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PMO seeks outcome report on anti-adulteration drive

Rezaul Karim | 2014-10-22 00:00:00

The prime minister's office (PMO) has ordered the authorities concerned to produce progress report on what so far has been done to push through government's battle against alleged food adulteration on a wider scale, officials said. The PMO has taken...

Transition from command to market economy

Jamaluddun Ahmed concluding his two-part article | 2014-10-22 00:00:00

Under the financial sector reform programme, the government allowed licences to commercial banks, leasing companies and insurance companies since 1982. As part of the series of banking reforms, the Banking Companies Act was passed by parliament. Insurance Regulatory Authority was...

Modernisation of road crash analysis

Md Shamsul Arefin | 2014-10-22 00:00:00

Software under the Microcomputer Accident Analysis Package (MAAP5) of the Transport Research Laboratory (TRL) has been in use in Bangladesh for storing data and analyses of accidents. While the prevailing methods in Bangladesh for accident and data recording and data...

Whither garment village?

Syed Jamaluddin | 2014-10-22 00:00:00

The country's garment factories are facing one risk or another. Fire risk, electric security, exit door inadequacy and weak building structure of are some of the problems. The Accord comprising 89 corporate members of European buyers and the Alliance for...

A new world order is yet to be created

Mizanur Rahman Shelley in the first of a three-part article | 2014-10-22 00:00:00

Bangladesh, no less than the world at large, is confronted with a new challenge. It is a challenge not only of making the market work. More importantly it is the challenge of bridging the gulf between the market and the...

Iran acts to comply with interim nuclear deal with powers: IAEA

Fredrik Dahl of Reuters | 2014-10-22 00:00:00

Iran is taking further action to comply with an interim nuclear agreement with six world powers, a monthly UN atomic agency report showed, a finding the West may see as positive ahead of a November deadline for clinching a long-term...

Early settlement of higher-priced placement share dispute ruled out

Mohammad Ali | 2014-10-22 00:00:00

Legal experts are skeptical about immediate settlement of the much-talked about 'higher priced' placement share dispute in the apex court as it, according to them, is burdened with a large number of other pending cases. The long legal dispute is...

Apparel Summit to replace BATEXPO

Badrul Ahsan | 2014-10-22 00:00:00

Garment exporters have planned to bring together manufacturers, global brands, retailers, investors, experts and policymakers at a platform this year to help expedite export. The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has planned to hold a 3-day long Apparel...

Stocks return to green

FE Online Report | 2014-10-21 00:00:00

Stocks rebounded Tuesday after three sessions’ fall with turnover improved slightly as investors went for buying spree on large cap stocks. The market opened with a positive mood which continued till the market closure. DSEX, the prime index of the...

DSE, CSE up at opening

FE Online Report | 2014-10-21 00:00:00

The prices of most of the shares at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed positive trend in early hours of trading on Tuesday, 3rd session of the week. DSEX, the prime index of the DSE, went...

3 PCBs want more time to cut number of family directors

Siddique Islam | 2014-10-21 00:00:00

Three private commercial banks (PCBs) have sought more time from the central bank to reduce the number of directors from a single family to maximum two in line with the existing banking companies act. The PCBs having more than two...

Spl rate withdrawal to encourage tax evasion by apparel exporters

Doulot Akter Mala | 2014-10-21 00:00:00

The withdrawal of special tax rate for apparel exporters is likely to hurt the sector and encourage further the tax dodging through cooked financial statements, experts said.    And such tax dodging would help greater accumulation of black money in the...

39 projects queued up for execution under PPP

Munima Sultana | 2014-10-21 00:00:00

A total of 39 projects, involving $10 billion, have been queued up for implementation in different sectors under the Public-Private Partnership (PPP) regime following a breakthrough, officials said. They said some recent progress in project-selection and-approval process provided the stimulus....

Economic rationale for separation of conventional and merchant banking - I

Jamaluddin Ahmed in the first of a two-part article | 2014-10-21 00:00:00

Generically, conventional banking was evolved to make deposits and conducting lending to the customers with the aim to develop trade, commerce and industry in a country. Industrial development in the western society needed huge capital that was dominantly financed by...

When \\\'small\\\' needs bigger attention

Abdul Bayes | 2014-10-21 00:00:00

This write-up begins with a congratulation to Dr Mahabub Hossain for having been elected president of the Society of Agricultural Economists (ASAE). En passant, the ASAE international conference was held at BRAC Center for Development Management (CDM), Savar, from October...

Slavers on the prowl

Maswood Alam Khan from Maryland, USA | 2014-10-21 00:00:00

The news of Bangladeshis recently rescued from the jungles in Thailand tells us how unwary and poor people in Bangladesh are so easily duped by the modern-day slave traders. The incident brings to our mind the bestselling book Roots by...

23.47pc rise in industrial term loan disbursement

Shamsul Huda | 2014-10-21 00:00:00

Economists aired an upbeat note that a sound growth of total industrial term loans during the April-June period this year would help in removing sloth in industrialisation and creating new employment opportunities. Positive disbursement growth of industrial term loans and...

Pran-RFL recruits Tuba jobless skilled workers

Shah Alam Nur | 2014-10-21 00:00:00

The Pran-RFL Group has recruited most of the workers of the five factories of Tuba Group who lost jobs in recent times after the company declared all its units closed. Chorka Textile, a sister concern of the Pran-RFL Group, has...

Closer security ties eyed in Japan defence pact update

Kiyoshi Takenaka and David Alexander of Reuters in Tokyo | 2014-10-21 00:00:00

Japan and the United States agreed recently to map out how they will work together if Tokyo needs to use force to help protect a friendly country under attack, as they update defence cooperation guidelines for the first time in...

The $40b jet buying spree—IndiGo\\\'s big bet

Tommy Wilkes and Tim Hepher of Reuters | 2014-10-21 00:00:00

Almost four years ago a handful of people gathered in Airbus sales chief John Leahy's spacious country house outside Toulouse and argued long into the evening over curry and cigars. Last weekend they met up again at a Parisian hotel...

Stocks tumble for third day amid choppy trading

FE Online Report | 2014-10-20 00:00:00

Stocks tumbled for the third running session on Monday amid choppy trading with turnover falling further as late profit booking sale pressure wiped-out early gains. The market opened with a positive mood, gaining 47 points within the first 30 minutes...

DSE, CSE open positive

FE Online Report | 2014-10-20 00:00:00

The prices of most of the shares at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed positive trend in the early hours of trading on Monday after previous day’s biggest fall. DSEX, the prime index of the DSE,...

Utility jumble blocks metro-rail route

Munima Sultana | 2014-10-20 00:00:00

A jumble of existing unplanned utility infrastructures along the metro-rail route in the city poses big challenge to the authorities to kick-start its construction work, officials said. They said more than a dozen government and private agencies have been involved...

DSE regrets revenue board\\\'s request

Mohammad Mufazzal | 2014-10-20 00:00:00

Dhaka Stock Exchange (DSE) has regretted a revenue board's request regarding updating information on 12-digit TIN (Taxpayer's Identification Number) of BO (beneficiary owner's) account holders to avoid investors' misinterpretation, officials said.    The premier bourse 'verbally' regretted the request of National...

Political debut for scion of Pakistan\\\'s Bhutto dynasty

Mehreen Zahra-Malik and Maria Golovnina of Reuters in Islamabad | 2014-10-20 00:00:00

The only son of Pakistan's assassinated Prime Minister Benazir Bhutto told hundreds of thousands of supporters last week that he would fight for his party's revival, in an appearance intended to mark the official launch of his political career. "The...

India tightens rules on cigarettes, tobacco branding

Aditya Kalra of Reuters in New Delhi | 2014-10-20 00:00:00

Tobacco companies in India will have to stamp health warnings across 85 per cent of the surface of cigarette packs and other products, the Health Ministry said last week, joining nations such as Thailand and Australia with stringent marketing rules....

Facing new oil glut, Saudis avoid 1980s mistakes to halt price slide

Rania El Gamal of Reuters | 2014-10-20 00:00:00

Still haunted by its failed attempt to prevent a steep drop in oil prices by slashing production by almost three quarters in the 1980s, the world's top oil exporter Saudi Arabia is determined not to make the same mistake again....

When students fall victim to ceaseless experiments

Neil Ray | 2014-10-20 00:00:00

Of late the country's standard of education at the secondary and higher secondary levels has come under scathing criticism from different quarters. The admission test at the University of Dhaka has added fuel to the fire. And there are some...

Risking life for a job abroad

Shamsul Huq Zahid | 2014-10-20 00:00:00

Passengers of a delayed Malindo Air flight to Dhaka were waiting at the boarding lounge of the Kuala Lumpur International Airport-2 (KLIA2) in the early hours of last Thursday. Most of them were exhausted by the long wait. Suddenly, they...

Stocks plunge amid thin turnover

FE Online Report | 2014-10-19 00:00:00

Stocks dipped on Sunday with key index of the major bourse lost over two per cent as investors went for massive sales, fearing further fall. DSEX, the prime index of the Dhaka Stock Exchange (DSE) shed 109.08 points or 2.06...