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WB’s new estimate shows GDP to grow by only 5.8pc

In another blow to the government projection, the World Bank on Tuesday in a new estimate said that the country’s GDP growth would decline to 5.8 per cent in the current fiscal year. The WB earlier in October projected that Bangladesh’s... Full story

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NBR in search for new sectors to allow investment

The National Board of Revenue on Tuesday asked its income tax commissioners to identify potential sectors to encourage people for investing their undisclosed money. ‘Find out sectors beyond the existing ones... Full story

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No vegetable available below Tk 40 per kg

Vegetables with prices below Tk 40 a kilogram are hardly found in the capital’s kitchen markets in this year’s winter, the season which is popularly known as season of vegetables. While talking to New Age, a good number of consumers expressed... Full story

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Myanmar opens telco market to foreign firms

Myanmar on Tuesday announced plans for a dramatic increase in telephone and internet access as it opened the door for foreign firms to enter one of Asia’s last untapped markets. The communications and information technology ministry said it was... Full story

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Banks asked to follow new rules on torn note refund

The Bangladesh Bank on Tuesday asked the scheduled banks to follow the Bangladesh Bank (Note Refund) Regulations 2012, adding that the BB would take punitive action against the officials concerned of the banks... Full story

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DSE accepts CEO’s resignation

The Dhaka Stock Exchange board of directors on Tuesday accepted the resignation of its chief executive officer, Musharraf M Hussain, after earlier saying that it would not accept it without an explanation. The DSE board last week asked Musharraf to present... Full story

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US says Java still risky, even after security update

The US Department of Homeland Security warned that a security update of Oracle Corp’s Java software for Web browsers does not do enough to protect computers from attack, sticking to its previous advice that the programme be disabled, reports... Full story

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Samsung urges US court to keep allowing Galaxy phone sales

Samsung Electronics Co Ltd has urged a US appeals court to stand by its denial of Apple Inc’s request to ban sales of the Galaxy Nexus smartphone while Apple challenges its patent, according to a document filed... Full story

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Oil prices down in Asia

Oil fell in Asia Tuesday after president Barack Obama warned Republicans over the debt ceiling, with traders bracing for more US partisan bickering in the coming weeks. New York’s main contract, light sweet... Full story

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Yen gains after Japan minister warns over unit’s weakness

The yen rebounded in Asian trade Tuesday after Japan’s economy minister warned over the currency’s sharp decline, saying it could hit consumers by making imported goods more expensive. Full story

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Eurozone crisis hit German economy hard in Q4

The German economy was hit hard by the eurozone crisis in the final quarter of last year, shrinking more than at any point in nearly three years as traditionally strong exports and investment slowed, the Statistics Office said on Tuesday. Full story

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West is failing to capitalise on rising China: HSBC

Western nations have failed to capitalise on China’s economic rise as they struggle with their own problems, leaving others to benefit from the Asian giant’s insatiable demand, HSBC said Tuesday. Full story

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Number of US working poor families grows as wealth gap widens

The number of US families struggling with poverty despite parents being employed continued to grow in 2011 as more people returned to work but mostly at lower-paying service jobs, an analysis released on Tuesday shows. More working parents... Full story

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Wal-Mart to hire 1,00,000 veterans

Wal-Mart Stores Inc, the world’s largest retailer, said it plans to hire more than 100,000 veterans in the United States over the next five years, a move supported by First Lady Michelle Obama, reports Reuters. Full story

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