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2014-03-22 00:00:00

DSE signs deal with US cos to upgrade trading system

2014-03-22 00:00:00

FE Report The Dhaka Stock Exchange (DSE) Friday signed an agreement with two US-based companies - NASDAQ OMX and FlexTrade Systems - to upgrade its existing trading system to a 'next-generation, world-class' trading platform. DSE managing director Professor Swapan Kumar...

Euro zone shares set for biggest weekly gain in 2014

2014-03-22 00:00:00

LONDON, Mar 21 (Reuters): A top European share index was set for its best week of the year on Friday although stocks exposed to Russia remained sensitive as investors assessed the impact of tit-for-tat sanctions over the Ukraine crisis. Russia...

29 of 30 US big banks pass stress tests

2014-03-22 00:00:00

WASHINGTON, Mar 21 (AFP): All but one of the 30 largest banks are now strong enough to weather another severe economic crash, the Federal Reserve said Thursday. In the newest of the series of health examinations mandated after the 2008...

weekly foreign exchange market review

2014-03-22 00:00:00

Taka slightly appreciates against dollar Mar 16 - Mar 20, 2014 Commercial Bank of Ceylon PLC The local currency appreciated a little bit against the green back last week and it was traded at 77.68 levels. The market will see...

Multinationals in scramble for grabbing e-commerce market

Jamal Uddin | 2014-03-22 00:00:00

Multinational companies in Bangladesh are in a scramble to capture market share of emerging e-commerce business of different classified products. The companies are investing millions of dollars, mainly in the advertisement sector, to explore the untapped market of the country...

Netherlands oust Ireland, qualify for Super-10

2014-03-22 00:00:00

SYLHET, Mar 21 (AFP): The Netherlands smashed the record for most sixes in an innings on their way to upsetting Ireland in Sylhet Friday, romping into the Super-10 stages in the World Twenty20. Wesley Barresi hit Tim Murtagh over mid-wicket...

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2014-03-22 00:00:00

Plessis, Steyn face fitness test before T20 opener

2014-03-22 00:00:00

CHITTAGONG, Mar 21 (AFP): South African captain Faf du Plessis and spearhead Dale Steyn will undergo fitness tests ahead of their opening World Twenty20 game in Chittagong, the skipper said Friday. Both du Plessis and Steyn took part in team...

Tigers in Super-10 despite HK defeat

2014-03-22 00:00:00

CHITTAGONG, Mar 21 (AFP): Bangladesh sneaked into the Super-10 stage of the World Twenty20 despite losing to minnows Hong Kong by two wickets in their last first-round match in Chittagong Thursday. Bangladesh, sent into bat, fell to a below-par total...

Floating traders come alive

2014-03-22 00:00:00

FE Report  Floating traders in the capital came alive after weeks of political volatility largely thanks to the ICC T20 World Cup 2014, which began here on March 16. The traders said the global event came as welcome blessing for...

BD women lose to SA in warm-up

2014-03-22 00:00:00

Bangladesh Women's team conceded an eight wickets defeat against South African eves team in a warm-up match ahead of the ICC Women's World Twenty20 at BKSP ground in Savar Friday. Sent in to bat first, Bangladesh Eves team scored 85...

Chigumbura fires Zimbabwe to win over UAE

2014-03-22 00:00:00

SYLHET, Mar 21 (AFP): Allrounder Elton Chigumbura struck a fiery half-century to help Zimbabwe achieve a five-wicket win over United Arab Emirates in Sylhet  Friday, keeping their hopes of reaching the next round alive. Chigumbura smashed three sixes and six...

DSE

2014-03-22 00:00:00

DWASA\\\'s Shanti mineral water fails to penetrate market

Ismail Hossain | 2014-03-22 00:00:00

Bottled mineral water 'Shanti', produced and marketed by the Dhaka Water Supply and Sewerage Authority, (DWASA) is failing to attract consumers in the absence of a proper marketing policy. The authority has, however, said it is not planning to make...

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2014-03-22 00:00:00

Higher supply helps significantly slash summer vegetables prices

2014-03-22 00:00:00

FE Report Prices of summer vegetables reduced significantly on Friday compared with a week ago amid increase in supply from the growing hubs, traders said. Onion, chilli prices reduced, garlic increased slightly, while other commodities remained stagnant on the day....

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2014-03-22 00:00:00

Regent launches Ctg-Bangkok direct flights from Apr 27

2014-03-22 00:00:00

Our Correspondent CHITTAGONG, Mar 21: Regent Airways will launch direct Chittagong-Bangkok flights from April 27. Flights of the private airline will fly on the route every Sunday and Thursday. Chief executive of Regent Airways Dr MA Momen said this at...

Oil prices slip

2014-03-22 00:00:00

SINGAPORE, Mar 21 (AFP): Oil prices fell in Asia Friday owing to a stronger dollar after the head of the US Federal Reserve hinted at an interest rate rise early next year. But losses were tempered by lingering concerns about...

Dollar eases in Asian trade

2014-03-22 00:00:00

SINGAPORE, Mar 21 : The dollar eased in Asian trade Friday but maintained most of its gains after Federal Reserve head Janet Yellen indicated US interest rates could rise early in 2015. The greenback bought 102.37 yen in Singapore afternoon...

Indian rupee up 30 paise

2014-03-22 00:00:00

MUMBAI, Mar 21:  The Indian rupee Friday recovered by 30 paise to 61.04 against the dollar at the Interbank Foreign Exchange market on increased selling of the US currency by exporters and banks. Forex dealers said a higher opening in...

Thousands of handloom units facing closure

Badrul Ahsan | 2014-03-22 00:00:00

Thousands of handloom units in the country are facing closure for want of cotton, dyes and chemicals at fair price, shortage of capital and absence of modern cloth processing centres, industry insiders said. They said around 1,92,000 handloom units out...

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2014-03-22 00:00:00

Visitors throng REHAB Fair

2014-03-22 00:00:00

FE Report A large number of visitors thronged the REHAB Fair 2014 Friday. However, the participating realtors seemed rather unhappy, as they did not get positive response from buyers. The realtors are yet to get ample response despite offering various...

Instilling confidence into poor char women

Zahid Rahman and Mandira Guha Neogi | 2014-03-22 00:00:00

Extreme poor women living on char or reclaimed land in different areas of the country can change their fate, if they get proper opportunities and assistance. The women living on such land in Pabna, Chapainawabganj, Rajshahi and Lalmonirhat have set...

Efficient infrastructure for access to financial services

M S Siddiqui | 2014-03-22 00:00:00

Access to credit is crucial for economic growth and development. A survey has revealed that about two thirds of the adult population in developing countries or 2.7 billion people lack access to basic formal financial services, such as savings or...

PPP: Making a balance between profitability and public accountability

Abu Sayed Md. Shaykhul Islam | 2014-03-22 00:00:00

Public-Private Partnership (PPP) is an alternative source of financing for public infrastructure development where the main objective is to reduce government's borrowings and overdependence on foreign loans. The meaning of PPP is clear within the name itself i.e., it is...

Mohakhali flyover: No respite for commuters as yet

Niamot Ali Enayet | 2014-03-22 00:00:00

Success of a city predominantly depends on the efficient delivery of urban services of which efficient transportation system is of crucial importance. An adequate and efficient transport system is a pre-requisite for sustainable economic development. Dhaka is fast becoming one...

Distributing \\\'khas\\\' lands among the poor

2014-03-22 00:00:00

Possession of khas lands is in a sorry state. These vacant lands, being state property, are being grabbed in different parts of the country with the local administration allegedly turning a blind eye to it. In many cases, they also...