BB moves to get more pension fund in govt securities
Bangladesh Bank has taken initiatives to bring more money from the provident and pension funds into the government securities, said officials of the central bank. A BB official told New Age on Thursday that the central... Full storyImport growth drops further in Dec
The growth in import bill payment declined further in December 2012 as most of the commercial banks were still reluctant to open fresh letters of credit in the last few months after the Hallmark Group-Sonali Bank scam... Full storyMitsubishi wants to ‘invest Tk 400cr’ in car production
Mitsubishi Motors Corporation, a Japanese automaker, has expressed interest to set up a manufacturing unit in Bangladesh with an initial investment of Tk 400 crore to produce ‘Mirage Sedan Car’, said industries... Full storyLeather goods export gathers pace on value addition
Dhaka stocks upbeat for third day
Dhaka stocks gained for the third day on Thursday as the institutional investors continued to remain active to support the market following instruction from the market regulators. Full storyNot to harm society the best CSR practice
Speakers at a national conference on business sustainability and corporate social responsibility on Thursday said that the best CSR practice is not to harm the society, neither by the products nor by the production process. Full storyIndia govt permits state-run oil firms to raise diesel prices
State-run oil marketing companies can now raise diesel prices in line with increases in global crude oil prices, Oil Minister Veerappa Moily said on Thursday, a move that could help the government reduce its vast subsidy bill. Full storyYen slips on Japan minister’s remarks
The yen eased on Thursday after a Japanese minister reportedly said his recent comments about the unit being too weak - which had sparked a sharp rise - had been misinterpreted. Full storyEuropean stocks mixed amid Rio Tinto’s $14b write-down
European stocks diverged on Thursday with the mining sector hit after Rio Tinto announced a shock US$14-billion (10.5-billion-euro) write-down that sparked the resignation of its boss. Full storyOil prices down in Asian trade on profit-taking
Oil prices fell in Asian trade Thursday on profit-taking and the restarting of a British pipeline but an attack by Islamist militants on an Algerian gas field supported prices. New York's main contract, light sweet crude for... Full storyMyanmar launches major new oil tender
Myanmar opened up a major portion of its onshore oil blocks for bids Thursday, a move likely to see a surge in interest from Western firms after the removal of sanctions against the once-pariah state. Full storyChina eyes $104b rail spending in 2013
China will sharply increase planned railway investment in 2013 to more than $100 billion, state media cited the railways minister as saying Thursday, as part of plans to boost the economy. Full storyPC titans take notes from tablets to regain customers
Australian jobless rate hits 5.4pc
Australia’s unemployment rate jumped to 5.4 per cent in December, data showed Thursday, with a net 5,500 jobs lost as the mining-powered economy slows and manufacturing struggles. Full storyAirbus loses top spot to Boeing in 2012
European group Airbus lost its top spot as the world’s biggest airline maker last year to the US Boeing giant, but said it beat its own targets for sales and deliveries. Publishing results just as Boeing is hit by... Full storyQubee gets new CCO
Nokia to cut over 1000 IT jobs
