FE Report | 2014-02-19 00:00:00
The market extended losing streak for the fourth running session Tuesday amid volatile trading throughout the session as investors continued to sell stocks amid cautious trading. The market opened with a positive note, and the key index of the premier...
FE Report | 2014-02-19 00:00:00
The securities regulator Tuesday slapped penalty worth 2.8 million on five stock brokers and a listed company and an individual for breaching margin loan related securities rules, officials said. The decision of imposing penalties was taken at a commission meeting...
FE Report | 2014-02-19 00:00:00
Bangladesh Association of Software and Information Services (BASIS) has placed a five-year vision for the country's Information and Communication Technology (ICT) sector targeting to earn US$ 1 billion from the software export. The BASIS declaration also highlights of making 1.0...
MUMBAI, Feb 18 (Reuters): The BSE Sensex and the Nifty rose to a three-week high on Tuesday, with banks extending gains on the government's budget commitment to maintaining fiscal deficit, while firm global prices lifted metal stocks. Finance Minister Palaniappan...
Oracle has announced the general availability of its first enterprise performance management (EPM) solution offered in the cloud, Oracle Planning and Budgeting Cloud Service, part of the Oracle Enterprise Planning Cloud portfolio. As the most robust financial planning application in...
Habibur Rahman has been promoted to Deputy Managing Director of Prime Bank Limited. Prior to the promotion as DMD, Mr. Rahman was the Senior Executive Vice President and Head of Emerging Market of the Bank. Mr. Rahman has been working...
Badrul Ahsan | 2014-02-19 00:00:00
Country's US$ 23 billion worth apparel industry is set to be equipped with modern machinery and tools which garment makers believe will make their products cost-effective and enhance their ability to compete in the global market. A number of garment...
Sonia H Moni | 2014-02-19 00:00:00
Russia has withdrawn the temporary ban on a Bangladeshi shrimp exporting company early this month paving the way for resumption of shrimp export to that country. "Federal Service for Veterinary and Phytosanitary Surveillance of the Russian Federation (Rosselkho-znadzor) had withdrawn...
Rezaul Karim | 2014-02-19 00:00:00
There is no major headway in meeting the realtors' recommendations made to the government to help them out after the political turmoil late last year. The Real Estate & Housing Association of Bangladesh (REHAB) earlier recommended creation of a long-term...
President of the Chittagong Metropolitan Chamber of Commerce & Industry (CMCCI) Khalilur Rahman has urged the Ministry of Commerce not to shift the tea auction centre from Chittagong. The CMCCI president, in a letter sent to the commerce minister Monday,...
LAS VEGAS (USA), Feb 18 (BSS): Bangladeshi manufacturers of readymade garments (RMG) are participating in a three-day apparel expo in the US resort city of Las Vegas in Nevada, showcasing their latest garment products to get an extra edge in...
More Qatari investment in BD sought Prime Minister Sheikh Hasina on Tuesday requested Qatar to invest more in Bangladesh and also take more manpower from the country for mutual benefit of the people of the two countries. The Prime Minister...
KUALA LUMPUR, Feb 18 (AFP) : Struggling flag carrier Malaysia Airlines said Tuesday it recorded its fourth straight quarterly loss in the last three months of 2013 and warned of a "challenging" year ahead due to intense competition. The airline...
WASHINGTON, Feb 18 (AFP): US Trade Ambassador Michael Froman received his European counterpart Karel De Gucht in Washington yesterday, preparing for next month's fourth round of talks on creating the world's largest free-trade area. The two sides have been in...
LONDON, Feb 18 (AFP) : China overtook India as the biggest consumer of gold in the world last year, ramping up its demand by 32.0 per cent from the 2012 level, the World Gold Council reported on Tuesday. But globally...
LONDON, Feb 18 (AFP): InterContinental Hotels Group, the world's largest hotel operator by number of rooms, said on Tuesday that annual net profit plunged owing to increased tax charges. Profit after tax dropped 31 per cent to $372 million (271...
New Delhi, Feb 18 (PTI): India's exports are expected to grow by 6.3 per cent to USD 326 billion during the current fiscal, Finance Minister P Chidambaram said Monday. "Though 2013-14 began on a pessimistic note, I am happy to...
BEIJING, Feb 18 (Reuters): China drew $10.76 billion in foreign direct investment (FDI) in January, up 16.1 per cent from a year earlier, the Commerce Ministry said on Tuesday, a sign that confidence in the world's second-largest economy remains firm...
TOKYO, Feb 18 (AFP) : The Bank of Japan on Tuesday held off fresh monetary easing measures but said it would tweak a loans scheme to stimulate borrowing. Policymakers kept the existing massive easing programme in place after a two-day...
SINGAPORE, Feb 18 (AFP) : Malaysia is the world's friendliest destination for Muslim travellers, according to a survey released Tuesday, but Japan has shown most improvement as it ramps up efforts to cash in on a growing market. Malaysia was...
SINGAPORE, Feb 18 (AFP): Oil prices were mixed in Asian trade Tuesday with cold weather in the United States pushing demand for heating fuel higher and credit growth in China also giving support. Investors were awaiting fresh leads following the...
FE Report | 2014-02-19 00:00:00
A fresh complexity has emerged over global buyers' factory inspection programmes, as local apparel makers have raised objection regarding the assessment, carried out only by foreign engineers. The apparel makers' objection surfaced at a views exchange meeting on building, fire...
The government has taken a number of steps for regaining the generalised system of preferences (GSP) which is expected to be reviewed in May this year in the US Congress, reports BSS. Commerce Ministry sources quoted US Ambassador in Bangladesh...
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