Preparing a clear, concise financial reporting

Most of the organisations now-a-days face financial reporting problem for presentation in the financial statement as it is important to maintain proper reporting quality, maintain local and international guidelines. Financial reporting is equally crucial for company as well as investors...

Basel III: Challenges ahead for banks

Basel III refers to the latest capital and liquidity standards prescribed by the Bank for International Settlements (BIS). Bangladesh has entered into the Basel III regime effective from January 01, 2015. Bangladesh Bank (BB) amended its capital standard which was...

Nepal sets up panels to probe war crimes amid cries for justice

Nepal set up two commissions on February 10 to investigate long-simmering allegations of human rights abuses and disappearances during the Himalayan nation's decade-long civil war, a government minister said. State forces and Maoist rebels alike have been accused of grave...

US, China to discuss repatriation of Chinese fugitives

Senior US officials will meet in August with their Chinese counterparts to discuss the possibility of repatriating Chinese officials who have fled to America with billions of dollars of allegedly stolen government assets, according to a State Department official. The...

Modi\\\'s BJP crushed in Delhi poll

Narendra Modi's Bharatiya Janata Party (BJP) has suffered a crushing defeat in Delhi's city election, undermining the Indian prime minister's image of political invincibility and showing the extent of disillusionment among the capital's voters after only eight months of BJP...

NPL situation: Will banks revisit 2014 experience?

In the third week of December last, the central bank had asked the banks to bring down their classified loans to below 10 per cent before the expiry of the calendar year 2014. The banks obliged. The average share of...

BB alerts banks on terror financing

The central bank has asked the commercial banks for taking the highest level of precautionary measures so that no one can use the banking channel for terror financing both at home and aboard. The directive was given at an emergency...

28 RMG factories count Tk 2.4b loss in a month

With a prolonged countrywide transport blockade and frequent shutdowns continuing to take their toll, 28 of the garment factories have suffered a loss of Tk 2.4 billion in a month from January 06 to February 07, a study reveals. The...

Small SHS units gain popularity among rural people

The companies installing the solar home systems in remote power off grid zones have set a new trend in using light emitting diode lamps aiming to save money and energy, renewable energy sources said. The renewable energy firms estimate that...

CISI to impart training on securities-related courses

Chartered Institute for Securities and Investment (CISI), a UK-based global professional body in securities and investment industry, has moved to impart its securities-related courses to individuals in Bangladesh. In this connection, the CISI partnered with Pearl Institute of Financial Markets...

BSEC to introduce e-data system

The securities regulator has moved to introduce Electronic Data Gathering and Retrieval system to ease and speed up the data and information submission by market intermediaries and listed companies, officials said. The Bangladesh Securities and Exchange Commission (BSEC) is presently...

A silent revolution sweeping Bangladesh : EU envoy

Bangladesh's relations with the European Union (EU) date back to 1973. And the EU is Bangladesh's single largest trading partner, with more than half the country's merchandise shipment destined to the market of 28-member regional grouping. The head of the...

Farm sector: Infrastructure holds the key

Agriculture sector has been showing a topsy- turvy rate of growth over the years. However, over the last decade Indian agriculture has become more robust with record production of foodgrains and oilseeds. Increased procurement, consequently, has added huge stocks of...

The consequences of politics of retaliation

Over time, a democratic regime can turn into an autocratic one. The change of the democratic regime into the autocratic regime depends on several factors. Among them, the foremost is the political game of retaliation - a characteristic feature of...

Methodology change sees Indian economy grow faster than China\\\'s

Taken at face value, India on Monday became the fastest growing major economy in the world after its statisticians changed the way they measure Asia's third-largest economy and showed it clocked faster growth than China in the December quarter. It...

Euro zone, Greece face off as markets take fright

Greece and its euro zone partners engaged in brinkmanship on Monday, with leftist Prime Minister Alexis Tsipras insisting his country would not extend its reform-linked bailout and Germany saying it would get no more money without such a programme. European...

Obama still weighing decision on arming Ukraine forces

US President Barack Obama made clear he was some way from a decision on whether to arm Ukraine in its conflict against Russian-backed rebels, saying on Monday he still hoped for a diplomatic solution. "The measure by which I make...

Day-labourers in dire straits

Day-labourers' hardship in the capital is gradually mounting up due to employment shortage and subsequent low earning due to the ongoing non-stop hartal-blockade. It was found that more than 5,000 labourers, mainly from the country's northern and southern parts, gather...

Exporters now turn to expensive air shipment

Air shipment of readymade garments and other exportable has sharply increased in recent times as businesses turned to this costly alternative for the non-stop countrywide transport blockade and frequent hartals, insiders said. They said the exporters now opted for air...

Banks see sharp decline in NPLs during Q4 of 2014

The amount of classified loans in the country's banking system recorded a sharp decline in the final quarter of the calendar year 2014 following rescheduling, write-off and recovery, officials said. The volume of non-performing loans (NPLs) fell by more than...

16 Bangladeshis’ connections found with Swiss HSBC

At least 16 Bangladeshi clients had 31 accounts in a Swiss subsidiary of the HSBC (Hong Kong & Shanghai Banking Corporation) Holdings Plc, a multinational British bank. These 31 accounts had deposits worth $13 million, presumably laundered from Bangladesh. The...

52 CA firms apply for enlistment in BSEC audit panel

A total of 52 audit firms have applied for enlistment in the securities regulator's auditors' panel which will be formed for ensuring proper and standard auditing of the listed companies, officials said.    The officials said the Bangladesh Securities and Exchange...

Many govt agencies left shorthanded

Day-to-day activities of government's 280 autonomous agencies under different ministries are at slow pace for shortage of nearly a million personnel, officials said. The ministries concerned are struggling to cope with the manpower shortages in their affiliates. A large number...

Political standoff puts Dk-Ctg 4-lane project on low gear

The ongoing political impasse is likely to cause the work on the Dhaka-Chittagong four-lane project decelerate once again. The authorities concerned apprehend further delay in completing field-level work of the project, aimed at expanding the country's economic lifeline. The current...

Amending Negotiable Instrument Act — III

Sections 123 to 130 are the most important parts of the Negotiable Instrument (NI) Act 1881 because these sections have discussed about crossed cheque which is the most popular form of negotiable instrument. In banking, bearer cheque and crossed cheque...

Currency-hedged ETFs in vogue as investors clamour for more

US investors spooked by wild swings in the foreign exchange market are piling into exchange-traded funds that strip out the local currency on their international equity portfolios, making them one of the most sought-after financial products in 2015. With the...

TECs asked to follow PPR duly in govt purchases

The Public Procurement Rules (PPR) is not being properly followed in many government procurements, observed the Central Procurement Technical Unit (CPTU). Especially, it noted that the Tender Evaluation Committees (TECs) are not following the post-qualification criteria, specified in tender documents...

Govt postpones BDF meeting

The government postponed Sunday the Bangladesh Development Forum (BDF) meeting scheduled for April 26-27, in view of the ongoing waves of political unrest, competent sources said. No fresh schedule was announced immediately. Prime Minister Sheikh Hasina was scheduled to inaugurate...

Policy to select tax files for audit

Taxmen will scrutinise revenue risk-factors involving the highest taxpayers, both corporate and individual, on the basis of their disclosed income, net assets, turnover and paid taxes in the selection of tax-files for audit. Under the field-audit policy 2014-15, the National...

Exercising right to environment

Nature is the common binding force of mankind, and to preserve it, mankind must make constant efforts. But man's greed attacks nature, environment and ecology. An environment is a set of natural, artificial or man-made, physical, chemical and biological elements...