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Turning upazilas into booming growth centres

Rahman Jahangir | 2014-01-30 00:00:00

Upazilas (sub-districts) have great potentials to become growth centres. The upazila system, which  was introduced in 1982 but scrapped in 1991, was revived in 1998. As an upazila lies near a cluster of villages, it serves as a busy market...

Curbing domestic violence

Md. Maskurul Alam | 2014-01-30 00:00:00

A government survey was recently conducted on women which reveals that nearly nine out of ten husbands abuse severely their wives in Bangladesh. The survey was conducted on more than 12,600 girls across the country. It is matter of regret...

Monetary policy and increase of price level

2014-01-30 00:00:00

Bangladesh Bank announced on January 27 a monetary policy for the second half of the political-crisis-hit financial year 2013-14. It has targeted GDP (gross domestic product) growth of six per cent and inflation of seven per cent. That means the...

Security of public money should be ensured

2014-01-30 00:00:00

We were stunned at the recent Sonali Bank heist. The detention of the mastermind and his associate of this burglary have relieved our tension. We cannot but thank the members of Rapid Action Battalion (RAB) for nabbing the culprits and...

Popularity of local products at the trade fair

2014-01-30 00:00:00

A few days ago, I visited the International Trade Fair with my family. The fair was teeming with the enthusiastic visitors as it was Friday. When I stepped in the fair, I was surprised to see a huge number of...

Correction

2014-01-30 00:00:00

Last but one sentence of the editorial titled 'Investment-friendly monetary policy' published in The Financial Express on Wednesday should read: "Meanwhile, the central bank, on its own, will now have to be particularly cautious, more in deeds than in words,...

Paddy price dilemma: An alternative view

Md Jamal Hossain | 2014-01-30 00:00:00

The Financial Express on January 24 carried an editorial titled 'Rising cost of paddy production' which dealt with the problem of low prices of paddy. The editorial argued that rising cost of production, along with low selling price, is a...

Bangladesh helpless as Lanka take massive lead

2014-01-30 00:00:00

Mahela Jayawardene become Test cricket's sixth-highest run-getter with a glorious unbeaten double-century as Sri Lanka compounded Bangladesh's misery in the first Test in the city Wednesday, reports AFP. The veteran right-hander made 203 not out, his seventh double-century in 33...

Tigers\\\' Test future safe, for now

2014-01-30 00:00:00

Bangladesh's Test future is secure for now as the ICC has shelved plans for a two-tier Test system to give England, India and Australia more control of cricket, reports bdnews24.com. Bangladesh and several other countries staunchly opposed the proposals with...

Australia down England by 13 runs in T20

2014-01-30 00:00:00

HOBART, Jan 29 (AFP): England lost the opening Twenty20 international in Hobart Wednesday after narrowly failing to chase down Australia's massive 214-run target. The Australians were always in the box seats, with the tourists on 176 for nine with an...

Premier Hockey Abahani take solo lead

2014-01-30 00:00:00

Abahani Limited took a solo lead in the Green Delta Insurance Premier Division Hockey League with an all-win record beating Sonali Bank SRC by 2-1 goals at the Maulana Bhasani National Stadium in the city Wednesday, reports UNB. The popular...

ICC unveils new women\\\'s championship

2014-01-30 00:00:00

LONDON, Jan 29 (AFP): A new international championship, which will determine qualification for the next Women's World Cup, was announced by the International Cricket Council Wednesday. The bilateral competition will involve the top eight ranked women's teams in the world-including...

No plans for Nadal to rest after back injury

2014-01-30 00:00:00

MADRID, Jan 29 (AFP): World number one Rafael Nadal doesn't intend to make any changes to his schedule, despite being hampered by a back injury in losing the Australian Open final to Stanislas Wawrinka last weekend. The 13-time Grand Slam...

Govt move to lift ban on Hilsa export protested

FE Report | 2014-01-30 00:00:00

Consumers, experts and politicians protested Wednesday the government move to lift the ban on export of Hilsa. The government is considering withdrawal of the embargo which was imposed on July 31, 2012 to make the item affordable for the fixed...

Atiur highlights BB\\\'s efforts to foster sustainable dev

2014-01-30 00:00:00

A high level seminar on 'Sustainable Development: Bangladesh Perspective' was held at the Jahangir Alam Conference Hall of Bangladesh Bank on Wednesday. Eminent economist, development thinker and practitioner Dr. Qazi Kholiquzzaman Ahmed was the keynote speaker. The seminar was graced...

Photo: BB Governor Dr. Atiur Rahman

2014-01-30 00:00:00

Indian industrialists seek to tap into B\\\'desh manufacturing sector: Amu

FE Report | 2014-01-30 00:00:00

Industries minister Amir Hossain Amu Wednesday said major Indian industrialists are interested to invest in the manufacturing sector of Bangladesh to bolster business relations between the two countries.  "Major Indian industrialists want to invest in Bangladesh specially in various import...

News Briefs

2014-01-30 00:00:00

Sonali Bank greets law enforcers In a statement, the authority of Sonali Bank Limited on Tuesday expressed the satisfaction and greeted the RAB and police personnel for taking quick steps to recover the money looted from the bank's Kishoreganj branch...

Photo: INDIA : Welfare Society members distribute free food to passers-by

2014-01-30 00:00:00

Correction

2014-01-30 00:00:00

In a photo caption on page 17 of the January 29, 2014 issue of The Financial Express, the amount of money donated by the IDCOL to the CRP was printed as Tk 0.1 million, which will be Tk 1.0 million....

UN reports boost in global FDI

2014-01-30 00:00:00

UNITED NATIONS, Jan 29 (Xinhua): Global foreign direct investment (FDI) rose to levels not seen since the start of the global economic crisis in 2008, increasing by 11 per cent in 2013 to an estimated US$1.46 trillion, with the lion's...

Novartis reports 1.0pc fall in 2013 profit

2014-01-30 00:00:00

ZURICH, Jan 29 (AFP): Swiss pharmaceuticals giant Novartis on Wednesday announced that its net profit fell 1.0 per cent in 2013 to $9.2 billion (6.8 billion euros), blaming the impact of unfavourable exchange rates. Without taking into account rate fluctuations...

EU FinMins update economic outlook

2014-01-30 00:00:00

BRUSSELS, Jan 29 (Xinhua): European Union (EU) finance ministers on Tuesday preceded the procedure of a banking union and updated Europe's economic outlook as strengthening recovery. Greek Finance Minister Ioannis Stournaras, whose country chairs the rotating EU presidency, told a...

Thai production output falls in 2013

2014-01-30 00:00:00

BANGKOK, Jan 29 (Xinhua): Thailand witnessed a decrease of 3. 18 per cent in production output index in 2013, with production capacity utilisation rate lowered according to the Office of Industrial Economics Wednesday. In 2013, the country's capacity utilisation rate...

Philippine inflation to remain benign

2014-01-30 00:00:00

MANILA, Jan 29 (Xinhua): Philippine inflation is not expected to increase significantly despite the depreciation of the peso, which could make imported products such as fuel more expensive, the local central bank said Wednesday. Philippine central bank officials said the...

Clarification

2014-01-30 00:00:00

In a front page news item under the headline 'The NBR instructs private port users pay 10 pc tax at source' published on January 24, 2013 of the FE, it has been mentioned that port users would pay the 10...

Photo: ICMAB Convocation-2013

2014-01-30 00:00:00

Photo: Bangladesh Small and Cottage Industries Corporation

2014-01-30 00:00:00

exchange rate

2014-01-30 00:00:00

ICAB \\\'reprimands\\\' 20 CAs

Mohammad Ali | 2014-01-30 00:00:00

The Institute of Chartered Accountants of Bangladesh (ICAB) has reinforced disciplinary actions against its members-cum-Chartered Accountants (CAs) for any kind of professional misconduct, with an aim to ensure transparency in the profession, its officials said. As part of the measure,...