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Photo: Investment Corporation of Bangladesh

2014-01-22 00:00:00

Indonesia sees 25pc investment hike last year

2014-01-22 00:00:00

JAKARTA, Jan 21 (Xinhua): Total investment in Indonesia last year scaled up by 25 per cent to 398.6 trillion rupiah (some US$32.88 billion), a minister said on Tuesday, despite of the country's subdued economic growth and risks of US plan...

PBoC adds cash ahead of holiday

2014-01-22 00:00:00

BEIJING, Jan 21 (AFP): China's central bank said Tuesday it injected cash into the country's financial system, in a move seen as heading off a potential liquidity crunch ahead of the country's lunar new year holiday. The People's Bank of...

High economic growth \\\'fails to make many Filipinos happy\\\'

2014-01-22 00:00:00

MANILA, Jan 21 (Xinhua): The quality of life of most Filipinos has worsened during the past year notwithstanding the much-ballyhooed economic growth of the country, dubbed as among the highest in the region. A survey conducted last December by Pulse...

Cambodia\\\'s economy achieves 7 per cent growth in 2013

2014-01-22 00:00:00

PHNOM PENH, Jan 21 (Xinhua): Cambodia's economy grew by 7 per cent in 2013 even though political row over the July election has still persisted, the National Bank of Cambodia (NBC) said Tuesday. The growth was lower than that of...

EBRD cuts growth forecast for crisis-hit Turkey

2014-01-22 00:00:00

LONDON, Jan 21 (AFP): The European Bank for Reconstruction and Development (EBRD) on Tuesday cut its economic growth forecast for Turkey, blaming the impact of a deep political crisis and tighter US monetary policy. The London-based EBRD also trimmed its...

German investor sentiment stalls, but recovery intact

2014-01-22 00:00:00

FRANKFURT, Jan 21 (AFP): Investment sentiment in Germany stalled unexpectedly in January after rising to a seven-year high the previous month, but recovery of Europe's top economy remains intact, a survey found on Tuesday. The widely watched investor confidence index...

100KW solar mini grid to be set up in Kutubdia

FE Report | 2014-01-22 00:00:00

A 100 kilowatt solar mini grid project will be set up at Lemshikhali Union under Kutubdia Island of Cox's Bazar to distributing electricity to households and shops, said a press release. Infrastructure Development Company Limited (IDCOL) Monday signed financing agreement...

Serbia opens EU membership talks

2014-01-22 00:00:00

BRUSSELS, Jan 21 (AFP): Serbia officially kicked off membership talks with the European Union on Tuesday, the first step in years of negotiations aimed at seeing the Western Balkan country become the 29th EU state. "This is indeed an historic...

exchange rate

2014-01-22 00:00:00

Photo: Planning Minister AHM Mostofa Kamal

2014-01-22 00:00:00

Photo: JALALABAD, Afghanistan: Afghan officials counting and adjusting wads of Afghan currency

2014-01-22 00:00:00

Sales of PCs tumble in Asia on mobile competition: IDC

2014-01-22 00:00:00

SINGAPORE, Jan 21 (AFP): Sales of personal computers fell 10 per cent in the Asia Pacific last year due to sluggish economic growth and tough competition from mobile devices, an industry analyst said Tuesday. International Data Corporation (IDC) said sales...

China set to be focus of Davos 2014

2014-01-22 00:00:00

BEIJING, Jan 21 (Xinhua): The World Economic Forum has succeeded in changing Davos, a small Swiss town once well-known as the home of several ski resorts, into a platform to brainstorm ideas on global issues. What magic does the 43-year-old...

Novartis to redeploy jobs in Switzerland

2014-01-22 00:00:00

ZURICH, Jan 21 (Reuters): Swiss drugmaker Novartis plans to cut up to 500 jobs in its pharmaceutical division and create new positions across several divisions as it frees up resources to help support the launch of new drugs. The company...

Gold extends gains on sustained buying, firm global cues

2014-01-22 00:00:00

New Delhi, Jan 21 (PTI) : Gold prices extended gains for the second straight day by adding Rs 20 to Rs 30,200 per ten grams in the national capital Monday on sustained buying by stockists for the marriage season amid...

Oil prices down in Asian trade

2014-01-22 00:00:00

SINGAPORE, Jan 21 (AFP): Crude prices dipped in Asian trade Tuesday on easing supply concerns as a landmark deal to curb oil-rich Iran's disputed nuclear programme came into force. The US benchmark contract, West Texas Intermediate for delivery in February,...

Rupee snaps two-day losses

2014-01-22 00:00:00

Mumbai, Jan 21 (PTI) : The rupee Tuesday snapped its two-day losing streak against the American currency by gaining 14 paise to 61.48 per dollar on selling of green currency by banks and exporters on the back of persistent foreign...

Global Commodity Prices

2014-01-22 00:00:00

SAP says cloud computing to continue to boost sales

2014-01-22 00:00:00

FRANKFURT, Jan 21 (AFP): German software giant SAP said on Tuesday it expects its cloud computing business to continue to boost sales in the coming years, but profit growth will slow this year. SAP said in a statement that group...

Vietnam invests $ 3.2m to reform tra fish industry

2014-01-22 00:00:00

HO CHI MINH CITY, Jan 21 (Xinhua):  The Vietnam Association of Seafood Exporters and Producers (VASEP) and the Vietnam Cleaner Production Centre launched a project worth 3.2 million US dollars on establishing a sustainable tra fish (Pangasius) supply chain by...

Lenovo restarts talks to buy IBM server unit

2014-01-22 00:00:00

NEW YORK/HONG KONG,  Jan 21 (Reuters): China's Lenovo Group Ltd has resumed talks to buy International Business Machines Corp's (IBM) low-end server unit, a source familiar with the matter said, a purchase that would bolster its efforts to diversify beyond...

Yen weakens in Asia as BoJ meet starts

2014-01-22 00:00:00

TOKYO, Jan 21 (AFP): The yen weakened in Asia on Tuesday with a Bank of Japan (BoJ) two-day meeting in focus as investors wait to see if policymakers unveil fresh measures as part of its stimulus programme. In Tokyo afternoon...

Unilever reports 11.0pc profit rise for 2013

2014-01-22 00:00:00

THE HAGUE, Jan 21 (AFP): Dutch food and cosmetics group Unilever reported an 11.0-per cent rise in net profit for 2013 on Tuesday despite a 3.0-per cent fall in sales. Net profit amounted to 4.84 billion euros ($6.56 billion). Sales...

Private sector entrepreneurs asked to avail facility of IPFF

FE Report | 2014-01-22 00:00:00

Bangladesh Bank (BB) governor Dr Atiur Rahman Tuesday urged the private sector entrepreneurs to avail the facility of Investment Promotion and Financing Facility (IPFF) fund at a low interest rate for improving the infrastructure of the country. He was addressing...

FAR Chemical IPO approved

FE Report | 2014-01-22 00:00:00

The securities regulator Tuesday approved the IPO (initial public offering) proposal of FAR Chemical Industries which will raise a fund worth Tk 120 million under fixed price method, officials said. The regulator has also fined the Barkatullah Electro Dynamics Tk...

News Brief

2014-01-22 00:00:00

Bonus shares credited Envoy Textiles: The authorities of Envoy Textiles Limited have informed that they have credited the bonus shares for the year ended on September 30, 2013 to the respective shareholders' BO Accounts on December 29, 2013. Cash dividend...

News Brief

2014-01-22 00:00:00

New Head of Sales, Distribution at SureCash SureCash appoints Sheikh Aminur Rahman as the Head of Sales and Distribution. Before joining SureCash, Mr Sheikh Aminur Rahman was the Regional Sales of Head of Dhaka at Grameenphone where he served more...

Photo: An agreement was signed between ICB Capital Management Limited (ICML) & Gulshan Spinning Mills Limited (GSML)

2014-01-22 00:00:00

Photo: Dutch-Bangla Bank Limited

2014-01-22 00:00:00