New MD & CEO of NCC Bank Golam Hafiz Ahmed has been appointed as the Managing Director & CEO of NCC Bank Limited. Prior to this appointment, he was the Additional Managing Director and Acting Managing Director & CEO of...
Mohammad Ali | 2014-05-11 00:00:00
Philips looks to make a significant amount of in vestment in the field of country's healthcare solution to sleep disorder, which causes poor performance at the workplaces and even different serious diseases. Under the plan, the company will set up...
HONG KONG, May 10 (AFP): Asian stocks were mixed Friday after weak Chinese inflation data raised concerns about the risk of deflation in the world's second-largest economy but also opened the door to possible stimulus measures from Beijing. Tokyo closed...
LONDON, May 10 (Reuters): European shares retreated on Friday as a disappointing business update from telecoms group Telefonica sobered the mood from a rally the previous day. The pan-European FTSEurofirst 300 index, which on Thursday hit a 2014 peak of...
FE Report | 2014-05-11 00:00:00
Diplomats at a discussion in the city Saturday suggested developing the country's infrastructure, ensuring political stability and signing free trade agreements (FTAs) to increase exports. Dhaka Chamber of Commerce and Industry (DCCI) organised the discussion titled 'Improving Exports: Importing Countries'...
Monira Munni | 2014-05-11 00:00:00
Nearly 176 garment units have been closed in the aftermath of Rana Plaza complex collapse, a senior industry leader said. Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said non-compliance, western retailers' audit, recent wage hike, and last year's political turmoil...
New office bearers of BMSF Rajendra Prashad Boonarjee and M Mojibur Rahman Bhuiyan have been elected President and General Secretary of the Bangladesh Mukta Sramik Federation (BMSF) respectively in an election. A total of 35 secretaries and executive members have...
FE Report | 2014-05-11 00:00:00
Noted economist Qazi Kholiquzzaman Ahmad on Saturday said 90 per cent of the poor who received micro-credit for their poverty alleviation could not graduate from poverty level in Bangladesh. He also said poverty is a multi-dimensional problem which requires multi-dimensional...
ST GALLEN, Switzerland/MUMBAI, May 10 (Reuters): The head of the Reserve Bank of India (RBI) said on Friday that he-and not the Indian government-was responsible for setting monetary policy, asserting his independence in taking a hawkish stance on inflation amid...
ISLAMABAD, May 10 (AFP): Pakistan is to hold talks with Switzerland on a new tax treaty in the hope of retrieving state assets illegally stashed in the European country's secretive banking system. Finance Minister Ishaq Dar told parliament negotiations on...
Commerce Minister Tofail Ahmed said Saturday Bangladesh has turned into an attractive place for investment and the foreign investors are eager to invest here through building industrial parks, reports BSS. "Although we earned foreign currencies by exporting jute products and...
WASHINGTON, May 10 (Reuters): Hong Kong has reached an information-sharing agreement with the United States under a new law meant to combat offshore tax dodging by Americans, the US Treasury Department said on Friday. Set to take effect on July...
ABUJA, May 10 (Xinhua): The 2014 World Economic Forum (WEF) on Africa wrapped up Friday in the Nigerian capital, attracting investment worth more than US$68 billion. The funds are targeted at projects that would foster agriculture and improve infrastructure, education,...
CARACAS, May 10 (AFP): Venezuelans, who enjoy free highways and dirt-cheap gas, are struggling to buy cars as production falters thanks to a lack of foreign currency to pay for imported parts. Vehicle assembly plants are facing their worst year...
WASHINGTON, May 10 (AFP): The tiny Pacific island nation of Nauru has officially lodged an application for entry to the International Monetary Fund (IMF), the global financial body said Friday. The Micronesian island of around 9,500 people would become the...
Bangladesh Bank (BB) has taken initiatives to formulate an outsourcing policy for the banks prioritising the issue of money laundering. The central bank is preparing the policy to bring the third party services into a frame, which would help the...
RAJSHAHI, May 10 (BSS): All the 376 branches of Rajshahi Krishi Unnayan Bank (RAKUB) will begin online operation by this year-end. RAKUB Managing Director Mofazzal Hossain revealed this while addressing an orientation programme on 'Banking Software' in the city Saturday...
STRALSUND, May 10 (Reuters) : Chancellor Angela Merkel said on Saturday that the German government would positively accompany a tie-up between Siemens and Alstom but said that any link would be first and foremost a corporate decision. Speaking at a...
CHITTAGONG, May 10 (BSS): Minister for Housing and Public Works Engineer Mosharraf Hossain said Saturday the government signed a primary deal with the Malaysian government recently to construct 100 thousand (one lakh) apartments in Dhaka city. "We have signed a...
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