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A Bangladeshi town in human trafficking\\\'s grip

Ellen Barry from Shah Porir Dwip (Bangladesh) | 2015-07-24 00:00:00

From his shop overlooking a pier on this island near the border with Myanmar, Mohammad Hossain watched the human smuggling business swell. Over the years, the trickle gradually grew into an unending stream. The late-night flashes of light on the...

The role of microfinance and moneylenders in rural economy

Abdul Bayes | 2015-07-24 00:00:00

The advent of microfinance, particularly in Bangladesh, is mainly attributed to the existence of an imperfect credit market in rural areas, swept by informal sources of credit like money-lenders. Moneylenders not only charge exorbitant rates of interest to the borrowers...

Alternative slum development

Nilratan Halder | 2015-07-24 00:00:00

Dhaka, an urban sprawl, is no less known for its shanties than its skyscrapers, rickshaws and intractable traffic congestion. In February 2013, then local government and rural development minister disclosed in parliament that the number of slum population was 3.5...

DSEX crosses 4,800-mark after five months

FE Online Report | 2015-07-23 00:00:00

Stocks rallied for 9th session in a row on Thursday – the longest winning streak in the recent months as investors remained upbeat on fundamental stocks amid growing optimism. The market opened higher in the morning and the upward trend...

DSE, CSE open optimistic

Online Report | 2015-07-23 00:00:00

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw upward trend in early hour of trading on Thursday, the last trading sessions of the week. DSEX, the prime index of the DSE, went up by 20.70 points...

Govt to hire Foley Hoag to fight Rana Plaza case in US court

Syful Islam | 2015-07-23 00:00:00

The government has decided to appoint a tested law firm named Foley Hoag to fight legal battle in a case filed in a US lawcourt by the victims of Rana Plaza collapse for realising compensation, officials said. This happens to...

Criteria too tough for small RMG units

Munima Sultana | 2015-07-23 00:00:00

Most of the local apparel makers queuing up for the Tk 1.0 billion (100 crore) Japanese soft loans failed to meet two important criteria for access to the fund created under the Bangladesh Bank's Small and Medium Enterprise (SME) window...

Bangladesh, India to earn revenues by charging transit fees

Asjadul Kibria | 2015-07-23 00:00:00

Under the Bangladesh-Bhutan-India-Nepal (BBIN) sub-regional connectivity framework, both Bangladesh and India will be able to generate a good amount of revenues by charging transit fees.   Bangladesh's earning may come to $204 million in 2020 while India's to $0.79 million in...

House rent docs to be tagged with tax returns

Doulot Akter Mala | 2015-07-23 00:00:00

Household owners will have to submit documents on deposit of aggregate monthly house rents above Tk 25,000 through banking channel with individual tax returns in the current fiscal year (FY). The time for submission of individual tax returns for income...

Govt\\\'s bank borrowing soars 88pc in nine days

Siddique Islam | 2015-07-23 00:00:00

The government's borrowing from the banking system soared nearly 88 per cent year-on-year in the first nine days of the current fiscal year (FY), 2015-16, partly to finance its budget deficit, officials said. Its net borrowing from the banking system...

Rules relaxed to ease online import of software

Khairul Islam | 2015-07-23 00:00:00

The central bank has relaxed its foreign exchange regulation allowing purchase of software through eDelivery without prior permission, sources said. In the past, foreign exchange (FX) regulation required prior approval from the Bangladesh Bank (BB) to remit payment against online...

BSEC takes 437 enforcement actions against listed cos in five years

Mohammad Mufazzal | 2015-07-23 00:00:00

The securities regulator has taken a total of 437 enforcement actions against the issuer companies during last five fiscal years (FYs) for breaching securities rules, officials said. As part of enforcement measure, the regulator fined the companies and issued warning...

Saving the youths from this ICU

Saadman Khan Nabil | 2015-07-23 00:00:00

Frustration and depression are mounting high in the minds of youths in this country.  Every day whenever we check the newspaper, turn on the television or tune into the radio, we see news of violence and aggravation. News of murders,...

Social capital - the connectedness of social networks

Helal Uddin Ahmed | 2015-07-23 00:00:00

In his famous bestselling book Bowling Alone: The Collapse and Revival of American Community (2000), renowned sociologist-cum-political scientist Robert D. Putnam extensively dwelt on the civic and social life of the American communities during the 20th century and the changing...

Wanted need-based budget

Khurshed Alam | 2015-07-23 00:00:00

In June every year, the Finance Minister presents the proposed annual budget for the next financial year (July-June). There he allocates funds for government departments. For preparing the budget, the government departments follow a rule of thumb - based on...

Stocks extend rally for 8th day

FE Online Report | 2015-07-22 00:00:00

Stocks extended their gaining streak for the eight consecutive sessions on Wednesday with turnover crossing Tk 7.0 billion-mark as investors continued their buying spree amid optimism. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up marginally by...

DSE up, CSE down at opening

FE Online Report | 2015-07-22 00:00:00

The Dhaka Stock Exchange (DSE) saw positive trend while the Chittagong Stock Exchange (CSE) saw negative trend in early hour of trading on Wednesday, the second trading sessions after Eid-ul-Fitr holidays. DSEX, the prime index of the DSE, went up...

New export policy to focus on services sector

Syful Islam | 2015-07-22 00:00:00

Service sector is getting high importance in the draft export policy 2015-18, which will be placed before the cabinet shortly, as ventures in this field hold significant economic potentials, officials said. "Tourism, architecture, engineering and consultancy services have been included...

Govt to revise wheat import standard amid recent ‘scam’

Rezaul Karim | 2015-07-22 00:00:00

The government is set to revise the existing standard specifications on wheat import in the face of the recent 'scam' regarding import of the food item, officials said. "The government has taken the move against the backdrop of allegations of...

NBR moves to make list of similar pending cases

Doulot Akter Mala | 2015-07-22 00:00:00

The NBR's Income Tax Wing has moved to sort out the pending court cases of analogous nature from the tax offices across the country to resolve long-standing disputes for realising stuck-up revenue. A 12-member committee has been formed to compile...

Public issue rules await more new provisions

Mohammad Mufazzal | 2015-07-22 00:00:00

The securities regulator is incorporating some provisions into the public issue rules under a proposed amendment in a bid to ensure more accountability and transparency of issuer companies and relevant stakeholders, officials have said. One of the new provisions will...

Price slump drives up car sales

Munima Sultana | 2015-07-22 00:00:00

 Reconditioned private car sales are on the rise due to fall in its prices by 10 to 20 per cent thanks to depreciation of the Japanese yen and no imposition of new tax on car import in the current fiscal...

Jewellers consider revising gold prices down

Mohammad Ali and Khairul Islam | 2015-07-22 00:00:00

Local jewellers are likely to revise downward gold prices locally after the international market of the precious metal softened. They hinted at reducing the local price of the precious metal by Tk 2,000-Tk 2,500 per bhori within a few days....

BTRC steps up process for launching 4G

Khairul Islam | 2015-07-22 00:00:00

The telecom regulator has accelerated the process of releasing 700MHz spectrum in the country, as the government is planning to introduce the latest 4G (fourth generation) mobile technology by 2016, sources said. As part of the initiatives, the Bangladesh Telecommunication...

Losing the ground in emerging markets

Asjadul Kibria | 2015-07-22 00:00:00

Excitement over the growth of emerging markets has been subdued to some extent in recent years. Due to both external and internal factors, most of the emerging market economies are now slowing down. In the updated version of the World...

The transformational Iran nuclear deal

M. Serajul Islam | 2015-07-22 00:00:00

President Barack Obama's opponents will simply not accept he is capable of any achievements. He brought an economy from the brink to which two wars by his predecessor had pushed the country and yet his opponents wanted to put the...

Women in agriculture

Abdul Bayes | 2015-07-22 00:00:00

In Bangladesh, a traditional Muslim society, women have limitations to participate extensively in agricultural activities, especially in fields. Historically, women's agricultural activities were confined to homestead production and post-harvest operations. However in recent years they have mostly been involved with...

DSEX crosses 4,700-mark

FE Online Report | 2015-07-21 00:00:00

Stocks extended their gaining streak for the seven straight sessions on Tuesday, the opening day after six-day Eid holidays as investors continued their buying spree amid optimism. DSEX, the prime index of the Dhaka Stock Exchange (DSE), crossed the 4,700-mark...

Stocks open positive

FE Online Report | 2015-07-21 00:00:00

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw positive trend in early hour of trading on Tuesday, the first trading day after six-day Eid holidays. Trading and official activities on the bourses remained closed from July...

New AC bus service for city commuters soon

Munima Sultana | 2015-07-21 00:00:00

A new air-conditioned (AC) bus service is going to be introduced on four routes of the city almost a decade after such service was suspended following wrong selection of the routes, sources said. Transport experts have already expressed their doubt...