UNB, Dhaka :Bangladesh and Myanmar have agreed to find out possible ways to promote bilateral trade to the annual level of US$ 500 million, which is now about US$ 100 million, through establishing smoother connectivity.The agreement was reached at the seventh meeting of the Bangladesh-Myanmar Joint Trade Commission (JTC) held in Naypyidaw, the capital of Myanmar, from January 14-15.Issues related to border trade, cooperation in agriculture, food, fisheries, power and mineral resources sectors; shipping arrangement; exchange of business delegation; participation...
UNB, Dhaka :The country’s stock market, now showing a positive trend, will remain vibrant in the coming months, if the ongoing peaceful political atmosphere persists and companies offer satisfactory dividends, market analysts say.However, they suggested the investors to remain careful about buying ‘junk shares’ to avert any financial loss.“The current trend will hopefully continue in the coming months, at least in February and March,” Ahasanul Islam, President of the Dhaka Stock Exchange Ltd (DSE), told UNB on Saturday.A good number...
BSS, Rajshahi :Honey farming has made Jarjish of Shayampur village under Paba upazila of the district a successful entrepreneur.After taking loan of Taka 25,000 from Rajshahi Krishi Unnayan Bank in...
AFP, San Francisco :The axing this week of Yahoo’s second-in-command sent a signal that reality is setting in for Silicon Valley sweetheart Marissa Mayer, who leads the struggling Internet pioneer.Hearts soared when Mayer was wooed away from rival Google in July of 2012 to become the seventh chief of Yahoo in five years.The cultured, stylish and smart veteran engineer promised to bring some of the Internet giant’s money-making magic with her in the move from the Googleplex in Mountain View...
BSS, Rangpur :Rangpur Chamber of Commerce and Industry (RCCI) distributed blankets among 300 cold-hit poor people at RCCI Public School and College ground here yesterday (Friday) afternoon.President of RCCI Alhaj Mostafa Sohrab Chowdhury Titu and its Senior Vice-president Moztoba Hossain Ripan distributed the blankets under the financial assistances of RCCI among the distressed people of all ages, including elderly men, women and children.Director of RCCI and Convener of its Relief and Award Giving Management Sub-committee Rabi Somani presided over the...
PTI, New Delhi :The European Union yesterday said it was confident of inking the long-pending free trade pact with India later this year as talks on most issues are “closed” except duty-related matters including on wine and automobiles.EU Ambassador to India Joao Cravinho said the pact is likely to be signed after elections in India and for the European Parliament.Launched in June, 2007, the negotiations for the proposed Broad-based Trade and Investment Agreement (BTIA) between India and the 27-nation European...
PTI, New Delhi :Steps to boost trade through land route and resolve the contentious MFN issue will come up for deliberations between Commerce Ministers of India and Pakistan who are meeting tomorrow after a gap of about 20 months.The preliminary agenda for the meeting has already been set by the Commerce Secretaries of the two nations during the two-day talk which concluded Friday.“Commerce and Industry Minister Anand Sharma and his Pakistani counterpart Khurram Dastagir Khan will meet Saturday and discuss...
AFP, Washington :US President Barack Obama signed a $1.1 trillion dollar spending bill Friday that effectively ends the threat of a repeat government shutdown.Obama signed the massive bill, passed by Congress this week in a rare budget truce, in front of officials from his Office of Management and Budget.He said that though the package was made up of pages and pages of dry figures and fiscal calculations, it represented real help for hard hit Americans.“These aren’t numbers-these are homeless folks...
BSS, Rangpur :The rural women have been contributing largely in alleviating abject poverty, enhancing rural economy and attaining self-reliance through various income-generating activities in the northern region in recent years.Many of them have changed their fortune with their own initiatives, capacities and potentials through properly utilising local resources to set up a glorious example of difference saying good-bye to their abject poverty once for all.The successful women including landless and distressed, divorcees and widows, young girls and housewives of dozens...
BSS, Dhaka :Bangladesh Bureau of Statistics (BBS) will conduct a Rural Credit Survey across the country to undertake further development programmes and disburse agricultural credit timely and in an effective way.With this in view, the BBS inaugurated a two-day training programme for the supervising officers at the Parisankhyan Bhaban here today. After the training programme, the countrywide Rural Credit Survey will begin for the second time on January 26 an end on February 9.Under the programme, the BBS with its...
Xinhua, Hanoi :Asian Development Bank (ADB) President Takehiko Nakao urged Vietnam Wednesday to accelerate disbursement of ADB loans.The visiting ADB governor made the appeal at a meeting with Vietnamese Prime Minister Nguyen Tan Dung in Hanoi, according to ADB press release.Nakao said ADB is willing to assist Vietnam in boosting infrastructure development, especially transportation, energy, healthcare as well as carrying out reform in state- owned enterprises (SOEs).Vietnam’s inflation rate has decreased sharply from more than 20 percent in August 2011...
AFP, London :ARC Ratings, five credit ratings agencies mainly from emerging markets, launched Thursday a rival to the sector’s main players including Fitch and Moody’s.Pitching itself as a new international credit ratings agency, ARC hopes also to take clients from Standard & Poor’s (S&P), which along with Fitch and Moody’s, faced heavy criticism following the financial crisis.ARC said it would introduce new financial risk ratings to sit alongside long- established debt grades such as the top triple A rating. But...
Xinhua, Dubai :The United Arab Emirates (UAE) is expected to attract 14.4 billion U.S. dollars foreign direct investments in 2014, representing a 20 percent year-on-year increase, undersecretary for the Ministry of Economy and Foreign Trade said here Thursday.Speaking ahead of the Annual Investment Meeting 2014, Abdulla Al-Saleh said the UAE benefited a lot in 2013 from global economic recovery, its liberal and open economy, and Dubai’s winning of the bid to host the World Expo in 2020.The expected growth in...
AFP, Brussels :EU lawmakers put the Troika under the microscope this week, wanting to know how and why the trio of international creditors imposed eurozone debt bailouts at such high cost to the ordinary public.Transparency, accountability, why were forecasts missed and more austerity imposed when unemployment was soaring, European Parliament deputies asked at a series of sometimes testy hearings with top Troika officials.“For many people in Europe, the Troika’s measures were imposed by outsiders … that is why there needs...