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Border Guard Bangladesh (BGB) personnel arrested an Indian national along with huge foreign currencies from Benapole check post in Jessore district on Tuesday. The arrestee was identified as Kalim Uddin, 32, son of Muslim Sheikh, hailing from North 24 Parganas district of West Bengal, reports UNB. Nayeb Subedar Monir Hossain, commander of Benapole ICP Camp, said that on secret information a team of BGB challenged Kalim, passport no- 3247608, came from India, while he was crossing Benapole check post passenger terminal. After searching his bag, BGB recovered 57,500 Saudi riyal, 800 rupee and 4,600 Bangladeshi taka from his bag.....

Published at: 2017-07-18 00:00:05

Asian shares slipped Tuesday as setbacks for a health care overhaul in the US cast doubt over prospects for a range of reforms backed by President Donald Trump.  Expectations the US Federal Reserve will move cautiously in raising interest rates also sent the dollar lower.  Japan's benchmark Nikkei 225 lost 0.6 per cent to 19,991.86 in morning trading as the yen gained against the dollar. Australia's S&P/ASX 200 dipped 1.1 per cent to 5,692.00.  South Korea's Kospi edged 0.1 per cent lower to 2,422.30. Hong Kong's Hang Seng lost 0.3 per cent to 26,391.60, while the Shanghai Composite slipped 0.2 per cent to 3,169.57. US stocks ended virtually flat, with the S&P 500 index down 0.13 points at 2,459.14. The Dow Jones industrial average shed 8.02 points to 21,629.72.  The Nasdaq composite gained 1.97 points to 6,314.43. The Russell 2000 index of smaller-company stocks rose 2.79 points, or 0.2 per cent, to 1,431.60. Benchmark US crude added 8 cents to $46.10 a barrel in electronic trading on the New York Mercantile Exchange. It lost 52 cents, or 1.1 per cent, to $46.02 a barrel in New York.  Brent crude, used to price international oils, rose 9 cents to $48.51 a barrel in London. The dollar has been weakening as investors conclude the US government is unlikely to enact a significant infrastructure spending package to boost the economy.  The dollar slipped to 112.12 yen from 112.66 yen late Monday in Asia. The euro rose to $1.1536 from $1.1460, reports AP.....

Published at: 2017-07-18 00:00:05

President Donald Trump promised on Monday he would take more legal and regulatory steps during the next six months to protect American manufacturers, lashing out against trade deals and trade practices he said have hurt US companies. Trump climbed into an American-made fire truck parked behind the White House, took a swing with a baseball bat in the Blue Room, and briefly donned a customised Stetson cowboy hat in front of cheering manufacturing company executives from all 50 states gathered to hear him praise their products. "I want to make a pledge to each and every one of you: No longer are we going to allow other countries to break the rules, steal our jobs and drain our wealth," Trump said. He was speaking to a trade show - albeit one with a protectionist bent - organised by the White House to spotlight his efforts to revive the flagging manufacturing sector. Trump's remarks came as his administration laid out its priorities for revising the North American Free Trade Agreement (NAFTA) with Canada and Mexico. Trump is also reviewing options to restrict steel imports. Trump did not give details about what his administration would do to protect manufacturers, but he railed against tariffs charged by other countries and unfair trade practices.  "That includes cracking down on the predatory online sales of foreign goods, which is absolutely killing our shoppers and our shopping centres," he said. "If you look at what is going on with shopping centres and stores and jobs and stores, it’s been very, very tough for them. They’ve have had a very hard time, closing at numbers and records that have never been seen before," he said. It was unclear what Trump meant by stopping "predatory online sales," and the White House did not immediately respond to a request for more information on that subject. Trump spoke in front of a panoply of iconic American-made products: Gibson guitars, Maryland crab pots, a Delaware-made NASA space suit and Cheerwine soda. "Your drivers are very good," Trump said to a representative of Ping, the Arizona-based maker of golf clubs, noting that he had golfed with British pro golfer Lee Westwood, who is a fan. He discussed sales of Sikorsky (LMT.N) helicopters - "I have three of them!" he said, lifted horseshoes made with Nucor Corp (NUE.N) steel, and strolled past vacuum-sealed Omaha steaks. He told the manufacturers that he was working for a "level playing field" for their wares.  "But if the playing field were slanted like a little bit toward us, I'd accept that also," Trump said.  ....

Published at: 2017-07-18 00:00:05

About 325 houses of Daduarhat village under Debiganj upazila of Panchagarh district were brought under rural electrification network by Panchagarh Palli Bidyut Samity (PPBS) on Saturday evening. A simple function was also held on the premises of Sahidulla High School of the village on the occasion. Advocate Nurul Islam Sujon MP formally inaugurated the electrification programme as the chief guest, according to BSS.  ....

Published at: 2017-07-17 00:00:06

The index committee of the premier bourse has included three new companies in its DSE-30 Index (DS30), replacing existing three underperforming companies after semi-annual rebalancing. The decision of the index committee will be effective from July 23, said a Dhaka Stock Exchange (DSE) statement on Sunday. The indices committee of DSE has selected the companies after revising the semi-annual performance of the companies in line with the index methodology designed by S&P Dow Jones Indices, the statement said. The three new companies which will be included in the DS30 are: Pubali Bank, Padma Oil Company and IFAD Autos as they met all criteria as constituents of DS30. The firms that will be excluded from the DS30 are: Bara Shoe Company (Bangladesh), UCB and Meghna Petroleum as they didn't comply with the requirements to retain their membership in DS30, said the DSE statement. The DSE statement also noted that in accordance with the DSE Bangladesh Index Methodology, designed by S&P Dow Jones Indices and thorough supervision by index committee of DSE, no company is qualified as eligible constituents of DSEX for quarterly initial public offering (IPO) addition in the DSE Broad Index (DSEX). The DSE on January 27, 2013 introduced two new indices - DSE Broad Index (DSEX) and the DSE-30 Index (DS30) -- replacing the DSE General Index (DGEN) and the DSE-20 respectively on the basis of free-float method developed by the Standard and Poor's. The base points of DSE Broad Index (DSEX) and DSE-30 Index (DS30) was 4,055.90 points and 1,460.30 points respectively. As for DS30, 30 companies based on profitability, market capitalisation and share size were selected, with the companies changed every six months on the basis of performance. The companies included in DS30, popularly known as blue chips, also considered as good shares to invest. babulfexpress@gmail.com....

Published at: 2017-07-17 00:00:06