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Eradication of corruption: Need for moral revolution

Md Jamal Hossain from Denver, USA | 2014-09-03 00:00:00

Corruption has turned out to be a permanent malady in our society. We, as both conscious and responsible citizens, are desperately looking for a way out of this chronic epidemic. When we talk about corruption, our fingers point to the...

Banking sector and inclusive development

Md. Abdul Halim | 2014-09-03 00:00:00

Nobel laureate Economist Kenneth Arrow gave a dynamic interpretation of increasing return by emphasising "Learning by Doing". Technological progress and human capital formation are endogenised within development trajectories. Investment in knowledge capital sustains long-run growth. Developing countries need to emphasise...

Ukraine crisis further worsens as Putin seeks statehood for eastern Ukraine

Zaglul Ahmed Chowdhury | 2014-09-03 00:00:00

The Ukraine crisis seems to have deteriorated further as Russian president Vladimir Putin has now asked for "statehood" for east Ukraine. While the west is condemning Moscow's increasing involvement in the affairs of Ukraine, Putin has raised the issue of...

Probashi Kalyan Bank to float shares in stock mkt

Badrul Ahsan | 2014-09-03 00:00:00

Probashi Kalyan Bank (PKB), the specialised state-owned bank for expatriates' welfare, has initiated a process of floating its share in the stock market for further expansion, sources said. According to the sources, the authority of the bank is at the...

Mixed reaction over charging of management fee by AMCs

Mohammad Mufazzal | 2014-09-03 00:00:00

Experts, asset management companies (AMCs), auditors and the securities regulator have expressed mixed opinion regarding charging of management fee of mutual funds (MFs) without performance or giving dividends to the unit- holders. Some of the AMCs said the management fee...

Online trading platforms grow fast to 2,000 for e-commerce

Shah Alam Nur | 2014-09-03 00:00:00

Online trading platforms have grown to more than 2,000 now to facilitate e-commerce as the concept of shopping without having to take the trouble of visiting a shop is getting popular fast in the country.          Sector-insiders say the concept of...

Pakistan govt considers decisive action against protesters

Mehreen Zahra-Malik of Reuters in Islamabad | 2014-09-03 00:00:00

Pakistan is preparing to launch a selective crackdown against anti-government protesters trying to bring down the government of Prime Minister Nawaz Sharif, the defence minister said, warning demonstrators against storming government buildings. Dashing chances of a peace deal between the...

As Islamic State fighters begin to blend in, defeating them no easy matter

Isabel Coles and Peter Apps of Reuters in London | 2014-09-03 00:00:00

After their lightning takeover in June, flag-waving Islamic State militants paraded through the captured Iraqi city of Mosul in looted US-built Humvees, armoured cars and pickup trucks mounted with heavy machine guns. Today, many have ditched military-type vehicles that could...

DSEX crosses 4,600-mark

FE Online Report | 2014-09-02 00:00:00

Stocks witnessed sharp gain on Tuesday with turnover improved slightly as investors went for buying spree on large cap stocks. DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,602.43 points, gaining 47.46 points or 1.04 per...

DSE, CSE see positive trend at opening

FE Online Report | 2014-09-02 00:00:00

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed positive trend in early hours of trading on Tuesday, the third session of the week. DSEX, the prime index of the DSE, went up by 32.06 points or...

Coordination keeps eluding DTCA

Munima Sultana | 2014-09-02 00:00:00

Dhaka Transport Coordination Authority (DTCA) is yet to ensure coordination among different agencies working in the transport sector. An expert and officials in the relevant field have listed the lack of coordination as a major reason for the city's traffic...

Of money and honey

Abdul Bayes | 2014-09-02 00:00:00

The name of the village is Modhurkhola (Place of Honey). It is under Dohar upazila -60 km south west of the capital city. The headmaster of the village high school said that the village was so named as fields filled...

Customs houses to get rid of middlemen

Doulot Akter Mala | 2014-09-02 00:00:00

The customs wing of the government's revenue board has decided to oust outsiders from all customs houses including those in Dhaka and Chittagong in a bid to ensure efficiency in the customs clearance procedures. The customs department will recruit new...

Incentives being finalised to help snare investors in EZs

Syful Islam | 2014-09-02 00:00:00

The government is set to offer a slew of incentives including tax holiday for economic zones (EZs) to foster investment in the country, which can spur higher economic growth, officials said. The planned incentives will be extended in the forms...

Stocks return to green

FE Online Report | 2014-09-01 00:00:00

Stocks closed slightly higher on Monday after two sessions' fall as investors took position on some selected stocks amid cautious stance. DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,554.97 points, gaining 5.45 points or 0.11...

DSE, CSE open positive

FE Online Report | 2014-09-01 00:00:00

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed positive trend in early hours of trading on Monday, the second session of the week. DSEX, the prime index of the DSE, went up by 15.96 points or...

Is monetary policy working?

M. A. Taslim | 2014-09-01 00:00:00

Recently a research institute assembled a bevy of economists for a discussion on the biannual publication of Bangladesh Bank (BB), Monetary Policy Statement July-December 2014. The discussion revealed that there were sharp differences of opinions on several issues. The economists...

BB relaxes rules to attract FDI

Siddique Islam | 2014-09-01 00:00:00

The central bank has relaxed foreign-exchange regulations on repatriation of sale proceeds from equity owned by non-residents in unlisted companies purchased by residents, as a measure to encourage foreign direct investment (FDI) in the country. Under the relaxed rules, the...

Junk jar water floods mkt

Shamsul Huda | 2014-09-01 00:00:00

Homes, hotels, restaurants and even wayside sherbet kiosks -- everywhere jar water is available nowadays as a safe drink. But question arose how safe it is.           Unauthorised drinking jar waters have flooded the market, putting public health at risk of...

Is monetary policy working?

M.A. Taslim concluding this economic analysis, in continuation of his write-up appearing on Page 1 & Page 7 of today’s issue of the FE | 2014-09-01 00:00:00

It was suggested at a recent meeting organised by a research institute that the low program growth rate of money does not indicate the true intention of Bangladesh Bank (BB). The decline in domestic credit must have convinced BB that...

Punishing the guilty and protecting the innocent

Maswood Alam Khan from Maryland, USA | 2014-09-01 00:00:00

There is a man or a woman not far from your home who is perhaps licking the edge of a knife, fondling with a loaded gun or planning a scheme to make you vanish into thin air. You may have...

When newborns are stolen from hospital

Neil Ray | 2014-09-01 00:00:00

It is great news that the newborn -one of a twin -stolen from Dhaka Medical College and Hospital (DMCH) has been rescued from the baby lifters a week later. When the mother had to leave the hospital with one of...

The missing \\\'quick-fire\\\' action

Shamsul Huq Zahid | 2014-09-01 00:00:00

An act that was enforced in 2010 to facilitate 'quick-fire' action in electricity generation is set to get yet another extension. The cabinet last week approved a draft bill that sought the extension of the Energy Quick Supply (Special Provision)...

Impeaching the judges: A few facts

M. Serajul Islam | 2014-09-01 00:00:00

The cabinet has set the ball rolling for another amendment to the Constitution - the 16th Amendment. It approved the draft of the proposed amendment in a cabinet meeting recently. Under the proposed amendment, parliament would regain its power to...

Automated issuance of GSP certificates from today

Badrul Ahsan | 2014-09-01 00:00:00

The Export Promotion Bureau (EPB) is set to introduce automated issuance of generalised system of preference (GSP) certificates from today (Monday) to check forgery in getting GSP facilities, sources said. The GSP automation software will connect National Board of Revenue...

BSEC seeks consent from bourses on IPO proposal

Mohammad Mufazzal | 2014-09-01 00:00:00

The securities regulator is set to scrutinise fresh IPO (initial public offering) proposals for approval only after getting consent from the bourses in this respect, officials said. The Bangladesh Securities and Exchange Commission (BSEC) will adopt the policy in a...

Govt to probe causes behind high visa cost to ME states

Syful Islam | 2014-09-01 00:00:00

The government is investigating the reasons behind high visa costs which are hindering Bangladesh's manpower exports abroad especially to Middle Eastern (ME) countries, sources said. The move has been undertaken as the government noticed lower number of migration to Kuwait,...

Steel, cement makers scent opportunity as Padma bridge construction advances

Shah Alam Nur | 2014-09-01 00:00:00

Local steel and cement makers are smacking their lips at the prospect of getting good business as the construction of approach roads and other works of the multi-billion-dollar Padma Bridge is underway, industry insiders said.   The supply of construction materials...

Reliance plans $13b projects including new refinery

Nidhi Verma of Reuters from New Delhi | 2014-09-01 00:00:00

Reliance Industries Ltd plans to invest about $13 billion in energy projects, including a 400,000 barrels per day (bpd) crude refinery at its Jamnagar complex, documents seen by Reuters show. The refinery would process cheap, heavy crudes that are increasingly...

CBI charges Dayanidhi Maran, Malaysian tycoon in telecoms scandal

Devidutta Tripathy and Anuradha Raghu of Reuters from New Delhi | 2014-09-01 00:00:00

The Central Bureau of Investigation (CBI) has filed charges against a former minister, his media mogul brother, and a Malaysian tycoon over alleged corruption to help Malaysia's Maxis group take control of an Indian mobile phone carrier eight years ago....