Monira MunniThe construction of active pharmaceutical ingredients (API) park will be completed this year which is expected to reduce dependency on imported raw materials, officials said.They said the project faced a land acquisition problem but now the land has successfully...
MUMBAI, Dec 7 (Reuters): India's Civil Aviation Ministry is likely to drop its opposition to higher investment by foreign airlines in the sector and agree to let them hold up to 49 per cent in domestic carriers, the Economic Times...
LAHORE, Jan 7 (Business Recorder): A greater understanding amongst the business communities of Pakistan and the United States is direly needed to further strengthen the trade and economic relations.This was stated by Pakistani US National Shahid Ahmed Khan while delivering...
NEW YORK, Jan 6 (AFP): The euro fell below $1.28 for the first time since in 16 months Friday, as the eurozone debt crisis rolled on.The euro tumbled as low as $1.2698, a level last seen in early September 2010,...
COMMODITY PRICE* CHANGE % CHANGEENERGYBRENT CRUDE FUTR (USD/bbl.) 113.060 0.320 0.28%GAS OIL FUT (ICE) (USD/MT) 960.750 -4.500 -0.47%HEATING OIL FUTR (USd/gal.) 307.020 3.140 1.03%NATURAL GAS FUTR (USD/MMBtu) 3.062 0.082 2.75%GASOLINE RBOB FUT (USd/gal.) 275.160 1.510 0.55%WTI CRUDE FUTURE (USD/bbl.) 101.560...
SEOUL, Jan 7 (Economic Times): Samsung Electronics, Asia's largest consumer-electronics company, reported a record quarterly profit on surging sales of Galaxy phones and a one-time gain from selling its hard-disk drive business. Operating profit (005930) increased 73 per cent to...
LONDON, Jan 7 (AFP): Commodity markets were roiled this week as the dollar surged against the beleaguered euro and oil prices spiked close to eight-month highs on simmering tensions over key crude producer Iran.The European single currency tumbled to yet...
PARIS, Jan 7 (AFP): The eurozone's debt-wracked economies came under renewed pressure on Friday as bad economic data undermined leaders' attempts to reassure markets that an end to the crisis is in sight.Italy's Prime Minister Mario Monti met France's President...
Talha Bin Habib As part of its continued efforts to tame the prices of soybean oil, the government sits with the traders today (Sunday) again at the Tariff Commission office in the capital, officials said. The prices of soybean oil...
Industries Minister Dilip Barua Saturday said the government would help flourish the film industry by bringing it under the industrial sector with required facilities, reports UNB. "We'll take initiatives to bring the film industry under the industrial sector to ensure...
Special CorrespondentBRAC Bank Ltd, the largest SME bank in the country sees the LEAD 2012 as a very good initiative to make the regional economy vibrant. "It is a very good initiative from SAARC Chamber to arrange LEAD 2012 with...
Arafat AraCountry's car sale witnessed a four- year low in the just concluded calendar year 2011 as the prices of the vehicle went high and reached beyond the purchasing capacity of the buyers, industry insiders said.They said following the high...
Islami Bank Bangladesh Limited (IBBL) has recently launched a new deposit scheme for school students titled 'Mudaraba School Students Savings Scheme' with the slogan of 'write, read and make savings'. This scheme was launched to promote the habit of savings...
Bangladesh Telecommunication Company Limited (BTCL) is going to introduce automated billing system within two months for realising its bills from different Synchronous Transport Modules or STMs, commonly known as 'carriers'. "The BTCL Board has already given approval to automating the...
Alternative Dispute Resolution (ADR) will be introduced in cases relating to VAT, income tax and customs from February 1 for quick disposal of the matters, reports UNB.Talking to the news agency at his Indira Road residence Saturday, Law Minister Barrister...
Even about 5 months have elapsed after the visit of Indian Prime Minister Manmohan Singh when he assured of export of electricity to Bangladesh, Indian authorities are yet to settle issues of power tariff and plants from where power to...
Khairul Islam The government is likely to withdraw income tax imposed on the wages of teachers of public universities from the current financial year, sources said. The teachers of public universities have been protesting against the decision to bring them...
SINGAPORE, Jan 7 (Business Standard): The worst could be over for the Indian economy, Swiss bank Credit Suisse said, after contending with many months of stubbornly high inflation and sluggish growth.Robert Prior-Wandesforde, Credit Suisse's Head of Economics for South East...
Waxing value of US dollar against taka is forcing entrepreneurs to import less capital machineries and raw materials but the pressure on the central bank's foreign exchange reserve has mounted as fuel oil import is costing more, reports bdnews24.com.Economists say...
MUMBAI, Jan 7 (AFP): US hotel chain Best Western Friday announced plans to build 66 new hotels in India, part of a nearly $300 million investment in the country's hospitality industry. Ten to 15 hotels are scheduled to be built...
LONDON, Jan 7 (AFP): One of Queen Elizabeth II's daughters-in-law was criticised Saturday for accepting jewels from the royal family of Bahrain, which has been accused of human rights abuses.Dennis MacShane, a former junior foreign minister, said the gift to...
BUDAPEST, Jan 7 (AFP): Fitch ratings agency piled further pressure on Hungary's embattled Prime Minister Viktor Orban Friday as it joined Moody's and Standard & Poor's in downgrading the EU member's debt to "junk" status.But Orban, against whom tens of...
NEW YORK, Jan 7 (Reuters): Hedge fund manager John Paulson lost more than half of the capital in one of his firm's biggest funds, people familiar with the number said Friday. His Advantage Plus fund, which was the firm's worst...
Much improved Farashganj Sporting Club finally exposed Brothers Union Club's weakness as they scraped past them by a solitary goal in a final round match of the Grameenphone Federation Cup at the Bir Shreshtha Shaheed Sepoy Mohammad Mostafa Kamal Stadium...
LIVERPOOL, Jan 7 (AFP): Liverpool were at the centre of another race row on Friday night after Oldham player Tom Adeyemi was alleged to have been racially abused by a supporter at Anfield.The incident happened towards the end of Liverpool's...
Bangladesh International School emerged group G champ in the National School Football Islami Bank Tournament blanking Shaheed Ramiz Uddin Cantonment School by 2-0 goals in the final at the Uttara Friends Social Field Saturday, reports BSS. Earlier, on way to...
The newly appointed general secretary of Bangladesh Table Tennis Federation Syed Kamrul Huda believes that his newly selected committee will be able to revive the table tennis lost glory, reports BSS. He was talking to the agency at BTTF office....
Beginners lifted the trophy of the 28th MM Ispahani National Team Bridge Championship 2011 that concluded Saturday at the ERC, Institute of Engineers, Ramna, Dhaka winning by 280-225 IMPS, said a press release. The championship started on December 29, 2011...
Khulna DSA, Bangladesh Air Force and Bangladesh Police won their respective second round matches of the Citycell 25th National Basketball Championship at Dhanmondi Wooden Floor Gymnasium Saturday, reports UNB.On the day, Khulna beat Bangladesh Police by 62-53 points. The winners...
Three matches of the Trust Bank-Viyellatex 28th National Hockey Competition were decided on the inaugural day at the Moulana Bhasani National Hockey Stadium Saturday, reports BSS.It was Dhaka DSA who had a hay day as they drubbed Rangpur DSA by...
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