• 75pc RMG factories fail to implement new wage: Workers
  • HC questions validity of chief whip's membership
  • BNP-Jamaat violence cost small, medium industries Tk 7150cr: Amu
  • SC cancels bail of Hall-Mark chairman Jesmin
  • Govt killed democracy thru Jan 5 polls, says Noman
  • No plan to stop plying easy-bike: Nasrul Hamid
  • NU teacher Wahed charged
  • Prof Rangalal Sen passes away
  • US Senate hears on Bangladesh Feb 11
  • Mahmuda gets bail, Delwar goes to jail
  • Verdict deferred, Feb 27 for further arguments
  • Bangladesh officials to get visa on arrival in Brazil, Cambodia
  • Listed criminal killed in ‘gunfight’ with RAB
  • Hili port shuts for 4 days from today
  • 'Oldest star' found from iron fingerprint: astronomers
  • Boat capsizes in Indian reservoir, 22 drowned
  • Syria's warring sides brace for fresh peace talks
  • Nepal's parliament to elect new PM after breakthrough
  • N. Korea scraps US envoy's invite as tensions mount
  • Woman raped, stoned to death in India
  • Clashes in Bangui leave at least 11 dead
  • A file photo shows a branch of state-run Janata Bank in Dhaka. Industrial defaulted loan decreased by 29.45 per cent in October-December of the current financial year 2013-2014 compared with that of the previous quarter when the amount rose by 2.93 per cent. — New Age photo

  • A file photo shows an employee filling fuel into a private car in Dhaka. The finance ministry has sanctioned Tk 1,253 crore in favour of Bangladesh Petroleum Corporation as subsidy payments for selling petroleum products in the domestic market at prices lower than its procurement costs. — New Age photo

  • A file photo shows former Indian cricketer Sachin Tendulkar posing with the newly launched BMW i8 at the 12th Auto Expo in Greater Noida on the outskirts of New Delhi on February 5, 2014. — AFP photo

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Defaulted industrial loan down on wholesale rescheduling in Q2

A file photo shows a branch of state-run Janata Bank in Dhaka. Industrial defaulted loan decreased by 29.45 per cent in October-December of the current financial year 2013-2014 compared with that of the previous quarter when the amount rose by 2.93 per cent. — New Age photo
Industrial defaulted loan decreased by 29.45 per cent in October-December of the current financial year 2013-2014 compared with that of the previous quarter when the amount rose by 2.93 per cent. BB officials told New Age on Sunday... Full story

Farashuddin declines to be DSE director

Former Bangladesh Bank governor Farashuddin Ahmed has declined an offer to become an independent director, potentially to be the chairman, of Dhaka Stock Exchange. The Bangladesh Securities and Exchange Commission... Full story

Muhith turns down BTMA urge for special dollar help

Finance minister AMA Muhith on Sunday turned down a proposal of Bangladesh Textile Mills Association for special foreign currency assistance from the Bangladesh Bank. The government would need additional foreign... Full story

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Fin min allocates Tk 1,253cr for BPC in subsidy

A file photo shows an employee filling fuel into a private car in Dhaka. The finance ministry has sanctioned Tk 1,253 crore in favour of Bangladesh Petroleum Corporation as subsidy payments for selling petroleum products in the domestic market at prices lower than its procurement costs. — New Age photo
The Ministry of Finance (MoF) has sanctioned Tk 1,253 crore in favour of Bangladesh Petroleum Corporation (BPC) in subsidy payments for selling petroleum products in the domestic market at prices lower than its procurement costs. The allocation was made in consideration of the losses and... Full story

Workers need to pay Tk 5,000 more for airline change

The migration cost of a Malaysia bound worker will increase by Tk 5000 due to change of airliners in February, according to Bureau of Manpower, Employment and Training. The BMET has recently taken a... Full story

Govt to sell unused bandwidth of submarine cable

The government has decided to sell or lease the unused bandwidth of country’s lone submarine cable to generate more revenue, said officials. The posts and telecommunications ministry has made the decision to be implemented... Full story

Weak cargo remains biggest airline worry: IATA

Weakness in air cargo markets remains the biggest worry for airlines despite some evidence of recovery in 2013, the head of the International Air Transport Association said on Sunday. ‘Latest numbers in cargo show that... Full story

ILO welcomes upgrade of labour inspectorate

The International Labour Organisation has welcomed the decision of Bangladesh government to upgrade the office of Chief Inspector of Factories and Establishments to a directorate. ‘The upgrading of the inspection... Full story

India luxury car market accelerates despite downturn

A file photo shows former Indian cricketer Sachin Tendulkar posing with the newly launched BMW i8 at the 12th Auto Expo in Greater Noida on the outskirts of New Delhi on February 5, 2014. — AFP photo
German giant Mercedes admits it was ‘a little surprised’ when Indian customers snapped up 125 of its new top-of-the-line S-Class luxury cars costing $250,000 apiece in just 16 days. India’s auto industry has skidded onto an icy patch and... Full story

Stocks fall on profit taking

Dhaka stocks declined on Sunday, the first trading session of the week, as investors went for selling shares to book profit after rise in share prices in recent weeks. DSEX, the key index of the DSE, declined to 4,822.71 points, shedding 0.46 per cent... Full story

NASA bets on pvt cos to exploit moon resources

NASA — building on successful partnerships with private companies to resupply the International Space Station — is now looking to private entrepreneurs to help exploit resources on the moon. In its latest initiative, unveiled in late... Full story

Payment thru bKash available at Ekushey Book Fair

Readers can buy books through bKash, a BRAC Bank mobile banking service, at Ekushey Book Fair in the capital. Seventy-seven leading publishing houses will accept payment through bKash in the fair, said a news release. This is for the first time in the history... Full story

Tokyo investors eye US jobs data this week

Tokyo investors will take their cues for trade this week from the US payrolls report due out later Friday and Japanese data over the coming days, analysts said. 'The US non-farm payrolls data is going to be closely scrutinised,' Tatsunori Kawai, kabu.com chief strategist, told Dow Jones Newswires. Full story

Taiwan Foxconn to invest up to $1b in Indonesia

Taiwan technology giant Foxconn group has signed a letter of intent to invest up to $1 billion in Indonesia as it seeks to diversify production away from China, officials said Sunday. Foxconn, also known by its Taipei-headquartered... Full story

Market Disclosures

RAK Ceramics Trading of the shares of the company will be allowed only in the spot market and block/odd lot transactions will also be settled as per spot settlement cycle with cum benefit from February 10, 2014 to February 12, 2014. Trading of the shares of the company will... Full story


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