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Budget ambitious, but challenging, says IBFB

FE Report | 2015-06-09 00:00:00

International Business Forum of Bangladesh (IBFB) on Monday welcomed the proposed budget for the next fiscal year terming it ambitious, inspiring and challenging. Despite the big size, leaders of the forum at a press conference said that achieving the revenue...

US welcomes BD-India deals during Modi\\\'s visit

FE Report | 2015-06-09 00:00:00

US Deputy Assistant Secretary of State for South and Central Asia Eileen O'Connor welcomed on Monday the deals signed between Bangladesh and India during Indian Prime Minister Narendra Modi's visit. She said the United States always looks at relationship among...

‘Govt working to ensure RMG industry safety’

2015-06-09 00:00:00

State Minister for Labour and Employment Mujibul Haque Chunnu has said that the government is very much concerned to ensure safety for the country's garment industry, reports BSS. He said this while attending an international seminar on "Transformation Challenges and...

IFAD to redefine its role, investment

FE Report | 2015-06-09 00:00:00

The International Fund for Agricultural Development (IFAD) wants to reassess its role and level of investment in Bangladesh to scale up the progress its funded projects made in the last 10 years meant for reducing rural poverty. The announcement came...

Photo: BDBL Managing Director Dr Md Zillur Rahman handed over blankets to the Nepalese Ambassador in Dhaka

2015-06-09 00:00:00

Exchange Rate

2015-06-09 00:00:00

Photo: Babisas Award 2013-14

2015-06-09 00:00:00

Photo: A partial view of the discussion meeting

2015-06-09 00:00:00

Companies should not be allowed to use IPO proceeds to repay loan

FE Report | 2015-06-09 00:00:00

Experts and academics at a discussion on Monday identified lack of integrity, inadequate knowledge and capacities of the key authorities as major causes for the present ailing state of the country's stock market. They also stressed on the need for...

CSE for tax exemption facilities for foreign investors

FE Report | 2015-06-09 00:00:00

The Chittagong Stock Exchange (CSE) Monday urged the government to provide tax exemption facilities for foreign investors to attract more foreign funds in Bangladesh capital market. "The foreign investors are interested to invest in Bangladesh capital market. If they get...

News Briefs

2015-06-09 00:00:00

HSBC, ICCB jointly organise seminar The HSBC in Bangladesh and Inter­national Chamber of Commerce-Bangladesh (ICCB) have jointly organised a seminar on "Regula­tory Requirement for Online Reporting and Automated System for Customs Data (ASYCUDA)" in Bangladesh.  In 2014, HSBC Bangladesh and...

Photo: The 16th Annual General Meeting (AGM) of EXIM Bank

2015-06-09 00:00:00

Photo: Social Islami Bank Limited (SIBL)

2015-06-09 00:00:00

Enclaves exchange from July 31 midnight

2015-06-08 00:00:00

Bangladesh and India will start exchanging enclaves from July 31 midnight, chosen as the “Appointed Date”. Before that, there will be a “joint visit” to the enclaves to finalise the process, as set out in the letters the two sides...

Revenue target attainable: Muhith

2015-06-08 00:00:00

Finance Minister AMA Muhith has said although the Tk2.08 trillion revenue- earning target set in the budget proposals seems ‘ambitious’, it is attainable given the increased capability of the National Board of Revenue. “The revenue target is definitely ambitious. But...

Detailed DSE Trading

2015-06-08 00:00:00

The new dynamics in China-Mideast relations

Muhammad Zamir | 2015-06-08 00:00:00

Since 2012, China has emerged as one of the dominant trading partners of the Middle Eastern region. This engagement on the part of the countries from this area has continued to grow particularly because of China's growing dependence not only...

Coastal shipping: New era in Indo-Bangla connectivity

Satabdi Chakravarty | 2015-06-08 00:00:00

Bangladesh and India are set to witness a new era of connectivity, particularly on road and coastal shipping, as various agreements on this  were signed on Saturday (June 06) in Dhaka in the presence of Prime Minister Sheikh Hasina and...

Alternative to illegal foreign manpower

2015-06-08 00:00:00

The proposal incorporated in the national budget for the next fiscal year (FY), 2015-16, to levy penal tax, withdraw of tax holiday facility, if there is any, and mete out punishment to firms that have been employing illegal foreign workers...

Transparency vs. secrecy in budget

Shamsul Huq Zahid | 2015-06-08 00:00:00

That the preparation of the national budget is a serious business has, apparently, been forgotten by the individuals concerned in the relevant government agencies and a section of the media in Bangladesh in recent times. These people tend to be...

Dhaka: A boiling cauldron

Neil Ray | 2015-06-08 00:00:00

A difference of eight degree Celsius temperature between two places may mean that those may be thousands of kilometres apart. But believe it or not, this is a reality within this country and not at a long distance. Two separate...

Disciplining public bus drivers

2015-06-08 00:00:00

We have been reading about road accidents involving reckless driving and overtaking by drivers of public buses in the private sector. This must be stopped forthwith. The best deterrent will be to immediately impose drastic fines that can be approved...

Let us take care of our kidneys

2015-06-08 00:00:00

The number of kidney patients is increasing in our country quite alarmingly. We should therefore be careful about the problem which often proves fatal. In case of kidney failure, one has to undergo dialysis. Kidney failure can happen suddenly or...

Tax on mobile service is a burden

2015-06-08 00:00:00

Extra supplementary tax on the mobile calls, SMS, MMS, internet service will have a negative effect on our digitisation process. I think imposition of a new tax over cell phone use will add an unnecessary burden on the consumers. The...

Can budget attract investment without reform?

MS Siddiqui | 2015-06-08 00:00:00

Finance Minister AMA Muhith has placed an ambitious budget amid some macroeconomic advantages, including low inflation, declining rates of interest, stable exchange rate, healthy foreign exchange reserve, positive balance of payment. Still some challenges remain in the areas of revenue...

Product structure of Islamic banks in Bangladesh

Chowdhury Shahed Akbar | 2015-06-08 00:00:00

Bangladesh established its first Islamic bank in 1983. Since then, this sector has been witnessing  a significant growth in terms of size and market share. According to Bangladesh Bank, in 2006, the total deposit of Islamic banks and Islamic windows...

Chilli cultivation turns bane for Magura farmers

Our Correspondent | 2015-06-08 00:00:00

MAGURA, June 7: Chilli profit is going through the roof in Magura. During a visit to Gangnalia, Akhsi, Bashkuta and Ramnagar market under Magura sadar upazila green chilli was seen to be sold at Tk 50 per kg. The price...

\\\'Preventive measures can cut asthmatic childhood deaths\\\'

2015-06-08 00:00:00

RAJSHAHI, June 7 (BSS): Specialists and medical practitioners at a seminar said mass awareness as well as preventive measures is very vital to cut the existing rate of childhood patients suffering from asthma and death caused by the disease. "Out...

Sesame farming prospects bright in Barind land

2015-06-08 00:00:00

RAJSHAHI, June 7 (BSS): Prospect of large-scale sesame farming on the fallow lands in the vast barind tract is very bright and that can be the effective means of mitigating the existing drought condition alongside the adverse impact of climate...

Call to ensure good governance at all levels

2015-06-08 00:00:00

GAIBANDHA, June 7 (BSS): Speakers at a function here Sunday stressed the need for ensuring good governance system at all levels including hard to reach char areas to have a better society. "Due to the remote location and the geographical...