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Inflation: Will increase of cash requirement ratio deliver?

Abul Basher | 2014-07-13 00:00:00

The Bangladesh Bank (BB) has recently increased the cash requirement ratio (CRR) by 0.5 per centage points, from 5.0 per cent to 5.5 per cent on daily basis. At the same time, the bi-weekly average has to be 6.0 per...

Poor road conditions: Clamour and cosmetic improvements

2014-07-13 00:00:00

With the holy Eid-ul-fitr remaining two weeks away, the issue of poor conditions of the country's major roads and highways has again come to the fore like the last couple of years. Following a threat from the road transport owners...

Solving city\\\'s water-logging problem

Shahiduzzaman Khan | 2014-07-13 00:00:00

Water-logging has become a perennial problem for the residents of Dhaka city. It causes disruption of normal life and traffic movement, damage to structures and infrastructure, destruction of vegetation and aquatic habitats, and loss of income potential. During the monsoon,...

For a safe travel home on Eid

Shihab Sarkar | 2014-07-13 00:00:00

Eid shopping in the metropolis has started picking up. We have to wait for some more days to see it hit the crescendo, when we will call it a shopping spree. Yet, one would feel the shoppers' heat even now...

Finally, the World Cup final

2014-07-13 00:00:00

Finally, the wait is going to be over as the World Cup soccer has reached its last and final stage. Germany and Argentina are now ready to lock their horn for the most-coveted sports trophy of the world. The 2014...

Alarming rise in kidney disease

2014-07-13 00:00:00

It is shocking to learn that about 40,000 people die every year in our country due to kidney diseases. It is also a matter of serious concern that almost 18 million people are suffering from kidney-related ailments. The cost of...

Democracy there and here

2014-07-13 00:00:00

Interesting AFP news from Austin Texas carried in a local daily demonstrates democracy in real life in USA. US President Barack Obama jumped the queue (with apologies to all in the queue) which was rather long in a popular hamburger...

Ashraf for steps to stop Israeli attacks on Gaza

2014-07-13 00:00:00

Awami League general secretary Syed Ashraful Islam urged Sunday the international community to take steps to stop the barbaric attack on the people of Palestine.  “Israel has been continuing air-strikes on Gaza for the last five days, triggering a human...

Investing in young people

Maswood Alam Khan from Maryland, USA | 2014-07-13 00:00:00

The greatest achievement in Bangladesh in terms of population development has been made possible with the educational attainment of young Bangladeshi children, especially the young girls, during the last two decades. Successive governments since the early 1990s have devoted tremendous...

ICAB-ICMAB standoff: An onlooker`s view

Syed Mahbubur Rashid | 2014-07-13 00:00:00

The Finance Act-2014 has allowed Cost and Management Accountants (CMAs), besides the Chartered Accountants (CA), to audit individuals' financial status. A new subsection, 35 (3A), has been added to the Income Tax Ordinance 1984 making  it  mandatory  for  every taxpayer,...

Grain prices hit multi-year lows as US raises supply forecasts

2014-07-13 00:00:00

CHICAGO, July 12 (Reuters): Grain prices tumbled to their lowest levels in years on Friday, extending a weeks-long rout after the US Department of Agriculture projected that supplies will significantly exceed expectations. Crops in the United States, the world's top...

Gold shines as investors seek shelter; oil drops again

2014-07-13 00:00:00

LONDON, July 12 (AFP): Gold prices zoomed this week to a four-month peak as investors sought shelter from weak eurozone data and fears of contagion from a bank's problems in Portugal, dealers said. The oil market however sank for the...

India starts first new major coal mine in at least five years

2014-07-13 00:00:00

NEW DELHI,  July 12 (Reuters) :  Coal India Ltd(COAL.NS) started production on Friday at a 12-million-tonnes-per-year mine, its first major new project in at least five years, which should help boost supplies to fuel-starved power plants. The world's biggest coal...

Libyan protesters shut down Brega oil port

2014-07-13 00:00:00

TRIPOLI, July 12 (Reuters): Protesters have shut down the eastern Libyan oil port Brega, state firm National Oil Corp (NOC) said on Saturday, days after the government celebrated the reopening of major ports after almost a year of blockage. NOC...

Global Commodity Prices

2014-07-13 00:00:00

GI rules drafted to secure patent for traditional items

Md Shah Jahan | 2014-07-13 00:00:00

The government has finally drafted the Geographical Indication (GI) rules to help protect the patent rights and ensure the country's ownership of a range of traditional items, including Jamdani. The Department of Patents, Designs & Trademarks (DPDT) of Ministry of...

Farm exports fetch record $615m in 2014 fiscal year

Yasir Wardad | 2014-07-13 00:00:00

Farm exports brought in a record US$615 million in the just-concluded financial year, with vegetables leading the shipment. Agriculture exports brought in US$615 million in 2014 fiscal compared with $535.74 million a year ago, posting a 15 per cent growth,...

220 garment factories go bust, 80,000 left jobless

Shah Alam Nur | 2014-07-13 00:00:00

Fear and despair over losing jobs stare hundreds of readymade garment (RMG) workers in their face these days as many factories are facing closure amid a storm triggered by compliance issue in the aftermath of Rana Plaza collapse, industry-insiders said....

Brazil leader thanks World Cup team for joyous moments

2014-07-13 00:00:00

BRASïLIA: Brazilian President Dilma Rousseff Sunday thanked the Brazilian World Cup team for "moments of joy" prior to a stunning exit. The five-time champions signed off from the tournament in miserable fashion, annihilated 7-1 by Germany in their semi-final before...

EU looks to reassure Russia on Ukraine trade deal

2014-07-13 00:00:00

BRUSSELS, July 12 (AFP): Ukraine, Russia and the European Union sat down Friday for a first round of talks intended to reassure Moscow on the consequences of tighter trade links between Kiev and Brussels. Late last month, Ukraine and the...

News Briefs

2014-07-13 00:00:00

India's industrial output jumps 4.7pc in May NEW DELHI, July 12: India's industrial production jumped for the second month in a row in a boost for the new Narendra Modi-led government which faces a huge challenge to revive the ailing...

Photo: The Half-yearly Business Conference - 2014 of South Bangla Agriculture & Commerce (SBAC) Bank Limited

2014-07-13 00:00:00

Photo: Managing director of First Security Islami Bank Limited

2014-07-13 00:00:00

After decades, Biman plans to go for TV commercials

2014-07-13 00:00:00

After a couple of decades, Biman Bangladesh Airlines has decided to produce television commercials for airing on local and international media, aiming to attract more passengers. "Biman's TV commercial was last aired in the late 1980s," a former board director...

BASIC reels under bad debt

2014-07-13 00:00:00

The state-owned BASIC Bank, under fire over financial irregularities, has an unrecoverable amount of debts that have increased nearly 30 times over the past four and a half years, reports bdnews24.com. It currently has a capital deficit of over Tk...

Jamdani fair begins today

2014-07-13 00:00:00

A 16-day International Jamdani Taant Bastra Fair will formally begin Sunday  on the premises of the Siddheshwari Girls School at Bailey Road in the city, reports BSS. Bangladesh Weavers' Product and Manufacturing Business Association (BWPMBA) is organising the fair. State...

Bangladesh to host international blue economy seminar in September

2014-07-13 00:00:00

Bangladesh will host a two-day international workshop on "Blue Economy" in September this year to discuss ways to better explore the untapped resources of the Bay of Bengal, a foreign ministry official said Saturday, reports UNB. The Sept. 1-2 workshop...

Walton offers zero interest payment for six-month installment

2014-07-13 00:00:00

Country's leading electronics and automobiles brand Walton now offer customers the convenience of interest-free installment payments over a six-month period, reports UNB. The consumers will be able to avail the offer against a purchase worth Tk 8,500 and above at...

India targets middlemen in food chain as inflation bites

2014-07-13 00:00:00

New delhi July 12 (Reuters) : Every few weeks farmer Jay Narayan Singh hauls onions and potatoes in a hired lorry to a wholesale market an hour's drive from his home in the country's northern plains, only to sell his...

China demands wall around wealth management sector to cut risk

2014-07-13 00:00:00

SHANGHAI, July 12 (Reuters) :  Chinese banks must create a firewall around increasingly popular wealth management services, the country's banking regulator urged, in order to avoid any contagion from higher risk products spreading to normal bank loans. Banks must establish...