FE Today Logo

Search results for:


$18.41b siphoned off thru capital flight in a decade

FE Report | 2015-05-25 00:00:00

The country counts millions of dollars in capital flight every year through balance-of-payments leakage and tampering with trade invoicing by some businesses, experts said Sunday at a press meet. Over the last ten years, according to their reckonings, the country...

BSRM gets first merchant power plant licence

M Azizur Rahman | 2015-05-25 00:00:00

Bangladesh Steel Re-rolling Mill (BSRM) has obtained the country's first merchant power plant licence to produce and sell electricity at negotiated tariffs to private-sector clients. "We issued BSRM merchant power plant licence last week to promote further private sector's participation...

Tk 3.327m snatched away, one shot in city

FE Report | 2015-05-25 00:00:00

Unidentified muggers snatched away Tk 3.327 million (33.27 lakh) after shooting an accountant of a private company in the capital's Moghbazar area in the broad daylight on Sunday, police and locals said. Police said Selim Akhtar (30), an accountant of...

BUILD for reducing listed cos\\\' CIT to 25pc

FE Report | 2015-05-25 00:00:00

The Business Initiative Leading Development (BUILD), a public-private dialogue platform, has proposed reducing corporate income tax (CIT) for the listed companies to 25 per cent from the existing 27.5 per cent. As CIT for the non-listed companies was reduced by...

Fire breaks out at furniture factory

2015-05-25 00:00:00

A fire broke out at a furniture market in the capital's Panthapath area, gutting a warehouse and a factory, reports bdnews24.com. The fire broke out at a factory behind the furniture shop around 1:00 pm. The shopkeepers called the fire...

Corrupt people politicise graft cases: Azad Chy

2015-05-25 00:00:00

Former chairman of the University Grants Commission (UGC) Prof AK Azad Chowdhury said on Sunday a section of corrupt individuals are involved in graft and cheating people,  reports UNB. He further said they politicise the matter when graft charges are...

AL to hold two meetings today

2015-05-25 00:00:00

Two joint meetings of Awami League will be held on Monday to discuss preparations to make Friday's mass reception to Prime Minister and party president Sheikh Hasina a success, reports UNB. Jatiya Nagarik Committee will accord the reception to the...

EC to update voter list after Eid-ul-Fitr

2015-05-25 00:00:00

The Election Com­mission (EC) will start updating the voter list across the country after Eid-ul Fitr, reports UNB. "The process of updating the voter list will begin after Eid. Now we're taking necessary preparations," Election Commissioner Shah Nawaz told reporters...

Local government bodies need more resources

Jafar Ahmed Chowdhury | 2015-05-24 00:00:00

There are several local government bodies in Bangladesh. The Constitution of the Republic commits for local government bodies at every level of all administrative units. The local government bodies include Union Parishad, Upazila Parishad, Zila Parishad, Municipalities, City Corporations, Chittagong...

A man with vision and mission

Abdul Bayes | 2015-05-24 00:00:00

A birthday was observed on April 27 silently. It was of Sir Fazle Hasan Abed - the founder chairperson of the world's largest NGO called Bangladesh Rural Advancement Committee (BRAC).   Helen Keller was reported to have once said, "The most...

The puzzling GDP figure

Syed Jamaluddin | 2015-05-24 00:00:00

The Asian Development Bank (ADB) has revised down its GDP (Gross Domestic Product)  growth forecast for Bangladesh to 6.1 per cent for the current 2014-15 fiscal year due to political unrest from January to March. Political unrest undermined brighter growth...

Financing the war on climate change

Saleh Akram | 2015-05-24 00:00:00

Experts have defined climate change, the menacing global issue, as a change in the statistical nature of weather patterns when the change lasts for an extended period of time (i.e., decades to millions of years). It also refers to a...

Safekeeping of the nuclear power plant

2015-05-24 00:00:00

The approval by the Cabinet of the draft law for formation of an independent company, dubbed Nuclear Power Company of Bangladesh, to operate the proposed nuclear power plant at Rooppur, Pabna is a welcome step towards achieving self-sufficiency in electricity....

Roadmap for disaster management

Shahiduzzaman Khan | 2015-05-24 00:00:00

Bangladesh is at a high risk of devastating earthquakes of high magnitude any time as it is situated in an earthquake-prone area on active tectonic plates. Many big earthquakes had taken place in the past in the area.  Yet the...

The stranglehold of stopgap solutions

Shihab Sarkar | 2015-05-24 00:00:00

The dreadful traffic chaos on Dhaka roads last week has scathingly singled out a trend embedded in the present-day Bangladesh. Not only the transport sector, it keeps bedevilling almost every area of our national life. The scourge is our love...

Hot weather and health hazards

2015-05-24 00:00:00

The sweltering summer heat is increasing with each passing day and many people are falling sick due to extreme hot weather. In this adverse weather we need to take extra care to remain hale and hearty. We need to stay...

Tax-free income ceiling should be Tk.275,000 annually

2015-05-24 00:00:00

  It is nice to know that the government is considering to raise tax-free income ceiling from Tk.220,000 to Tk.250,000. But I think this is not enough and the ceiling should be increased to Tk.275,000 to offset inflation and increased cost...

Street brutality

2015-05-24 00:00:00

The other day I was waiting for a public bus near Malibag intersection. The place was too crowded to board a bus. Meanwhile, a police car came with some family members of a high official and got stuck behind a...

Global banks punished for manipulation

John M. Connor | 2015-05-24 00:00:00

In the past six months, seven global banks have been penalised US$10.3 billion for price fixing, bid rigging, and jointly manipulating perhaps the largest financial market in the world. And more penalties are on the way. Trading in currencies averages...

Framing a comprehensive policy to spur industrialisation

Md. Joynal Abdin | 2015-05-24 00:00:00

Bangladesh adopted free market economy in late 80s. Opening up its market to foreign investment the government is trying to assist the private sector in playing a vital role in industrialisation and employment generation with a view to alleviating poverty....

Pheromone trap gaining popularity among farmers

2015-05-24 00:00:00

RAJSHAHI, May 23 (BSS): Environment-friendly Sex Pheromone Trap for killing harmful insects is gaining popularity among the vegetable farmers in the region including its vast Barind tract, thanks to the awareness and motivational programme of the Department of Agriculture Extension...

\\\'Zinc-enriched rice meets nutritional demand\\\'

2015-05-24 00:00:00

RANGPUR, May 23 (BSS): Agriculture experts have stressed on enhancing cultivation and consumption of zinc-enriched BRRI dhan64 rice to meet nutritional demand of children for their normal growth increasing disease resistant capacity. They were addressing a farmers' field day organised...

Excessive heat makes life unbearable in Pabna

Our Correspondent | 2015-05-24 00:00:00

PABNA, May 23: The excessive heat, high sunshine and unbearable hot winds have crippled people's life in the district. The Ishwardi Met office recorded the highest temperature of 37.5 Degree Celsius in Pabna area over the last five days. At...

10 shops gutted at Barguna market

2015-05-24 00:00:00

BARGUNA, May 23 (UNB): Ten shops were gutted by a fire that broke out at a local market on the Sher-e-Bangla Road in the district town early Saturday. Barguna Chamber of Commerce president Jahangir Kabir said the fire originated from...

Low price of Boro paddy frustrating Magura growers

Our Correspondent | 2015-05-24 00:00:00

MAGURA, May 23: Low price of Boro paddy is frustrating Magura growers. Boro paddy is being sold in the local market at Tk 450 to Tk 480 per maund. The existing price does not even cover the production cost.  During...

Veteran journalist Jamir Ahmed passes away

Our Correspondent | 2015-05-24 00:00:00

JESSORE, May 23: SKM Jamir Ahmed, a veteran journalist and also one of the founders of Jessore Press Club, died at Dhaka Combined Military Hospital at around 11:15pm on Friday. He was 82. Mizanur Rahman Tota, former president, Jessore Press...

300 bighas brought under mung bean farming in Gaibandha

2015-05-24 00:00:00

GAIBANDHA, May 23 (BSS): About 300 bighas owned by an equal number of farmers have been brought under BARI mung bean-6 farming during the current season in the district. The variety has been farmed at farmers' level under direct supervision...

One killed as nor\\\'wester hits Netrakona villages

2015-05-24 00:00:00

NETRAKONA, May 23 (BSS): An octogenarian woman was killed and more than 12 persons were injured when a nor'wester hit 25 villages under three unions of Netrakona Sadar upazila last midnight. The three storm-hit unions are Kaliara-Gabragathi, Mougathi and Medni....

Lead factories sprout in Khulna

2015-05-24 00:00:00

KHULNA, May 23 (UNB): Unauthorised lead factories are springing up in different parts of the city putting both the environment and public health in a perilous state. Without following any rules and regulations, at least 35 such factories have grown...

News in Brief

2015-05-24 00:00:00

Youth found hanged in Laxmipur Police recovered hanging body of a young man from Chandipur village in Ramganj upazila on Friday afternoon. The deceased was identified as Faruk Hossain, son of late Bazal Haque of the same village. Quoting family...