FE Today Logo

Search results for: l


High-powered business delegation to visit South American bloc in Aug

Rezaul Karim | 2019-05-16 00:00:00

A high-powered business delegation, would visit South American countries sometimes in August next to expand trade and commerce, and tap the export potentials in the trading bloc, officials said.Argentina, Brazil, Paraguay and Uruguay are the members of the bloc called...

Most banks' EPS up in Jan-Mar

Babul Barman | 2019-05-16 00:00:00

The consolidated earnings per share (EPS) of most of the listed banks rose in the first quarter (Q1) for January-March, 2019 of this year compared to that of the same quarter last year.EPS is the portion of a company's profit...

The Wageningen approach to knowledge

Abdul Bayes | 2019-05-16 00:00:00

Just a few days back, a report on the positions of universities across the world saw the light. Scanning the list through thick lenses made Bangladeshis bewildered. Especially it was a bolt from the blue for intellectual segment as none...

'First ray of hope' as German economy returns to growth

Michael Nienaber and Rene Wagner in Berlin, Germany | 2019-05-16 00:00:00

The German economy returned to growth in the first quarter as householders spent more freely and construction activity picked up, but the government cautioned that the outlook remained clouded by trade disputes. Gross domestic product (GDP) rose 0.4 per cent...

Fixing the tax regime

Helal Uddin Ahmed | 2019-05-16 00:00:00

Tax and non-tax revenues constitute the major segments of domestic resources in any country. Domestically available resources in Bangladesh have been historically insufficient for enabling the government to play its due role in governance. Consequently, heavy dependence on foreign aid...

Eviction drive soon to reclaim canals in Ctg

Nazimuddin Shyamol | 2019-05-15 00:00:00

CHATTOGRAM, May 14: A total of 39 canals are disappearing gradually in the city while 12 are said to have completely disappeared in last 46 years due to illegal occupation by land grabbers, according to a recent survey.The Chattogram City...

Govt bond yield rises sharply

Siddique Islam | 2019-05-15 00:00:00

Yield on government treasury bonds (T-bonds) increased significantly on Tuesday following an upward trend in interest rates particularly on bank deposits.High yield on the government securities may continue till July due to higher demand for liquidity ahead of Eid-ul-Fitr festival...

MFS likely to come under close watch

Rezaul Karim | 2019-05-15 00:00:00

Mobile financial services (MFS) like bKash and UCash are likely to be brought under close monitoring by the government soon, officials said.The government is moving towards such regular screening after it finds concrete evidence of criminal activities being carried out...

'Block Module' to strictly reinforce declarations on transferring shares

Mohammad Mufazzal | 2019-05-15 00:00:00

The securities regulator has approved a 'Block Module' introduced to strictly reinforce the mandatory declarations required in case of transferring shares of listed companies and units of mutual funds by sponsors, directors and placement holders.The approval came on Tuesday at...

The ECB song contest?

Stefan Gerlach in Zurich | 2019-05-15 00:00:00

One can't help feeling that the race to succeed Mario Draghi as president of the European Central Bank (ECB) has taken on the flavour of the upcoming final round of the Eurovision Song Contest. Governments want a candidate from their...

Economics of Donald Trump's trade policy

Hasnat Abdul Hye | 2019-05-15 00:00:00

John Maynard Keynes, the architect of Keynesian revolution in post-war world who turned neo-classical economic thought on its head, wrote: "Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct...

Bangladesh seeks to forge strong economic ties with EEU

Syful Islam | 2019-05-14 00:00:00

Bangladesh and the Eurasian Economic Commission (EEC) are set to sign an agreement on cooperation in 21 sectors to facilitate bilateral trade and economic development.Commerce Minister Tipu Munshi and a member of the EEC board will sign the deal in...

Govt borrowing from banks to pick up soon

Siddique Islam | 2019-05-14 00:00:00

The government's bank borrowing is set to pick up significantly in May following revenue target shortfall in recent months, officials and bankers said.Faster execution of Annual Development Programme (ADP) along with extra-pressure on festival bonus ahead of the Eid-ul-Fitr has...

PPPA to float tenders next month for developing tourism projects

Munima Sultana | 2019-05-14 00:00:00

The PPP Authority is set to start by next month searching private investors for developing its tourism sector projects in four potential districts.Officials said the Public Private Partnership Authority (PPPA) endorsed four projects of Bangladesh Parjatan Corporation (BPC) three to...

Rise of right-wing nationalism undermines human rights worldwide

Thalif Deen in UN Headquarters, New York | 2019-05-14 00:00:00

The rise of right-wing nationalism and the proliferation of authoritarian governments have undermined human rights in several countries in Europe, Asia, Africa, the Middle East and Latin America.As a result, some of the international human rights experts - designated as...

New WB chief takes aim at global poverty

Sarwar Md Saifullah Khaled | 2019-05-14 00:00:00

The new World Bank (WB) President David Malpass seems to be dedicating the resources and efforts of the global lender towards poverty alleviation. Around the beginning of this month, WB announced that it mobilised over half a billion dollars in...

More or less Europe?

Kemal Dervis in Washington, DC | 2019-05-14 00:00:00

On May 23-26, voters across the European Union (EU) will go to the polls to elect members of the European Parliament. Much will be at stake. "Never, since World War II, has Europe been as essential," French President Emmanuel Macron...

Production suffers for severe water shortage

Nazimuddin Shyamol | 2019-05-13 00:00:00

CHATTOGRAM, May 12: Production at Sitakunda industrial belt in southern Chattogram region has long been suffering a major setback for severe water shortages.Despite repeated calls from industrialists, sources said, no tangible solution is still in sight to address the problem.On...

BB asks four SoCBs to focus on SME lending

Siddique Islam | 2019-05-13 00:00:00

The central bank has asked the four state-owned commercial banks (SoCBs) to focus on SME (small and medium enterprise) lending, particularly in the manufacturing sector, along with large loans to minimise risks, officials said.The advice was given at a meeting...

Africa: The age of the internet calls for younger leaders

Selorm Branttie in Accra, Ghana | 2019-05-13 00:00:00

Days before Algeria's 82-year-old strongman president Abdelaziz Bouteflika was ousted from power, the country made one last ditch attempt to keep control: it shut down the internet.A few weeks later, 75-year-old Sudanese president Omar Hassan al-Bashir's rule ended with a...

Corridors for bees and elephants

Neil Ray | 2019-05-13 00:00:00

In the face of declining bee population in the United Kingdom (UK), north London is all set to create a seven-mile long 'bee corridor' aimed at boosting the pollinating insects' numbers. The bee population has been declining in the UK...

LG commission: A partial remedy

Shamsul Huq Zahid | 2019-05-13 00:00:00

The factors held responsible for poor functioning of the local government bodies in a study report presented by the Centre for Policy Dialogue (CPD), a private think tank, at a discussion meeting late last month are quite known. Lack of...

STORIES THAT CAN'T END WELL

Harold James in Princeton, New Jersey, USA | 2019-05-13 00:00:00

In today's irrational world of fake news and bad-faith politics, a new mantra has emerged: It's all about narratives. Power today lies in one's ability to tell a story. As a case in point, consider Ukrainian President-elect Volodymyr Zelensky, a...

BTRC decides to allow Netflix cache server

Ismail Hossain | 2019-05-12 00:00:00

The Bangladesh Telecommunication Regulatory Commission (BTRC) has taken a decision to allow the US-based online streaming entertainer platform Netflix to set up a cache server in the country.Only licensed National Internet Exchange (NIE) operators can set up cache servers for...

MoRTB agrees to pay Japanese firm Tk 1.42b

Munima Sultana | 2019-05-12 00:00:00

The authorities concerned have finally agreed to pay part of the claim made by the Japanese firm for completing construction of three new bridges on Dhaka-Chattogram corridor by saving time and money.Sources said the Ministry of Road Transport and Bridges...

FBCCI blamed for holding up implementation

Doulot Akter Mala | 2019-05-12 00:00:00

The National Board of Revenue (NBR) has alleged the apex chamber body is trying to impede the implementation of new VAT law once again.After a delay of two years, the new VAT and Supplementary Duty Act-2012 is scheduled to come...

Raw materials price hike takes a toll on net profit of Premier Cement

Mohammad Mufazzal | 2019-05-12 00:00:00

The net profit of Premier Cement Mills declined moderately for the fiscal year (FY) 2018 compared to previous year due to various reasons including the increased cost of raw materials.The company reported its revenue of above Tk 10.04 billion for...

Funding the unfunded for inclusive growth

Md Shah Jalal | 2019-05-12 00:00:00

According to the International Monetary Fund (IMF), Bangladesh is the second fastest growing economy in the world with a 7.3 per cent gross domestic product (GDP) growth rate. Bangladesh has also been ranked 41st among the world's largest economies in...

Dealing with an epidemic of adulteration

Nilratan Halder | 2019-05-11 12:00:00

A joke got currency for a while in this capital city. The joke was that if the Dhakaites ate something really unadulterated, it upset their stomachs. Why? Their stomachs have become habituated to eating and digesting the impure varieties of...

0.1m at high risk of landslide in Ctg

Nazimuddin Shyamol | 2019-05-11 00:00:00

CHATTOGRAM, May 10: More than 0.1 million people living on the hillsides of Chattogram city are at high risk of landslide. The district administration, Chattogram City Corporation (CCC) and Chattogram Metropolitan Police (CMP) are taking steps to evacuate the people...