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VAT on superstores: A reply

Md Jamal Hossain | 2014-03-01 00:00:00

An article was published in the Financial Express on February 26, 2014 titled "On the issue of VAT on superstores" which has raised views different from those raised in this writer's article published in the same newspaper on February 23,...

Towards integrated farm management

2014-03-01 00:00:00

The recent decision by the Executive Committee of the National Economic Council (ECNEC) to undertake a country-wide project for training farmers across rural areas is indeed a welcome one. The idea is to impart training on integrated methods of cultivation...

Doctors deserve props to serve rural areas

Rahman Jahangir | 2014-03-01 00:00:00

Recently the ministry of health (MoH) suspended seven doctors for failing to remain in their workplaces in rural  health sub-centres and health complexes in Shibpur and Palash upazilas (sub-districts) of Narsingdi district. Based on complaints, the minister concerned issued suspension...

Developing women entrepreneurship

Ruma Halder | 2014-03-01 00:00:00

Bangladesh is a country of immense potential having a rapidly developing market-based economy. It has an aim to attain the middle-income-country status by the year of 2021. Approximately half of the total population of this country is women. It cannot...

Bangladesh must get its acts together

2014-03-01 00:00:00

In the second match of Asia Cup, only two cricketers of Bangladesh, Captain Mushfiqur Rahim and the opener Anamul Haque, made remarkable progress. They played delightful innings. Mushfiqur scored 117 runs with the help of seven boundaries and two sixes...

Galloping horse of house rent

2014-03-01 00:00:00

House rent has been increasing abnormally day by day and it is hitting hard the middle income families. The house owners have been increasing house rent every year as they know shifting house is a big hassle. Although there is...

Pay commission needs to start functioning

2014-03-01 00:00:00

The government of Bangladesh formed a pay commission headed by Dr Mohammad Farashuddin, former governor of Bangladesh Bank, for government employees in November 2013. Recently, Bangladesh Bureau of Statistics, in a projection event on national annual income, in presence of...

Maoist rebels kill six police in central India

2014-03-01 00:00:00

RAIPUR, Feb 28 (AFP): Maoist rebels opened fire and triggered landmines in India's restive Chhattisgarh state Friday, killing six policemen in the latest in a string of deadly attacks on security forces. The insurgents attacked the policemen as they were...

Gunmen kill Egypt policeman north of Cairo

2014-03-01 00:00:00

CAIRO, Feb 28 (AFP): Gunmen killed an Egyptian policeman on Friday as he rode his motorbike across a bridge on the Nile in the city of Mansoura, north of Cairo, police said. Attacks on the security forces have surged since...

Myanmar leader proposes interfaith marriage law

2014-03-01 00:00:00

YANGON, Feb 28, (AFP): Myanmar's president has asked parliament to consider an intermarriage law, spearheaded by an extremist monk, that is aimed at "protecting" Buddhists in the former junta-ruled nation. The move follows several waves of anti-Muslim violence that have...

Philippine Muslim peace deal to be inked \\\'end of March\\\'

2014-03-01 00:00:00

PUTRAJAYA, Feb 28 (AFP): The Philippine government and Muslim rebels will sign a peace deal to end one of Asia's longest and deadliest insurgencies "by the end of March", Malaysia's prime minister said Friday after meeting his Filipino counterpart. Prime...

North Yemen clashes between army, rebels kill 24

2014-03-01 00:00:00

SANAA, Feb 28, (AFP): At least 24 people were killed on Friday as Yemeni troops and allied Islamists engaged in heavy fighting with Shiite rebels in the north, tribal sources said. The fighting, in which soldiers aided by fighters from...

Fifteen dead in Thai school bus crash

2014-03-01 00:00:00

BANGKOK, Feb 28 (AFP): At least 15 people, including 13 children, were killed when a bus carrying students on a trip to the seaside collided with a lorry in eastern Thailand Friday, police said. The smash is the latest in...

Stocks edge down while turnover rises 36pc on DSE

Babul Barman | 2014-03-01 00:00:00

The stock market edged marginally lower last week that ended Thursday with significant improvement in turnover as the market lacked any clear direction. The week featured all five trading sessions and the market lost three trading sessions while two sessions...

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2014-03-01 00:00:00

weekly foreign exchange market review

2014-03-01 00:00:00

Taka slightly appreciates against dollar Feb 23 - Feb 27, 2014 Commercial Bank of Ceylon PLC The local currency appreciated a little bit against the green back last week. It was traded at 77.73 levels on the last day of...

Indian shares post biggest weekly gain since end-Nov 2013

2014-03-01 00:00:00

MUMBAI, Feb 28 (Reuters): Indian shares rose for a fifth consecutive session on Friday to post their strongest weekly gain in three months after blue-chips surged, including Tata Motors which rallied to a record high, on heavy buying by foreign...

BD to sign final deal March 7

2014-03-01 00:00:00

FE Report Bangladesh will sign the final deal with a consortium of 18 countries on March 7 for being connected with the 2nd undersea submarine cable by 2016. Chairman of Bangladesh Submarine Cable Company Ltd (BSCCL) Abu Bakar Siddique and...

Move underway to issue \\\'halal\\\' certificates to firms

Md Shah Jahan | 2014-03-01 00:00:00

The government has taken an initiative to provide 'halal' certificates to the business entities those want to enter the US$2.3 trillion global halal market. The Bangladesh Accreditation Board (BAB) under the Ministry of Industries (MoI) is preparing the procedures for...

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2014-03-01 00:00:00

Upturn in summer vegetables prices

2014-03-01 00:00:00

FE Report Prices of a few summer vegetables were high on Friday while rice witnessed a slight fall. Traders said while chicken meat, garlic prices reduced, ginger prices increased significantly. Overall, they said, other commodity prices remained static on the...

19 jute-spinning mills shut in 8 months

Arafat Ara | 2014-03-01 00:00:00

The country's jute millers and spinners are passing a hard time following lower demand and prices of their products in overseas market as well as currency devaluation in India. At least 19 jute mills and spinning mills were shut during...

Frozen fish exports to Russia set to resume this month

Ismail Hossain | 2014-03-01 00:00:00

Frozen fish export to Russia, suspended for allegedly not maintaining quality up to the market, would resume soon. The government has initiated moves to clear the way for resumption of shrimp and other frozen fishes exports to Russia, Fisheries and...

Sony to sell its Tokyo \\\'birthplace\\\'

2014-03-01 00:00:00

TOKYO, Feb 28: Sony will sell properties at a prestigious Tokyo site where it had its headquarters for six decades, as the once-world beating firm struggles to improve its bottom line, reports said Friday. The company is looking for a...

Yellen says Fed has no authority on bitcoin issues

2014-03-01 00:00:00

WASHINGTON, Feb 28 : The Federal Reserve has no authority to regulate or otherwise deal with the crypto-currency bitcoin, Fed Chair Janet Yellen said Thursday. Yellen said in a Senate hearing that the banks under its regulatory purview were not...

German court throws out lawsuits against Apple

2014-03-01 00:00:00

BERLIN, Feb 28: A German court threw out on Friday two copyright violation lawsuits against US tech giant Apple by German firm IPCom. "Both suits were rejected. IPCom can now appeal against the verdict," a spokesman for the court in...

German retail sales surprisingly strong

2014-03-01 00:00:00

FRANKFURT, Feb 28 (AFP): German retailers reported a surprisingly strong increase in business at the start of the year, official data showed on Friday. Retail sales, a closely watched measure of household confidence, increased by 2.5 per cent in January...

Italian unemployment rate hits record 12.9 pc

2014-03-01 00:00:00

ROME, Feb 28 (AFP): Italy's unemployment rate reached a record 12.9 per cent last month and youth joblessness also hit the highest-ever level at 42.4 per cent of 15-24-year-olds not in school or university, official data showed on Friday. The...

Spanish inflation drops to zero in February

2014-03-01 00:00:00

MADRID, Feb 28 (AFP): Spain's inflation rate dropped to zero in February, an official estimate showed Friday, as fears of a damaging deflationary spiral haunted sluggish eurozone economies. Consumer prices were unchanged in February after edging up by just 0.3...

Drought forces water rationing on millions of Malaysians

2014-03-01 00:00:00

KUALA LUMPUR, Feb 28 (AFP): Malaysia said Friday it will expand water rationing in and around its capital, in a move affecting millions as drought continues to scorch a tropical country usually synonymous with torrential rain. The national water commission...