MUMBAI, Jan 5 (Reuters): Indian shares erased gains in late trade Thursday and dropped for a second session in a row on concerns quarterly results starting next week will mostly show a sharp drop in earnings growth and will weigh...
COLOMBO, Jan 5 (LBO): Sri Lanka stocks closed 0.5 per cent lower Thursday in thin trade, with shares weakening for the third straight day, while bond rates held steady, brokers and dealers said.The benchmark Colombo All Share Index fell 33...
Md Jamal UddinThe country's about US$250 million software industry has failed to achieve its expected growth due mainly to some problems including lack of adequate infrastructure and global recognition, according to a survey. The country's giant business houses of financial...
Syful IslamThe state owned enterprises (SoEs) owe Tk 24.61 billion to the Petrobangla and the Bangladesh Petroleum Corporation (BPC) putting the oil and gas managers in serious liquidity crisis, sources said.Of the outstanding dues until October, 2011, Tk 15.31 billion...
Jubair HasanThe ongoing dispute between garment wastes exporters and recyclers over export of clothing leftovers has remained unresolved prompting the Ministry of Commerce (MoC) to come up for the settlement.As per the special move, the MoC will sit with garment...
Monira MunniThe government will formulate a geographical indication law within this year in a bid to protect the country's special products and intellectual property, officials said.Ministry of Industries (MoI) has already started collecting opinions from the business bodies and stakeholders...
COLOMBO, Jan 5 (Reuters): Sri Lanka's state-owned Bank of Ceylon is considering a $500 million bond issue with a likely tenure of 10 years and expects to go the market in the middle of this year to meet the bank's...
MANILA, Jan 5 (AFP): Philippine inflation slowed in December, staying within the government's target range for the whole year, the state statistics office said Today. The December figure of 4.0 per cent helped keep the rate for the full year...
M. Shaifur Rahman Mazumder and Sarwar Uddin were elected chairman and honorary secretary respectively of Chittagong Regional Committee of Institute of Chartered Accountants of Bangladesh (ICAB). M. Shaifur Rahman Mazumdar completed his CA course under Rahman Rahman Huq, Chartered Accountants,Chittagong....
Taposh Kumar Roy joined the Dhaka Power Distribution Company (DPDC) as chairman Wednesday, said a press statement. The post of DPDC chairman is equivalent to the post of additional secretary. He worked in Rural Development and Cooperative Division under the...
TOKYO, Jan 5: Japan's domestic sales of new cars, trucks and buses slumped 15 per cent in 2011 mainly due to the huge disruption sparked by March's quake and tsunami, industry groups said Thursday. Sales fell to 4.21 million vehicles...
FE ReportBoth policymakers and entrepreneurs Thursday underscored the need for formulating a prudent policy for the development of the motorcycle manufacturing industry in Bangladesh.They said Bangladesh has not been able to reach an expected stage in this sector which is...
January 5, 2012Overview:The DGEN was down by 0.3 per cent to close at 5467.00 points. The total transaction was worth Tk 6.78 billion.Price of 84 Issues appreciated whereas 168 Issues declined and 11 others remained unchanged.After a strong upward rally,...
NEW DELHI, Jan 5 (AP): The Tata Nano, the dirt-cheap everyman's car that started with great fanfare but faced seemingly endless troubles, will eventually prove itself a strong product, the outgoing Tata chairman said Thursday. But he acknowledged the company...
JAKARTA, Jan 5 (ANN): Indonesia's palm oil production and exports are expected to grow this year thanks to strong demand from India and China despite lingering economic uncertainty in the US and Europe, an association says.Indonesian Palm Oil Producers Association...
WASHINGTON, Jan 5 (Reuters): New claims for unemployment benefits fell by 15,000 last week in the latest sign the labor market was improving and could help the country resist the effects of a likely euro zone recession.Initial claims for state...
BEIJING, Jan 5 (AFP): China's commerce ministry said Wednesday the nation's foreign trade was due to grow at an annual rate of 10 per cent to reach $4.8 trillion by 2015, as it issued development goals for the next four...
Arafat AraProbashi Kalyan Bank (PKB) will provide loans for rehabilitation of the workers facing hard time for financial crisis after coming back home from different countries, said officials.PKB, the lone specialised bank in the country, conducted a study among such...
SINGAPORE, Jan 5 (Reuters): Brent crude rose toward $114 a barrel Thursday as fears of an Iranian supply disruption mounted after the European Union agreed to cut off oil imports from the No. 2 OPEC producer, offsetting jitters over the...
BEIJING, Jan 5 (Xinhua): China's inflation rate may rise 4 per cent in December from a year earlier, driven by higher food prices in the upcoming festive season, experts said Thursday.Food prices, especially of vegetables, have been rising recently due...
FE ReportSpeakers at a seminar Thursday viewed that Bangladesh and Japan can develop a new pattern of bilateral relations in the face of emerging geostrategic and geo-economic conditions in South Asia and beyond. They said overriding focus on overseas development...
LONDON, Jan 5 (Reuters) - Gold slipped on Thursday, hit by a weak euro on escalating concerns about the euro zone debt crisis, although losses were limited as rising tensions between Iran and western countries helped fuel some safe-haven buying....
SINGAPORE, Jan 5 (Reuters): Malaysian crude palm oil futures slipped Thursday on rekindled investor caution over the euro zone debt crisis, although weather concerns in oilseed growing regions limited losses.A French bond auction due later in the day renewed jitters...
WASHINGTON, Jan 5 (Reuters): More consumers made their home equity loan payments on time in the third quarter of 2011 and a broad measure of consumer delinquencies fell to its lowest point in four years, according to data released Thursday...
LONDON, Jan 5 (Reuters): ICE sugar eased on producer selling Thursday, while robusta coffee dipped holding above a two-month low on Vietnamese crop pressure, and cocoa eased in thin volume amid expectations of further hedging from Ivory Coast.ICE front-month raw...
The country's exports to key destinations like Germany, UK and France posted moderate growth in the July-October period of the current fiscal, compared to the same period of the previous fiscal, reports UNB.In July-October of the current fiscal, exports to...
NEW DELHI, Jan 5 (AFP): The world's leading car makers jostled for space at the start of India's Auto Expo Thursday, eyeing a market that has slowed sharply but remains a hotspot compared with depressed Western economies. The exhibition, which...
YANGON, Jan 5 (Xinhua): Myanmar's labor authorities have coordinated with counterparts of Singapore and Thailand to grant visas to Myanmar migrant workers on condition that they are legally registered with the Myanmar labor ministry, local media reported today. Only those...
NEW DELHI, Jan 5 (PTI): India Wednesday sought investment in its infrastructure sector from Saudi Arabia, which is looking for stepping up commercial engagement with New Delhi amid a lack of opportunity in crisis-ridden Europe and uncertainty in the US....
KARACHI, Jan 5 (Reuters): Pakistan's foreign exchange reserves rose to $16.92 billion in the week ending Dec. 30, compared with $16.77 billion the previous week, the central bank said Thursday. Reserves held by the State Bank of Pakistan (SBP) were...
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