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NBR scraps duty-free import facility for referral hospitals

Doulot Akter Mala | 2016-07-10 00:00:00

Government's revenue authority has withdrawn the duty rebate provisions for referral hospitals that used to keep 5.0 per cent of their seats reserved for free-of-cost admission of poor and low-income patients. The decision to withdraw the facility was taken following...

State entities dodge paying electricity bill arrears

Rezaul Karim | 2016-07-10 00:00:00

Electricity-distribution companies are getting in deeper trouble financially mainly as various state entities dodge payment of overdue power bills, officials said. The distribution agencies and companies have failed to collect defaulted bills worth Tk 15.55 billion from different state-run and...

Telcos consider challenging call-drops compensation move

Ismail Hossain | 2016-07-10 00:00:00

Cellphone companies consider going to court against the telecom regulator, which asked them to start call-drop compensation service from July 1. A source with the Association of Mobile Telephone Operators of Bangladesh said mobile operators will file a petition before...

BB differs with ADB on SME growth ratings

Syful Islam | 2016-07-10 00:00:00

The central bank refutes the Asian Development Bank (ADB) survey finding that growth of small and medium enterprises (SME) in Bangladesh has slowed down for funding constraints, asserting that this priority sector of the economy is expanding. In a country...

Mutual Funds witness roll-back

Mohammad Mufazzal | 2016-07-10 00:00:00

The recent Supreme Court's (SC) order on liquidation of closed-end Mutual Funds has played a key role in creating interest among the investors for the MFs. As a result, market insiders said MFs listed on the bourses have started to...

Bangladesh\'s 9/11 and lessons learnt

M Serajul Islam | 2016-07-10 00:00:00

Dhaka is shell shocked, especially the elites of the city. The terrorist act at Artisan Bakery Cafe where nine Italians, seven Japanese, one Indian and three Bangladeshis were killed in the hands of six terrorists has graduated the Bangladesh capital...

Making Islam great again

Rashidul Bari | 2016-07-10 00:00:00

Like 1.6 billion Muslims across the globe, this writer went to the mosque to celebrate Eid, the end of Ramadan, along with his two sons, Isaac, the 'four-year-old Einstein' and Albert, the '13-year-old SAT expert.' While listening to the Imam...

Keeping second option open

Shamsul Huq Zahid | 2016-07-10 00:00:00

It is not that surprising that deposits made by Bangladesh nationals with Swiss banks recorded a 10 per cent growth in 2015 while the same from nationals of other countries, barring those from Pakistan, declined during the period. The increase...

NBR hikes minimum spot assessment taxes

Doulot Akter Mala | 2016-07-05 00:00:00

Minimum income tax for potential professional and business taxpayers in rural areas trebles in the current fiscal year (FY). The rural businesses and professionals, who are under spot-assessment system, will now have to pay Tk 3,000 as minimum tax, according...

Foot-dragging on national drug policy continues

Munima Sultana | 2016-07-05 00:00:00

The country is yet to have an updated national drug policy even five years after initiation of it due to bureaucratic procrastination. The delay has put on hold many important actions necessary to improve the quality of drugs and their...

Congestion still cripples commuting in capital

Talha Bin Habib | 2016-07-05 00:00:00

The capital's usually congested streets got clogged Monday, trapping many in tailbacks for long, as myriad people came out on a last-minute buying binge or on outbound journey for Eid festival.     Witnesses said many had to walk down to their...

US$ rate rises sharply in kerb market before Eid

Siddique Islam | 2016-07-05 00:00:00

Exchange rate of the US dollar against the local currency in the open market, known as kerb market, has increased substantially ahead of the Eid-ul-Fitr festival, traders said. The US currency has reached its maximum rate of Tk 83.00 on...

OTC market sees only Tk 78.71 million trading

Babul Barman | 2016-07-05 00:00:00

The over-the-counter (OTC) market of Dhaka Stock Exchange (DSE) is running sluggish since its launching seven years back, causing only sufferings to some investors rather than relieving them. The Bangladesh Securities and Exchange Commission (BSEC) formally launched the OTC market...

Smart TV sales surge on Eid demand

Mohammad Wazed Ali | 2016-07-05 00:00:00

Demand for and sale of smart televisions have increased more on the occasion of the Eid-ul-Fitr than  normal period, branch managers and sales people at the electronics outlets in the city told the FE. According to them, sale of smart...

Eid-ul-Fitr: A festival with a difference

Muhammad Abdul Mazid | 2016-07-05 00:00:00

Eid-ul-Fitr is a unique festival. It has no connection with any historical event nor is it related to the change of seasons or cycles of agriculture. It is not a festival related in any way to worldly affairs. Its significance...

‘Launch owners to lose route permit, if extra fare charged’

Talha Bin Habib | 2016-07-04 00:00:00

The Launch Owners' Association issued a stern warning Sunday against charging extra fares from homebound passengers for celebrating Eid-ul Fitr. It said if any launch owner tries to realise extra money from the passengers during the Eid season, it will...

No control over drug prices as regulator loses bite

Munima Sultana | 2016-07-04 00:00:00

The government has no control over fixing fair prices of medicines in the country although it is committed to ensure quality drugs at affordable rates to people. Sources said the price control committee of the government is dominated by different...

American identity: Ideas, not ethnicity

Michael Jay Friedman | 2016-07-04 00:00:00

Since the United States was founded in the 18th century, Americans have defined themselves not by their racial, religious, and ethnic identity,  but by their common values and belief in individual freedom. In 1782, barely six years after the United...

\'We have to be in this fight together\': An American Muslim diplomat speaks out

Lauren Monsen | 2016-07-04 00:00:00

From 1999 to 2000, M. Osman Siddique served as U.S. ambassador to Fiji, with concurrent accreditations to the kingdom of Tonga and the governments of Tuvalu and Nauru. In a column he recently wrote for the Huffington Post, he recalled:...

Govt revenue from DSE declines 10pc

Babul Barman | 2016-07-04 00:00:00

Sluggish trading activities affected the government's revenue earnings from the Dhaka Stock Exchange (DSE) as it fell 10 per cent in the just concluded fiscal year (FY) 2015-2016 compared to the previous fiscal. Market insiders said on the back of...

How pervasive is regional disparity in primary education in Bangladesh?

Selim Raihan and Mansur Ahmed | 2016-07-04 00:00:00

Sound knowledge on educational performances of different regions across the country can be helpful in the decision-making process for better resource allocation and policy formulation. A multidimensional composite measure of educational development, that captures many dimensions such as access, inputs,...

The future of computing-- begins Cognitive Era

Bruno Michel in Zurich | 2016-07-04 00:00:00

Ever since the American computer scientist John McCarthy coined the term "Artificial Intelligence" (AI) in 1955, the public has imagined a future of sentient computers and robots that think and act like humans. But while such a future may indeed...

Brexit: When ignorance is not bliss

Lamia Mohsin | 2016-07-04 00:00:00

In the era of pervasive globalisation, it would be extremely foolish to simply declare that the geopolitical affairs of another nation should not, or will not have any impact whatsoever on others, let alone concern us. History gave us an...

Operating profits of PCBs show upturn

Siddique Islam | 2016-07-03 00:00:00

Operating profit of the country's private commercial banks (PCBs) showed an upturn in the first six months of the current calendar year. Of the 39 PCBs, 13 marked an upward trend in operating profits while only one witnessed a downturn,...

Businesses fear negative effect of terror attack on export, FDI

Talha Bin Habib | 2016-07-03 00:00:00

Country's leading businessmen and economists Saturday expressed the fear that the Friday's Gulshan restaurant siege by terrorists may affect the inflow of foreign investment (FDI) and exports.    They termed the incident as fatal and unwanted and strongly condemned it. Besides,...

New NBR format for pvt cos to submit salary statements

Doulot Akter Mala | 2016-07-03 00:00:00

In a move to raise more revenue from payroll tax, the National Board of Revenue (NBR) has issued a prescribed format for the private sector employers to submit salary statements of their employees. Such a format was inducted in the...

Rights issues of listed companies drop significantly

Mohammad Mufazzal | 2016-07-03 00:00:00

The number of rights issues and the amount of fund raised by listed companies dropped significantly in the outgoing fiscal year (FY) compared to the previous FY, 2014-15. A total of five companies raised an aggregate amount of fund worth...

Govt ready with Tk 6.0b bailout

Rezaul Karim | 2016-07-03 00:00:00

The government is ready with a Tk 6.0 billion bailout for six cash-strapped financial institutions, including four state-owned banks, competent sources said. They said the money is meant to help the financial outfits meet their capital shortfall, recapitalisation, fund assistance...

Indian Muslim women fight to overturn triple talaq

Shriya Ramakrishnan of Al Jazeera in New Delhi | 2016-07-03 00:00:00

Twenty five-year-old Salma's (name changed to protect identity) life crumbled one morning when her husband forced her and her two young children, aged three and two, from their house in Bhopal, Madhya Pradesh, India. Salma had married in 2010, just...

Abdur Chowdhury, the \'father of trending\'

Paul Coletti of BBC in Washington | 2016-07-03 00:00:00

It's one of those internet phrases that have seeped into everyday usage. Newsreaders tell us a story is trending, editors tell their staff they want interviews to trend and activists want their causes to trend. The goal for many news...