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Undisclosed income increases manifold: Muhith

FE Report | 2014-04-09 00:00:00

Finance Minister AMA Muhith said Monday that undisclosed income in the economy has increased manifold. The government will carry out a study to measure how much undisclosed income exists in the economy, Muhith said after a pre-budget discussion with the...

Concern over quality as Tk 7.60b jute goods stockpiled in mills

Rezaul Karim | 2014-04-09 00:00:00

The quality of jute goods worth about Tk 7.60 billion, manufactured by different jute mills, is at risk, as those are remaining stockpiled at the mills concerned due to a fall in export on sagging demand in the international markets,...

Local CFL bulbs struggle to stay in race with imports

Badrul Ahsan | 2014-04-09 00:00:00

Local manufacturers and assemblers of compact fluorescent light (CFL) bulbs are facing a stiff competition with the importers for lack of policy support to the testing and certification regulatory body concerned and poor surveillance, industry insiders said. They said the...

Uttara Group arm offers free services for Suzuki cars

2014-04-09 00:00:00

Uttara Services Limited, always committed to give better service to their every valued customer since 4 decades from their establishment. Uttara Services Limited opened 6 day long "Suzuki free service camp-2014" from 8th April to 13th April 2014 (9:30 AM...

News Briefs

2014-04-09 00:00:00

Production suspended for 2 days at Korean tent maker in CEPZ CHITTAGONG, Apr 8: A tent maker has suspended production for two days after agitating workers ransacked the factory, police said. Police said scores of workers of HKD International at...

Fire at spinning mill

2014-04-09 00:00:00

A fire broke out in a spinning mill at Balibhadra, Ashulia in Savar on Wednesday night, burning down some fabrics. Officer-in-charge of Ashulia Police Station Sheikh Badrul Alam said the fire originated apparently from a short-circuit at Rangdhanu Spinning Mill...

Photo: Shahjalal Islami Bank Limited

2014-04-09 00:00:00

New technology evolved to preserve seed for long

FE Report | 2014-04-09 00:00:00

'Seed Film Coating' (SFC), a new technology for seed preservation, can enhance seedling performance and reduce use of insecticides, speakers at a workshop said Tuesday. The SFC technology is the application of a very thin polymer layer, which is usually...

Future entrepreneurs advised not to hurry in starting business

2014-04-09 00:00:00

The future entrepreneurs have been advised not to hurry in starting any business and to make their business plan in a way so that banks can be satisfied for financing. DCCI Vice President Kh Shahidul Islam said this while speaking...

IMF cuts world growth outlook

2014-04-09 00:00:00

WASHINGTON, Apr 8 (AFP): The International Monetary Fund (IMF) cut its growth forecast for the global economy Tuesday, pointing to the threat from the Ukraine crisis and the slowdown in major emerging economies. The IMF said the world's two largest...

German trade union leader eager to know how social business helps workers

2014-04-09 00:00:00

Chairman of the German Federation of Trade Unions Michael Sommer has expressed his eagerness to understand how social business can help workers and the underprivileged in new ways. Mr Sommer expressed the willingness while met Nobel Laureate Professor Muhammad Yunus...

Registered TUs in RMG rise to 81 from only one: dialogue told

FE Report | 2014-04-09 00:00:00

Stakeholders have said last year's building collapse and fire incidents have put the readymade garment (RMG) industry in new challenges to develop well-organised trade unions and maintain better employer-worker relations for a sustainable industrial development. They said the number of...

China raises 2014 short-term foreign debt quota

2014-04-09 00:00:00

BEIJING, Apr 8 (Reuters): China has set a quota for the total amount of short-term foreign debt banks and companies can borrow in 2014 at US$43.39 billion, the nation's foreign exchange regulator said on Tuesday, implying a rise of 16...

exchange rate

2014-04-09 00:00:00

UK economy extends recovery as factories boost output, wages rise

2014-04-09 00:00:00

LONDON, Apr 8 (Reuters): Britain's economy extended its strong recovery into this year, data showed on Tuesday, with manufacturing jumping by much more than expected, companies reporting a buoyant first quarter and signs of a pick-up in wages. The pound...

Citigroup to close one third of Korea branches as costs, competition rise

2014-04-09 00:00:00

HONG KONG, Apr 8 (Reuters): Citigroup Inc (C.N) said it will close almost one third of its branches in Korea, becoming the third global bank to trim its presence in the country in the last year amid rising costs and...

Japan’s Takeda to fight $6.0b damages imposed by US jury

2014-04-09 00:00:00

SAN FRANCISCO/TOKYO, Apr 8 (Reuters): Takeda Pharmaceutical Co Ltd said it would contest $6 billion in punitive damages imposed by a US federal jury in a case alleging that Japan's largest drugmaker had concealed cancer risks associated with its Actos...

Leadership workshop for leather industry held

2014-04-09 00:00:00

A two day long workshop on "situational leadership" concluded on Tuesday at a city hotel. The workshop was organised by Leather goods & Footwear Manufacturers & Exporters Association of Bangladesh (LFMEAB) in association with Leather Sector Business Promotion Council   (LSBPC)....

Wal-Mart plans to open 50 wholesale stores in India over four-five years

2014-04-09 00:00:00

HONG KONG, Apr 8 (Reuters): Wal-Mart Stores Inc (WMT.N) plans to open 50 additional wholesale stores in India over the next 4-5 years, company spokesman Anthony Rose said on Tuesday. The world's largest retailer already runs 20 wholesale stores in...

Global Commodity Prices

2014-04-09 00:00:00

Myanmar, Singapore to carry out technical cooperation programme

2014-04-09 00:00:00

YANGON, Apr 8 (Xinhua): Myanmar and Singapore will carry out technical cooperation programme aimed at turning out skilled workers in Myanmar for successfully hosting the ASEAN Economic Community in Myanmar this year-end, state media reported today. The memorandum of understanding...

Ukraine crisis threatens German balanced budget

2014-04-09 00:00:00

BERLIN, Apr 8 (AFP): German Finance Minister Wolfgang Schaeuble warned Tuesday that turmoil in Ukraine could threaten Berlin's bid to produce a balanced budget next year. Schaeuble said he "cannot give a guarantee" that Germany would not spend more than...

IATA urges Gulf carriers to expand regional, global cooperation

2014-04-09 00:00:00

DUBAI, Apr 8 (Xinhua): The International Air Transport Association (IATA) yesterday called for regional cooperation and global standards to support the continued success of aviation in the Gulf area. Speaking at the ongoing Aerospace Summit in Abu Dhabi, IATA director...

British industrial output jumps

2014-04-09 00:00:00

LONDON, Apr 8 (AFP): Industrial output across Britain rose by a robust 0.9 per cent in February compared with activity in January, official data showed on Tuesday, cementing the country's economic recovery. And over 12 months, output jumped by 2.7...

Kuwait agrees deal to boost Egypt energy supplies

2014-04-09 00:00:00

KUWAIT CITY, Apr 8 (AFP): Kuwait said Tuesday it will supply Egypt with 85,000 barrels of oil daily and 1.5 million tonnes of fuel for three years as part of a newly agreed commercial deal. The supplies would be valued...

Photo: Crystal Insurance Company Limited

2014-04-09 00:00:00

DSE witnesses profit-booking

FE Report | 2014-04-09 00:00:00

Stocks edged lower Tuesday, a day after positive trend with turnover crossing Tk 6.0 billion-mark as profit booking triggered the selling pressure in later part of the day's session. The market started with a positive note, but lost momentum as...

BMBA seeks re-financing scheme at minimum rate

FE Report | 2014-04-09 00:00:00

Bangladesh Merchant Bankers Association (BMBA) has sought re-financing scheme for merchant banks at minimum rate of interest along with the reduction of existing tax imposed on their income, officials said. The proposals came Tuesday at a meeting attended by BMBA...

Novo Nordisk Regional Head due today

2014-04-09 00:00:00

Regional Vice President of Novo Nordisk Camilla Sylvest is scheduled to arrive in Dhaka today (9 April, 2014) on a short visit. Ms. Camilla Sylvest is responsible for Novo Nordisk operations in 21 countries including Bangladesh, ASEAN countries, Australia and...

NRBCB Chairman, Vice Chairman re-elected

2014-04-09 00:00:00

Engr. Farasath Ali and Dr. Toufique Rahman Chowdhury have been re-elected Chairman and Vice Chairman of NRBCB in the 18th Board meeting held recently. Engr. Farasath Ali received higher education from United Kingdom in 1974. He was Asstt. Textile Technologist...