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BRTC seeks Tk 100m to offset turmoil losses

Munima Sultana | 2015-03-05 00:00:00

After the private transport operators, the state-owned Bangladesh Road Transport Corporation (BRTC) has now sought Tk 100 million (10 crore) from the Prime Minister's fund to offset the loss caused by political turmoil during the last two years. BRTC has...

Biman\\\'s re-entry to domestic business could heat up competition

Shah Alam Nur | 2015-03-05 00:00:00

A war of business in the domestic aviation services is likely to heat up as the national carrier launches its flights next month after a gap of eight years, officials said. The Biman Bangladesh Airlines, which is on track to...

Why business competitions essential for students

Nabeela Mobashwer | 2015-03-05 00:00:00

Business competitions are a growing point of fascination among today's generation. It is not only proving to be a dynamic platform of expression, but also a credible evaluator of a student's versatility. In this modern era, where talent is regarded...

\\\'Y\\\' for youth, \\\'Y\\\' for Yamin

Mohammad Ali Anik | 2015-03-05 00:00:00

Perhaps Bangladesh has the most resilient and pliant number of people who never surrender to odds. This nation also has talented and capable faction of people who never gives up no matter how colossal the size of obstructions is. Scientific...

Expectations and reality

Nazmul Khan | 2015-03-05 00:00:00

Bangladesh despite all its shortcomings is still regarded worldwide as a land of unfathomable potential and extraordinary promise. Many a thing can claim credit as one of the reasons for such flattering appellations. A long list of things, from immense...

Capitalising economic potential

Saleh Akram | 2015-03-05 00:00:00

Despite natural calamities, overpopulation, political unrest, low per capita income and poverty, Bangladesh has immense potential as acknowledged by development specialists, who are also of the opinion that we lag behind in terms of achievement compared to our potential. It...

Basel-III: Challenges and opportunities

Khaled Mahmud Raihan | 2015-03-05 00:00:00

As part of the graduation process of capital adequacy standard, the Basel Committee on Banking Supervision (BCBS) released the global regulatory framework on Basel-III capital accord in December 2010 in view of strengthening global capital and liquidity rules with the...

Paradox between economy and environment

Jafrul Hassan | 2015-03-05 00:00:00

Waking up in the morning and reading newspaper is probably the best way to start the day. However, this scribe finds it wearisome while reading any news about climate change. What is going to happen in next 25 years due...

SME cluster development key to speedy industrial growth

Md. Joynal Abdin | 2015-03-05 00:00:00

The small and medium enterprises (SMEs) are the prime movers of any economy around the globe. These enterprises are considered as engines of growth. All countries are trying hard to develop entrepreneurs, promote SMEs and facilitating their graduation into large...

Economics of oil price

Hasnat Abdul Hye | 2015-03-05 00:00:00

There is a sudden plunge in the price of oil in the world market. Bangladesh, along with other countries, is benefiting from this windfall. According to an estimate, Bangladesh can save up to US$ 2.0 billion a year because of...

Revised employment policy at final stage

Munima Sultana | 2015-03-04 00:00:00

Revision of the expatriates' welfare and overseas employment policy made aiming at ensuring workers' rights, wellbeing and rehabilitation is at final stage. The ministry of expatriates' welfare and overseas employment has recently completed the draft of the revised policy and...

It’s time to recoup BPC losses, nothing else!

Shamsul Huq Zahid | 2015-03-04 00:00:00

The government, as the recent developments suggest, is hardly following a rational approach to the pricing of petroleum products in the context of fluctuations in prices of the same in the international market. The government, had undeniably been spending until...

Local toy makers flexing muscles

Shah Alam Nur | 2015-03-04 00:00:00

The dependence on toy import continues to go down as local makers have cranked up production, sector insiders say. They say local producers have the potential to meet domestic demand, replacing the imported toys, the bulk of which comes from...

Govt revenue from DSE down further

Babul Barman | 2015-03-04 00:00:00

The government's revenue earnings from the Dhaka Stock Exchange (DSE) fell further by 8.0 per cent in February compared to January, 2015 as trading volume was on the decline amid prolonged political unrest. The government bagged tax worth Tk 86.97...

Sluggish real estate sector needs props to survive

Md Abdul Kader | 2015-03-04 00:00:00

Traditionally, homeownership has been one of the key indicators that one who buys a home, belongs to the middle class.  In order to purchase homes, flats to be more specific, people need to have a good source of income. Sources...

Love begets love

Md. Abdullah Al Helal | 2015-03-04 00:00:00

"Darkness cannot drive out darkness, only light can do that. Hate cannot drive out hate, only love can do". This was said by Martin Luther King, Jr. who led the civil rights movement in the United States from the mid-fifties...

How farm policies evolved

Abdul Bayes | 2015-03-04 00:00:00

The agricultural policy regime went through major changes over the last four decades. Such positive policy changes produced dramatic results in terms of food grain output, nutritional status etc.  A recent paper by Dr Mahabub Hossain has summarised those that...

Indian steel sector bounces back

B. K. Mukhopadhyay from Kolkata | 2015-03-04 00:00:00

"From dawn to dusk, steel surrounds our daily lives. Whether you're waking up, keeping time, getting in or logging on, steel is there making your everyday activity possible," says the World Steel Association which is something to keep in mind....

Shrinking profit growth in Asian companies

Muhammad Abdul Mazid | 2015-03-04 00:00:00

Majority of the largest companies in Asia posted higher growth in 2014. Though most of them eventually expected revenues to grow during the year, profits were not as expected and falling. The proportion of Asia's Chief Financial Officers (CFO) who...

Purchase of six vessels awaits cabinet nod

Syful Islam | 2015-03-03 00:00:00

The cabinet committee on public procurement is set to approve on Wednesday procurement of six vessels by the Bangladesh Shipping Corporation (BSC) at a cost of US$171 million from a Chinese company, officials said. Each bulk carrier of 36,000 DWT...

NBR moves for fast disposal of tax cases

Doulot Akter Mala | 2015-03-03 00:00:00

The revenue board has moved to accelerate settlement of pending court cases to realise a large amount of stuck-up revenue and thus offset possible shortfall in revenue collection due to political impasse, officials said. National Board of Revenue (NBR) chairman...

Mobile banking transactions reach Tk 3.78b daily in Jan

Siddique Islam | 2015-03-03 00:00:00

Mobile banking services are gradually becoming popular in Bangladesh, as the services are provided at the doorstep of people, living in the country's un-banked areas, officials said. Average daily transaction through mobile banking services has increased by more than 8.0...

DSE to launch two subsidiary cos

Mohammad Mufazzal | 2015-03-03 00:00:00

The country's premier bourse has planned to launch two separate subsidiary companies to provide IT related services and facilitate share trading of de-listed companies, officials said. The initiative has been taken as part of the move of Dhaka Stock Exchange...

G2G option for Paira port development

Syful Islam | 2015-03-03 00:00:00

The Ministry of Shipping (MoS) has started examining proposals from different countries to fund building Paira port under government to government (G-to-G) arrangement, officials said. Some companies from various countries have expressed interest to fund construction of the country's third...

Banks widen network to villages

Rezaul Karim | 2015-03-03 00:00:00

Banks are expanding their presence into rural areas, helping the government to enhance financial inclusion by bringing un-banked people under their coverage, banking people said. "The banking authorities have been increasing their footing rapidly. This has been possible mainly, thanks...

Importing movies, with limit

Asjadul Kibria | 2015-03-03 00:00:00

There is a strong protest on importing and exhibiting Indian movies in cinema halls in Bangladesh. Artists, directors and producers of the Bangladesh film industry viewed the decision to import Indian movies, Hindi movie to be more precise, as self-destructing...

IT can help develop insurance sector

Abdul Kadir | 2015-03-03 00:00:00

Insurance companies, being one of the constituents of financial services market, always endeavour to provide its clients with the competitively-priced products. In sluggish trends of the economy in 2014, the growth rate (6 per cent) of insurance business was not...

Mamata\\\'s visit—a good augury

Muhammad Quamrul Islam | 2015-03-03 00:00:00

The three-day visit of the Paschimbanga Chief Minister Mamata Banerjee to Dhaka at the invitation of the Government of Bangladesh, coinciding with the February 21 Language Martyrs' Day and International Mother Language Day, has obviously left an impression in the...

NBR urges BTRC to pay income tax

Doulot Akter Mala | 2015-03-02 00:00:00

The revenue board has urged the telecom regulatory authority to pay income tax including advance tax to the public exchequer as per Income Tax Ordinance-1984. The board made the request following approval of Finance Minister (FM) AMA Muhith to collect...

BBA seeks ERD help for feasibility study

Munima Sultana | 2015-03-02 00:00:00

The Bangladesh Bridge Authority (BBA) has requested the Economic Relations Division (ERD) to arrange finance for conducting a feasibility study on the proposed tunnel beneath the mighty Jamuna River. A preliminary study has estimated the cost of the tunnel project...