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A bank is born: Promising start to change international financial architecture

Hasnat Abdul Hye | 2014-07-25 00:00:00

At first it appeared as nothing more than a lot of hot air, limited to loud thinking among the proponents. An inter-continental bank requires cohesion, spirit of co-operation in concrete terms, a good deal of determination and planning which were...

Will new MPS 2014 be investment-friendly?

Anwar Faruq Talukder | 2014-07-25 00:00:00

Generally, monetary policy is defined as a process by which the monetary authority (ideally the central bank) of a country controls the supply of money, fixing rates of interest for the purpose of promoting economic growth and stability. The official...

Who shot down the Malaysian plane?

S.M.Nasimul Haque | 2014-07-25 00:00:00

A Malaysian Airlines aircraft was shot down over war zone of Ukraine on July 17. This flight was planned on an internationally approved route. These routes are established and approved by ICAO for the signatory states to use with full...

Indonesia gets an \\\'out-of-box\\\' leader

2014-07-25 00:00:00

Last Tuesday's electoral outcome of the Indonesian presidential elections as announced by the country's General Elections Commission (KPU) has catapulted Joko Widodo, the reform-minded governor of Jakarta, to the top job of the world's third largest democracy and the most...

Palestine bleeds but world stands a silent spectator

Nilratan Halder | 2014-07-25 00:00:00

Palestine is bleeding in the month of Ramadan. The legacy of the Arab-Jew conflict finds its origin in hoary past of the Old Testament. Judaism as a religion and the Jews as a people originated in a place known as...

Humayun Ahmed is sorely missed

Zaglul Ahmed Chowdhury pays tribute to the memory of the celebrated writer on his 2nd anniversary of death | 2014-07-25 00:00:00

The second death anniversary of celebrated novelist and playwright Humayun Ahmed passed off on July 19, bringing back his memory to countless admirers, friends and well wishers. The news of his death in a New York hospital two years ago...

Fake freedom fighters

2014-07-25 00:00:00

Reports published in the newspapers on Wednesday confirmed that there are many liars, cheats and corrupt officials who are regularly drawing monetary benefits from the state, in a shameful and mean manner for a long period in the name of...

Market full with fake products

2014-07-25 00:00:00

It is indeed alarming to see that some unscrupulous traders are selling fake butter oil in the package of renowned companies and thus cheating  common people. Eid-markets of the country are flooded with fake cosmetics, medicine and food items. Due...

Underground railway link at Dhaka

2014-07-25 00:00:00

Shamsul Arefin's article on the subject, published in the Financial Express on 19th July is a wishful thinking only. The reality will need tremendous changes that could cost the earth. Lest we forget, greater Dhaka and surrounding work areas cover...

Exporting Bangladeshi movies

Shihab Sarkar | 2014-07-25 00:00:00

The Bangladesh film sector was declared an industry two years ago, in 2012. Producers, distributors and film-related people had been voicing the demand for long. In the context of the recent colloquia and lighter seminars mooting the idea of bringing...

Viewing things from depth of solitude

Syed Ashraf Ali, reviewing the book | 2014-07-25 00:00:00

Thoughts and imagination have wings with potential to travel across time and space with effortless ease. A K N Ahmed, who is no stranger to the world of penmanship, has an admirable ability to harmonise his thoughts with imagination to...

Justice for children with disabilities

S. M. Rayhanul Islam reviewing the book | 2014-07-25 00:00:00

"My disability has not prevented me from achieving any of the important things. I am a qualified social worker, passed my driving test when I was 16, left home when I was 19 and have lived and worked in Asia...

Mohammedan finish 4th in Premier Football League

2014-07-25 00:00:00

Mohammedan Sporting Club finished fourth in the Nitol-Tata Bangladesh Premier Football League after beating Soccer Club, Feni by 3-0 goals at Bangabandhu National Stadium on Thursday, reports UNB. Wahed Ahmed put Mohammedan ahead early in the 10th minute. Arup doubled...

Jayawardene slams 101 not out to propel Sri Lanka

2014-07-25 00:00:00

COLOMBO, July 24 (AFP): Mahela Jayawardene cracked his 34th century as Sri Lanka overcame early blows to reach 212-3 at tea on the first day of the series-deciding second Test against South Africa Thursday. Jayawardene (37) hit 13 fours and...

Pakistan unveils new domestic league

2014-07-25 00:00:00

LAHORE, Pakistan, July 23 (AFP): Pakistan's cricket administration on Wednesday unveiled a new domestic league revamp, though demands to remove commercial and government department teams from the competition were ignored. Pakistan has long suffered from a below-par domestic structure. Many...

English triathlete Stimpson wins first gold of C\\\'wealth Games

2014-07-25 00:00:00

GLASGOW, July 24 (AFP): England's Jodie Stimpson won the opening gold of the Commonwealth Games in Glasgow on Thursday on a day when the multi-sport event was hit by the withdrawal of athletics legend Mo Farah. Stimpson, a silver medal...

Glasgow Games ceremony to be UNICEF fundraiser

2014-07-25 00:00:00

GLASGOW, July 24 (AP): The Commonwealth Games opening ceremony in Glasgow will partly be a UNICEF fundraiser, with the agency hoping the move encourages other sporting events to use showpiece occasions as charitable platforms. "There will be a moment where...

sports digest

2014-07-25 00:00:00

Mexican Aguirre named Japan coach after World Cup flop TOKYO, July 24: Mexican Javier Aguirre was appointed Japan's new football coach on Thursday after the team's World Cup flop prompted the resignation of Alberto Zaccheroni. Japan Football Association (JFA) technical...

BB to follow \\\'guarded stance\\\' in capital management

2014-07-25 00:00:00

Bangladesh Bank (BB) will continue its guarded stance in capital management especially allowing capital outflow to avoid risks of spillover impact of global economic uncertainties, reports BSS. "Bangladesh would be well advised to maintain more guarded stance in widening their...

CIMA Qualification now a new benchmark in competitive job market

FE Report | 2014-07-25 00:00:00

Chartered Institute of Management Accountants (CIMA) Qualification is now one of the sought-after professional degrees in the competitive job market. "It makes better position in job market to hold a professional qualification like CIMA rather than doing MBA," said Kashfi...

Bakolia branch of Standard Bank opens

Our Correspondent | 2014-07-25 00:00:00

CHITTAGONG, July 24: The 88th branch of Standard Bank Ltd was opened today at Kala Meah Bazar under Bakolia thana in the city. Chairman of the bank and president of FBCCI Kazi Akram Uddin Ahmed formally opened the branch of...

Last trading day before Eid sees upward trend

FE Report | 2014-07-25 00:00:00

The last trading day ahead of Eid vacation closed higher Thursday with turnover improved slightly as investors went for buying spree on large cap stocks amid optimism. The market opened with a positive note and the upward trend continued till...

News Briefs

2014-07-25 00:00:00

9-day vacation begins today on DSE, CSE A nine-day long vacation including weekly holidays of Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) begins today (Friday), officials said. Both the bourses - DSE and CSE - will remain closed...

Photo:Uttara Bank Limited

2014-07-25 00:00:00

Private jute millers seek fresh working capital

Ziaur Rahman | 2014-07-25 00:00:00

An advisory committee of the Ministry of Textiles and Jute has urged the Bangladesh Bank (BB) to ensure fresh working capital for private jute millers, keeping their outstanding loans along with five years' interest in a 'blocked account'. The advisory...

Remittance in-flow up in Ramadan

FE Report | 2014-07-25 00:00:00

Xpress Money, one of the world's leading money transfer brands, has seen a 15 percent rise in remittances to Bangladesh, ahead of Eid-UL-Fitr. There is an increasing trend of Bangladeshi expats starting to save and send back a little extra...

Fashion houses facing uneven contest from smuggled Indian dresses

FE Report | 2014-07-25 00:00:00

Despite producing highly fashionable and quality fabrics, local fashion houses have been facing uneven competition from the smuggled Indian dresses that have flooded the markets of the capital and some other areas of the country. Local boutique owners, who have...

Photo: LankaBangla Finance Ltd (LBFL)

2014-07-25 00:00:00

Maritime boundary disputes resolved because of AL: PM

2014-07-25 00:00:00

Prime Minister (PM) Sheikh Hasina has said if Awami League (AL) had not been voted to power in the 2008 and 2014 general elections, winning the maritime boundary rights over Myanmar and India would not have been possible, reports UNB....

Movement to continue until victory: BNP

2014-07-25 00:00:00

BNP acting secretary general Mirza Fakhrul Islam Alamgir said Thursday they will continue their movement until they achieve the victory, reports UNB. He hoped that the Dhaka city unit under the leadership of party standing committee member Mirza Abbas will...