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Minorities deserve protection all over the world

Zaglul Ahmed Chowdhury | 2014-05-08 00:00:00

Fresh violence against the minority Muslims in eastern Indian state of Assam has caused concern and anxiety as India is in the last leg of its staggered elections that began on April 07 and will close on May 12. The...

Stocks close marginally higher

FE Online Report | 2014-05-07 00:00:00

Stocks edged marginally higher on Wednesday for the second running sessions with declined slightly as investors remained in cautious mood. DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,575.50 points, gaining 12.53 points or 0.27 per...

China awaits BD decision on tariff preference change

Syful Islam | 2014-05-07 00:00:00

China is awaiting a decision from Bangladesh regarding replacing tariff preference it offers under the Asia-Pacific Trade Agreement (APTA) with zero tariff treatment, sources said. It is seeking Dhaka's opinion before Prime Minister Sheikh Hasina visits Beijing next month to...

Taking strength from an unreliable source

Shamsul Huq Zahid | 2014-05-07 00:00:00

The power generation during the peak evening hours was 541 megawatt (MW) more than the demand for the same on May 05 last (Monday).  So there was no load-shedding on that day across the country. In fact, according to the...

BPC seeks Tk 14.50b subsidy from govt again to meet fuel import bill

Rezaul Karim | 2014-05-07 00:00:00

The cash-strapped state-run Bangladesh Petroleum Corporation (BPC) has sought over Tk 14.50 billion again from the government to meet its fuel import bill, officials said. The state entity is facing acute financial problem mainly because of non-payment of outstanding dues...

Practice of \\\'undercutting\\\' saps RMG of bargaining power

Shah Alam Nur | 2014-05-07 00:00:00

A section of apparel units, against the backdrop of a decline in work orders from the international buyers, are, allegedly, undercutting their rivals at home. Industry insiders said the 'unhealthy' trend that has become strong lately has been causing substantial...

Govt to conduct detailed feasibility study soon

Munima Sultana | 2014-05-07 00:00:00

The government is going to conduct a detailed feasibility study for setting up the country's first express highway on the Dhaka-Chittagong corridor. The Roads and Highway Department (RHD) is set to select an Australia-Japan-Bangladesh joint venture (JV) firm for the...

BB relaxes rules for enterprises in EPZs seeking foreign loan

Siddique Islam | 2014-05-07 00:00:00

The central bank has relaxed foreign exchange regulations allowing all industrial enterprises in export processing zones (EPZs) to borrow medium and long-term loan from overseas sources, officials said. Under the relaxed regulations, industrial units in the EPZs will submit borrowing...

Experts suggest revival of 23 rivers thru\\\' capital dredging

Shamsul Huda | 2014-05-07 00:00:00

The consultants engaged in pilot capital dredging have recommended that twenty-three rivers be revived to its full capacity on priority basis, officials said. The costs for the work have been estimated at Tk 9000 billion. If the money is available...

Devising strategies to face non-tariff barriers

Md. Joynal Abdin | 2014-05-07 00:00:00

Bangladesh is a promising economic powerhouse in South Asia. The Goldman Sachs investment bank and economist Jim O'Neill in its 'Brics and Beyond' report identified 11 countries having high potential of becoming the world's largest economies in the 21st century...

Abduction is a cause for serious concern

Shahana Bilkis | 2014-05-07 00:00:00

Incidents of kidnap mainly for ransoms have increased recently. In some cases, victims are killed. Seven bodies, including Narayanganj City Corporation (NCC) panel mayor Nazrul Islam and his four associates, were recovered from the Shitalakhya River. He was abducted last...

Gold smuggling - a potential threat to national security

Abdulla Al Imran | 2014-05-07 00:00:00

There has been a rise in the seizure of gold consignments over the last two years. Recently, the customs officials seized 106 kilogrammes (kg) of gold stashed in the toilets of a Biman flight at Shahjalal International Airport in Dhaka....

Revenue earnings show 28pc rise in DSE

Babul Barman | 2014-05-07 00:00:00

The government's revenue earnings from the Dhaka Stock Exchange (DSE) marked a 27.47 per cent rise in April compared to a month ago as the trading volume was on the rise. The government bagged tax worth Tk 137.01 million in...

DSE, CSE up at opening

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

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

NY firm to invest $200m for RMG modernisation

Ismail Hossain | 2014-05-06 00:00:00

A New York-based investment firm is planning to invest a significant portion of its US$1.0 billion global fund in the ready-made garment (RMG) and textile industries of Bangladesh. "Modernisation and transformation of the country's apparel and textile industries will be...

MoF decides to go tough on loan irregularities in SoCBs

Rezaul Karim | 2014-05-06 00:00:00

The government has decided to take tough action against irregularities in loan approval and sanctioning process in the state-owned commercial banks (SoCBs), officials said. A decision to this effect was taken at a meeting of the Bank and Financial Institutions...

Dhaka-Ctg 4-lane project may take one more year to complete

Munima Sultana | 2014-05-06 00:00:00

It may take one more year to complete the Dhaka-Chittagong four-lane project due to slow progress in widening the highway, though political disturbance was rather absent during the last three months, said officials. Expansion work of the country's main corridor...

Tk 80b shortfall in revenue collection until March

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

Aggregate tax revenue collection faced some Tk 80 billion shortfall until March triggering uncertainty over achieving the target for current fiscal year (FY), according to a provisional figure of the Board of Revenue (NBR). Officials said sluggish investment scenario and...

India: The challenges are immense

Sourajit Aiyer from Mumbai concluding his two-part article titled What India\'s leading Prime Ministerial candidates mean for its economy | 2014-05-06 00:00:00

The need for the Congress-led United Progressive Alliance (UPA) to balance coalition politics took its toll on the speed of reforms. This, along with environment clearance issues, policy delays and inflation slowed down the investment cycle by companies. Tight monetary...

Market and love: Ominous form of rational approach

Md Jamal Hossain | 2014-05-06 00:00:00

In the conventional family system, children support their parents in their old age and parents support their children in their younger age. Thus, parents and children are embedded in a mutually beneficial exchange that is not performed in market but...

Recasting education policy for development

Niamat Ullah Sarker | 2014-05-06 00:00:00

With globalisation, a new horizon has been opened up in increasing trade and commerce throughout the world. During this time, people are free to work in jobs of their own choice,   try to sell their products or services at whatever...

What could be the shape of Indo-Pak ties if Modi comes to power ?

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

As India enters the last leg of its more than a month-long national elections, matters relating to several national issues and foreign affairs - including relations with the neighbours - are coming up in the campaign. One of the major...

\\\'Z\\\' category companies on rise

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

The number of 'Z' category companies continued to rise in both the bourses as a good number of 'A' and 'B' category companies and newly listed ones have been placed to the poor performers' group following their failure to recommend...

Stocks close flat amid see-saw

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

Stocks ended flat in positive on Monday amid volatile trading throughout the session with turnover rose slightly as investors remained cautious to take position. DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,506.44 points, gaining only...

Stocks open positive amid volatility

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

Shares prices on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) saw positive trend in early hours of trading on Monday amid modest see-saw. DSEX, the prime index of the DSE, went up by 8.75 points or 0.19 per...

USTR to review BD progress in RMG labour issues in July

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

The USTR is set to review the progresses made in labour issues by Bangladesh in its ready-made garment (RMG) sector in July next for reviving the generalised system of preferences (GSP), officials said.   The first-ever Bangladesh-USA meeting under the TICFA...

NBR set to raise paid-up capital limit to Tk 25m, cut cc to 1485

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

The National Board of Revenue (NBR) has decided to increase the limit of paid-up capital for taxicab business, and relax the limits of engine capacity in a bid to encourage investment in this sector. The Customs Wing of the board...

BSEC must remain alert on fabricated financial disclosures

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

The securities regulator cannot avoid its responsibility before allowing a company to go public with fabricated financial disclosers as the ultimate responsibility lies with the same, experts and market insiders said. Their observation comes after some companies allegedly got regulatory...

Net foreign investment in Dhaka bourse hits a new high

Babul Barman | 2014-05-05 00:00:00

Net foreign investment into the Dhaka bourse hit a new high of Tk 5.72 billion in April, 2014 as foreign fund managers considered the market lucrative for long-term investment due to low prices of fundamentally strong stocks. The easing of...

One million motorcycles ply country without registration

Badrul Ahsan | 2014-05-05 00:00:00

More than a million motorcycles are plying the roads across the country without registration with the BRTA mainly because of higher registration costs and dilly-dallying of law enforcement agencies, sources said. Officials of the Bangladesh Road Transport Authority (BRTA) said...