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Pakistan suffers as political crisis continues

Zaglul Ahmed Chowdhury | 2014-09-17 00:00:00

No immediate settlement of the crisis in Pakistan centring the month-old sit-in demonstrations in Islamabad at the call of Imran Khan's Pakistan Tehreek-i-insaf (PTI) party and Tahirul Qadri's Pakistan Awami Tehreek (PAT) party seems to be in sight. The arrest...

Iran nuclear bomb probe will not be endless: IAEA

Fredrik Dahl of Reuters in Vienna | 2014-09-17 00:00:00

A UN nuclear agency investigation into suspected atomic bomb research by Iran will not be an "endless process", its chief said on Monday, pressuring Tehran to step up cooperation with the long-stalled probe. Three weeks after Iran failed to meet...

India tightens Vietnam defence, oil ties ahead of Xi\\\'s visit

Frank Jack Daniel of Reuters in New Delhi | 2014-09-17 00:00:00

India extended a $100 million export credit to Vietnam for defence deals and tightened energy ties on Monday, signaling a more confident foreign policy ahead of a visit this week by China's President Xi Jinping. India's new accords with one...

Stocks end higher amid high turnover

FE Online Report | 2014-09-16 00:00:00

Bourses witnessed steep gain on Tuesday, a day after modest correction with turnover improving significantly as investors went for buying spree on large cap stocks. The market started with an upbeat note which continued till the end of the session....

DSE, CSE open positive

FE Online Report | 2014-09-16 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 Tuesday, the third session of the week. DSEX, the prime index of the DSE,...

IFC offers advisory support for building deep-sea port

Syful Islam | 2014-09-16 00:00:00

The International Finance Corporation (IFC) has expressed interest to provide advisory support to Bangladesh in building a deep-sea port in Sonadia of Cox's Bazar district, sources said. Recently, IFC, the private sector financing arm of the World Bank, has submitted...

Sharecroppers\\\' delight

Abdul Bayes | 2014-09-16 00:00:00

The Research and Evaluation Division (RED) of the BRAC has recently produced a working paper on rural credit market, authored by Mahabub Hossain, Mohammad Abdul Malek and Narayan Chandra Das. The working paper is apparently a thoughtful presentation of the...

No more tax sop for cos owning fish farms

Doulot Akter Mala | 2014-09-16 00:00:00

The government has lifted special tax benefit on income of fish farms after it observed wide-ranging irregularities in getting the facility. The National Board of Revenue (NBR) imposed Monday tax at a regular rate of 35 per cent on the...

Govt plans to waive VAT for goods of EZs

Rezaul Karim | 2014-09-16 00:00:00

The government plans to put on the offer a bundle of incentives to lure foreign investors into the economic zones (EZs), officials said. Both the developers to be engaged in developing the special economic zones and the investors would be...

N Korea sentences US citizen to six years hard labour

James Pearson of Reuters in Seoul | 2014-09-16 00:00:00

North Korea sentenced US citizen Matthew Todd Miller to six years hard labour for committing "hostile acts" as a tourist to the country, a statement carried by state media said last week, as the United States requested his immediate pardon...

US sees Middle East help fighting IS

Will Dunham and Andrew Osborn of Reuters in Washington/London | 2014-09-16 00:00:00

Washington said countries in the Middle East had offered to join air strikes against Islamic State militants and Australia said it would send troops, but Britain held back even after the group beheaded a British hostage and threatened to kill...

Both DSE, CSE up at opening

FE Online Report | 2014-09-15 00:00:00

The process of most of the share at the country's twin bourse – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – rose in the early hours of trading on Monday, the 2nd session of the week. The DSE’s...

NBR plans to enforce new customs act from fiscal \\\'17

Doulot Akter Mala | 2014-09-15 00:00:00

The National Board of Revenue (NBR) is set to enforce a new 'simplified and business-friendly' customs act, replacing the existing one, from July 1, 2016. Draft of the new Customs Act-2014 is set to be placed before the Cabinet today...

Projecting the right image

TIM Nurul Kabir in the third of a four-part article titled \'Emerging economy of Bangladesh\' | 2014-09-15 00:00:00

The way a country is perceived by international public opinion makes a critical difference to the success of its business and trade efforts, and also its diplomatic and cultural relations with other countries.  Bangladesh is a country full of potential,...

The art of investing in stock market

Md Jamal Hossain | 2014-09-15 00:00:00

The great economist and Nobel laureate in Economics, Paul Samuelson once said: "Investment should be more like watching paint to dry or watching grass to grow. If you want excitement, take $800 and go to Las Vegas." This statement contains...

Bomb attack on teachers\\\' bus

Neil Ray | 2014-09-15 00:00:00

At a time when Chittagong University (CU) was giving the impression that it has almost come out of the long shadow of political vendetta, the violence unleashed on a bus carrying its teachers shatters any such belief. Accusing fingers have...

Bubble burst in housing sector?

Shamsul Huq Zahid | 2014-09-15 00:00:00

Did Bangladesh ever witness a housing bubble? Officially, there has not been anything called housing bubble in this country. Detection of a housing bubble, however, is very difficult since the formation of the bubble is usually a slow and lengthy...

Govt examining reasons behind export fall in to India last fiscal

Syful Islam | 2014-09-15 00:00:00

The government is examining the reasons behind significant fall of export to India in last fiscal year though Bangladesh has been enjoying duty free market access there, official sources said. The ministry of commerce (MoC) has started working on identifying...

Iraq to protect civilians after US air strikes against IS

Oliver Holmes and Jason Szep of Reuters in Baghdad/Cairo | 2014-09-15 00:00:00

Iraq's Shi'ite Prime Minister Haider al-Abadi said last week that he had ordered his air force to halt strikes on civilian areas, following attacks by both Iraqi and U.S. jets in large areas of the country held by Islamic State...

Tense stand-off in Pakistani capital as political crisis deepens

Syed Raza Hassan and Maria Golovnina of Reuters in Islamabad | 2014-09-15 00:00:00

Pakistan's opposition leaders ordered thousands of their supporters last week to resist any government attempt to quash their protests against Prime Minister Nawaz Sharif, deepening a political crisis in the coup-prone nation. A court in the capital earlier ordered that...

India\\\'s love affair with gold may be over as prices slide

Rajendra Jadhav and Indulal PM of Reuters in Vangal | 2014-09-15 00:00:00

Kiran Laxman Salunkhe used to buy jewellery during religious festivals, but sliding gold prices have led the young farmer to break with his family's traditional investment. This year Salunkhe has deposited his hard-earned savings at the bank for the first...

Scientists \\\'reset\\\' stem cells to study start of human development

Kate Kelland of Reuters in London | 2014-09-15 00:00:00

British and Japanese scientists have managed to "reset" human stem cells to their earliest state, opening up a new realm of research into the start of human development and potentially life-saving regenerative medicines. In work described by one independent expert...

Scottish independence battle draws \\\'day of reckoning\\\' warning to business

Guy Faulconbridge and Alistair Smout of Reuters in Edinburgh | 2014-09-15 00:00:00

The battle over Scottish independence took a bitter turn on Saturday when a senior nationalist warned businesses such as BP that they could face punishment for voicing concern over the impact of secession. With the fate of the United Kingdom...

US steps up sanctions on Russia over Ukraine

Arshad Mohammed and Bill Trott of Reuters in Washington | 2014-09-15 00:00:00

The United States hit Russia's largest bank, a major arms maker and arctic, deepwater and shale exploration by its biggest oil companies with new sanctions last week to punish Moscow for intervening in Ukraine. The sanctions target companies including Sberbank,...

EU seeks billions of euros to revive economy

Robin Emmott and Jan Strupczewski of Reuters in Milan (Italy) | 2014-09-15 00:00:00

The European Union sought ways on Saturday to marshal billions of euros into its sluggish economy without getting deeper into debt, considering options from a pan-European capital market to a huge investment fund. With Europe's economy struggling to recover from...

DSE, CSE see upward trend

FE Online Report | 2014-09-14 00:00:00

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

How effective will be new US strategy to confront the IS ?

Zaglul Ahmed Chowdhury | 2014-09-14 00:00:00

While the United States president Barack Obama has vowed "relentless" air strikes against the Islamic State militants in Iraq and Syria, some nations including the powerful Russia have reacted adversely. They said the decision to bomb inside Syria violates international...

Dependency on outsourcing RMG export reduced by 60pc in 30 yrs

Shamsul Huda | 2014-09-14 00:00:00

Buying house dependency on outsourcing readymade garment export orders has been reduced by more than 60 per cent over the last three decades, BGMEA sources said. Skilled human resources, better production, forward linkages, own fashion and designing technology and offshore...

Beware of fattened cattle meat

Khalilur Rahman | 2014-09-14 00:00:00

Consumption of fattened cattle meat exposes public health to serious hazards. Poribesh Bachao Andolon (POBA), a rights organisation, warned people last week that vital organs of a human body would suffer permanent damage if a person eats meat of animals...

Probe panel fails to meet in 2 weeks

Talha Bin Habib | 2014-09-14 00:00:00

A committee tasked to recommend ways of ensuring launch passengers' safety failed to start work even after a fortnight of its formation, sources said, in a repeat of how grim waterway tragedies sink into oblivion.     A launch, MV Pinak-6, sank...