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Opportune moment for ACC to act

Syed Mahbubur Rashid | 2014-02-23 00:00:00

The Anti-Corruption Commission (ACC) has replaced the age-old Bureau of Anti-Corruption by a law passed by parliament in 2004. The Commission started functioning in 2005. It was envisaged to be an independent body whose sole aim was to launch a...

Shakib shocks an admiring nation

2014-02-23 00:00:00

We are really shocked at the indecent behaviour of our ace national cricketer Shakib Al Hasan. He made 'an inappropriate gesture' which was telecast live on television during the second ODI between Bangladesh and Sri Lanka. Although he asked for...

\\\'Gunday\\\' distorts Bangladesh history

2014-02-23 00:00:00

The people across Bangladesh are greatly disturbed and furious to the newly-released movie 'Gunday' (the goons), directed by young Indian director Ali Abbas Zafar. The film has misrepresented the history of the birth of Bangladesh. According to the film, the...

Let peace prevail during upazila polls

2014-02-23 00:00:00

The first phase of upazila polls ended amid much enthusiasm and without any major untoward incident. The ruling party claimed that the first phase of the upazila parishad polls was free, fair and largely peaceful. The opposition parties, on the...

VAT on superstore sales: Why it doesn\\\'t make sense

2014-02-23 00:00:00

The National Board of Revenue (NBR) has recently reduced VAT on superstore sales from 4.0 per cent to 2.0 per cent. But the businessmen are not satisfied and they demand package VAT arrangement on superstores. While the general perception is...

Telangana bill yet another blow to Congress

Mohammad Amjad Hossain from Virginia, USA | 2014-02-23 00:00:00

In a dramatic way, the Telangana bill bifurcating Andhra Pradesh, was passed on February 18 by the Congress-led United Front government in collaboration with the Bharatiya Janata Party (BJP) in the Lok Sabha. The bill was passed despite protests by...

Herbal medicine manufacturing on the rise

Badrul Ahsan | 2014-02-23 00:00:00

Local drug manufacturers including the top market players are increasingly making foray to produce herbal medicines together with their traditional ones considering their growing demand in the local and international markets, industry insiders said. They observed that scope to exploit...

DP World interested to invest in deep sea port

Rezaul Karim | 2014-02-23 00:00:00

The United Arab Emirates (UAE) has expressed its interest to invest in Bangladesh's infrastructure sector, especially in the port development. The UEA has appraised the government of its proposal for building a deep sea port in the country, an official...

Govt to cancel some LPG companies\\\' licences

Shah Alam Nur | 2014-02-23 00:00:00

The government is going to cancel licences of a number of companies engaged in liquefied petroleum gas (LPG) business for their failure to install bottling plants within the stipulated timeframe. The new licence holders of LPG bottling plants could not...

Apparel exporters hopeful of roping in new buyers after US show

2014-02-23 00:00:00

LAS VEGAS (USA), Feb 22 (BSS): Bangladeshi entrepreneurs are expecting a good business transition with new apparel buyers especially from the US and Canada as the three-day MAGIC Apparel Trade Show ended on Thursday in the tourist city of Las...

OECD warns of new era of low growth

2014-02-23 00:00:00

SYDNEY, Feb 22 (AFP): The OECD on Friday warned declining global productivity will usher in a new and extended era of low growth unless there are major structural reforms. Its new "Going for Growth" report identifies infrastructure shortages and slowing...

News Briefs

2014-02-23 00:00:00

US-led Pacific trade pact under discussion in Singapore SINGAPORE, Feb 22 : Asia Pacific trade ministers began a fresh round of talks in Singapore Saturday for a huge US-led Pacific free trade area, hoping to conclude a deal this year...

Photo: Finance Minister AMA Muhith

2014-02-23 00:00:00

Photo: WW Grains Corporation

2014-02-23 00:00:00

Monsanto\\\'s Indian affiliate to win IP right of Bt Brinjal

Yasir Wardad | 2014-02-23 00:00:00

Agreement among Bangladesh Agricultural Research Institute (BARI), Mahyco and Sathguru on Bt Brinjal research revealed that ownership of the genetically engineered brinjal variety will go to Monsanto's Indian subsidiary Mahyco, an official of the ministry of agriculture (MoA) said. Although...

Skill test for job-seekers in Korea begins

FE Report | 2014-02-23 00:00:00

The 5-day skill test for South Korea- bound Bangladeshis started in the city on Friday with some 571 job seekers taking part in the programme. HRD Korea Bangladesh Employment Permit System (EPS) Centre has organised the skill test programme that...

New nuclear waste treatment plant in Russia

2014-02-23 00:00:00

Novovoronezh Nuclear Power Plant in Russia has completed construction of a modern nuclear waste treatment plant. At the new plant nuclear waste will be burnt in a special plasma furnace at a temperature of nearly 2,000 degree Celsius. This method...

Honda, lagging rivals, considers opening board to foreigners

2014-02-23 00:00:00

TOKYO, Feb 22 (Reuters): Honda Motor Co is considering diversifying its all-Japanese, all-male board by appointing a foreigner and could move as early as Monday, when it unveils its next slate of directors, sources close to the company said. "I...

Moody\\\'s upgrades Spain\\\'s credit rating one notch

2014-02-23 00:00:00

WASHINGTON, Feb 22 (AFP) : Moody's raised Spain's sovereign credit rating by one notch Friday, citing progress in reforms to put the economy on a more sustainable track. Moody's Investors Service upgraded the rating to Baa2 from Baa3, and gave...

UNICEF launches record $ 2.2b aid appeal to help children in emergencies

2014-02-23 00:00:00

UNITED NATIONS, Feb 22 (Xinhua): The United Nations Children 's Fund (UNICEF) Friday launched an appeal for 2.2 billion US dollars to help nearly 60 million children in the world's crisis situations, the majority of whom are in and around...

Harsh weather, tight supply sink US home sales

2014-02-23 00:00:00

WASHINGTON, Feb 22 (Reuters): Severe cold weather and a shortage of houses on the market pushed US home resales to an 18-month low in January, the latest indication economic activity has hit a soft patch. The National Association of Realtors...

Ukraine risks bankruptcy without rapid financial aid

2014-02-23 00:00:00

MOSCOW, Feb 22 (AFP): Ukrainians are rushing to withdraw cash and the markets are panicking as concerns mount over the effects of the violence in Kiev on Ukraine's fragile economy. Tensions in the country have alarmed investors for months and...

US Fed chief Yellen asked for ID at G20

2014-02-23 00:00:00

SYDNEY, Feb 22 (AFP) : She might be one of the most powerful women in the world but that didn't wash with security at the G20 in Sydney who reportedly asked Janet Yellen to show her ID. The head of...

Photo: Shipping Minister Shahjahan Khan

2014-02-23 00:00:00

Photo: First Security Islami Bank Limited (FSIBL)

2014-02-23 00:00:00

Photo: Janata Bank

2014-02-23 00:00:00

Photo: Financial Excellence Limited (FinExcel)

2014-02-23 00:00:00

G20 support builds to adopt ambitious target for global growth

2014-02-23 00:00:00

SYDNEY. Feb 22 (Reuters): The world's top economies may agree to set an ambitious target for faster global growth at a weekend meeting in Sydney, where major central banks are also being urged to coordinate policies to avoid "surprises" that...

French revolution inspires rising Italian shoe brand

2014-02-23 00:00:00

MILAN, Feb 22 (AFP): Italian luxury shoemaker Alberto Moretti unveiled his new collection in Milan on Saturday, with ruched collar designs, brassiere gold chains and macaroon patterns in a "rock" take on the style of France's last queen, Marie Antoinette....

Deutsche Bank gets green light to sell BHF Bank

2014-02-23 00:00:00

FRANKFURT, Feb 22 (AFP): The way is clear for Deutsche Bank to sell its BHF-Bank unit to Kleinwort Benson Group after the German financial watchdog said o Friday it had no objections to the deal. "We have examined the case...