The Financial Express | Financial Online News portal

Dhaka,  Thu,  28 July 2016
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July 28, 2016, 1:00 am
Earlier this year, the local poultry farmers staged a protest in front of a central market in Gaibandha district in northern Bangladesh. They, along with feed traders and dealers, formed a human chain demanding reduction of accessory prices in the
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July 28, 2016, 12:58 am
It was over a decade ago that Professor Manzur Hossain from Rajshahi University innovated the technique necessary to cultivate strawberries in Bangladesh. Many in the country saw the strawberry as a cash crop. However, it was not until 2011 when
Formal banking sector should find a balance between their collateral schemes and low interest rate to reach out to the grassroots-level people, who are mostly resorting to high interest microcredit schemes, the government policymakers opined on Wednesday. "The interest rate for microcredit can be as high as 25 percent due to the administrative cost as well as the cost of capital involved in such schemes," said Banking Division Secretary Md. Eunusur Rahman. He was speaking at an award-giving ceremony, organised by Palli Karma-Sahayak Foundation (PKSF) in the capital. "Despite high interest rate, microcredit is in high demand, so much so that we are
The central bank has raised substantially the net open position (NOP) limit for commercial banks to hold higher amounts of foreign exchange. Officials said the measure is meant for keeping the inter-bank foreign exchange (forex) market stable. The NOP has been jacked
Industries Minister Amir Hossain Amu directed on Wednesday deputy commissioners (DCs) to cancel allocation of plots in Bangladesh Small and Cottage Industries Corporation (BSCIC) industrial estates against those who did not set up any industry for long, reports BSS. He gave the direction while speaking at the fifth session of DC conference at the Cabinet Division of Bangladesh Secretariat. Briefing newsmen after
Top ten turnover companies grabbed nearly 36 per cent transaction of the Dhaka Stock Exchange (DSE) Wednesday, while GrameenPhone (GP) emerged as the turnover leader after a long time. According to statistics from the DSE, some 1.38 million GP shares were traded, generating a turnover of nearly Tk 390 million, which was 9.62 per cent of the premier bourse's total turnover. GP
BRUSSELS, July 27 (Reuters): A French politician who introduced a swathe of European financial regulation after the financial crisis was named on Wednesday to represent Brussels in negotiations on Britain's exit from the European Union, drawing a cool response in London. European Commission President Jean-Claude Juncker selected Michel Barnier, a former EU commissioner and center-right French foreign and agriculture minister, in a choice that may antagonize Britain's euroskeptic Conservatives. In London, a spokeswoman for Prime Minister Theresa May said Britain looked forward ...
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As iPhone sales declined for the second straight quarter, Apple CEO Tim Cook peeled back the curtain ever so slightly
GTV, Jamuna TV, RTV and Bangla Vision moved into the semifinals of the First Pran Krako-DRU Handball Tournament eliminating their rivals on the 4th day at the Shaheed (Capt) M Mansur Ali National Handball Stadium in the city on Wednesday, reports UNB. In the semifinals today (Thursday), GTV will play Bangla Vision at 10:00 am while RTV will face Jamuna TV at 10:45 am at the same venue. The final match of the 24-team competition will also be held today at 12:00 ...
GAZIPUR, July 27: Two factories in Gazipur was fined Tk 0.17 million for producing contaminated feed for cattle and operating the factories without necessary documents from the concerned department on Wednesday. A mobile court formed by Gazipur Sadar Upazila Livestock Office fined the owners of the factories after conducting a drive in the Asha Agro Industries Limited in Membar Bari area and Bangladesh Krishi Feed Limited in Noljani area of the district. The mobile court also closed the factories at the ...
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The Supreme Court has stayed a High Court order, which barred screening of Indian Bangla film ‘Kelor Kirti’ in Bangladesh
A Dhaka court issued on Wednesday warrant of arrest against 59 leaders and activists of BNP-led 20-party alliance, including BNP senior leaders -- Selima Rahman and Barkatullah Bulu, reports BSS. Lawyers and court officials said Judge (in-charge) of Dhaka Metropolitan Sessions Judge Court Ruhul Amin passed the order against the 59 fugitives after accepting charges against 87 accused in an arson attack case filed with Motijheel thana on January, 2015. The other BNP leaders also include Maruf Kamal Khan, Shamsur Rahman Shimul ...
CHITTAGONG, July 27 (BSS): A Chittagong court granted on Wednesday three-day remand to the four suspected members of banned militant outfit Hizbut Tahrir in a case filed under the Anti-terrorism Act. Nazmul Hossain Chowdhury, Judge of Metropolitan Magistrate court, granted the three-day remand for each of them after the investigation officer prayed for a 10-day remand, court sources said. The alleged Hizbut Tahrir members were identified as Foysal Bin Aziz (24), Sultan Mohammad Khan (29), Ariful Islam (24) and Fakhrul Abedin (26). ...

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Editor : A.H.M Moazzem Hossain
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