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Amendment to Courier Services Act-2010 sought

2011-10-25 00:00:00

FE Report Leaders of Domestic and International Courier Services Association Monday urged the government to amend 'Courier Services Act-2010 and Law-2011' immediately for carrying on their services smoothly. They said the sector has been turned into an industry in the...

Navy chief back home

2011-10-25 00:00:00

Chief of Naval Staff Vice Admiral ZU Ahmed returned home Monday after attending the 20th symposium held at Newport Naval War College, USA, reports BSS. The symposium titled 'International Sea Power' was arranged under the supervision of US Navy aimed...

Aziz Khan, new Chairman of BSF

2011-10-25 00:00:00

Muhammed Aziz Khan, chairman of Summit Group, has been nominated unanimously as the chairman of National Committee of Bangladesh Scouts Foundation (BSF) in a meeting of the National Executive Committee recently, said a press release.

ASAUB Faculty of Law's debate competition held

2011-10-25 00:00:00

FE Report Faculty of Law of ASA University Bangladesh (ASAUB) has recently organised a debate competition titled 'Lack of awareness is the main cause of road accident'. ASAUB Vice-chancellor attended the programme as the chief guest with its Faculty of...

Corporate governance in Bangladesh: A close view

2011-10-25 00:00:00

Dewan Muktadir-Al-Mukit Today wealth of the firms is no longer of the property of general shareholders but of management and firm itself. Due to the lack of long-term relationship of shareholders with firms, management and corporate insiders have become sole...

Addressing the challenges to MFIs for ensuring their success in the days ahead

2011-10-25 00:00:00

NA Venkata and Graham AN Wright concluding their two-part article MicroSave has been involved in reviewing individual lending (IL) products and processes across many countries for over a decade. This experience has shown that there is usually significant scope for...

S. Asia's sustainable growth

2011-10-25 00:00:00

The title, "Global recovery, new risks and sustainable growth: Responding South Asia" of the two-day fourth South Asia Economic Summit (SAES) hosted by one of the country's leading leading think tanks Centre for Policy Dialogue (CPD) is self-explanatory. Divided in...

China's chiming challenges

2011-10-25 00:00:00

Abdul Bayes While comparing growth and development between India and China, massive investments in education and health of the population are assumed to hold the key to China's edge over India. Good health and good education boosted China's growth, a...

Crisis exposes Europe's cracks

2011-10-25 00:00:00

Richard Carter of AFP from Brussels The eurozone debt crisis, the worst economic disaster in Europe's history, threatens to drive a rift between non-euro and euro nations, with Britain warning that outsiders could find themselves sidelined. As the 17 countries...

New recession and garments sector

2011-10-25 00:00:00

Morshed Ali Khan It is high time for Bangladesh to diversify its export market for garments products by progressively giving up its reliance mainly on some western countries. Some successes on this score have been witnessed recently. But much remains...

What next in Libya?

2011-10-25 00:00:00

The former President and strongman of Libya for long 41 years, Moammar Gaddafi, finally met his nemesis on October 20 as he was captured and killed by his opponents in the outskirts of his home town of Sirte. Gaddafi's captors...

Post Gaddafi Libya

2011-10-25 00:00:00

The death of Libya's dictator satisfies the understandable desires of not only Libyans for revenge. Even our Prime Minister expressed her happiness some time earlier for the ousted dictator who gave shelter to those fugitives who had assassinated her father...

India's 'suspicious' brinkmanship

2011-10-25 00:00:00

Tauhid Alam Recent smokescreen and anathema around the proposed treaties with India aroused considerable interest, climax and anti-climax that supposedly led to an ostensible discontent among the people of both the countries. This could perhaps have been avoided if the...

Community mobilisation for holistic development

2011-10-25 00:00:00

Shah Muntamin Mujtaba and M Mizanur Rahman After the independence of Bangladesh, there was a huge flow of foreign aid for reconstructing the country. Since then, both the government and non-government sectors had largely been dependent on it. But availability...

Cristina Kirchner, the widow who won over Argentina

2011-10-25 00:00:00

Argentina's President Cristina Kirchner, who swept to a second four-year term Sunday, has built up an image as a black-clad widow, both fragile and authoritarian, seductive and abrupt. The 58-year-old lawyer, known for her heavy make-up and long auburn hair,...

Is the economy doing too bad?

2011-10-25 00:00:00

Mamun Rashid A young journalist, who passed out from English department of a university college, recently converted into a full-fledged university, and working for a English daily as a reporter for last 4 months, came 30 minutes before the start...

RMG sector suffering huge losses due to non-repatriation of export proceeds

2011-10-25 00:00:00

Pankaj Dastider CHITTAGONG, Oct 21: Country's readymade garment (RMG) sector suffers huge financial loss due to non-repatriation of the export proceeds by a section of dishonest importers abroad. The accumulated amount stands around US$ 1.0 billion in the last 10...

Islamists claim lead in Tunisia vote

2011-10-25 00:00:00

TUNIS, Oct 24 (AFP): Tunisia's main Islamist party claimed Monday to have captured about 40 per cent of the vote in the country's first free polls, as the cradle of the Arab Spring basked in praise for its democratic revolution....

EU's mandatory testing of Bangladesh fishery products to go by year-end

2011-10-25 00:00:00

Monira Munni Export of fishery products from Bangladesh to the EU will increase as the reinforced controls over the same at EU borders will be lifted by the year end, officials and exporters said. The removal of the above mentioned...

Govt moves to slap duty on refined sugar import

2011-10-25 00:00:00

Syful Islam The government is going to slap duty on refined sugar import in a bid to 'save' the local refineries, officials said Monday. Commerce Secretary M Ghulam Hossain Sunday sent a demo officio letter to Chairman of National Board...

Dhaka stocks go back to red again

2011-10-25 00:00:00

FE Report Dhaka stocks witnessed sharp fall again Monday after two sessions' gain with lower turnover, as the latest move of private commercial banks apparently failed to revive investors' confidence and bring back stability in the market. Market insiders said...

Call to scrap provision of holding twin directorship at ins cos, FIs

2011-10-25 00:00:00

FE Report The country 's insurers Monday urged the insurance regulatory body to take initiative to scrap the provision of holding simultaneous directorship at insurance companies or financial institutions. Earlier, the Insurance Development and Regulatory Authority (IDRA) suspended such simultaneous...

BASIC Bank opens 37th branch in Chandpur

2011-10-25 00:00:00

BASIC Bank Limited has opened its 37th branch in Chandpur recently. Sheikh Abdul Hye Bacchu, chairman and former MP inaugurated the new branch of the bank. The inaugural ceremony was attended, directors of the bank Jahangir Akhand Salim, Fakhrul Islam,...

Raw hide prices drop before Eid-ul-Azha

2011-10-25 00:00:00

Yasir Wardad Prices of raw hide have declined by almost 14 per cent in the past two weeks, raising fears that seasonal merchants may smuggle out the export item to India for gaining windfalls. The drop-off comes just ahead of...

Olam offers wheat at $283.07 per tonne in Bangladesh tender

2011-10-25 00:00:00

Singapore-based Olam International made the lowest offer at $283.07 a tonne, including CIF liner out, in a Bangladesh tender that opened on Monday to buy 50,000 tonnes of wheat, a food official said, report Reuters. Five bidders took part in...

Private jute, twine mills workers demand wages like govt mills

2011-10-25 00:00:00

Leaders of Bangladesh Private Jute and Twine Mills CBA Sangram Parishad Monday demanded wages similar to government jute mills and payment before Eid-ul-Azha for the workers, reports UNB. They also demanded reopening of closed mills and introduction of equal salary...

Steel, re-rolling millers for govt steps to cut MS-rod production cost

2011-10-25 00:00:00

FE Report The country's steel and re-rolling millers have urged the government to take necessary steps for reducing the production cost of MS-rod to stabilise the price of the basic construction material during the peak season. The request came from...

India to grow faster than China with 9pc economic expansion in 2013

2011-10-25 00:00:00

NEW DELHI, Oct 24 (Economic Times): : Bolstered by industrialisation, India is projected to grow at a faster clip than neighbouring China with a 9 per cent economic expansion in 2013, says a report by global consultancy firm Ernst &...

US moves to help more homeowners refinance loans

2011-10-25 00:00:00

WASHINGTON, Oct 24 (AFP): The United States announced new steps Monday to aid more so-called "underwater" homeowners refinance their mortgages, to help them hold onto their homes and slow the erosion of housing prices. The Federal Housing Finance Agency (FHFA),...

India hints at fresh rate hike

2011-10-25 00:00:00

MUMBAI, Oct 24 (AFP): India's central bank hinted Monday of another interest rate increase at a policy meeting this week, saying that inflation was "sticky", even as risks to growth had increased. The Reserve Bank of India (RBI) has increased...