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Seoul shares prices slip

2014-05-19 00:00:00

Prices of most of the shares in Seoul stock markets witnessed downward trend on Monday. In the concluding sessions of the day’s trading, Kospi ended up loser, shedding 0.12 per cent compared with the previous day's closing, according to AFP.

China shares down

2014-05-19 00:00:00

Chinese shares were down in morning trade on Monday amid shrinking volume due to worries over the weak domestic economy, dealers said. The benchmark Shanghai Composite Index fell 0.81 percent, or 16.47 points, to 2,010.03. The Shenzhen Composite Index, which...

HK stocks higher

2014-05-19 00:00:00

Hong Kong shares opened 0.17 per cent higher on Monday, resuming a recent uptrend, following a positive lead from Wall Street. The benchmark Hang Seng Index climbed 38.33 points to 22,751.24 in early exchanges, according to AFP.

Sydney eases 0.80pc

2014-05-19 00:00:00

Sydney stocks eased 0.80 per cent in the closing sessions of Monday's trading, according to AFP.

Gold recovered at Shahjalal

2014-05-19 00:00:00

Customs officials recovered gold weighing 2.1 kilogram (kg) worth about Tk 10 million at Hazrat Shahjalal (RA) International Airport at Kurmitola in the city on Sunday night. The Customs intelligence men also detained a passenger, who arrived at the country’s...

Pl, sit for exams and compete with students: PM to exam critics

2014-05-19 00:00:00

Prime Minister Sheikh Hasina has flayed those who questioned the ‘quality’ of the Secondary School Certificate (SSC) and equivalent examinations results. She said the ‘critics’ should be made to sit for the exams with the students. ‘Please, you appear at...

Ershad, 7 others to be sued over poll spending info

2014-05-19 00:00:00

The Election Commission (EC) has asked returning officers to sue eight contestants in the Jan 5 national polls, including Jatiya Party Chairman HM Ershad, for not submitting statements of election expenditure in time. EC’s Senior Assistant Secretary Mizanur Rahman sent...

Stocks open red amid choppy trading

FE Online Report | 2014-05-19 00:00:00

The country's two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed negative trend in early hours of trading on Monday, the second trading day of the week. Amid a choppy trading, DSEX, the main index...

18 removed from Rab-3

2014-05-19 00:00:00

Rapid Action Battalion (Rab), already under fire over suspected involvement by some of its members with Narayanganj 7-murder, has taken 18 personnel off-duty in Rab-3 over allegations of embezzlement. Among them is Major Ali Ahsan, Commander of Crime Prevention Company-...

Budget session begins June 3

2014-05-19 00:00:00

The second session of the 10th Jatiya Sangsad (parliament), which will clear the budget for the next fiscal, will begin on June 3. Finance Minister AMA Muhith might present his budget proposal for fiscal 2014-15 on Jun 5, a senior...

1 more body recovered: Launch capsize death toll reaches 56

2014-05-19 00:00:00

Another dead body was recovered from Meghna River on Sunday afternoon, four days after ‘MV Miraj-4’ launch sank near Daulatpur ghat at Munshiganj’s Gazaria upazila. Gazaria UNO ATM Mahbub Karim in the evening said the body of a male passenger...

Gazprom plans S\\\'pore stock exchange listing

2014-05-18 00:00:00

MOSCOW, May 17 (Reuters): Russia's Gazprom is working on obtaining a listing in Singapore, possibly in July, the company said on last Thursday. The comments confirmed an earlier report by Interfax which said that state-controlled Gazprom, the country's top natural...

IBBL, Xpress Money arrange free medical camp

2014-05-18 00:00:00

 A day-long free medical camp was jointly organised by Islami Bank Bangladesh Limited and Xpress Money in Narayangonj recently. About 1200 patients took treatment and medical advice with medicine prescribed by seven specialized doctors at Bhulta Branch of Islami Bank...

Dipal made ambassador of Global RE

FE Report | 2014-05-18 00:00:00

Dipal Chandra Barua, president of Bangladesh Solar & Renewable Energy Association (BSREA), has been nominated as an Ambassador of Global 100% Renewable Energy (RE) Campaign. The Global 100% RE Campaign, the first international initiative that advocates and inspires change for...

IDLC Investments - Company Insight

2014-05-18 00:00:00

IPO Diary

2014-05-18 00:00:00

Photo: Payroll Banking and Customer Propositions of Eastern Bank Ltd

2014-05-18 00:00:00

Photo: Airtel Bangladesh Limited

2014-05-18 00:00:00

Hundreds of new industries fail to go into operation for lack of gas connection

Shah Alam Nur | 2014-05-18 00:00:00

Hundreds of industrial units failed to go into operation due to alleged inaction by the government-formed special committee to deal with the fresh gas connections. Such a situation raised concern among the entrepreneurs, investors and officials said. Such inaction has...

UCB holds biz confce in Ctg

Our Correspondent | 2014-05-18 00:00:00

CHITTAGONG, May 17: A business conference of the managers of the United Commercial Bank Chittagong zone was held today at the Chittagong Club. It was presided over by managing director of the UCB Muhammed Ali. A press meet was also...

Govt moves to identify non-RMG units, create sector-wise database

Monira Munni | 2014-05-18 00:00:00

The government has initiated a move to identify non-RMG factories and other establishments and create sector-wise database of those units, sources said. The database would have sector-wise factories information, names and addresses of such units, number of workers and other...

India will be centre of global economy, hopes Manmohan

2014-05-18 00:00:00

NEW DELHI, May 17 (BSS): Outgoing Prime Minister of India Dr. Manmohan Singh has said time has come that India can be a major powerhouse of the evolving global economy. He said, by blending tradition with modernity and unity with...

Economic growth likely to experience a decelerating rate : Unnayan Onneshan

2014-05-18 00:00:00

The Unnayan Onneshan called for prudent management of the economy as the economic growth in the current fiscal year FY 2013-14 is likely to experience a decelerating rate for the third time in a row from those of the preceding...

News Briefs

2014-05-18 00:00:00

Hong Kong 2014 Q1 GDP up 2.5pc HONG KONG, May 17: Growth in Hong Kong's economy remained "moderate" year-on-year in the first quarter, dragged by sluggish exports affected by a lack of progress in advanced economies, officials said Friday. Gross...

Four-day int\\\'l ICT expo in city in June

Shamsul Huda | 2014-05-18 00:00:00

An international information and communication technology (ICT) exposition is going to be held in the city next month. At least sixty government organisations will participate in the Digital World to showcase their automated e-governance services and products. Several ICT professionals...

WB grants $80m for community dev in Myanmar

2014-05-18 00:00:00

YANGON, May 17 (Xinhua): World Bank has granted US$80 million for Myanmar National Community Development projects in three townships in Myanmar, official media reported Saturday. The work of the $86.3-million project is now underway in Kanpetlet in Chin State, Namhsam...

Tri-lateral deal preludes China-Japan-ROK FTA

2014-05-18 00:00:00

CHANGCHUN, May 17 (Xinhua): A tri-lateral agreement took effect Saturday to facilitate investment among China, Japan and the Republic of Korea (ROK). The China-Japan-ROK agreement for promotion, facilitation and protection of investment, is widely believed by economists to be a...

Taiwan approves \\\'rich man\\\'s tax\\\'

2014-05-18 00:00:00

TAIPEI, May 17 (AFP): Taiwan's parliament has approved a so-called "rich man's tax" on nearly 10,000 of the island's wealthiest people in a bid to narrow the widening income gap. Starting next year, those with annual net income of over...

Malaysia economy grows 6.2pc in Q1

2014-05-18 00:00:00

KUALA LUMPUR, May 17 (AFP): Malaysia's economy grew by a surprising 6.2 per cent in the first quarter of the year, the central bank announced Wednesday, but economists warned that its surging exports could be hit by a slowdown in...

Profits of China SOEs up 6.5pc in Jan-April

2014-05-18 00:00:00

BEIJING, May 17 (Xinhua): Combined profits of China's state-owned enterprises increased 6.5 per cent year on year to 742.84 billion yuan (US$120.54 billion) in the first four months of 2014. The pace of growth was faster than that of a...