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BB sends \\\'observers\\\' to four errant SoCBs

Siddique Islam | 2015-11-19 00:00:00

The government Wednesday appointed observers to four state-owned commercial banks (SoCBs) with sufficient oversight authority to help improve the banks' deteriorating financial health, officials said. Executive Directors of the Bangladesh Bank (BB) Mohammad Naushad Ali Chowdhury, Ahmed Jamal, Nirmal Chandra...

Pakistani millers urge BD to release consignments

Rezaul Karim | 2015-11-19 00:00:00

Pakistani millers have requested Bangladesh government to immediately release jute consignments, for which letters of credit (LCs) were opened before the recently-imposed ban on raw jute export, officials said. Pakistan Jute Mills Association (PJMA) has recently urged the government to...

Whizkids of change: Battle against presentation-poverty

Rad Sharar Bin Kamal | 2015-11-19 00:00:00

Human beings have been using different forms of communications to convince and persuade others for a host of objectives from time immemorial. The latest of the bunch is presentation skill, a must-have tool for managers and salespeople alike to win...

Shaping the operation of Mobile Financial Service

writes Khondoker Shakhawat Ali concluding his two-part article titled \'Question of ownership of mobile financial services by MNOs\' | 2015-11-19 00:00:00

CHALLENGES IN FOSTERING COMPETITION: a. Dependency curtailing strategy: Mobile Financial Service (MFS) providers are bulk customers of Mobile Network Operators (MNOs) and utterly dependent on MNOs for their connectivity. As a result, if MNOs are licensed to MFS, they would...

The Paris carnage

M Serajul Islam | 2015-11-19 00:00:00

It was Friday, the 13th or a Black Friday. A group of seven terrorists in three groups on behalf of ISIS carried out an extremely well coordinated terrorist plan with consummate ease. The first attack was carried outside the stadium...

Shaping the operation of Mobile Financial Service

Khondoker Shakhawat Ali | 2015-11-18 00:00:00

CHALLENGES IN FOSTERING COMPETITION: a. Dependency curtailing strategy: Mobile Financial Service (MFS) providers are bulk customers of Mobile Network Operators (MNOs) and utterly dependent on MNOs for their connectivity. As a result, if MNOs are licensed to MFS, they would...

The Paris carnage

M Serajul Islam | 2015-11-18 00:00:00

It was Friday, the 13th or a Black Friday. A group of seven terrorists in three groups on behalf of ISIS carried out an extremely well coordinated terrorist plan with consummate ease. The first attack was carried outside the stadium...

Pak millers urge BD to release consignments

FE Online Report | 2015-11-18 00:00:00

Pakistani millers have requested Bangladesh government to immediately release jute consignments, for which letters of credit (LCs) were opened before the recently-imposed ban on raw jute export, officials said. Pakistan Jute Mills Association (PJMA) has recently urged the government to...

Tk309.46b stuck up in 24,572 revenue cases pending with HC

FE Online Report | 2015-11-18 00:00:00

Chief Justice Surendra Kumar Sinha on Tuesday highlighted the urgency for overhauling the age-old obsolete laws for speedy settlement of cases pending in different courts for recovery of huge amount of taxes remaining stuck due to disputes between the tax...

ILO-BIM capacity dev training on effective workplace coop in RMG sector launched

FE Online Report | 2015-11-18 00:00:00

The International Labour Organisation (ILO) in collaboration with the Bangladesh Institute of Management (BIM) has recently launched capacity development training on effective workplace cooperation for workers’ representatives and mid-level managers in the ready-made garment (RMG) sector. By the end of...

DSE, CSE down at opening

FE Online Report | 2015-11-18 00:00:00

Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) saw downward trend in early hour of trading on Wednesday, the fourth session of the week. DSEX, the prime index of the DSE, went up by 14.81 points or 0.32 per...

Govt finally moves to readjust fuel prices

Rezaul Karim | 2015-11-18 00:00:00

The government has initiated a move for readjusting domestic prices of fuel oils in line with their price slump in the global market, officials said. Under the initiative, the authorities concerned have already started assessing various factors, like - payment...

A painful exercise yet again!

Shamsul Huq Zahid | 2015-11-18 00:00:00

In the past few weeks, with stock prices eroding continuously, the market looked even duller. Market analysts held the panic sale by a section of investors responsible for such a situation. But they did not explain elaborately the underlying causes...

Uncertainty hangs over transport service of BBIN

Munima Sultana | 2015-11-18 00:00:00

Uncertainty hangs over timely launch of passenger and container services under the motor vehicle agreement (MVA) among four South Asian countries for delay in ratifying the deal by Bhutan and Nepal, sources said. The two Himalayan countries are yet to...

Don’t fear a rising dollar

Anatole Kaletsky in London | 2015-11-18 00:00:00

The US Federal Reserve is almost certain to start raising interest rates when the policy-setting Federal Open Markets Committee next meets, on December 16. How worried should businesses, investors, and policymakers around the world be about the end of near-zero...

Social protection: Initiating work on SDGs

writes Shamsul Alam concluding his two-part write-up titled \'Social protection: Leaving no one behind\' | 2015-11-18 00:00:00

Apart from the life cycle-based programmes, the schemes to support the freedom fighters and their families will continue under the consolidated Freedom Fighters' Benefit Programme. The transfer of food during and after disaster will continue as a disaster management response...

Mobile Financial Service attains spectacular success

writes Khondoker Shakhawat Ali in the first of a two-part article titled \'Question of ownership of mobile financial services by MNOs\' | 2015-11-18 00:00:00

Mobile Financial Service (MFS) is a core vehicle for development in the present context of the developing countries. Bangladesh has already laid the foundation of success and it has drawn the attention of many local and global leaders. It has...

BD-RTGS System: A landmark in inter-bank transaction

Md. Nazmul Haque | 2015-11-18 00:00:00

Conceptually, the Real Time Gross Settlement (RTGS) is a highly developed technology that makes possible fund transfers between banks on real time basis, for both local and approved foreign currency transactions. This is the fastest money transfer system through the...

US monetary tightening: Implications for Bangladesh

Sharjil Haque | 2015-11-18 00:00:00

US Federal Reserve Chair Janet Yellen suggested earlier this month that central bank policy rates should be hiked as early as December, 2015. This will end a seven-year episode of near-zero interest rates, and have significant cross-country implications for macroeconomic...

Social protection: Initiating work on SDGs

Shamsul Alam | 2015-11-17 00:00:00

Apart from the life cycle-based programmes, the schemes to support the freedom fighters and their families will continue under the consolidated Freedom Fighters' Benefit Programme. The transfer of food during and after disaster will continue as a disaster management response...

Mobile Financial Service attains spectacular success

Khondoker Shakhawat Ali | 2015-11-17 00:00:00

Mobile Financial Service (MFS) is a core vehicle for development in the present context of the developing countries. Bangladesh has already laid the foundation of success and it has drawn the attention of many local and global leaders. It has...

US monetary tightening: Implications for Bangladesh

Sharjil Haque | 2015-11-17 00:00:00

US Federal Reserve Chair Janet Yellen suggested earlier this month that central bank policy rates should be hiked as early as December, 2015. This will end a seven-year episode of near-zero interest rates, and have significant cross-country implications for macroeconomic...

BD-RTGS System: A landmark in inter-bank transaction

Md. Nazmul Haque | 2015-11-17 00:00:00

Conceptually, the Real Time Gross Settlement (RTGS) is a highly developed technology that makes possible fund transfers between banks on real time basis, for both local and approved foreign currency transactions. This is the fastest money transfer system through the...

BSEC opens training centre

FE Online Report | 2015-11-17 00:00:00

The chairman of the securities regulator Tuesday inaugurated the permanent training centre to impart training to general and institutional investors. Prof. M. Khairul Hossain, the chairman of the Bangladesh Securities and Exchange Commission (BSEC), inaugurated the training centre established on...

Stocks end higher for second day

FE Online Report | 2015-11-17 00:00:00

Stocks ended marginally higher for the second running sessions on Tuesday, with turnover falling slightly, as most of the investors remained on buying mood amid optimism. The market opened with upbeat note and the positive trend sustain till end of...

DSE, CSE up at opening

FE Online Report | 2015-11-17 00:00:00

The Dhaka Stock Exchange (DSE) the Chittagong Stock Exchange (CSE) saw positive trend in early hour of trading on Tuesday, maintaining the previous day’s upward momentum. DSEX, the prime index of the DSE, went up by 9.47 points or 0.21...

BB prefers 30-day bill than REPO to swab excess fund

Siddique Islam | 2015-11-17 00:00:00

The central bank now prefers its 30-day bill than reverse REPO (repurchase agreement) for mopping up excess liquidity from the market, officials said. Under the move, the Bangladesh Bank (BB) withdrew Tk 36.45 billion from the market using its 30-day...

Indian transit shipments to get spl berthing facility

Syful Islam | 2015-11-17 00:00:00

Vessels carrying Indian transit shipments will enjoy special berthing facility at Bangladesh's Chittagong and Mongla seaports, officials said. The two neighbours signed a Memorandum of Understanding (MoU) last June for transport of goods to north-eastern states of India using Bangladesh...

Australian booters arrive in city amid tight security

Talha Bin Habib | 2015-11-17 00:00:00

  The government has stepped up security in the capital especially the areas around Bangabandhu National Stadium as Bangladesh will take on Australia in the FIFA World Cup qualifying match today (Tuesday). Shops at Stadium Market and Baitul Mukarram National Mosque...

Govt to import 0.6m tonnes urea fertiliser from Qatar

Talha Bin Habib | 2015-11-17 00:00:00

The government will procure 0.6 million tonnes of urea fertiliser from Qatar under a government-to-government (G2G) agreement, officials said. To this effect, the cabinet committee on public purchase is set to approve a proposal for urea import from the Gulf...