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Burger King has manoeuvered to cut US tax bill for years

2014-09-03 00:00:00

LONDON, Sept 2 (Reuters) :  Burger King may have taken a lot of flack in the past week for a deal that should curb its US tax bill but in many ways it is consistent with the burger chain's aggressive...

Dutch foreign minister tipped for EU commission job

2014-09-03 00:00:00

THE HAGUE, Sept 2  (AFP): Dutch Foreign Minister Frans Timmermans was in Brussels on Tuesday for talks with EU President Jean-Claude Juncker about becoming a commissioner in his new administration, Dutch media reported. Timmermans, from the centre-left PvdA party, is...

Photo: DÜSSELDORF, Germany : Visitors look at historical caravans at the expo

2014-09-03 00:00:00

Mixed reaction over charging of management fee by AMCs

Mohammad Mufazzal | 2014-09-03 00:00:00

Experts, asset management companies (AMCs), auditors and the securities regulator have expressed mixed opinion regarding charging of management fee of mutual funds (MFs) without performance or giving dividends to the unit- holders. Some of the AMCs said the management fee...

Stocks see rally on DSE

FE Report | 2014-09-03 00:00:00

Stocks witnessed sharp gain Tuesday with prime index of the Dhaka Stock Exchange (DSE) hitting four months high as investors went for buying spree on large cap stocks. The market started with an upward trend and the prime index of...

HSBC distributes gifts among children

2014-09-03 00:00:00

The Hongkong and Shanghai Banking Corporation Limited in Bangladesh recently distributed gifts among the children of ActionAid Bangladesh. The gifts were collected from HSBC staff and customers during Ramadan for the annual 'Joy of Giving' programme.    The 'HSBC Joy of...

News Briefs

2014-09-03 00:00:00

BB seeks reports from banks Bangladesh Bank on Tuesday directed all the 39 scheduled private and foreign commercial banks to send their corporate social responsibility (CSR) activities undertaken by them for the people of flood-affected areas. A circular has been...

Photo: Bangladesh Bank (BB) Governor Atiur Rahman addressing a press briefing

2014-09-03 00:00:00

Photo: MoneyGram Senior Regional Operations Manager, Vishal Krishnan

2014-09-03 00:00:00

Probashi Kalyan Bank to float shares in stock mkt

Badrul Ahsan | 2014-09-03 00:00:00

Probashi Kalyan Bank (PKB), the specialised state-owned bank for expatriates' welfare, has initiated a process of floating its share in the stock market for further expansion, sources said. According to the sources, the authority of the bank is at the...

Islamic Bonds: three-month term instrument to be available now

2014-09-03 00:00:00

The government has brought some changes in the existing Bangladesh government's Islamic Investment Bond (Islamic Bond), reports UNB. Internal Resource Division of the Finance Ministry issued a circular dated August 18, 2014, to bring the changes. Debt Management Department of...

MCCI for creating enabling environment to attract FDI

FE Report | 2014-09-03 00:00:00

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) said the government should create an enabling environment to make the country an attractive destination for overseas investors. "Poor conditions of infrastructure (roads, ports etc), inadequate and erratic supply of power...

Far Chemical recommends 20pc stock dividend

2014-09-03 00:00:00

The board of directors of Far Chemical Industries Ltd on Tuesday recommended 20 per cent stock dividend for the year ending on June 30, reports UNB. The annual general meeting of the company will be held on October 9, 2014 ...

Photo: Provash Chandra Mallick, General Manager, Agricultural Credit & Financial Inclusion Department, Bangladesh Bank

2014-09-03 00:00:00

BRAC EPL Daily Market Update

2014-09-03 00:00:00

Challenges for the economists of South East Asia

Mashiur Rahman | 2014-09-03 00:00:00

Economics as a profession faces a host of challenges today. There was a time when most other social sciences bore grudge against economics. Economics had well-defined methodology, disciplinary boundaries, succeeded admirably to put together the post-war world economy, and, above...

Ukraine crisis further worsens as Putin seeks statehood for eastern Ukraine

Zaglul Ahmed Chowdhury | 2014-09-03 00:00:00

The Ukraine crisis seems to have deteriorated further as Russian president Vladimir Putin has now asked for "statehood" for east Ukraine. While the west is condemning Moscow's increasing involvement in the affairs of Ukraine, Putin has raised the issue of...

Reining in transfer mispricing

2014-09-03 00:00:00

Tax evasion by big companies, especially the multinationals, by way of manipulated transfer pricing has for sometime been a problem with the National Board of Revenue (NBR). Although transfer pricing is a legally acceptable mechanism largely practised by international business...

Real estate in real trouble

Abu Ahmed | 2014-09-03 00:00:00

People in Bangladesh are seen to be rushing to do the same kind of business when they see that some others are doing extremely fine in the field. It is observed in setting up shops of medicines, selling school dresses...

Banking sector and inclusive development

Md. Abdul Halim | 2014-09-03 00:00:00

Nobel laureate Economist Kenneth Arrow gave a dynamic interpretation of increasing return by emphasising "Learning by Doing". Technological progress and human capital formation are endogenised within development trajectories. Investment in knowledge capital sustains long-run growth. Developing countries need to emphasise...

PM\\\'s security and a fanciful thought

2014-09-03 00:00:00

  The other day I was having a walk with my wife along the Crescent Lake in the capital. It was afternoon. Lots of families and people in groups were there walking leisurely, sitting, chatting and enjoying the tranquil beauty of...

Corrupt, and also morally bankrupt

2014-09-03 00:00:00

The news about fake freedom fighters, merrily working at the highest levels of the country's administration, came as an ugly revelation. What is shocking is that these 'wrongdoers' are still serving the government. In other job areas of Bangladesh, including...

Road condition before Eid-ul-Azha

2014-09-03 00:00:00

After Eid-ul-Fitr, Eid-ul-Azha is only a month away from now.  Every year, before this Eid too, we see unbearable gridlocks on the highways due to dilapidated road conditions. Only at the last moment, after a lot of uproar, do the...

Adopting a legal framework for CSR activities

Syed Mahbubur Rashid | 2014-09-03 00:00:00

According to a report published in The Financial Express on 29.8.2014, the government has suspended CSR (corporate social responsibility) activities of four state-owned commercial banks (SoCBs). These are Janata Bank Ltd, Agrani Bank Ltd, Rupali Bank Ltd and Bangladesh Development...

Eradication of corruption: Need for moral revolution

Md Jamal Hossain from Denver, USA | 2014-09-03 00:00:00

Corruption has turned out to be a permanent malady in our society. We, as both conscious and responsible citizens, are desperately looking for a way out of this chronic epidemic. When we talk about corruption, our fingers point to the...

Attempts on to belittle war hero Zia, alleges Tarique

2014-09-03 00:00:00

Despite attempts to implicate Ziaur Rahman in the assassination of Bangabandhu Sheikh Mujibur Rahman, his role in the Liberation War cannot be negated, Tarique Rahman has claimed, reports bdnews24.com. He was addressing an event to mark the party's 36th founding...

No compromise with BNP, not even in 100 yrs: Nasim

2014-09-03 00:00:00

Keeping up his tirade against BNP, Health Minister Mohammad Nasim said Tuesday there could be no consensus with Khaleda Zia's party, not even in the next 100 years, reports UNB. "There'll be no consensus with the killers over the next...

BCL men block road in Gazipur over leader\\\'s arrest

2014-09-03 00:00:00

GAZIPUR, Sept 2 (UNB): The activists of local Bangladesh Chhatra League (BCL) staged demonstrations by blocking a road here in the town Tuesday demanding the release of one of their leaders. Witnesses said a group of BCL men brought out...

Ex-BCL leader stabbed dead in Pabna

Our Correspondent | 2014-09-03 00:00:00

PABNA, Sept 2: Leaders and activists of Awami League and its front organisations blocked an approach road of Pakshey Lalon Shah Bridge on the Ishwardi-Kushtia highway, which links the country's northern and southern districts, for five hours on Tuesday protesting...

Moudud among 41 BNP leaders indicted in violence case

2014-09-03 00:00:00

A CMM court in Dhaka indicted Tuesday BNP leader Barrister Moudud Ahmed and 40 other leaders in a violence case under the Speedy Trial Act, reports UNB. Dhaka Metropolitan Magistrate Muhammad Tareq Mainul Bhuiyan passed the order against the 41...