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WiFi hotspots across the country soon

FE Report | 2014-04-13 00:00:00

The government is planning to facilitate internet service to the mass people by setting up WiFi hotspots in different public areas across the country.   As a result, educational institutions, union level markets, bus and launch terminals will come under the...

CSE-30 index revised

Our Correspondent | 2014-04-13 00:00:00

CHITTAGONG, April 12: The CSE-30 index has been rvised on the basis of performance of the CSE-listed companies. The new index will be effective from today (Sunday). The new companies which have been included are BD General Insurance Co., Agricultural...

DBBL donates Tk.150 million to Dhaka Ahsania Mission

2014-04-13 00:00:00

Dutch-Bangla Bank donated further Tk150 million to Dhaka Ahsania Mission to meet up the cost of 2nd, 3rd and 4th floors of the country's biggest cancer hospital - Ahsania Mission Cancer & General Hospital Complex, at Uttara, Dhaka. The Prime...

News Brief

2014-04-13 00:00:00

MTB Unit Fund NAV disclosed Alliance Capital Asset Management Limited has declared the Net Asset Value (NAV) of MTB Unit Fund, according to a press release. The total NAV of MTB Unit Fund stood at Tk 349,967,532.24 on the basis...

Photo: Dutch-Bangla Bank

2014-04-13 00:00:00

Photo: Modhumoti Bank Limited

2014-04-13 00:00:00

Indian mkts end week maintaining pace as FIIs keep the faith

2014-04-13 00:00:00

MUMBAI, Apr 12 (Business Standard): Benchmark share indices ended higher in the week to April 11 as foreign institutional investors (FIIs) remained overweight on India and continued their buying spree. Further, a huge voter turnout raised prospects of a victory...

Corporate tax reduction, supportive export policy to hit a purple patch for BD economy

FE Report | 2014-04-13 00:00:00

A reduction in corporate tax structure and framing a supportive export policy will help the economy grow further. According to corporate sector insiders, reduction of corporate tax will encourage the companies to reinvest the money into the business, which is...

Japanese stocks slump to six-month lows

2014-04-13 00:00:00

SYDNEY, Apr 12 (Reuters): Japanese shares staggered to six-month lows on Friday as an escalating selloff on Wall Street spread to Asia and slugged markets that had been fairly resilient up to now. European bourses were destined to share the...

European stocks sink on \\\'overvalued\\\' tech sector

2014-04-13 00:00:00

LONDON, Apr 12 (AFP): European stock markets slid on Friday, joining a fierce global sell-off as investors took flight on resurgent fears about the 'overvalued' technology sector, dealers said. In late morning deals, London's benchmark FTSE 100 index fell 1.53...

Photo: Standard Bank Ltd

2014-04-13 00:00:00

Photo: Social Islami Bank Limited

2014-04-13 00:00:00

Photo: Airtel Bangladesh Limited

2014-04-13 00:00:00

Last year ‘challenging’ for Bangladesh, says ICCB

2014-04-13 00:00:00

Calling 2013 one of the most "challenging" years for the economy in recent times, the Bangladesh chapter of ICC said on Saturday the Padma bridge project failure, factory disaster, financial scams, US suspension of trade preferences and political unrest damaged...

Upgradation in industrial output stressed

FE Report | 2014-04-13 00:00:00

Speakers at a meeting held Saturday stressed the need for qualitative technological upgradation in the industrial production to compete in the globalised world. "There is no alternative to having different international certifications to make the Bangladeshi products acceptable including ISO...

Three more RMG units closed in city

FE Report | 2014-04-13 00:00:00

The government panel has temporarily closed down three more garment factories after engineers hired by Western retailers' detected major structural flaws in the building, sources said. Syed Ahmed, Inspector General of Department of Inspection for Factories and Establishments (DIFE) told...

BD, Bhutan to sign preferential trade accord

FE Report | 2014-04-13 00:00:00

Bangladesh and Bhutan have agreed to sign a preferential trade agreement (PTA) for mutual benefits of the two countries, a senior trade official said. "We discussed the issue and laid emphasis on signing of the PTA," Senior Secretary of the...

Buyers befooled : It is Chokori, not hilsa

Sonia H Moni | 2014-04-13 00:00:00

'Chokori', a variety of imported fish is being marketed in Bangladesh in the name of Chandana hilsa. Supply of the fish has marked a significant rise in the market ahead of Pahela Boishakh. A section of importers has been importing...

News Briefs

2014-04-13 00:00:00

Amazon to release smartphone later this year     WASHINGTON, Apr 12: Amazon is preparing to release a smartphone in the second half of 2014, thrusting itself into a market already crowded with Apple and Samsung models, The Wall Street Journal reported....

Photo: First Security Islami Bank Limited

2014-04-13 00:00:00

Photo: Financial Excellence Limited (FinExcel)

2014-04-13 00:00:00

DCCI to help new entrepreneurs get bank loans: Shahjahan Khan

Talha Bin Habib | 2014-04-13 00:00:00

The Dhaka Chamber of Commerce and Industry (DCCI) has initiated a move to help new entrepreneurs get bank loans for launching businesses. Under the new initiative, the DCCI appointed a consultant to assist the new entrepreneurs for scrutinising their project...

China, Australia to sign FTA deal soon

2014-04-13 00:00:00

BEIJING, Apr 12 (Xinhua): China and Australia on Saturday voiced hope to hasten negotiations on a Free Trade Agreement (FTA) and strike a deal as soon as possible. Meeting with entrepreneurs together with visiting Australian Prime Minister Tony Abbott, Chinese...

CCBDF steps to breed beefy cows to fulfil meat demand

JU Correspondent | 2014-04-13 00:00:00

The authorities of Central Cattle Breeding and Dairy Firm (CCBDF) have taken up a step to spread the new species of cow named 'beef breed species' across the country to meet the growing demand of cow meat. Considering the growing...

WB sees S Lankan economy to grow 7.3pc this year

2014-04-13 00:00:00

COLOMBO, Apr 12 (Xinhua): The World Bank expects Sri Lanka to lead South Asia in economic growth this year, benefiting from recent rebound and enhanced capacity, but the country faces many risks to the positive outlook, it said in its...

G20 gives US year-end deadline for IMF reforms

2014-04-13 00:00:00

WASHINGTON, Apr 12 (Reuters): Finance chiefs from around the globe on Friday gave the United States until year-end to ratify long-delayed reforms to the International Monetary Fund and threatened to move forward without it if it fails to do so....

Selima Ahmad wins 2014 Oslo Business for Peace Award

FE Report | 2014-04-13 00:00:00

Selima Ahmad, Vice Chairperson of Nitol Niloy Group and Founder of Bangladesh Women Chamber of Commerce and Industry (BWCCI), has won 2014 Oslo Business for Peace Award for her contribution to business and society. Giving her reaction to the FE...

Oil, coffee prices rally

2014-04-13 00:00:00

LONDON, Apr 12 (AFP): Oil prices rose this week on uncertainty over energy supplies passing through Ukraine to the West, while coffee futures rebounded on tight supplies following drought conditions in Brazil. OIL: Prices rose as tensions over Ukraine and...

Merkel sees ‘renewed confidence’ in Greece after bond issue

2014-04-13 00:00:00

ATHENS, Apr 12 (AFP) : German Chancellor Angela Merkel yesterday said Greece's buoyant return to the bond markets showed investors' "renewed confidence" in the crisis-hit country, and pledged to back Athens on its path of reforms.  "I'm delighted, this ......

Global Commodity Prices

2014-04-13 00:00:00