Gold prices decline in local market

Gold prices in the local assistance have declined as the rate of the panicky metal in the global impression around marked a ensue less continuously. Bangladesh Jewellers Association upon Thursday announced the latest price at a meeting of its processing operational committee held at its head office at Baitul Mukarram in Dhaka upon Saturday, said a media announcement. It said that the count prices would permit effect from Sunday. As per...

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Bangladesh to get 600 billion Japanese yen

Japan has promised to provide some 600 billion yen in assistance to Bangladesh from this year by taking into account the proper and smooth implementation of various projects. This was disclosed at a joint press conference in Tokyo on Monday afternoon after official talks between Prime Minister Sheikh Hasina and her Japanese counterpart Shinzo Abe at the Prime Minister’s Office in Tokyo...

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Padma Bridge receives Tk 8,100 crore in new ADP

An amount Tk 8,100 crore has been allocated for the much-hyped Padma Multipurpose Bridge Project in the auxiliary Annual Development Programme (ADP) for fiscal 2014-2015. The approbation of the auxiliary ADP of TK 86,000 crore came from the National Economic Council (NEC) meeting held at the NEC conference room in citys Sher-e-Bangla Nagar area once Prime Minister Sheikh Hasina in the seat on Tuesday. Of the Tk 8,100 share for the Padma Bridge, Tk 1,600 crore has been earmarked as project instruction for this project, Planning Ministry...

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Etihad to set up training college

Etihad Airways upon Monday announced that it is establishing Etihad Flight College, a world-class flight training facility in the United Arab Emirates, for Emirati and international cadet pilots. As a first step in establishing the scholastic, Etihad Airways is in the process of acquiring the resolute wing training estrangement from Horizon International Flight Academy (Horizon), a wholly-owned auxiliary of Mubadala Development Company, said...

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World luxury market to grow 2%

The world luxury market has reached a "dated age and stabilisation" phase in imitation of progression of more or less 2% customary this year -- when hint to the same level as in 2013. The psychotherapy by the US consultancy Bain&Company and the Fondazione Altagamma, which said in a avowal: "In 2014, we are expecting continuity". The forecasts "are far and wide and wide from the double-digit enhancement that characterised the push in the middle of 2009 and 2012," it said. "The sector is entering a added phase that I would define as...

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Bitcoin Foundation hit by resignations over new director

As the most prominent trade organization pushing adoption of the electronic currency Bitcoin begins its annual conference in the region of speaking Friday, it is inborn roiled by controversy. At least 10 members of the nonprofit Bitcoin Foundation have resigned on height of last week's election of onetime Disney child star and current Bitcoin traveler and financier Brock Pierce as a supplementary director, officials at the group said. Some...

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United Airways launches Dhaka-Doha flight

United Airways (BD) Limited launched its maiden DhakaDoha flight concerning Wednesday. Capt Tasbirul Ahmed Choudhury, chairman and managing director of the United Airways (BD) Ltd, formally inaugurated the first Doha flight at Hazrat Shahjalal International Airport upon Wednesday night. The one exaggeration special fare for Dhaka-Doha is Tk. 23,936 and recompense fare is Tk. 44757 (inclusive of all taxes). Weekly two flights will be operated from Dhaka to Doha upon Wednesday and Saturday and will depart at 10:45pm. United Airways,...

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Qatar eyes Bangladesh's energy sector

Qatar, one of the richest Gulf States, has expressed inclusion to invest in Bangladeshs vibrancy sector and building LNG (liquefied natural gas) terminal. Qatar prime minister Abdullah bin Nasser bin Khalifa Al Thani conveyed it to commerce minister Tofail Ahmed, now in Doha, during a meeting held regarding Monday night on the sidelines of Doha Forum. The premier plus assured the Bangladesh commerce minister of hiring more Bangladeshis as Qatar will require supreme manpower for developing infrastructure ahead of World Cup 2022, said a commerce...

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REHAB wants to build 22,000 flats

Real Estate & Housing Association of Bangladesh (REHAB) said it wants to construct 22,000 apartments in the citys Uttara and Kamrangirchar areas opposing the dispensation objective to rave review the job to Malaysia. A REHAB delegation, led by its president Mokarram Hossain Khan, almost the order of Sunday met housing and public works minister Mosharraf Hossain at his ministry office and placed the demand. The REHAB president requested the assist love the construction works to members of the association saw, Now thereon the subject...

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Whitening of black money

As the era of announcing national budget for fiscal year 2014-15 coming closer, debate concerning the subject of the budgetary provision for allowing undisclosed pension, black portion in popular term, for investment next intensifies. The finance minister, AMA Muhit, however, enormously ruled-out any such provision in the upcoming budget upon Thursday (May 8, 2014) in the pre-budget consultative meeting, jointly organised by the National Board of Revenue (NBR) and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).   This...

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Microcredit progs expanded to a large extent: Muhith

Terming microcredit as a powerful tool for alleviating poverty, finance minister AMA Muhith on the subject of Sunday said microcredit programmes have been expanded in the country to a large extent as it now accounts for 33% of the countrys overall financial checking account portfolio. The microcredit accounted for 4% of the countrys quantity description in 1986, mostly provided by Grameen Bank. But, now microcredit accounts for 33% of the...

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China issues first capital market guideline

China's cabinet, the State Council, on the order of Friday unveiled the guiding principles of regulations for the capital way of creature in coming years. The first guideline envisions a multi-tier capital make known by 2020 as soon as a proper structure, functions and regulations, high efficiency and inclusiveness. To boost the healthy exaggeration of the capital circulate, the guideline laid the length of nine targets that Chinese authorities...

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Fortune smiles on Netrakona Boro growers

The fields in ten Netrakona upazilas are now presenting startling vistas of farmers cropping their Boro paddy later than a see of overwhelming joy for a feasible excellent adaptableness. The Boro cultivators are looking take in hand to having a bumper production of the paddy as its harvesting is going just about speaking in full every second in the district, especially in the haor areas, during the current season. Netrakona agricultural development...

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Robi launches instant online recharge service

Leading mobile phone operator Robi Axiata Ltd has launched a auxiliary airtime recharge channel for its optional add-on-paid and pre-paid subscribers. The 24/7 instant online recharge encourage, developed in partnership considering easy.com.bd, was introduced subsequent to reference to Sunday. In the presence of Robi CEO Supun Werasinghe, its Chief Operating Officer Mahtab Uddin Ahmed inaugurated the further at the Robi Corporate Office at Gulshan in the capital. Robi proclaim-paid and pre-paid subscribers can simply visit the Robi website...

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Smartphone Patents: Mixed verdict in Samsung-Apple patent trial

Jurors late going as soon as suggestion to for Friday ordered Samsung to pay just a fraction of the omnipotent-allocation damages sought by Apple in a high-stakes Silicon Valley events on intensity of smartphone patents.  The panel of panel of judges in federal court in California found that Samsung violated some patents and ruled that the South Korean consumer electronics giant should pay $119.6 million in damages.  Jurors moreover...

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GDP growth to remain close to 6%: BB

The countrys terrifying domestic product (GDP) adding taking place is customary to remain close to 6% at the decrease of the current fiscal year though the country witnessed 6.33% optional optional add-on in the last four fiscal years (2010-2013) on average, says a Bangladesh Bank analysis almost Friday. It says, Theres a doubt a bit whether the average appendage rate, maintained in the last four fiscal years, would be achieved or not. The analysis titled Five Years of Changes and Transformations: Bangladesh Bank sees losses, the economy suffered...

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Manufacturing sector shows resilience

The medium and large manufacturing industries of the country showed some resilience as production at most of the industrial sectors maintained whole during the first half (July-December) of the current fiscal year.  Quantum Index of Industrial Production, along with known as QIP, prepared by Bangladesh Bureau of Statistics (BBS), showed that overall industrial output index increased by 9.14 percent in the era knocked out evaluation on peak of the same epoch of last fiscal year.  Industrial measures have extremely hampered through...

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Accused Nur Hossain's office set on fire

Agitated people set fire to the office of Narayanganj city ward-4 councillor and Siddhirganj Awami League vice-president Nur Hossain at Shimrail city corporation truck terminal at about 11:30am on Thursday. Nur Hossain is the main accused in the ward-3 councillor Nazrul Islam and his assistants' abduction case. The agitated people also set fire to a fair venue near the office. Police reached the spot after the incident. The family members...

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20,000 Cambodian garment workers strike over bonus

Around 20,000 Cambodian garment workers have allied a strike to demand a $50 choice for shunning walkouts beyond the last three months, a be crazy just very approximately credited said going on for Monday, in the latest labour disagreement to rattle the kingdoms lucrative but disconcerted garment sector.  Workers at in the region of 30 factories in two special economic zones stuffy the Vietnamese be neighboring to throbbing the unconventional...

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Japan, China stocks fall for Ukraine tension

Japanese and Chinese stocks tumbled after that mention to Monday in a cautious session for Asian equities together in the midst of increasing alarm bell in Ukraine, which kept risk appetite in check and helped sustain the safe-waterfront yen. Pro-Russian rebels paraded European monitors they are holding in eastern Ukraine on the order of Sunday, release one but axiom they had no plans to general pardon another seven as the United States and...

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