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Mist over GDP growth rate

Shamsul Huq Zahid | 2014-05-26 00:00:00

What will be the rate of growth of the gross domestic product (GDP) of Bangladesh during the outgoing fiscal (2013-14)? A precise figure is difficult to predict. The multilateral donors-the International Monetary Fund (IMF), the World Bank (WB) and the...

Aggression unleashed by fishmongers

Neil Ray | 2014-05-26 00:00:00

Fishmongers are usually a docile type of community who know their art well. But of late, intruders into the trade have been overtly responsible for its corrosion. How corroded fish trade has become can better be gauged by the aggression...

Water shortage and a bleak prospect

2014-05-26 00:00:00

In summer, Dhaka dwellers face an acute water crisis. In many localities of the city water comes at a fixed time and people have to complete their work during that time. No matter how awkward the time may be, people...

Raising tobacco tax

2014-05-26 00:00:00

Media reports suggest enhancement of tax on tobacco. I fully agree with it. The government can, and should raise the tobacco tax to at least 70 per cent. Since we are not banning tobacco totally we should make this undesirable...

Deteriorating law and order

2014-05-26 00:00:00

With each passing day the law and order is sinking to a new low  and it is indeed frightening. The ruling party's 'careless' attitude is worsening the situation. Had it happened in any true democratic country, many would have submitted...

Irregularity of promotion in JB

2014-05-26 00:00:00

Janata Bank is the second largest state-owned commercial bank of Bangladesh. Though the bank is making progress under the present management, some activities regarding promotion is seen as detrimental to the interest of the dedicated officers. Some dishonest employees grab...

Deepening regional trade and investment integration

Atiur Rahman | 2014-05-26 00:00:00

The annual meeting of the Board of Directors of the Asian Clearing Union (ACU) allows the member central banks to share experiences and ideas on how we are getting along amid unfolding events and developments in the global scenario, particularly...

Whither India\\\'s banking sector?

B K Mukhopadhyay | 2014-05-26 00:00:00

To realistically face Basel III, or global prudential banking norms, all banks have been planning to shore up their Tier 1 capital. According to the Reserve Bank, Indian lenders will require additional capital of Rs 5,000 billion to meet the...

Sonia, Rahul to attend Modi swearing-in

2014-05-26 00:00:00

NEW DELHI, May 25 (agencies): Congress president Sonia Gandhi and her son Rahul will represent the party at the swearing-in ceremony of prime minister-elect Narendra Modi  Monday. Sonia, the chief of Congress-led UPA, congratulated Modi on May 20, hours after...

Pakistan frees 151 Indian prisoners ahead of Sharif’s Delhi visit

2014-05-26 00:00:00

ISLAMABAD May 25 (Reuters): Pakistan Sunday released 151 Indian prisoners as a goodwill gesture ahead of Prime Minister Nawaz Sharif's visit to New Delhi to attend the swearing-in ceremony of Indian Prime Minister-elect Narendra Modi, officials here said. Authorities said...

Eurosceptic \\\'earthquake\\\' rocks EU elections

2014-05-26 00:00:00

Eurosceptic and far-right parties have seized ground in elections to the European parliament, in what France's PM called a "political earthquake". UK Independence Party and French National Front both performed strongly. The three big centrist blocs all lost seats, though...

Thai military tightens grip on power

2014-05-26 00:00:00

BANGKOK May 25 (agencies): Thailand's military will tighten its grip on power on Sunday as it moves to douse smouldering protests before they flare and rally commercial agencies and business to revitalise the country's battered economy. The military stepped in...

Two Israelis killed in Brussels shooting

2014-05-26 00:00:00

BRUSSELS, May 25 (Reuters):  Two of the three people killed in a shooting at the Jewish Museum in central Brussels on Saturday were Israeli tourists, Israel's Foreign Ministry said on Sunday. A spokesman for the Israeli Foreign Ministry did not...

Ukraine votes as fear, war stalk Russia border zone

2014-05-26 00:00:00

CRIMEA, May 25 (Reuters):  Ukrainians are widely expected to give a resounding endorsement to the overthrow of their last elected leader by voting on Sunday for presidential candidates promising close ties with the West, in defiance of Russia's Vladimir Putin....

China test-flies warplanes first time on highway strip

2014-05-26 00:00:00

BEIJING, May 25 (PTI): For the first time, China's air force on Sunday successfully test flew warplanes from a highway strip in central China's Henan Province. Flight tests of military aircraft including the third generation of warplanes were held on...

news digest

2014-05-26 00:00:00

Italian journalist killed in eastern Ukraine ROME, May 25: Italy's foreign ministry says an Italian photojournalist has been killed in eastern Ukraine, where he was covering the conflict ahead of the presidential election.   The ministry said in a statement that...

Photo: Pope Francis celebrates a mass in Manger Square

2014-05-26 00:00:00

BB asks to digitise IDRA, BSEC activities

FE Report | 2014-05-26 00:00:00

Bangladesh Bank (BB) Governor Dr Atiur Rahman Sunday called upon its associate regulatory bodies, specially the insurance and securities regulators, to digitise their activities to combat the money laundering and terrorism financing. In this connection, the governor of the central...

GP gets approval to collect Tk1.0b outstanding bills

FE Report | 2014-05-26 00:00:00

Country`s leading mobile phone operator Grameenphone has received approval for collecting outstanding bills worth around Tk1.0 billion from its postpaid customers by appointing third party. The dues stuck at some 5,75,000 accounts since the beginning of the company`s operation in...

News Briefs

2014-05-26 00:00:00

Familytex promoted to A-category Familytex (BD) Limited, a Chittagong-based cent per cent export oriented garments manufacturer, will be placed in 'A' category from existing 'Z' category with effect from today (Monday), officials said. "The company will be placed in 'A'...

Photo: Trust Bank Limited

2014-05-26 00:00:00

Afforestation project gets momentum with corporate support

FE Report | 2014-05-26 00:00:00

Over the last 35 years, the Government of Bangladesh, with the support of development partners and private corporate sector, has invested over $10 billion to make the country less vulnerable to natural disasters. "A major portion of this fund is...

European stocks surge after EU vote

2014-05-26 00:00:00

LONDON: Europe's main stock markets rose Monday, brushing off the rise of eurosceptics in EU elections over the weekend, with Milan's FTSE Mib index of top companies surging 3.61 per cent to 21,494 points. Frankfurt's DAX 30 hit a new...

Turnover hits 7-month low

FE Report | 2014-05-26 00:00:00

Stocks ended flat into the red Sunday amid choppy trading with turnover on the prime bourse hitting fresh 7-month low as investors remained cautious ahead of upcoming budget to be announced on June 5. "With shaky sentiment and apparent lack...

Global Ins gets new chair

2014-05-26 00:00:00

The board of directors of Global Insurance Ltd in its 106th board meeting unanimously elected Director and Founder Chairman Architect Mubasshar Hussain as the 11th Chairman of the company, according to a press release. Mr Mubasshar completed his B Arch...

Latest NAVs of RACE-managed MFs

2014-05-26 00:00:00

IPO Diary

2014-05-26 00:00:00

Photo: Mercantile Bank Limited and United Hospital Ltd signed a Corporate Medical Services Agreement

2014-05-26 00:00:00

Photo: Modhumoti Bank Limited

2014-05-26 00:00:00

\\\'No concerts, fairs on sports grounds\\\'

2014-05-26 00:00:00

The Parliamentary Standing Committee on the Youth and Sports Ministry recommended Sunday proper steps to stop arrangement of any concert, fair and other cultural programmes on sports grounds, reports UNB. It also suggested building more green sports grounds in the...