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Bitcoin thrives under weak governance

Maswood Alam Khan from Maryland, USA | 2014-09-23 00:00:00

Money, as an economist says, is anything that must serve three main functions. Number one: It has to be a "medium of exchange", which can reliably be swapped for goods and services. Number two: It should be a "stable store...

Global engagement for economic growth

Jahangir Bin Alam | 2014-09-23 00:00:00

In the prevailing world scenario, global economic engagement for an economy -- be it developed, developing or underdeveloped -- is critical for its growth and sustainability. Such engagements could be pursued both by the governments and private entrepreneurs depending on...

Focus on quality education

Abdul Bayes | 2014-09-23 00:00:00

We are perhaps duly recognised for increasing rate of enrolment of students at primary and secondary levels, especially of girls. The reasons are possibly not far to seek: at the initial stage of development of any country, quantity counts more...

Beijing demonstrates growing interest in the region

Zaglul Ahmed Chowdhury | 2014-09-23 00:00:00

China's president Xi Jinping's recent South Asian swing was aimed at strengthening ties with the regional nations. It was also meant to reduce tensions with India. The two powerful neighbours are at loggerheads on the issue of border demarcation despite...

Stocks close higher for 5th day

FE Online Report | 2014-09-22 00:00:00

Stocks closed higher for the fifth straight session on Monday as investors' buying mood continued amid countrywide shutdown enforced by BNP. DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up by 11.28 points or 0.22 per cent...

Stocks mixed amid strike

FE Online Report | 2014-09-22 00:00:00

Dhaka Stock Exchange (DSE) witnessed negative trend and Chittagong Stock Exchange (CSE) positive in early hours of trading at the country’s two bourses amid nationwide hartal (shutdown) on Monday, the 2nd session of the week. DSEX, the prime index of...

BB opens account for use of excess funds

Siddique Islam | 2014-09-22 00:00:00

The central bank has opened an account for introducing a refinancing scheme exclusively for Sharia-based banks and non-banking financial institutions (NBFIs) to utilise a glut of around Tk 25 billion lying with them in excess funds. Officials said under the...

Experts for OTC list to curb random sale, use of drugs

Shamsul Huda | 2014-09-22 00:00:00

Pharmaceutical products worth more than Tk 20 billion are being sold in the local market a year though there is no specific list of over-the-counter (OTC) and prescribed drugs. Experts said buying and using of drugs without prescriptions is putting...

Tanners seek Tk 100b soft loans

Rezaul Karim | 2014-09-22 00:00:00

Tanners have sought Tk 100 billion from the commercial banks in soft loan to establish international-standard tanneries in the industrial hub being built for them at Savar, industry insiders said. Besides, the traders concerned have also demanded 12 years' tax...

DSE to launch ETF by December

Mohammad Mufazzal | 2014-09-22 00:00:00

Dhaka Stock Exchange (DSE) has taken initiatives to issue Exchange Traded Fund (ETF), by December this year, officials said. ETF is similar to an open-end mutual fund (MF). The move of the premier bourse comes as part of its initiatives...

Impact journalism

Neil Ray | 2014-09-22 00:00:00

The concept of what is called impact journalism is yet to make much headway let alone plan for proper celebration of the Impact Journalism Day. Yet the day was observed in at least 40 countries with one of the leading...

Chittagong port: Gains under threat?

Shamsul Huq Zahid | 2014-09-22 00:00:00

The immediate economic goal of the policymakers seems to be putting the country on a higher growth trajectory and thus help it reach the status of a middle income country (MIC). The objective of the policymakers, undoubtedly, is a pious...

Strom over AK Khandker\\\'s book

M. Serajul Islam, who worked with AK Khandker for five years in Bangladesh missions abroad | 2014-09-22 00:00:00

A K Khandker (AKK) has enflamed the political platform with his book 1971 Bhetoray Bairay. The book has also brought the former Deputy Chief of the Mukti Bahini bagful of abuses and insults. The ruling party supporters have condemned him...

Hyundai directors kept in dark on size of $10b land bid

Hyunjoo Jin of Reuters in Seoul | 2014-09-22 00:00:00

Hyundai Motor and two listed affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told...

Iran has a role to play in tackling IS, says US

Michelle Nichols and Louis Charbonneau of Reuters in United Nations | 2014-09-22 00:00:00

US Secretary of State John Kerry said last week that Iran had a role to play in a global coalition to tackle Islamic State militants who have seized swaths of Iraq and Syria and proclaimed a caliphate in the heart...

DSEX crosses 4,900-mark

FE Online Report | 2014-09-21 00:00:00

Stocks witnessed another bull run on Sunday with key index of the major bourse crossing 4,900 points mark as investors' buying mood continued. The market started with a positive, note defying the countrywide hartal enforced by Bangladesh Jamaat-e-Islami and remained...

DSE, CSE open positive

FE Online Report | 2014-09-21 00:00:00

The prices of most of the shares at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) saw positive trend in early hours of trading on Sunday, the first session of the week. DSEX, the prime index of the DSE,...

Significance of UNGA session under spotlight

Zaglul Ahmed Chowdhury | 2014-09-21 00:00:00

The United Nations General Assembly (UNGA) session is an annual ritualistic exercise that draws world leaders to the global body in the second half of September for discussions on political, economic, social and other matters of importance to mankind. But,...

Tax fairs draw large crowds of taxpayers

Doulot Akter Mala | 2014-09-21 00:00:00

The ongoing tax fairs have been able to attract a substantial number of taxpayers, especially the marginal ones. Taxpayers have found a systematic arrangement and hassle-free environment at the fairs for payment of taxes. Most of the visitors availing voluntary...

HC asks government to stop hill cutting

Khalilur Rahman | 2014-09-21 00:00:00

The High Court (HC) issued an order last week asking the government to stop cutting and destroying hills at Jhilonza Mouza in Cox's Bazar with immediate effect. Upon a petition filed by the Bangladesh Environmental Lawyers' Association (BELA), the HC...

600 local, int\\\'l syndicates active on sea route

Shah Alam Nur | 2014-09-21 00:00:00

Some 600 local and international syndicates are active in human trafficking to Malaysia and Thailand through the sea route putting lives of hundreds of Bangladeshi citizens in peril, intelligence officials said. The Special Branch (SB) of police has recently traced...

Treating Ebola as a global threat

Shariful Islam | 2014-09-21 00:00:00

What would the international response have been had North America or Europe or East Asia, instead of West Africa, been affected by Ebola virus? Even though enjoying sound health and having access to health care during sickness are basic human...

United Kingdom remains united

Maswood Alam Khan from Maryland, USA | 2014-09-21 00:00:00

Scotland has voted "No" to independence from the United Kingdom. With the results available from all the 32 council areas, the "No" side has won 2,001,926 votes and "Yes" side 1,617,989 votes. Scotland rejected independence by 55 per cent to...

The cottage industry losing momentum

Sarwar Md Saifullah Khaled | 2014-09-21 00:00:00

If one visits slums in Dhaka, one will find talented craftsmen like weavers and potters. They are now day-labourers or beggars. These people had been in their ancestral professions upholding the thousand-year-old tradition. But plastic and aluminium products have now...

Banks and CSR: Bringing more discipline and rigour

Hasnat Abdul Hye | 2014-09-21 00:00:00

There is a sudden furore over corporate social responsibility (CSR) acquitted by commercial banks in the country. A war of words broke out recently between the finance minister and the chairman of a public sector commercial bank over the issue....

Some misconceptions about Communicative Language Teaching

Masum Billah | 2014-09-21 00:00:00

Why should we have proper and clear idea about Communicative Language Teaching (CLT)? It is simply because of CLT in our national English curriculum. Thousands of students and guardians are directly influenced by CLT. It was introduced in our national...

Mexico gets first bid for $10b national mobile network

Christine Murray and Leila Abboud of Reuters in Mexico City/Paris | 2014-09-21 00:00:00

Mexico has received its first bid from a consortium to build a $10 billion state-owned mobile network, a linchpin of efforts to break the hold of Carlos Slim's America Movil on telecom services. Telecom equipment makers Alcatel-Lucent and Ericsson helped...

Iran moving to comply with extended nuclear deal with powers: IAEA

Fredrik Dahl of Reuters in Vienna | 2014-09-21 00:00:00

Iran is taking further action to comply with the terms of an extended interim agreement with six world powers over its disputed atomic activities, a UN nuclear watchdog report obtained by Reuters last week showed. The findings in a monthly...

China joins nations eyeing India\\\'s civil nuclear sector

Krista Mahr of Reuters in New Delhi | 2014-09-21 00:00:00

China became the latest nation to line up for a stake in India's civil nuclear energy drive last week, agreeing to open talks on cooperation in a sector that New Delhi sees as the solution to its chronic power problems....

France expanding US-led drive against Islamic State

Oliver Holmes and Alexandria Sage of Reuters from Baghdad/Paris | 2014-09-21 00:00:00

French jets struck a suspected Islamic State target in Iraq for the first time on last week, expanding a US-led military campaign against militants who have seized a third of the country and also control large parts of neighboring Syria....