FE Today Logo

Search results for:


BNP threatens tough movement against fuel price hike

2011-11-15 00:00:00

Opposition BNP on Monday threatened to go for a tough movement after its November 15-16 demonstrations if the government does not withdraw its decision on fuel oil price hike, reports UNB. BNP acting secretary general Mirza Fakhrul Islam Alamgir said...

DGEN hits 2-year low, dips below 5,000 points-mark

2011-11-15 00:00:00

FE Report Dhaka stocks again witnessed sharp decline Monday and DGEN came down to nearly two-year low to dive below 5,000 points level, as investors sold off shares out of panic fearing further debacle in the stock market. The DGEN...

SEC asks brokerage houses to refrain from forced selling

2011-11-15 00:00:00

FE Report The securities regulator has expressed its deep concern over the continuous flagging trend of the market and asked the stakeholders to play due roles of institutional investors for the sake of market, officials said. At the same time,...

BSRM EGM approves changes in FV, lot

2011-11-15 00:00:00

Our Correspondent CHITTAGONG, November 14: The 6th extraordinary general meeting of the BSRM Steels Ltd concluded today at a community centre in the city. Chairman of the company Alihussain Akbar Ali presided the meeting while managing director Amir Ali Hussain,...

Daimler SE Asia CEO due today

2011-11-15 00:00:00

FE Report Wolfgang Erhard Huppenbauer, CEO, Daimler South East Asia, arrives in Dhaka today (November 15) on a 1-day official visit. He is scheduled to meet the senior officials of Rancon Motors Ltd., key client group of Mercedes-Benz in Bangladesh....

ICAB president off to Germany

2011-11-15 00:00:00

Parveen Mahmud, President, ICAB left Dhaka for Berlin, Germany Monday to join the the Board and Council Meetings. The meetings will be hosted by Wirtschafts Orofer Kammer (WPK) and Institute Der Wirtschftsprufer. The formal business of the Council Meeting will...

Ban on hybrid shrimp keeps BD from higher forex income

2011-11-15 00:00:00

Badrul Ahsan The government's apathy to allow cultivation of hybrid white shrimp and lack of modern technology are depriving the country of earnings over US$2.0 billion in exports a year, industry insiders said. The government in mid- 90s had imposed...

Jute export volume down in Q1

2011-11-15 00:00:00

Yasir Wardad Export volume of jute goods declined in the first quarter of the current fiscal year hurt by poor demand, but the shipment value rose, compared with the same period a year ago. Shipment from public and private jute...

Plastic goods exports jump 58pc in four months

2011-11-15 00:00:00

Shah Alam Nur Plastic exports climbed by 58.30 per cent in the first four months of the current fiscal, helped by international restrictions on Chinese products. Bangladesh earned Tk 2.27 billion by exporting plastic products in July-October period of 2012...

Govt opens spl mkt in city to sell women-made items

2011-11-15 00:00:00

Talha Bin Habib The government will launch a specialised market tomorrow (Wednesday) in the capital to ensure fair prices of products, made by rural women, officials said. Prime Minister Sheikh Hasina will formally inaugurate the market at Rapa Plaza at...

$100-110 fair price for oil, says Algeria

2011-11-15 00:00:00

DOHA, Nov 14 (AFP): Algerian Energy Minister Youcef Yousfi said Monday that $100-110 a barrel is a "fair" price for oil which will not have any major impact on the global economy. The current oil price "has no major (negative)...

All major economies headed for slowdowns: OECD

2011-11-15 00:00:00

PARIS, Nov 14 (Reuters): None of the world's major economies will escape a slowdown, the Organization for Economic Co-operation and Development said Monday, highlighting increasing signs that growth momentum is dwindling across the board. The Paris-based organisation's composite leading indicator...

Moody's raises alarm over Sri Lanka nationalisation

2011-11-15 00:00:00

COLOMBO, Nov 14(AFP): Global credit ratings agency Moody's on Monday warned that Sri Lanka's new law to nationalise "under utilised" private firms was a blow to attracting foreign investment into the island. The government on Friday signed into law a...

News Briefing

2011-11-15 00:00:00

B'desh gets $172m WB fund for solar home systems The government of Bangladesh Monday signed a US$172 million financing agreement with the World Bank for the ongoing 'Rural Electrification and Renewable Energy Development Project (RERED)' project. Under the deal, the...

India, Pakistan pledge to normalise trade ties

2011-11-15 00:00:00

NEW DELHI, Nov 9 (AFP): Top officials of India and Pakistan began talks Monday to flesh out a plan to open up trade between the countries, after Islamabad said it would grant most-favoured nation status to its arch rival. Pakistan's...

Japan economy rebounds from post-quake slump

2011-11-15 00:00:00

TOKYO, Nov 14 (AFP): Japan's economic growth surged in July- September as efforts to restore supply chains and make up for lost output in the wake of the March disasters helped Japan to its first expansion in four quarters. The...

Asian Tiger Capital Partners market update on DSE

2011-11-15 00:00:00

The Benchmark General Index DGEN plummeted for the second consecutive trading day, once again losing more than three percent. The psychological support level of 5000 was breached with the DGEN closing 23 points below 4900 as retail investors continued their...

Eurozone official industrial output falls in September

2011-11-15 00:00:00

BRUSSELS, Nov 14 (AFP): Industrial production fell by 2.0 per cent across the 17-nation eurozone in September, official figures showed on Monday, with Italy recording a heavy slide. Overall, production of capital goods dropped by 4.2 per cent while output...

Launching of aquaculture alliance deferred to Dec

2011-11-15 00:00:00

Monira Munni Launching of Bangladesh Aquaculture Alliance (BAA) has been deferred to next month (December) for some technical and internal problems, officials said Monday. The BAA will begin working to ensure traceability, quality and augmented production in December which was...

India's October inflation above forecast

2011-11-15 00:00:00

NEW DELHI, Nov 14 (Reuters): India's wholesale prices rose by more than expected in October as the cost of food and fuel increased, raising doubts about the central bank's outlook that price pressures will abate by the end of the...

BCI worried over recent fuel price hike

2011-11-15 00:00:00

FE Report Bangladesh Chamber of Industries (BCI) Monday voiced deep concern over the price hike of fuel oils for the third time in the current fiscal. In a press release, signed by Shamsur Rahman, acting president of BCI, said the...

China has not moved quickly enough on yuan: Obama

2011-11-15 00:00:00

HONOLULU, Nov 14 (BBC): US President Barack Obama has said that China is not doing enough to allow its currency to rise in value. Speaking at the Asia Pacific Economic Cooperation (Apec) summit in Hawaii, President Obama said China needed...

Professionals' grand rally Nov 20

2011-11-13 00:00:00

A grand rally of Peshajibi Somonnoy Parishad, a platform of different professionals including lawyers, journalists, physicians, engineers, teachers, agriculturists and economists, will be held on November 20 at Bangabandhu International Convention Centre in the city, reports BSS. Prime Minister Sheikh...

Vested quarters want govtto accept unsolicited deal

2011-11-13 00:00:00

Jasim Uddin Haroon Influential quarters are allegedly pressing hard the ministry of civil aviation to award the job of 'comprehensive security management' at Hazrat Shahjalal International Airport to a Canadian company, sources told the FE Saturday. But the ministry wants...

Bapex hits more gas at Saldanadi

2011-11-13 00:00:00

Bangladesh Petroleum Exploration and Production Company Ltd (Bapex) hit more gas in the second zone of Saldanadi gas field in Kasba Upazila of Brahmanbaria district, reports BSS. Bapex officials said they would get at least 20 million cubic feet of...

Credit growth in private sector declines further

2011-11-13 00:00:00

Siddique Islam The credit growth rate in the private sector declined further in September last as the commercial banks are cautiously disbursing loans, bankers said Saturday. The rate of private sector credit growth came down to 21.98 per cent in...

CNG-consuming assocs threatento go on indefinite strike

2011-11-13 00:00:00

FE Report Leaders of five associations whose members consume compressed natural gas (CNG) have threatened to shut down their businesses for an indefinite period if the government further increases the price of the environment-friendly fuel. They also came down heavily...

Hart wants to play all the way through to finals

2011-11-13 00:00:00

LONDON, Nov 11 (AFP):England goalkeeper Joe Hart has told coach Fabio Capello he is willing to risk burn-out by playing every minute of his country's preparations for Euro 2012. Hart is firmly established as England and Manchester City number one...

Chelsea's Villa-Boas charged over referee criticism

2011-11-13 00:00:00

LONDON, Nov 11 (AP): The English Football Association has charged Chelsea manager Andre Villas-Boas with improper conduct over his criticism of a referee. Villas-Boas said Chris Foy's performance in Chelsea's 1-0 loss at Queens Park Rangers last month was "very,...

Expert for redesigning PTIsto ensure quality education

2011-11-13 00:00:00

All the country's Primary Training Institutes (PTIs) need to be redesigned with new curricula and innovative methodologies to ensure quality primary education, according to an educationist. "Training facilities for the school teachers should also be increased to improve the quality...