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News in brief

2014-01-27 00:00:00

Admission tests at BRUR from Jan 30 The rescheduled admission tests for first year degree (honours) courses for the 2013-14 academic sessions at Begum Rokeya University, Rangpur (BRUR) will be held on January 30, 31 and February 1 next. The...

Photo: NARAYANGANJ: An old man making a bamboo fence

2014-01-27 00:00:00

Photo: PATUAKHALI: A vendor carrying candyfloss

2014-01-27 00:00:00

Photo: SITAKUNDA: There is an abundant supply of vegetables

2014-01-27 00:00:00

US makes Bitcoin exchange arrests

BBC | 2014-01-27 00:00:00

The operators of two exchanges for the virtual currency Bitcoin have been arrested in the US. The Department of Justice said Robert Faiella, known as BTCKing, and Charlie Shrem from BitInstant.com have both been charged with money laundering. The authorities...

One-taka candy fetches huge profits for shop-keepers

Ismail Hossain | 2014-01-27 00:00:00

The apparent shortage of coins of 1 and 2 taka denomination has given a big boost to the local candy sector, insiders said. According to them, sales of candy, priced as low as Tk 1 and Tk 2, have led...

B\\\'desh industrial future hinges on int\\\'l social standards, says German envoy

2014-01-27 00:00:00

FE Report German Ambassador to Bangladesh Dr Albrecht Conze on Sunday said Bangladesh should establish internationally agreed social standards to be an emerging industrial country. "Bangladesh's future as an emerging industrial country depends on a reputation of excellence - not...

Tanners urged to form working committee for relocation to Savar

FE Report | 2014-01-27 00:00:00

Tanners on Sunday renewed their demands including bank loan at easy terms and lower interest rates while the government urged them to start shifting process to the Savar Tannery Estate gearing up the relocation process. Newly-appointed Industries Minister Amir Hossain...

0.6m BD expatriates in Malaysia to get MRPs

2014-01-27 00:00:00

The government has decided to distribute machine readable passports (MRPs) among 0.6 million Bangladeshi expatriates living in Malaysia as Bangladesh faces a deadline to do the job by March, 2015. The Home Ministry has already prepared a proposal for signing...

Major default looms in China\\\'s huge \\\'shadow banking\\\' system

2014-01-27 00:00:00

SHANGHAI, Jan 26 (AFP): A shockwave is looming in China's multi-trillion dollar "shadow banking" system, with an unprecedented default only days away on a $500 million investment product sold to hundreds of people. Staff at China's biggest bank ICBC pushed...

CCCI calls for immediate repair of Ctg roads

2014-01-27 00:00:00

President of the Chittagong Chamber of Commerce & Industry (CCCI) demanded immediate repair of the roads in the port city to reduce sufferings of city dwellers and create business friendly atmosphere there. CCCI president, Mahbubul Alam, in a statement, said...

News Briefs

2014-01-27 00:00:00

BSCIC opens staff training on Bangla typing Bangladesh Small & Cottage Industries Corporation (BSCIC) took initiative to train up its staffs and officers on Unicode based Bangla typing. To this effect, BSCIC has started a 5-day course on Unicode based...

Photo: South Bangla Agriculture & Commerce (SBAC) Bank Limited

2014-01-27 00:00:00

Tofail hints at formation of regional alliance BCIM

FE Report | 2014-01-27 00:00:00

The government would put extra emphasis to enhance regional business connectivity for increasing trade volume among South Asian countries. "So we are considering forming a new alliance with India, China and Myanmar which may be named "BICM." Commerce minister Tofail...

Customs officials should be more liberal and user-friendly: State Minister for Finance

Our Correspondent | 2014-01-27 00:00:00

CHITTAGONG, Jan 26: State Minister for Finance MA Mannan has instructed the Customs authority to be more liberal and to work as facilitator instead of harassing the clients. He said in this modern world the government officials are left with...

Photo: Noted academician and essayist Dr Anisuzzaman

2014-01-27 00:00:00

exchange rate

2014-01-27 00:00:00

World Bank pledges $2b for Myanmar

2014-01-27 00:00:00

YANGON, Jan 26 (AFP) : The World Bank announced on Sunday a $2 billion development programme for Myanmar, including projects to improve access to energy and healthcare in the impoverished former military-ruled nation. Bank president Jim Yong Kim, on his...

Bogra teacher killing: 23 BCL men sued

2014-01-27 00:00:00

A case has been filed against 23 leaders and activists of Bangladesh Chhatra League (BCL) in connection with the killing of Baki Billah, a former Islami Chhatra Shibir leader and assistant teacher of Bogra BIAM Model School and College. Yeakub...

Nissan launch fuels Britain\\\'s car industry revival

2014-01-27 00:00:00

SUNDERLAND, Jan 26 (AFP) :  Japanese carmaker Nissan officially launched production of its new Qashqai model last week, coinciding with a renaissance for Britain's car manufacturing industry that is set to smash records in the coming years. The second-generation version...

Iran eyes revival of key gas sector

2014-01-27 00:00:00

ASSALUYEH, Jan 26 (AFP) :  Iran is working full throttle to develop its South Pars natural gas field, the world's largest, amid hopes of sanctions relief and the return of Western oil majors. "We would welcome foreign companies and investors...

Bank of America’s trading practices have been probed, filing shows

2014-01-27 00:00:00

NEW YORK/WASHINGTON, Jan 26 (Reuters) :  The US Department of Justice and the Commodity Futures Trading Commission have both held investigations into whether Bank of America  engaged in improper trading by doing its own futures trades ahead of executing large...

Photo: Rangs Electronics Limited

2014-01-27 00:00:00

Photo: FinExcel

2014-01-27 00:00:00

‘Land grabbing’ pushes up prices in eastern Germany

2014-01-27 00:00:00

BERLIN, Jan 26 (AFP): Land prices in eastern Germany are rising at dizzying rates and local farmers feel they are being squeezed out by foreign investors in a phenomenon known as "land grabbing". The price of a hectare of land...

Plastic goods sector seeks cash incentives

Shamsul Huda | 2014-01-27 00:00:00

Plastic goods manufacturers and exporters are facing problems both locally as well as in the export market and are seeking cash incentives, sources said. The exporters want cash incentives from the government as they need to pay 5 to 15...

Eurozone inflation ‘way below target’

2014-01-27 00:00:00

The head of the International Monetary Fund (IMF) has warned that deflation remains a real risk to economic recovery in the eurozone, reports BBC. Despite signs of recovery across the world, Christine Lagarde said that potential risks must not be...

Mood of ‘cautious optimism’ on world economy reigns at Davos

2014-01-27 00:00:00

DAVOS, Jan 26 (AFP): The leaders of the world economy expressed cautious optimism over the prospects for the global economy this year as the Davos forum wrapped up on Saturday. Speaking on a panel of ministers, central bankers and top...

India, Japan sigh 8 pacts of economic cooperation

2014-01-27 00:00:00

NEW DELHI, Jan. 26 (Xinhua): India and Japan signed Saturday night eight pacts of economic cooperation on the first day of Japanese Prime Minister Shinzo Abe's visit to New Delhi, said local media reports today. Half were connected with Japanese...

Photo: Sonali Bank Limited

2014-01-27 00:00:00