Rezaul Karim | 2014-05-20 00:00:00
Tanners have sought an allocation of Tk 2.50 billion from next budget so that they get loan from banks at lower rate of interest as subsidy, officials said. The Bangladesh Finished Leather, Leather Goods & Footwear Exporters Association (BFLLFEA) sent...
COLOMBO, May 19 (Xinhua): A French multinational oil and gas consortium is to jointly explore with Sri Lanka's government for petroleum resources in the island state's strategic north and eastern seas, local media reported on Monday. The exploration for oil...
SINGAPORE, May 19 (Xinhua): Trade ministers and chief negotiators of the participating countries in the Trans-Pacific Partnership (TPP) talks gathered in Singapore on Monday for another round of talks, while observers said they do not expect the talks to conclude...
KUWAIT, May 19 (Reuters): China's biggest bank, Industrial and Commercial Bank of China (ICBC), got final approval on Sunday to open a branch in Kuwait, which wants to free up its banking sector. In March, Kuwait said it would allow...
BRUSSELS, May 19 (AFP): European Union (EU) member states are only slowly increasing overseas aid and need to nearly double their efforts if they are to hit their 2015 target, a report said on Monday. A report on 2013 Official...
MANILA, May 19 (Xinhua): The Philippines and Indonesia have come up with a final agreement on the delimitation of their overlapping exclusive economic zones (EEZ), the Philippines' Department of Foreign Affairs (DFA) said Monday. The DFA said in a statement...
MADRID, May 19 (AFP): The level of bad loans held by Spanish banks, which peaked at the end of 2013, edged down in March to 13.39 per cent from 13.4 per cent, data published on Monday by the Bank of...
The Asian Development Bank (ADB) will lend US$350 million to Bangladesh to help public and private institutions scale up skills training for 1.25 million (12.5 lakh) young workers so they are well-equipped to find jobs and meet the changing needs...
FE Report | 2014-05-20 00:00:00
The cabinet approved on Monday the draft 'Rajshahi Krishi Unnayan Bank Act, 2014' aiming to expand the activities of the bank for the benefit of the people. "The draft bill proposes a little bit of change for updating the existing...
The Anti Corruption Commission filed Monday a case against 22 officials, including chairman and managing director (MD) of Maxim Group, a multi-level marketing company, on charge of swindling Tk 3.04 billion (304 crore) of investors' money. ACC deputy director Nur...
TOKYO, May 19 (Reuters): Japanese businesses raised orders for machinery by the most ever in March and expect to book more orders this quarter, another sign that capital investment may buffer the economy from the pain of last month's sales...
WASHINGTON, May 19 (Reuters): The two new nominees to the Federal Reserve's Board of Governors are expected to push for an expanded Fed role in managing the US economy, working to replace the current raft of programs that resulted from...
Industries Minister Amir Hossain Amu urged Danish entrepreneurs Monday to invest in Bangladesh's environment-friendly shipbuilding and pharmaceutical sectors, reports UNB. "If any specific proposal for investment in the potential sectors of Bangladesh is made, it will be considered properly," he...
BANGKOK, May 19 (AFP) : Thailand's economy shrunk 0.6 per cent year on year in January-March, data showed Monday, as the kingdom's festering political crisis battered consumer confidence and frightened off tourists. The contraction is the first since the last...
Philippine economy to double in next decade MANILA, May 19: The Philippine economy will more than double in the next decade as earnings from overseas workers and business outsourcing surge, a respected US-based think-tank said Monday.Once the region's perennial economic...
Yasir Wardad | 2014-05-20 00:00:00
Demand for low Glycemic Index (GI) rice is rising significantly in the country thanks to growing awareness about among the people. The rice, which was commercially distributed by Renata Ltd under the brand name 'Purna', attracted thousands of people in...
LONDON, May 19 (Bloomberg): Wheat dropped for a ninth session, heading for the longest run of declines since September 1998, on speculation that rain may aid US crops, bolstering global supplies. Corn slid to a seven-week low. Wheat fell 9.9...
RIYADH, May 19 (AFP): Saudi Arabia has suspended beef imports from Brazil over fears of a suspected case of atypical mad cow disease detected in the country, the Gulf kingdom said on Monday. The Saudi agriculture ministry announced the "temporary"...
LONDON, May 19 (AFP): Oil prices advanced Monday on escalating violence in crude producer Libya following a coup attempt by a rogue general that has raised concerns about potential supply disruptions, analysts said. The US benchmark, West Texas Intermediate (WTI)...
SINGAPORE, May 19 (Reuters): Gold extended losses to a third straight session on Monday as US data pointed to strong economic growth, while platinum group metals continued to add to gains on supply worries from South African labour strikes. Spot...
PARIS, May 19 (AFP): Grains, metals, meat are just three of the commodities being sucked in by the voracious Chinese economy which is set to be the key driver on raw materials markets this year. French commodity research specialist Cyclope...
FE Report | 2014-05-20 00:00:00
Stocks extended the losing streak for the seventh running sessions on Monday as investors were reluctant to make fresh investments. DSEX, the prime index of the Dhaka Stock Exchange (DSE) came down below 4,400 points mark after five months and...
FE Report | 2014-05-20 00:00:00
Bangladesh Bank governor Dr. Atiur Rahman Monday said 'crop insurance' will be launched very soon. "We are in discussions with insurance companies along with insurance regulator to start crop insurance for the farmers," he said while speaking at inaugural session...
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