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Why are ICMAB and ICAB locked in dispute over FRA and FRC?

Akhter Zamil FCA | 2014-11-30 00:00:00

It is very shocking and painful to see that ICMAB, a professional institute, is criticising the other professional institute, ICAB for initiating exclusion of the members of ICMAB from the proposed FRC (financial reporting council) under Financial Reporting Act (FRA)....

Auditors alone cannot ensure quality of financials

ICAB President tells FE | 2014-11-30 00:00:00

The Institute of Chartered Accountants of Bangladesh (ICAB) awards membership to the qualified Chartered Accountants of high competence through rigorous useful education and trainings who will be able to meet the challenges of the society. Besides, ICAB provides up-to-date guidelines...

Making it happen: The Google Business Group Sonargaon story

2014-11-30 00:00:00

The 21st century world is a hyper-connected world, enthused in a frenzy of information and initiative from all corners of the globe. In 2014 alone, more businesses were started by aspiring entrepreneurs around the world than any corporation. And who...

US after \\\'midterm\\\' polls

Zaglul Ahmed Chowdhury | 2014-11-30 00:00:00

The results of the November 4 "midterm" elections in the United States have not come as a surprise since a good showing by the Republican Party was very much on the cards for a variety of reasons. But, what did...

Irrationality: Understanding the limitation of human decision making and its impacts

K. M. Saqiful Alam, Shahneela Naheed and Tasnim Rezoana Tanim | 2014-11-30 00:00:00

Let us think of a very simple example. Imagine in your minds, a friend of yours, approaching a bank, well dressed up, with a smile on her face. How would you imagine the scene? Maybe a well dressed up lady...

Benefit for FFs: Some questions

Emdadul Haque | 2014-11-30 00:00:00

People of East Pakistan were always worried as they got less development funds and less attention from the Pakistani rulers. The Awami League secured a clear majority in the 1971 elections of Pakistan National Assembly but Bangabandhu Sheikh Mujibur Rahman...

Water is not merely H2O

Shahed Hassan | 2014-11-30 00:00:00

It is often said that 'Water is Life'. The reason(s) may vary from person to person and from user to user.  Unfortunately, my bare eyes could not find any life in water. As I looked into a classic dictionary of...

Fund transfer pricing: An imperative for banking industry

Md. Nafeez-Al-Tarik | 2014-11-30 00:00:00

2014 has been a challenging year for the financial services industry. The year started with uncertainties regarding national elections and investors remain watchful before and after the national election. We have seen the violence and political uncertainties in the last...

Weaknesses are still aplenty

Babul Barman | 2014-11-30 00:00:00

"Without acquiring proper knowledge, information and experience regarding different aspects and matters of capital market, one should not invest in the capital market. Gain or loss, whatever comes from the investment, it belongs to you. So, prudent investment decisions based...

Success stories: Poverty, the enabler

M. A. Taslim | 2014-11-30 00:00:00

When Bangladesh emerged as an independent nation, it was essentially a poor agrarian economy that could hardly feed itself adequately. Since then agriculture has undergone remarkable transformation and cereal production has increased by three and half times. In the early...

GSP suspension—swallowing bitter pills

Hafiz G. A. Siddiqi | 2014-11-30 00:00:00

The Generalised System of Preference (GSP) is a system through which the World Trade Organisation (WTO) permits granting preferential treatment in the form of duty-free status or reduced tariff rate by developed countries to eligible products imported from developing counties...

Domestic resource mobilisation holds key

Fahmida Khatun | 2014-11-30 00:00:00

Discussions on Post-2015 international development agenda are gaining increasing momentum as we are approaching 2015 fast. While debates on setting the goals and targets have more or less narrowed, the focus is now increasingly shifting towards the means of implementation...

Performance Contract and its implications for the public sector

Mohammad Navid Safiullah | 2014-11-30 00:00:00

Performance Contracts (PCs) are a state-of-the-art mechanism for improving the quality of public sector performance and satisfying customers' needs. They are instrumental for enhancing good governance and accountability. The use of PCs is an effective means of improving the performance...

Should Bangladesh be cautious about Asia\\\'s new knight in shining armour?

Sharjil M. Haque | 2014-11-30 00:00:00

In a recent interview, Bangladesh Finance Minister AMA Muhith highlighted the fact that Bangladesh has fallen into a 6% GDP growth trap, and attaining the much-elusive 7-8% growth requires larger investments. Investments, in turn, require greater development in infrastructure. Consequently,...

Growth: At what cost?

Washim Palash | 2014-11-30 00:00:00

'We are stealing the future, selling it in the present, and calling it GDP', says Paul Hawken, a Californian civil rights activist, environmentalist and author. This quote perfectly explains the flaws of our current economic models and the critical importance...

Comprehensive E-Health in Bangladesh

Zamilur Rashid | 2014-11-30 00:00:00

Bangladesh has made massive strides in socioeconomic development since its independence and is has become the 57th largest economy in the world. But with public health spending of USD 8 per capita Bangladesh ranks among the bottom ten countries with...

Importance of Chittagong in national economy

Pankaj Dastider | 2014-11-30 00:00:00

Chittagong is the economic nerve-centre of the country. Its vast potential that could have created a treasure of wealth for the people is still largely untapped. In the last 43 years, no strategy has been formulated to make the best...

Cox\\\'s Bazar: A potential economic hub

Our Chittagong Correspondent | 2014-11-30 00:00:00

A main thrust of country's economy may be on Cox's Bazar tourism haven. It boasts the longest unbroken sea beach in the world and hosts an array of small and big islands. Some 3 million tourists from home and abroad...

Vision Chittagong: A master plan for rebuilding the port city

Pankaj Dastider | 2014-11-30 00:00:00

Remove the Shishu Park (children's park) from in front of the Chittagong Circuit House and you find a thin portion of open green space. Keep the outer stadium as it is. Around the outer stadium there will be a city...

Help out our heritage--Karnaphuli

Professor Edris Ali | 2014-11-30 00:00:00

Industrial wastes and effluents contain heavy metals such as Cd, Pb, Cu, Cr, As, Hg, Ni, and Zn, some of which are toxic for plants, animals as well as soil and air. These toxins make their way into food chain....

Economic big guys set sights on Ctg: SEZs for Japan, China, Singapore, India on cards

Our Chittagong Correspondent | 2014-11-30 00:00:00

Industrial development of Chittagong is of national importance, as it implies not merely developing the regional industrial base but also building the nation's industrial backbone to the benefit of the whole of the country and the region surrounding the Bay...

Developing tourism in port city of Chittagong

Our Chittagong Correspondent | 2014-11-30 00:00:00

During the Neo-Stone Age, Austro-Asiatic people had lived in Chittagong. Plinie, a Greek geographer, gave description of a place called Chris. Great historian Nalini Kanta Bhattashali identified that place as Sandwip of Chittagong. According to the geographers, Pentapolis called by...

Investors\\\' approach to reduce energy crisis

Our Chittagong Correspondent | 2014-11-30 00:00:00

Gas is the crying need of the industries in Chittagong. Businesses and industries are extremely frustrated over the gas crisis. It has been the same old story they have been telling for years but there is none to pay any...

BD ship recycling industry in doldrums

Our Chittagong Correspondent | 2014-11-30 00:00:00

The ship breaking and recycling industry of the country is cautious in buying 'demolition' ships because of volatile international steel market as well as non-responsive domestic market. The world steel market has been in doldrums for a couple of months....

Transparency in financial reporting of central banks: Rationale and comparative practices

Jamaluddin Ahmed | 2014-11-30 00:00:00

From a position that central banks should maintain, over time, a risk-based, non negative, level of capital, central banks need to construct their law to enable it to ensure this through the maintenance of sufficient reserves to protect against losses....

From an innovative idea to great implementation: Case study of ‘backpack’

Hisham Uddin Khan | 2014-11-30 00:00:00

The world we live in today is the sum of many great ideas implemented with bulldozing force against all odds. Human civilisation has experienced marvellous progress in last few centuries, thanks to many technological advancements and the creation of applicable...

26 feared drowned: Sunken trawler traced in Bay

2014-11-30 00:00:00

As many as 26 people are feared to have drowned in the Bay of Bengal following capsize of a trawler (large boat) off the coast near St Martin’s Island in Cox’s Bazar at the weekend. Trawler ‘FV Bandhan’ with 29...

Dalit, Harijan deprived of constitutional rights: speakers

2014-11-30 00:00:00

Speakers at a discussion in the city have said the country's Dalit and Harijan communities are deprived of their constitutional rights, though they have been given the constitutional recognition. They said this at the discussion, titled ‘Dalit and Harijan Communities’...

Daulatdia-Paturia ferry services resume after 4-hr

2014-11-30 00:00:00

Ferry services on Daulatdia-Paturia waterways resumed on Sunday morning after 4 hours' disruption due to dense fog. Bangladesh Inland Water Transport Corporation (BIWTC)'s Aricha Ghat manager Mahiuddin Rasel said they kept suspended ferry services and plying of the water vessels...

Biswal a \\\'petty\\\' minister: Ashraf

2014-11-30 00:00:00

Khaleda Zia is now begging the US to help her return to power, said LGRD and Cooperatives Minister Syed Ashraful Islam while addressing a party programme in Khulna on Saturday afternoon. About US Assistant Secretary of State for South and...