Monthly Archives: January 2015

Ballonists

Balloonists set new world record

Two pilots have surpassed the world distance and duration records with a flight across the Pacific Ocean in a helium balloon. American Troy Bradley and Russian Leonid Tiukhtyaev left Japan…

Saudi

Saudi king reshuffles cabinet

King Salman of Saudi Arabia has announced a major cabinet reshuffle, a week after he acceded to the throne. The chief of intelligence and the head of the national security…

China tops US

China overtakes US for foreign investment

China has overtaken the US as the top destination for foreign direct investment (FDI), for the first time since 2003. Last year, foreign firms invested $128bn (£84,8bn) in China, and…

Qatar Airways

Qatar buys 10pc stake in BA owner

Qatar Airways has emerged as the owner of a 10% stake in International Airlines Group (IAG), the owner of British Airways (BA) and Iberia. The Gulf airline is already a…

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Central bank to recognise good borrowers

Bangladesh Bank plans to frame a policy to provide incentives to good borrowers, as there has been an allegation that the central bank stands by only defaulters. “I have instructed…

EPZ investments edge up 12pc

Investments in the eight export processing zones or EPZs went up 12.17 percent year-on-year in the first half of the current fiscal year, getting a boost from new industrial units….

Samsung to bring smartphone with own operating system

South Korean mobile giant Samsung is set to premiere its Tizen operating system in the country next month by way of the low-priced Z1 smartphone. “The smartphone market in Bangladesh…

Garment exports to new markets on the rise

Garment exports to new destinations are increasing substantially though shipments to traditional markets have been on a downward curve. The new markets are promising mainly due to the government’s stimulus…

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No strong links between pay hike and inflation: BB

Bangladesh Bank got mixed results while analysing the impact of pay scales on inflation, according to the new monetary policy statement released yesterday. “Our analysis did not indicate any clear…

BB tread

BB treads cautious path

The central bank will continue to follow its restrained monetary policy in the second half of the fiscal year in a bid to contain inflation and move to a higher…