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DSE, CSE down at opening

FE Online Report | 2014-12-23 00:00:00

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw downward trend in early hours of trading on Tuesday, the third session of the week. DSEX, the prime index of the DSE, went down by 5.68 points or...

Tax relief for small savers in banks likely

Doulot Akter Mala | 2014-12-23 00:00:00

Tax relief for small savers is under review of the government following widespread criticism over levying tax on interest income from bank deposits belonging to people with non-taxable income. The Finance Minister recently sought taxmen's opinion on exempting the small...

Pay Commission report sparks inflation fear

Mohammad Mufazzal | 2014-12-23 00:00:00

The proposed pay hike for government servants has triggered widespread fear of increase in overall inflation. Economists, experts and businesses consulted by the FE aired their worries, particularly in consideration of the possible plight of low-income group of people, especially...

ICAB body indicts 7 audit firms for unethical practices

Mohammad Ali | 2014-12-23 00:00:00

A probe body of the Institute of Chartered Accountants of Bangladesh (ICAB) has found seven audit firms involved in 'professional misconduct' and recommended necessary action against those, officials said. The Investigation and Disciplinary Committee (IDC) of the ICAB carried out...

Work on major dev projects under watch for smooth sail

Syful Islam | 2014-12-23 00:00:00

The Matarbari 1,200mw coal-fired power project has been put on 'fast track' for its smooth sail through any hurdles as the government intensified the monitoring of implementation of the country's mega development schemes. Officials said the monitoring committee on fast-track...

Maternal mortality rate drops by more than 50pc in 13 years

Shamsul Huda | 2014-12-23 00:00:00

The maternal mortality rate in the country dropped by more than 50 per cent over the past 13 years to reach 170 per 0.01 million live births in 2013 following different initiatives taken by the government and community healthcare service...

DSE sees new 17 companies in 2014

Babul Barman | 2014-12-23 00:00:00

A total of 17 new companies were listed on the Dhaka Stock Exchange (DSE) in the outgoing calendar year, highest in the last four years since market debacle in early 2011. These new securities raised an estimated Tk 9.98 billion...

Australian PM Abbott reshuffles cabinet to focus on jobs, families

Jane Wardell of Reuters in Canberra | 2014-12-23 00:00:00

Australian Prime Minister Tony Abbott, battling a slide in public support, reshuffled his cabinet on December 21, promoting the overseer of a tough immigration programme and throwing out his gaffe-prone defence minister. Abbott said the shake-up was for jobs and...

Senior Chinese leader to visit Vietnam amid sea tension

Ben Blanchard of Reuters in Beijing | 2014-12-23 00:00:00

A senior Chinese leader will visit Vietnam this month, China's state media said on December 22, amid tension between the neighbours over competing claims in the South China Sea. Yu Zhengsheng, who heads a largely ceremonial advisory body to China's...

Abe in bind over North Korea abductee talks

Linda Sieg of Reuters in Tokyo | 2014-12-23 00:00:00

US accusations that North Korea was behind the cyberattack on Sony Pictures could force Japan to choose between backing its ally Washington and keeping talks on track with Pyongyang about Japanese citizens abducted decades ago. Washington is weighing how to...

Saudi Arabia says it won\\\'t cut oil output

Rania El Gamal and Maha El Dahan of Reuters in Abu Dhabi | 2014-12-23 00:00:00

Saudi Arabia said on December 21 it would not cut output to prop up oil markets even if non-OPEC nations did so, in one of the toughest signals yet that the world's top petroleum exporter plans to ride out the...

Russia growls across the border as Lithuania readies for euro

Alistair Scrutton and Andrius Sytas of Reuters in Kaunas | 2014-12-23 00:00:00

Geopolitics plague Lithuanians at this frozen Russian border post, where a return trip by car can mean 48 hours of queuing. It is a reminder for some of why the former Soviet republic will cement its move to the West...

Flying back on course: The inside story of the new Airbus A350 jet

Tim Hepher of Reuters in Toulouse | 2014-12-23 00:00:00

Ten years ago, the boss of Qatar Airways, who takes his first new A350 jet this week, warned Airbus it was flying off course. Boeing was knocking on his door with a "super-efficient" jet boasting 30 per cent fuel savings...

Streamlining national grid gas supply

Saleque Sufi | 2014-12-23 00:00:00

There might have been another bout of power grid collapse due to gas supply crisis if the production glitch at Bibiyana gas field had continued for a couple of hours more. Fortunately, the situation could be tackled within a few...

Falling oil prices in international market: No impact on domestic market

Syed Jamaluddin | 2014-12-23 00:00:00

Prices of petroleum products have fallen substantially in the international market but the consumers at home are not getting the benefit. The present government increased prices of petroleum products five times in the past on the pretext of rising oil...

Stocks return to green

FE Online Report | 2014-12-22 00:00:00

Stocks returned to the green territory on Monday after previous session’s flat movement with turnover improving slightly as investors took position on large-cap stocks. DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up by 18.78 points or...

DSE up, CSE down at opening

FE Online Report | 2014-12-22 00:00:00

The Dhaka Stock Exchange (DSE) witnessed upward trend while the Chittagong Stock Exchange (CSE) saw mixed trend in early hours of trading on Monday, the 2nd session of the week. DSEX, the prime index of the DSE, went up by...

Govt assessing local cos\\\' capacity

Syful Islam | 2014-12-22 00:00:00

The government has started examining the capacity of local dredger-makers and suppliers before starting a capital dredging programme to raise navigability of major rivers, officials have said. The move is taken, as poor navigability of the rivers has long been...

Govt stands guarantor for BPC\\\'s oil import

Rezaul Karim | 2014-12-22 00:00:00

The government stands guarantor in favour of the Bangladesh Petroleum Corporation (BPC) for importing about 0.36 million tonnes of petroleum products for the next January-June period under deferred payment, officials said. Under the guarantee, the BPC will import around 0.36...

President\\\'s visit to India and more promises

M. Serajul Islam | 2014-12-22 00:00:00

As a ceremonial President, Abdul Hamid is beginning to appear as an exception. Currently on a six-day official visit to neighbouring India, he recently visited the UAE and England and before that, officially visited Brazil and on way back from...

Remittance: Are we ready to harness the potential?

K M Alamgir Kabir | 2014-12-22 00:00:00

Remittance is increasingly becoming a major policy issue due to its widespread effects on growth and development. Emphasising the impact of remittances on human development many researchers have suggested that a remittance recipient country with efficient policy intervention in investment...

Blood-thirsty face of militancy

Neil Ray | 2014-12-22 00:00:00

The Taliban attack on an army public school in Peshwar, Pakistan has in it all the elements of deranged mentality that works as an obsession for militancy in the name of religion. According to the organisation's version, though, the attack...

Flight of capital - up, up and up

Shamsul Huq Zahid | 2014-12-22 00:00:00

The Anti-corruption Commi-ssion (ACC) perhaps knows better than anyone else what it has actually gained by interrogating Mr. Musa bin Shamser, a self-styled Bangladeshi billionaire businessman, allegedly, involved in illicit international arms trade. But the ACC action has offered the...

Botswana keen to recruit skilled manpower from Bangladesh

Talha Bin Habib | 2014-12-22 00:00:00

Botswana will recruit skilled manpower from Bangladesh for developing its aquaculture sector. The visiting assistant minister of Botswana expressed his country's willingness to the Fisheries and Livestock Minister Muhammed Sayedul Hoque at his Bangladesh Secretariat office of receiving cooperation from...

Oil shock to tilt Mexico energy opening in private sector\\\'s favour

David Alire Garcia and Dave Graham of Reuters in Mexico City | 2014-12-22 00:00:00

The allure of investing in Mexico's historic oil sector opening has been dimmed by the plummeting price of crude, putting pressure on the government to offer bigger incentives to private investors in the first major round of contracts up for...

How to win friends and family while regifting

Chris Taylor of Reuters in New York | 2014-12-22 00:00:00

There are plenty of delicate subjects during the holiday season, but one of the touchiest could be regifting. Plenty of us do it, but avoid talking about it for fear of offending friends and family. Susan Choi and Pete Wells...

With Cuba decision, Obama hands Hillary Clinton a gift

Steve Holland of Reuters in Washington | 2014-12-22 00:00:00

Potential 2016 Democratic presidential candidate Hillary Clinton knows a political gift when she sees one. She was quick to embrace the step this week when President Barack Obama, a fellow Democrat no longer having to face an electorate, relaxed U.S....

Stocks return to red

FE Online Report | 2014-12-21 00:00:00

Stocks returned to the red on Sunday after previous session’s upturn amid volatile trading throughout the session as investors remained cautious. DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down marginally by 6.72 points or 0.13 per...

DSE, CSE open mixed

FE Online Report | 2014-12-21 00:00:00

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed mixed trend in early hours of trading on Sunday amid choppy trading, the 1st session of the week. DSEX, the prime index of the DSE, plunged 2.57 points...

API Park plot handover set for Mar start

Shamsul Huda | 2014-12-21 00:00:00

A vital project like Active Pharmaceutical Ingredients (API) Park is now poised for a belated start with handover of plots to the manufacturers of raw materials for medicines by next March, officials said. After the commissioning of the industrial park,...