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2014-04-03 00:00:00

Bangladesh to seek power import from Bhutan

Talha Bin Habib | 2014-04-03 00:00:00

Dhaka will request Thimphu to export power to Bangladesh during the upcoming commerce secretary level meeting next week in Bhutan, a high trade official said. The commerce secretary level meeting of Bangladesh and Bhutan will be held on April 9-10...

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2014-04-03 00:00:00

Nikkei hits 3-week high

2014-04-03 00:00:00

TOKYO, Apr 2 (Reuters): Japan's Nikkei share average rose to a fresh three-week high on Wednesday as sentiment was helped by a weakening yen, while Renesas Electronics Corp jumped on news that it is in talks with Apple Inc and...

Branding BD trade show in Cape Town from June 3

2014-04-03 00:00:00

FE Report Branding Bangladesh Trade Show in South Africa 2014 will kick off on June 3 in Cape Town with a view to expanding business in that country. The three-day exposition will be organised by Branding Bangladesh under the auspices...

Sensex extends record run

2014-04-03 00:00:00

MUMBAI, Apr 2 (Reuters): The BSE Sensex touched a new high for the eighth straight session on Wednesday and non-bank financial companies such as IDFC Ltd surged after the election commission allowed the Reserve Bank of India (RBI) to announce...

HK shares up 0.3pc

2014-04-03 00:00:00

SHANGHAI, Apr 2 (Reuters): Hong Kong shares finished up 0.3 per cent on Wednesday, with property stocks posting their biggest one-day percentage gain in over two years after state media reported that some Chinese cities may relax house purchasing restrictions....

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2014-04-03 00:00:00

Uncertainty over payment, fear of labour unrest loom

Monira Munni | 2014-04-03 00:00:00

The recent production suspension slapped on some garment units has raised concern among many factory owners and workers as the issues relating to payment of wages and other benefits during the suspension still remain unresolved in the midst of the...

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2014-04-03 00:00:00

Land registration system in disarray

Shahiduzzaman Khan | 2014-04-03 00:00:00

Bangladesh has so far enacted 146 land-related laws dealing with 20 types of land issues. But they are surprisingly yet to ensure people's right to land. On the contrary, loopholes in those laws and the land management system are raising...

Muhith rejects central bank proposal for more autonomy

2014-04-03 00:00:00

FE Report Finance Minister AMA Muhith turned down Wednesday a proposal placed by the central bank for strengthening its (the bank) autonomy. The minister said the central bank proposed an action programme to work with the International Monetary Fund (IMF)...

BD needs to invest $74-100b until 2020 for infrastructure dev

2014-04-03 00:00:00

FE Report Bangladesh needs to invest US$ 74 billion to $100 billion (at 2010 prices) until 2020 for developing its poor infrastructure and reducing poverty to an expected level, a World Bank report said Wednesday. The Bank in the "Reducing...

Low sales put real estate sector in dire straits

Kamrun Nahar | 2014-04-03 00:00:00

The country's real estate sector is still bearing the brunt of sluggish sales despite an improvement in the political situation for the past few months, industry insiders said. The continued downtrend in sales has severely affected both the realtors as...

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2014-04-03 00:00:00

New pay scale for govt employees next year : PM

2014-04-03 00:00:00

Prime Minister (PM) Sheikh Hasina said on Wednesday that a new pay scale will be announced for government employees in the next fiscal year, reports BSS. Replying to a question during PM's question-answer session, Sheikh Hasina said the government expects...

WI-SL first semifinal today

2014-04-03 00:00:00

Holders West Indies take on Sri Lanka in the first semifinal of the T20 World Cup today (Thursday) at the Sher-e-Bangla National Cricket Stadium at Mirpur in the city, reports BSS. State-owned Bangladesh Television and the private satellite channel Gazi...

HSC exams begin today

2014-04-03 00:00:00

FE Report Higher Secondary Certificate (HSC) and its equivalent examinations will begin across the country today (Thursday) with the participation of over one million students. "This year a total of 1,141,374 students from 8,104 schools are expected to sit for...

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2014-04-03 00:00:00

US announces visa interview waiver prog for BD applicants

2014-04-03 00:00:00

The consular section of the US embassy in Dhaka announced on Wednesday an interview waiver programme for qualified Bangladeshi nonimmigrant visa applicants, reports UNB. This programme permits consular officers to waive interviews for certain qualified nonimmigrant visa applicants who are...

US consortium seeks maintenance fees

M Azizur Rahman | 2014-04-03 00:00:00

The US consortium has sought maintenance fees to keep its equipment and infrastructure of LNG terminal running until the country starts importing the liquefied natural gas (LNG), a top government official said. The consortium comprising Astra Oil and Excelerate Energy...

Tk 6b spent beyond approved cost

Munima Sultana | 2014-04-03 00:00:00

The government has spent at least Tk 6.00 billion beyond the approved cost of Padma Bridge project due to delay in starting the construction of the country's longest bridge. Experts apprehend the spending will go up further for additional plan...

WB emphasises port, transport improvement to spur growth

2014-04-03 00:00:00

FE Report The World Bank (WB) vice president for South Asia Philippe Le Houérou stressed Wednesday the improvement of efficiency of the port and transport sector in Bangladesh to spur economic growth and help the country achieve the middle-income status...

Accord teams suggest evacuation of six more RMG units

2014-04-03 00:00:00

FE Report The Accord inspection teams recommended immediate evacuation of six more garment units on the grounds of structural flaws, sources involved with the process said. The factories are: Four Wings Ltd, Terry Pvt Ltd, All Weather Fashion, Elegant and...

Businesses seek favourable tax measures

2014-04-03 00:00:00

FE Report Businesses have sought favourable tax measures in the next budget to help the local industries survive and grow with the fiscal support. Oil and gas sector, printing and publishing industry, sweetmeat manufacturers and advertising sector stakeholders placed their...

No auto-rickshaw fare hike right now

2014-04-03 00:00:00

Turning down the demand of auto-rickshaw owners for raising the fare of their three-wheelers, Communications Minister Obaidul Quader said Wednesday there will be no auto-rickshaw fare hike right now. "The existing auto-rickshaw fare will remain in force …no further hike...

4 killed in city road crash

2014-04-03 00:00:00

Four pedestrians were killed and six others injured as a bus hit them near Hazrat Shahjalal International Airport roundabout in the city on Wednesday morning. Three of the deceased were identified as Bilkis Begum (32), Tajuddin (40) and Abdul Quddus...

ACC grills eight top officials of Titas Gas

2014-04-03 00:00:00

FE Report The Anti-Corruption Commission (ACC) interrogated Wednesday eight top officials of Titas Gas Transmission and Distribution Company Limited, a sister concern of Petrobangla, over graft allegations. The Commission's deputy director Ahsan Ali quizzed them at the ACC headquarters in...

Moshtaq, Zia, Ershad regimes illegal: Inu

2014-04-03 00:00:00

Information Minster Hasanul Haque Inu Wednesday said that the governments of Moshtaq Ahmed, Ziaur Rahman and HM Ershad have become illegal, after the abrogation of the fifth and seventh amendments to the Constitution, reports BSS. He was speaking as the...

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2014-04-03 00:00:00