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Alibaba lifts veil on \\\'partnership\\\' ahead of US IPO

2014-06-18 00:00:00

NEW YORK, June 17 (AFP): Chinese Internet giant Alibaba, the world's largest online retailer, on Monday disclosed details of its unusual "partnership" management in documents filed for its US stock offering. The filing with the Securities and Exchange Commission names...

Sensex snaps 2 days of losses

2014-06-18 00:00:00

MUMBAI, June 17 (Reuters): The BSE Sensex snapped two days of falls and ended up on Tuesday, recovering from a 1-1/2-week low hit on Monday, buoyed by gains in upstream oil and gas companies on expectations of margin expansion after...

Gazprom lists in S’pore, taps Asian investors

2014-06-18 00:00:00

SINGAPORE, June 17 (AFP): Russian energy giant Gazprom began trading on the Singapore stock exchange on Tuesday, with the company seeking to tap Asian investors following a massive gas deal with China. The Singapore Exchange (SGX) said Gazprom's global depository...

Ratnakar Bank plans IPO in Q1 of 2015

2014-06-18 00:00:00

MUMBAI, June 17 (Reuters): Ratnakar Bank Ltd plans to launch an initial public offering (IPO) of shares worth up to $250 million in the first quarter of next year, three sources directly involved in the process said on Tuesday. Ratnakar...

Hong Kong shares end 0.42pc lower

2014-06-18 00:00:00

HONG KONG, June 17 (AFP): Hong Kong shares fell 0.42 per cent on Tuesday as dealers tracked the developing crisis in Iraq while awaiting the outcome of a two-day Federal Reserve policy meeting. The benchmark Hang Seng Index dipped 97.08...

Tokyo stocks close 0.29pc higher

2014-06-18 00:00:00

TOKYO, June 17 (AFP): Tokyo stocks closed 0.29 per cent higher Tuesday on bargain hunting while a weaker yen boosted exporters, despite jitters over the unrest in Iraq. The benchmark Nikkei 225 index added 42.68 points to finish at 14,975.97,...

Photo: Technohaven Consortium

2014-06-18 00:00:00

Photo: Modhumoti Bank Limited

2014-06-18 00:00:00

Photo: President of Bangladesh Indenting Agents Association (BIAA)

2014-06-18 00:00:00

IPO Diary

2014-06-18 00:00:00

When the dream of overseas jobs turns into a nightmare

M. Serajul Islam | 2014-06-18 00:00:00

The recent incident in the Bay of Bengal in which five Bangladeshis were killed is no accident.  They were among 318 in a trawler who were trying to reach Malaysia illegally and were killed when Myanmar's human traffickers fired at...

Prospects of fisheries

Mahmudul Karim | 2014-06-18 00:00:00

Global warming, sea-level rise and a series of resultant changes in the coastal, as well as the inland aquatic environment should no longer be taken as mere conjectures of some scientists; these are now appearing more and more as stark...

Driving out river bank grabbers

2014-06-18 00:00:00

The government has sporadically carried out the programme of getting rid of unauthorised structures along the banks of the rivers surrounding the Dhaka city. The result of such drives in the past has been very frustrating. Within days after the...

Why are anti-corruption agencies more successful in some countries?

M.G. Quibria | 2014-06-18 00:00:00

Singapore and Hong Kong, which were once infested with corruption, are now virtually corruption-free.  In this transformation, the anti-corruption agencies in those countries played a pivotal role. They eradicated corruption in a relatively short period.  In contrast, countries such as...

Promoting trade

Kaniz Fatema | 2014-06-18 00:00:00

Bangladesh lacks a comprehensive trade policy. Trade-related issues in the country are governed by different policies relating to export, import, industries, SMEs, different macro-economic issues etc. Several institutions are engaged in setting different trade-related policies. Lack of co-ordination among all...

World Cup roller-coaster ride

2014-06-18 00:00:00

The World Cup football tournament is gradually gaining its momentum with one after another exciting match taking place. People are glued to the TV set as if there is no world beyond that. In daytime people are walking like a...

Time Banks

2014-06-18 00:00:00

I am interested in how the healthcare system in Bangladesh can improve. Time Banks are becoming a more effective system to improve the health and lifestyle of many people who cannot afford to take care of themselves and their family....

Gold analysis

2014-06-18 00:00:00

Enough hullabaloo is being made in the media in view of the fact that the gold content of the crests given to 'Friends of Bangladesh' who helped us during the war of liberation, was too low. Gold crests deserve renaming...

The contribution of foreign consultants

Waliul Huq Khandker | 2014-06-18 00:00:00

The challenges faced by national consultants working for development projects in Bangladesh face were discussed by this scribe in an article published in the Financial Express on June 07 last. In that article the international consultancy scenario was deliberately avoided...

The capital market and role of SEC

Syed Mahbubur Rashid | 2014-06-18 00:00:00

US corporate executives enjoyed the privilege of diverting investment to a project known as the special purpose enterprise (SPES) with sufficient confidentiality. Taking advantage of this, Enron, an energy behemoth, in connivance with the audit giant Anderson, laundered billions of...

Reign of terror everywhere, says Fakhrul

2014-06-18 00:00:00

BNP acting secretary general Mirza Fakhrul Islam Alamgir alleged Tuesday that the current 'illegal' government has established a reign of terror everywhere in the country by resorting to killings, abductions and enforced disappearances only to hang onto power, reports UNB....

\\\'Talks possible if BNP recognises govt as legal\\\'

2014-06-18 00:00:00

Health Minister Mohammad Nasim said Tuesday a dialogue between the ruling Awami League (AL) and BNP can take place if it recognises the current government as the legal one, reports UNB. "If you (BNP) want any dialogue with the government,...

NID data centre\\\'s security sought

2014-06-18 00:00:00

Independent MP Rustom Ali Faraji sought on Tuesday the Prime Minister's intervention in ensuring the security of the data centre of the National Identity (NID) Card and the citizens' personal information, reports UNB. Standing on point of order at the...

CCC mayor marks four-year term

Our Correspondent | 2014-06-18 00:00:00

CHITTAGONG, Jun 17: Chittagong City Corporation (CCC) Mayor and ward councillors Tuesday organised a milad mahfil at Amanat Shah Mazar in the port city marking the four-year term in office. Ctg Mayor Manjur Alam attended the occasion and offered prayers...

‘Vacuum imminent if RPO 19 declared illegal’

2014-06-18 00:00:00

The Attorney General (AG) said Tuesday if the High Court (HC) declares illegal the provision 19 of the RPO empowering MP candidates to be elected unopposed, there will be a vacuum, reports UNB. "Such declaration ceases to exist the 154...

Qaiser mastermind behind killing of 4 FFs, says PW

2014-06-18 00:00:00

A female prosecution witness (PW) blamed Tuesday SM Qaiser for killing her freedom fighter (FF) father along with his three comrades-in-arms during the Liberation War in 1971, reports UNB. "Despite seeking mercy grabbing Qaiser's leg for my captured father along...

CUET closed sine die

Our Correspondent | 2014-06-18 00:00:00

 CHITTAGONG, Jun 17: All classes of CUET (Chittagong University of Engineering and Technology) were suspended sine die following clashes between two groups of Bangladesh Chhatra League (BCL) in the campus today. A meeting of the deans of faculties, heads of...

Another ‘killer’ of Fulgazi chairman held

2014-06-18 00:00:00

FENI, June 17 (UNB): Police arrested another accused of the sensational killing of Fulgazi Upazila chairman Ekramul Haque Ekram. The arrestee was identified as Azmir Hossain Raihan, son of Abdul Motaleb Ratan of West Sonapur village under Sadar Upazila. Police...

‘N\\\'ganj-5 by-polls to be fair, peaceful’

2014-06-18 00:00:00

NARAYANGANJ, Jun 17 (UNB): Election Commissioner Brig Gen (retd) Zabed Ali said Tuesday they are determined to hold a free and fair by-election in Narayanganj-5 constituency billed for June 26. Talking to reporters after a views-exchange meeting with candidates at...

Photo: Distinguished Fellow of Centre for Policy Dialogue (CPD)

2014-06-18 00:00:00