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Investment suffers as legal dispute remains unresolved

Mohammad Ali | 2014-11-22 00:00:00

Foreign direct investment (FDI) in the country's commercial service sector has virtually stalled for more than two years over a legal dispute. The long-pending legal dispute is affecting investments in areas including freight forwarding and logistic service, shipping agency, airlines...

Drastic fall in fines by DoE

Badrul Ahsan | 2014-11-22 00:00:00

Insiders smell something fishy at the drastic fall in fines imposed by the Department of Environment (DoE) indicating that the officials are being managed by the stakeholders. According to the data available with the government, fines imposed against different factories...

Children come to school to learn things, not to be punished

Zeenat Khan from Maryland, USA | 2014-11-22 00:00:00

According to Wikipedia, "Corporal punishment has been outlawed in many countries, including Canada, Kenya, South Africa, Sweden, New Zealand and nearly all of Europe." In the U.S., "corporal punishment is prohibited in public school for 31 states and Washington D.C."...

Viewing poverty reduction in a different way

Md Jamal Hossain from University of Denver, USA | 2014-11-22 00:00:00

Poverty reduction is a global concern. Who should undertake the task of poverty reduction? Well, the answer is ready. The responsibility for reduction of poverty is either vested in the government or the well-off classes. Then the question is, who...

War against corruption

Gopal Sengupta | 2014-11-22 00:00:00

Corruption in Bangladesh has assumed such large proportions with various types and forms that large sections of the public have come to believe that it is impossible to get rid of this menace. In such an atmosphere of pervasive cynicism,...

Transformation of the economy: Problems and prospects

Md Joynal Abdin | 2014-11-22 00:00:00

Bangladesh is one of the most emerging countries of the world. The current size of its GDP is about US$ 140 billion with annual 6 per cent plus growth rate during the last decade.  Economic growth of the country is...

Banking sector faces an unsavoury situation

Saleh Akram | 2014-11-22 00:00:00

The current state of affairs in a number of banks can be interpreted as unsavoury. The central bank is reported to have identified 15 banks where credit growth rate has hit a negative mark. This situation, as reports quoting a...

Move to issue legal notice for relocation disappoints tanners

Ismail Hossain | 2014-11-22 00:00:00

Tanners have expressed their disappointment over the Industries Minister's decision to issue legal notice to tannery owners in the capital's Hazaribagh for not relocating their industrial units within the stipulated time. They said such a decision is not fair as...

Funds crunch impedes BJMC\\\'s jute procurement drive

Rezaul Karim | 2014-11-22 00:00:00

The jute procurement drive of different mills under Bangladesh Jute Mills Corporation (BJMC) is facing a setback due to shortage of necessary funds, officials said. They said the state entity needs Tk 4.0 billion urgently to continue the jute procurement...

Day care centres for babies of poor working mothers

Md Sazedul Islam | 2014-11-22 00:00:00

Poor working mothers need day care centres for their children during working hours so that they can do their work smoothly. Though populous Dhaka city has not adequate day care centres for poor mothers, some existing centres proved effective to...

In defence of tradition and culture

Nilratan Halder | 2014-11-22 00:00:00

Without enough money at disposal and leisure, fine art is but a hapless orphan. Even culture developed through centuries makes demand on spare times and to make the process complete some spare money too is badly needed. At a time...

Capital base of banking sector rises by 2pc

Siddique Islam | 2014-11-21 00:00:00

Capital base of the country's banking sector increased by nearly 2.0 per cent in the third quarter of this calendar year despite a large shortfall in some 'badly-managed' banks, particularly state-run ones. Total eligible capital, generally known as actual capital...

CIC collecting bank account info of NBR chief, his wife

Doulot Akter Mala | 2014-11-21 00:00:00

The tax intelligence wing has started collecting bank account information of the National Board of Revenue (NBR) chairman Ghulam Hussain and his wife. The Central Intelligence Cell (CIC) under NBR asked the country's commercial banks Thursday to furnish bank account...

Bank accounts of influentials to come under special watch

Syful Islam | 2014-11-21 00:00:00

The government has moved to keep bank accounts of the country's influential persons under watch in line with the new standard of Financial Action Task Force (FATF), official sources said. The issue is going to be incorporated in the circular...

Outlining road safety in Bangladesh

Helal Uddin Ahmed | 2014-11-21 00:00:00

As the editor of this research book says, "Road accidents are the new epidemic sweeping across much of the developing world". With its rapid urbanisation and exponential growth of transport networks, safety on the roads has emerged as an inescapable...

Russia\\\'s stakes in Ukraine

Md Badrul Islam | 2014-11-21 00:00:00

The Ukrainian crisis has become a focus of attention in the world today. It is an ongoing European crisis involving Russia and Ukraine. The Supreme Council of Crimea and the City Council of Sevastopol unilaterally declared Crimea as an independent...

Modern slavery: An affront to civilisation

Nilratan Halder | 2014-11-21 00:00:00

The Global Slavery Index 2014, announced on Monday last, presents a dismal picture for South Asia. Of the 35.8 million people enslaved worldwide, 23.5 million live in Asia. Of the Asian total, India's share is the largest with 14.2 million...

Central banks through the ages - II

Jamaluddin Ahmed concluding his two-part article | 2014-11-21 00:00:00

There are at least three other roles of central banks that are less considered. One is the distributive role of central bank policy. Central banks' policies can have differential impacts on different classes and groups: workers and capitalists, debtors and...

BG Press digitisation still a far cry

Khairul Islam | 2014-11-21 00:00:00

Despite strong and repeated demands from the education boards, no move for digitalisation of the state-owned printing press is visible yet, leaving the question paper leakage issue neglected. "There is no move visible for automation of the Bangladesh Government Press...

Iran to resist \\\'excessive\\\' demands in push for nuclear deal

Fredrik Dahl and Parisa Hafezi of Reuters in Vienna | 2014-11-21 00:00:00

Iran said it would resist Western pressure to make what it considered to be excessive concessions in nuclear talks that started on November 18, highlighting obstacles that could prevent a historic deal being reached by a Nov. 24 deadline. US...

Under Modi, Israel and India forge deeper business ties

Tova Cohen and Ari Rabinovitch of Reuters in Tel Aviv | 2014-11-21 00:00:00

At the U.N. General Assembly in New York last September, Israeli Prime Minister Benjamin Netanyahu set aside time for a critical meeting. But it wasn't President Barack Obama he was keen to see. It was Indian Prime Minister Narendra Modi....

Hackers to probe cyber crime defences at British banks

Matt Scuffham of Reuters in London | 2014-11-21 00:00:00

In the next few months hackers will try to penetrate the cyber defences of Britain's major banks and steal information about millions of customers. But for once they'll be welcome. Banks are on red alert after cyber criminals obtained details...

Stocks slip into red amid sluggish turnover

FE Online Report | 2014-11-20 00:00:00

Stocks slipped in the red again today (Thursday) after previous sessions’ upturn amid sluggish turnover as investors followed cautious stance. The market opened with a positive mood, but could not sustain as the session progressed. DSEX, the prime index of...

DSE up, CSE down

FE Online Report | 2014-11-20 00:00:00

The Dhaka Stock Exchange (DSE) witnessed positive trend while the Chittagong Stock Exchange (CSE) saw negative trend in early hours of trading on Thursday amid see-saw, the last session of the week. DSEX, the prime index of the DSE, went...

Tk 5.0b more sought for Dk-Ctg 4-lane highway work

Rezaul Karim | 2014-11-20 00:00:00

The Roads and Highways Division under the ministry of road transport and bridges (MoRTB) has sought Tk 5.0 billion more for implementing the limping four-lane Dhaka-Chittagong highway project, officials said. A request letter seeking additional funds beyond the current budget...

Rice export to Sri Lanka starts soon

Talha Bin Habib | 2014-11-20 00:00:00

Rice export to Sri Lanka will start soon as the Ministry of Commerce (MoC) has amended the Statutory Regulatory Order (SRO) -- a hurdle in the way of the country's move to shipment of food grain, officials said. The export...

Package measures taken to attract FDI

Badrul Ahsan | 2014-11-20 00:00:00

The government has taken a set of proactive measures, including cutbacks on tax and easy residency, to attract foreign direct investment (FDI) into the country, sources said. The Board of Investment (BoI), in an inter-ministerial meeting recently, made the decisions...

MoF asks SoEs afresh to offload shares soon

Rezaul Karim | 2014-11-20 00:00:00

The government has issued a fresh reminder asking the state-owned enterprises (SoEs) concerned to offload their shares in the capital market without further delay, officials said. They said the Ministry of Finance reminded the relevant SoEs of the earlier directive...

The winter blues and joys of life

Maswood Alam Khan from Maryland, USA | 2014-11-20 00:00:00

It is not possible for a Bangladeshi to imagine how punishing it is to walk on a road with temperature dropped to 13 degrees Fahrenheit (which is minus 10.55 degrees centigrade) unless he or she has lived here in chilly...

Debate on shrinking farmland

Abdul Bayes | 2014-11-20 00:00:00

There is still a debate whether or not Bangladesh has already attained self-sufficiency in food grain, especially in rice. Government statistics (as well as rhetoric) claim that Bangladesh has already attained self-sufficiency. This is, undoubtedly, a piece of good news...