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Vegetable, fruit export may face EU ban

Syful Islam and Rezaul Karim | 2014-08-02 00:00:00

The European Union (EU) may consider imposing a ban on Bangladesh's vegetable and fruit export to its member-states in the event of the latter's failure to show major improvements in ensuring harmful organism-free exports by September 30, diplomatic sources said....

Experts for economic diplomacy to get TRIPs transition period extended

Shamsul Huda | 2014-08-02 00:00:00

Bangladesh may face difficulties in extension of the special TRIPs transitional period for producing pharmaceuticals unless there is strong economic diplomacy after expiry of the current time in the year 2015, industry insiders said. According to sources, the general transitional...

CNG pumps\\\' strike, if pleas not met by August 24

Talha Bin Habib | 2014-08-02 00:00:00

The CNG refueling station owners will meet the authorities concerned of the government this week to discuss the progress in implementing their five-point demands. President of Bangladesh CNG Filling Station and Conversion Workshop Owners' Association Zakir Hossain Nayan told the...

Primary share market making turnaround

Babul Barman | 2014-08-02 00:00:00

Twelve companies have raised funds from the stock market through initial public offerings (IPOs) within the first seven months of this calendar year, which indicates that the investors shocked by the past crisis are now getting back to the primary...

Networking and women\\\'s rights in RMG sector

Md Mahbub Alam Prodip | 2014-08-02 00:00:00

Industrialization has opened up a new avenue for young women workers in developing countries especially in garment industries over the period of last 25 years. Predominantly, industrialization process has been forced by the multilateral donor agencies like the International Monetary...

Road upkeep cost rises for less budgetary allocation

Munima Sultana | 2014-08-01 00:00:00

A less-than-required level of budgetary allocation during the last seven years has pushed up 90 per cent the funding needs for overall maintenance of roads and highways throughout the country, official sources said. The gap between the demand and the...

Taka up on higher forex inflow

Siddique Islam | 2014-08-01 00:00:00

Bangladesh Taka (BDT) appreciated 0.16 per cent against the dollar in July following the higher growth in export earnings alongside a surge in inward remittance flow on the occasion of the Eid-ul-Fitr. The US dollar was quoted at Tk 77.50-77.52...

Towards sustained development

Md. Saifullah Azad | 2014-08-01 00:00:00

Bangladesh is moving fast towards a better position in the fields of economic, social, developmental, governance and other areas. The country's achievements are significantly high, particularly in education and health sectors. In fact, the country has many success stories in...

The Brics bank is a glimpse of the future

David Pilling | 2014-08-01 00:00:00

Thirteen years ago, Brics was a marketing ploy dreamt up by Jim O'Neill, then chief economist at Goldman Sachs. Now it is a bank. Next thing you know, it will have its own line of designer handbags. Last month in...

Move to build shipbuilding industry in Patuakhali

Syful Islam | 2014-08-01 00:00:00

The government is learnt to have moved forward with a plan to establish ship-recycling and shipbuilding hub in the coastal district of Patuakhali. Competent sources said the Ministry of Industries has formed a 13-member committee headed by an additional secretary...

BB order to ensure cash at ATMs, POS round the clock

Siddique Islam | 2014-07-28 00:00:00

The central bank has asked the commercial banks to make sure cash is available round-the-clock at all ATMs (Automated Teller Machine) and POS (Point of Sale) points during the Eid holiday. "We've taken measures to ensure the electronic transactions particularly...

NBR gears up move to realise Tk 30b outstanding revenue

Doulot Akter Mala | 2014-07-28 00:00:00

The National Board of Revenue (NBR) has intensified its efforts to realise the outstanding revenue worth Tk 30 billion from the country's four mobile operators to lessen its revenue deficit for the last fiscal year. The revenue as 'SIM (subscribers'...

Home-bound people face hassles at Sadarghat

Talha Bin Habib | 2014-07-28 00:00:00

The home-bound people had to face some hassles Sunday including delayed departure of most of the launches and extra fares as several thousand Eid holidaymakers thronged the Sadarghat river terminal on way to their respective village homes. Many launches were...

Govt mulls 10pc cash incentive for frozen fish exporters

Rezaul Karim | 2014-07-28 00:00:00

The government is considering the 10 per cent cash incentive for frozen fish exporters, which was earlier scrapped by the government for fiscal year (FY) 2014-15, officials said. An official of the ministry of finance (MoF) said the authority concerned...

Gunmen in army uniforms seize Sunni official in Baghdad

Raheem Salman of Reuters from Baghdad | 2014-07-28 00:00:00

Gunmen in army uniforms have seized a senior local official and prominent member of a Sunni Islamist party from his Baghdad home, police and security sources said on Saturday. In a sign of the breakdown of security in and around...

UN envoy warns of deepening ethnic divisions in Myanmar

Paul Mooney of Reuters from Yangon | 2014-07-28 00:00:00

A senior UN official last week warned of a growing polarisation between Buddhist and Muslim communities in Myanmar and said the living conditions in camps housing displaced Muslims were deplorable. Yanghee Lee, Special Rapporteur on human rights in Myanmar, held...

Modi under fire for silence over religious incidents

Sruthi Gottipati of Reuters from New Delhi | 2014-07-28 00:00:00

India's new Prime Minister Narendra Modi is facing criticism for remaining silent about incidents deemed anti-Muslim in the past week, underscoring fears that his Hindu nationalist followers will upset religious relations in the multi-faith nation. Modi's Bharatiya Janata Party swept...

Germany promises change as arms sales draw scrutiny

Alexandra Hudson and Sabine Siebold of Reuters from Berlin | 2014-07-28 00:00:00

For lawmaker Jan van Aken, little symbolizes more potently all that he finds indefensible about Germany's arms exports than the German and French-made anti-tank missile that he was shown in northern Syria. From its serial number, he believes the 1970s...

Avoiding urban nightmare

Neil Ray | 2014-07-28 00:00:00

Dhaka City now wears a rather unfamiliar look. Unfamiliar in the sense that its roads and alleys are almost vacant. Only the shopping centres and malls are still buzzing with people so busy with break-neck last-minute purchases. How welcome it...

Economics of Eid festival

Shamsul Huq Zahid | 2014-07-28 00:00:00

The stage is now set for celebration of one of the greatest religious festivals of the Muslims living in this part of the world tomorrow (Tuesday) or the day after. The observance of the holy yet festive occasion will depend...

The Brics Bank and Bretton Woods

Lucy O\'Carroll | 2014-07-28 00:00:00

The Bretton Woods conference aimed to reshape the international financial system and end the protectionism that, in the view of the US and UK, had contributed to the drift towards the Second World War. Seventy years on, does the recently...

No respite from barbarism as Israel extends offensive to West Bank

Zaglul Ahmed Chowdhury | 2014-07-27 00:00:00

As a hawkish president reigns supreme in Israel, the Tel Aviv government now appears poised to extend its orbit of brutalities to the West Bank in Palestine while carrying on barbarism in the Gaza Strip. The nearly three-week-long offensive in...

Confusion over BD\\\'s exports to Israel

Ismail Hossain | 2014-07-27 00:00:00

Does Bangladesh export its merchandise to Israel? Replies received from high officials of the agencies concerned and statistics available with the Export Promotion Bureau (EPB) website are enough to confuse anyone seeking an answer to this question. Bangladesh has not...

Launches ply by set rules

Talha Bin Habib | 2014-07-27 00:00:00

Most launches left Sadarghat river-port terminal in the capital Saturday on time -- and largely abiding by agreed rules set for the time of Eid rush. Launch operators said they were not charging fares beyond the rates fixed by the...

Eid sales may cross Tk 1.0 trillion-mark

Shah Alam Nur | 2014-07-27 00:00:00

Aggregate sales on the occasion of holy Eid-ul-Fitr this year may run into more than taka one trillion, business circles have claimed.    All kinds of traders and businesses -- wholesale and retail -- have been doing a brisk business in...

PM may discuss river grabbing and water-bus issues today

Syful Islam | 2014-07-27 00:00:00

Prime Minister Sheikh Hasina is likely to discuss today (Sunday) the possible ways of saving rivers in and around the capital from land grabbers and ensure a smooth and efficient river transport service within the city, sources have said. The...

500-plus MFIs breach regulator\\\'s rules

Rezaul Karim | 2014-07-27 00:00:00

Most of the Micro Finance Institutions (MFIs) are not complying with the required reserve fund provision of the Microcredit Regulatory Authority (MRA), officials said. As of December, 2013, some 89 out of 645 MFIs are following the MRA Rules-2010, but...

Broad-based Bangladesh-Japan forum soon

Munima Sultana | 2014-07-27 00:00:00

Bangladesh and Japan are going to form a broad-based joint forum comprising members of both public and private sectors to work on investment and trade opportunities in an enabling environment to mutual benefit of the two countries. Officials said the...

Ensuring a meaningful life for girls

Masum Billah | 2014-07-27 00:00:00

The 'Girl Summit', the first of its kind, was jointly hosted by the United Nations Children's Fund (UNICEF) and the British Government on July 22, 2014, with a view to mobilising domestic and international efforts to end female genital mutilation...

Sustainability reporting for sustainable earth

Md. Touhidul Alam Khan | 2014-07-27 00:00:00

The end of days is near, the signs are clear. If we look at the earth at this moment, it has a 'sickness' called Global Warming. History says that the destruction of the earth has been going on since the...