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Establishment of Sustainable and Renewable Energy Development Authority in the offing

FE Report | 2014-05-16 00:00:00

In a pre-budget meeting with the Bangladesh State Minister of Power, Energy and Mineral Resources, the Climate Parliament MPs have put forward a list of issues and demands to the Government for the development of renewable energy in the country....

ACC set to sue ex-GB branch manager

2014-05-16 00:00:00

The Anti-Corruption Commission (ACC) is set to file a case against suspended branch manger of Grameen Bank (GB) for allegedly swindling out about Tk 0.76 million from the bank, reports UNB. The Commission at a recent meeting gave approval to...

Work together to resolve vested property problem, says Minister

2014-05-16 00:00:00

Land Minister Shamsur Rahman Sherif Thursday said the problems relating to vested property and land management will get resolved if all concerned perform their duties properly. He said this, while speaking at a workshop on vested property and land management...

News in brief

2014-05-16 00:00:00

Bank of India Q4 net profit down 26pc NEW DELHI, May 15: State-run Bank of India today reported a drop of 26.3 per cent in net profit to Rs 5.57 billion for the quarter ended March 31. The bank's net...

Photo: Intimate and Acacia Global Consulting

2014-05-16 00:00:00

BARI launches LB-resistant potato variety

FE Report | 2014-05-16 00:00:00

Bangladesh Agricultural Research Institute (BARI) has developed a late blight (LB)-resistant potato variety which is the first of its kind in the country. LB is a disease caused by phytophthora infetsans which do heavy damage to potato crop across the...

Modern technology for boosting agricultural output underscored

2014-05-16 00:00:00

RAJSHAHI, May 15 (BSS): Speakers at a daylong workshop said substantial and sustainable expansion of modern technology has become an urgent need for boosting agricultural production to ensure food security of the country's gradually increasing population. They viewed the field...

IEA edges up oil demand outlook, urges OPEC to boost output

2014-05-16 00:00:00

PARIS, May 15 (AFP): Demand for oil this year will be slightly higher than expected, the IEA forecast on Thursday, highlighting signs of tension in the market and urging OPEC to raise output. Oil prices are expected to remain high,...

Thailand produces record 11.3m tonnes of sugar in 2013/14 on weather boost

2014-05-16 00:00:00

BANGKOK, May 15 (Reuters): Thailand produced a record 11.3 million tonnes of sugar, benefitting from favourable weather, in the 2013/14 crushing season that ended on Thursday, the Office of Cane and Sugar Board (OCSB) said. Although output from Asia has...

Gold up on poor US stock market performance

2014-05-16 00:00:00

CHICAGO, May 15 (Xinhua): Gold futures on the COMEX division of the New York Mercantile Exchange rose yesterday as US equities declined. The most active gold contract for June rose 11.1 US  dollars, or 0.86 percent, to settle at 1,305.9...

Crude prices ease in Asian trade

2014-05-16 00:00:00

SINGAPORE, May 15 (AFP): Oil prices eased in Asian trade today following a rally in the previous session, analysts said. The US benchmark, West Texas Intermediate for June delivery, was down 27 cents at $102.10 a barrel in afternoon trade...

Global Commodity Prices

2014-05-16 00:00:00

The politico-economic doldrums

Mizanur Rahman Shelley | 2014-05-16 00:00:00

Which came first, the hen or the egg? It's an everlasting question. So, is the query, which is more vital - economics or politics? Marxian theory is clear and explicit about the fundamental significance of the economy - economic foundation...

Mixed signals for Bangladesh

Zaglul Ahmed Chowdhury | 2014-05-16 00:00:00

As India and the rest of the world are awaiting the outcome of the just-concluded Lok Sabha elections, a major issue doing the rounds in world capitals is India's  foreign policy in the days to come, particularly, relations with its...

Addressing newer challenges to manpower export

2014-05-16 00:00:00

Decline in inward remittance in recent times has brought to light issues that call for immediate attention to devise ways for addressing them. Critical among the problems include emerging issues in manpower migration which, observers believe, can only be remedied...

Budget: The spectre of instabilty

Abdul Bayes | 2014-05-16 00:00:00

Finance Minister AMA Muhith is expected to present the national budget for 2014-15 in parliament next month. The budget of a country is an account of government's income and expenditure and a projection of growth for the incoming fiscal year....

Budget 2014-2015: The priority of private investments

Anwar Faruq Talukder | 2014-05-16 00:00:00

Generally a budget denotes the anticipation of income and expenditure for a given period. A budget is also known as the annual financial statement of a country. The national budget is not far different from an individual's budget. Ideally a...

Remove barriers to the economy

2014-05-16 00:00:00

Recent trend of our economy shows that it has got a sluggish motion. It is reported in the media that all the indicators of our economy show disappointing trend. There is negative trend in investment, especially foreign direct investment, though...

Getting rid of impunity of the law enforcers

2014-05-16 00:00:00

The elite law enforcing agency RAB (Rapid Action Battalion)  has become a terrible nightmare for the common people. Its name has become synonymous with extra judicial killings, forced disappearances and abduction. The common people have lost their faith in this...

EU\\\'s concern over abduction and killing spree

2014-05-16 00:00:00

Recently, the member states of European Union have expressed their deep concern over the ongoing abduction, murder and extra judicial killing spree in Bangladesh. Bangladesh is getting negative publicity as a result of this and many prospective investors are confused...

The rising popularity of business education

Md. Nurnobi Islam | 2014-05-16 00:00:00

The steady growth of Bangladesh economy and the expansion of the scope of business activities are contributing to the rising popularity and promotion of business education in the country. These contributing factors, of late, are helped by the supply of...

Key index hits 5-month low

FE Report | 2014-05-16 00:00:00

Stocks fell further on Thursday with key index of the prime bourse hitting five months low to 4,416.95 points as investors went for selling spree fearing further fall. "Investment-hostile economic and political state of the country strangled movements in the...

Laptop fair opens

FE Report | 2014-05-16 00:00:00

Information minister Hasanul Haq Inu urged the affluent people to come forward to invest in the information communication technology to flourish the sector. Addressing at an inaugural session of the three-daylong laptop fair on Thursday, the minister said internet is...

Golden Son to issue rights

FE Report | 2014-05-16 00:00:00

The board of directors of Golden Son decided to issue rights shares at 1R:2 (1 Rights share for every 2 existing shares) for expansion of existing business of the company subject to approval of the securities regulator, officials said. Each...

Prime Financial Unit Fund NAV disclosed

2014-05-16 00:00:00

The total NAV of Prime Financial First Unit Fund stood at Tk 216,331,540 on the basis of cost price and Tk 194,461,439 on the basis of market price at the close of business operation on 15 May 2014, said a...

New DMD of Modhumoti Bank

2014-05-16 00:00:00

Mr Md Touhidul Alam Khan has recently joined Modhumoti Bank Limited as Deputy Managing Director. Prior to joining, he was the Senior Executive Vice President and Head of Corporate Banking of Bank Asia Limited. Mr Khan is a multifaceted management...

News Briefs

2014-05-16 00:00:00

15th AGM of ONE Bank held The 15th Annual General Meeting of ONE Bank Limited was held at the Police Convention Centre in the city Thursday. Sayeed H. Chowdhury, Chairman of the Board of Directors chaired the AGM which approved...

News Briefs

2014-05-16 00:00:00

New AMD of Int’l Leasing Mr Nehal Ahmed FCA, has been promoted as Additional Managing Director effective from today (Friday). Mr Ahmed joined ILFSL in 2003 and has been holding different key positions in the Company since then. Prior to...

Photo: ONE Bank Limited

2014-05-16 00:00:00

Photo: A Memorandum of Understanding (MoU) was signed between Bangladesh Seed Association (BSA) and USAID Agro-Input (AIP)

2014-05-16 00:00:00