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Tongi-Bhairab double track rly now to be completed by 2015

Shamsul Huda | 2014-04-04 00:00:00

With more than 75 per cent construction of the Tongi-Bhairab double track railway project complete, the scheduled time for the project is likely to be extended up to May 2015. Upgrading the existing single track to double to increase line...

IMF warns of economic impact of Ukraine, other crises

2014-04-04 00:00:00

WASHINGTON, Apr 03 (AFP): International Monetary Fund Managing Director Christine Lagarde warned yesterday that the political crisis around Ukraine poses a danger to the broader world economy. In a speech in Washington, Lagarde said global growth five years after the...

France angles for new EU timetable on budget limits

2014-04-04 00:00:00

PARIS, Apr 03 (AFP): France's newly reshuffled government took a combative tone with Brussels Thursday, with new Finance Minister Michel Sapin saying the "pace" of deficit reduction would be raised in talks with the EU. In his first public comments...

Vietnam\\\'s state budget revenue hits $9.24b

2014-04-04 00:00:00

HANOI, Apr 03 (Xinhua): Vietnam's budget revenue reached 195.07 trillion Vietnamese dong (9.24 billion U.S.  dollars) in the first quarter of 2014, accounting for 24.9 percent of the year's estimate, up 15.9 percent year-on-year, the Ministry of Finance said yesterday....

Britain to help developing countries build sustainable tax regime

2014-04-04 00:00:00

LONDON, Apr 03 (Xinhua): Britain will help some developing countries set up sustainable tax regimes that can provide the countries with reliable sources of tax revenue, the British Department for International Development (DFID) said yesterday. As part the commitment, the...

Global Commodity Prices

2014-04-04 00:00:00

Energy Commodity Futures Commodity Units Price Change % Change Crude Oil (WTI) USD/bbl. 99.24 -0.38 -0.38% Crude Oil (Brent) USD/bbl. 104.95 +0.16 +0.15% RBOB Gasoline USd/gal. 2.8769 +0.72 +0.25% NYMEX Natural Gas USD/MMBtu 4.41 +0.05 +1.05% NYMEX Heating Oil USd/gal....

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2014-04-04 00:00:00

Allowing people with dual nationality the right to vote and become MPs

Nazir Ahmed | 2014-04-04 00:00:00

Constitutionally a dual citizen (say, a British citizen of Bangladeshi origin) can become the Chief Justice of the People's Republic of Bangladesh (by becoming a High Court Judge, then a Judge of the Appellate Division of the Supreme Court, and...

Ecobank\\\'s lessons for pan-African banking

Stephen Adams | 2014-04-04 00:00:00

Events at west African lender Ecobank over the past six months have been widely and rightly interpreted as an important test for the credibility of African bank governance and regulation. A combination of internal whistleblowing, regulatory pressure and shareholder activism...

Counting extra cost on delayed projects

2014-04-04 00:00:00

A power transmission grid development programme has unsurprisingly hit a snag. That it will cost an extra 18 per cent over its original estimate of Tk 17.14 billion to push up the amount to Tk20.18 billion is also nothing unusual....

Primary growers deserve better

Nilratan Halder | 2014-04-04 00:00:00

Poultry farmers from different areas under Dhamrai upazila registered a novel protest on Tuesday last in order to draw the attention of the authorities concerned. More than 500 owners of poultry farms smashed about 20,000 eggs on the Dhaka-Aricha Highway...

Socially responsible financing

Shahana Bilkis | 2014-04-04 00:00:00

The concept of Socially Responsible Finance (SRF) and Socially Responsible Investing (SRI) continues to grow, especially in the wake of one of the most devastating financial crises in history. This includes responsibility from the corporate side (corporate social responsibility) as...

Government support for furniture export

2014-04-04 00:00:00

It gives me immense pleasure to say that Bangladesh aims to increase exports by diversifying its export basket and exploring new markets. Earlier Bangladesh used to rely on a fewer number of export products. But now there are several products...

Earthquake in Chile

2014-04-04 00:00:00

I heard from my expatriate friend in America that a strong earthquake of the magnitude of 8.2 has just jolted Chile. Later, I came to know it struck off the coast of Chile which led to five deaths initially and...

Corrigendum

2014-04-04 00:00:00

There was a typing error in the article (column 6, para 2), "Russia-Bangladesh relations in the context of Crimean vote" carried in the Views & Opinion Page yesterday. In the last part of the sentence, 'While Russia has supported in...

Of freedom and security

Md. Saifullah Khaled | 2014-04-04 00:00:00

Freedom is as important as security. We humans need both freedom and security. Security needs to be balanced with freedom because without freedom we would be living in fear of the state or the government demanding of us, or dictating,...

Concerned about democratic rights

Zaglul Ahmed Chowdhury | 2014-04-04 00:00:00

When a well-known business leader attempts to write on economic and trade matters, the exercise becomes worthwhile as it is believed to reflect on the subject in myriad shades and forms. Then, when it comes from someone inextricably linked with...

Key index crosses 4,600 point-mark

2014-04-04 00:00:00

FE Report Stocks extended gaining streak for the fourth consecutive session Thursday and the key index of the prime bourse crossed 4,600 point-mark as investors continued to take position amid optimism. The key index of the Dhaka Stock Exchange (DSE)...

NRBCB plea to allow Shariah-based banking

2014-04-04 00:00:00

FE Report NRB Commercial Bank Ltd (NRBCB) has celebrated its first founding anniversary with a plea to the government to allow the bank to convert it into fully Shariah-based one. The NRBCB arranged the anniversary function at the Bangabandhu International...

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2014-04-04 00:00:00

Jewellers seek permission to import gold, silver

2014-04-04 00:00:00

FE Report Country's jewellers sought permission from the government to import gold and silver with a view to expanding the jewellery business. They proposed to allow jewellery businessmen to bring 2 kgs of gold and silver bar (with selling permission)...

\\\'Govt to help pharma sector\\\' in high-tech manufacturing

2014-04-04 00:00:00

FE Report Health minister Mohammad Nasim said Wednesday the government was ready to provide all kinds of support to the pharmaceutical sector to help it go for manufacturing based on high-tech. With the growing demand for local pharmaceutical products in...

Mother of 3 killed by husband

2014-04-04 00:00:00

A housewife was beaten to death allegedly by her husband at Mohammadpur upazila in Magura on Friday. The deceased was identified as Runa Khatun, 30, wife of Jahid Molla of Jhama village. Quoting locals, Manirul Islam, officer-in-charge of Mohammadpur Police...

Rain brings relief

2014-04-04 00:00:00

The city experienced a spell of rain and nor'wester from Thursday night to Friday morning, bringing relief from the swelter at least for a day. According to the Meteorological office, hailstorm with gusty wind hit different parts of Dhaka city...

BTCL reduces internet price by 42pc

2014-04-04 00:00:00

The Bangladesh Telecommunications Company Ltd (BTCL) has reduced the dedicated internet price by 42 per cent to Tk 2,800 for 1 Mbps (megabyte per second), which was Tk 4800 earlier. The state-owned telecom operator has also slashed all other retail...

Vice Chairman of Al-Arafah re-elected

2014-04-04 00:00:00

Mr. S M Shameem Iqbal has been re-elected as the Vice Chairman of Al-Arafah Islami Bank Ltd. The 255th meeting of the Board of Directors re-assigned him as the Vice Chairman unanimously recently. According to the decision of the meeting...

Modernisation spurs business of Rupali Bank

2014-04-04 00:00:00

FE Report The Rupali Bank Ltd has taken an initiative to increase the number of its foreign currency exchange booths especially in the country's airports in order to facilitate the remittance inflow, officials said. They said the move will help...

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2014-04-04 00:00:00

NAV of Prime Unit Fund disclosed

2014-04-04 00:00:00

Prime Finance Asset Management Company Limited (PAMC) has declared the Net Asset Values (NAV) of Prime Financial First Unit Fund, the first private sector unit fund in Bangladesh, according to a press release.  The total NAV of Prime Financial First...

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2014-04-04 00:00:00