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Food price inflation

2011-04-01 00:00:00

The issues of food price inflation and increases in the cost of living, and their adverse impact have certainly been reported in detail in the news media. But barring some exceptions, there has been a shortage of independent critical analysis...

Threat to land's productivity

2011-04-01 00:00:00

Large quantities of date expired insecticides are at times found to be sold in the country's rural markets. Insecticides are generally disapproved in many countries considering the health hazards. The same are still sold in Bangladesh but reservations exist about...

Disclosure of wealth statements and acting on them

2011-04-01 00:00:00

The government, according to the announcement by finance Minister A.M.A. Muhith as was earlier reportedly the media, is to send letters this week to ministers, state ministers and advisers to submit statements on their wealth. An initiative will also be...

Augmenting tax revenues, promoting transparency in public expenditure

2011-04-01 00:00:00

The findings of a study by Transparency International, Bangladesh (TIB) about the extent of tax evasion or defalcation of tax-related fund, serve as a useful indicator of the state of affairs about the tax administration in Bangladesh. These are not...

Gains from tourism

2011-04-01 00:00:00

Apart from the traditional countries that appeal to tourists, countries which have not been the favourites in the lists of tourists are seen these days as being visited in large number. This is because they possess considerable tourism potential but...

Foisting poetry

2011-04-01 00:00:00

Shaikh Saleque's article in your daily on March 29 is about bureaucrats foisting poetry on the public! Small wonder we call bureaucrats CSPs, because they can: "Charidikay Samlatey Parey!" The range has now been extended to poetry too! Do we...

Time to think outside the box

2011-04-01 00:00:00

The descendents of most of our decision-makers live outside the country and would not have to suffer from any fallout -- hidden or apparent. As for the innocent public, they haven't the foggiest notion that radioactive fallout -- something they...

Cricket fallout: Captains of Kangaroos, Proteas and Kiwis bow out

2011-04-01 00:00:00

The captain of the mighty Australian cricket team Ricky Ponting has stepped down following the failure of his side in the World Cup Cricket 2011. So have the long-time skippers of South Africa Graeme Smith and New Zealand's Daniel Vettori....

Arab uprisings and their impact on Bangladesh

2011-04-01 00:00:00

In this era of globalisation when all the countries are connected with a same thread, a slight change in one country leaves impact on others. Again, after the cold war, political economy took a new dimension which ultimately gave birth...

The model that contributed most to social capital

2011-04-01 00:00:00

Solidarity lending is a cornerstone of micro-credit. It starts with the process of building social capital. Each borrower must belong to a five-member group; the group is not required to give any guarantee for a loan to its members. Repayment...

The sight-seeing tendency

Mahmudur Rahman | 2011-04-01 00:00:00

Mahmudur RahmanFrom what we read and hear, diplomats, statesman and businessmen prefer to be on the golf-course when they have important world-shattering decisions and deals to be made. Bangladesh has a course of a different type-the riverine cruise to gladden...

Construction of Dhaka elevated expressway begins at April-end

FE Report | 2011-04-01 00:00:00

FE ReportConstruction of the first elevated expressway in the capital will start this month as a part of the government's stepped-up effort to ease crippling congestion in Dhaka, a minister said Thursday. Prime Minister Sheikh Hasina will inaugurate the construction...

Dhaka for duty-free access of 129 items to Jakarta

Nazmul Ahsan | 2011-04-01 00:00:00

Nazmul AhsanDhaka has sought duty-free market access of its 129 potential items to Jakarta, commerce ministry sources said. The proposal has recently been submitted to Indonesian government through Bangladesh mission in Jakarta as Bangladesh-Indonesia Joint Economic Commission (JEC) meeting, held...

Japan radiation causes price hikeof powdered milk!

2011-04-01 00:00:00

Commerce minister Faruk Khan has said the global price hike of powdered milk, triggered by Japan radiation, has hit the local market too, reports bdnews24.com "Despite a rise in powdered milk price, edible oil and sugar prices are coming down...

Dhaka stocks, turnover mark rise

2011-04-01 00:00:00

FE Report Dhaka stocks gained for the second consecutive session Thursday with all indices and turnover moved up substantially as investors' confidence was boosted by the news that the regulatory body is going to give approval to the Bangladesh Fund....

StanChart puts emphasis on greater role of structured financing products

FE Report | 2011-04-01 00:00:00

FE ReportStandard Chartered Bank recently organized a seminar on "Structured Financing & Solutions" in the city. The seminar was inaugurated by Dr. Syed A Samad, Executive Chairman of Board of Investment. The opening remarks were made by Mr. Jim McCabe,...

IDLC approves 65pc stock, 35pc cash dividends

2011-04-01 00:00:00

FE Report The 26th Annual General Meeting (AGM) of the shareholders of IDLC Finance Limited was held Thursday at the Bangabandhu International Conference Centre in the city. The shareholders approved stock dividend @ 65% and cash dividend 35% per share...

AB Bank signs deal with MoneyGram

FE Report | 2011-04-01 00:00:00

FE ReportAB Bank entered into an agency agreement Wednesday with MoneyGram, one of the leading money transfer companies from USA having branches all over the world. "It is expected that this arrangement will facilitate inflow of foreign remittance from the...

A Rouf Chy re-elected Bank Asia chairman

2011-04-01 00:00:00

A Rouf Chowdhury was re-elected Chairman of Bank Asia at a meeting of the Board of Directors held Wednesday. He is a sponsor director of the bank. Mr Chowdhury is an eminent businessman and industrialist of the country. He is...

Pubali Bank postpones AGM

2011-04-01 00:00:00

The authorities of Pubali Bank have stated that the 28th AGM of the bank scheduled to be held Thursday at 11:00am could not be held due to unruly behavior and vandalism created by some shareholders. Situation went beyond control in...

Tokyo Electric claims could top $130b on Japan

2011-04-01 00:00:00

TOKYO, Mar 31 (Reuters): Tokyo Electric Power Co (TEPCO) could face compensation claims topping $130 billion if Japan's worst nuclear crisis drags on, Bank of America-Merrill Lynch estimated, fuelling expectations Japan's government will step in to save Asia's largest utility....

Hyundai Motor to develop localised brand in China

2011-04-01 00:00:00

HONG KONG, Mar 31 (Agencies): Hyundai Motor Co is preparing to develop a new brand exclusively for Chinese consumers, the top official of its partner company in China said today, indicating South Korea's No 1 automaker will accept the Chinese...

Anglo Irish Bank posts record loss

2011-04-01 00:00:00

LONDON, Mar 31 (AFP): Bailed-out Anglo Irish Bank Thursday posted a record annual loss of 17.7 billion euros ($25 billion) for 2010, ahead of banking-sector stress test results due for publication later in the day. The loss, slightly higher than...

Honda, Mazda to resume parts, vehicle production

2011-04-01 00:00:00

TOKYO, Mar 31 (Reuters): Honda Motor Co said Thursday it will resume production of parts for overseas use on April 4 and production at all its car factories on April 11. Honda said production of parts and vehicles will resume...

Citibank India set to seal Rs 10.0b deal in Mumbai

2011-04-01 00:00:00

MUMBAI, Mar 31 (Agencies): The city may soon record the largest transaction for commercial space with Citibank India close to paying approximately Rs 10.0 billion for space in an under-construction building at Bandra-Kurla Complex. The deal, expected to be concluded...

US firms report solid jobs growth

2011-04-01 00:00:00

WASHINGTON, Mar 31 (AFP): US companies added 201,000 jobs to their payrolls in March, according to data released Wednesday, less than expected but nonetheless a solid bump for employment growth, analysts said. Payrolls firm ADP reported private companies added 3.4...

China report claims Google-linked cos broke tax rules

2011-04-01 00:00:00

BEIJING, Mar 31 (Reuters): Chinese authorities have found three companies linked to Google broke tax rules and are continuing to probe for possible tax avoidance, a state-run Chinese newspaper said Thursday, raising the possibility of a new bout of pressure...

Rusal triples its annual profits in 2010

2011-04-01 00:00:00

MOSCOW, Mar 31 (AFP): The world's top aluminium producer, Russia's Rusal, announced Thursday that its net profits more than tripled in 2010 to $2.87 billion, due to growing demand for the metal, particularly in China. The company saw its profits...

Indian confectionery market to rank 14 globally by 2014

2011-04-01 00:00:00

MUMBAI, Mar 31 (Business Standard): The Indian confectionery market which is ranked 25th globally in value terms in 2009 is expected to grow at a rapid pace and jump up to 14th position by 2014, said a report from Datamonitor....

S Lanka industrial exports surge in Jan, trade deficit narrows

2011-04-01 00:00:00

COLOMBO, Mar 31 (LBO): Sri Lanka's exports surged 72.4 per cent in January 2011 to 813.4 million US dollars, helped by 121.9 per cent increase in apparel exports to 385.4 million US dollars, the central bank said. Imports of textiles...