FE Report | 2014-04-16 00:00:00
A United Kingdom-based non-resident Bangladeshi (NRB) business delegation asked the government Tuesday for rapid set up of the proposed special economic zone (SEZ) in Sylhet to facilitate more foreign investment in the country. "As a large number of Sylhet-based businesses...
Shamsul Huda | 2014-04-16 00:00:00
The country's officials are informally working in the Geneva headquarters of the World Trade Organisation (WTO) to get extended period of manufacturing pharmaceutical products without paying royalty under the WTO transitional period. The WTO's TRIPs clause allows Bangladesh to manufacture...
FE Report | 2014-04-16 00:00:00
Country's number one job portal -Bdjobs.com has secured foreign investment from an Australian company-SEEK.COM-to widen the former's services. The Australian- based company has bought 25 per cent stake of Bdjobs.com at a cost of US$ 5.0 million, said Fahim Mashroor,...
FE Report | 2014-04-16 00:00:00
The country's furniture exporters are set to get cash incentive, as the commerce minister will soon send a demi official (DO) letter to the Ministry of Finance in this regard. Export Promotion Bureau (EPB) vice chairman Shubhashish Bose said this...
FE Report | 2014-04-16 00:00:00
The country's tourism sector stakeholders have sought tax incentives in the next budget to expedite growth of the sector. Leaders of different tourism development associations placed their proposals in a pre-budget meeting with the National Board of Revenue (NBR) Tuesday....
STRASBOURG, France, Apr 15 (AFP): The European Parliament approved on Tuesday the last elements of a new set of rules to prevent failing banks from ever again driving EU member states into bankruptcy. With 'banking union' passed by a very...
Zebra Tech to buy Motorola's enterprise business for $3.45b BANGALORE, Apr 15: Barcode printer maker Zebra Technologies Corp said it would buy Motorola Solutions Inc's enterprise business for $3.45 billion in cash. The business, which makes rugged mobile computers and...
FE Report | 2014-04-16 00:00:00
Speakers at a seminar stressed the need for further investment in the housing sector as the developers could meet only half the demand in the urban areas. They also said the sector needs a realistic policy support to help grow...
LONDON, Apr 15 (AFP): China's annual demand for gold could jump around 20 per cent by 2017 as more of its increasingly wealthy population seek new ways to make money, the World Gold Council predicted on Tuesday. The forecast by...
TOKYO, Apr 15 (AFP) : The dollar held firm in Asia Tuesday after solid retail sales data boosted confidence in the US economy while tensions in Ukraine and speculation over more European Central Bank monetary easing weighed on the euro....
MANILA, Apr 15 (AFP): The Philippines Monday announced plans to spend more on infrastructure and introduce other reforms to try to lift millions out of poverty. The revised Philippine Development Plan sets more ambitious economic targets to address persistent concerns...
LONDON, Apr 15 (Reuters) : Barclays said it will appoint Crawford Gillies as the new head of its remuneration committee, in a move that could take the sting out of criticism from shareholders next week about pay levels at the...
FE Report | 2014-04-16 00:00:00
The Department of Women Affairs (DWA) under the Ministry of Women and Children Affairs (MoWCA) has upgraded Shahid Sheikh Fazilatunnessa Mujib Women's Training Academy in Gazipur by introducing facilities for women including physically challenged to work in the readymade garment...
CTC LEAF: 14,334 packages of teas on offer met a limited demand with heavy withdrawals. BROKENS/FANNINGS: There was again only a nominal weight of clean tea which met with less demand where sales declined by Tk. 15 to Tk. 20....
SYDNEY, Apr 15 (AFP): Anglo-Australian mining giant Rio Tinto posted a fall in first-quarter iron ore production today, blaming bad weather over Western Australia. January-March output of 66.4 million tonnes was below most forecasts and six percent, or four million...
SINGAPORE, Apr 15 (AFP): Oil prices eased in Asian trade today, but losses were limited as Russia-Ukraine tensions showed no sign of abating, raising fears of a disruption to energy supplies to Western Europe. New York's main contract, West Texas...
NEW DELHI, Apr 15 (AFP): India's inflation accelerated in March to a three-month high, data showed Tuesday, dashing hopes of an interest rate cut to boost the struggling economy. The Wholesale Price Index (WPI), the closest watched cost-of-living monitor, jumped...
BEIJING, Apr 15 (AFP): China's economic expansion slowed in the first three months of this year, according to an AFP survey, and remains on track for its worst annual performance in nearly a quarter-century as reform priorities trump growth concerns....
GENEVA, Apr 15 (AFP): Global commerce is set to grow by 4.7 per cent this year, the World Trade Organization said on Monday, with recovery in rich economies expected to mitigate risks in developing nations. The WTO previously had forecast...
ABU DHABI, Apr 15 (AFP): Abu Dhabi's Etihad Airways reported Tuesday a 27-per cent annual rise in revenues to $1.4 billion for the first quarter of 2014 on the back of surging passenger and cargo figures. Etihad, which is in...
FE Report | 2014-04-16 00:00:00
Dhaka Stock Exchange (DSE) will launch the reduced trading cycle T+2 today (Wednesday) by replacing the existing T+3 to increase the liquidity flow in the capital market, officials said. "The DSE is pleased to declare 16th April 2014 as the...
FE Report | 2014-04-16 00:00:00
United Commercial Bank (UCB) has been named as the Best Emerging Markets Bank of Bangladesh by the renowned Global Finance magazine in an exclusive survey to be published in the May, 2014 issue. Global Finance editors-with input from industry analysts,...
FE Report | 2014-04-16 00:00:00
The securities regulator has approved the IPO (initial public offering) proposal of Saif Powertec which will raise a fund worth Tk 360 million by offloading 12 million ordinary shares, officials said. The approval came Tuesday at a commission meeting held...
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