Stocks down, turnover up on bourses

Stocks edged lower for the second running session on Wednesday with turnover improved slightly as the investors went for late hours selling binge. The market opened with a positive mood, but could not sustain. At the end of the session,...

Stocks open positive amid volatility

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed positive trend in early hours of trading on Wednesday, the fourth session of the week, amid volatility. DSEX, the prime index of the DSE, went up by 7.96...

A move that was long overdue

The government and the local apparel sector entrepreneurs have finally taken a decision that was long overdue. They have decided to allow conditional entry of foreign investors in the readymade garment (RMG) sector outside the export processing zones (EPZs).  A...

NBR roadmap to raise tax-GDP ratio by 4.0pc

The National Board of Revenue (NBR) moves to make a roadmap for raising the country's tax-GDP ratio by 4.0 per cent in the next four years at government's directive.    Officials said the revenue agency made the move following a directive...

PC made redundant

The Privatisastion Commission (PC) virtually does not have any business to do following Prime Minister Sheikh Hasina's recent announcement to stall privatization of state-owned enterprises (SoEs). The government had a decision to transfer a number of textiles and jute mills...

Transport sector beyond control?

A major accident involving a launch or a bus or a train usually triggers a lot of activities on the part of the ministers and officials concerned. But such hyper response to the post-accident situation tends to be short-lived. For...

Shahjibazar Power whops abnormally

Share price of Shahjibazar Power Company Limited (SPCL) rose by 94.30 per cent in seven consecutive trading sessions despite the company's profit declined in third quarter (January-March, 2014) as per special audit conducted following the regulatory instruction. On Tuesday, in...

BD urges India to consider 2nd LOC

Bangladesh has sought favourable consideration of India for a second LOC (line of credit) in the third meeting of the India-Bangladesh Joint Consultative Commission (JCC), sources said. The meeting was held on September 20 in New Delhi. Foreign Minister Abul...

DSE turnover hits 3-month low

Stocks returned to the red on Tuesday after previous day’s upturn with turnover on the prime bourse hitting a three-month low as investors went for late hour selling binge. The market opened with an upward mood, but could not sustain...

DSE, CSE rise at opening

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

MoF worried over rise in power subsidy bill

A 75 per cent increase in subsidy expenditure on power between the months of June and August last has stirred up worries among finance ministry officials.  The ministry of finance (MoF) at its recent meeting has reviewed the issue and...

Garment industry now open to FDI outside EPZs

The government has finally agreed to conditionally allow foreign direct investment (FDI) in the garment industry outside the export-processing zones (EPZs) for boosting apparel exports.    Officials and sector-insiders said the agreement came at a recent meeting of the government with...

Banks\\\' Q3 financials indicate a turnaround

The profit earned by a number of listed banks was higher in the third quarter (July-September) of the current calendar year compared to that fetched during the corresponding period of last year.   Bankers attribute the positive development to political stability...

High cost of raw materials, absence of testing facilities impede drug exports

High cost of raw materials and absence of required testing facilities are holding back the growth of pharmaceutical exports from Bangladesh, industry insiders and experts have said. According to them, the locally produced drugs are facing tough competition in the...

Bancassurance: A state-of-the-art insurance distribution channel

Bancassurance is an alternative distribution channel for insurance products where a strategic business relationship is formed between a bank and an insurance company with a view to making use of the bank's sales channels as well as customer bases for...

China upholds its own model of socialism

Before 1949 China was ruled by land lords and bourgeoisie in collusion with imperialist powers. The semi-colonial and semi-feudal system was the root of exploitation and people's suffering in Chinese society.  After a long struggle and sacrifices, the Chinese people...

Combating marine pollution brooks no delay

Bangladesh ratified the United Nations Convention on Law of the Sea (UNCLOS) 1982 more than 13 years ago on July 27, 2001. It was a landmark legal step for the settlement of maritime boundary disputes with Myanmar and India. Pursuant...

AIIB could plug Dhaka\\\'s long-term financing gap, says ESCAP official

The new Asian Infrastructure Investment Bank (AIIB) is expected to meet the long-term financial needs of small economies like Bangladesh, helping them to improve infrastructure, a United Nations official said. "To address the major challenge of financial shortage in developing...

Jordan\\\'s Arab Bank appeals against Hamas finance ruling

Jordanian lender Arab Bank Group said its had begun legal steps to appeal a U.S. jury ruling which found it liable for financing Islamic militant group Hamas. The U.S. civil lawsuit brought against the Jordan-based bank has been described by...

China\\\'s auto market growth may halve to 7.0pc this year

Growth in China's auto market, the world's biggest, will halve to 7.0 per cent this year weighed down by a slowing economy, the head of an industry body said cost week. "Personally, I think growth this year can reach 7.0...

ECB fails 25 banks in health check but problems largely solved

Roughly one in five of the euro zone's top lenders failed landmark health checks at the end of last year but most have since repaired their finances, the European Central Bank said on Sunday. Painting a brighter picture than had...

Stocks return to green amid sluggish turnover

Stocks returned to the green Monday after three sessions’ fall with turnover remained sluggish as the investors went for late hour buying spree. The market opened with a negative mood, but late hours buying binge sent the market in green...

DSE, CSE see downturn

Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed negative trend in early hours of trading on Monday, maintaining the previous day’s downturn. DSEX, the prime index of the DSE went down by 12.34 points or 0.24 per cent...

Emerging fiscal crimes daunting challenge for law enforcement

Various financial crimes, including some shocking scams, have recently emerged as one of the most challenging tasks in law enforcement amid a breakdown of social and moral values, opine experts.       Criminologists and law-enforcers observe that organised gangs of criminals are...

World beset with grave crises

When we get up in the morning and listen to the radio or television or read the newspaper, we are confronted with the same depressing news and horrible stories: violence, crime, wars, and disasters. Not a single day passes without...

Plastic money: Bangladesh perspective

In most of the developed countries, plastic money has replaced the paper currency on a large scale and is now being adopted in developing countries gradually. Plastic money basically consists of different cards, both debit and credit, used as a...

When protectors turn predators

Protectors have become predators in all ages. But in recent times, the predatoriness has evidently surpassed all past records. In a modern state, the weak are protected from the clutches of the aggressors by its set organs and agencies where...

The shootings in Ottawa and the US media

The media in the United States goes over the edge every time an act of terror occurs anywhere in any western country, particularly in its soil that has any assumed (which is the case almost all the time) or real...

Iraqi security forces, Kurds, gain ground against Islamic State

Iraqi security forces made significant gains against Islamic State in a strategic area near Baghdad last week and Kurdish fighters retook a northern town after heavy coalition air strikes against the Sunni Islamist insurgents. Iraqi troops seized most of Jurf...

China central bank seen playing safe as slowdown fans policy debate

China's central bank is likely to hold its line against an interest rate cut even as growth slows to a quarter-century trough, as the politics of reform influences the conduct of monetary policy, government sources involved in internal policy discussions...