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The grim world of our child workers

Sarwar Md. Saifullah Khaled | 2014-07-22 00:00:00

Child labour is an acute problem in Bangladesh. Children in the country are engaged in many 'worst forms of child labour', primarily in hazardous activities in agriculture and domestic service. In 2002-2003, Bangladesh Bureau of Statistics (BBS) conducted the second...

Girl Summit 2014: A silver lining for girl child

Parvez Babul | 2014-07-22 00:00:00

The Girl Summit 2014 is scheduled to begin in London today (July 22). Heads of government including the Prime Minister of Bangladesh, women and human rights activists, community leaders, civil society organisations (CSOs) and development partners will join the summit....

Pressure for political dialogue mounts

M. Serajul Islam | 2014-07-22 00:00:00

A Minister is reported to have said recently that if the Bangladesh Nationalist Party (BNP) did not give up its demand for fresh elections, the current government's term would be extended for a year beyond 2019! The Minister failed to...

DSE turnover crosses Tk 3b

FE Online Report | 2014-07-21 00:00:00

Stocks returned to the green Monday with turnover on the prime bourse crossing Tk 3.0 billion mark after 13-session  as optimistic investors went for buying spree. The market opened with a positive note and continued till the market closure. DSEX,...

DSE, CSE open positive

FE Online Report | 2014-07-21 00:00:00

The Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) saw positive trend in early hours of trading on Monday, the second trading day of the week. DSEX, the prime index of the DSE went up by 14.37 points or...

NBR issues rule covering 1.0pc surcharge on mobile handset

Doulot Akter Mala | 2014-07-21 00:00:00

The National Board of Revenue (NBR) issued a rule Sunday facilitating the collection of 1.0 per cent surcharge levied on both imported and locally produced mobile handset from the current fiscal year (FY) -- a measure that would make the...

Export target to be set at $33.20b for FY `15

Syful Islam | 2014-07-21 00:00:00

The government is going to fix today the export earning target for the current fiscal year (FY) 2014-15 at US$33.20 billion, up by 10.02 per cent or $2.70 billion from the actual earning in the just-concluded fiscal, sources said. The...

Setting up industrial parks delayed

Shamsul Huda | 2014-07-21 00:00:00

Construction of industrial parks outside Dhaka city keeps getting delayed lingering the city dwellers' grapple with pollution and other industrial hazards. Two industrial parks have missed their deadlines on work completion while the fate of some others is hanging in...

Peacekeepers fetch $150m a year on an average

Munima Sultana | 2014-07-21 00:00:00

Bangladesh has maintained an average foreign-currency income of $150 million annually from the United Nations peacekeeping operations over the last one decade, though experts saw a scope of raising the income substantially. They said the earnings from the PKO (peacekeeping...

26.4 per cent of DSE brokerage firms ready to launch new IPO process

Mohammad Mufazzal | 2014-07-21 00:00:00

Only 26.4 per cent of brokerage firms of Dhaka Stock Exchange (DSE) have completed preparations for the pilot project of launching the new IPO (initial public offering) process, officials said. The premier bourse Sunday submitted the list of the brokerage...

Five-point demand to the government submitted

Mohammad Ali | 2014-07-21 00:00:00

The Institute of Chartered Accountants of Bangladesh (ICAB) has finally agreed to accept the proposed Financial Reporting Act (FRA), under which Financial Reporting Council (FRC) will be formed to oversee functions of the auditors, according to its chief. The institute,...

MRA to go tough on errant micro-lenders

Rezaul Karim | 2014-07-21 00:00:00

The Microcredit Regulatory Authority (MRA) will take action against micro finance intuitions found to be violating the interest rates on lending and savings as set by the regulator, officials said. Tough action will also be taken against the MFIs that...

Concerns mount over India\\\'s stance on global trade pact

Matt Siegel of Reuters in Sydney | 2014-07-21 00:00:00

Eleventh hour negotiations to win Indian approval for a breakthrough global trade pact may not have succeeded in the end despite initial signs of progress, sources involved in the discussions said on Saturday. India is the most prevalent among a...

Why are airliners shot down?

Neil Ray | 2014-07-21 00:00:00

As if the mysterious disappearance of Flight 370 of the Malaysia Airlines with 239 passengers was not enough, another of its Boeing 777 flights MH 17 has been shot down over Russian rebel-held Ukraine! There is no reason to think...

Revisiting the proverbial pond

Shamsul Huq Zahid | 2014-07-21 00:00:00

Very often one particular instance of a project involving the excavation and filling up of a pond is cited to show the high level of corruption in the implementation of projects in rural areas under the government's Test Relief (TR)...

BRICS Bank should not be a clone of IMF or World Bank

B K Mukhopadhyay from Kolkata | 2014-07-21 00:00:00

Sceptics wonder whether the BRICS has enough in common to build a strong alliance. At the latest summit in Fortaleza, Brazil, BRICS (Brazil, Russia, India, China and South Africa) countries launched a slew of initiatives, including two new international financial...

Chinese oil rig moved away from disputed waters off Vietnam

John Ruwitch and Nguyen Phuong Linh of Reuters from Shanghai/Hanoi | 2014-07-21 00:00:00

A Chinese oil rig has finished drilling near the disputed Paracel islands in the South China Sea after finding signs of oil and gas and is being moved away from the area, more than two months after its deployment damaged...

Merkel blasts US spying, hopes Washington will change tack

Alexandra Hudson of Reuters from Berlin | 2014-07-21 00:00:00

Angela Merkel said on Saturday that new allegations of U.S. spying showed Berlin and Washington were completely at odds over how they viewed the role of intelligence, and she hoped German action would persuade the United States not to spy...

ECB interest rates too low for Germany, says Bundesbank chief

Paul Carrel of Reuters from Frankfurt | 2014-07-21 00:00:00

The European Central Bank should tighten policy as soon as it can and its interest rates are too low for Germany, Bundesbank chief Jens Weidmann said, pointing to tensions in the united front the bank has presented since a major...

Japan PM Abe wants to hold summit with China at APEC

Elaine Lies of Reuters from Tokyo | 2014-07-21 00:00:00

Japanese Prime Minister Shinzo Abe said on Monday he wanted to hold a summit with China at the APEC leaders meeting in Beijing in November to improve relations strained by territorial and security issues, but drew a cool response from...

Modi feels heat from credit agencies, markets on budget

Frank Jack Daniel and Neha Dasgupta of Reuters from New Delhi/Mumbai | 2014-07-21 00:00:00

Prime Minister Narendra Modi is under pressure to perform on the economy after a budget packed with ambitious targets met mild scepticism from investors and credit-rating agencies and failed to dispel the latent risk of a downgrade. With varying degrees...

Stocks end lower

FE Online Report | 2014-07-20 00:00:00

Stocks ended lower Sunday after previous session’s flat movement as cash-hungry investors sold shares ahead of Eid festival. Only four trading sessions are left ahead of Eid vacation. DSEX, the prime index of the Dhaka Stock Exchange (DSEX) went down...

Stocks slip at opening

FE Online Report | 2014-07-20 00:00:00

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed downward trend in early hours of trading on Sunday, the first trading day of the week. DSEX, the prime index of the DSE, went down by 24.87 points...

Interest rate spread widens further in May

Siddique Islam | 2014-07-20 00:00:00

The interest rate spread in the country's banking sector widened further in May as most of the banks cut deposit rates, keeping their lending rates almost unchanged. The weighted average spread between lending and deposit rates offered by the commercial...

Will the perpetrators be brought to justice?

Zaglul Ahmed Chowdhury | 2014-07-20 00:00:00

A pall of gloom has descended over the globe for a unbelievably shocking incident. The aircraft of the Malaysian passenger airlines on way to Kuala Lumpur from Amsterdam was shot down over the sky of Ukraine, killing all the passengers...

BRICS bank: A challenge to World Bank, IMF?

Md. Azharul Islam | 2014-07-20 00:00:00

An agreement was signed among its member-states at the sixth BRICS summit meeting held in Fortaleza, Brazil on July 15, 2014 to establish a US$100 billion BRICS Development Bank. Scheduled to be based in Shanghai, China, the BRICS (Brazil, Russia,...

Reforming banking sector to become middle income country

Ajoy Paul | 2014-07-20 00:00:00

In a developing economy like that of Bangladesh, the banking system mainly mobilises and allocates financial resources directly to the ultimate beneficiaries in an institutional way and thereby enhances the country's economic growth. However, to establish good governance in banking,...

July 2014 tragedies: A plane crash and deaths in Gaza

Maswood Alam Khan from Maryland, USA | 2014-07-20 00:00:00

One hundred years back, on the morning of June 28, 1914, in the Bosnian capital of Sarajevo, a 19-year-old Bosnian nationalist named Gavrilo Princip shot and killed Franz Ferdinand and his wife Sophie. Franz Ferdinand was the future heir to...

Survey of marine resources brooks no delay

Saleh Akram | 2014-07-20 00:00:00

A landmark verdict by the Permanent Court of Arbitration (PCA), The Hague, on July 07 awarded Bangladesh an area of 19,467 square kilometres out of total 25,602 sq km under dispute with India in the Bay of Bengal. The PCA...

DSE asked to submit observations promptly

Mohammad Mufazzal | 2014-07-20 00:00:00

The securities regulator has asked Dhaka Stock Exchange (DSE) to submit their observations regarding the IPO (initial public offering) proposals promptly so that the regulator can evaluate observations while giving consent to IPO proposals, officials said. The Bangladesh Securities and...