Fresh move on to offload govt power cos’ shares

The government has initiated a fresh move to mobilise fund from the capital market through offloading shares of the state-run power entities to finance power sector development projects, officials said. Under the move, a high-powered committee, comprising of representatives from...

BPO loses ground to pvt card operators

The postal cash card has become a dead horse as stiff competition from private operators and slow decision-making have hit sales, sources said. Data available with the Bangladesh Post Office (BPO), showed that both sales of cards and total income...

The manning of ships and repatriation of seafarers

There was a time when trade used to be conducted by sailing ships. There was no question of marine pollution as marine technology was primitive. The loss of ships and lives occurred frequently - accepted as the peril of sea...

Creating productive employment for everyone

During the past few decades, Bangladesh has made notable progress in both economic and social fields. On the one hand, there has been continuity in economic growth, and on the other, the country can boast of its achievements in social...

Stocks return to green

Stocks returned to green on Tuesday after two sessions’ marginal correction as investors went for buying spree on large-cap stocks amid optimism. The market opened with an upward note and the upturn sustained throughout the session. DSEX, the prime index...

DSE, CSE open optimistic

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw upward trend in early hour of trading on Tuesday, the third sessions of the week. DSEX, the prime index of the DSE, went up by 26.23 points or...

NBR to earn Tk 22b less than original estimates

The last-minute amendments made to two major tax proposals in the national budget is likely to deprive the government of revenue estimated at Tk 22 billion during the fiscal year (FY) 2015-16. Tax at source (TAS) on export bill and...

New gen PCBs not being able to open \\\'credit line arrangements\\\' for LC confirmation

The new generation private commercial banks (PCBs) are not being able to open 'credit line arrangements' for LC confirmation because of non-cooperation from the foreign commercial banks (FCBs). "Our export-import and other non-funded businesses are being affected as we cannot...

Philips pressing ahead with expansion into Bangladesh

Dutch electronics giant Philips said it will expand its business into Bangladesh by launching new products focused on personal health. The new product portfolio of the Bangladesh arm of Philips, a subsidiary of the Netherland-based Royal Philips, include kitchen appliances,...

Bad time for public sector jute mills

Bad time for the country's jute industry has staged a comeback after some years to haunt the nation. Historically, jute has been a vital sector for the country's economy. It remains so even today, maintains the chairman of the Bangladesh...

Looking beyond the lower middle-income bracket

Bangladesh has made big strides in the economic field over the last few decades. More importantly, it maintained a steady growth of over 6.0 per cent per annum. Not many countries in the world could register an economic growth at...

Cabinet okays draft of Ship Recycling Law-2015

The Cabinet on Monday approved in principle the draft of the ‘Bangladesh Ship Recycling Act-2015’, subject to the vetting of the Law Ministry. The approval came from the regular weekly meeting of the Cabinet held at Bangladesh Secretariat with Prime...

Stocks see mild correction for 2nd day

Stocks saw mild correction for the second consecutive sessions on Monday, with turnover falling further, as investors continued to book profit. The market opened with a downward trend and the downturn sustained throughout the session amid choppy trading. DSEX, the...

DSE, CSE down at opening

The country’s twin-bourse witnessed negative trend in early hour of trading on Monday, the second sessions of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), dropped 6.69 points or 0.13 per cent to slide to 4,779.79, after...

Committee sits this week to set next action

The committee on Jubok will sit this week to review the proposal it received from the law ministry on its report, officials said. The committee will also speed up its next course of action against the multi-level marketing company that...

Draft rules to establish Clearing Corporation being framed

The securities regulator is framing draft rules to establish Clearing Corporation as like as demutualised organisation to accelerate clearing and settlement activities of capital market, officials said. Both the bourses and financial institutions have stakes in the proposed Corporation. To...

Duty\\\'s call

Most members of his fraternity are likely to scoff at his foolishness, others may feel pity for the poor soul but at least he could establish that there is still exception to the general moral aberration in the police. Parvez...

The crime goes on, unchecked

The holy month of Ramadan is the time when Muslims fasting during the day are found to consume a variety of food items. Whether the lavish consumption of food items is against the very religious spirit of fasting is a...

Streamlining the banking sector

There is some anxiety about the banking sector because of many irregularities and mismanagement. Non-repayment of loans, increase in loan default, lack of monitoring in loan recovery and unwillingness to return money which was taken out from banks through manipulation...

Stocks break nine-day gaining streak

Stocks witnessed marginal correction on Sunday, breaking nine sessions’ winning streak with falling turnover as investors booked quick profit. DSEX, the prime index of the Dhaka Stock Exchange (DSE), dipped below 4,800-mark and ended at 4,786.49, shedding 21.90 points or...

PM inaugurates DCs\\\' confce Tuesday

Prime Minister Sheikh Hasina will inaugurate the DCs’ conference in Dhaka on Tuesday (July 28), Cabinet Secretary Muhammad Mosharraf Hossain Bhuiyan told this correspondent on Sunday morning. The three-day DCs’ conference will continue till July 30.

Stocks see mix trend at opening

The Dhaka Stock Exchange (DSE) saw negative trend while the Chittagong Stock Exchange (CSE) saw positive trend in early hour of trading on Sunday, the first trading sessions of the week. DSEX, the prime index of the DSE, went down...

Tk 6.20b Japanese fund for public, private building retrofitting

A new window of 10 billion Japanese Yen (Tk 6.20 billion) fund will be opened under the Bangladesh Bank as Japanese support for retrofitting public and private buildings for a disaster-resilient city. The earthquake disaster risk index has placed Dhaka...

Students in thousands leave country for higher education

Thousands of students go abroad every year for higher studies in the absence of adequate seats and the unabated erosion in the quality of education in many public and private universities at home. Besides, the rising costs of education in...

Remittances from EU drop slightly

The flow of inward remittances declined slightly from the European Union (EU) in the just-concluded fiscal year (FY) 2014-15 following the ongoing economic slowdown, officials said. The inward remittances' flow from euro zone particularly from the United Kingdom, Germany and...

PMO preparing guidelines to appoint EZ developers

The Prime Minister's Office (PMO) is preparing guidelines for appointing developers for establishing Economic Zones (EZs) across the country in a time-bound manner. Officials said the move has been taken in accordance with the Bangladesh Economic Zones (Appointment of Developer,...

SDGs to target universal health coverage

Health is fundamental to human development. All people, regardless of social status, consistently rank good health as a top priority, and healthy people are critical to sustaining societies. It is therefore not surprising that four of the eight Millennium Development...

EPB should be the focal point

In the highly competitive global economy where trade takes place, expanding export is not easy. It requires continuous endeavour, initiative and campaign. This is particularly true if a country belongs to less developed category. For multifarious reasons to achieve competitive...

Daily trips in greater Dhaka go up by 42pc to 30m

Per day trip generation in greater Dhaka area has increased to around 30 million, up by over 42 per cent in the last five years due to increase of households in different areas and improvement of economic condition, a latest...

Foreign funds for MFIs drop over internal buoyancy

Foreign funds for the country's micro-finance institutions (MFIs) have noticeably been on the decline, as savings, retained earnings and local funds have bolstered their financial strength. The donor funding has now declined to around 2.19 per cent in 2014 from...