tuesday they would intensify talks on a vast trans-Pacific free trade agreement, but offered no clue on when a final accord would be reached. At the end of a two-day meeting in...

Taiwan export orders up 8.9pc in April

2014-05-21 00:00:00

TAIPEI, May 20 (AFP): Taiwan's export orders in April rose 8.9 per cent year-on-year-- the third successive monthly rise -- thanks to robust demand for chips used in smartphones and other mobile devices, the government said Tuesday. Export orders totalled...

exchange rate

2014-05-21 00:00:00

Photo: Former adviser of caretaker government Dr Akbar Ali Khan speaking

2014-05-21 00:00:00

Photo: TOKYO: WTO Director General Roberto Azevedo (L) talking

2014-05-21 00:00:00

Implementation of BMS Act still a far cry for lack of necessary rules

Kamrun Nahar | 2014-05-21 00:00:00

The government still could not prepare the necessary rules to enforce the 'Breast Milk Substitutes, Infant Foods, Complementary Infant Foods Manufactured Commercially and the Accessories Related thereto (Regulation of Marketing) Act 2013' even after seven months of its passage. Experts...

No known marking criterion to evaluate offers

2014-05-21 00:00:00

A conservative outlook in scrutinising bids for a solar power project may jeopardise the government's intention to lower the renewable energy price, reports UNB. Even many world renowned companies are apprehended to be left out from participating in the final...

Vodafone profits rocket on Verizon Wireless sale

2014-05-21 00:00:00

LONDON, May 20 (AFP) : Vodafone's annual profit rocketed to £59.3 billion, boosted by the sale of a stake in US joint-venture Verizon Wireless and despite more problems in Europe, the British mobile phone giant said on Tuesday. Earnings after...