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India services activity grows for first time in nearly a year

Rahul Karunakar of Reuters from Bangalore | 2014-06-06 00:00:00

Activity in India's huge services industry expanded for the first time in nearly a year in May, driven by a surge in new business, a survey showed on Wednesday. The HSBC Services Purchasing Managers' Index, compiled by Markit, rose to...

Stocks close flat amid cautious stance

FE Online Report | 2014-06-05 00:00:00

Stocks closed flat on Thursday with slight improvement in turnover as investors remained cautious on announcement of the national budget.The market started with a positive note, but the morning hype evaporated gradually as session progressed. At the end of the...

DSE, CSE open positive

FE Online Report | 2014-06-05 00:00:00

The prices of most of the shares on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed positive trend in the opening sessions on Thursday, the last trading day of the week. DSEX, the prime index of the DSE,...

July deadline for Iran nuclear deal appears in jeopardy

Louis Charbonneau and Parisa Hafezi of Reuters from New York/Ankara | 2014-06-05 00:00:00

Option B: The blueprint for Thailand\\\'s coup

Amy Sawitta Lefevre and Aubrey Belford of Reuters from Bangkok/Chiang Mai | 2014-06-05 00:00:00

On Dec. 27 last year, Thailand's powerful army chief stood before a crowded news conference and stunned the beleaguered government of Yingluck Shinawatra by saying he would not rule out military intervention to resolve a deteriorating political crisis. General Prayuth...

Stock market regains stability, not buoyancy

Mohammad Mufazzal | 2014-06-05 00:00:00

Country's stock market that had received severe mauling in 2010 has been able to regain stability in the outgoing fiscal (2013-14) but not the desired level of buoyancy.  The capital market regulator and the government initiated a number of measures...

DSE, CSE to enjoy 5-yr tax holiday, dividend tax-free up to Tk 15000

Doulot Akter Mala | 2014-06-05 00:00:00

The government is set to offer tax holiday facility for Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) for the next five years until 2019, in the budget for fiscal year 2014-15. It may also allow capital market investors...

MoU readied for building deep-sea port by Chinese co

Syful Islam | 2014-06-05 00:00:00

The government has prepared a Memorandum of Understanding (MoU) aiming to award the job of building the deep seaport in Sonadia by a Chinese company, sources said. The MoU may be signed during Prime Minister Sheikh Hasina's Beijing visit from...

NBFIs should rely more on bonds than deposit

Mohammad Ali | 2014-06-05 00:00:00

The country's non-banking financial institutions (NBFIs) should move away from their deposit reliance to the bond option for the sake of healthy development in the financial sector, an international financial consultant said.  "To my mind, the bond market can be...

Business brass to urge China to ramp up BD garment imports

Talha Bin Habib | 2014-06-05 00:00:00

Bangladeshi business leaders will urge their Chinese counterparts to bump up apparel imports from Bangladesh, helping to raise the share to at least 10 per cent, the head of the country's apex trade body said.    "China imports apparel products worth...

WiMAX businesses having bumpy ride after 3G service

Jamal Uddin | 2014-06-05 00:00:00

The WiMAX business is facing a blow following a major expansion of 3G (third generation) internet service by the mobile phone operators since October last year. As a result, the companies providing WiMAX facility are planning to introduce LTE (Long...

Strengthening resilience, working for a sustainable future

Md Touhidul Alam Khan | 2014-06-05 00:00:00

Climate change is a major challenge for Small Island Developing States (SIDS), as global warming is causing ocean levels to rise. Due to their small size and isolation, SIDS are more vulnerable to natural and environmental disasters, climate change and...

Talebans threaten Afghan run-off elections

Zaglul Ahmed Chowdhury | 2014-06-05 00:00:00

As the campaign for the June 14 run-off presidential election in Afghanistan continues in full swing amidst sporadic violence, the Islamic militant Talebans have urged the voters to stay away from voting. They have threatened the voters of dire consequences...

Stocks slip in red for second day

FE Online Report | 2014-06-04 00:00:00

Stocks slipped in the red for second running session on Wednesday with turnover rose slightly as investors continued to book short-term profit amid cautious stance. The market opened with positively yet it failed to sustain the momentum. Eventually, DSEX, the...

Stocks see upward trend at opening

FE Online Report | 2014-06-04 00:00:00

The prices of most of the shares on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed upward trend in the early hours of the session on Wednesday, the 4rth trading day of the week. DSEX, the prime index...

Basic Bank : The cost of political choice?

Shamsul Huq Zahid | 2014-06-04 00:00:00

Two different vernacular contemporaries in their last Tuesday's issues carried news reports on the state-owned BASIC Bank which has, of late, earned infamy because of large-scale loan irregularities. The content of one report, headlined, 'BASIC Bank in the red for...

Sonali, Janata, Agrani up one step in BB rating

Siddique Islam | 2014-06-04 00:00:00

A CAMELS rating of the central bank has found one-step improvement of three state-owned commercial banks (SoCBs), while the status of another SoCB remains unchanged. The evaluation, which took into account capital adequacy, asset quality, management, earnings, liquidity and sensitivity...

Budget FY 2014-15: Re-examining trade and industrial policies

Nahida Sultana | 2014-06-04 00:00:00

The national budget for FY 2014-15 is knocking at the door. It is essential to understand the causes of declining growth in Gross Domestic Product (GDP). The reasons are falling investment, demand-induced decreased import of capital machinery, concentration of productive...

Banking for working children

Maswood Alam Khan from Maryland, USA | 2014-06-04 00:00:00

Poor people always believe in having cash in hand. They are fond of pocket accounting.  What cash they have in their pocket is often how they manage their money. They do not like bank accounts because having a bank account,...

Experts, city dwellers fret over rising number of motorcycles

Munima Sultana | 2014-06-04 00:00:00

At present more than half of the country's total registered motorised vehicles are motorcycles, following a soaring growth in the number of bike during the last couple of years. Officials said the number of unregistered motorbikes is, however, more than...

BD basic garment risks taking a hit as India, EU move closer to FTA

Badrul Ahsan | 2014-06-04 00:00:00

Bangladesh's garment industry risks taking a battering if India and the European Union sign free trade agreement, insiders have feared. They say the government should facilitate establishment of textiles and backward linkage industry to stave off the possible negative impact...

Workers of closed garment factory in Mirpur file cases against management for compensation

Mohammad Ali | 2014-06-04 00:00:00

Workers of a Dhaka apparel factory have filed 18 cases with the Labour Court against its management seeking their due compensations and other benefits, sources said. The production of the factory has been suspended following the recent inspections conducted by...

Stocks close lower amid cautious trade

FE Online Report | 2014-06-03 00:00:00

Stocks ended lower on Tuesday with turnover dipping below Tk 4.0 billion-mark on the major bourse as investors kept their attention to the upcoming national budget. The market opened with positively yet it failed to sustain the momentum. Eventually, DSEX,...

DSE, CSE open positive

FE Online Report | 2014-06-03 00:00:00

The prices of most of the shares on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) saw positive trend in early hours of trading on Tuesday, the third trading session of the week. DSEX, the prime index of the...

Prioritising development of physical infrastructure, power and energy

Ayubur Rahman Bhuyan concluding his three-part article titled \'FY15 budget must be ambitious to achieve strong economic growth\' | 2014-06-03 00:00:00

A stark example is the burgeoning ready-made garment (RMG) sector, which does not pay any income tax despite making huge profits. The RMG industry recorded a phenomenal growth, primarily based on an elaborate incentive structure. The continued duty and tax...

Russia\\\'s stance on new president of Ukraine further complicates the crisis

Zaglul Ahmed Chowdhury | 2014-06-03 00:00:00

Russia has not recognised the new president of Ukraine although it had said earlier that the verdict of the May 25 elections would be honoured. This has infuriated the Kiev government, which accuses Moscow of unleashing a global propaganda not...

Next budget set to offer special tax incentives for industries

Doulot Akter Mala | 2014-06-03 00:00:00

The budget for fiscal year (FY) 2014-15 is set to offer special tax incentives including extension of tax holiday facility and reduction of corporate tax for facilitating industrial growth.   The tax holiday facility for local industries is likely to be...

Net foreign investment in DSE dips

Babul Barman | 2014-06-03 00:00:00

Net foreign investment in the Dhaka Stock Exchange (DSE) marked a 77 per cent decline in May compared to the previous month, as foreign fund managers preferred to adopt a 'wait and see' strategy in the present volatile market. Foreign...

DCs asked to take steps to keep essentials\\\' prices stable during Ramadan

Rezaul Karim | 2014-06-03 00:00:00

The government has directed the deputy commissioners (DCs) to take effective measures for keeping the prices of essentials stable during the upcoming holy month of Ramadan, officials said Monday. Besides, it also directed them to monitor the essentials' market strictly....

24 RMG units lack fire safety requirements

Syful Islam | 2014-06-03 00:00:00

The fire department has asked another two dozen readymade garment (RMG) factories to comply with safety requirements or face punitive actions as part of the government's effort to ensure workplace safety, sources said. It issued notices to the factories when...