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Counting of Indian votes today

2014-05-16 00:00:00

NEW DELHI, May 15 (Agencies):  All preparations are on for counting of votes in the largest-ever electoral exercise held in Indian history. The counting will be taken up Friday to decide who will form the next government at the Centre....

PDB signs $120m deal on 60mw wind power plant

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

Prime Minister's Adviser on Energy Dr Tawfiq-e-Elhai Chowdhury stressed Thursday the need for maintaining austerity in power use in order to conserve it for the benefit of the consumers. "We must have to be conservative in electricity use to ensure...

Deadline for financial proposals for PMB river training extended

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

The Bangladesh Bridge Authority (BBA) has extended the deadline of submitting financial proposals for the Tk 777 million river training work of the Padma multipurpose bridge (PMB) project by three weeks. Officials said the deadline has been extended to June...

BNP wants good ties with India

2014-05-16 00:00:00

BNP Acting Secretary General Mirza Fakhrul Islam Alamgir Thursday said BNP wanted a good relation with India based on equality and mutual respect to resolve disputes with the neighbouring country, reports UNB.  "The person who is now the Prime Minister...

EU for comprehensive partnership

2014-05-16 00:00:00

The European Union looks towards "a comprehensive partnership" framework with Bangladesh as it pursues a foreign policy of "engagement and dialogue". The EU diplomats in Dhaka conveyed this to foreign minister Abul Hasan Mahmood Ali at a diplomatic briefing held...

Ukraine must pay cash for gas: Russia

2014-05-16 00:00:00

MOSCOW, May 15 (AP): Russia has ratcheted up pressure on Ukraine, with President Vladimir Putin saying in a letter released Thursday that it only will deliver gas to its struggling neighbor next month if it pays in advance. Putin first...

Photo: The Financial Express (FE) Editor Moazzem Hossain speaking as the chief guest

2014-05-16 00:00:00

Photo: A wholesale banana market at Pobhati in Jhenidah

2014-05-16 00:00:00

BB regulations to secure payment system

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

The central bank has issued two regulations aiming to promote, regulate and ensure a secure and efficient payment system in Bangladesh through minimising operational risks, officials say. The regulations - Bangladesh Payment and Settlement Systems Regulations-2014 and Regulations on Electronic...

Service delivery in peril due to private practice, syndication

Jubair Hasan | 2014-05-16 00:00:00

Greater involvement of doctors in private practice, syndication of employees and overcrowding of patients have put service delivery in Dhaka Medical College Hospital (DMCH) in dire-straits, hospital insiders said.   Besides, engagement of a large number of honorary doctors in the...

Launch sinks in Meghna with 200 aboard

2014-05-16 00:00:00

MUNSHIGANJ, May 15 (UNB): Eight bodies were recovered from the Meghna River in Gozaria upazila here Thursday afternoon after a launch carrying over 200 passengers capsized amid bad weather. Coast Guard members pulled out the twelve bodies from the river...

Muhith backtracks on block allocation, MPO in budget

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

Finance Minister AMA Muhith has backtracked from his earlier position against offering the Tk 150 million 'block allocation' to each of the members of parliament (MPs) for developing infrastructure in their constituencies, monthly payment order (MPO) for  educational institutions and...

SC stays HC judgement

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

The Chamber Judge of the Appellate Division stayed Thursday the High Court (HC) judgement that declared 'illegal' the securities regulator's notifications on mandatory holding of 2.0 per cent shares by each of the sponsor-directors at the listed companies the previous...

Investment-GDP ratio ‘should be raised’

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

Speakers at a seminar Thursday said the ratio of investment-GDP (gross domestic product) should be increased for Bangladesh to attain a middle income status by 2021. They said currently the investment-GDP ratio is around 25 per cent and it should...

HC orders progress report by June 4

2014-05-16 00:00:00

The High Court (HK) has asked the committee investigating the Narayanganj multiple murders to report progress by June 4, report agencies. The investigation body, formed at the HC's order, filed its primary report Wednesday and sought a month's time to...

Prayer Timings

2014-05-16 00:00:00

Telcos demand uniform corporate tax

FE Report | 2014-05-15 00:00:00

The country's mobile phone operators have urged the government to set a uniform corporate tax rate for the telecom industry in line with other industries, as its absence is 'affecting' their normal growth. Spokespersons of the mobile phone operators at...

EBL introduces Diners Club International Cards

FE Report | 2014-05-15 00:00:00

Eastern Bank Ltd. (EBL) Wednesday declared the launching of an exclusive range of cards in association with Diners Club International®, a business unit of Discover Financial Services. EBL will gradually introduce a full range of Diners Club credit, corporate and...

Investors book profit in bank, multinational stocks

FE Report | 2014-05-15 00:00:00

Stocks extended losing streak for the fourth running session Wednesday with participation remained sluggish as investors continued to book profit in bank and multinational stocks. DSEX, the benchmark index of the Dhaka Stock Exchange (DSE) ended at 4,457.49 points, shedding...

IPO subscription of Tung Hai begins May 18

FE Report | 2014-05-15 00:00:00

The initial public offering (IPO) subscription of Tung Hai Knitting and Dyeing, a textile maker, will begin on May 18 (Sunday) to raise a fund worth Tk 350 million from public. The IPO subscription will remain open until May 22...

News Briefs

2014-05-15 00:00:00

Hwa Well Textiles tops turnover, gainer lists The Hwa Well Textiles in its maiden trading at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) created hype during the day's session and emerged as top gainer and top turnover chart...

Photo: EXIM Bank

2014-05-15 00:00:00

Revision on income tax law for CSR under NBR\\\'s consideration

Doulot Akter Mala | 2014-05-15 00:00:00

The National Board of Revenue (NBR) is actively considering a revision on income tax law for Corporate Social Responsibility (CSR) by increasing ceiling for CSR expenditures and widening prescribed areas of intervention. The ceiling of CSR expenditure may be raised...

BSE Sensex, Nifty retreat from record highs

2014-05-15 00:00:00

MUMBAI, May 14 (Reuters): The BSE Sensex and Nifty retreated on Wednesday from record highs hit in the prior session, snapping a four-session winning streak as investors booked profits in blue-chips such as HDFC Bank ahead of the release election...

HK stocks end 1.03pc higher

2014-05-15 00:00:00

HONG KONG, May 14 (AFP): Hong Kong shares climbed 1.03 per cent Wednesday for a fifth straight gain after a record close on Wall Street, while property firms surged after China's central bank called for more mortgage lending by banks....

Nikkei slips on profit-taking

2014-05-15 00:00:00

TOKYO, May 14 (Reuters): Japan's Nikkei average fell on Wednesday, slipping from a 1-1/2-week high on profit-taking after big gains the previous day, while JGC Corp tumbled after forecasting dismal profit. The benchmark Nikkei ended 0.1 per cent lower at...

Photo: Social Islami Bank Limited

2014-05-15 00:00:00

Photo:Rajshahi Krishi Unnayan Bank (RAKUB)

2014-05-15 00:00:00

Improving the trade competence

Liton Chandro Sarkar | 2014-05-15 00:00:00

Of the top 10 low-income countries, Bangladesh has been placed at the last position when it comes to trading in goods, according to the report "Connecting to Compete, 2014: Trade Logistics in the Global Economy." Bangladesh has been ranked 108th...

Empowering the farmers—reading the rural lips

Shykh Seraj | 2014-05-15 00:00:00

Farmers' Voices in Budget (FVB) is the leading role player to empower farmers across the country and influence the policy makers to make better policy interventions in the farming sector. Hridoye Mati O Manush (Soil & Men in Heart), the...