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RMG workers block Bandartilla road

Our Correspondent | 2014-05-09 00:00:00

CHITTAGONG, May 8: Workers of a laid-off garment factory today lay siege on the Agrabad-Patenga Airport Road disrupting traffic system for about an hour at Bandartilla area in the city. The Newcon Garment in the Bardartilla area was announced lay-off...

News Briefs

2014-05-09 00:00:00

Emirates airlines profit up 43pc in 2013 DUBAI, May 8: Emirates airlines, the largest Middle East carrier, said Thursday it posted a 43 per cent surge in profit to $887 million last year as fuel costs dropped and passenger numbers...

Photo: The Farmers Bank Limited

2014-05-09 00:00:00

Photo: Modhumoti Bank Limited

2014-05-09 00:00:00

BD proposal for local value addition at 30pc for LDCs opposed

Syful Islam | 2014-05-09 00:00:00

Bangladesh proposal on setting local value addition criterion for least developed countries (LDCs) at 30 per cent, instead of 40 per cent, in preferential trade among the Developing-8 (D-8) countries has triggered strong opposition from most of the bloc members,...

Agrani Bank earns Tk 9.05b after-tax profit in 2013

2014-05-09 00:00:00

The Agrani Bank earned an after tax profit of Tk 9.05 billion in 2013. Chairman of the board of directors of the bank Dr Khondoker Bazlul Hoque disclosed the figure while presiding over the seventh annual general meeting (AGM) of...

New tax rate in Myanmar from next FY

2014-05-09 00:00:00

YANGON, May 8 (Xinhua): Myanmar's new income tax and commercial tax law has come into force in the fiscal year (FY) of 2014-15, state media reported Thursday. Under the new law, people who earn from 2.0 million to 5.0 million...

ECB holds interest rates unchanged

2014-05-09 00:00:00

BRUSSELS, May 8 (Reuters): The European Central Bank (ECB) left interest rates unchanged on Thursday, waiting for updated forecasts from its staff in June before deciding whether to take fresh action to counter low inflation that ticked up last month....

exchange rate

2014-05-09 00:00:00

Photo: Al-Arafah Islami Bank

2014-05-09 00:00:00

PM calls for making BD an east-west tourist hub

2014-05-09 00:00:00

Prime Minister Sheikh Hasina Thursday asked the officials of the civil aviation and tourism ministry to make their concerted efforts for development of the tourism and civil aviation sectors to make Bangladesh a tourism hub between west and east, reports...

Sudan urged to recruit Bangladesh manpower, import medicines

2014-05-09 00:00:00

Newly appointed Sudanese Ambassador to Bangladesh Dr Hassan E EI Talib presented his credentials to President Abdul Hamid at Bangabhaban Thursday, reports UNB. Welcoming the ambassador at the Bangabhaban, the President expressed the hope that the bilateral relations between the...

US jobless claims fall, snap three-week upward trend

2014-05-09 00:00:00

WASHINGTON, May 8 (Reuters): The number of Americans filing new claims for unemployment benefits fell more than expected last week, indicating the labor market was strengthening despite a run-up in applications in prior weeks. Initial claims for state unemployment benefits...

Ctg now \\\'more attractive\\\' investment destination

2014-05-09 00:00:00

Chittagong, the country's commercial hub, now became an increasingly attractive destination for investment- both for domestic and foreign direct investment-due to its advantageous location, said State Minister for Land Saifuzzaman Chowdhury, reports UNB. Realising the importance of Chittagong, the present...

China exports regain some strength on US, EU demand

2014-05-09 00:00:00

BEIJING, May 8 (Reuters): China's exports and imports returned to slight growth in April as orders to the United States and European Union surged, offering some positive signals for the world's second-largest economy after a weaker-than-expected start to 2014. Analysts...

Philippines keeps key policy rates unchanged

2014-05-09 00:00:00

MANILA, May 8 (Xinhua): The Philippine Monetary Board (MB) said Thursday that it has decided to maintain policy rates even as it hiked its average inflation forecast for the year. Monetary officials said average inflation for 2014 could settle at...

Gazipur RMG official found dead at factory

2014-05-08 00:00:00

Police recovered the body of a garment factory official from his workplace at Tongi in Gazipur city on Thursday. The deceased was identified as Alamgir Hossain, 38, assistant accountant of ‘Zaber and Zobayer Garment’ situated at Pagar of Tongi. Police...

Govt desperate to hush up Narayanganj 7 murders

2014-05-08 00:00:00

BNP leader Hannan Shah on Thursday alleged the government is desperately trying to hush up the seven-murder incident here as it has a direct link with the killings. “The involvement of Rab in the gruesome killings has proved the government...

Minorities deserve protection all over the world

Zaglul Ahmed Chowdhury | 2014-05-08 00:00:00

Fresh violence against the minority Muslims in eastern Indian state of Assam has caused concern and anxiety as India is in the last leg of its staggered elections that began on April 07 and will close on May 12. The...

On forced disappearances, kidnappings and extrajudicial killings

M. Serajul Islam | 2014-05-08 00:00:00

Awami League leader Suranjit Sengupta has hinted at reality concerning the "forced disappearances", kidnappings and extrajudicial killings when he pointed at a government within the government (GWG) for these acts that have become a national nightmare the like of which...

Dhaka-Chittagong four-lane highway

2014-05-08 00:00:00

Hampered by continued political turmoil for the last quarter of the year 2013, the Dhaka-Chittagong four-lane project could not progress according to the plan. But then when normalcy returned, the pace of work could not gather steam as well. Why?...

Non-banking financing: Role of Factoring

Abu Sayed Md Shaykhul Islam | 2014-05-08 00:00:00

Apart from traditional bank borrowings there are few non-banking financing options such as housing finance, leasing and hire purchase. "Factoring" is also a non-banking financing scheme that aims to provide temporary cash flow problems and, or improve liquidity of a...

Polio-free Bangladesh

Rahman Jahangir | 2014-05-08 00:00:00

That Bangladesh has earned global recognition as a country free from polio, is an achievement to celebrate.  Dhaka has received the certificate from the World Health Organisation (WHO) in this regard. Bangladesh, once known for its poverty and high density...

Let\\\'s teach our children right values

2014-05-08 00:00:00

The murder case against Oishee Rahman of killing her parents has opened a dark chapter of our modern society. It depicts how we are gradually moving away from our cultural and religious values that eat away the moral fibre of...

Prescribing medicines by generic names

2014-05-08 00:00:00

Drug manufacturers and their distributors thrive on unethical practices of doctors who prescribe medicine and help the sales of that particular drug. This was reported by Badrul Ahasn, in his article in "Trade & Market" pages in The Financial Express...

Abduction around the country

2014-05-08 00:00:00

Law and order situation around the country has sharply deteriorated during the last couple of months. Abduction and forced disappearance took place in a filmy style over the last week. Different social organisations expressed growing concern over security of people...

Char development needs budgetary allocation

Zahid Rahman and Mandira Guha Neogi | 2014-05-08 00:00:00

More than 100 upazilas of 32 districts in the country have island-like chars. About 5-6 million people live on these chars and face various kinds of risks and vulnerabilities. From geographical analysis, these char-islets are highly poverty-prone areas. These are...

Developing citizen-centric public administration

Mohammad Navid Safiullah | 2014-05-08 00:00:00

There has been a paradigm shift from traditional hierarchical bureaucratic public administration to a citizen-centric modern public administration. This has happened due to globalisation, rapid technological advancements, rising expectations of the citizens from the public servants in terms of better...

Horror of abduction stalks

Maswood Alam Khan from Maryland, USA | 2014-05-08 00:00:00

Committing a crime and then laying the blame on others is often a common theme in most of the Bangladeshi or Indian thriller movies that are box-office hits. The theme is smartly tailored to create an air of tension and...

Hectic Irri-Boro harvest goes on in Rajshahi

2014-05-08 00:00:00

RAJSHAHI, May 7 (BSS): Harvesting of Irri-Boro has started in full swing everywhere in the region including its vast barind tract with a positive sign of bumper production. In the current season, 15 to 18 maunds of paddy are being...