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FIIs pour Rs 110b into Indian debt mkt in Feb

2014-02-24 00:00:00

NEW DELHI, Feb 23 (PTI): Foreign investors have poured almost Rs 110 billion into the Indian debt market so far this month after being net sellers of bonds in 2013. The inflows followed a net investment of Rs 126.09 billion...

IPO Diary

2014-02-24 00:00:00

Photo: The Chairman of NLI Securities Ltd and president of Feni Samity

2014-02-24 00:00:00

Power Div seeks $252m interest-free loan from MoF for Rampal plants

Syful Islam and Rezaul Karim | 2014-02-24 00:00:00

The Power Division has sought US$252 million from the Ministry of Finance (MoF) as interest-free loan to build the coal-fired power plants at Rampal in Bagerhat district, officials said. "The Bangladesh Power Development Board (BPDB) has no capacity to finance...

Govt to double its target to 0.4m tonnes from 0.2m tonnes

Talha Bin Habib | 2014-02-24 00:00:00

The government has decided to double its ongoing Aman rice procurement target to 0.4 million tonnes from the original 0.2 million tonnes due to positive response from the millers, a food directorate official said. "We have extended the procurement target...

SCB organises workshop for banks, NBFIs

2014-02-24 00:00:00

Standard Chartered Bank (SCB) has organised a workshop on 'Foreign Account Tax Compliance Act (FATCA) and UN Sanctions Compliance' in the capital recently. Over 75 senior officials from banks and non-bank financial institutions (NBFIs) of the country attended the workshop,...

Thrust on compliance of GAqP in fish production

FE Report | 2014-02-24 00:00:00

Experts at a workshop Sunday stressed the need for compliance of Good Aquaculture Practices (GAqP) at every stage of fish production and its marketing for a sustainable aquaculture industry in the country. Terming aquaculture a modern and quality management approach...

India okays Rs 10.24b FDI proposals

2014-02-24 00:00:00

NEW DELHI, Feb 23 (PTI): The government of India has approved eight foreign investment proposals, including plans by L&T Infrastructure Development Projects and Welspun Renewables Energy, totalling Rs 1,024 crore. The proposals were cleared following recommendations from the Foreign Investment...

China in 3-day talks with Sri Lanka on economic coop

2014-02-24 00:00:00

COLOMBO, Feb 23 (Reuters): Chinese officials began three days of talks on economic cooperation with Sri Lanka on Saturday, as Beijing strengthens relations with the Indian Ocean island that is a focal point for its regional rivalry with India. "This...

News Briefs

2014-02-24 00:00:00

China to provide Tk 2.58b grant The People's Republic of China will provide Tk 2.58 billion to Bangladesh as grant under an agreement between the two countries. The deal on economic and technical cooperation was signed at the National Economic...

Photo: US Ambassador to Bangladesh Dan W Mozena

2014-02-24 00:00:00

Photo: Mercantile Bank Limited

2014-02-24 00:00:00

Agreement signed on social safety, women empowerment

FE Report | 2014-02-24 00:00:00

The government on Sunday signed two project documents with the UNDP under the title of 'SPPS' and 'SWAPNO' involving worth Tk 8.61 billion. The Social Protection Policy Support (SPPS) programme will prove vital in rolling out the National Social Protection...

Oman Airways increases flights, facilities on Chittagong-Muscat route

2014-02-24 00:00:00

Oman Air is taking initiatives to increase number of flights and put on service its wide-bodied aircrafts on Chittagong-Muscat considering the ever-increasing demands of the passengers. Side by side the company is taking measures to enhance passenger facilities including introduction...

Cuba labour congress focuses on low wage

2014-02-24 00:00:00

HAVANA, Feb 23 (Xinhua) : Low wage has been one of the most debated issues in the 20th Congress of the Workers' Central Union of Cuba (CTC), a senior union official said here Suturday. Ulises Guilarte de Nacimiento, president of...

Taiwan \\\'aerotropolis\\\' plan buoyed by Chinese tourists

2014-02-24 00:00:00

TAIPEI, Feb 23 (AFP):  Taiwan's ambitions to become a regional air hub finally look set to take off with approval for a mega "aerotropolis" to cash in on improving ties with China and the rise of budget airlines in the...

Motorised wheelchair distributed by CZM

2014-02-24 00:00:00

Centre for Zakat Management (CZM) has distributed a motorised wheelchair to a physically retarded youngman, aged 20, suffering from Cerebral Palsy (CP) disease, at his residence in the city recently. A laptop and a printer were also provided to support...

S Korea, Australia sign currency swap deal to promote trade

2014-02-24 00:00:00

SEOUL, Feb 23 (Xinhua) :  South Korea and Australia have signed a currency swap agreement to help promote bilateral trade and trade settlement in local currencies even in times of financial stress, Seoul's central bank said Sunday. Bank of Korea...

Gold recovers on fresh buying, global cues in India

2014-02-24 00:00:00

New Delhi, Feb 23 (PTI):  Gold prices recovered by Rs 40 to Rs 31,190 per ten gram in the national capital Saturday on fresh buying by stockists, influenced by a firm global trend.  Silver also rose by Rs 210 to...

Sahidur joins BWDB

2014-02-24 00:00:00

Md. Sahidur Rahman joined Bangladesh Water Development Board (BWDB) as a director general recently. Earlier he was director general of Water Resources Planning Organisation (WARPO), additional director general (Eastern Region) and additional director general (Planning), BWDB, according to a press...

Photo: Janata Bank

2014-02-24 00:00:00

exchange rate

2014-02-24 00:00:00

US, IMF ‘stand ready’ to help Ukraine rebuild ailing economy

2014-02-24 00:00:00

SYDNEY, Feb 23 (AFP) :  The United States and the International Monetary Fund offered Sunday to assist Ukraine in rebuilding its battered economy following devastating protests that have plunged the country into its worst crisis since independence. Fears that Ukraine's...

HSBC to announce bonuses totalling $4 billion

2014-02-24 00:00:00

LONDON, Feb 23 (Reuters): HSBC will announce staff bonuses totaling just under 2.4 billion pounds ($4 billion) globally for 2013 and is expected to report a significant rise in pretax profit, Sky News reported on its website on Saturday without...

Sierra Leone unearths $ 6m diamond

2014-02-24 00:00:00

FREETOWN, Feb 23  (AFP) :  Sierra Leone said Saturday it had discovered a diamond worth $6.2 million, declaring it one of the most precious finds of the past decade. The stone, dug up last week in the eastern district of...

Apple, Samsung fail to settle patent case

2014-02-24 00:00:00

NEW YORK, Feb 23 (AFP) :  Apple and its South Korean rival Samsung will return to court next month after failing to agree on a settlement to end a legal battle over patents in the United States. The two firms...

British cabinet to meet in Scotland, focus on North Sea oil

2014-02-24 00:00:00

LONDON, Feb 23 (AFP): British Prime Minister David Cameron takes his Cabinet to Scotland for the first time on Monday to warn of the economic cost that independence could have on the North Sea oil industry. Cameron said Sunday that...

OECD delivers new global standard to target tax cheats

2014-02-24 00:00:00

SYDNEY, Feb 23 (AFP): The OECD on Sunday delivered a new global standard to crack down on tax evasion with more than 40 countries already committing to measures which the European Commission called "a big step" forward. Organisation for Economic...

Trade union warns of dangerous illegal mining in S Africa

2014-02-24 00:00:00

JOHANNESBURG, Feb. 23 (Xinhua): The rampant illegal mining would lead to major tragedies if they could not be curbed in South Africa, a trade union warned here yesterday. "These illegal miners are just troopers, their network is really big. Their...

Photo: Bangladesh Krishi Bank

2014-02-24 00:00:00