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Japan household spending slumps, output flat as tax pain persists

Leika Kihara and Stanley White of Reuters from Tokyo | 2014-09-01 00:00:00

Japanese household spending fell much more than expected and factory output remained weak in July after plunging in June, government data showed, suggesting that soft exports and a sales tax hike in April may drag on the economy longer than...

Potential losses in suspected China port metals financing fraud top $1.2b

Melanie Burton and Fayen Wong of Reuters from Shanghai | 2014-09-01 00:00:00

Industrial and Commercial Bank of China (601398.SS), the country's largest bank, suffered a loss of less than $200 million (120.59 million pounds) to take a spot among the worst hit banks and trading houses impacted by a suspected fraud at...

Fears of addiction keep cancer patients from getting pain relief

Randi Belisomo of Reuters from New York | 2014-09-01 00:00:00

Fears of opioid abuse and addiction might be keeping patients with advanced cancer from getting enough pain medicine, researchers say. "At the end of life, we should feel comfortable providing whatever necessary to control pain," said Joel Hyatt, assistant regional...

US banking group unaware of any \\\'significant\\\' cyber attack

Jim Finkle of Reuters from Washington | 2014-09-01 00:00:00

An influential US financial services industry group that shares information about cyber threats has said it is unaware of any "significant" cyber attacks, downplaying concerns about possible breaches at JPMorgan Chase & Co and other banks. The group, known as...

Ukraine seeks to join NATO; defiant Putin compares Kiev to Nazis

Alexei Anishchuk and Richard Balmforth of Reuters from Kiev | 2014-09-01 00:00:00

Ukraine called last week for full membership in NATO, its strongest plea yet for Western military help, after accusing Russia of sending in armored columns that have driven back its forces on behalf of pro-Moscow rebels. Russian President Vladimir Putin,...

DSE turnover dips below Tk 5.0b-mark

FE Online Report | 2014-08-31 00:00:00

Stocks ended lower for the second running session on Sunday with turnover dipped below Tk 5.0 billion mark after 10-session as investors followed cautious stance. DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,549.52 points, shedding...

DSE, CSE stocky amid slack shutdown

FE Online Report | 2014-08-31 00:00:00

Trading at the country’s two bourses – the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) – was stocky amid lax shutdown in the early hours of Sunday’s session, the opening day of the week. DSEX, the prime...

Govt moves to export coarse rice to Sri Lanka amid fear of crop loss

Badrul Ahsan | 2014-08-31 00:00:00

The government has taken an initiative to export coarse variety of rice to Sri Lanka amid fear of huge crop loss due to the on- going flash flood, sources said. Following an urgent request from the Sri Lankan government to...

Pakistan political crisis: A new twist with army assuming mediator\\\'s role

Zaglul Ahmed Chowdhury | 2014-08-31 00:00:00

There is no major sign of a resolution of the political impasse in Pakistan rather the crisis has taken a new turn. The army has descended on the scene as the go-between for mediating a settlement of the dispute between...

Illegal gas, power connections

Khalilur Rahman | 2014-08-31 00:00:00

A mobile court in a drive conducted recently in Mirzapur upazila (sub-district) of Tangail-district snapped more than 2000 illegal gas connections. Press reports say, the inhabitants of the area informed journalists that some politically influential people, in connivance with a...

Palm oil: The highest consumed edible oil in Bangladesh

A.K.M. Fakhrul Alam | 2014-08-31 00:00:00

In Bangladesh, palm oil is now a very familiar edible oil. In this country, palm oil is synonymous with Malaysia. Whatever be the source of import of palm oil, Bangladeshi people think that it is from Malaysia. Palm oil made...

Poverty—stumbling block to progress

Sarwar Md. Saifullah Khaled | 2014-08-31 00:00:00

Bangladesh is a country of 160 million people with a population density coming to 1142/sq.km. Its economy is not big and developed enough to support such a vast population; high incidence of poverty is the ultimate result. There is a...

Industry pushes for telecom policy review

Khairul Islam | 2014-08-31 00:00:00

The country's cellphone operators will push the government for forming a joint taskforce immediately to revise the current telecom policy what they call 'outdated'. Officials have said the existing policy is the major hindrance to attracting large-scale foreign investments in...

Customs upgrade underway to speed up shipment

Doulot Akter Mala | 2014-08-31 00:00:00

Three foreign development partners and a UN agency have begun assisting country's customs department in implementing its modernisation plan for removing hurdles that delay external trade clearance and thereby increase the cost of commodities. Officials expressed the hope with the...

Passenger launches to come under fitness survey

Syful Islam | 2014-08-30 00:00:00

The government has decided to conduct a thorough assessment of fitness of all passenger launches for the sake of safe waterway journeys to avoid recurrent accidents, official sources said. A five-member committee, headed by engineer and ship surveyor of the...

Stocks post modest gain as investors net profit

Babul Barman | 2014-08-30 00:00:00

Stocks posted a marginal gain last week that ended Thursday as investors booked profits and re-balanced portfolio, after previous week's slight fall. Last week featured five trading sessions as usual. Of them, three sessions closed higher while two saw marginal...

Bumpy road ahead of BRICS

Saleh Akram | 2014-08-30 00:00:00

BRICS, the acronym for an association of five major emerging economies -- Brazil, Russia, India, China, and South Africa -- came into existence presumably to lessen global economic supremacy of the USA and its European allies and additionally inform the...

How Digital Bangladesh can help reduce hassles

Abdullah Mohibuddin | 2014-08-30 00:00:00

On the 1st day of each month, I sit with the computer to pay all monthly bills through online. Here in Canada, every bank has set up its internet banking. Internet banking is convenient, easy and 100% secure. Again, at...

Agony of lonely hearts in advanced age

Nilratan Halder | 2014-08-30 00:00:00

Some people desire that they be left alone. Born introvert and enjoying solitude in an atmosphere of contemplation, such people are expected to be voracious readers if not claustrophobic and mentally deranged. Creativity at times demands loneliness as the best...

Govt suspends CSR activities of 4 SoCBs

Syful Islam | 2014-08-29 00:00:00

The government has put corporate social responsibility (CSR) activities of four state-owned commercial banks (SoCBs) on hold. The suspension came as capital adequacy and overall provisioning of the banks have come under pressure following spending of large amount of funds...

Tk 10b initiative to carry out dev, maintenance of dist road network

Munima Sultana | 2014-08-29 00:00:00

The ministry of communication (MoC) has taken a fresh initiative to carry out development and maintenance work of its road network involving Tk 10 billion after it failed to complete such kinds of projects during the last few years. The...

Protecting children\\\'s rights

S.M. Rayhanul Islam reviewing Unicef\'s State of the World\'s Children 2014 | 2014-08-29 00:00:00

At a time when the world is about to commemorate the 25th anniversary of the Convention on the Rights of the Child in November 2014, with the Millennium Development Goals (MDGs) 2015 deadline approaching, credible data about children's situations around...

\\\'Culture of peace\\\' in educational curriculum

Pamelia Khaled | 2014-08-29 00:00:00

Children learn in their early days how to express themselves, read clearly, speak articulately and using pitch and tone in their class presentation and speech in any event. Children at elementary stage also express themselves through writing skills such as...

Fighting injustice in society

Nilratan Halder | 2014-08-29 00:00:00

The death of a widow following inhuman torture in a village under Pirojpur, a coastal district, has sent shockwaves across the country. A mother of two, she saved Tk 35,000 by working as a domestic help. She lent the money...

Health care: Sliding down must be checked

Waliul Huq Khandker | 2014-08-29 00:00:00

Health care, food and education are the three basic needs in human life. A sick person can not carry out his responsibilities as expected nor can he fulfil his family obligations. Rather he becomes a burden to his family and...

Stocks down, turnover up slightly

FE Online Report | 2014-08-28 00:00:00

Stocks closed lower on Thursday after three-session gaining streak with turnover rose slightly as investors booked some profit on selected stocks. DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,577.99 points, shedding 21.47 points or 0.46...

DSE, CSE down at opening

FE Online Report | 2014-08-28 00:00:00

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw negative trend in early hours of trading on Thursday amid modest fluctuations, the last trading day of the week. DSEX, the prime index of the DSE, went down...

Gas crunch turns severe, hits the industries hard

Ziaur Rahman and Shah Alam Nur | 2014-08-28 00:00:00

An acute shortage of energy and power, especially natural gas, has emerged as a major threat to country's economy as it is causing huge production losses in mills and factories, including the export-oriented ones. Sources in business circles said in...

Tk 0.5m compensation allowed if stockbroker turns defaulter

Mohammad Mufazzal | 2014-08-28 00:00:00

An individual investor has been allowed to claim up to Tk 0.5 million as compensation from the Investors' Protection Fund (IPF) if his stockbroker becomes defaulter with securities and money, officials said. The compensation facility for the clients of defaulting...

Challenges of Post-2015 Development Agenda

Shamsul Alam | 2014-08-28 00:00:00

It is to be noted that Prime Minister Sheikh Hasina was present in the UN Millennium Summit held in September 2000 as Head of the Government and was one of the signatories of the Millennium Declaration, based on which were...