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Britain\\\'s Osborne promises budget of ‘hard truths’ to balance economy

2014-02-21 00:00:00

LONDON/HONG KONG Feb 20 (Reuters): British finance minister George Osborne warned on Thursday he would deal with "hard truths" about Britain's unbalanced economic recovery in his annual budget next month, emphasising a need for more manufacturing exports. He also said...

Oil down in Asia on weaker China manufacturing sector

2014-02-21 00:00:00

SINGAPORE, Feb 20 (AFP): Oil prices fell in Asian trade Thursday after a closely-watched index showed that China's key manufacturing sector contracted further in February to hit its lowest level in seven months. US benchmark West Texas Intermediate (WTI) for...

Global Commodity Prices

2014-02-21 00:00:00

Record Japan trade deficit highlights risk of economic stumble

2014-02-21 00:00:00

TOKYO/WAKAYAMA, JAPAN, Feb 20 (Reuters): Japan suffered a record trade deficit in January as growth in exports spurred by a weak yen was far outstripped by a surge in import costs, raising fresh doubts about Prime Minister Shinzo Abe's strategy...

China-Africa trade surpassed $200b in 2013: Xi

2014-02-21 00:00:00

BEIJING, Feb 20 (AFP): China-Africa trade totalled more than $200 billion last year, Chinese President Xi Jinping said Thursday, highlighting the Asian powerhouse's burgeoning trade and investment ties with the continent. "In 2013, Chinese-African trade surpassed the $200 billion mark...

Eurozone business activity robust, slips off highs

2014-02-21 00:00:00

BRUSSELS, Feb 20 (AFP): Business activity in the 18-nation eurozone stayed robust in February but slipped off its highs, a reminder that the economic recovery remains fragile, a key survey showed on Thursday. Markit Economics' said its Eurozone Composite Purchasing...

Photo: BEIJING, China: Pakistan President Mamnoon Hussain (left) meets with Chinese Premier Li Keqiang at the Great Hall of the People in Beijing

2014-02-21 00:00:00

Meet winners in Upazila polls

2014-02-21 00:00:00

The BNP-blessed chairman candidates have taken a lead in the first phase election battle in the 97 Upazila Parishads held on Wednesday, reports UNB. According to unofficial results, the BNP-supported chairman candidates won elections in 42 Upazilas while the Awami...

PM hands over Ekushey Padak to 15 eminent personalities

2014-02-21 00:00:00

Prime Minister (PM) Sheikh Hasina Thursday formally handed over the prestigious Ekushey Padak to fifteen eminent personalities at a ceremony at Osmani Memorial Auditorium in the capital, reports UNB. These distinguished personalities have been selected for the Ekushey Padak 2014...

Pilgrims can now choose any airline for performing Hajj

FE Report | 2014-02-21 00:00:00

The High Court (HC) in a judgment Thursday cleared the path of pilgrims to choose any airline for performing their Hajj in Saudi Arabia, sources said. The judgment declared 'illegal' a government decision of April 24, 2013 that the Hajj...

Three Inqilab journos get bail

2014-02-21 00:00:00

A Dhaka court here Thursday granted bail to three journalists of the 'Daily Inqilab' in a case filed with Wari Police Station under the Information and Communication Technology Act, reports UNB. The three journalists are: news editor Rabiullah Rabi, deputy...

Poor enforcement of law, absence of effective regulatory body major hurdles

FE Report | 2014-02-21 00:00:00

Experts identified Thursday poor enforcement of law, lack of awareness and absence of an effective regulatory body as the major impediments to ensuring food safety in Bangladesh. They also said although Bangladesh achieved significant success in food supply, the country...

BSTI files cases against TK paper, newsprint mills

Our Correspondent | 2014-02-21 00:00:00

CHITTAGONG, Feb 20: The BSTI (Bangladesh Standards and Testing Institution) filed two cases in the court today against two paper mills owned by the TK Group, one of the country's leading entrepreneurs, for producing and marketing sub-standard newsprint and white...

Journo\\\'s father passes away

2014-02-21 00:00:00

Afajuddin Ahmed, father of a senior sub-editor of The Financial Express AHM Mahmudul Haque, died of old-age complications at his residence at Sribodi in Sherpur district in the early hours of Thursday. He was 91, family sources said. He was...

News in brief

2014-02-21 00:00:00

Workshop on 'University Industry Collaborative Research' A daylong workshop on 'University Industry Collaborative Research' was held at University Grants Commission (UGC) in the city Thursday. Prof Dr M Muhibur Rahman, acting chairman of UGC and Member in-charge, Higher Education Quality...

weather

2014-02-21 00:00:00

Weather is likely to remain dry with temporary partly cloudy sky over the country today (Friday). Night temperature may fall and day temperature may rise by 1-2 degrees Celsius over the country, Met Office said. The country's highest temperature of...

Journo\\\'s father passes away

2014-02-21 00:00:00

Afajuddin Ahmed, father of a senior sub-editor of The Financial Express AHM Mahmudul Haque, died of old-age complications at his residence at Sribodi in Sherpur district in the early hours of Thursday. He was 91, family sources said. He was...

BPC made to issue NOCs to pvt oil-run power units to import fuel

M Azizur Rahman | 2014-02-21 00:00:00

State-owned Bangladesh Petroleum Corporation (BPC) has bowed down to the pressure of government high-ups and is set to issue no objection certificates (NOCs) to facilitate fuel import by a number of new privately owned oil-fired power plants, industry insiders said....

Inspectors find gross flaws in fire, safety standards

FE Report | 2014-02-21 00:00:00

Global clothing inspectors have found gross flaws in fire, electrical safety and potential structural problems in their initial sample inspection, Washington Post reported on Wednesday.     Pilot inspections at 10 textile plants in Bangladesh showed a common set of problems, an...

Addl Tk 9.0b to be required for river bank protection

FE Report | 2014-02-21 00:00:00

The Bangladesh Bridge Authority (BBA) will have to bear an additional cost of Tk 9.0 billion for protection of the Padma river bank to keep water flowing below the bridge to be constructed there. Officials said due to continuous riverbank...

Dhaka, Delhi discuss common issues

2014-02-21 00:00:00

Bangladesh and India discussed on Thursday various issues of common concerns, including the progress on the Land Boundary Agreement (LBA) and Teesta water-sharing deal, reports UNB. The long-pending issues came up for discussion when visiting State Minister for Foreign Affairs...

UZ polls results no-confidence in govt: BNP

2014-02-21 00:00:00

Describing the results of the first phase upazila (UZ) elections as a no-confidence to the current regime, BNP said on Thursday there was a doubt whether 10-12 ruling party-backed candidates could win the polls had it been fair, reports UNB....

Those disregarding Independence, Ekushey are enemies: PM

2014-02-21 00:00:00

Prime Minister (PM) Sheikh Hasina said on Thursday those who disregard the spirit of Ekushey and the four pillars of the country's independence are the enemies of both the Amar Ekushey and the independence, reports UNB. "Those who disregard the...

GSP suspension-hit exporters to get govt incentives : Muhith

FE Report | 2014-02-21 00:00:00

Finance Minister AMA Muhith said Thursday the government will provide incentives to the export-oriented industries that have been affected by the suspension of the Generalised System of Preferences (GSP) facilities by the US. "We have made allocation for incentives for...

BB relaxes rules on inward remittances

FE Report | 2014-02-21 00:00:00

The central bank has relaxed the foreign exchange regime by allowing the banks to encash inward remittances against agency services on one-off basis without its permission. "We've relaxed the foreign exchange regulation to facilitate business activities, particularly in the information...

Homage paid to language martyrs

2014-02-21 00:00:00

The nation paid homage to the martyrs of the 1952 historic language movement with the clock striking one minute past midnight Friday marking 'Amar Ekushey', the Language Martyrs Day and International Mother Language Day, reports UNB. President Md Abdul Hamid...

NBR readies project to offer online VAT payment by \\\'18

FHM Humayan Kabir | 2014-02-21 00:00:00

The government has planned to bring about a major change in the Value Added Tax (VAT) payment system by facilitating payment of this particular tax online by 2018 to attract taxpayers and check evasions. Government officials said Thursday the National...

BNP takes lead in first phase of UZ polls

2014-02-21 00:00:00

The BNP-blessed chairman candidates have taken a lead in the first phase election battle in the 97 upazila Parishads held on Wednesday, reports UNB. According to unofficial results, the BNP-supported chairman candidates won elections in 42 upazilas while the Awami...

Time for RMG to transform itself

FE Report | 2014-02-21 00:00:00

Economists, industrialists and politicians called Thursday for transformation of the garment industry and increasing its productivity to overcome the challenges the sector faces. They also observed that a successful transformation can not only enhance the competitiveness of the country's readymade...

holiday notice

2014-02-21 00:00:00