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Deadline for brick kilns relocation from city areas extended again

Md Shah Jahan | 2014-02-09 00:00:00

The government has extended the deadline for relocation of brickfields from city areas to safer places to June 30 next. The Department of Environment (DoE) in a circular recently said the brick kilns those are situated in the city areas...

DCCI begins training for budding entrepreneurs next month

Talha Bin Habib | 2014-02-09 00:00:00

Dhaka Chamber of Commerce and Industry (DCCI) will start training next month-part of its effort to create 2,000 new entrepreneurs, said the chief of the trade body. "We will start training for creating new 2000 entrepreneurs from March to help...

Local LPG price unchanged despite fall in global market

Sonia H Moni | 2014-02-09 00:00:00

The price of Liquefied Petroleum Gas (LPG) in the local market remains unchanged at its previous high despite a substantial decline in its price in the global market. State-run Saudi Aramco has cut its February contract price for propane at...

Microcredit regulator seeks DFID support for one more year

Ismail Hossain | 2014-02-09 00:00:00

The microcredit regulator has sought one-year extension of the British Department for International Development (DFID)-funded project 'Promoting Financial Services through Poverty Reduction' (PROSPER). Under this programme, the DFID provided Tk 370 million to support the Microcredit Regulatory Authority (MRA) in...

China central bank urges proper management of risk, liquidity

2014-02-09 00:00:00

BEIJING, Feb 8 (Reuters): China's central bank urged commercial banks to properly manage liquidity while reiterating its promise to keep monetary policy stable and to clamp down on risky lending, noting that the world's second-largest economy has yet to find...

News Briefs

2014-02-09 00:00:00

New DMD of  Agrani Bank Mizanur Rahman Khan has recently been promoted to the post of Deputy Managing Director (DMD) of state-owned commercial bank Agrani Bank Limited. Prior to this position, Mr. Khan served as General Manager at the largest...

Photo: Midland Bank Limited

2014-02-09 00:00:00

Photo: Standard Bank Limited

2014-02-09 00:00:00

Photo: Peakward Enterprises (Holdings) Limited

2014-02-09 00:00:00

Wants to boost trade with BD

2014-02-09 00:00:00

Nepal has expressed its willingness to enhance bilateral trade with Bangladesh. Executive Director of the Trade and Export Promotion Centre of Nepal Iswar Prasad Ghirmi said this while called on DCCI President Mohammad Shahjahan Khan in the city Saturday, said...

CCCI trade team off to Saudi Arabia

2014-02-09 00:00:00

A 11-member business delegation led by Chittagong Chamber of Commerce and Industry (CCCI) President Mahbubul Alam left Dhaka for Saudi Arabia on Saturday, said a press statement. During the visit, the delegation will exchange views on bilateral issues, investment, exchange...

Trade group seeks more US pressure on India over patent protection

2014-02-09 00:00:00

WASHINGTON, Feb 7 (Reuters): The US Chamber of Commerce on Friday called on the government to ratchet up pressure on India over intellectual property rights, in a move that could help prevent Indian companies from producing cheap generic versions of...

SCB gets new office-bearers

2014-02-09 00:00:00

Mr Md Rezaul Karim, proprietor of SN Jute International, Mr Mozibur Rahman Mridha, chairman of Multipoint Technology Ltd. and Mr Arzu Rahman Bhuiya, proprietor of Arzu Jute Traders, have been elected president, senior vice president and vice president of Shippers'...

US borrowing capped, raising threat of debt default

2014-02-09 00:00:00

WASHINGTON, Feb 8 (AFP): The US Treasury said Friday it was launching "extraordinary" money management procedures to keep paying its bills as its ability to borrow to finance the country's deficit was capped. The official debt ceiling was to be...

Alipay claims to be world\\\'s top mobile payment company

2014-02-09 00:00:00

HANGZHOU, Feb 8 (Xinhua): Alipay, a leading Chinese third-party payment platform, announced Saturday it has become the largest mobile payment provider in the world. The company claims the title based on number of users and transaction volume. At the end...

India projects growth at 4.9pc as polls loom

2014-02-09 00:00:00

NEW DELHI, Feb 8 (AFP): India on Friday forecast economic growth would rise to nearly five per cent this financial year from 4.5 per cent last year, despite monetary tightening that analysts have said will slow expansion. The country's gross...

Myanmar border trade hits over $4b in 10 months

2014-02-09 00:00:00

YANGON, Feb 8 (Xinhua): Myanmar's border trade hit US$4.01 billion in the first 10 months of (April-Jan) in the 2013-14 fiscal year, according to official figures Saturday. Myanmar's border trade is done through 14 points with four neighbouring countries, namely...

Russian co to open weapon factory in India

2014-02-09 00:00:00

NEW DELHI, Feb 8 (Xinhua): Kalashnikov Concern, the Russian firm producing the iconic Kalashnikov rifles, may soon open a weapon factory in India, media reports said Saturday. "India is a very promising market, and the best way to enter it...

Online shopping takes most of the flak in China

2014-02-09 00:00:00

BEIJING, Feb 8 (Xinhuanet): Local consumer rights protection authorities received 478 complaints during the Spring Festival holiday, up 26.46 per cent on last year, with online shopping taking the flak most. Among the complaints, 61.09 per cent were filed against...

Photo: Bangladesh Computer Samity and ICT Business Promotion Council

2014-02-09 00:00:00

Photo: Nagorik Sanghoti

2014-02-09 00:00:00

Global economy predicted to grow 3.7pc in 2014-2015: NIESR

2014-02-09 00:00:00

LONDON, Feb 8 (Xinhua): London economics think-tank the National Institute of Economic and Social Research (NIESR) Friday forecast that the world economy would grow by 3.7 per cent in 2014 and 2015. Angus Armstrong, director of macro-economic policy at NIESR,...

Commodity prices rise despite poor US, Chinese data

2014-02-09 00:00:00

LONDON, Feb 8 (AFP) :  Oil and metals prices rose this week but gains were capped by poorly-received data out of the United States and China, the world's two biggest economies. Coffee and sugar futures jumped as exceptionally dry Brazilian...

Second Russian Nuke power unit in Iran likely

2014-02-09 00:00:00

Russia and Iran are in discussion on construction of second unit at Bushehr nuclear power project in Iran. Deputy Chief of Russia's state nuclear energy corporation - Rosatom Nikolai Spassky informed the media it during his recent visit to Vienna....

GM\\\'s Barra drives straight to top of Fortune\\\'s list

2014-02-09 00:00:00

NEW YORK, Feb 8 (AFP): The new head of General Motors, Mary Barra, has driven straight to the top of Fortune's first list of the most powerful women in global business. Barra, a career veteran at GM, became chief executive...

US consumer credit posts biggest jump in 10 months

2014-02-09 00:00:00

WASHINGTON, Feb 8 (Reuters): US consumer credit in December grew by the most in nearly a year due to a sharp increase in credit card usage, a potentially positive sign for the economy. Total consumer credit rose by $18.8 billion...

Photo: Model and actor Nobel inaugurating a new outlet of Top Ten Fabrics and Tailors Ltd

2014-02-09 00:00:00

Global Commodity Prices

2014-02-09 00:00:00

Toyota close to $1b deal to settle US probe: WSJ

2014-02-09 00:00:00

TOKYO, Feb 8 (Reuters): Toyota Motor Corp  is close to a deal to pay $1 billion to settle a US criminal investigation into how it disclosed customers' complaints about unintended acceleration years ago, the Wall Street Journal reported on Friday,...

China to extend subsidies on electric cars after 2015

2014-02-09 00:00:00

BEIJING, Feb 8 (Reuters): China's Finance Ministry said on Saturday it will extend a programme of subsidies for buyers of electric-powered vehicles after the current subsidy regime, part of efforts to combat pollution in cities, expires in 2015. The existing...