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weather

2014-02-18 00:00:00

Weather may remain mainly dry with temporary partly cloudy sky over the country and chances of rain or thundershowers at one or two places over Barisal, Chittagong and Sylhet divisions until 6:00 pm today (Tuesday), reports UNB. Night temperature may...

Photo: Booklovers throng a stall at the \\\'Ekushey Book Fair-2014\\\'

2014-02-18 00:00:00

Photo: Students of Eden Girls College stage a sit-in in front of the college

2014-02-18 00:00:00

Accord starts assessing fire, building safety of RMG units from tomorrow

Monira Munni | 2014-02-18 00:00:00

The Accord will start assessing fire and building-safety compliances of readymade garment (RMG) units in Bangladesh from tomorrow (Wednesday). The assessment will take place amid some reservations from factory owners on certain standards to be followed during the inspection, people...

PSC signed: ONGC to start oil, gas exploration in Bay soon

FE Report | 2014-02-18 00:00:00

India's ONGC Videsh Ltd along with its partner Oil India Ltd plans to initiate oil and gas exploration in two new shallow water blocks in the Bay of Bengal 'soon' after establishing an office, ONGC Chairman and Managing Director DK...

Govt using al-Qaeda issue for US favour, says Fakhrul

2014-02-18 00:00:00

Claiming that its party has no link with al-Qaeda's so-called audiovisual message, BNP acting secretary general Mirza Fakhrul Islam Alamgir Monday alleged that the government is trying to get close to the USA by speaking about al-Qaeda threat, reports UNB....

BB monitoring of investment by banks in share market intensified

Siddique Islam | 2014-02-18 00:00:00

The central bank has intensified its monitoring and supervision of investment in share market by the commercial banks aiming at avoiding any unwanted situation in future, officials said. "We've taken the issue as a top priority matter to minimise risks...

Speedy trial law to be extended by 5 years

2014-02-18 00:00:00

The government has decided to extend the tenure of the Speedy Trial Act by another five years, which was scheduled to expire on April 7 this year, reports UNB. The cabinet in its regular weekly meeting on Monday approved the...

Photo: A view of Joba Textile Mill after a fire broke out

2014-02-18 00:00:00

Photo: RMG workers chanting slogans

2014-02-18 00:00:00

CPA, shippers at loggerheads

Jasim Uddin Haroon | 2014-02-18 00:00:00

An abrupt imposition of rents on containers has sparked a row between the Chittagong Port Authority (CPA) and the shipping firms. The CPA has slapped the rents on import-containers meant for Dhaka Inland Container Depot (ICD) at Kamalapur in the...

Contractors face Rajuk axe for poor performance

Shamsul Huda | 2014-02-18 00:00:00

The Rajuk might cancel anytime all the remaining contracts on construction of 6,000 flats under the Uttara Apartment Project because of the contractors' poor performance, an official said. A source at the project director's office at Rajuk said: "Everything is...

BD comes out of FATF \\\'grey list\\\', says Muhith

FE Report | 2014-02-18 00:00:00

Bangladesh has finally come out of the Financial Action Task Force's (FATF) 'grey list', meaning it will help the country reduce the costs and time-line of financial transactions with the rest of the world. "Bangladesh has continuously responded to the...

Photo: Eastern Bank Limited (EBL)

2014-02-17 00:00:00

BB GMs asked to boost monitoring, supervision

FE Report | 2014-02-17 00:00:00

General managers (GMs) of the central bank have been asked to strengthen monitoring and supervision for mitigating the overall risks in the country's banking sector. The advice was given at an annual conference of the GMs held at the central...

Hwa Well Textiles (BD) subscription begins today

FE Report | 2014-02-17 00:00:00

The initial public offering (IPO) subscription of Hwa Well Textiles (BD) will begin today (Monday) to raise a fund worth Tk 200 million from public. Hwa Well Textiles IPO subscription will remain open until February 23 for resident Bangladeshis, while...

bKash clients still facing problem in money transaction

FE Report | 2014-02-17 00:00:00

Many agents and clients of the mobile banking service provider, bKash, are still facing problem in money transaction across the country despite partial improvement of its network system disruption.   Some agents alleged that they were not able to do smooth...

FIIs withdraw Rs 20b from Indian equities

2014-02-17 00:00:00

NEW DELHI, Feb 16 (PTI): Overseas investors pulled out more than Rs 20 billion from Indian equities in a fortnight following a further reduction in the bond buying programme by the US Federal Reserve. Thus, foreign institutional investors (FIIs) also...

7 Sensex cos add Rs 250.98b in market-cap

2014-02-17 00:00:00

MUMBAI, Feb 16 (PTI): The combined market valuation of 7 blue-chip Sensex companies surged Rs 250.98 billion last week with Tata Motors, the new entrant in the top-10 list, emerging as the biggest gainer. Barring Coal India, ITC and HDFC...

IPO DIARY

2014-02-17 00:00:00

Photo: Mercantile Bank Limited

2014-02-17 00:00:00

Photo: Premier Bank Limited

2014-02-17 00:00:00

Photo: Pubali Bank

2014-02-17 00:00:00

Smaller planes in demand as Asia travel boom deepens

Martin Abbugao of AFP in Singapore | 2014-02-17 00:00:00

Smaller passenger planes are increasingly in demand in Asia as budget carriers cash in on the region's growing middle classes by expanding their reach to less prominent cities, industry executives say. So-called "regional" jets -- short to medium-haul aircraft that...

BB seeks MoF nod to give banks waiver on forming subsidiary cos

Syful Islam | 2014-02-17 00:00:00

The Bangladesh Bank (BB) has sought permission from the ministry of finance (MoF) to give the local banks a waiver on setting up separate subsidiary companies for carrying out securities custodial business, sources said. Earlier, the BB gave such a...

Ginger production falling gradually

Yasir Wardad | 2014-02-17 00:00:00

Ginger production in the country has been coming down gradually while import cost for the spice item soared to nearly Tk 4.8 billion in the last financial year (FY), officials said. Experts said price debacle during harvest, increasing cost of...

Ispahanai Gr partners with BC to promote entrepreneurship

DU Correspondent | 2014-02-17 00:00:00

British Council (BC) and MM Ispahani Ltd on Sunday jointly launched a forum styled 'Professionals' Connect' to promote entrepreneurship in the country. Former Advisor to the Caretaker Government Rokia Afzal Rahman formally inaugurated the forum in the city as chief...

South America\\\'s first Apple store opens in Rio

2014-02-17 00:00:00

RIO DE JANEIRO, Feb 16 (AFP): Some 1,700 impatient shoppers lined up for hours Saturday for the grand opening of Apple's store in Rio de Janeiro -- the first official outpost in South America. First in line was Thiago Cuba,...

News Briefs

2014-02-17 00:00:00

CCCI chief gets CIP status President of the Chittagong Chamber of Commerce & Industry (CCCI) Mahbubul Alam has been selected for the CIP (Industry) status as an ex-officio. In this connection, the Ministry of Industries issued a circulation on January...

Photo: Finance Minister AMA Muhith addressing the National Dialogue-1 on Draft National Social Protection Strategy of Bangladesh

2014-02-17 00:00:00