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BD bids for prospects in BRICS nations to boost apparel export

Syful Islam | 2014-09-06 00:00:00

Bangladesh now looks to BRICS nations to further boost apparel export through exploring the new markets in the emerging bloc cutting across continents, official sources said. Dhaka has agreed in principle to be member of BRICS-Brazil, Russia, India, China and...

How to become a quality brand

Akkasha Sultan Shaikh | 2014-09-06 00:00:00

Apple, Google and Coca Cola are three different brands. But they are united by one important factor: they were placed first, second and third in the Best Global Brand listing for 2013. These are organisations with good brand equity. Companies...

Mopping up more tax revenue

Malik Muntasir Reza | 2014-09-06 00:00:00

The National Board of Revenue (NBR) deserves thanks for taking initiatives to reduce harassment by tax officials. But, such steps should not be kept within the regime of papers/documents only. We, the people of all walks of life, feel that...

Islamic banking: Sharing risk for caring society

Md Nurul Islam Sohel | 2014-09-06 00:00:00

The only certainty in this world is 'uncertainty.' Risk is an integral part of our daily life, which can't be avoided fully but can be minimized and shared. To have a harmonious society, people with sharing and caring minds is...

National Professor Dr Muhammad Ibrahim: A missionary, a visionary

Muhammad Abdul Mazid | 2014-09-06 00:00:00

Dr Mohammad Ibrahim was the founder of the Diabetic Association in Dhaka (1956) and in Karachi and Lahore, West Pakistan (1964). He first thought of diabetic care in the country. He realized that diabetes, a silent killer non-communicable disease, is...

Human qualities losing out to technology

Nilratan Halder | 2014-09-06 00:00:00

In this age of technological advancement, human qualities once prized highly are fast losing their grounds. Even the capacity for face-to-face personal communication is getting hampered by excessive honing the skills of modern gadgets like computer and smart phones. A...

Tender in Nov for MRT in city under $2.7b project

Munima Sultana | 2014-09-05 00:00:00

The first tender will be floated in November to build a depot at Uttara in the city under the US$ 2.7 billion Mass Rapid Transit (MRT) project, officials said. As per the tentative schedule, Dhaka MRT Development (DMRTD) project authorities...

Financial reporting law being final sans consulting stakeholders

Mohammad Mufazzal | 2014-09-05 00:00:00

Stakeholders, including the securities regulator, expressed their concern as they are still in the dark about the content of the draft Financial Reporting Act (FRA). The draft is already being vetted in the law ministry for shaping it into law....

BTCL to develop countrywide broadband wireless access network

Khairul Islam | 2014-09-05 00:00:00

The state-owned telephony firm will develop a broadband wireless access network across the country soon with Korean help to provide uninterrupted upgraded services to its clients, officials said. They said the Bangladesh Telecommunications Company Limited (BTCL) in cooperation with Korean...

JS to pass Hotel & Restaurant Act soon

Talha Bin Habib | 2014-09-05 00:00:00

The Bangladesh Hotel and Restaurant Act 2014 is set to be passed in the Jatiyo Sangsad (JS) soon with some new provisions. These include empowering the DCs as the registrar for hotels and restaurants, and stipulating timeframe for starting business...

Obama will \\\'degrade and destroy\\\' Islamic State

Balazs Koranyi and David Mardiste of Reuters from Tallinn | 2014-09-05 00:00:00

The United States plans to fight Islamic State until it is no longer a force in the Middle East and will seek justice for the killing of American journalist Steven Sotloff, President Barack Obama said on Wednesday. He added that...

Role of holistic approach in youth health promotion

S. M. Rayhanul Islam reviewing the work | 2014-09-05 00:00:00

According to World Health Organization (WHO), health is a state of complete wellbeing --- physical, social, mental and spiritual. It is not just the mere absence of diseases. And young people's health is often complex, and it requires a holistic...

Quality education behind knowledge economy

Nilratan Halder | 2014-09-05 00:00:00

Bangladesh's poor ranking in the indexes of knowledge economy, innovation, education and ICT (information and communication technology), as measured by a study of the Asian Development Bank (ADB), in the Asia-Pacific region has come as a rude shock to the...

Riverbank erosion—a silent tsunami

Alamgir Hossain | 2014-09-05 00:00:00

Every year many districts of Bangladesh witness flooding as the water levels in important rivers cross their danger marks at several points. It is almost an annual phenomenon in the country crisscrossed by scores of big and small rivers. In...

Dhaka stocks inch up, CSE closes lower

FE Online Report | 2014-09-04 00:00:00

Dhaka stocks closed higher for the fourth consecutive session on Thursday with turnover improved slightly as investors followed cautious stance. DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,642.37 points, gaining 9.91 points or 0.21 per...

DSE up, CSE down at opening

FE Online Report | 2014-09-04 00:00:00

The Dhaka Stock Exchange (DSE) witnessed positive trend while the Chittagong Stock Exchange (CSE) saw negative trend amid see-saw in early hours of trading on Thursday, the last trading session of the week. DSEX, the prime index of the DSE,...

Trade unionism and Export Processing Zones

Maswood Alam Khan from Maryland, USA | 2014-09-04 00:00:00

A few days back, as has been reported in the news media, a Japanese investor in Chittagong Export Processing Zone (CEPZ), preferring to remain anonymous, said: "We are worried about protecting our investment as Bangladesh government has agreed to amend...

Repatriation of sale proceeds

Md Mominul Hoque | 2014-09-04 00:00:00

The decision of the Bangladesh Bank (BB) regarding repatriation of sale proceeds of non-resident owned equity in unlisted companies deserves appreciation. By adopting globally-recognised price determination methods, it will end the long-standing debate of imposing undue ceiling of repatriating sale...

Diversifying investments in Bangladesh context

M Jalal Hussain | 2014-09-04 00:00:00

The scientifically and technologically developed world is expanding very fast, being aided by the globalised nature of industries, trade and commerce. In the present hyper-competitive world, no country can thrive without sustainable investment growth. Investment in multi-dimensional areas is the...

Govt revenue from stock trading hits 13-month high

Babul Barman | 2014-09-04 00:00:00

The government received Tk 126.58 million in tax from stock trading in August this year from Dhaka Stock Exchange (DSE), the highest in last 13 months since July 2013. In July 2013, the government bagged Tk 153.02 million in tax...

BJMC mills fail to buy raw jute for fund crisis

Rezaul Karim | 2014-09-04 00:00:00

The raw jute procurement activities of different mills under Bangladesh Jute Mills Corporation (BJMC) have come to a halt mainly due to shortage of necessary fund, officials have said. The government released Tk 10 billion to the BJMC for the...

Violent Japanese anti-war film is a contender at Venice festival

Michael Roddy of Reuters from Venice | 2014-09-04 00:00:00

One of the most powerful and violent films to be shown at the Venice Film Festival this year, Japanese director Shinya Tsukamoto's "Nobi" (Fires on the Plain), delivers a stinging anti-war message bathed in blood. A remake of a 1959...

Iran says possible response to new US sanctions could not be \\\'pleasant\\\'

Michelle Moghtader of Reuters from Tehran | 2014-09-04 00:00:00

Iran's possible response to new US sanctions could "not be pleasant", its foreign minister said last week, raising the prospect of tit-for-tat retribution against the Islamic Republic's old adversary weeks ahead of fresh nuclear talks. Iranian leaders reacted with dismay...

Pakistan\\\'s promises to IMF in doubt as protests sap economy

Mehreen Zahra-Malik of Reuters from Islamabad | 2014-09-04 00:00:00

Anti-government protests that have gripped Islamabad since mid-August could throw off course economic reforms Pakistan promised to deliver in return for an IMF bailout, senior officials said, raising the risk of a sovereign rating downgrade. The International Monetary Fund (IMF)...

Detained Americans in N Korea appeal for US help

James Pearson and Alina Selyukh of Reuters | 2014-09-04 00:00:00

Three American citizens detained in North Korea appealed on Monday to the U.S government for help returning home, speaking in rare interviews set up by the North Korean government. The three men, one serving a 15-year sentence and two awaiting...

Ukraine rebels poised to recapture Donetsk airport

Robin Emmott and Gabriela Baczynska of Reuters | 2014-09-04 00:00:00

EU officials proposed sanctions this week to starve Russian firms of cash as punishment for Moscow's role in Ukraine, where rebels said they were storming Donetsk airport, potentially their biggest prize since turning the war's tide last week. Western countries...

Stocks close higher for third day

FE Online Report | 2014-09-03 00:00:00

Stocks ended higher for the third running session on Wednesday with turnover remained unchanged as investors' buying spree continued on large cap stocks. The market opened with a positive note and the key index of the major bourse gained 47...

DSE, CSE stocky at opening

FE Online Report | 2014-09-03 00:00:00

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed upward trend in early hours of trading on Wednesday, the 4th session of the week. DSEX, the prime index of the DSE, went up by 42.92 points or...

Fitch\\\'s sweet and sour observations

Shamsul Huq Zahid | 2014-09-03 00:00:00

The international rating agency, the Fitch Ratings, has for the first time assigned international ratings to the Bangladesh sovereign. It has assigned 'BB-'for long-term and 'B' for short-term foreign and local currency issuer default ratings (IDRs). The ratings do serve...

NBR turns down BTRC plea for tax waiver

Doulot Akter Mala | 2014-09-03 00:00:00

The National Board of Revenue (NBR) has turned down the BTRC plea for exempting it from payment of income tax on its annual income, as all state entities are on the tax-net now. If tax waiver is not allowed, the...