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sports digest

2014-02-13 00:00:00

Imran Khan criticises cricket chief’s appointment ISLAMABAD, Feb 12: Former Pakistan captain turned politician Imran Khan Tuesday lashed out at the country's newly reappointed cricket chief, alleging he was being rewarded for helping the ruling party commit fraud in last...

Stocks close flat on DSE

FE Report | 2014-02-13 00:00:00

The market ended flat Wednesday, after seeing correction in the last three sessions with turnover improved slightly as investors took position on some large cap stocks. The market opened with a positive note and the index was 49 points up...

Rate of inflation likely to fall from February onwards: MCCI

FE Report | 2014-02-13 00:00:00

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) said the rate of inflation is expected to fall from February onwards as the supply situation will very likely see improvements in tandem with the political environment. "It is assumed that...

Rights offers of GSP Finance, Dacca Dyeing refused

FE Report | 2014-02-13 00:00:00

The securities regulator has regretted its inability to consider the rights offers of GSP Finance Company and Dacca Dyeing and Manufacturing Company as they have failed to comply with the securities rules, officials said. The officials of the Bangladesh Securities...

News Brief

2014-02-13 00:00:00

Prime Unit Fund declares 10pc dividend The Trustee of Prime Financial First Unit Fund, the first private sector open-end fund, declared 10 per cent cash dividend for the year ended 31 December 2013 in the trustee meeting held Wednesday. The...

Photo: Dutch-Bangla Bank (DBBL) and NEC

2014-02-13 00:00:00

Photo: Dhaka Bank Limited

2014-02-13 00:00:00

\\\'BD to get back GSP if there\\\'s no politics\\\'

2014-02-13 00:00:00

Commerce Minister Tofail Ahmed on Wednesday said Bangladesh would get back duty-free trade benefits in the US market under the GSP scheme if politics does not enter the revival process, reports UNB. "If the decision isn't taken on political grounds...

BSE Sensex gains for second day

2014-02-13 00:00:00

MUMBAI, Feb 12 (Reuters): The BSE Sensex rose for a second consecutive day on Wednesday as blue chips rallied in line with higher global stocks, while Reliance Industries recovered from steep falls in the previous session that were seen as...

bKash donates books worth Tk 3.0m to BSK

FE Report | 2014-02-13 00:00:00

bKash Limited, country's leading mobile financial service provider, Wednesday donated 34,000 books worth Tk 3.0 million to the Bishwa Sahitya Kendra (BSK) at a programme in the city. The donation was made to facilitate BSK's "Nation-wide Enrichment Programme", a book...

Photo: Bank Asia

2014-02-13 00:00:00

IPO DIARY

2014-02-13 00:00:00

Potato prices slump: The way out

Syed Jamaluddin | 2014-02-13 00:00:00

Potatoes are selling for about Tk 2.0 per kg (kilogram) at the level of the growers. In the capital, the same potatoes are being sold at Tk 10/15 per kg. Producers are upset as they are not in a position...

Tug of war between EU and Russia over Ukraine

Mohammad Amjad Hossain from Virginia, USA | 2014-02-13 00:00:00

The tug of war between the European Union and the Russian Federation over Ukraine, which broke away from the Soviet Union in August, 1991, has turned into massive protest demonstration against President Victor Yanukovych. In order to mount pressure for...

Cutting interest rate to reduce interest spread: Is it reasonable?

Md Jamal Hossain | 2014-02-13 00:00:00

The Dhaka Chamber of Commerce & Industry (DCCI) in a statement issued on January 28, 2014 said: "Bangladesh Bank should take effective steps in achieving target of private sector credit growth through reducing the spread of interest rate of the...

DITF is yet to find its feet

2014-02-13 00:00:00

What goes in the name of Dhaka International Trade Fair (DITF) has so far largely remained a misnomer. Although local manufacturing companies and industries have an opportunity to showcase their products, except a handful, the rest target local consumers for...

Rural land market

Abdul Bayes | 2014-02-13 00:00:00

Rural land market has assumed an important area of investigation. The general assumption is that the poor segment of society continues to sell land to the rich in the wake of financial crisis especially to meet food requirements or pay...

Motorised rickshaws: New threat to road safety

Ridwan Quaium | 2014-02-13 00:00:00

To worsen the already bleak road safety condition in the capital, a new threat has arrived recently in the form of the 'unstoppable' motorised rickshaws, also known as battery-driven rickshaws. Pulling a manual rickshaw is undoubtedly a tiring job. Motorised...

Reducing service charge in mobile banking

2014-02-13 00:00:00

A study on mobile financial service (MFS), popularly called mobile banking, reveals that almost 48 per cent users live in urban areas while nearly 32 per cent reside in rural areas. And less than 20 per cent users are females....

Unsecured loan: A threat to banks

2014-02-13 00:00:00

Commercial banks play the important role of mobilising financial resources from surplus units to deficit units which is crucial for the economic development of a country. Interest on disbursed credit is the main profit driver of commercial banks. Maximisation of...

Airshow -- unassuming aircraft a drawcard at Asia\\\'s arms bazaar

Raju Gopalakrishnan of Reuters in Singapore | 2014-02-13 00:00:00

The star attraction at Asia's biggest arms and aerospace bazaar is an outwardly unassuming aircraft parked in a distant corner of the tarmac, past the sleek jet fighters and menacing attack helicopters. An operational P-8A Poseidon surveillance aircraft is on...

Taiwan voters have final say on China ties: Experts

Carol Huang of AFP in Beijing | 2014-02-13 00:00:00

The first government-to-government meeting between Beijing and Taipei since the brutal civil war ended in 1949 highlights China's dream of reunification -- but analysts say Taiwanese voters will ultimately set the agenda, rather than the mighty Communist Party. Tuesday's historic...

Spl security for minority during UZ polls: CEC

2014-02-13 00:00:00

Chief Election Commissioner (CEC) Kazi Rakibuddin Ahmad Wednesday asked the law enforcers to ensure special security measures for the minority community during the staggered countrywide upazila elections, starting February 19, reports UNB. He, however, said the law enforcing agencies have...

BNP says govt indulged in post-sharing conspiracy

2014-02-13 00:00:00

BNP Wednesday alleged that the ruling collation is conspiring to share posts in the upazila polls among themselves in a bid to keep the BNP-backed contestants out of the race as they did in the national election, reports UNB. "The...

AL to stay in power for 5 yrs: Ashraf

2014-02-13 00:00:00

Ruling out the demand of some political parties, including BNP, for immediate holding of the next polls, Awami League (AL) General Secretary Syed Ashraful Islam Wednesday categorically said the present government will stay in power until January 28 of 2019,...

Govt urged to involve all stakeholders

DU Correspondent | 2014-02-13 00:00:00

Dhaka University (DU) Vice Chancellor (VC) Prof AAMS Arefin Siddique Wednesday urged the government to involve all the stakeholders in the process of framing national budget to make it more accurate. He said the national budget is the baseline of...

Noted writer Sayeeda Zaman no more

FE Report | 2014-02-13 00:00:00

Mrs Sayeeda Zaman, a noted writer, breathed her last at Square Hospital in the city Tuesday night (February 11, 2014). She was suffering from brain cancer. Author of 20 books on poems, novels and research works, she got many literary...

‘Ex-mayor’s wife plotting to evict FF’s family’

Our Correspondent | 2014-02-13 00:00:00

CHITTAGONG, Feb 12: A housewife in the port city's KC Dey Road area alleged that Hasina Mohiuddin, wife of city Awami League leader and ex-mayor ABM Mohiuddin Chowdhury, has plotted to evict her from her city home with the help...

Habibullah Bahar remembered at Bangla Academy

FE Report | 2014-02-13 00:00:00

Speakers at a discussion meeting marking the Amar Ekushey programme at the Bangla Academy lauded late Habibullah Bahar Chowdhury, the litterateur, journalist, sportsman and politician, for his works. They paid glowing tributes to Bahar, a close associate of poet Kazi...

Laos PM greets Sheikh Hasina

2014-02-13 00:00:00

Laos Prime Minister (PM) Thongsing Thammavong Wednesday congratulated Sheikh Hasina on her re-election as the PM of Bangladesh for the third term, reports UNB. In a message to Hasina, Thammavong looked forward to further strengthening and enhancing the existing friendly...