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Dhaka for D-8 to protect its interest as LDC

Syful Islam | 2014-10-17 00:00:00

Bangladesh will press for protection of its interest as  a least developed country (LDC) in the trade ministers' meeting of Developing-8 (D-8) countries scheduled to be held in Istanbul next week, officials said. A four-member Bangladesh delegation, led by commerce...

Islamic banks, FIs asked to participate in Shariah-based refinancing scheme

Siddique Islam | 2014-10-17 00:00:00

The central bank has asked Islamic banks and non-banking financial institutions (NBFIs) to participate in its newly introduced Shariah-based refinancing scheme. The advice came at a meeting with the senior executives of the Islamic banks and NBFIs held at the...

Bangladesh agrees on export price of coarse rice offered by S Lanka

Talha Bin Habib | 2014-10-17 00:00:00

Bangladesh is waiting to get response from Sri Lanka over the proposed price for exporting boiled rice, officials said. With this end in view, the Ministry of Food (MoF) sent a letter to the Sri Lankan authority on October 12...

BTRC to rationalise revenue sharing among operators

Khairul Islam | 2014-10-17 00:00:00

The telecom regulator will rationalise the proposed revenue sharing between IGW (international gateway) switch operators and general operators to allow formation of a cartel of such companies to ensure fair contest among them. Earlier, the IGW Operators Forum (IOF), comprising...

Inequality on relentless march

Nilratan Halder | 2014-10-17 00:00:00

The stark reality of life unfolded in a stranger-than-fiction style in the gynae ward of the Dhaka Medical College and Hospital (DMCH) this week when a mother and her sister were caught red-handed at the time of fleeing with her...

Blue Economy: Harnessing untapped resources

Shamsul Alam | 2014-10-17 00:00:00

According to the World Bank, world population will reach 8.0 billion in 2024 and there is no sign that we are going to consume less food or energy in the future. In fact, with another billion of us on the...

BOJ\\\'s Kuroda pledges prolonged stimulus but signals no immediate action

Leika Kihara and Stanley White of Reuters from Tokyo | 2014-10-17 00:00:00

Bank of Japan Governor Haruhiko Kuroda stressed his resolve to maintain massive stimulus for a prolonged period but shrugged off the need to expand it soon, remaining upbeat on the outlook despite signs the economy may be in a mild...

Stocks return to red amid choppy trading

FE Online Report | 2014-10-16 00:00:00

Stocks returned to the red on Thursday after previous sessions’ upturn with turnover falling further as investors followed cautious stance. DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 5,285.83 points, shedding 29.27 points or 0.55 per...

DSE, CSE stumble at opening

FE Online Report | 2014-10-16 00:00:00

The prices of most of the shares on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed downward trend in early hours of trading on Thursday, the last session of the week. DSEX, the prime index of the DSE,...

Green tax tangled in complexities

Doulot Akter Mala | 2014-10-16 00:00:00

Complexities impede enforcing the newly introduced 'Green Tax' and thereby hold back government drive to penalise non-compliant industries which are polluting the environment. The Department of Environment (DoE) and the National Board of Revenue (NBR) have yet to prepare themselves...

Construction runs into trouble as major components are incomplete

Munima Sultana | 2014-10-16 00:00:00

Major formalities for starting construction of the much-talked-about Dhaka Elevated Expressway (DEE) are yet to be completed although the work is supposed to kick off this month. Road Transport and Bridges Minister Obaidul Quader announced recently that construction of the...

Power outage, gas shortage damage rawhides and skins

Shah Alam Nur | 2014-10-16 00:00:00

Frequent power outages, shortage of gas supply and hot weather are taking its toll on rawhides and skins of sacrificial animals, industry insiders said. According to them, around 15 per cent of the rawhides have already been affected due to...

Iran expects progress, if no breakthrough, in N-talks

Parisa Hafezi and Fredrik Dahl of Reuters | 2014-10-16 00:00:00

Iran does not expect a breakthrough in high-level nuclear talks with the United States and the European Union this week but hopes they will help pave the way for a final deal, its foreign minister said on Tuesday. Mohammad Javad...

26 cos raise Tk 16.45b from stock mkt

Mohammad Mufazzal | 2014-10-16 00:00:00

Some 26 companies and two mutual funds (MFs) raised an aggregate amount of fund worth above Tk 16.45 billion, including the premium, from the capital market under fixed price method within the timeframe of January, 2013 to October, 2014. Among...

Hidden hunger and the suffering two billion

Parvez Babul | 2014-10-16 00:00:00

Food is a basic human need of the people around the world. But unfortunately, more than one billion people live on less than US$ one a day and someone dies of hunger in every 3.6 seconds.   There are many reasons...

Dhaka: Common resources are spread too thin

Alyson Hayes | 2014-10-16 00:00:00

Dhaka is ranked the world's 5th fastest growing city with an average growth rate of 56.5 per cent in the last decade and 6.2 per cent annual growth.  This figure does not necessarily consider transient or temporary urban dwellers or...

How Malala and Satyarthi can inspire us

Hafeejul Alam | 2014-10-16 00:00:00

In a pleasant surprise, 17-year-old Malala Yousafzai and 60-year-old Kailash Satyarthi have stolen the limelight by jointly winning the Nobel Peace Prize 2014 for their courageous fight for child rights. Malala started to speak out for girls' rights at the...

Stocks return to green

FE Online Report | 2014-10-15 00:00:00

Stocks returned to the green territory on Wednesday after two sessions’ mild correction as investors remained optimistic about the future market’s outlook. The market opened with a positive trend and continued till the market closure amid modest volatility. DSEX, the...

DSE, CSE open positive

FE Online Report | 2014-10-15 00:00:00

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

BGMEA seeks losing, closed SoEs to relocate garment factories

Syful Islam | 2014-10-15 00:00:00

Garment makers are making a strong plea for giving them closed and loss-incurring state-owned enterprises (SoEs) to relocate their factories by creating small-sized apparel zones. Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in a recent letter to the ministry of...

Falling revenue prompts BTCL to modernise city land phones

Badrul Ahsan | 2014-10-15 00:00:00

The government has started replacing the existing fixed telephones of Dhaka city with modern ones in order to keep revenue from falling, officials said. Under the initiative, the Bangladesh Telecommu-nications Company Ltd (BTCL) has started replacing 0.11 million fixed phones...

6 more audit firms under ICAB scrutiny for alleged misconduct

Mohammad Ali | 2014-10-15 00:00:00

At least half a dozen more audit firms are under scrutiny of the Institute of Chartered Accountants of Bangladesh (ICAB) for alleged professional misconduct relating to certifying the financial statements, officials said. The probe into the allegations against the audit...

Malaysian \\\'second home\\\' beckons the world

Abu Afsarul Haider | 2014-10-15 00:00:00

Malaysian High Commissioner in Dhaka Norlin Othman has recently said that Bangladesh is among the top three countries eligible to avail itself of the "Malaysia my second home (MM2H)" programme. As many as 2,923 Bangladeshis have so far taken the...

Stagnation in investment

Syed Jamaluddin | 2014-10-15 00:00:00

Stagnation in investment is lingering. Interest rates of banks have been reduced. There are investible surplus funds in banks. Even then entrepreneurs are not showing any interest in investment. They are not approaching banks for funds for setting up new...

Diversification of jute products: Opportunities and challenges

Helal Uddin Ahmed | 2014-10-15 00:00:00

The contribution of labour-intensive jute sector is enormous in the economy of Bangladesh. About half of the raw jute produced in Bangladesh are used by the existing 148 jute mills of the country (Bangladesh Economic Association, 2012). After India, Bangladesh...

Oil falls on Kuwait, Saudi signals, but Chinese data lends support

Florence Tan and Meeyoung Cho of Reuters in Singapore/Seoul | 2014-10-15 00:00:00

Global oil futures lost more than a dollar on Monday after Saudi Arabia and Kuwait signalled a willingness to bear with lower prices to defend market share, although better-than-expected trade data from China pared the losses. Contrary to market expectations,...

Modi seeks to revive India\\\'s \\\"zombie factories\\\", not abandon them

Andrew MacAskill and Manoj Kumar of Reuters in Kanpur (India) | 2014-10-15 00:00:00

At British India Corporation's textile factory in Kanpur, four men sit in a control room watching computerised gauges eight hours a day. When they are done, another group takes over, and then another, for 24 hours a day - much...

More Bangladeshis found in Thailand on human trafficking route

Andrew RC Marshall and Panarat Thepgumpanat of Reuters in Bangkok | 2014-10-15 00:00:00

Thai police found scores of sick and exhausted boat people hiding on a remote island on Monday, and all but one of the 79 suspected human-trafficking victims were from Bangladesh, according to local officials. The discovery brings to more than...

Stocks slip for second day amid choppy trading

FE Online Report | 2014-10-14 00:00:00

Stocks slipped for the second session in a row on Tuesday amid choppy trading as late hours profit-taking sale wiped-out early gain. DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down by 16.63 points or 0.31 per...

DSE, CSE advance

FE Online Report | 2014-10-14 00:00:00

The prices of most of the shares at the country's twin-bourse – the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) – witnessed positive trend in the early hours of trading on Tuesday, the third session of the...