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To depreciate or not

M. A. Taslim | 2015-09-10 00:00:00

The sudden devaluation of the Chinese yuan against the dollar last month jolted the global foreign exchange market. Despite the fact that the devaluation was not very large, around 5.0 per cent, the foreign exchange markets around the world reacted...

MVA talks inconclusive, no protocols finalised

Munima Sultana | 2015-09-10 00:00:00

Two days of negotiations on executing the Motor Vehicle Agreement (MVA) concluded Wednesday in Dhaka without finalising the protocols for transporting passengers and goods across four South Asian nations. Instead, the meeting decided that each member-country will send their respective...

Terms for duty-free car import by investors set to be relaxed

Doulot Akter Mala | 2015-09-10 00:00:00

The government is going to relax terms for the investors in the economic zones (EZs) for availing duty benefit on import of cars by lowering requirement of minimum volume of investment and employment generation. Under the new condition, investors will...

BB to feed funds to banks for free under ILS scheme

Siddique Islam | 2015-09-10 00:00:00

The central bank has decided to feed funds to the commercial banks free of charge under Intraday Liquidity Support (ILS) to help conduct daily business activities.     Officials said the cash-aid instrument is meant for Real Time Gross Settlement (RTGS) aimed...

Capital market far from being ready for diversification

Mohammad Mufazzal | 2015-09-10 00:00:00

Stakeholders including the securities regulator have laid much emphasis on removal of major barriers like legal bottlenecks and the inadequate financial literacy of many investors before diversifying the local capital market. They also listed the limited regulatory capacity and the...

Taking bitter pills to cure the disease

Abdul Bayes | 2015-09-10 00:00:00

The role of research and evaluation in development of an organisation is hardly debated. Unfortunately, however, the empirics on this count are very rare.  Recently, this writer came across a document that highlights the role of research in an organisation,...

To depreciate or not

writes M. A. Taslim in continuation of a front-page economic analysis on this theme | 2015-09-10 00:00:00

It is in general the case that the value of the domestic currency appreciates (may be with a lag) when there is a marked increase in the overall balance. Conversely, it depreciates when there is a fall in the overall...

DSE, CSE down at opening

FE Online Report | 2015-09-09 00:00:00

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed downward trend in early hours of trading on Wednesday, the fourth session of the week. DSEX, the prime index of the DSE, went down by 5.10 points or...

FRA: How will it taste?

Shamsul Huq Zahid | 2015-09-09 00:00:00

The Financial Reporting Act has come into being, finally. However, the adoption of this important piece of legislation by the national parliament last Sunday has stirred up both ecstasy and disappointment in two opposing camps. Opposition and debates were aplenty...

20 selected to get ‘tax card’ for paying highest taxes

Doulot Akter Mala | 2015-09-09 00:00:00

US oil company Chevron Bangladesh has bagged the first position among the corporate taxpayers for receiving 'tax card' followed by Karnaphully Fertiliser Company Ltd (KAFCO) and Infrastructure Development Company Ltd (IDCOL). The National Board of Revenue (NBR) has selected a...

19 FIs to face fund crisis

Mohammad Mufazzal | 2015-09-09 00:00:00

The latest decision to allow only 13 NBFIs to receive government's funds coupled with the insurance regulator's move to restrict the deposits of life insurance companies in NBFIs has posed a threat of funding scarcity for a good number of...

Bangladesh faces dire livestock crisis

Sarwar Md. Saifullah Khaled | 2015-09-09 00:00:00

According to the Department of Livestock Services, the projected population of the country's livestock and poultry rose to 52.84 million and 288.57 million respectively in 2011 and 2012. The livestock sector has a huge contribution towards meeting Bangladesh's daily protein...

Cheaper borrowing mechanism for revitalising real estate sector

M Jalal Hussain | 2015-09-09 00:00:00

The real estate sector plays a pivotal role in the economy, environment, people's lives and society as a whole. Societies and businesses cannot function efficiently without the services of residential and commercial properties that provide facilities to offices, shops, factories...

Mini industrialisation in Bogra

Hasnat Abdul Hye | 2015-09-09 00:00:00

Farm mechanisation has progressed slowly but steadily in Bangladesh. It started with the adoption of modern irrigation technology in the late fifties that ushered in the Green Revolution. Low-lift power pumps, shallow tube wells and deep tube wells revolutionised irrigation,...

How much for a spot on a rubber raft and a slim chance at a better life?

writes Robert Young Pelton for Reuters | 2015-09-09 00:00:00

This summer a quarter of a million people fled across the Mediterranean by small ships and rafts. Lured by smugglers and forced onto discarded fishing boats, the migrants are directed to head north and call for help when they are...

Stocks slip into red with low turnover

FE Online Report | 2015-09-08 00:00:00

Stocks slipped into the red on Tuesday after showing feeble turnaround in the previous session as investors mostly followed cautious stance. The market opened in buoyant mood in the morning, but these early enthusiasms faded away, as sellers took control...

DSE, CSE open higher

FE Online Report | 2015-09-08 00:00:00

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw upward trend in early hour of trading on Tuesday, the third trading session of the week. DSEX, the prime index of the DSE, went up by 12.88 points...

Many banks ignore verification requirement of licence

Rezaul Karim | 2015-09-08 00:00:00

Most private sector importers of petroleum products and banks concerned are allegedly not complying with a necessary provision in opening L/Cs (letters of credit) to import the same. Taking their non-compliance into account, the Bangladesh Energy Regulatory Commission (BERC) has...

BB now can seek info on citizen\\\'s property abroad

Siddique Islam | 2015-09-08 00:00:00

The central bank is empowered to seek information on movable and immovable property abroad from any citizen of Bangladesh including non-resident Bangladeshis (NRBs) and foreign nationals staying in Bangladesh as resident to check illegal fund transfer, officials said. The Bangladesh...

Talks on BBIN MVA draft protocol start today

Munima Sultana | 2015-09-08 00:00:00

Bangladesh is yet to be prepared with adequate 'groundwork', including on proposed fees and charges, for transport of goods and movement of passengers, although negotiations on draft protocol of the BBIN motor vehicle agreements (MVA) start today (Tuesday), officials said....

Jessore women changing life thru’ sewing training

Doulot Akter Mala Back from Basatpur, Jessore | 2015-09-08 00:00:00

Basatpur shows the way of social capital formation in a gradually developed livelihood from a miasma of poverty and drudgery. The inhabitants of the locality, once ultra-poor women and many victims to trafficking, have now started saving some money from...

Rise of Donald Trump - Republicans in disarray

Zeenat Khan from Maryland, USA | 2015-09-08 00:00:00

In 2011, when gasoline prices surged over four dollars a gallon, billionaire Donald Trump, a Republican presidential hopeful in 2012, thought he had a solution. He boasted if he became the president, he would go to Libya, and take all...

Product quality vs market access

Md. Joynal Abdin | 2015-09-08 00:00:00

The Economic Census 2013 identified over eight million cottage, micro, small, medium, large, permanent / seasonal, rural and urban, manufacturing and service-oriented enterprises in Bangladesh. These enterprises produce thousands of products and services under 225 categories. Business leaders say there...

The only option for RMG - increase value addition

Sayed Kamaluddin | 2015-09-08 00:00:00

Textile manufacturing sector and readymade garment industry (also the knitwear segment) are in fact inseparable and rolled into one. The burgeoning readymade garment and knitwear sector has set a goal to reach $50 billion export by 2021. While this appears...

Stocks edge marginally higher

FE Online Report | 2015-09-07 00:00:00

 Stocks edged marginally higher on Monday with turnover increased slightly as optimistic investors took position on large-cap stocks amid optimism. The market opened higher in the morning and the positive momentum sustained throughout the session. The benchmark index of the...

DSE, CSE open higher at opening

FE Online Report | 2015-09-07 00:00:00

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw upward trend in early hour of trading on Monday, the second session of the week. DSEX, the prime index of the DSE, went up by 17.35 points or...

No headway in returning money to cheated youths

Syful Islam | 2015-09-07 00:00:00

No tangible progress has yet been made in paying back funds worth billions of taka to hundreds of thousands of youths who were cheated by Jubo Karmasangsthan Society (Jubok), now infamous multi-level marketing (MLM) company. "Except exchanging letters between the...

Investors lukewarm as MFs fail to shine

Mohammad Mufazzal and Babul Barman | 2015-09-07 00:00:00

The country's mutual funds (MFs) have failed to emerge as reliable investment tools in the absence of professionalism and dedication on the part of the Asset Management Companies (AMCs), experts and stakeholders have observed. Their observation came in the backdrop...

Capital base of public banks shrinks further

Siddique Islam | 2015-09-07 00:00:00

Capital base of all the public-sector banks shrank further in the second quarter (Q2) of 2015 as the quality of their assets kept deteriorating continuously, officials said. The aggregate capital shortfall of the eight state-owned banks increased over 21 per...

Govt earnings from DSE mark 46pc rise in August

Babul Barman | 2015-09-07 00:00:00

The government's revenue earnings from the Dhaka Stock Exchange (DSE) shot up 46 per cent in August compared to a month ago as trading volume was on the rise. Analysts said the government's earnings from the DSE rose in August...