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Dhaka Regency ED elected member of PATA Board

2014-05-20 00:00:00

Shahid Hamid, FIH, Chairman, PATA Bangladesh Chapter and Executive Director, Dhaka Regency Hotel & Resort has been elected as a Member of the PATA Board of Directors for two years in the 63rd PATA Annual General Meeting held Sunday at...

News Briefs

2014-05-20 00:00:00

DRC-ICAB elects chairman, secretary The 34th Annual General Meeting of Dhaka Regional Committee (DRC) of the Institute of Chartered Accountants of Bangladesh (ICAB) was held recently at ICAB Auditorium. The meeting approved and adopted Financial Statements of DRC for the...

Photo: Prime Bank Limited

2014-05-20 00:00:00

Photo: A Special Training Course on \\\"Foreign Exchange & International Trade\\\"

2014-05-20 00:00:00

BSE Sensex rises to record closing high

2014-05-20 00:00:00

MUMBAI, May 19 (Reuters): The BSE Sensex and the broader Nifty hit a record closing high on Monday as investors continued to switch to stocks with a domestic focus, such as NTPC, on hopes the new government to be led...

Gold rush on at airports

2014-05-20 00:00:00

Contraband gold has continued to make its way into Bangladesh through the country's two international airports in Dhaka and Chittagong. Customs officials at Hazrat Shahjalal (RA) International Airport in Kurmitola in Dhaka have seized 10 gold bars, each weighs 1kg,...

DSE, CSE open positive

FE Online Report | 2014-05-20 00:00:00

The prices of most of the shares on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed upward trend in early hours of trading on Tuesday, after a week-long downturn. DSEX, the prime index of the DSE, went up...

3 female workers among 4 die in crash

2014-05-20 00:00:00

Four ceramic factory workers, including three female ones, were killed after the bus carrying them to work fell into a roadside ditch in Dhamrai area of Savar on Tuesday. Another 25 workers were badly injured in the accident near Dhautia...

BB, Union Capital sign SME pact

2014-05-20 00:00:00

A signing ceremony for participation in 'Refinance Scheme for Agro-based Product Processing Industries in Rural Areas and for Small Enterprises' was held recently in Bangladesh Bank. The agreement was signed between Bangladesh Bank and Union Capital Limited. The ceremony was...

AstraZeneca rejects Pfizer\\\'s final $117b bid

2014-05-20 00:00:00

LONDON, May 19 (AFP): British drugmaker AstraZeneca on Monday rejected a final $117-billion takeover bid from US rival Pfizer, appearing to put an end to the saga. Pfizer had lodged a fourth and final offer worth 85 billion euros or...

China, Europe drag world stocks lower

2014-05-20 00:00:00

LONDON, May 19 (Reuters): Europe and Asia dragged world equity markets lower on Monday as concerns about slower growth in China prompted investors to cut their risks. The dollar slipped against major currencies after expectations for continued monetary support from...

Jaiprakash Power plans $500m capital raising

2014-05-20 00:00:00

NEW DELHI, May 19 (Reuters): Jaiprakash Power Ventures Ltd plans to raise up to 30 billion rupees ($508 million) in new debt and equity to fund future projects and pay down its debts, the company said on Monday, sending its...

IPO Diary

2014-05-20 00:00:00

Photo: Modhumoti Bank Limited

2014-05-20 00:00:00

Photo: The 15th branch of NRBCB (NRB Commercial Bank Limited)

2014-05-20 00:00:00

Hathurusinghe made Tigers\\\' head coach

2014-05-20 00:00:00

Former Sri Lankan all-rounder Upul Chandika Hathurusinghe has been appointed head coach of Bangladesh Cricket team for next two years, reports UNB. Hathurusinghe is likely to arrive in Bangladesh on June 10 ahead of the Tigers' three-match ODI home series...

AIUB beat JU by 9 wkts

2014-05-20 00:00:00

American International University Bangladesh (AIUB) beat Jahangirnagar University (JU) by nine wickets in a Group C T20 match of the Walton Refrigerator 2nd University Challenge Cup at BKSP ground-4 in Savar Monday, reports UNB. Batting first after winning the toss,...

Juventus beat Cagliari to set new record

2014-05-20 00:00:00

MILAN, May 19 (AP): Juventus celebrated its third straight Serie A title with a 3-0 home victory over Cagliari on Sunday to reach 102 points for the season, a record in the major European leagues. Antonio Conte's side had already...

Brazil holds final stadium tests for World Cup

2014-05-20 00:00:00

SAO PAULO, May 19 (AP): Brazilian organizers acknowledged problems but expressed satisfaction with the final two stadium tests for the World Cup on Sunday, including one at the troubled Sao Paulo arena that hosts the tournament opening game in a...

sports digest

2014-05-20 00:00:00

Victoria beat Arambagh 4-2 Victoria Sporting Club beat Arambagh Krira Sangha by 4-2 goals in the Premier Bank Bangladesh Championship League at the Bir Shreshtha Shaheed Sepoy Mohammad Mostafa Kamal Stadium at Kamalapur on Monday. Zayed struck twice, Shuvo and...

Agent banking as a tool of financial inclusion

A.N.M. Amin Ullah and Syer Tazim Haque | 2014-05-20 00:00:00

After Independence, Bangladesh has come a long way in ensuring inclusive growth. But there is no room for complacency, when it comes to the state of financial inclusion in our country even after 42 years of Independence. The formal banking...

BJP thrives on anti-graft stir of Hazare, Kejriwal

Zaglul Ahmed Chowdhury | 2014-05-20 00:00:00

The Aam Aadmi Party, the new anti-graft political party performed disappointingly in the Indian elections as it could secure only four seats in the 543-member Lok Sabha, the lower house of parliament. Contrary to the expectations of the party leaders,...

Improving expatriate workers\\\' image

2014-05-20 00:00:00

The outflow of the Bangladeshi manpower has been well below the desired level for quite sometime. Its impact will most certainly be reflected in the country's foreign exchange kitty in the near term. As such, the possibility of a declining...

The middle income vision and job creation

Wasi Ahmed | 2014-05-20 00:00:00

One of the rosy goals that the government has set for the country, albeit cherished, is to achieve a higher level of prosperity in the days ahead by becoming a middle income one. However, given that mere cherishing will not...

Improving quality of education

Mawduda Hasnin | 2014-05-20 00:00:00

This year the SSC pass rate is about 91 per cent. This is two per cent higher than what it was last year. Almost all are happy, particularly the Education Minister and  the Prime Minister, besides others. On the other...

Galloping house rent in the city

2014-05-20 00:00:00

House rent in Dhaka city has been rising, and it seems there is no one to monitor it. With this has increased the tyranny of house owners. For a middle class family with limited income it is extremely difficult find...

Senior citizens

2014-05-20 00:00:00

Recently we are familiar with the word senior citizens. Many are now heard speaking in favour of senior citizens. The income tax authority do some favour to senior citizens in respect of taxation. Recently I went to pay WASA bill...

Fuel-free and driverless Google Car

2014-05-20 00:00:00

Trust 'Google' to fully computerise the car. This fascinating news was published in an English daily on May 15. It was simply astonishing, possibly the last word in automobile development that one can imagine. It is a totally hands-off self...

Search for ways to bail RMG sector out of crisis

Farid Ahmed Chowdhury | 2014-05-20 00:00:00

The garments industries of Bangladesh appear to be on its way to becoming a political pawn of the European Union (EU) and the US. In the aftermath of the Rana Plaza and the Tazreen Fashions disasters, a number of big...

Manmohan — the architect of India’s economic transformation

Sourajit Aiyer from Mumbai | 2014-05-20 00:00:00

My only public interaction with Manmohan Singh, India's now former Prime Minister, was back in 2001-02. Then the Leader of the Opposition in the Rajya Sabha, he was the Chief Guest in the annual festival of my college, Sri Venkateshwara...