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BTRC to go tough against errant IGW operators

Khairul Islam | 2014-07-24 00:00:00

The telecom regulator is set to go tough against the international gateway (IGW) operators which failed to pay the outstanding dues including renewal fee of licence and revenue sharing within the stipulated time, officials  said. According to the official data,...

Development of SMEs: Replicating top foreign models

Md. Joynal Abdin | 2014-07-24 00:00:00

The National Industrial Policy 2010 of Bangladesh clearly defines small and medium enterprises (SMEs) with two major indicators - replacement cost and number of workers. The Bangladesh economy has the strong support of its dependable SME sector. SMEs have been...

Indonesia\\\'s new president will sit down with miners

Randy Fabi and Wilda Asmarini of Reuters from Jakarta | 2014-07-24 00:00:00

Indonesia's new president Joko "Jokowi" Widodo said he wants to sit down with mining companies and other parties in a bid to resolve a row over mining policies that has halted $500 million of metal exports a month in Southeast...

Islamic State crushes and coerces on march towards Baghdad

Maggie Fick and Isra\' al-Rubei\'I of Reuters from Baghdad | 2014-07-24 00:00:00

Using its own version of "soft" and "hard" power, the Islamic State is crushing resistance across northern Iraq so successfully that its promise to march on Baghdad may no longer be unrealistic bravado. While conventional states try to win hearts...

Stocks return to red

FE Online Report | 2014-07-23 00:00:00

Stocks returned to the red Wednesday, after two session’s upturn as a section of investors booked short-term profit on large cap stocks. The market opened with positive note, but could not sustain. DSEX, the benchmark index of the Dhaka Stock...

Of poor road conditions and soured mood

Shamsul Huq Zahid | 2014-07-23 00:00:00

Eid means joy and celebration. Even the poorest of the poor Muslim tries with his/her very limited means to make the occasion joyous as far as possible. One of the key parts of the Eid celebration is family reunion which...

Banking industry’s efficiency level falls

Siddique Islam | 2014-07-23 00:00:00

The overall efficiency ratings of the country's banking sector declined slightly last year due mainly to higher volumes of non-performing loans the banks were burdened with, officials said on the basis of latest evaluation. It was found out that the...

Challenge now on HC cause list

Mohammad Ali | 2014-07-23 00:00:00

The High Court (HC) is set to adjudicate shortly the legality of the much-talked-about income-tax provision that allows taxmen to be rewarded with part of the money that is realized from 'outstanding' tax, courts sources said. A company-and fiscal-law expert...

Floating schools for \\\'haor\\\' children

Abdul Bayes | 2014-07-23 00:00:00

The district of Sunamganj, especially its lower hinterland areas called 'haors', are known for high incidence of poverty and illiteracy. Poverty and illiteracy are highly correlated. Primary school enrolment of children of the poor and the extreme poor households in...

Business growth: Managing risk factors

B K Mukhopadhyay from Kolkata | 2014-07-23 00:00:00

The global business environment has been turning to be more and more complicated; so also global financial markets being much more uncertain than ever before? The global financial uncertainties were not entirely unanticipated, but the intensity was not predicted nor...

Gaza bleeds as Israel conducts a war of attrition

Saleh Akram | 2014-07-23 00:00:00

Gaza is bleeding. Death toll has already topped the 500 mark. With no possibility of an immediate ceasefire in sight, miseries of the Gazans are compounding, precipitating a humanitarian crisis. Israel's bombing onslaught continues as thousands flee northern Gaza amid...

50 micro-lenders lose licences

Rezaul Karim | 2014-07-23 00:00:00

The licences of nearly 50 microfinance institutions (MFIs) have been cancelled by the regulator for breach of the set rules and regulations guiding micro-credit operations, officials said. Director of the Micro Credit Regulatory Authority (MRA) Md. Shazzad Hossain told the...

Payra seaport yet to handle goods after 8 months

Syful Islam | 2014-07-23 00:00:00

Even after eight months of formal opening the country's third seaport - Payra - is yet to start handling of goods due to lack of proper planning, officials have said. Prime Minister Sheikh Hasina formally inaugurated the seaport at Kalapara...

Tour operators wagering on Eid vacationers

Shah Alam Nur | 2014-07-23 00:00:00

Tour operators expect a business boom during the Eid vacation after two years of slump worsened by political unrest. Industry executives said political stability will help boost the flow of local and foreign tourists this year. "We are expecting good...

A Fox-Time Warner deal would give Murdoch new heft in China

Ronald Grover of Reuters | 2014-07-23 00:00:00

Rupert Murdoch's plan to buy Time Warner would help the Twenty-First Century Fox chairman make larger inroads in China, a fast-growing market that media moguls are finding hard to crack. Time Warner's board rejected Murdoch's $80 billion offer, but the...

India keeps world guessing in countdown to landmark trade pact deadline

Matt Siegel and Manoj Kumar of Reuters from Sydney/New Delhi | 2014-07-23 00:00:00

India will firm up its position regarding a landmark global trade pact shortly before a Thursday deadline, a senior official said on Monday, setting up a nail-biting showdown over a deal it says should safeguard a $12 billion anti-poverty food...

Is Germany still the champion?

Philip Blenkinsop of Reuters from Brussels | 2014-07-23 00:00:00

More than a week on from its World Cup soccer victory, Germany may return to centre stage, though this time not with fan celebrations but concerns over the health of Europe's economic motor. Investors saw dark clouds building last week...

GP sees strong performance with solid earnings growth

FE Online Report | 2014-07-22 00:00:00

Grameenphone Ltd. reported revenue of BDT 51.1 billion for the first half of 2014, a 7.8 per cent up from the same period of last year. Service revenue grew 7.5 per cent (YoY) along with 14.3 per cent (YoY) growth...

Stocks, turnover rise on DSE, CSE

FE Online Report | 2014-07-22 00:00:00

Stocks ended higher for the second running session on Tuesday with improved turnover as investors went for buying spree on large cap stocks amid optimism. The market opened with a positive note which continued till the closure. DSEX, the benchmark...

Stocks see upward trend at opening

FE Online Report | 2014-07-22 00:00:00

The country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed an upward trend in early hours of Tuesday’s session, the third trading day of the week. DSEX, the prime index of the DSE went...

Inadequate allocation blamed

Munima Sultana | 2014-07-22 00:00:00

The Roads and Highways department (RHD) could not repair the roads and highways in bad shape as it was not given enough funds, sources said The maintenance wing of the RHD sought Tk. 77 billion to repair the national and...

Existing bank accounts to be allowed for rent deposit

Doulot Akter Mala | 2014-07-22 00:00:00

The revenue board is set to relax the rules for house rent transaction through bank accounts by allowing house-owners to use their existing bank accounts for depositing the monthly rent exceeding Tk 25,000. The National Board of Revenue (NBR) made...

City halts in Ramadan gridlock

Badrul Ahsan | 2014-07-22 00:00:00

Shopping spree of the city dwellers, faulty traffic management system and numerous makeshift shops on footpaths caused unprecedented tailback across the capital Monday, like most other weekdays. Besides, illegal parking of a large number of private vehicles on the streets...

Bangladesh faces tough fight in ITU election

Khairul Islam | 2014-07-22 00:00:00

Bangladesh is going to face a tough contest to retain its council membership in the International Telecommunications Union (ITU) as some powerful contestants are vying for the similar seats in the UN agency, official sources said. ITU is the specialised...

Major city malls install fake note detectors

Talha Bin Habib | 2014-07-22 00:00:00

The city's most shopping malls installed Monday machines to detect fake currency notes as dozens of money counterfeiting gangs are active ahead of Eid-ul Fitr. The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) with the cooperation of Bangladesh...

Non-tax revenue earnings from export , import exceed target

Rezaul Karim | 2014-07-22 00:00:00

The government's earnings from imports, exports and indenting registration and renewal fees exceeded its target under the head 'non-tax revenue' in the just concluded fiscal year (FY) 2013-2014, thanks to strengthened recovery drive and increased registration and renewal fees, sources...

Top Kurdish security official warns the West of Iraq blowback

Isabel Coles and Ned Parker of Reuters from Arbil (Iraq) | 2014-07-22 00:00:00

Western countries will end up fighting insurgents who have overrun large parts of Iraq on their own doorstep unless they intervene to combat the threat at its source, a senior Kurdish security official said in an interview. Masrour Barzani, head...

Iran eliminates sensitive stockpile under interim nuclear deal: IAEA

Fredrik Dahl of Reuters from Vienna | 2014-07-22 00:00:00

Iran has moved to eliminate its most sensitive stockpile of enriched uranium gas under an interim nuclear deal reached with six world powers last year, according to a monthly update by the U.N. nuclear watchdog obtained by Reuters on Sunday....

Late monsoon starts Indian farmer\\\'s \\\'journey to hell\\\'

Ratnajyoti Dutta of Reuters from Shamli (India) | 2014-07-22 00:00:00

Farmer Asghar Bhura scrapes a living by growing sugarcane, but this year's late monsoon has left his tiny plot parched and he will earn nothing from his harvest. Bhura will have to go and work for a big grower to...

Will economy\\\'s fate be set by next two weeks\\\' earnings?

Caroline Valetkevitch of Reuters from New York | 2014-07-22 00:00:00

A long hoped for improvement in the economy appears to be manifesting itself in second-quarter U.S. earnings, but the next two weeks could be the real test. Companies such as General Electric Co and Intel Corp have reported solid results....