Nazmul AhsanBangladesh has finalised its own request-list of 755 items for exclusion from the lists of 'sensitive' items of seven member countries of South Asian Free Trade Area (SAFTA) agreement, official sources said.The Ministry of Commerce (MoC) in consultation with...
AZM AnasThe government will launch the country's largest local-currency equity fund by September that will focus on social and economic infrastructure such as power, energy and transport, finance officials said Tuesday.With a seed capital of Tk. 16 billion (US$220million), the...
FE ReportDhaka stocks rose almost one per cent Tuesday, pushing the benchmark index to an all time high driven by fuel and power stocks.The DSE General Index (DGEN), the main gauge of the market, surged by 0.72 per cent or...
FE ReportThe Chief Executive Officer (CEO) of Unilever Plc, Paul Polman, is arrives Dhaka tomorrow (Thursday) on a three day visit to Bangladesh. Paul took over the CEO role on January 01, 2009. Prior to joining Unilever, Paul was in...
FE ReportThe securities regulator has said it will continue stepping up its surveillance of the country's two bourses, officials said.The decision came after a commission meeting chaired by the Securities and Exchange Commission (SEC) chairman held Tuesday at the Commission...
FE ReportAt least 50 people, including 10 policemen, were injured Tuesday after a fierce clash between apparel workers and law enforcers at Kanchpur industrial hub as they blockaded Dhaka-Chittagong Highway, demanding reinstatement of their fellow workers.Police and eye witnesses said...
Opinion will be sought from the Cabinet Division for determining which ministry and directorate will work as leading ministry and focal point for the country's ship-breaking industry. The decision came from an inter-ministerial meeting.— UNB
Parliamentary standing committee on Land Ministry Tuesday recommended cancellation of deal with the project developer of the government-funded Bhashantek housing project for the slum dwellers and low income people. The committee at a meeting viewed that the objective of the...
FE ReportIndustries Minister Dilip Barua said the oceangoing shipping industry will be included in the new industrial policy, as sea-vessels transport 90 per cent of the country's export-import goods."We will take initiatives to include the oceangoing shipping industry in the...
FE ReportThe country's garment accessories makers Tuesday demanded withdrawal of the mandatory rule for printing 'import under bond, not for resale' in all the packages while importing raw materials.Bangladesh Corrugated Carton and Accessories Manufacturers and Exporters Association (BCCAMEA) made the...
Prime Minister (PM) Sheikh Hasina has urged all to plant at least three saplings by each individual on open spaces including campuses of different educational institutions to protect environment and bio-diversity. "I call upon you all including the people's representatives,...
FE ReportAgriculture Minister Matia Chowdhury Tuesday came down heavily on Bangladesh Bureau of Statistics (BBS) for providing misleading figures about this year's Boro output that downgraded earlier projection made by the government. "There should be coordination among all government agencies...
FE ReportThe securities regulator Tuesday formed an enquiry committee to probe the recent unusual price hike of ICB Islamic Bank shares.The share prices of ICB Islamic Bank, formerly known as Oriental Bank, increased more than double in the last one...
Musa Ibrahim, the first Bangladeshi Everest conqueror, returned home Tuesday after his glorious Expedition, reports BSS.He arrived at Hazrat Shahjalal International Airport at 4:20 pm to be greeted by eminent personalities and media people at the VIP lounge of the...
Fu Wang Ceramic Industry Ltd. has contradicted a news item published in the Financial Express (FE) in its May 31 issue under the caption "Fu Wang Ceramic EGM ends in fiasco".In a rejoinder the company management claimed that the contents...
MUMBAI, May 31 (Economic Times): A benchmark index for Indian equities Monday was trading on a flat note in afternoon trade after making modest gains on news that the economy grew at a robust 8.6 per cent in the last...
MUMBAI, May 31 (Reuters): British bank Standard Chartered raised about $530 million after pricing its Indian depositary receipts (IDRs) towards the lower end of the indicated range on Sunday in the first issue of its kind. Standard Chartered will list...
TOKYO, May 31 (Agencies): Japanese shares closed flat Monday after a mixed session weighed down by eurozone worries following Spain's credit rating downgrade, but bargain hunting lifted some exporters as the yen weakened. The headline Nikkei index of the Tokyo...
HONG KONG, May 31 (Reuters): China's second-largest wind turbine maker, Xinjiang Goldwind Science & Technology Co Ltd, plans to raise up to $1.2 billion in a Hong Kong initial public offering, sources close to the deal said.The offering will test...
SHANGHAI, May 31 (Reuters): Bank of Shanghai, a city commercial bank based in China's financial hub, plans to issue up to 1.2 billion shares in an initial public offering, local media reported Monday.The bank has not yet submitted its listing...
NEW YORK, May 31 (Bloomberg): Crude oil rose on speculation that economic growth in the US, the world's biggest energy consumer, will sustain a global recovery in fuel demand.Oil climbed above $74 a barrel in New York after Federal Reserve...
SINGAPORE, May 31 (Bloomberg): Raw-sugar prices, which slumped by more than half after reaching the highest level since 1981, may gain as stockpiles are rebuilt and ethanol demand increases, according to Queensland Sugar Ltd. Chairman Alan Winney."It looks pretty positive,"...
FE ReportUnderlining relentless commitment to offering the best in-flight entertainment in the air, Emirates has won the 'World's Best Airline In-flight Entertainment' award for the sixth year running at the 2010 Skytrax World Airline Awards.Emirates faced stiff competition from other...
KUALA LUMPUR, May 31 (Bloomberg) -- Malaysia's palm oil exports grew 13.1 per cent in May from a month earlier, led by purchases from India and the Americas, independent market surveyor Intertek said.A total of 1,332,026 tonnes were tracked in...
Our Correspondent JOYPURHAT, 31 May: Varieties of summer fruits have arrived in the local markets in plenty. Mango, litchi, watermelon, pineapple, banana, jackfruit, blackberry, bangi are now available in the district markets. But the price of the fruits are high...
May 31, Monday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Monday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.550086.1560101.00200.768660.564766.651859.3921Agrani Bank69.550086.0204100.99190.770760.501766.527059.1201FCBsStanChart69.6787.16101.080.7961.0666.3758.97HSBC 69.647587.3236102.37570.785060.974566.712559.7944Citibank naNANANANANANANABank of Ceylon69.660087.6348103.02960.790661.515467.168161.9417PCBsUttara Bank69.600086.5275101.15930.776460.362066.625459.3171AB Bank69.670087.3500102.13020.7809NANANABuying rates from public (inward...
ASHDOD, Israel, May 31 (AFP): Israeli navy commandos stormed a Gaza-bound aid flotilla in international waters Monday, killing up to 19 pro-Palestinian activists in a pre-dawn raid that sparked global outrage.The bloody ending to the high-profile mission to deliver supplies...
LAHORE, May 31 (AP): Pakistan lifted a ban on Facebook Monday after officials from the social networking site apologized for a page deemed offensive to Muslims and removed its contents, a top information technology official said.The move came almost two...
KATHMANDU, May 31 (AFP): Nepal's opposition Maoist party Monday urged the prime minister to step down quickly, warning that failure to do so would result in "serious crisis" in the troubled country.Prime Minister Madhav Kumar Nepal agreed late Friday to...
BANGKOK, May 31 (Reuters): Thailand's parliamentary opposition accused Prime Minister Abhisit Vejjajiva of human rights abuses Monday in a no-confidence motion centered on the use of violence during a crackdown on anti-government protests.The two-day debate aims to focus attention on...
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