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Lending rates on call-money mkt rise

Siddique Islam | 2014-09-29 00:00:00

Inter-bank call-money rates moved up modestly Sunday following higher withdrawal of cash from the banks ahead of the twin festivals of Eid-ul-Azha and Durga Puja, official sources said. The rates of interest on inter-bank borrowings ranged between 5.75 per cent...

Rohingyas could face detention under Myanmar draft plan

Jared Ferrie and Thin Lei Win of Reuters | 2014-09-29 00:00:00

Myanmar's national government has drafted a plan that will give around a million members of the persecuted Rohingya Muslim ethnic minority a bleak choice: accept ethnic reclassification and the prospect of citizenship, or be detained. Most of Myanmar's 1.1 million...

India regains \\\'stable\\\' outlook from S&P on Modi reform agenda

Rafael Nam of Reuters in Mumbai | 2014-09-29 00:00:00

India regained its "stable" rating from Standard and Poor's on Friday, more than two years after an embarrassing downgrade, in a validation of Prime Minister Narendra Modi's ambitious agenda of economic and fiscal reforms. S&P had cut India's "BBB-minus" rating...

India regains \\\'stable\\\' outlook from S&P on Modi reform agenda

Rafael Nam of Reuters in Mumbai | 2014-09-29 00:00:00

India regained its "stable" rating from Standard and Poor's on Friday, more than two years after an embarrassing downgrade, in a validation of Prime Minister Narendra Modi's ambitious agenda of economic and fiscal reforms. S&P had cut India's "BBB-minus" rating...

Stocks extend gaining streak for 9th day

FE Online Report | 2014-09-28 00:00:00

Stocks extended the gaining streak for the ninth session on Sunday riding on investors’ continued buying spree.The market opened on an upbeat mood which continued throughout the session. At the end of the session, DSEX went up by 45.27 points...

DSE, CSE see sharp rise at opening

FE Online Report | 2014-09-28 00:00:00

The prices of most of the shares at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) saw sharp rise in early hours of trading on Sunday. DSEX, the prime index of the DSE, went up by 61.86 points or...

Myanmar\\\'s welcome gesture to displaced Muslims: Much more needs to be done

Zaglul Ahmed Chowdhury | 2014-09-28 00:00:00

The government of Myanmar has given citizenship to 209 of the Muslims displaced by sectarian violence, in what is seen as a good gesture to the minority community. It's a welcome beginning that needs to be followed through.    Driven out...

Many RMG factories found in default

Shah Alam Nur | 2014-09-28 00:00:00

More than one-third of the readymade garment (RMG) factories in the country are yet to give group insurance coverage (GIC) to their workers, in what amounts to noncompliance with the labour laws. Industry-insiders fear such default issue on the part...

Relocating Hazaribagh tanneries

Khalilur Rahman | 2014-09-28 00:00:00

Green activists urged the government last week to realise an amount of Taka 25.29 billion as compensation from the owners of tanneries in Hazaribagh area for polluting Dhaka city's lifeline-the Buriganga. The Poribesh Bachao Andolon (POBA) put forward the demand...

Living with toxic fruits

Tarequl Islam Munna | 2014-09-28 00:00:00

Food poisoning has become a serious problem in Bangladesh. Toxic chemicals that cause serious public health hazards are present alarmingly in almost all fruits available in the market. Formalin (formaldehyde), the toxic chemical used in labs and at morgues of...

Indo-Bangla relations - an analysis

M. Serajul Islam | 2014-09-28 00:00:00

The Awami League (AL)-led government is in a spin mode with a flurry of foreign affairs initiatives. The Prime Minister took two major visits to Japan and China and then the Japanese Prime Minister came to Dhaka. In this spin...

The conundrum surrounding state-owned banks

Syed Ashraf Ali | 2014-09-28 00:00:00

The words 'mismanagement', 'scandals', 'scams' and lately 'trading of blames' have long been synonymous with the state-owned banks (SoBs). The phenomenon can well be traced to early seventies but reached menacing proportions in the eighties, especially during the regime of...

BTMA missing most of demand required for RMG export

Shamsul Huda | 2014-09-28 00:00:00

The textile millers say despite an increased production volume they are still missing the major percentage of woven fabrics demand required for readymade garments (RMG) export. Industry owners say it is possible to increase the current share from 40 per...

Licences of 54 MFIs scrapped

Rezaul Karim | 2014-09-28 00:00:00

The Microcredit Regulatory Authority (MRA) has scrapped licences of 54 microfinance institutions (MFIs) during the period from early 2012 to July 17 last because of their inability of operation and non-compliance with related rules and regulations, according to the MRA...

Lower cattle supply set to push up raw hide prices

Ismail Hossain | 2014-09-28 00:00:00

Tanners foresee a hike in the prices of rawhides and skins this year for reasons that include lower influx of sacrificial animals and higher demand of made-in-Bangladesh leather products on the international market.    Increasing prices of rawhides and skins on...

Tourism sector expects brisk business during Eid, Puja holidays

Badrul Ahsan | 2014-09-28 00:00:00

Country's tourism industry is expected to do brisk business during the ensuing Durga Puja and Eid holidays. Political stability and longest holiday appeared as a relief to the sector, which was hit hard last year due to political turmoil, sector...

Consultants now at a loss over Dhaka-Ctg expressway route

Munima Sultana | 2014-09-27 00:00:00

Consultants are now facing difficulties in finding the best possible route for the Dhaka-Chittagong Expressway out of the government's three proposed options. The consultants have recommended conducting a study with another option. They are also facing a challenge to make...

Dhaka attends consultation meet on proposed AIIB

Rezaul Karim | 2014-09-27 00:00:00

The process of Bangladesh joining the proposed Asian Infrastructure Investment Bank (AIIB) as a founder-member has got under way, officials said. A three-day multilateral consultation meeting began in Beijing on Friday on the founding of the bank, with representation from...

DU mulling relaxing English department admission criteria

Khairul Islam | 2014-09-27 00:00:00

The Dhaka University (DU) authority is considering relaxing the existing terms and conditions for admission eligibility at its English department as almost cent per cent students failed to obtain required scores. According to the admission circular, to study in this...

Community development through tourism

Mohammad Shahidul Islam | 2014-09-27 00:00:00

The World Travel and Tourism Council (WTTC) reported in 2013 that the travel and tourism industry in Bangladesh directly generated 1,281,500 jobs in 2012 or 1.8 per cent of the country's total employment, which put Bangladesh at 157 out of...

Instability and quest for middle-income status

Abu Afsarul Haider | 2014-09-27 00:00:00

Just when we are about to recover from the trauma of pre-election violence over January 5, 2014 and the country's economy was gradually moving towards the right direction, the BNP-led alliance called a 12-hour shutdown across the country on September...

Investment lax and the looming crisis

Saleh Akram | 2014-09-27 00:00:00

Ever since the Finance Minister presented the hefty budget for the financial year 2014-15, the country's media has been overflowing with comments and analyses from all conceivable quarters. Economists and experts from the financial sector are leading the show. Businessmen...

Cattle markets to be under veterinary physicians\\\' scanner

Talha Bin Habib | 2014-09-27 00:00:00

The government would deploy veterinary surgeons  at cattle markets in the capital to provide medical services to sacrificial animals and help check sale of artificially fattened cattle that are harmful to human health, officials said.     A section of unscrupulous traders/farmers...

Eid, Puja help boost home appliances sales

Badrul Ahsan | 2014-09-27 00:00:00

Sales of different types of electrical and electronic home appliances, especially refrigerator and pressure cooker have shot up significantly ahead of the Eid-ul Azha and Puja, shopkeepers said. They said sales of these items witnessed a sharp increase over the...

Continued bullish run attracts global fund managers

Babul Barman | 2014-09-27 00:00:00

The bullish spell continued for four straight weeks on the Dhaka Stock Exchange (DSE) with its prime index crossing the 5,000-point-mark for the first time since inception in January 2103, powered by investors' buying spree. Market insiders attributed investors' growing...

Community involvement in tourism development

Ziaul Haque Howlader | 2014-09-27 00:00:00

One of the key issues of sustainable tourism development is community benefit. Without community benefit tourism can no way be sustainable. To make a project viable, involvement of local community in project planning, formulation and implementation is necessary. In the...

Bandarban: The sunny horizon of tourism

Syed Rashidul Hasan | 2014-09-27 00:00:00

Bandarban -- 'the roof of Bangladesh', as described by the Bangladesh Parjatan Corporation (the National Tourism Organization of Bangladesh), is a hidden paradise away from the hustle and bustle of our daily life. Bandarban is regarded as one of the...

Summer ends and fall begins

Maswood Alam Khan from Maryland, USA | 2014-09-27 00:00:00

Summer in most of the cities in America is what winter is like in Bangladesh. The average summer temperature in Maryland, where I live, is 72 degrees Fahrenheit, which is about 23 degrees Celsius --- the perfect temperature during winter...

Media must know where to stop

Nilratan Halder | 2014-09-27 00:00:00

The only son and daughter of a member of the journalist community hanged themselves recently. They lived with a single parent, their mother. Their father too is in the journalism profession and the couple had opted for a divorce. The...

Management disarray misdirects Dhaka-Ctg four-lane highway

Munima Sultana | 2014-09-26 00:00:00

Long eight years have elapsed since the start of Dhaka-Chittagong four-lane project and the latest timeline for completion of works is destined to fail for management disarray, sources concerned said.       Half the time -- four years, to be specific --...